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Life Insurance Accounting

October 29, 2019

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Madanlal Kumawat

B-**, Shivajinagar Housing Society

Bhaudajiroad Sion (West) Mumbai – 400022

Contact No- +91-932*******

Mail Id –

Skype Id –madanlaalkumawt


To work in challenging situations in finance with growth oriented organizations

Personal / professional growth while contributing to the company goals and progress

Professional Qualification:

Master of Business Administration –Finance (Two years –Full Time) from “Tilak Maharashtra Vidyapeeth University” at Navi Mumbai in 2008

Academic Qualifications:

B.A from “M.D.S University” at Ajmer in June 2006, Secured Second class with 58%

Higher secondary education from “Board of Ajmer” May 2001, Secured second class with 59.5 %

Secondary education from “Board of Ajmer” June 1999, Secured second class with 57.50%

Work Experience

Working as “Associate Analysis” with Colgate Global Business Services Pvt.Ltd.-100% Subsidiary company of Colgate –Palmolive Company-USA –Mumbai from 23th March 2015.

●Handling overall payable department of Colgate-Palmolive India Ltd.

●Processing invoices of domestic & overseas suppliers.

●End to end process of imports A1 & A2 (checking, querying, accounting & payment process )

●Process the payment of custom duty and other.

●Reconciliation of Bank, creditors, intercompany & other GL ledger.

●Coordinate with plants and resolve the queries and also handle SRS tickets of request.

●Passing entry relate to retention money, maintaining detail of LC & bank guarantee

●Processing of direct, indirect expenses ( P.O & Non P.O Expenses )

●GRIR clearing and scrutiny of open GR reports/GL account through SAP, ageing invoice such as prepaid expenses, outstanding expenses etc.

●Checking of all input credit of GST, RCM etc.

●Deducting TDS to various vendors and also keeping a tab on payment.

●TDS working on monthly basis like reverse the tds on advances against invoices, tds rate correction and its calculation.

●Managing of advance payment and its knockoff on weekly basis.

●Reconciliation & scrutiny of vendor & ledger account on weekly basis.

●Preparing the open GRN & IR report on weekly basis and coordinate with particular plant.

●Ensure the timely closing of monthly entries in books of accounts & same is as per accounting policies & procedures normally followed in business.

●Working and accounting of provision and prepaid expenses on monthly basis.

●Preparing report relate to payable on weekly and monthly basis.

●Preparing of audit schedule and providing furnish information and explanation to internal and statutory auditors.

●Providing testing support in SAP during upgrade the system or change in any compliance of government.

●Providing GST testing & support in SAP .

●The company is using SAP-FI for accounting and Google for communication (mail).

Worked as “Account Executive & Compliance” with Tokyo Consulting Firm Pvt. Ltd. –Mumbai from 5th November 2012 to 20th March 2015.

●Managing day to day accounting like account payable, account receivable, general accounting, bank Reconciliation, direct & indirect expenses, bill processing, vendor payment etc. (Total Book keeping )

●Reconciliation of debtors, creditors, intercompany & other ledgers.

●Ensure the timely closing of monthly entries in books of accounts & same is as per accounting policies & procedures normally followed in business.

●Prepare the monthly accounting review of clients.

●Preparing of reconciliation of all input credit of service tax & Vat .

●Prepare the payroll of foreign and Indian employees and its income tax computation.

●Preparing of individual and company advance tax and process the payment.

●Coordinating with banks for L.C, Overdraft facility & Bank Guarantee.

●Processing payment of duties and taxes like Service tax, tds, Vat and CST, foreign remittance etc.

●Handling of e-filling of TDS Return, vat and cst return, service tax & profession tax etc.

●Computation of income tax and e-filling of return of companies and individual.

●Preparing balance sheet, Profit & Loss statement on quarterly, half yearly & annually.

●Preparing of weekly MIS & business reports.

●Making of annual budgets, variance report etc.

●Handling of statutory audit, vat audit (Form -704), income tax scrutiny and also helping auditors for doing smooth audit all over company.

●Preparing documentation of incorporation services like Vat Registration, Service Tax registration, Profession tax, issuing of from 16 and 16a, PAN /TAN application, FRRO registration for foreign client etc.

Worked as “Senior Officer –Finance” with DP World – Nhava Sheva International Container Terminal Private Ltd. From 2nd September 2011 to 2nd November 2012

●Handling domestic and international suppliers (checking, querying, accounting & payment process )

●Managing account payable along with import documentation.

●Periodic reconciliation of vendor’s balance and managing of month ending activities.

●Working and accounting of provision and Prepaid expenses on monthly basis.

●Calculating and processing prepaid expenses, accruals expenses, royalty, and interest on loan on monthly basis.

●Accounting of direct, indirect expenses, general accounting, intercompany accounting and other financial entities.

●Handling of taxation like tds, vat, service Tax.

●Preparing of audit schedule and providing furnish information and explanation to internal and statutory auditors.

●Preparing variance reports of all department and co-ordinate with them.

●Preparing of budgets, debtors, creditor’s reports and coordinate with them

●Assisting in preparation of bank reconciliation and coordinate with bank towards RTGS, foreign remittance etc.

●The company is using IFS financial accounting system (Oracle) with purchase and maintenance modules. The terminal operating system “NAVIS” with in-house developed software for handling special services.

Worked As “Senior Account Officer” with “Travel Port Holiday India Pvt. Ltd” Andheri from Nov 2009 to August 2011 Work involved

●Handing the day today accounting like bank reconciliation, purchase accounts, sales accounts, general accounts and reconciliations of debtors and creditors accounts etc.

●Manage account payable and account receivable.

●Oversee the general accounting processes of inter-company, fixed assets and accounting and financial reporting of all entities.

●Accountable for the annual physical inventory of all materials/stocks.

●Prepare the debtors, creditor’s reports and coordinate with them.

●Prepare the weekly & monthly MIS and reporting to vice President and Director.

●Prepare the fund flow and cash flow.

●Prepare department wise monthly sales budget and incentive sheets of all departments.

●Handling payroll function of more than 150 employees.

●Processing payment of duties & taxes like tds, service tax, professional tax, provided fund, Esic, Vat and CST.

●Interact with internal and external auditors in completing audits and prepare audit schedules.

●Handling finalization like balance sheet, profit & loss a/c, trail balance etc.

Worked with Birla Sun life Insurance Co.Ltd from June 2008 to Nov2009 as Sales developer Manager.

Internships, Training and Seminars

●Prepared the 3 months project with Bharti Axa life insurance company in sales department ( sold the life insurance products )

●Training on “Fundamental of Terminal operation” in NSICT Pvt. Ltd.

●Planning and Priority setting workshop .

●Training on “Basics in Capital markets” conducted by Bombay stock Exchange.

●A Seminar on Global services conducted by Institute of Business study & Research.

Personal Details

●Date of Birth - 11 January 1983

●Passport No - M6907019 ( Validate till 2025 )

●Languages Known - English, Hindi, German and Gujarati etc.

●Hobbies - playing and watching the crickets, gardening, visiting on adventure palace etc.

I here declare that the above mentioned information furnished by me is true to my knowledge

Name:-Madanlal Kumawat


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