Jacob Raj, Fcca

Jacob Raj, Fcca Email and Phone Number

Senior Accountant for Shipping Joint Venture between Arcelormittal and Drylog @ ArcelorMittal
London, GB
Jacob Raj, Fcca's Location
London, England, United Kingdom, United Kingdom
About Jacob Raj, Fcca

Senior Accountant in Shipping, Financial Services and Insurance Industry. Dealing with significant capital asset purchases, asset purchase valuation and life cycle models, cash flow forecast, trading to accounting system reconcilation, IFRS 16, 15 and IFRS 9 issues and procedures.I am an ACCA qualified chartered accountant as of January 2018.Currently, I work as a shipping accountant focusing on maintaining vessel ledgers, preparing and modelling cash forecast, cost budgets, prepares statutory and management accounts for different shipping organizations and applying SOx controls. Acts also as a financial controller and maintains treasury accounts.I have proven experience in financial reporting and management accounting in the shipping, insurance and financial commodities services sector.I have worked as a Product Controller for the Energy Commodities sector reconciling daily P&L journals alongside mutiple foreign currency accounts. Monthly Gas accruals reconciliation and posting of accrual journals as well as intake of trading related projects were prime objectives on this role. This role has helped me to transition to commodities sector from insurance brokerage sectorAt the "The Complete Group Ltd" I work as a Business Partner (Financial Control & Reporting) and maintained a strong financial internal control framework along with maintenance of Group accounting policies and procedures to ensure that there is good corporate governanceThe daily roles is focused on controls over overhead costs, indirect revenue streams, KPI bonus structures and maintaining a good relationship with external supplier, key customers and internal budget holdersIn 2014, I was enrolled at Dimensional Fund Advisors where I was corporate accountant using Microsoft Dynamics system responsible for Accounts Payable and Receivables. I have been also entrusted with managing corporate overheads expenses though concur expense systemsDuring initial part of my development, I was enrolled by European Leonardo Programme, which had me sent to Dublin to enhance my practical accounting and booking keeping skills by learning to operate Sage 50, QuickBooks, Excel and also learnt to operate Sage Payroll. My accounting work experience in Keelings Dublin enabled me to reconcile creditor statements in Excel, process and train invoices in Metastorm and introduced me to Sun Accounting system

