Accounts Payable Project Accounting

Resume

Naresh Shridhar Kadam. Email: ad7nve@r.postjobfree.com

L1/15, Spaghetti Complex, Contact no. 842-***-****; 773-***-****

Sector 15, Kharghar, Passport no. P6791333

Navi Mumbai- 410210.

Career objective:

In my career, I am looking for a challenging role in Finance/Accounting/Costing/ Project Accounting where I can get the opportunity to take independent ownership of various assignments by implementing accounting principles, my own logical skill and knowledge of many other areas of business, directly into the progress of Organization.

Academic Qualifications:

B.Com. Graduate from Mumbai(India) University.

MBA in Finance.

Appearing for ICWAI-Inter.

OVERALL EXPERIENCE AND ACHIEVEMENT

Having rich experience in multiple functional areas in Manufacturing Firms.

Achieved valuable experience and knowledge in multiple functional areas of work. In accounts, have exposure to Accounts Payable, Costing, Project/Fixed Asset Accounting, Import-Export Accounting, Taxation, Pay-Roll processing, etc.

Currently working in Accounts & Finance with Deepak Fertilisers & Petrochemicals Ltd. since 2012, which is engaged in manufacturing of Fertilizers, Ammonium Nitrate, Methanol, Nitric Acid, IPA.

Previously worked as Accounts Executive with Galaxy Surfactants Limited, which is engaged in the Skin Care, Baby Care and manufacturing of Surfactants.

Skills:

Good knowledge of accounting and corporate financial accounting system.

Proficient knowledge of Income tax, Sales tax, Service tax.

Well versed with ERP System i.e. SAP.

Ability to work independently in a fast paced and high volume.

Emphasis on accuracy and timeliness.

Well versed with proper methodology for calculations.

Positive attitude and Friendly nature and like to work in team environment.

Resolve complex problems both from a system and logic perspective.

Always ready to learn new things even outside of work areas.

Organize thoughts and ideas into understandable terminology.

Have Sense of responsibility & Confidence in handling work.

Share ideas, suggestions, and opinions to sort out issues.

Contd…

WORK EXPERIENCE

Company : Deepak Fertilisers & Petrochemicals Ltd. ; Location : Taloja, Panvel.

Designation : Assistant Manager Accounts and Finance.

Period : July’2012 to till date.

GENARAL / LEDGER ACCOUNTING / FINALISATION /MIS

Accounts Payable and Vendor management in a timely and efficient manner.

Oversee all aspects of Accounts Payable to update in SAP-FICO Module.

Ensure proper methodology for calculations and proper supporting documentation.

Review data from the general ledgers, unit reports and system to ensure accuracy.

Carry out account reconciliations, obtaining vendor balance confirmations.

Monitor regularly book-keeping to meet all Rules and Compliances of GST.

AP ageing analysis, action plan to clear open items.

Monitoring and reporting balances with specified vendors.

Ensure timely closure of all pending differences.

Review of bank reconciliations and ensure follow up of outstanding items.

Track transactions and monitor accounts to ensure payments are up to date.

Assess queries from Suppliers and Ensure payments of Suppliers invoices.

Ensure payments are processed as per withholding tax (TDS), GST/ RCM.

Track with advance payment & settlement.

Proper control over Release of Bank Guarantee, Retention Money.

Invoice verification against service entry sheet as per Statutory Compliances and P.O. terms like retention money, ABG, PBG & LD clause.

Ensuring the process of 3 way P.O. matching invoices.

Support and attend queries for all accounting related audits including compliance, internal, external, and lead special projects as needed.

Assist in implementing continuous process improvement and efficiency initiatives.

COST & MANAGEMENT ACCOUNTS /MIS

Perform cost center review and rectify wrong cost centers.

Preparation of cost sheet & pricing of product.

Variance reports i.e. raw material, Utilities, Packing cost, Labour cost, Fixed cost, etc.

Ensure variances are accurately documented and, judgments are sound and accurate.

Review to ensure balances agree to supporting documentation.

Review to ensure schedules and formulas are mathematically accurate.

Comparative cost sheet of the product i.e. Standard vs. Actual.

Preparing monthly / quarterly budgets.

Preparing report for Budgeted vs Actual for Capex of various plants.

PROJECT & FIXED ASSET ACCOUNTING / CAPITALISATION

Independently handling capitalization up to finalization for all plants & coordinating with concern person of the project for completion report of the project.

Analyzing project reports and interpreting accounting data.

Contd…

Verifying internal consistency, completeness and accuracy of project data.

Reviewing contract terms to ensure project setup generates appropriate results.

Generating CWIP & Internal Order Number in SAP, making follow-up for approval.

Timely processing of Capex proposal & issuing the same to the stakeholders.

