Amit Raithattha

 Develops financial strategies for the department and the company financial performance.
 Detection of frauds in the organization and taken legal action (Criminal & Civil case against employees) and won the cases in court and implementation of strong internal controls.
 Implementation of data security project.
 Successfully implemented ERP Microsoft Dynamics and Sagex3.
 Automation of collection and follow-up process to control receivables and collection fraud.
 Implementation of strong credit control.
 Implementation of IFRS.

 Provides sound financial advice to the management that contributes significantly to the effective management of investments, cash flow and profitability
 Provides guidance and direction to all departments regarding financial issues (deviation from the budget, corrective actions, credit and supply policy etc)
 Detection of frauds and process strengthening, assisting in legal proceeding to recover loss from insurance agency and employees
 Ensures that the management team receives prompt and accurate financial information and monthly reports as required for overall control and evaluation of business performance.
 Ensure that the company’s Accounts department maintains Books and Records in compliance with all statutory financial and tax requirements.
 Preparation of budgets, forecasts and financial plans and monitor that financial policies are applied.
 Oversees maintenance of the company’s accounting including payables, receivables, inventories, fixed assets, and payroll.
 Forecasts and manages the Group cash flow in order to enable effective investment management.
 Designs and implements efficient cash management system and credit control policy in order to add value to the profitability of the business.
 Monitor expenditures and ensures that they are accurately recorded and reported in order to control the budgeted commitments.
 Plan, direct, or coordinate insurance and risk management activities in order to ensure that the most appropriate policy is in place all formalities are processed on a timely and cost efficient manner.
 Ensures that company’s policies with regards to products are effective and contribute to short and long term business objectives.
 Recommends priorities on the development of IT systems requirements to meet the changing requirements and anticipated future needs for financial reporting and ensures their implementation
 Liaises as required with Banks and other external bodies.

Financial Planning & Budgeting, Project Management, Risk Management
 Worked with large quantities of statistical data and convert it into understandable results
 Analysis of Financial Statement, Net Worth & Ratio Analysis of customers financials and trading & payment pattern to identify financial health of customers and review credit limits of customers on monthly basis
 Setting up the Group Budget on Annual Basis and monitoring the same, Identifying the cause for the variance with departmental head and implementing the corrective actions to correct them
 Responsible for commercial management of projects
 Managing the financial day to day operational aspects of the Projects
 Measuring financial risks and implementing corrective action plans to mitigate those risks.

Financial Reporting
 Implementation of IFRS
 Finalisation and consolidation of accounts and timely completion of Audit by providing all data and details
 Responsible for accuracy of overall books and ensuring the closure of books on monthly basis
 Preparation & Consolidation of monthly financials reports, profit & Loss account, balance sheet, cash flow statement including schedules and notes
 Oversee intercompany reconciliation, maintenance of fixed assets register and updation on timely basis,
 Monitoring of Accounts Payable and accounts receivables functions closely, Review & discussing the MIS reports on monthly basis with Senior Management and taking the corrective measures to improve the numbers
 Completed internal audits and statutory audits on time as per company guidelines
 Ensuring WPS requirements are fulfilled and managing financial aspects related to employees
 Ensuring accurate and timely preparation of Payroll
 Supplier Rebate calculation and claims

 Successfully Managed Cash Flow of the Group by liaising with customers promptly and working closely with Product Managers and Key Accounts Managers
 Preparation of cash flow to review the cash position and forecast funds required to honor the financial commitments.
 Responsible for accuracy of overall books and ensuring the closure of books on monthly basis
 Reporting of brand-wise and region-wise sales data on daily basis
 Analysis of commercial contracts, capital investments and expected return with risk involved
 Calculates and prepares reimbursement billings and tracks receivables; reconciles monthly accounts receivable

 Efficiently lead a team of 8 inspecting officials (Chartered accountant)
 Independently carrying out onsite inspection for Capital Market, Futures and Options segment and Currency Derivatives Segment of Trading Members and Clearing Members. Scope of inspection covers verification of following areas:
 Special Purpose inspection carried out to examine investor complains regarding unauthorized trading, illegal trading (dabba trading), Transfer of profits etc.
 Managing the all kinds of Bank Guarantees including the timely return of BGs to bank upon completion of Project or completion of Defects liability Period,
 Analysis of financial statements and net worth of trading members to ascertain financial health of trading member
 Secured 100% marks in Six Sigma yellow belt exam, Successfully completed Six Sigma yellow belt training, Prepared & presented Six Sigma yellow belt project for speedier and accurate calculation of margin and Assisted in development and implementation of Inspection Application & database for Sending intimation letters digitally, preparation and generation of inspection reports, communication of letter of observations and placing cases to committee
 Implemented data security project to protect Exchange data and TM data during inspection and post inspection
 Preparations of MIS reports broadly including even exceptions reports / variances details to SEBI
 Handled special assignment to set up inspection department, implement processes & controls and training to new staff at Kolkata regional office
 Development and implementation of online valuation of securities by considering different fields like rate, haircut, status of securities (liquid / illiquid) and automation of trade verification through online platform
 Conducted training programs for Trading Members (Share Brokers) related to compliance, operations and set up, new regulations like FPI, Research analyst etc.,
 Conducted Investor awareness programs for Investors to safe guard themselves from frauds happening in the Securities market
 National Stock Exchange is India’s number one stock exchange and world top stock exchange in terms of equity trades. Having average daily turnover of Rs. 3 lac crores. Main products are Equity / Future & Options in equity. Currency, index etc. (Url : www.nseindia.com)