Accounts Payable Manager

SARIKA SHARMA

Mobile: +91-981*******

E-mail: *************@*****.***

SUMMARY

. Nine years of work experience in Accounts Payable, Employee

Reimbursement, Budgeting, Inter-Company, GL Accounting &

Reconciliation, Vendor Management, Provisioning and Various functions

including finalization of Profit & Loss account and Balance Sheet

Schedules, MIS and Stock handling. With Luxury Retail, Multinationals,

FMCG, Manufacturing and Trading Companies.

. Abreast of emerging Business Processes.

. Strong Process Orientation and System Ability.

. Maturity and Creditability to Influence Business Stakeholders.

. Always keen to take challenges and ability to handle work pressure.

OBJECTIVE

To obtain a middle level/upper level position with responsibilities include

Accounts Payable,GL Accounting, Managing Stakeholders, Problem solving,

Organizing, Planning, Budgeting and utilizing 9 years of demonstrating

success and accomplishment.

EDUCATION

. MBA with Specialization in Finance from Indira Gandhi National Open

University, Delhi.

(2008~2011).

. Bachelor in Commerce from Mata Sundri College (Full time), Delhi

University (2002 - 2005).

. Bachelor in Computer Application from Indira Gandhi National Open

University, Delhi

COMPUTER LITERACY

Worked on ERPs- SAP, Great Plains -Australian Software and Exposure to Work

on Banking Software.

EXPERIENCE

LVMH Watch & Jewellery India Pvt. Limited.(Retail channel of Luxury brands

like Tag Heuer,Dior and Zenith.) worldwide renowned as" Louis Vuitton Moet

Hennessy".

Assistant Finance Manager - based in Delhi looking overall accounting

operations -reporting to Chief Finance officer - (Feb'11 to Till Date).

. Accounts Payable - Controlling Accounts Payable within the Company

level. Ensuring timely, accurate and authenticated booking of Invoices

with TDS and other taxes implication. Ensuring timely payment to

vendors. Meeting with Vendors for Standardization of processes.

Handling Vendor Reconciliation and ageing. Supporting in monthly

closing of books including preparing schedule of expenses,

provisioning, accruals, pre-paid expenses etc. Supporting in

interaction with Statutory Auditors, Tax Auditors and Internal

Auditors to ensure smooth closure of Audits

. Expense Reimbursements - Processing and releasing expense

reimbursements for employees as per the applicable process and

regulations as amended from time to time.

. Payroll - Payroll processing from end to end including payroll related

reimbursements, various reconciliations including all applicable

compliances including but not limited to PF, NPS, ESI, Gratuity etc.

Recording related entries & reconciliations. Managing and tracking

employee advances and their recovery.

. Purchases: Booking of purchases in ERP System .Allocating landing cost

to the import goods and make the good arrive to the actual purchase

cost to company to sale in the Indian market.

. Banking & Payments: Interacting and communicating with banks for

custom duty payments, Tax Payments, Online Payments, International and

Intercompany Payments.

. Finalization of Accounts: Finalizing the books of Accounts on periodic

bases-Profit and Loss account, Balance sheets.

. MIS Reporting - Reporting various kind of reports directly to Head

Quarters such as KPI sell out reports, monthly P & L reports, Sales

Reports,Inventory Reports, Marketing Expense Reports, Customer Ageing

Report, vendor ageing report.

. GL Accounting and Reconciliations - Preparing various Journal entries

and reconciliations of ledgers on monthly basis. Ensuring accurate GL

accounting of Prepaid Expenses, Accruals, depreciation, Payroll

entries.

. Budgeting - Preparing and finalizing HR budget and Budget for all

payable expenses.

. Review and Analysis - Reviewing and analyzing expense trends and

variances and accordingly reporting to the Management.

. Inter-Company - Booking of Inter-company invoices and releasing

payments to the Intercompany. Monthly reconciliation of Intercompany

statements and reporting the same to management on monthly basis.

. Capital Expenditure- Handling capital expenditure and management of

assets of entire company. Booking of Capex invoices in system with the

prior approval of Top Management and Making various reports with

updated figures on Capex periodically.

. Accruals& Monthly/Yearly Financial Closing - Ensuring accurate and

timely closure of expense in month end closing process. Ensuring

timely completion & review of monthly P&L, balance sheet schedules and

accurate financial closures.

