Deputy Manager - Finance
Pipavav Defence & Offshore Engg Co Ltd
Total years of experience :10 years, 11 Months
Look after overall Working capital management and Forex management,
Directly deals with banks for Working capital facilities (NFB & FB Limits),
Participated and co-ordinated in arranging WC facilities of Rs. 4800 Crores with consortium of 16 Banks & Financial Institutions, Assisting in Legal Documentation & Security creation, coordinating with bankers, rating agencies, FI’s, auditors,
Responsible for handling entire process of Letter of credit and Bank Guarantees (Foreign as well as Indigenous),
Arranging of bank for negotiation of usance LC’s (Supplier’s credit, Buyer’s Credit, Inland Bill Discounting), Developed strong relationship with bankers through effective coordination which help in getting better interest rates and faster the process,
Responsible to maintain records of FDR’s created towards LC & BG Margin, ensure timely closure of FDR on maturity or pre-maturity as per requirement of company,
Looking after process of foreign remittances (inward & outward), Booking and closure/cancellation of forward contracts,
Coordinating in preparation of CMA report and Business Model, FFR-I & FFR-II statements, Stock and Book Debt Statement, Cash Flow Statement, various MIS’s & Presentations,
Participating in BID process, Preparing Cost Sheet & Analysis statement for various factors like Foreign Exchange fluctuation, Fixed & Variable cost, Statutory cost, previous data for similar kind of BID,
Liasioning and coordinating with internal as well as external auditors for finance related issues, providing quarterly Balance confirmation from banks, statements and other details required by auditors for quarterly audit purpose.
Verify & process daily contractors & suppliers bills, sales transactions, cash & bank transactions, other journal entries, inter-companies transactions, ensure entries are accounted and forecasted accurately,
Responsible account receivable and payable management, half yearly/annual account balance confirmation from various creditors, debtors and other parties, Responsible for daily bank reconciliation,
Maintains and reconciles ledger accounts, Provides record of assets, liabilities and other financial transactions, compilation & finalisation of accounts, prepares profit and loss, income and balance sheet statements,
Tracking and maintaining of fixed deposits, personal investments, personal loan & car loan accounts of owners,
Preparing MIS, daily cash flow/fund flow statement, monthly Statement of Stock Hypothecated to the bank, budget schedule for various projects, in respect of monitoring and controlling the cost/expenses incurred on such projects,
Responsible to compare actual performance with the operating plans & standard and to report deviation, if any, to the management,
Assisting in tax related issues, manages daily aspect of the direct/indirect taxes like VAT, TDS, Service tax & Income Tax, preparing and reviewing returns, monitoring compliance due dates, Assists in statutory/tax audits,
Entering and maintaining sales tax forms (i.e. form “C” and form “H”).
Accounts:
Accounting of the daily routine transactions,
Assisting in Accounts Receivable & Accounts Payable Management,
Responsible for monthly Bank Reconciliation, Petty cash management,
Preparing Delivery notes, Invoices & responsible to verifying, segregating, categorizing & dispatching invoice, Responsible for follow-up and collect payment from debtors,
Preparing and dispatching of cheques, coordinating with banks,
Preparing Purchase Orders, Letter of Indent, Material Shortfall List, PRN etc,
Sales & Marketing:
Preparing quotations, replying on inquiries, Preparing Sales Orders, implementation of orders & Co-ordinating with sales,
Plan & Implement aggressive sales strategies to achieve monthly Sales Volume & Financial Targets, Responsible to report on Sales & Customer activity and provide relevant information to the Management,
Reviewing & Follow up each Sales Contract details to ensure customer satisfaction, Ensuring pre & post sale communication with buyers, Handling various customer queries and customer grievance, updates comprehensive customer database,
Researching new sources which are cost effective, Combine information from market research, past trends, & sales data to forecast demand & plan buying, Purchasing of materials on shortage of material in stock for Export & Local sales orders.
MBA in Finance from ICFAI University