Team Leader Finance
Opendoors Fintech Private Limited
Total years of experience :13 years, 11 Months
Designation: Team Leader - Finance & Accounts
Experience Snapshots: -
• Preparing company accounts and tax returns and statement for audits
• Filing of GST returns (Monthly 3B and GSTR 1).
• Filing of TDS returns and monthly payments (Salary and non-Salary)
• Manage tax provision and tax compliance process, prepare all tax papers in regular basis, and handle all information data requests.
• Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions.
• Regularly reviewing systems and making updates and improvements where necessary.
• Identifying areas where company and businesses can reduce tax, make claims, and increase profit.
• Prepares monthly statements by collecting data; analyzing and investigating variances; summarizing data, information, and trends.
• Complies with TDS and GST tax filing requirements by studying regulations; adhering to requirements; advising management on required actions; calculating monthly & quarterly estimated tax payments; assembling data for monthly, quarterly, and annual tax filings.
• Handling and assisting with the preparation of Financial analysis (Balance sheet, P&l and etc.)
• Responds to financial inquiries by gathering, analyzing, summarizing, and interpreting data.
• Filing Statutory compliances ESI, PF & PT returns.
• Manage audit, company securities, company related files in soft copy and paper form
• Handling reconciliation and balancing of financial transactions and accounts
• Working with journals, sales and purchase ledgers and spread sheet and accounting software
• Protects organizations reputation by keeping information confidential
Achievement Snapshots: -
• Revamped the accounting system, which ended up in increased efficiency in handling accounting controls.
• Implemented corrective measures for ensuring that minor accounting discrepancies do not transpire.
• Identified a problem and solved it, come up with a new idea that improved things, worked on special projects, been complimented by your supervisor or co-workers, saved time & money for the company.
Daily Management of Accounts Receivables, Accounts Payables, Banking Operations, Credit Notes, Debit Notes, New Customer & Vendor Creation, Customer & Vendor Master Updating, Inventory Management, Handling & Coordination with Sales/Logistics Department for Issuance of Way Bills for dispatches, Timely & Periodical Renewability of Customer, Vendor & Statutory Licenses/Agreements/MOU.
• Analyzing data to support business decision-making. Analyze, Reconciliation, Consolidation and Summarizing financial statements and results on monthly, quarterly and yearly basis to produce error-free accounting reports.
• Reconcile invoices and identify discrepancies. Maintain digital and physical financial records. Maintain the financial health of the organization. Overseeing accounting procedures to ensure compliance with regulations.
• Preparing Monthly Provisional Income Statements, Provision Statement for Expenses & Claims, Handling & Resourceful in Yearly Preparation of Financial & Income Statements and related annexures.
• Preparing & carrying out Monthly/Annual GST Returns, Assessments, & Interacting and liaising with tax authorities and obtaining updates on tax rules & regulations.
Designation - Senior Accounts Executive, Guwahati Branch, reporting to Branch Head & Statutory Auditors
• Administering and monitoring day to day accounting and Periodical statutory compliances.
• Resourceful in Preparing various MIS Reports, Financial Management, Inventory Management Statements, Monthly Reconciliation of Bank Statements, Trade - Receivables & Trade - Payables, Inventory Reconciliation, Cash Flow Statement, Fund Flow Statement, Aging analysis, Preparing & carrying out Annual VAT & CST Assessments & Handling & Filling of Annual Return of Turnover for VAT and CST.
• Preparing & Processing of Credit Note & Debit Notes for Primary & Secondary Target Incentives of dealers, issuing various Trading Claims like Price Protection, Rate Difference, Qty & Target Schemes, Material Schemes for Primary & Secondary Sales, etc.
• Responsible for creation of new customers code/new vendor code, updating of old master data in SAP and updating any changes in PDC/Credit Limit Enhancements.
• Preparing & processing of various monthly & periodical Branch Claims with HO.
• Handling accounts payable from well-timed processing of invoices/claims of vendors/employees and dealers to reconciliations and payouts/reimbursements & replying various queries from Customers, Vendors & Auditors.
• Monitoring accounts receivable; giving cash calls by following up with customers/sales force, carrying out reconciliations, settling disputes/claims and ensuring timely collections.