. Statutory Audit - Coordinating for quarterly transaction audit and

ensuring all observation / issues sorted within the quarter.

Supporting auditors for final closure books, preparing various expense

schedules. Ensuring completion of audits with less issues and with the

smooth level.

. Centralized payment process (AP).

o Processing payments within 7 working days and urgent payments

within 3 working days

o Leveraging systems for on-line work-flow as well as ERP to monitor

AP service levels & continuously improve cycle times. Drive systems

development in AP.

o Ensuring and adhering of all invoices accounting as per authority

matrix and as per Agreements.

o Taking active initiatives to Drive process improvements at Accounts

Payable .Maintaining and suggesting the Accounts Payable

Policies/Procedures and Process Flows.

. Customer Interface & Process improvement

o Interacting with large number of internal customers & external

vendors to continuously Participate, Accelerate, and Innovate.

o Partnership with other Finance Teams and support to deliver various

MIS reports related to AP.

NESTLE INDIA LTD., NEW DELHI, INDIA (Feb'09 to Feb'11)

Finance Executive: - Based in Delhi H.O looking overall accounting

operations -reporting to Manager.

. Accounts Payable - Controlled Accounts Payable within the Company

level. Ensured timely, accurate and authenticated booking of Invoices

with TDS and other taxes implication. Ensured timely payment to

vendors. Meeting with Vendors for Standardization of processes.

Vendor Reconciliation and ageing. Support in monthly closing of books

including preparing schedule of expenses, provisioning, accruals, pre-

paid expenses etc. Support in interaction with Statutory Auditors, Tax

Auditors and Internal Auditors to ensure smooth closure of Audits

. Expense Reimbursements - Process and release expense reimbursements

for employees as per the applicable process and regulations as amended

from time to time.

. Prepared various MIS reports.

. Reviewed the monthly expense trend for major expense heads.

. Prepared report for variance analysis of expenses-budgeted Vs actual.

. Handled reconciliation of expenses on monthly basis.

. Handled reconciliation of vendor accounts on periodic basis.

. Maintained quarterly balance confirmation from vendor.

. Handled regular analysis of vendor ageing - initiate management

approvals for write back/carry forward decision as per the company

Policy.

Key role in month end closing activity:

. Ensured timely and timely provisioning of expenses.

. Review and control of provision account on monthly basis for all the

branches and follow up for clearance of provision on timely manner.

. Preparation of report on variance with proper reason and sharing with

management.

SONY INDIA PRIVATE LIMITED, NEW DELHI, INDIA

Senior Accounts Officer from May'05 - Jan'09.

. Controlled accounts payable within the company level.

. Handled cost to cost analysis on relevant work areas.

. Handled timely releasing of scheme payouts to channel partners at all

India level.

. Handled timely releasing of Stock Compensation Payout to channel

partners of company at all India level.

. Prepared monthly expense analysis trend for major expense heads.

. Prepared category wise budgetary analysis control and comparison of

forecast and budgeted figure.

. Ensured proper check on advertisement Expense at HO Level.

. Ensured timely and accurately category wise preparation and

maintenance of records of commission/Incentives given to authorized

dealers of company.

. Prepared reconciliation of vendor accounts on periodic basis.

. Controlled and maintained quarterly balance confirmation from vendor.

. Maintained regular analysis of Vendor Ageing - initiate Management

Approvals for taking write back/carry forward decision as per the

company policy at all India Branches level.

. Handled Asset Management -acquisition of assets/internal

consumption/transfers.

ADDITIONAL

. Recognized and awarded by Sony for best initiative and for strong.

. Awarded by Sony for best performance in accounting conference-

employee meet.

. Promoted in LVMH from Finance Executive to Assistant Finance

Manager for handling Work pressure and for handling the work of

Finance controller when company was short of manpower within a year

only

. Initiated the processes and various kind of SOPs required for

relevant work areas.

. Standardized the monthly reporting to various departments to ensure

the accurate accounting to maintain the accurate profitability of

the company.

. Drives and introduces the new processes in the company.

PERSONAL DETAILS

. Marital Status - Married.

. Husband Name - Mr. Manish Sharma.

. Date of Birth - 17-8-1985.

. Resident address - D-142, Jhilmil Colony, Delhi-110095.

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