Ankushkumar Tholiya

Job Responsibility:

Responsible for Accounts Payable, Principal management (multinationals), Legal Agreements with Principal & Customers, Treasury Function, GL Accounting and presentation, MIS reports, Insurance handling etc.

My brief Profile as Finance Manager:

Responsible for Managing & Heading Finance Payable, General Accounting, Treasury, Insurance & Legal. Actively involved in Business planning and execution of strategies. Monthly, quarterly & yearly preparation of books of accounts, Improvement & Implementation of ERP practices, Managing team of people & motivating them to achieve the organisation goal.

Development of Internal control procedures, Finalization of various agreements with principals companies for Marketing & distribution, preparation of legal agreements, representing company in negotiation with principles.

Cash flow management, Bank reconciliation & coordinating with the team for recoveries from customer on time so as to avoid cash crunch situation & minimizing bank charges.

Budgetary preparation & target setting, review on monthly, quarterly & yearly basis.

Insurance renewal, negotiation, claim filing, followup & cost reduction for organisation.

• Responsible for the handling of Financial Accounts, Business Development, A/c Receivables Management, Payables Management & Negotiations, Banking and Cash flow Management.
• Managing and driving the account team in order to achieve and exceed targets
• Working closely with Sales & Marketing Manager, to strengthen key areas and target financial growths.
• Monitoring Account Receivables & Collection performance.
• Handling more than 1000 customer base which includes Pharmacies, Govt Institutions, Private Hospitals & Wholesalers.
• Visiting few customers occasionally to sense the overall credit risk & taking corrective measures.
• Gathering and presenting key data to owners and suggesting necessary actions to achieve company goals & forecasts.
• Legal Agreement Drafting & Negotiations with Principles. Signed various MOU’s with European & Indian Pharmaceutical companies.
• Business & Strategy planning so to see that business grow to desired levels.
• Costing Analysis & suggested pricing for products.
• Creating and working to financial growth plans.
• Preparation & Presentation of accounts along with critical financial indicators.
• Forecasting, Budgeting & Actuals analysis & variance reporting.
• Cash Flow management & Bank Reconciliation.
• Maximizing performance of financial team & Implementation of ERP.
• Got strong experience of importing Non Registered products in UAE, with SOP development & reduction of delivery timing.
• My additional responsibility includes handling of Legal, Admin, Stores, & IT department.
• Additionally well versed with the registration formalities & procedures of UAE.

• Heading Accounts & Finance dept., IT department, HR Department, & Legal Affairs Department. Successfully guided to venture into Retail chain pharmacies with the trade name “MEDICINA” across UAE.
• Profile included budgeting & allocation of resources, Collection Management and Presentations on profitability, MIS reporting, Accounting & Compliance with Internal Auditing requirements, Monthly\Quarterly\Yearly financial records preparation, Cost control & cost cutting measures, Salary processing, legal agreement finalization, Sales review & target analysis etc.
• Successfully managed the growth in 5 years’ time, with strict financial discipline. Actively involved in Business planning and execution of strategies.
• Re implementation of ERP & preparation of Chart of Accounts (COA).
• Initiated & developed SVRS software for Sales visits & reporting to monitor the performance of Marketing & sales team; it resembles to CRM solution developed fully in-house by me & IT expert.
• Development of Internal control procedures.
• IT infrastructure Management, development of control procedures & monitoring performance of employees.
• HR related activities like salaries processing through WPS, Leave Management, HR policy preparation etc.
• Cash flow management, Bank reconciliation & leading team for recoveries from customer on time so as to avoid cash crunch situation and bad debts.
• Store & stock management, setting up rules for effective delivery & storage, Stock level management & placing orders for replenishment of stocks.

Heading & Managing entire ROMG (Rest of Maharastra & Goa) regional accounts & finance team, including 17 branch offices in the region.

Major area of concentrations was analysis & presentation of monthly MIS & Profitability, Payment Management, Budgetary allocation & Variance analysis for the Region & Branches, Claims payment Management etc.

Also Needs to coordination with Regional Head / RSM’s and Branch Managers to devise financial strategies for branches across region to achieve desired combined ratios, focusing on top as well as bottom line growth.

Other Responsibilities :-

• Preparation & Presentation of Monthly Profitability & other MIS Reports.
• Budgets & Budgetary Allocation to all the branches in consultation with Regional Head.
• Managing routine Finance & Accounting activity of Region.
• Review, Develop and Improve regional claims processes to optimize operational efficiency.
• Compliance with Internal Audit Requirements & BPMS Procedures.
• Ensure compliance with all relevant statutes and regulations concerning Financial Reports.
• Lead, Motivate, Develop and Support Regional accounts Team.

AUDITS & ASSURANCE: -
• Statutory & Tax Audits of Pvt. Ltd. (Manufacturing as well as Non Manufacturing).
• Tax Audits of Partnership Firms (Manufacturing as well as Non Manufacturing), Distributors of FMCG Products, Traders, & Professionals.
• VAT Audit of a Multinational Company, Pvt. Ltd. & Partnership Firms.
• Internal Audits of Co-op. Sugar Factory & Pvt. Ltd. Organizations (Manufacturing).
• Statutory Bank Audits (Allahabad Bank, & Union Bank of India).
• Prepared Audit Programs for Carrying out audits of various concerns.

ACCOUNTING: -
• Individually carried out Finalization of Accounts of Manufacturing Companies & various Other Organizations.
• Implemented “Accounting Standards” in Pvt. Ltd. & other organizations.
• Assisted clients for accounting of VAT & Excise Transactions.

MANAGEMENT CONSULTANCY: -
• Individually handled Inter stores reconciliation of CSEB (Chhatisgarh State Electricity Board) of 13 stores for 5 years.
• Assisted in setting Internal Control Procedures in Pvt. Ltd. (Manufacturing unit), Co-op Sugar factory & CSEB (Stores).
• Leaded team of colleagues for Improving Management Control over Inventory.
• Assisted in Compliance of Company law Matters to Pvt. Ltd.

TAXATION: -
• Individually Prepared & Filed Income Tax Returns of Individuals, Partnership firms, & Pvt. Ltd. (Manufacturing, Wholesalers, Retailers, Architecture firm, etc.)
• Assisted in preparing Submissions to be presented before Assessing Officers in Assessment Proceedings of Income Tax & Sales Tax.
• Prepared Paper Book for submission before CIT (A) in appeal proceedings.
• Guided group of juniors to Prepare Monthly & Quarterly Returns under Maharastra VAT Act.
• Prepared & Filed TDS Returns and Guided clients to comply with TDS requirement.