Accounts Manager
Ergoflex (I) Pvt. Ltd.
Total des années d'expérience :25 years, 9 Mois
Supervising work of subordinates, passing vouchers for payments, filing GST/VAT monthly and annually returns, coordinating with bank for documents compliance relating to bank Term Loans and Cash Credit Loans, Preparing financial statements, cash flow, Budgets, MIS reports - aging of accounts receivables, accounts payables, product costing etc.
Independently handling all books of accounts till finalisation for all 11 associates Private limited companies. TDS, VAT, PF, complying with ROC, submitting required documents required to be submitted to ROC viz. Schedule V, Schedule VI, Form 23B, 25C etc. Preparing and e-filing return for 14 directors.
• Reviewing financial and Funds Utilization statements in order to assist management
for making appropriate plan for overall growth of the company.
• Budget preparation
• Financial Analysis and MIS reports for Management committee
• Finalisation of Accounting books as per US GAAP, Accounts Payable, Accounts Receivables and inventory management.
• Bank reconciliations, Foreign payments (letter of credit, swift transfer), Insurance
claims
1) Reduced complaints from suppliers evaluating processes and implementing changes to improve cash inflow predictability and visibility, thus improving receivables management and payables scheduling ( previously sales people were allowed to collect receivables within four months whereas suppliers were scheduled to pay within two months of their billing date. Sales people were motivated to collect within two months to get additional commission over collection OR forego normal commission if collections extends over two months and debit their accounts with the overdue receivables).
2) Reduced inventory transportation costs and time by unloading materials from supplier's warehouse directly to factory premises instead of moving first to factory warehouse, with prior estimation of materials usage.
3) Increased overall contribution margins by shutting down the branch office due to savings in Fixed costs viz. branch office rent, payroll and other branch related expenses.
4) Successful bidding in ministry tenders in neck-to neck competition. The bidding was quoted at variable cost plus margin considering no compromise with routine production.
5) Coordinated all aspects of budget and finance programs related to sales, marketing, expansion and market development initiatives.
6) Reporting directly to Director.
All accounts related work. MIS reporting.
All accounts related work, office administration etc.