Accounting Accounts Payable

ANAND CHAUDHARI

Contact: +91-989*******

E-Mail: *****.*********@**********.*** / *****.***********@*****.***

Middle Management Professional

Finance & Accounts

PROFILE SUMMARY

A focused professional with nearly 22 years of experience in:

Finance & Accounts Accounts Payable Inventory Valuation

GL Reconciliation MIS Liaison & Coordination

Proficiency in managing financial accounting, receivables & payables management, ledger books, bank reconciliation statements and reporting.

Excellence in formulating accounting systems and preparing accounting records/financial statements

Pivotal in making proper optimization of funds resulting in savings of 3 MINR.

Functioned as a Team member for reducing Inventory (Six-Sigma Project)

Successfully managed business transformation wherein process of ERP was streamlined and upgraded; served as a Financial Team Leader and coordinated with Finance and other Depts.

Sound Knowledge in preparing financial statements including trial balance, reconciliation reports, profit & loss account, age-wise accounts payables & receivables statements and balance sheets

Skilled in streamlining working procedures, formulating cost effective solutions for enhancing accounting operations

An effective communicator with excellent relationship building & interpersonal skills

CORE COMPETENCIES

Preparing and following up of accounts receivables after invoicing to debtors, conducting ageing analysis with an aim to keep receivables under control and collections of payments, etc.

Ensuring that all payments are made within the stipulated time frame and managing accounts payable within the pre-set parameters and responsible for accounting of rejections and reconciliation, etc.

Implementing systems, procedures for preparation & maintenance of statutory books of accounts & financial statements, ensuring compliance with statutory requirements

Performing analytical review of financial statements and evaluation of internal control systems for carrying out internal / statutory/ tax audits /government audit / management audit and special audit

Processing accounts payables-ageing of creditors/payables, releasing the payments as per terms/conditions, also administering payroll policies to ensure timely compliance with statutory obligations

ORGANIZATIONAL EXPERIENCE

Since Jun’15: ETG Parrogate FZC, Dubai as Accountant (based in Pune India)

Key Result Areas:

Supervising:

oSales accounting & following-up for outstanding payments with external customers

oPurchase accounting & following up with suppliers for outstanding debit & credit notes

oMonthly closing of books of accounts.

oMonthly reporting for management.

oIntercompany reconciliations.

oConsolidation of monthly reports of 5 companies.

oJoint Venture reporting. (Olam & Continental Ginnery Limited)

oInternal auditing of Zambia Accounts (Sales, Purchase, Bank reconciliations & checking for Interest charged by banks on OD facilities)

Feb’13 – Oct’14: Continental Ginnery Limited, Lusaka Zambia as Finance Manager.

Key Result Areas:

Managed monthly payroll for Local Staff

Supervised day-to-day office administration & upkeep of estate

Day to day recording of accounting transactions.

Doing follow up with the customers for outstanding receivables.

Coordinated with Government authorities for VAT audit & External Auditors for finalization of Accounts & other statutory requirements.

Jul’94 – Feb’13: SKF India Limited, Chinchwad Pune as Deputy Manager– Finance

Key Result Areas:

Accounts Payable & Accounting:

Supervised a gamut of activities including:

Daily liability creation for accepted material

Suppliers’ ledgers scrutiny

Raising of debit notes on suppliers for rejections, penalties and discount

Recovery of advances / debit notes

Processed bill for domestic suppliers

Established good relationships with service providers & vendors

Performed suppliers account reconciliation

Conducted monthly ageing analysis of creditors & worked on open items

Inventory Accounting:

Performed valuation of Stores & Spares, Raw material and Raw material sent to sub-contractors

Ensured posting of all transactions such as receipts, issues & consumption posted by the Stores Person in ERP System at month-end

Supervised manufacturing imported material acceptance in ERP System

Managed reconciliation of stocks of raw material, shop supplies & material lying with sub-contractors for 3 manufacturing locations in India (Pune, Bangalore & Haridwar).

Treasury:

Received quotes/rates from various banks for term deposits

Placed surplus funds in term deposits

Fixed rates with bankers for Foreign payments, if borrowed from INR Account

Accounting for Interest & Cluster

Fund Accounting:

Supervised:

oClearing of transfer in cases

oSettlement of PF transfer out and withdrawal cases

oInvestments for PF SA & Gratuity

oSettlement of superannuation withdrawal cases

Clearedtransfer IN / Out cases for superannuation

Excise, Sales Tax & Service Tax:

Sound knowledge about RG 23 Part I, Part II & RT 12, Cenvat& Customs and VAT & CST

Achievements:

Instrumental in setting-up discounting scheme for suppliers in ERP System

Functioned as:

oTeam Member in two Six-Sigma Projects

oActive Team member & Project Leader for one of the manufacturing plant in India for Automatic Bill processing (Group Project)

oTeam Leader Finance for ERP implementation for Three Manufacturing Units in India.

Served as Active Member in:

oImplementation of ERP System in Bangalore unit

oSix-Sigma Project for reduction in inventories

oFinance Process Development Team for procurement process

Contributed in delivering support in the implementation of Group ERP (MAPICS & SARA) system which resulted in Automated monthly & yearly reporting.

Bagged 3 awards in year 2006 & 2007.

Year 2006- Outstanding contribution as a member of Core Finance Team.

Year 2007- Outstanding contribution as a member of SARA (Group ERP) implementation team.

Year 2007- Finance Team member of reporting Team.

Bagged 6 Certificate of recognitions in Accounts Payable area & ERP implementation at Bangalore factory.

INITIAL EXPERIENCE

Nov’92 – Jan’94: Bajaj Auto Finance, Akurdi Pune as Accounts Trainee

PROFESSIONAL QUALIFICATIONS

DTL (Diploma in Taxation Laws) from Symboisis Institute Pune, Pune University in 1993

B.Com. (Bachelor of Commerce) from Garware College of Commerce Pune, Pune University in 1992

PERSONAL DETAILS

Date of Birth: 7th April 1971 Passport No. N0502355

Address: Flat No. - 3 Akashdarshan Co-op. Hsg. Soc., Plot No. 76, Rambaug Colony,Paud Road,Pune - 411038

Languages Known: English, Hindi and Marathi

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