Associate Manager
Iffco
Total years of experience :32 years, 7 Months
Worked as Associate Manager, Finance under role, Team Lead - ATR for Iffco Corporate shared service centre
• Independently handled Finance & Accounts in Oracle ERP (execution, documentation and reporting) in the Shared Service Centre
• Handled statutory audits of the business units and liaised with Internal audit
• Release periodical reports to management by meeting deadlines and support all areas of responsibilities
• Prepare Balance Sheet with proper schedules and supporting documents and ensure that all BS items are reconciled and matched with sub ledger accounts
• Maintain Fixed Asset Register by monthly capitalization in Oracle fixed assets module and accounting of depreciation
• Process Journal entries for accruals, prepaid etc and scrutinize General Ledger and perform accounting corrections to ensure accurate records
• Review Bank & Inter-company reconciliations and ensure timely actions for un-reconciled items
• Review and improve business processes and policies of BU and development of SOP for finance functions
• Rolling 3 months Cash Flow with collection forecast and Working capital requirement on monthly basis
• Managing Accounts Receivables by ensuring that the customers are fully secured prior to billing and analyzing overdue customer ageing reports on monthly basis and follow up for timely collection
• Liaise with Bankers, Creditors and Group Companies by day-to-day communication
• Reviewing Supplier Ageing report to ensure timely payments to vendors
• Trained and supervised junior accountants by developing and utilizing their potential capacity
• Adhered to departmental controls and regulations by maintaining ethical conduct at all times
Independently handled accounts up to finalization and Audit in Oracle Applications.
•Maintaining Accounts Payables/Receivables and Journals and Bank Reconciliations.
•Monthly MIS reports comprising of P&L and B/S, Debtors and Inventory Track and other schedules.
•Daily reporting of sales and collections and highlight issues for delay in collections of outstanding.
•Preparing of schedules for key balance sheet and P&L accounts
•Checking at various levels for any system faults in all modules such as Inventory, AP, AR and GL
•Supervising and assisting the subordinates for day to day accounting and administrative matters.
•Effectively utilizing the capacity of subordinates by giving proper supports and encouragement.
• Independently handled accounts up to finalization by maintaining deadlines
• Maintained monthly expense provisions and passed journals
• Released item group wise contribution reports with budgets and variance analysis
• Perform Three Way match for Vendor invoices and release for payments
• Reconciliations of Group company accounts
• Reviewed Receivable ageing reports and escalated issues for overdue payments
• PreparedBank reconciliations
• Verification of cash payment vouchers before the amounts are disbursed
• Co-ordinate with branch accountants for timely submission of accounts
• Maintained petty cash register and expense posting to general ledger
• Regular reminders to Customers for timely collection
• Maintained Accounts Payable/Receivable books
• Liaised with Government offices for submission of invoices and collection of overdue payments
• Independently handled all books of accounts up to finalization
• Handled all types of communication to customers and business partners
EDUCATIONAL QUALIFICATION •Pursuing studies on CMA •Executive MBA