Sam Patel Email & Phone Number

Winnipeg, Mb, Ca

Winnipeg, Mb, Ca

Winnipeg, Canada Area

• Accounting of revenue recognition (IFRS-15), accruals, capital assets and intangible assets each month.• Accountable to complete the month end, quarter end and year end activities in a timely manner.• Preparing various cost reports to investigate variances, respond to management requests and concerns, and make recommendations to improve financial data quality and accuracy.• Continuously monitor, recommend, and implement process improvement initiatives to increase effectiveness and efficiency of the department.• Provide support for monthly financial forecasting, annual budget process, reporting and operational metrics tracking.• Responsible for daily and monthly bank reconciliations, balance sheet account reconciliation and journal entry postings.• Assist with the preparation of monthly / quarterly financial reporting packages including Balance Sheet and Income Statements, corporate packages and schedules.• Coordinated with internal and external legal advisors and auditors to know the areas that need corrective measures for compliance.• Engaged with operations team to provide financial reporting backup support where required to understand financial implications on month to month variance with budget.• Managed large data for financial analysis by exporting these data from ERP software to Excel to perform various Excel functions for reconciliation of general ledgers and make corrective action for discrepancies.• Conduct comprehensive financial analysis to optimize profitability, resource allocation and contribution margin.

Winnipeg, Canada Area

• Keyed entries in SAP system related to Account Receivable, Accounts Payable and Journal used for financial statement preparation.• Handled reconciliation of balance sheet accounts, review discrepancies available in the reconciliation statement, analyzed the variance through general ledger extracted from the system (SAP), and made corrective entries after authorization from senior analyst or manager.• Assist in treasury management activities and streamline payment processing to promote capital efficiency.• Analyzed various reports through SAP to complete the month end activities such as preparing and pass journal and ledger entries.• Checked the deduction of benefits from each employee every month from various reports through SAP to complete the payments timely, such as payment to PBAS for dental benefits.• Communicated with Unions and Administrative services for any queries raised on behalf of the stores and resolved it with necessary supporting evidence and reports.• Implement process improvement initiatives to increase effectiveness and productivity of the department by cutting down the processing time of union dues by 55%.

Vadodara Area, India

• Prepared annual audit report based on financial statements available and performed cost-benefit analysis after reviewing financial data for management’s review.• Examined and analyzed journal and ledger entries, bank statements, expenditures, other accounting records complying with established accounting standards, procedures, and internal controls to prevent penalties for non-compliance.• Complied with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions, • Implemented tax compliance such as government remittance of advance tax, income tax and tax deduction at source to ensure timely payments.• Analyzed and prepared Quarterly and Yearly financial statements, which includes Trial Balance, Balance Sheet, Profit & Loss Account, Statement of Income and Cash flow for management and stakeholders’ review.• Maintained confidentiality of all financial data and records by keeping all files in lock and key.

Education record

CFE

Chartered Accountants Of India, Accounting And Finance

Master'S Degree, Accounting And Finance, First Class

Bachelor Of Commerce - Bcom, Accounting And Finance, First Class