Amaresh Parhi, Chief Accountant Accountant

Amaresh Parhi

Chief Accountant Accountant

Saudi National Steel

Location
India
Education
Master's degree, Cost Management, Financial Analysis, Accountancy Business Adminstration
Experience
13 years, 11 Months

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Work Experience

Total years of experience :13 years, 11 Months

Chief Accountant Accountant at Saudi National Steel
  • Saudi Arabia - Dammam
  • My current job since March 2019

May’ 2019 till date with Saudi National Steel Factory Co, Dammam, KSA as Chief Accountant, Leading an FP&A team of 3+ personnel in international locations


• Established and implemented internal control (e.g. Seven point check in compliance for Dispatch and revenue bookings) throughout the division to maintain integrity and accuracy of financial reports.
• Introduced a forecasting, tracking and management reporting system for P&L, triggering 25% increase in accuracy of data.
• Designed the monthly closing process including segmental reporting as per US GAAP; redesigned and upgraded the fixed asset and depreciation processes.
• Improved the accuracy of reporting by 50% by automating the reporting system.
• Mapped business objectives and strategic goals for the Finance Department through a series of workshops; delivered a balanced scorecard and established it as a regular reporting tool.
• Developed financial reporting and implemented accounting policies to comply with foreign standards.
• Lead as a core team member for SAP S4 HANA implementation for our unit as well as other units. I handled PP, PM, SD, MM, HR & FICO modules in SAP S4 HANA packages.

Manager, Global Finance with 12 years of national & international experience in managing the finance functions in privately held companies. Led multi-discipline, geographically dispersed teams to manage fiscal operations for various service and manufacturing facilities. Restored financial health of the company by taking control of all receivables, payables and assets; negotiating settlements and restructuring financial liabilities with bankers, suppliers & statutory agencies. Strengthened financial position of non-profit operation by implementing new procedures, quality control measures, and ensuring compliance with federal and Local laws to protect non-profit status. Extensively travelled to over 3 countries and appreciative of diverse cultures and viewpoints. Fluent in English and Hindi, conversational Bengali.

Deputy Manager Accounts at Steel Plantech Engineering India Private Limited
  • India - Kolkata
  • April 2013 to April 2019

Steel Plantech Engineering India Private Limited (SPEI &SPI) as Deputy Manager. Project Commercial & Accounts. (JP Steel Plantech Group of companies in Machinery Section, Japan) a wholly-owned subsidiary of JP Steel Plantech Co., Japan
Highlights:
• Preparing Billing Schedule for turnkey projects.
• Following the material movement status.
• Controlling of Receivable section of Company.
• Maintaining Cost database for all Projects
• Visiting Customer’s Place in case of any dispute in respect to commercial matters.
• Supervision of day-to-day Accounting activities.
• Budgeting and Financial Planning
• Finalization of Trading Account and Profit & Loss Account Month wise.
• Determine and Analyze Cost of Goods Sold and preparation of Variance Reports. Cash flow preparation & Analysis.
• Debtors Analysis & Creditors Analysis.
• Handling TDS, Excise, Service Tax compliances & GST as newly announce.
• Monthly Expenditure Budget preparation & Analysis of variance

Steel Plantech India Private Limited at Steel Plantech India Private Limited
  • India - Kolkata
  • April 2013 to April 2019

Steel Plantech India Private Limited as Deputy Manager Accounts & Finance. (A 100% subsidiary of JP Steel Plantech .Co. Japan)
Highlights:
• Preparing Billing Schedule for turnkey projects.
• Following the material movement status.
• Controlling of Receivable section of Company.
• Maintaining Cost database for all Projects
• Visiting to Customer’s Place in case of any dispute in respect to commercial matters.
• Supervision of day to day Accounting activities.
• Budgeting and Financial Planning
• Finalization of Profit & Loss Account & B/S Month wise.
• Determine and Analyze Cost of Goods Sold and preparation of Variance Reports.
• Debtors Analysis & Creditors Analysis.
• Funds flow and cash flow preparation & Analysis
• Monthly Expenditure Budget preparation & Analysis of variance
• Handling of TDS, TCS, and GST Etc.

Deputy Manager. Project Commercial & Accounts SPEI&SPI at M/S K.C.Sarkar& Co.
  • June 2010 to March 2013

Chartered Accountants

Education

Master's degree, Cost Management, Financial Analysis, Accountancy Business Adminstration
  • at ICAI
  • November 2011

, CA
  • at The Institute of Chartered Accountants of Indi
  • January 2011

Master's degree, M. Com
  • at Bhadrak Autonomous College
  • January 2007

Bachelor's degree, B.Com (H)
  • at Bhadrak Autonomous College
  • January 2003

Specialties & Skills

Profitability Management
Inventory Controls
Expense Budgeting
Monthly Reporting
Financial Planning and Analysis
ACCOUNTING
E-COMMERCE
ACCOUNTS RECEIVABLE
ACCRUALS
TRIAL BALANCE
AUDITING
CASH FLOW MANAGEMENT
CONTROL SYSTEMS
DRAWING
GENERAL LEDGER

Languages

Bengali
Expert
English
Expert
Hindi
Expert

Memberships

ICAI
  • ACA
  • June 2013

Training and Certifications

Computer Training Course Certificate from ICAI (Certificate)
Date Attended:
September 2006

Hobbies

  • cycleing
    I awarded many medals for cycling in India- Kolkata.