• Booking of Indirect & Direct Expenses with Division wise and Cost Centre wise. Checking Data, maintaining and scrutinizing statutory books of accounts i.e. journal, ledger, Cash / Bank book and subsidiary books in compliance with time & accuracy norms / regulations.
• Excellent quantitative skills to handle large sets of Excel Data & able to process, analysis and report.
• Conducting aging analysis with an aim to keep receivables under control and collection of payments etc.
• Looking after the General & Statutory Accounting of Company Authorized Service Centers in North East like Handling VAT, CST, Professional Tax, Entry Tax, TDS, & Service Tax; looking after computation of taxes, maintaining related statutory records viz. cenvat invoices / registers, filing periodic returns, carrying out reconciliations with financials and ensuring compliances with various Statutory Acts.
• Processing of Vendor Invoices, payment from dealers and parties in SAP FI Module.
• Preparing & processing of Sales Orders for Invoicing in SAP MM Module, when required.
• Reconciliation of TDS Receivable accounts and follows up with customer for TDS certificates.
• Ensuring periodic reconciliations and collections of C, H, I, E1, E2 Forms & F’Forms and issuance of various statutory forms i.e. Road Permit, Tax Clearance Certificate, Delivery Notes, Form C, H, I, E1, E & F etc. Interacting and liaising with tax authorities and obtaining updates on tax rules & regulations.
• Managing tax audits, furnishing replies of audit objections/show cause notices and doing correspondence.
• Arranging smoother dispatch of materials to customer by issuing necessary statutory documents as required by the Transporter & Coordination with logistic Department.
• Maintaining and looking after various Legal Agreements with Vendors and Customers.
• Providing Assistance in Calculating Depreciation on Assets As Well As Preparing Fixed Assets Register to Avoid Any Mismatch.
Designation - Senior Accounts Executive, Guwahati Branch, reporting to CEO, RM & Statutory Auditors
• Administered day to day accounting and statutory compliances & working capital management controlling, supervision and monitoring of all day to day accounting.
• Resourceful in Finalization of Annual Accounts, Management Information System Reports (MIS), Pivot Tables, Cost Analysis, Financial Management, and Inventory Management etc.
• Handled Accounts payable & Accounts receivables from well-timed processing of invoices/claims of vendors/employees and dealers to reconciliations and payouts/reimbursements.
• Monitored accounts receivable; giving cash calls by following up with customers/sales force, carrying out reconciliations, settling disputes/claims and ensuring timely collections.
• Inter-branch/inter-company, general ledger scrutiny, inventory valuation, ageing analysis, project status, contracts & agreements etc. by monitoring cash flow and forecasting funds for upcoming payments; evaluating variance analysis between actual vs. budget items and reporting of major variances.
• Prepared and processed Subsidy Documents on Solar Water Heaters to Ministry of New & Renewable Energy.
• Handed and supervised the dispatch of materials, coordination with logistic Department etc.
• Conducted inventory management and control by way of physical verification of inventories factory warehouses to avoid discrepancies and ensure its agreement with books of accounts; suggesting guidelines to improve the system. Also coordinated & maintained the logistic tasks at times of sudden necessary, if any.
• Prepared monthly Salary Slips of Workers and processing of Travelling Expenses of Employees.
• Handled activities related to various subsidy in North - East with District Industries and Commerce Centre.
• Handled VAT, CST, Professional Tax, Entry Tax, TDS, & Service Tax; looked after computation of taxes, maintained related statutory records viz. cenvat invoices / registers, filing periodic returns, carrying out reconciliations with financials and ensuring compliances with various Statutory Acts.
• Reconciliation of TDS Receivable accounts and follows up with customer for TDS certificates.
• Ensured periodic reconciliations and collections of C’ forms, F’Forms and issuance of various statutory forms i.e. Road Permit, Tax Clearance Certificate, Delivery Notes, and F’Forms etc.
• Interacted and liaised with tax authorities and obtaining updates on tax rules & regulations.
• Managed tax audits, furnished replies of audit objections/show cause notices and doing correspondence.
• Reviewed Factory warehouse performances with regard to quality of storages, services and delivery norms, prepared agreements, verified reimbursements and ensured their well-timed payments.
• Negotiated and followed up with transporters with regard to prices and dispatch / arrival schedules.
• Analyzed and reviewed risk associated with dealers and taking necessary steps to avoid the same.
