Management Accounting

SANDEEP VIJAY PAWASKAR

E-mail: ************@*****.**.**; Phone: (M) +91-986*******

Room No.10, Bhiku Niwas, 161, L.J.Road, Mahim (West), Mumbai-400016, India.

Profile Snapshot:

M.B.A. Finance having 18 years of experiences in Management Accounting, Variance Analysis, Budgeting & Forecasting, SOX Compliance, Team Management, Accounts Payable Management, Accounts Receivable Management, Fund Management, Shipyard Accounting, Integrated Services Accounting, MIS Reporting and Preparation of Schedules for Financial Statements.

Lead & mentored a team of new recruited Accountants in overall Finance & Accounts profile.

Key members in transitioning to Centralized Shared Service Accounting Hub in Mumbai from different locations.

Cost Controlling & Accounting of various Shipyard project (Project size $40M).

Budgeting & Forecast and monthly analysis of budget with actuals, analysis of variance for various rigs in Asia.

Lead and mentored Accounts Payables team as an AP supervisor in vendor invoice processing & maintaining a good DPO (Daily Payables Outstanding).

Proficient in Oracle, People soft, Tally and MS Office. Working knowledge of SAP.

Worked as a part of a multi culture organization.

Closing of books as per US-GAAP.

Awards and Key Achievements:

Appreciated with Managing Director Recognition award at Transocean in 2012.

Recognized with “Best Accountant” award for two consecutive years, 2010 and 2011.

Started as an Accounts Payable Clerk & got promoted at various levels and reached the level of Senior Accountant at Transocean Group.

Identified inconsistencies in Invoices submitted by vendor which in turn lead to cash savings for the company and the same was appreciated by Management.

Organizational Experience:

Transocean (Powai, Mumbai).

Senior Accountant: (Oct’ 2013 to Present)

Trained & supervised a team of newly recruited accountants in SOX Compliance, Budgeting & Analysis, People soft & company policies.

Lead transition of Centralized accounting hub to India (Asia Hub) from Indonesia.

Balance sheet analysis, Rig accounting & Variance analysis for India, Singapore, Indonesia, Malaysia, Vietnam and Australia.

Responsible for cleanup of appreciable amount in the Balance Sheet.

Responsible for budgeting and forecasting for designated cost centers across various locations.

Responsible for ensuring compliance to SOX and internal control compliances for Accounting Hub.

Ensuring timely closing of books every month and reporting for the same

Assisting management by providing MIS reports.

Review of Monthly Tax Compliance.

Accountant for India and Middle East division: (Jul’2008 to Sep’2013)

Cost Controlling & Accounting of various Shipyard projects in Asia (project size > $40M).

Weekly project reports, weekly review meeting with project team and presenting weekly financial numbers and variance analysis.

Accounting of Integrated Service projects.

Preparation of Budgets & Forecasts for designated cost centers in India.

Adhering to strict Month end accounting by day 4 following the close of earlier month.

Performing variance analysis for Actuals v/s Budget on Monthly basis.

Preparation & Analysis of Profit & Loss Statement and Balance Sheet on Monthly basis.

Training Operations team with the financial numbers of the associated rigs in monthly meetings.

Accounts Receivable Management: Ensuring & monitoring timely submission of invoices and follow-up till release of payment.

Fund management for India geography and ensuring its optimum utilization including Projection of cash flows.

Assistant Accountant (Jun’2005 to Jun’2008)

Supervised A/P team and improved the DPO (Daily Payables Outstanding).

Ensuring 3- Way Match to process outstanding supplier invoices.

Work out & Report inconsistencies in Invoices to Management & recovery of over invoicing amount.

Conducted Vendor reconciliation for invoices submitted against work performed & Scrutinized General ledger.

Assisted auditors by providing requisite reports and information to ensure compliance.

Prepared Bank Reconciliation Statement and assisted Managers with various month end related entries.

Computation of Service Tax, TDS, Profession Tax, Provident Fund

Accounts Payable Clerk (Oct’2002 to May’2005)

Day to day Accounts payable work starting from accounting entry till final payment run with thorough review of invoices as per company policies, Contracts, Authority Limit Matrix along with Vendor Reconciliation.

Prepared TDS, Profession Tax & Provident Fund challan.

GE Countrywide Consumer Financial Services Ltd

Accounts Executive from Sep’ 2000 to Sep’2002 (2 years & 1 month)

Prepared Balance Sheet Schedules for Schedule VI.

Co-ordinated with Internal/Statutory Auditors for timely completion of the Audit and resolved audit issues.

Prepared Bank & Remittance In Transit (RIT) Reconciliations on monthly basis.

Day to day Accounts payable work starting from invoice booking & managing vendor payment processing.

Durga Paints (Sep’1997 to Aug’2000)

Accounts Executive from Sep’ 1997 to Aug’2000 (3 years)

Maintained books of accounts in Tally & timely posting of entries and monthly closure.

Maintained Purchase register, Sales register, Cash book, Debtors register and Creditors register.

Prepared Sales-Tax, Professional-Tax and TDS Return.

Assisted in the finalization of accounts (Balance sheet, P&L).

Education:

Course

University/Institute

Year of Passing

Percentage

MBA in Finance

Indian School of Business Management

November 2012

86.00%

Bachelor in Commerce

D. G. Ruparel College, Mumbai University

April 1997

63.28%

Higher Secondary Certificate[HSC]

D. G. Ruparel College, Maharashtra Board

March 1994

72.83%

Secondary School Certificate[SSC]

Balmohan Vidyamandir, Maharashtra Board

March 1992

80.00%

Personal Details:

Date of Birth

:

6th July,1977

Marital Status

:

Married

Languages Known

:

English, Hindi, Marathi

Personal Interests

:

Reading, listening Music, Playing cricket.

Contact this candidate