Summary
Overview
Work History
Education
Skills
Activities
Timeline
Generic

ABHISHEK HASMUKHBHAI SAGAR

Mumbai

Summary

With over 9 years of experience in the outsourcing industry and shared service, I have successfully managed accounting, record-to-report (RTR), general ledger, and financial reporting. Highly proficient in handling multiple onshore transitions from various geographies, including the UK, and Europe. Expertise lies in preparing and maintaining books of accounts while ensuring compliance with timeliness, quality, and accuracy norms. Consistently demonstrated ability to effectively manage operations within tight deadlines. Strong leadership skills and proven track record of motivating and guiding team members to achieve their goals. Excel in analyzing existing processes and providing valuable suggestions for process improvements whenever possible.

Overview

10
10
years of professional experience

Work History

Team Leader

V Group
Mumbai
10.2024 - Current
  • Ensured timely month-end closing activities and reconciliations.
  • Prepared and validated monthly financial reports in Hyperion.
  • Led the process transition for 6 business units across the U.K. and Istanbul.
  • Generated weekly cash flow forecasts and reports.
  • Reviewed team deliverables for accuracy and quality.
  • Managed the R2R process for 45 vessel units, leading a team of four.
  • Approved payments, intercompany transfers, and reimbursements.
  • Supported audits, resolving discrepancies, and ensuring compliance.
  • Collaborated on budget control and cost management.
  • Supervised financial reporting, cost analysis, and balance sheet reviews.
  • Developed SOPs, trained staff, and promoted continuous improvement.
  • Managed vendor disputes, cash flow, and payment authorizations.
  • Supported management with budgeting, reporting, and ad-hoc tasks.

SENIOR ACCOUNTANT - RECORD TO REPORT (R2R)

V Group
03.2020 - 09.2024
  • Working as Subject Matter Expert in R2R Department and handling team of 4 team member.
  • Took transition of whole accounting process from UK stakeholders for 2 entities and working toward making it successful and smooth process.
  • Created SOP (standard Operating Procedure) for each activity and signed off by Finance Manager & Finance Controller.
  • Ensuring completion of month end closure job on timely manner by reviewing and performing multiple activities.
  • Ensured to prepare, review and post monthly accounting entries to General Ledger.
  • Ensuring correct and accurate Month End Journal Entries are posted by reviewing and making changes wherever needed.
  • Preparing Cash Flow and Cash flow forecast file on weekly basis.
  • Successfully handling Balance Sheet Reconciliations solely and providing resolutions on queries related to.
  • Managing monthly intercompany processes and reviewing GL accounts.

ACCOUNTANT- ACCOUNT RECEIVABLE (O2C)

V Group
07.2018 - 02.2020
  • Performing core AR functions - Invoicing, Cash Application.
  • Daily bank reconciliation MIS Reporting, Intercompany invoicing/Reconciliation.
  • New customer creation, Customer Account reconciliation.
  • Audit queries, Journal entry posting.
  • Establishing communication with the respective agency on a regular basis for adherence to TAT with respect to daily deliverables.

PAN INDIA AR CORDINATOR

DIEBOLD NIXDORF INDIA PVT LTD
04.2017 - 07.2018
  • Managing PAN India Collections, Responsible for the Collection Forecasting, Cash realization Reports, Adjusting the Unadjusted Credits & Collect the Must Collect Collection to save the P&L hits.
  • Achievement throughout with Diebold: Dropping of Unidentified and Unallocated Credit (UAC) from Amount 9Cr to 2Cr with further placement of strong internal control system in the process.
  • Minimizing the total Accounts Receivable from 37Crs to 25Crs as on date and thereby enhancing the working capital efficiency of company to its fullest extent.
  • Day to day interaction with Finance department for knocking off the Credit Note, PRA & CPA Account Reconciliation, Journal Entries.
  • Trained resource within the company who runs the E&Y AR tool.
  • Currently executes these responsibilities for all the BUs.
  • Breaks down the monthly AR file at invoice level by region and responsibility.

FINANCE CONSULTANT

DIEBOLD NIXDORF INDIA PVT LTD
09.2015 - 03.2017
  • AR Ageing Report Preparation on monthly basis.
  • Follow up with the Account manager for unaccounted cash related work of respective areas and segment of the Services.
  • Reconciliation of customer accounts.
  • Data analysis & coordinating with the Regional Managers Regarding Payment Receipt Advice/Customer Payment Advice and managing data.
  • Penalty Validation as per Company Policy & Write off Request Process.
  • Application of invoices into oracle system adjusting the unaccounted cash into oracle system.

Education

POST GRADUATE DIPLOMA - FINANCE

ADITYA INSTITUTE OF MANAGEMENT STUDIES AND RESEARCH
Mumbai
05.2015

BBA - Finance & Marketing

KIRANDEVI SARAF INSTITUTE
Mumbai
05.2013

Skills

  • General ledger accounting
  • Balance sheet reconciliation
  • Intercompany reconciliation
  • Month-end reporting
  • Cash Flow Analysis
  • Microsoft Dynamics
  • Oracle R11
  • People management

Activities

  • Won certificate for 3rd position entrepreneurship idea competition PCMRD College (Pune).
  • Was a member of the event 'METANOIA' in Aditya Institute of Management Studies and Research.

Timeline

Team Leader

V Group
10.2024 - Current

SENIOR ACCOUNTANT - RECORD TO REPORT (R2R)

V Group
03.2020 - 09.2024

ACCOUNTANT- ACCOUNT RECEIVABLE (O2C)

V Group
07.2018 - 02.2020

PAN INDIA AR CORDINATOR

DIEBOLD NIXDORF INDIA PVT LTD
04.2017 - 07.2018

FINANCE CONSULTANT

DIEBOLD NIXDORF INDIA PVT LTD
09.2015 - 03.2017

POST GRADUATE DIPLOMA - FINANCE

ADITYA INSTITUTE OF MANAGEMENT STUDIES AND RESEARCH

BBA - Finance & Marketing

KIRANDEVI SARAF INSTITUTE

Similar Profiles

CREATE PROFILE
ABHISHEK HASMUKHBHAI SAGAR