Experience

Spanco Nagpur Discom Ltd

• India
• Appliances, Electrical, and Electronics Manufacturing
• 1 - 100 Employee

• Manager

  • Jul 2017 - Present

  Nagpur Area, India Finalization of Accounts & MIS Reporting & Budgeting Finalization of accounts and closure of the books every month/quarter/year end. Booking of Revenue, Expense, Vendor Bills, Inventory accruals, provisions, compliances. GL scrutiny and reporting variances with reasons. Revenue & Expense reporting up to EBIDTA. Preparation of annual operating plan (AOP), Expense Budget. Collection reconciliation & consumer handling Reconciliation of daily collection received in… Show more Finalization of Accounts & MIS Reporting & Budgeting Finalization of accounts and closure of the books every month/quarter/year end. Booking of Revenue, Expense, Vendor Bills, Inventory accruals, provisions, compliances. GL scrutiny and reporting variances with reasons. Revenue & Expense reporting up to EBIDTA. Preparation of annual operating plan (AOP), Expense Budget. Collection reconciliation & consumer handling Reconciliation of daily collection received in banks through various payment gateways. Resolving consumer’s queries regarding payments and billing issues. Providing and monitoring area wise collection plan to collection head. Monitoring the TOT of cheque/cash collected to credit in bank. Liaison with MSEDCL and validation of input invoice and truing up Dealing with MSEDCL and abiding Distribution Franchisee Agreement terms & conditions. Validation of MSEDCL weekly input unit invoice Charging/Credit of Truing UP, SD & ASD, subsidy claims. Monitoring AIR, TIR, Base ABR, Applicable rate, Electricity Duty, TOSE. Prorata ABR, Component wise demand charged in weekly invoice. Audits, Insurance and Bank Guarantee Audit management with reputed audit firms like E&Y, PWC and government auditors. Receivable bank audit, Stock Audit, internal audit, statutory audit & MSEDCL audit. Monitoring Theft and Burglary Insurance Policy, Commercial General Liability Insurance Policy. Fatal, Non-Fatal, Loss of property insurance claim lost in storm or accidents. Monitoring bank guarantee submitted to MSEDCL and collected from HT consumers. P2P – Shared Services Invoices booking & Vendor payments as per PO. Vendor reconciliation, vendor advances & outstanding. Resolving advances >60 days. Meeting with sourcing, logistics, Tax & IT for process gaps, support required. Documents filing for audit and input tax credit. Reducing invoice-booking time cycle, improve productivity Guiding, motivating and developing a team to work independently. Show less



Signode India Limited

• India
• Packaging and Containers Manufacturing
• 300 - 400 Employee

• Sr. Executive

  • Oct 2010 - Jul 2017

  Silvassa  MIS and Financial Reporting; Finalizing revenue, ensuring accurate revenue recognition  Coordinating Statutory audits, coordinating for internal audit, dealing with auditors, resolving queries, executing tax audit up to finalization stage.  Analyzing monthly expenses, examining variance with plan, providing key inputs for Financial Reporting.  Profit and loss account on monthly basis; balance sheet & reporting schedules.  segment wise, margin statement along with segment wise… Show more  MIS and Financial Reporting; Finalizing revenue, ensuring accurate revenue recognition  Coordinating Statutory audits, coordinating for internal audit, dealing with auditors, resolving queries, executing tax audit up to finalization stage.  Analyzing monthly expenses, examining variance with plan, providing key inputs for Financial Reporting.  Profit and loss account on monthly basis; balance sheet & reporting schedules.  segment wise, margin statement along with segment wise operating income statement  Variance analysis for segments and products/cost centers  Comparison to Annual Budget Mid-year Forecast, Monthly Forecast and historic performance.  Ensuring proper accounting in accordance with company’s Global Internal Accounting Policies and Indian GAAPs  Preparation of Annual Budgets and long range plans and schedules required for budgeting in consultation with Business Heads.  Analysis of Key Performance Indicators on monthly basis.  Assisting business managers and management by providing support through data analysis and information for business strategy and planning  Scrutiny of Trial balances and Ledger Reconciliations and reporting key points/major issues and actions.  Posting AR/AP/GL/JVs, finalising monthly TB.  Ensuring Internal control, compliance and systems  Handled statutory audits, consolidation of balance sheet schedules, notes to accounts up to finalization stage.  Coordinating for internal audit,  Expenses analysis  Calculating Month On Hand inventory on monthly basis; computing Inventory reserves; and monitoring and analyzing inventory-grading Banking & Treasury:  Dealing with Banks and resolving all banking issues  Managing funds, preparation of Cash Flow and weekly monitoring Indirect Taxation  Service tax; monitoring monthly service tax liability, input tax credit statements and filing half yearly ST-3 service tax returns.  Handled VAT/Sales tax assessments and appeals, completing VAT audit, filing online VAT Returns Show less