Manager Finance & Accounts
M/s. Vandana Global Limited, Raipur, Chhattisgarh
Total years of experience :14 years, 5 Months
Accountabilities:
Managing end-to-end Project Accounts of 18MVA Ferro Alloys Division & 400TPD Rolling Mill and responsible for all accounts payable functions such as project bill passing, payment advice generation, controlling of imprest, advances, travel bill budgeting, civil bills passing and BOQ’s etc.
Supervising the preparation of all financial reports, including profit and loss statement, balance sheet and statement of cash flows, as well as the year-end financial reports.
Maintaining books of accounts and performing monthly and annual closing, finalization & MIS reports.
Ensuring completion and reviewing of all balance sheet reconciliations and identify and communicate findings.
Monitoring the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
Providing timely explanations of variances between actual results and forecasts/budgets; recommending corrective action where necessary.
Preparing payment request for making complex variable payments to vendors on a monthly / quarterly / annually based upon the each agreement terms.
Performing ageing analysis, ledger scrutiny, reconciliation of creditors and following up for clearance of debit balances.
Reviewing high volume of invoices, weekly wire/cheque/payment runs.
Auditing all batch of invoice/PO’s for proper G/L coding and processing all AP accruals at end of month.
Addressing vendor inquiries and resolving issues in a timely manner.
Accountabilities:
Accountable for entire gamut of activities pertaining accounts payable, fund management, cash flow management and bank management of Sponge Iron Division, Steel Melting Shop, Power Plant, etc.
Validated General Ledger template and charges for posting the relief and maintained all supporting documents.
Oversaw the reconciliation of balance sheet accounts, managed month closing of financial records and posting of month end information ensuring accuracy of financial statement.
Reconciled the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
Prepared quarterly balance sheet and P&L fluctuation analysis, monthly expense variance analysis.
Reviewed and analyzed outstanding entries in invoices, agreements, statements, and supporting documents from other teams (AR, AP, Payroll and miscellaneous teams) and cleared same.
Negotiated with customers, countersigned all PO/ WO and other contracts.
Supervised store functions and authorized release for RGP/NRGP and dispatch delivery orders.
Nov’09-Oct’11
Accountabilities:
Responsible for Accounts Payable, Bills passing, payment monitoring, Creditor ageing, reconciliation, balance confirmations and payments.
Prepared journal entries, completed general ledger operations, reconciled and maintained balance sheets.
Computed tax (TDS, PF, PTAX, VAT and Service Tax on GTS), IT returns and ensured adherence to all statutory compliances.
Assisted with the implementation and compliance to internal financial controls and procedures.
Analyzed financial reports, journal entries & monthly ledger closing processes.
Monitored and analyzed variance between forecast and actual numbers.
Ensured compliance to company policies & external regulations through a superior set of business controls.
Liaised and coordinated with banks, internal and external Auditors.
Reconciled the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
MBA-Finance
Bachelors Degree in Commerce Advanced Accounts Costing Main
