Finance Manager with Strategic Budgeting Expertise
Resume:
NITASHA ARORA MASAND
Finance manager with decade of progressive experience in financial management, budgeting, forecasting, and strategic planning. Proven expertise in optimizing financial performance, implementing cost-saving initiatives, and ensuring regulatory compliance. Adept at conducting audits, and developing financial policies that align with corporate goals.
WORK EXPERIENCE
Senior Manager, Lead Finance
MEP India Pvt. Ltd. (A Subsidiary of Mitsubishi Engineering- Plastics Corp.), New Delhi, India 04/2013-07/2025
Oversee invoice management for contractors, ensuring timely and accurate processing and reconciliation with project budgets.
Manage month/quarter/bi-annual/year-end closing processes including variance analysis and journal entries and bank reconciliations.
Lead financial modeling for expense budgeting, forecasting and variance analysis for last 5 years.
Track and forecasting project costs and monthly spend, providing regular updates to leadership.
Manage statutory and tax audits every year i.e. preparing and reviewing all the draft annexures for auditors (Big 4’s).
Manage all timely and accurate payments for taxes & returns like TDS, Income tax, GST.
Collaborate with internal teams, banks, contractors, and clients to ensure all project deliverables meet quality, timeliness, cost reduction and increasing the revenue for company.
Manage petty cash for day to day expenses.
Develop and maintain financial policies and procedures, ensuring compliance with applicable accounting standards and regulations.
Manage employees joining & exit formalities.
Manage payroll related work i.e. processing payroll, full & final settlement, bonus, increments.
Assist and own key areas of the preparation of presentations for senior management and board of directors for board meetings.
Conducted various CSR activities within organization.
Implemented cost control measures to ensure budget adherence.
Prepare presentations, reports/analysis for management. Sr. Finance Executive, Facility Management Team
Jones Lang Lasalle Inc., Gurgaon, India (Working for client - Microsoft) 08/2012-04/2013
Bank account reconciliations.
Reconciling various GL’s to avoid discrepancy in payments booked and paid.
Re-class of GL & IO if incorrectly posted by the AP team.
Booking of accruals in GL’s during month end.
Assist in forecasting the expenses for upcoming years to complete budgets preparation.
Maintaining fixed asset register.
Responsible for verifying depreciation charged on fixed assets.
Responsible for approving monthly payments to be made to the Landlords towards building rental as per agreed contracts.
Ensure correct deduction of TDS on payments released to vendors.
Generating PO’s in SAP.
Ensure all the vendor invoices are received on time and their validation.
Ensure all MS direct and indirect vendor invoices are booked by AP team correctly.
Ensure correct levy of service tax & VAT on the invoices.
Ensure timely release of Payments to Vendors by AP Team as per defined turnaround.
Filing of vendor invoices/contracts.
Obtain no due’s certificate from vendors – Quarterly.
Manage employee travel settlements and other employee reimbursements like mobile, staff welfare, etc.
Finance Specialist
SGC Service Pvt. Ltd, Noida, India
08/2009-08/2012
Personal Details
Address
2605, Cricket Circle, Edison, New
Jersey, 08820 USA
Phone number
************@*****.***
Date of birth
11-04-1986
Gender
Female
Nationality
Indian
Marital status
Married
linkedin.com/in/nitasha-arora-
masand-b78bb361/
Skills
Financial budgeting and
forecasting
Variance analysis
Record to report
Procure to pay
Taxation
Audits
Bank reconciliation
Tax returns and compliances
Fixed Assets registers
Team Management
Advanced MS-Office
Strategic Presentations for
Management
Handle PF (provident fund), Gratuity & Superannuation of employees for different organizations like Genpact India, Mitsubishi, GE India, DLF, Sabic Innovative etc.
Maintain employee loan and advance records from there provident fund.
Invest the corpus for various PF Trust as per RPFC (Regional Provident Fund Commission, an undertaking of Govt. of India) guidelines in various Public Sector, Private Sector, Central and State Government Bonds.
Filling of PF returns (Monthly, Half-Yearly and Annual returns) for Trust as well as for RPFC).
Assisting auditors in auditing accounts for various PF, Superannuation & Gratuity Trust.
Filling company annual Income Tax returns for various PF, Superannuation & Gratuity Trust.
Maintain accounts of various trusts in Tally and review GL to ensure there are no open accounts.
Reconcile bank accounts every month and ensure closing of all accounts.
Maintain cash transaction through follow up from banks.
Maintain cash flow and fund flow statements.
Process payroll for provident fund deductions as per the RPFC rules.
Calculate TDS on employee’s provident fund withdrawal.
File TDS returns quarterly/yearly.
Prepare monthly dashboards for PF and gratuity in excel. Executive Operations (Technical Consultant for INTUIT QuickBooks) IBM Daksh Business Process Services Pvt. Ltd., Gurgaon, India 08/2007-11/2008
For one of US’s largest financial and accounting services firm (stakeholder), troubleshoot software issues for high end customers.
Formulating MIS reports and maintaining database.
Helping the customers in maintain their books of accounts.
Research on feasible technical solutions to eliminate software defects.
Responsible for providing accurate and timely resolution to the clients. INITIATIVES/PROJECTS
Successfully migrated all physical shares into DEMAT form as per government guideline/deadline; ensured compliance and coordinated end-to-end dividend distribution, including calculation, approval and disbursement to shareholders in MEP India Pvt. Ltd. (2024).
Led the formulation of all key financial policies in alignment with organizational goals at the time of merger of two Mitsubishi group companies (2023). EDUCATION AND QUALIFICATIONS
MBA in Finance & HR
Institute of Management & Technology (IMT), Ghaziabad, India 2007-2010
Masters in Commerce (Finance & HR)
Kurukshetra University, India
2007-2010
Bachelor of Commerce (B.Com Hons)
School of open learning, Delhi University, India
2004-2007
“A” level Diploma in Information Technology
DOEACC Society, Delhi, India
2010
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