BRIEF OVERVIEW :
Career Aspiration : Continuously contribute to the growth and development of the organization and realize my professional goals of value, growth and intellectual enrichment
Synopsis : A successful professional with around 25 years of rich experience in Accounts domain. Meticulous professional with excellent accounting / inter-personal skills having worked at various levels in Accounts / Finance division within / outside country. Represented some of the renowned companies like Voltas Ltd., Accor Radhakrishna Corporate Service P Ltd., Hiranandani Group of Companies, UAE Exchange Center LLC (Main Branch, Abu Dhabi), SKOL Breweries Ltd. (Shaw Wallace & Group Companies)
Major Skills :
Finalization, Tax Audit, Internal Audit, Payables, Branch Auditing, Analysis of Profitability, Income & Expenses budget & Variance Analysis, Overhead analysis ,Cost Control analysis, Monthly / yearly Budgeting, Commercial Activities, Procurement Activity, Inventory/stores Control and managements, Vendors reconciliation, Bank Reconciliations, New IT system requirements and Project co-ordination, Indirect taxation like VAT, Service Tax, Tax Returns, Tax Assessments & Appeals , Inter Branch Accounting, Receivables, Liaisoning with Banks and Local authorities, Payroll Management, Share-Management, MIS Reporting, Import liasoning.
PROFESSIONAL EXPERIENCE :
Chrysal Group of Companies Reporting to Head – Corporate/Director
Designation – General Manager Corporate – Accounts & Commercial Oct 2011 – Till Date
A. Corporate Planning & Systems :
Involved in corporate planning during organizational restructuring at all levels.
Involved in formulation of various systems, policies, procedures, commensurate with the need of the company,
Involved in Financial projections of collaborations / joint ventures envisaged.
B. Finance :
Budgeting, Forecasting, Cost & Credit Control, Margin Analysis, Costing & Profitability Analysis and Management Reporting.
Preparation and submission of applications to Financial Institutions for financial assistance in form of Term Loans, Short Term Deposits and timely follow up for necessary sanctions, documentations and disbursements.
Procurement of Foreign Exchange Loans under different lines of credit and arranging guarantees from Financial Institutions for foreign currency loans in favour of foreign lenders.
Surplus Fund Management in terms of placement of inter-corporate deposits to Corporate.
C. Banking and Working Capital :
Preparation and appraisal of working capital proposal.
Fixing up arrangements of working capital.
Bill Discounting and backed Bill discounting at competitive interest rates.
Liaisoning with Senior Officials of Banks, Financial Institutions, Finance Companies, Mutual Funds, etc.
D. Accounts & Audit :
Finalization of accounts, divisional & branch accounting.
Attending statutory auditors, internal auditors & resolving queries
Stores/ Materials accounting controls and verifications
Tax audit details preparation
Computerized accounting for all Group Companies
Debtors’ management and credit control.
Preparation of Employees Salaries and deductions
E. Taxation :
Oversee Personal taxation employees.
Oversee Filing of returns and attending tax authorities for assessments and appeals.
F. MIS, Budgeting & Costing :
Costing product and process.
Budget preparation and Budgetary controls.
Liasoning with Import
Responsible for controlling all Finance / Commercial / Accounts ,Liaison, IT, ERP, Support Activities, Government regulations, Audit functions of various Group Companies like Ventures, Media , Retail , Real Estates, Hospitality at Various Places. -Reporting to the Head -Corporate & control team of 20 -25 persons.
Metalife Solutions Reporting to Director :
Designation – AGM Accounts Finance & Commercial Dec 2010 – Oct -2011
Overall In charge of the Accounts & Commercial Department at the Company’s head office.
Responsible for co-coordinating the accounting and Financial activities of All Group companies , experience in Monitoring of Stock in the Godown, Accounts Receivable and payables, Budgeting, MIS, Profit Variance Analysis, Funding, working capital management, Oversee general accounting Invoicing functions, Imports liasoning with authorities & CHA Agent, Bank, Vendors and customers account reconciliation, and cash management Review of monthly and Annual Balance Sheet and Annual report.
