SUMAN THAPA MAGAR

      ACCA Affiliate with over 2 years of experience as an Assistant Accountant, specialising in preparing accurate financial statements, VAT returns, management reports, and budgets while ensuring full compliance with IFRS and HMRC regulations and successfully managing financial processes for 10+ clients and achieving 20% improvement in reporting efficiency through process optimisation. With strong analytical expertise and proactive problem-solving skills, I drive strategic financial decision-making, streamline processes, and deliver measurable improvements in efficiency and accuracy, contributing to the success of dynamic organisations.

WORK EXPERIENCE

Accountancy And Tax Practice Limited                                                                                       London, United Kingdom

Assistant Accountant                                                                                                                                            Jun 2023 - Present

• Delivered accurate financial statements (income statements, balance sheets, and cash flow statements) and statutory reporting for over 10 clients, ensuring 100% adherence to IFRS standards using QuickBooks, VT Accounting Software, and demonstrating proficiency in Excel with VLOOKUP and XLOOKUP functions, which improved financial reporting efficiency by 20%.
• Facilitated timely and compliant VAT return submissions, successfully handled quarterly and annual filings for multiple businesses, maintained 100% compliance with HMRC tax regulations and consistently met filing deadlines.
• Enhanced bookkeeping accuracy, reducing errors by 15% through meticulous recording and organisation of financial transactions in QuickBooks, which led to faster financial audits and improved general ledger management.
• Compiled and analysed financial data to prepare monthly and quarterly management reports and ad-hoc reports, ensuring accuracy and adherence to deadlines.
• Achieved a 98% discrepancy resolution rate, efficiently reconciling bank statements, CIS, accounts payable/receivable, and proactively resolving discrepancies, resulting in improved financial accuracy and reduced financial risk.
• Processed payroll for 20+ companies, ensuring precise calculations and on-time payments through Moneysoft Payroll software, maintaining a 100% accuracy rate in payroll processing.
• Optimised pension administration, ensuring timely enrolment of employees into Nest Pension plans and processing contributions, contributing to a 100% compliance rate with pension regulations and resolving 90% of pension-related inquiries within 24 hours.

BRS Neupane & Co                                                                                                                                                Kathmandu, Nepal

Accounting Intern                                                                                                                                              Jul 2021 – Dec 2021

• Collaborated with senior accountants for the preparation of budget forecasting and budget variance reports, highlighting key trends and deviations to aid decision-making.
• Streamlined financial data entry processes, reducing time spent on manual entries by 10% and improving accuracy by cross-verifying data with source documents.
• Supported the preparation of month-end financial reports, assisting in the reconciliation of accounts and ensuring timely submission.
• Assisted in developing Excel-based financial models, which improved the team’s ability to analyse and present data, enhancing decision-making for budgeting and forecasting.
• Resolved vendor and client payment discrepancies within 24-48 hours, strengthening relationships and improving cash flow management.
• Reconciled multiple accounts, ensuring all financial records were updated and discrepancies were addressed, contributing to a 98% accuracy rate in financial statements.
• Assisted in month-end and year-end financial close processes, ensuring timely and accurate finalisation of accounts.

OTHER WORK EXPERIENCES

ASDA                                                                                                                                          London, United Kingdom

Store assistant                                                                                                                                                                                                                                                        Jul 2022 – Jun 2024

• Communication - Collaborated with customers and team members, delivering excellent customer service and resolving inquiries effectively.
• Time Management and Multitasking - Efficiently managed multiple tasks during busy shifts, meeting deadlines without compromising quality or service standards.
• Attention to Detail - Maintained precision while organising stock or managing customer orders, minimising errors.
• Problem-solving - Resolved customer issues proactively and effectively, ensuring satisfaction and retention.
• Teamwork and Collaboration - Worked collaboratively with diverse teams to achieve daily objectives and ensure smooth operations.

EXTRA CURRICULAR & CERTIFICATIONS

EY Audit Job Simulation on Forage - December 2024

• Completed a job simulation involving identifying and assessing risks, and control and substantive testing for EY's Audit team. 
• Put a transaction flow into the correct order, assigned risks of material misstatement to elements of the transaction flow, and identified which significant accounts these issues could impact.
• Prepared for a conversation with the client about control failures found during control testing and what this means for testing strategy.
• Reviewed outputs of an accounts analysis tool and summarised which issues to raise with my Senior.

JPMorgan Chase Investment Banking Job Simulation on Forage - December 2024

• Identified an ideal M&A target for a client based on an assessment of their strategic and financial criteria.
• Constructed a DCF model to calculate the valuation of the M&A target and adjusted the model to account for a competitor bid and supply chain interruption.
• Created a 2-pager for the client containing a company profile and summary of the auction process.

Step Inside Accountancy [On-Demand Sept '24] – ICAEW – Springpod                            Nov 2024

Quickbooks Certified Pro-Advisor                                                                                    Mar 2024

Quickbooks Certification                                                                                                  Sep 2023

Xero Advisor Certified                                                                                                      Dec 2024

EDUCATION

BPP University                                                                                                                     London, United Kingdom

Integrated Msc in Accounting and Finance [ADAF route] (73%)                                                             Jan 2022 - Jun 2024

Campion Academy                                                                                                                                    Lalitpur, Nepal

A-levels, (85%)                                                                                                                                                2019 –2022

Business (A*), Accounts (A), Mathematics (A), Economics (A)