Jitendra Nagvekar

HR and Payroll Consultancy and outsourcing services:
• Providing HR, Payroll, labour compliance related services to small and medium size businesses on a retainer ship basis.
• Develop HR & Payroll policies and procedures and implement payroll and HRMS software.
• Provide training on payroll and Human resource Management System.
• Providing consultancy setting up compliance management process in line with latest amendment to labour laws.
• Provide labour compliance management services to client and making sure the compliances are done on timely basis.
• Conduct labour and statutory compliance audit and provide GAP analysis reports, provide solutions to mitigate non-compliance risks.

Accounting and Finance:
• Provide consultancy in streamlining accounting and finance processes and giving support in implementing right accounting software and procedures.
• Conduct periodical accounting system audit and provide guidance to clients on enhancing internal controls processes and procedures in the accounting department.
• Provide taxation related services under GST, VAT, TDS, and other taxes applicable to companies.
• Prepare business plans, feasibility studies, projections, cash flows, etc. as per the requirement of clients.
• Prepare project reports and proposals for obtaining bank and government loans and credit facilities.

Achievements
• Successfully formulated and implemented Finance and Human Resource policies and procedures
• Set up Finance and Human Resource department and developed required system to smoothen the processes.
• Implemented Tally ERP and GreytHR Human resource and Payroll management software’s

Responsibilities
Accounting and finance:
• Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements.
• Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
• Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
• Prepare forms and manuals for accounting and bookkeeping personnel, and direct their work activities.
• Interact with company banking and financial partners.
• Other duties and projects as assigned by the management.

Administration and Human Resource:
• Oversee the daily workflow of the department and nurture a positive working environment.
• Develop, implement and monitor overall HR strategies, policies, and procedures across the organization.
• Manage the recruitment and selection process.
• Maintain compensation and benefits program.
• Maintaining a smooth on employee boarding process.
• Assess training needs to apply and monitor training programs.
• Provide constructive and timely performance evaluations.
• Handle discipline and termination of employees in accordance with company policy.
• Managing legal and statutory compliance is done on timely basis.
• Liaisoning with Government agencies and attending hearings related to labour matters.

Achievements
• Successfully streamlined the entire accounting process of the company, and formulated internal controls, accounting, and payroll procedures.
• Successfully converted general ledger system from Pioneer Accounting to Focus RT ERP system, entirely redesigned accounting system with Inter-company, branch and projects accounting, reporting formats, and controls.
• Completely overhauled entire Human Resource systems to bring in more effectiveness, streamlined processes and policies to align with organizations goals.

Responsibilities
Accounting and finance:
• Lead and manage a team of five employees including supervision, organizing tasks, and training.
• Oversee the company’s accounting operations with respect to routine accounting, reconciliations, receivables, payables, inventory, monthly closing process and implement systems to automate processes wherever possible.
• Prepare monthly and annual financial statements - balance sheets, income statements, cash flows, reports, and supporting in accordance with IFRS and Qatar Tax Laws.
• Monitor and analyze accounting data accuracy to produce accurate financial reports or statements.
• Establish and enforce proper accounting methods, policies, and principles.
• Maintain local banking relationships including negotiating facilities agreements, prepare and manage Letter of Credits related work, and ensuring that such activities are carried out with planned time frame and in context with general financial plans.
• Manage and negotiate project finance and trade finance related proposals with the bank and ensure facilities are obtained on a timely basis.
• Manage and oversee entire budgetary process, monitor, evaluate and prepare variance analysis.

Achievements
• Effectively streamlined the entire accounting and administrative processes within the organization to strengthen the organizational systems and controls.
• Appointed Joint Authorized Signatory and administrator for Online Project Management System for the entire Gulf region.

Responsibilities
Accounting and finance:
• Lead and manage a team of four employees, including selection/hiring, objective setting, evaluating, development, and training.
• Oversee the General Accounting processes of company and its three divisions, including month-end closing, year-end closing, reporting to head office and MIS.
• 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.
• Prepare annual budgets for UAE & Gulf Region, review & analyze budget variance.
• Analyzed and prepared the indirect cost allocation on monthly basis, daily and weekly cash flow projections etc.
• Preparation of monthly financial and MIS reports for Head Office based in Cyprus.

Administration and Human Resource:
• Manage and implement entire administrative and HR functions at the local level and assisting head office in implementing administrative &HR processes in the local and regional office.
• Prepare head count reports, payroll budgets, job description, offer letters, appointment letters, etc.
• Supervise and organise staffing needs, screening, interviews, interact with recruitment consultants & candidates, organise visa-processing, visa transfers etc.
• Supervise business travel, leave travel, hotel bookings, venue rentals, equipment rentals and gifts purchases, insurance etc.
• Formulate, recommend, develop and implement Administrative policies and procedures to bring effectiveness in administrative systems.
• Coordinate with Regional offices in implementing systems and policies to manage all administration function in a cost effective and efficient manner.

Achievements
• Successfully collected an outstanding of over Dirhams 5 million within six months.
• Effectively formulated and implemented credit control and collection procedures.

Responsibilities
• Maintain General Ledger, Payables, and Payroll accounting for the wholesale division up to month end closing and complete retail division accounts up to finalization.
• Manage records, maintain fixed asset accounting, depreciation schedule, transfer, etc, and verified / record supplier’s invoices as per company's payables process.
• Liaisons with suppliers, resolve disputes, correct errors, and reconcile the creditor's accounts.
• Prepare multi-currency payroll and salary transfers using online banking system, organize leave settlements and final settlement of office, field, and retail employees.
• Reconcile Bank accounts, inter-company, debtors, creditors, and other accounts, organize audit schedules, and handle various audit requirements.
• Verify and settle all expense claims as per company's travel policy and monitor the account receivables, credit control, collection management and debt collection.
• Prepare periodic management, cash reports, cash forecasts, consolidate retail division’s financial statements and comparative ratio analysis, and handle banking functions like L/C's, TR's, cheque discounting, deposits, transfers etc.
• Prepare Invoices for wholesale division, calculate landed cost and pricing, stock verification and inventory accounting functions for all retail outlets.

Responsibilities
• Prepare monthly manual /computerized Accounts and maintain records of sales, purchase, cash, and journal vouchers.
• Maintain manual books of account, ledger postings, prepare inter-company, bank and creditors account reconciliation.
• Maintain fixed assets registers, monitor accounts payable including supplier and contractors payments. Manage Bank (Deposits, Withdrawals etc.) accounts
• Handle Company's on-site material requirements and organize Indentation, requisition processing, order processing, documentation etc.
• Assist in drafting and printing of sale agreements, Memorandum of understanding, TDS and sales tax related tasks up to filing of tax returns.
• Liaison with various government offices for necessary approvals and fulfil other duties and responsibilities as required.

• Data entry of all issues and receipts.
• Preparing data validation and correcting errors.
• Write computer programs in FoxPro and COBOL based on reporting requirement.
• Generate necessary reports such as stock registers, order registers, item history etc.