Preparing the monthly and annual (internal and external) financial reports and analysis :
Completing all financial activities on time and processing all financial information of the company. The necessary accounting controls with regard to the financial data in the Business Control and Financial systems. Finalization of internal Audit , yearly Audit and Final Accounts and Tax Audit.
Funds Management Terms loan and Working capital management, coordination with multiple banks and institutions to ensure verifying and providing of a information like CMA and any other requirements to be submitted to Bankers.
Financial reporting to Head – Corporate and if required by the management
People management – Maintaining the entire Team in good spirit, allocating work among colleagues, taking periodic review of team work and discussion of the same with CEO.
Review and monitoring of secretarial compliance towards companies act and other applicable
Procedures like Company Formation, Profession Tax & Vat Registration, Shop Licenses, Preparation and submission of applications to Financial Institutions for financial assistance in form of Term Loans, Short Term Deposits and timely follow up for necessary sanctions, documentations and disbursements. Finalization of accounts, divisional & branch accounting.
(Speed Remit Worldwide FZCO ) Dubai (Funds Transfer Bank/Company) :
Reporting to CEO
Designation – Sr. Manager – Accounts Finance & MIS From April 08 to Nov 2010
Internal Audit of the ALL system Entries generated, Book of Accounts, Daily Entries passed.
Preparation of Daily / Monthly & periodic MIS Reports, Yield analysis, Income variations analysis & monthly comparison reports.
Analysis of Bank Reconciliation for all Global Agents/Foreign Bank Accounts in MultiCurrency & USD Accounts.
Liasoning with all Foreign banks for resolving queries in Bank reconciliations and problems in wrong transactions debited and credited and need of statement of account and follow up the same with them till query is resolved.
Foreign Bank Reconciliation of all UK Banks in GBP/USD/EURO Currencies.
Analysis of MIS reports and informs all the variations to the management.
Liasoning with IT team for co ordination and developing of new software system, with reports module & also implementation of live Agents.
Accor Radhakrishna Corporate Service P Ltd. Thane :
Designation Assistant Manager – Finance June 2007 – March 08
Restaurant Vouchers Business (Major Job Profile in brief)
Controlling entire operation of Accounts and Finance
Verification and releasing of Vendor payments / cash payments Authorization
Accounts Payable Control and overhead and profitability analysis
Receivables management – Follow up with Customers and Branches & Reconciliation
Banking transactions & Electronic Funds Transfer from Various Banks.
Preparation of monthly reports and MIS reports.
Control of Bank Funds transfer and fund investment & Bank Reconciliation
Working on Tally 9.0 Accounting system
Controlling Inter Branch Accounting and reconciliation with branches
Handling Audit and Statutory Compliances like service TDS,FBT, Service Tax
Team of 8 persons reported to me
Hiranandani Group of Companies :
(Lakewood Malls Pvt.
Ltd).
Designation Assistant Manager – Accounts & Commercial Jan.2006 – June 2007
( Haiko Supermarket/ The Loft / Culture Shop)
Retail Industries Accounting (Major Job Profile in brief )
Worked as a HOD for accounts handling 6 different Retail Super market and lifestyle stores formats in Mumbai and Hyderabad.
Verification of Suppliers Margins / Terms and conditions for FMCG purchases.
Sourcing of store income thru various modes / Recovery from Corporate sales Debtors
Verification and releasing of Vendor payments / cash payments Authorization.
Banking transactions/ Daily sales collection and accounting/Control of Treasury dept & Electronic Funds Transfer from Various Banks.
Vendor and customer accounts reconciliation.
Control of Bank Funds transfer in all Units and Branches at Other Places.
Handled other administrative work related to the Accounts and finance.
Physical Stock Verification of floor stock and Distribution Centre (Inward).
Audit of Logistics department (DC) for incoming and outgoing FMCG.
Audit and Verification of Material Return to Suppliers and system entries.
Controlled Inter Branch Accounting / Issue of gift vouchers/credit notes to customers
Interaction with Auditors of Day to day Queries and Finalization of Accounts and consolidation of Balance sheet, analysis of Profitability per Store and reporting of MIS.
Handled Annual Audit and other Statutory Compliances.
Total 18 No of Accounts Staff Reporting to me (Accounts/Cash Dept.).
