BHUMIKA PATEL

Tel: +91-814******* E-Mail: adoe6d@r.postjobfree.com

Address: ***, ********** **** ***** *****, Jabalpur 482001 PROFESSIONAL SNAPSHOT

Chartered Accountant with 5.5 years of experience in the areas of Accounting, Auditing, Treasury, Financial Analysis & Compliance.

Worked with Reliance Group, Bangalore as Accounts Manager.

Proficiency in Bullion Treasury Division.

Exposure to Consolidation of Accounts of subsidiary companies.

Exposure to Finalization of accounts.

Exposure to SAP.

An effective communicator with excellent relationship building and interpersonal skills with proficiency in explaining complex financial data.

AREA OF EXPERTISE

Maintaining & preparing MIS reports to update top management on financial performance, profitability, market trends etc.

Analysis and Determination of implications of real time bullion and currency market.

Managing Bullion procurement local as well as import, price fixing and related daily reports.

Hedging and Risk mitigation activities (Forward contract buying & selling) to support business activities.

Preparing & maintaining books of accounts, trial balance and reconciliation of financial statements in compliance with the norms in ERP environment.

Preparing consolidated accounts of subsidiaries.

Determining the Accounts Payable position for making timely payments to creditors and the Accounts Receivable position for receiving timely payments from debtors.

Managing to work under pressure as the work is very critical.

Valuation of business reports and due-diligence. EDUCATION

Chartered Accountants from The Institute of Chartered Accountants of India in May 2007 (Articleship period Feb 2003- Jan 2006).

IFRS Course (International Financial Reporting Standards) from The Institute of Chartered Accountants of India in March 2011.

Bachelor of Commerce from Devi Ahilya Vishva Vidhyalaya, Indore in 2004. IT SKILLS: Well versed with MS Office, SAP & Internet Application. CAREER SCAN

Reliance Group –Reliance Retail Ltd., Bangalore Nov’08-Mar’13 As Accounts Manager Report to: CFO

Analysis and Determination of implications of real time bullion and currency market.

Accounting: Accounting of the receipt, issue and consumption of the bullion. Providing monthly Sales Tax data and the relevant documents to claim VAT credit.

Providing support to the project team by providing inputs on Cost, Profitability, etc.

Observation & Tracking of Gold Rate, Re.$ & related news to update management to take decisions.

Actively involved in

Determination of daily gold rates and sends it across to stores keeping in view the competitors’ rates.

Preparation of daily exposure report to determine the requirement of gold after considering the sales from stores and gold rates. Also find out the BEP at different levels and rates to take decision of buy/sell of gold/USD.

Fixation of rate for settlement of gold loan and forwards with treasury and compliance of related formalities.

Maintaining records and related documents of the Hedging Contracts and closure of the same on the due dates.

Analysis and calculation of requirement of funds for fixed deposits, price fixation, forward contracts cancellations and lease payments on the basis of online rates to avoid loss of interest on funds.

Analysis of requirement of gold and cost to procure it and issue to vendors looking to various criteria defined by management on the basis of orders raised.

Watch out the online rates to buy/sell the gold/USD.

Liaison with Treasury, Banks (Indian & Foreign).

Various Cost control initiatives undertaken- For ex. Migration from domestic vendor to direct import.

Involved in automation of the various internal daily and monthly reports. Reliance Group –Reliance Industries Ltd., Mumbai Oct’07-Oct’08 As Accounts Manager

Preparation of various data and information for auditors and Income Tax Assessment.

Preparation of notes to accounts and compilation of schedules in the Annual Report.

Calculation of capital reserve and goodwill in compliance with the accounting standard.

Assisting in Annual Closing like preparation of CRISIL report of various subsidiary companies, proof reading.

Reconciliation of accounts of different group companies and bank accounts.

Preparation of monthly MIS Reports:

Debtors report sector wise and division wise separate for domestic and export debtors.

Scrutinizing & analyzing ledgers, systems, procedures & report management for discrepancies.

Report pending CENVAT Credit on service tax.

Product wise monthly sales report including quantity and value.

Review of Weekly Activity Report received from different sites to ensure adherence to management procedure.

One time reports to compare vendor wise data of last years for different expenses and capital advances. ARTICLESHIP

A. Patel & Gupta, CA, Indore

Activities Undertaken:

Statutory, Internal and Tax audit.

Income-tax & Sales-tax assessments and returns.

Preparation of Audit Reports including bank reconciliation, ledger scrutiny and finalization of accounts.

Preparation of current year’s provisional and projected Statements of Accounts.

Back-office accounting for Mid-sized Companies.

PERSONAL DETAILS

Name : Bhumika Patel

Father’s Name : Manohar Patel

Date of Birth : 8th November 1983

Marital Status : Married

PAN : AORPP9336B

Passport Detail : J6534615

Languages Known : Hindi, English, Gujrati

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