• Interacted with vendors/customers to gather their feedback and satisfaction level regarding quality of products/services etc. in the quest of building long term relationship.
• Addressed vendors’/customers’ complaints and undertaken necessary steps for their speedy settlement and resolution. Generated financial performance information and reports to management on a wide variety of functions after ensuring accounting of all the inputs viz. invoices, cost/profit centers, etc.
Designation: - Executive - Accounts & Finance
A. Job Profile at Accounts Department:-
• Controlled, supervised and monitored of all day to day Accounting Functions.
• Formulated & implemented internal control and check with regard to accounting / Processing of Vendor invoices and employee expense reimbursements, employee travel Advances, Dealer Commissions, Cash Discount & Turnover Scheme Discount and other payables etc.
• Internal Audit of accounts including Vat Audit and Tax Audit & Ensuring timely filing of taxes & returns such as TDS, Service Tax, Advance Tax, Professional Tax, VAT Returns as per the mandatory enactments and issuing various statutory forms.
• Resourceful in Finalization of Annual Accounts, Management Information Systems (MIS), Cost Analysis, Financial Management, Inventory Management, Debtors Aging Analysis & Fund Management.
• Reconciliation of TDS Receivable accounts and follows up with customers for TDS certificates.
• Ensured periodic reconciliations and collections of C’ forms and issuance of various statutory forms i.e. C’Form, Road Permit, Tax Clearance Certificate, Delivery Challan, E-1 Forms, and F’Forms etc.
• Closely monitored the working capital and reported the excess/short working capital status well in Advance to management for arrangement/planning the smooth working capital.
• Monthly reconciled of Bank Accounts, Accounts Receivable and Accounts Payable.
• Monitored of payments and outstanding as per credit policy of company against customer and Identify issues attributing to account delinquency and sending emails, reminders etc. for clearance of outstanding dues timely.
• Closely monitored the bank accounts for realization of money and ensuring timely deposit of all Collection in bank and update of Bank Reconciliation on daily basis and managing the funds for further disbursement.
B. Job Profile at C&FA of Hindustan Sanitaryware Industries Limited (Formally known as Hindware) as Senior Accounts Executive & Depot Administrator.
• Monitored total official proceeding, Supervising dispatches & godown inventory.
• Taking orders from clients & executing the orders in online SAP, calling clients for payments and coordination with logistic department for smoothly dispatch of materials.
• Online SAP operating from Invoicing to planning and making indent of materials for godown, accounts maintenance for Trade Receivables and monthly MIS Reporting’s including Sales Tax VAT and CST.
• Financial and statutory reporting, sales reporting, communication with the sales team & dealers, software updating & correspondence with H.O. & all I.T. related works.
Designation - Accounts Executive (Finance & Accounts)
Experience Snapshots:-
• Monthly statutory payments compliance like VAT, TDS, Service Tax and ensuring timely Compliance of various statutory returns like VAT, TDS, Professional Tax & Service Tax.
• Handled Group Audit, Internal Audit, Tax Audit and Statutory Audit.
• Provided assistance in VAT and CST Registration of various clients.
• Resourceful in Finalization of Annual Accounts, Management Information Systems (MIS), Cost Analysis, Financial Management, Inventory Management, Budgeting & Fund Management.
• Reconciliation of TDS Receivable accounts and follows up with customer for TDS certificate.
• Reconciliations and collections of C’ forms and issuance of various statutory forms i.e. C’Form, Road Permit, Tax Clearance Certificate, Delivery Challan, E-1 Forms etc.
• Conducted monthly stock audit of M/s. Intas Pharmaceuticals and MIS Reporting as required.
• Conducted and Supervised Vat Audit of various Petrol Pumps and Wine shops.
• Conducted and Supervised Bank Audit of Punjab National Bank and United Bank of India.
• Reconciliation of Bank and Preparing and reporting various MIS Report.
• Prepared Annual Accounts & Income Tax Returns of Individual, Hindu Undivided Family, Partnership Firm & Various Proprietorship concern, Petrol Pumps, and Wine Shops etc.
• Prepared Balance Sheet, Trading and Profit & Loss Account along with Internal & External audit Schedules and Checking of Audited Balance sheet.
I have completed my BCom (Accounts Honours) in 2010
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