AKSHAY MAHADIK

Corporate Finance.

• Currently managing end-to-end content financial payouts for SONY Channels, Talent Management Artists, and Non-Fiction Show prize winners.
• Managing Cash Inflows and outflows, Variance Analysis of Budgeted vs Actual Costs
• Ensuring continuous process improvements Payables and Receivables
• Preparing accurate MIS schedules for balance sheet and profit and loss items, Scrutinizing open advance items, reconciling discrepancies, and efficiently closing outstanding advances.
• Leading monthly scrutiny of Goods Receipt Invoice Receipt (GRIR) Account and reviewing open vendor advances, Purchase Order, Deal Memo for accurate and timely processing
• Conducting reconciliations of vendor ledgers, outstanding payments, and confirming balances with vendors.
• Coordinating foreign vendors' remittance and maintaining seamless coordination with banks for necessary
• Rectified escalated accounts payable issues from employees and vendors, reducing loss by 85%
• Reorganized accounts payable processes, decreasing supplier payment delays
• Work closely with the Purchase Team and Finance Team to ensure compliance with procurement and financial processes
• Strong negotiation skills and experience negotiating complex contracts and agreements
• Building and managing relationships with customers
• Continuous engagement with Sales team and procurement team
• Ability to understand the commercial contracts and can extract the required information and details from it and get it executed
• Managing commercial compliances with respect to payment policies, credit norms, review of payment terms and Dealer collection terms
• Produce Distributor commission for PAN India.

• Financial controller.
• Conducted daily REPO FOBO reconciliation and promptly investigated discrepancies for resolution.
• Ensured alignment between the back office and SAP ledger to guarantee accurate financial reporting.
• Performed monthly P&L sign-off to validate trading positions and activities.
• Executed month-end DB Trader to SAP reconciliation to maintain balance sheet accuracy.
• Managed daily FX FOBO reconciliation and efficiently resolved breaks to ensure seamless operations.
• Handled daily MIS and KPI updates to monitor team performance and deliverables effectively.
• Prepared and updated month-end provision packs for clients, with consistent follow-up.
• Managed daily reconciliation for intra-month control accounts to uphold financial integrity
• Supervised processing of operating expenses and vendor payments for multiple entities.
• Supervised processing of operating expenses and vendor payments for multiple entities.
• Managed a team of 6 external resources to ensure efficient inward and outward processes.
• Scrutinized staff reimbursements and vendor claims for accuracy and compliance. Conducted quality checks on invoices and facilitated timely payment runs in SAP0
• Generated monthly SAP reports and presented KPI updates to onshore management. Supported business engineering processes for automation and process improvements.

Corporate Accounts.

• Ensured timely import remittance approval and bank remittance for efficient financial transactions.
• Managed manual cheque payment processes during urgencies to prevent delays and penalties.
• Conducted quality checks on invoices and handled customer and vendor queries related to payments.
• Scrutinized the general ledger entries to maintain accurate financial records.
• Maintained the vendor database, updated vendor information, and ensured effective vendor management.
• Successfully avoided penalties by ensuring timely regulatory and statutory payments.

HO Accounts

Managed invoice bookings in SAP and maintained travel expenses for senior management.

Prepared monthly MIS reports and facilitated timely payments through SAP.

Oversaw travel expense statements and ensured adherence to process documents.

Ensured accurate financial reporting by meticulously verifying payment documentation.