Balbir Arora has over 20 years of experience in accounting, finance, and management. He holds an MBA and Masters in Accounting and is currently a Senior Accountant at L.A. Spas, Inc., where he prepares financial statements and reports, manages regulatory compliance, and analyzes company finances. Previously he worked at At Last Sportswear Inc. as Senior Administrator overseeing the import department and at PA Company Inc. as Senior Accountant.
1. Balbir Arora - Masters (Accounting), MBA
1201 Walnut Avenue, Apt # 67
Tustin, CA 92780
Phone: (862) 668 8117
E-mail: balbirarora@yahoo.com
Objective
Pro-active self-starter, with excellent communication and computer skills, including a distinctive ability to manage and delegate multiple tasks in a stressful work environment, is seeking a challenging accounting position that utilizes the full range of current skills, experience and abilities, and the opportunity for professional growth.
Qualifications
Extensive experience in Accounting, Insurance, Imports, Logistics and Retail Management.
Strong computer skills in applications such as Sage MAS200, AS400, Great Plains, and Microsoft Office.
Advanced Excel spreadsheet skills, having worked with Pivot Tables, VLookups, etc.
Experience
March 2011 – Current
L.A. Spas, Inc. - Anaheim, CA
(Manufacturer, Wholesaler and Distributor of Spas and Gazebos)
Senior Accountant
Prepares monthly MOR’s for management and CEO.
Manages regulatory compliance reporting (Federal & State).
Audits monthly Raw Goods, WIP and Finished Goods inventory.
Supervises Accounts Payables specialist.
Calculates weekly/monthly commissions payable.
Records Journal entries, reconciles monthly Bank statements and General Ledger accounts.
Manages and supervises month-end and year-end closings and prepares month-end and year-end Financial Statements in accordance with GAAP.
Analyzes revenues, expenditures and other financial information for CEO and VP (Finance).
Projects and tracks company’s Cash Flow projections.
Analyzes disbursements and negotiates with vendors for better payment terms to improve Cash Flow.
Re-negotiates with contractors for highly competitive rates on maintenance agreements.
Implements and maintains accounting controls, policies and procedures to ensure consistent and accurate internal reporting.
Recommends improvements in methods, systems and procedures.
January 2004 – February 2011
At Last Sportswear Inc. - Secaucus, NJ
(Importer, Wholesaler and Distributor of Women and Children Apparel)
Senior Administrator (Imports)
Streamlined all functions of the company’s Import Department for smooth operation.
Developed and implemented internal controls and procedures
Improved reporting process to produce final documents within five business days of month closing.
Opened Letters of Credit with Banks.
Developed controls with Production team to ensure timely handover of finished goods by overseas vendors to Freight Forwarders for shipping.
Negotiated annual contracts with shipping lines for better rates.
Implemented controls with overseas vendors for complete and accurate documentation of all shipments for filing with US Customs.
Audited all completed documents for accuracy before submitting to the company’s Accounting Dept.
2. March 2000 – January 2004
PA Company Inc. - Needham, MA
(Manufacturer, Distributor, Wholesaler and Retailer of Women Apparel)
Senior Accountant
Recorded Journal entries, reconciled monthly Bank statements and General Ledger accounts.
Prepared monthly and yearly financial statements in accordance with GAAP.
Generated monthly reports for bank compliance.
Implemented Credit Cards payment processing procedures, executed reports from merchant system and reconciled monthly credit card payment balances.
Projected and tracked company’s Cash Flow projections.
Tracked, analyzed and approved payments of the company's accounts payables.
Supervised coding, batching and processing of invoices for weekly check-run for outstanding invoices.
Assumed total charge of Payroll and coordinated with ADP for payroll for office staff and retail locations.
Prepared monthly Open-to-Buy reports for company’s retail division buyers.
Monitored proper controls and systems to effectively manage inventory levels.
Negotiated and tracked company’s General Insurance and Health Insurance expenditures.
Provided guidance, training and technical advice to accounting staff.
February 1997 – February 2000
Johnson & Wales University Library - Providence, RI
Graduate Assistant – Technical Services
Awarded “Student Employee of the Year” award for 1999.
Maintained an inventory of over 600 serials, periodicals and newspapers.
Reconciled annual physical inventory with records.
Maintained a database of library serials catalog through HELIN library consortium system.
Established and documented procedures for serials processing.
January 1985 – November 1997
Life Insurance Corporation of India - India
Sales Manager – Clive Row Branch
Ranked amongst highest 5% of agents of eastern India.
Supervised Life and General Insurance sales.
Trained sales personnel.
Implemented agency accounting systems.
Education
1997 – 2000
Masters (Accounting)
GPA 3.9 out of 4.0
Johnson & Wales University, Providence, RI, USA
1984 – 1986
MBA (Business Management)
Institute of Modern Management, Calcutta, WB, India
1974 – 1977
Bachelors (Accounting)
University of Calcutta, Calcutta, WB, India
References
Available upon request