Reviewing client invoices to ensure they are in accordance with the contract terms.

Monitoring project balances on Accounts Receivable, Work-in-Progress.

Passing ad hoc journal entries and analyzing project account ledgers.

Ensure Fixed Assets Bill Booking for Capitalisation.

Calculation of depreciation for all Plants as per Company & Income Tax act.

Preparing report for Budgeted vs Actual for Capex of various plants.

STATUTARY COMPLIANCES/TDS/SERVICE TAX

Good Knowledge in TDS/TCS, previously VAT/ WCT & Excise and now GST.

Proper Utilization of Service Tax Credit and its accounting in the system.

Verification as per service tax rules like reverse mechanism and the amendments applied by Central Government.

Well aware of IT rules regarding TDS on salaries and Contractor payments.

Preparing estimated Tax statement of employees, monthly remittance of TDS.

Filing quarterly e-Returns

VAT – Calculations of VAT refund/liabilities and filing e-returns for claim.

Adhering the statutory norms pertaining to compliance as per the provision of PF, PT, ESIC, TDS deductions of Salary & other than Salary, WCT.

PREVIOUS WORK EXPERIENCE

Company : Galaxy Surfactants Limited ; Location : Taloja, Panvel.

Designation : Accounts Executive.

Period : January’2010 to July'2012

Responsibilities included:

GENARAL ACCOUNTING

Worked in Accounts Payable in SAP accounting system.

Invoice Verification as per PO Terms, Statutory Compliances etc.

Booking Invoices of Domestic Transactions as well as Import-Transactions through MIRO & FB60 Codes in SAP.

Vendor payments through SAP with the due diligence procedures.

Handling Ledger Scrutiny of Accounts.

Monthly GR/IR reconciliation and taking necessary steps to close pending issues.

Monitoring and Maintaining of Funds.

Preparing Fund Utilisation Statements, Bank Reconciliation Statements.

Processing & Monitoring of Bank Payments, Co-Ordination with Bankers.

Proper Utilisation of Service Tax Credit and its accounting in the system.

Release of Bank Guarantee, Retention Money and Issue TDS Certificates on due dates.

Attaining Statutory and Internal audits and resolving their queries.

Weekly Bank Reconciliation & Debtors – Creditors Reconciliation.

Contd…

ASSET ACCOUNTING

Project capitalization and fixed asset accounting in SAP.

Timely processing of Capex proposal & timely issuing the same to the users after getting approval from authorities with CWIP & Internal order number in SAP.

Proper accounting of expenses to CWIP A/c & capitalised the same in time after getting Put to use report from user.

Budgetary Control, allocation and releasing budget for Capital/Revenue expenditure in line with the due diligence procedure.

IMPORT ACCOUNTING

Verifying Documents related to Site as well as L.C.-Payment against Import.

Verifying Import documents like Bill of entry, Bill of Lading/Air-way Bills, Certificate of Origin, Transportation & Insurance of Goods.

Having proper control over payment-settlement against Import Clearing Invoices & CIF-Invoices.

Verifying A1 & A-2-Form against the essential documents sending to the Bank for making payment to Overseas vendor.

Payment-settlement against Import Clearing Invoices & CIF/FOB -Invoices.

TDS/ SERVICE TAX

Well aware of IT rules regarding TDS on salaries and Contractor payments.

Good Knowledge in TDS/TCS, previously VAT/ WCT & Excise.

Calculation & filing of TDS, Service Tax, Sales Tax, Profession Tax & E.S.I.C.

Preparing estimated Tax statement of employees, monthly remittance of TDS.

Calculations of tax refund/liabilities and filing e-returns for claim.

Verification as per service tax rules like reverse mechanism and the amendments applied by Central Government.

Proper Utilization of Service Tax Credit and its accounting in the system.

Compilation of data of service tax for payment of service tax along

Release of Bank Guarantee, Retention Money and Issuance of TDS Certificates.

Adhering statutory norms pertaining to compliance as per the provision of PF, MSPT, ESIC, TDS deduction of the salary & other than salary.

COMPUTER KNOWLEDGE

Having sound knowledge of SAP-FICO of finance module.

Involved in implementation SAP-HANA in Accounts Payable.

Hand on experience of all the functions eg. entries, posting, reports and maintenance of the software.

Expertise in Micro Soft Office i.e. Word, Excel, Power Point.

Knowledge of accounting system Tally 9.

English Typing Speed 30 W.P.M.

Contd…

OTHER AREAS OF INTERESTS

Listening Music.

Reading.

Travelling.

Making Friends.

Playing Cricket, Badminton, chess and Table Tennis.

Thanks & Regards

(Naresh S. Kadam).

Contact this candidate