Voltas Ltd. :
Assistant Manager Finance and Commercial Nov. 2003 – Jan 2006
Work Profile :
Accounts finalization and inter branch accounts reconciliation
Handling bank transactions and arranging for funds to make payment to vendors
Preparation of acceptance and clearing bank hundies, bills discounting
Vendor and customer accounts reconciliation
Handling of Accounts and tax audits Imports Transactions
Preparation of monthly MIS reports for the management
Handling other administrative work related to the finance and commercial department
Worked on ERP and SAP Environment.
UAE Exchange Center LLC, Main Branch, Abu Dhabi, UAE :
Asst. Manager – Operations (Foreign Exchange) July 2002 – Oct. 2003
Work Profile :
Handled the Marketing of Product at Different areas within the country and transfer of customer funds to countries across the world through bank account & Issued bank drafts and express money in various currencies
Managed collection of cash from branches
Disbursed cash transferred or received within UAE via funds transfer by customers from different branches within UAE, Saudi Arabia, Oman, India, Pakistan, Bangladesh and other European countries
SKOL Breweries Ltd. (Shaw Wallace & Group Companies) :
Asst. Manager (Head of Department – Stores ) Aug. 1990 – June 2002.
Work Profile :
Handled accounts finalization and preparation of Trial Balance, P/L a/c and Balance Sheet
Monitored bank and cash transactions, and handled work related to statutory and tax audits
Undertaken sales tax and income tax assessment
Independently handled the computerized store inventory control system
Inspected material and undertaken periodic physical checks to reconcile the books and records for any variances. Quotation for Sales of Scrap etc, verifications and finalizing vendor for sale of scrap.
Maintained reorder and minimum inventory levels at plant
Coordinated with purchase and accounts, and prepared periodic stock control reports
Handled the EDP department, which included maintenance of hardware and software, networking system and ERP system for group companies
Supervised matters relating to company share transfer and AGM
Prepared wages for factory workers and salaries for staff and executives
Timely maintenance of entire computerized accounts and generation of various reports
Involved with the project for developing a new ERP system for the company
Natasha Constructions Pvt. Ltd. :
Executive – Accounts and EDP Jan. 1987 – Jul. 1990
Work Profile :
Maintained books of accounts for three construction companies
Handled accounts finalization and preparation of Trial Balance, P/L a/c and Balance Sheet
Monitored bank and cash transactions, and handled work related to statutory and tax audits
Undertaken sales tax and income tax assessment
Monitored stock position at various construction sites
Handled the computerization of accounts of all three companies
EDUCATION :
YCMOU University, Nashik (Affiliated to IGNOU) 2004 MBA – Finance Mumbai University 1984
B. Com. GDC&A First Class 2011 (Govt. Diploma in Co. Op. & Accountancy)
PROFESSIONAL DEVELOPMENT :
Undergone a Diploma in Income Tax from Daver’s College of Commerce, Mumbai
Diploma in System Analysis and Design from Deluxe Computer Academy, Thane
Professional Diploma in Oracle 7.1 from Boston’s Computer Institute, Panvel
Professional Advanced Diploma in Oracle 7.3 from Clover’s Oracle Institute, Pune
Undergone training in ISO 9002 requirements for manufacturing unit and internal auditor, at Shaw Wallace
Attended training in ISO 9001 :2000 for finance and commercial at Voltas Ltd.
Undergone training in Internet at Shaw Wallace & Co.
Attended an Integrated Personality Development program by Patel Roadways
As part of MBA project, written a thesis on ‘A Dividend Policy and Practices for Indian Textile Industry’
Attended SAP Training Program at Voltas Corporate Office , Mumbai
COMPUTER KNOWLEDGE :
Proficient with the use of Windows, MS Office and the Internet, ERP, SAP, TALLY 8.1
STRENGTHS :
Dedicated and hardworking with an ability to take up responsibilities
In-depth knowledge of Indian accounting standards and prevailing laws
Strong knowledge of banking and logistics functions
Strong leadership, communication, presentation and interpersonal skills
PERSONAL DETAILS :
Mother Tongue : Marathi
Languages known : English, Hindi, Marathi and Gujarati
REFERENCES :
Will be provided when needed
DATE :
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