Jacob Raj, Fcca's Current Company Details
ArcelorMittal

Arcelormittal

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Senior Accountant for Shipping Joint Venture between Arcelormittal and Drylog
London, GB
Employees:
60836
Jacob Raj, Fcca Work Experience Details
  • Arcelormittal
    Senior Accountant For Shipping Joint Venture Between Arcelormittal And Drylog
    Arcelormittal
    London, Gb
  • Arcelormittal
    Senior Accountant For Shipping Joint Venture Between Arcelormittal & Drylog
    Arcelormittal Aug 2019 - Present
    Mayfair, London, England, United Kingdom
    Acting as the financial controller, supervising and reviewing various profit centers with a combined turnover exceeding USD 700m based in UK, Liberia and Mauritius.Modelling significant capital purchases such as sale and lease back of new and second-hand ships. Mapping trading system with financial control and accounting systems.Prepares documents, journals for right of use asset (IFRS 16) .Reviews charter parties and contracts to make accounting judgements in line with IFRS 15.Liaising with CEO and CFO of shipping on making various presentation to the board members with updated business plans, analysis on business scenarios, budget forecasts, submitting actual financials and cash flow predications. Supervises teams based in Poland and Mauritius on range of accounting issues for month end, quarter end and year end closure.Modelling, reviewing with commentary on quarterly cash flow forecasts and budgets for the board meetingPrepares financial statutory accounts and management accounts for entities in the UK (FRS 101) and Liberia (IFRS).In charge of monitoring the performance of each completed voyage against budget and reporting to management on monthly basis.Assisting CFO with preparation with post joint venture financial proposals.Liaising with Internal & external auditors and tax advisers.Reviewing OPEX and CAPEX items associated with specific vessels.Dealing with Mark to Market accounting of paper hedging trades. Inter-company reconciliation on the consolidation module.Following accurate accruals and prepayments.Preparing quarterly VAT and corporate tax return on UK entities.Reviewing Accounts receivables - ageing, provisions and follow-ups for overdues.Timely payments of PAYE and corporation tax, annual P11Ds.Preparing presentation for quarterly meetings and Annual Board Meeting.Develop, monitor and maintain trading and financial systems.Perform additional duties and other functions as may be required from time to time.
  • Global Chartering Ltd.
    Senior Accountant For Shipping Joint Venture Between Arcelormittal & Drylog
    Global Chartering Ltd. Aug 2019 - Present
    Mayfair, London, England, United Kingdom
    Role and responsibility mentioned in the role above
  • E And J Accountants Limited
    Director
    E And J Accountants Limited Jan 2024 - Present
    London, England, United Kingdom
    E and J Accountants Limited is an accounting practice specialising in self-assessment of individuals and management of micro-entities and maritime entities.
  • Trailstone Group
    Product Controller Accountant
    Trailstone Group Apr 2018 - Jul 2019
    110 Bishopsgate, London
    I worked as a Product Controller for the Energy Commodities sector reconciling daily P&L journals in accordance with the trading books (Endur) and multiple foreign currency bank accounts. Monthly Gas, FX, cost of sales reconciliation and posting of accrual journals are core part of my month end roles alongside trade cash reconcilations.Also based on the accruals, I provide trade APAR listings to the financial controllers at month end and deal with semi annual and annual trading related queries and controls to external auditors.Also I update the daily cash flow and is in constant liason with credit, back office, middle office and financial controllers inorder to assist, record and control various instruments/trades.I have also done Remit Reporting on a counterparties validating their trades to the regulatory bodies.Accounting policies followed are US Gaap and IFRSAccounting system used Netsuite (Oracle)Trading system used ( Endur)
  • Complete Cover Group
    Business Partner ( Financial Control & Reporting)
    Complete Cover Group Oct 2017 - Apr 2018
    Sunbury Upon Thames
    Role is focused to support the preparation of monthly management reports for two operational legal entities, also includes three holding companies.Preparation of month end journals (commission, accrued revenue, fees, premium, bad debt and credit card liability).Preparation of departmental bonus structures and calculation of those bonus in respect to their allocated KPI’s.Preparation of information required for the UK Broker FCA regulatory and ONS reporting requirements.Verifying and agreeing commission rates and amounts on sales ledger and then processing sale orders.Liaising with internal or external parties to ensure the timely and accurate resolution of any issues raised with any of the reconciliation with group standards.Cash flow forecast for the next quarter and explanation of adverse variance with appropriatejustificationAssist with the preparation of annual schedules and supporting documents for completion ofexternal and any other regulatory auditThis role also undertakes the responsibilities previously held within the company as an AssistantAccountant.This role directly reports to the Head of financial Reporting. The role has helped me maintain a strong financial internal control framework along with maintenance of Group accounting policies and procedures to ensure that there is good corporate governance.
  • Complete Cover Group Ltd  ( Previously Known As A&A Group Ltd)
    Assistant Accountant
    Complete Cover Group Ltd ( Previously Known As A&A Group Ltd) Jan 2015 - Oct 2017
    Twickenham, United Kingdom
    Accounting system used bespoke Access Dimensions integrated with excel.Role is focused to support the preparation of monthly management reports for two operational legal entities, also includes three holding companies.Preparation of month end journals (commission, accrued revenue, fees, premium, bad debt and credit card liability).Transfer pricing option examined on individual invoices between intercompany divisions.Aged creditor and debtor reconciliation for operational and corporate accounts. Aged creditor and debtor suspense accounts are also monthly reviewed, communicated and resolved.Assisting the audit team in gathering journal data, providing evidence and explanation on inquired journal postings.Verifying and agreeing commission rates and amounts on sales ledger and then processing sale orders. Balance sheet reconciliation, identifying areas requiring adjustments and posting adjustments.Overhead cost analysis where identification cost drivers as well as cost patterns and forecasts are analysed hence reported to management.Monthly accrual, prepayment and assets reconciliationBank Reconciliation for multiple accounts.Purchase and sales ledger postings through Access Dimensions.Payroll inquiries and adjustments such as mandatory court deductions, childcare vouchers and employee loans.Mandatory FCA calculation and transfers for inter-company divisional brands.Examining trial balance and balance sheet movements within the month and reconciling movements within the year.Reviewing expense forms and inquiring elements associated with PSA.Documentation of the new accounting system procedures, testing its deficiencies and controls. Reviewing that the opening balances are carried across to the new system correctly. Cash flow forecast preparation and filling.Arranging purchase ledger, ad-hoc payments and managing inter division transfers.
  • Dimensional Fund Advisors
    Accounting Assistant
    Dimensional Fund Advisors May 2014 - Jan 2015
    London, United Kingdom
    Accounting system used was Microsoft Dynamics CRM integrated with relogic and concur expensesystem.Daily bank reconciliation for multiple accounts of different currencies; processing companyinvoices including, approval through procurement system, posting to the accounting system,payment through corporate banking system and filing.Following up on supplier and internal queries, processing and payment of expense reports;maintaining accounts receivable ledger.Assisting auditors with end of year audit, arranging ad-hoc payments by BACs, interaction withother offices, preparing and distributing invoices for separate accounts.Inducting the accounting team on the Accounts payable function based in parent counterpart inthe US for the transition of roles.This role enabled to attain experience as a corporate financial account assistant and enhanced myknowledge of fund accounting and the effects of stock markets on long term maturity funds.
  • Keelings
    Account Payable Intern
    Keelings Jan 2014 - Apr 2014
     To scan, train and process purchases invoices in Metastorm Systems. To balance creditor ledger accounts in Excel. To operate SUN Accounting software. This role gave me insights of preparing Accounting journals in a medium to large limitedcompany.
  • West London Mental Health Nhs Trust
    Administrator
    West London Mental Health Nhs Trust Jan 2013 - Jan 2014
     Entering patient details and updating their records on IAPTUS. Answering phone enquiries from patients, doctors and clinicians. Checking waiting list on Excel and prioritising appointments for patients with special needs and longer waiting times. Greeting patients at reception and directing them to their appropriate clinicians. This role has further enhanced my communication with clients and improved my data entry skills.
  • Nhs Trust
    Health Record Administrator
    Nhs Trust Jun 2011 - Dec 2013
     Taking responsibility in the absence of team supervisor and helping junior staff with the database merging. Electronically merging records, pulling notes, physically merging them, and tracking patient notes to tight deadline. This role improved my leadership, team working and organisational skills.

Jacob Raj, Fcca Education Details

Frequently Asked Questions about Jacob Raj, Fcca

What company does Jacob Raj, Fcca work for?

Jacob Raj, Fcca works for Arcelormittal

What is Jacob Raj, Fcca's role at the current company?

Jacob Raj, Fcca's current role is Senior Accountant for Shipping Joint Venture between Arcelormittal and Drylog.

What schools did Jacob Raj, Fcca attend?

Jacob Raj, Fcca attended Acca, Kaplan International College London, Brunel University, Lampton School.

Who are Jacob Raj, Fcca's colleagues?

Jacob Raj, Fcca's colleagues are Paul Tiisaar, Roland Fonck, Victor Hugo, Antonio Carneiro, Al Buycks, Sunil Alexiose, Davorin-Rino Šikman.

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