Krishna Majithia
Leicester
Summary
Highly skilled and proactive Group Accounts Manager with over 15 years of experience in managing international and domestic accounts. Proven track record in financial reporting, budget management, and cost-saving initiatives. Adept at overseeing multi-functional teams and liaising with stakeholders to drive financial performance. Confident communicator with strong analytical skills, looking to leverage expertise in a UK-based accounting role, where I can contribute to the growth and success of the organization.
Overview
10
10
years of professional experience
Work History
Group Accounts Manager
Love red label Ltd
Leicester
12.2020 - Current
- Purchase Ledger Management: Took full control of the purchase ledger, managing supplier invoices and ensuring accurate, timely payments, including processing BACS payments for outgoing transactions
- Sales Ledger: Managed the sales ledger, ensuring timely and accurate invoicing, and monitoring incoming payments from clients
- Treasury Management: Oversaw treasury functions, including managing cash reserves, liquidity, and maintaining relationships with banks to ensure financial stability
- Reconciliations & Cash Register: Performed regular account reconciliations, updated the cash register, and managed recharges to ensure accurate financial records
- VAT & Tax Returns: Prepared and finalised VAT returns with rigorous transaction checks, ensuring full compliance with UK tax regulations
- Also handled corporation and personal tax returns
- Management Accounts: Managed the preparation of monthly management accounts, quarterly VAT returns, and detailed financial forecasts to support senior management decision-making
- Payroll & Pension: Administered payroll and pension processing, ensuring the timely and accurate disbursement of salaries via BACS and compliance with statutory requirements
- Audit Assistance: Assisted with audits for limited companies, ensuring accurate financial records and compliance with audit regulations
- Budgeting & Forecasting: Directed budgeting and forecasting activities to align financial goals with organisational objectives, contributing to cost-saving initiatives and profit improvement strategies
- Supplier Negotiations & Cost Management: Negotiated with suppliers to secure cost-effective terms, reducing annual expenditures and maintaining strong vendor relationships
- Ad Hoc Duties: Undertook ad hoc duties as required, supporting the finance team and wider business operations in achieving strategic goals
Chartered Accountant
T. L Vithlani & Co
India
05.2015 - 10.2020
- Project Report & Profile Preparation: Prepared and added value to project reports and business profiles for various clients, along with the preparation of CMA data on a periodic basis
- Client Account Management: Managed clients with multiple companies, merging their accounts and overseeing financial activities for businesses with turnovers between 100–200 crores
- Accounts Verification & Estimation: Verified quarterly accounts, planned yearly estimates, and ensured accuracy in financial reporting
- Accounting Investigation & Third-Party Confirmation: Conducted accounting investigations for clients and verified transactions through third-party confirmations
- GST & Tax Return Filing: Prepared and filed GST returns, along with other government taxes like Gujarat VAT, Service Tax, and TDS, ensuring timely submission
- Handled GST audits and annual returns
- Accounting Records & Management Information: Maintained accounting records and prepared management information for small businesses to ensure proper financial reporting
- Client Liaison & Financial Advisory Services: Liaised with clients and provided tailored financial advice based on their business models, covering tax strategies and financial planning
- Audit & Tax Improvement: Conducted audits in line with the latest updates to the Income Tax Act, analyzed audit findings, and provided recommendations to improve accounting practices and tax strategies
- Income Tax Returns Filing: Filed income tax returns for all types of assesses, ensuring timely submission as per the authority’s deadlines
- Team Management & Training: Managed and trained junior colleagues, assigning them various tasks and ensuring their professional growth
- Retention Audits: Conducted retention audits for various organizations, preparing and submitting reports to respective authorities as required
- Individual Clients Accounting & Tax Returns: Prepared and finalized accounting, tax workings, and returns for individual clients, ensuring accurate and timely submissions
Education
MSc Project Management -
De Montfort University
Leicester11-2021
Diploma in International Financial Reporting (IFRS) -
ACCA
India12-2013
Chartered Accountant -
The Institute of Chartered Accountants of India
India05-2011
Master of Commerce -
University of Pune
India03-2011
Bachelor of Commerce -
University of Pune
India03-2009
Skills
- Financial Reporting and Analysis
- Budgeting and forecasting
- VAT Return Submissions
- Cash flow management
- Accounts reconciliation
- Import/Export Accounting
- Invoice financing
- BACS and online payments
- International Accounts Management
- Variance and Margin Analysis
- Stakeholder management
- Payroll Administration
- Financial Risk Assessment
- Leadership and Team Management
- Software: Xero, QuickBooks, Dext, MS Office, Paycircle
References
Available upon request.
Languages
Gujarati
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
Marathi
Proficient (C2)
C2
Timeline
Group Accounts Manager
Love red label Ltd
12.2020 - Current
Chartered Accountant
T. L Vithlani & Co
05.2015 - 10.2020
MSc Project Management -
De Montfort University
Diploma in International Financial Reporting (IFRS) -
ACCA
Chartered Accountant -
The Institute of Chartered Accountants of India
Master of Commerce -
University of Pune
Bachelor of Commerce -
University of Pune
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