AMIT VIJAY BHATKAR
Chinchwad
Summary
A competent professional with over20 years in the Accounting sector; expertise in all aspects of accounting and financial management. Rich experience in managing end-to-end finance & accounts activities such as financial accounting & reporting, monthly periodic closure, finalization of accounts, preparation of financial statements, consolidation of accounts, tax compliances and audit. Skilled in preparation, review and finalization of monthly P&L and Balance Sheet; conducted monthly variation analysis. Expert at implementing financial procedures, maintenance & finalization of accounts as per statutory requirements. Experienced in administering the reconciliation process, internal control & monthly accounts closing process while reviewing & finalizing financial statements. Excellence in providing timely, relevant & accurate reports & analysis of the organization’s performance to facilitate decision-making. Rich exposure of developing financial strategies, participating in the divisional and corporate decision-making process, financial reporting, budgetary management, and reporting all capital commitments and expenditures. Recognised for GST Structure Implementation into ERP (MS Dynamics NAV). Successfully calculated hourly rate for Engineering Division.
Overview
20
20
years of professional experience
Work History
Dy. General Manager – Finance & Accounts
Liberty Steel India Limited
09.2024 - Current
- Analyze monthly, quarterly, annual financial statement (P&L, Balance Sheet, CF) to provide insight on cost control, margin improvement & profitability
- Lead quarterly budgeting process for all JV companies; track budget vs
- Actual performance, providing explanations for variances and recommending corrective actions
- Manage company’s cash flow to ensure sufficient liquidity for operations and capital expenditures
- Handled overseas funding activities like ECB, CCD, CCD
- Monitor plant accounting (within the region) including GL review
- Determine pricing strategy, recovery analysis
- Oversee tax planning, tax return preparation, and compliance
- Present to Director’s Office monthly FS, Budget, rest MIS
- Coordinate with UK & Dubai office on monthly MIS and presentation
AVP – Head of Accounts, Finance , Banking
Lavino Kapur Cottons Private Limited
06.2022 - 09.2024
- Product Costing, Monthly MIS, Balance Sheet Finalization, Internal Controls
- Cost analysis, banking and credit line facilities, hedging and short-term funding, forward contracts and its roll overs, PCFC calculations, working capital management
- Advisory committee presentations and cost analysis
- Strategic decision on new product launch
- Production, consumption, wastage analysis for RM, PM
- Responsible for financial activities that maximize profit of the organization
- Draft & implement policies and best practice to support organization objectives
- Execution of various ad-hoc analysis as assigned
- Capital and operating budgets set-up and monthly analysis
- Acted as a Plant controller
- Budget preparation
- ERP implementation
General Manager – Head of Accounts
Meher Distilleries Private Limited
02.2020 - 05.2022
- Managing financial systems and budget
- Set-up and coordinating Tally ERP implementation
- Reviewing the company’s system and analyse risk
- Drive the company’s financial planning
- Decide on investment strategies by considering cash and liquidity risk
- Control and evaluate company’s fundraising plans and capital structure
- Ensure cash flow is appropriate for the company’s operation
- Supervise all finance HO and factory personnel (stores, excise, billing, treasurer’s etc.)
- Manage junior colleagues
- Prepare and monitor reliable current & forecasting reports
- Develop the annual internal audit plan and its scoping, tracking the process of internal audits by auditors and ensuring timely completion within stipulated schedule
- Responsible for reconciling all capital spending
- Drive monthly closing process including completion of accounts analysis, bank reconciliation
- Review monthly expenses
- And ensure all necessary accruals are recorded
Manager - Accounts
Cavotec India Private .Ltd.
04.2009 - 06.2019
- Managing accounting, finance, revenue forecast reporting, budgeting, strategic planning, deal analysis and negotiation, project calculation, & engineering hourly rate
- Spearheading a team of4 people for accounts, financial, taxation, audit, FEMA, and company secretarial activities of the organization
- Supervising reporting, MIS preparation, interaction with HQ, and query resolution
- Ensuring timely payment of all statutory tax dues; managing import & export documentations and SVB registration formalities
- Steering budget plans, monthly balance sheet, P&L accounts, fixed asset registers and the cash flow statements; managing Capex for new and existing assets
- Monitoring the payroll processing and ensuring timely payment of salary
- Facilitating Internal, Statutory and Tax Audits, and Transfer Pricing
- Periodic closing and consolidation of accounts
- Administering fund management, managing treasury & cash funds for the company
- Liaising with bankers for arranging / renewal / takeover facilities, arranging LC
- Leading working capital management and control overall banking and payment gateway transaction through treasury person
- Supporting tax consultants for ongoing cases with Tax Authorities
- Assisting in the filing of Statutory Returns, Quarterly TDS returns, ROC annual forms
- Coordinating with other country team-members for intra-group transactions
- Collaborating with team members for preparation of P&L account, Balance Sheet on monthly / quarterly basis and the respective statements
Education
Chartered Accountant (Inter) -
01.2002
Govt. Diploma - Co-Op Audit
01.2001
Bachelor of Commerce - undefined
01.1998
Pune University
Skills
- Tally ERP90
- Taxbase
- Auditor P
- ERP – MS Dynamics NAV
- Six Sigma Green Belt Certification
Competencies
- Strategic Finance & Accounts
- Finalisation and consolidation of Accounts
- Internal, Statutory and Tax Audits
- MIS Reporting & Internal Control
- GST Reconciliation / Vendor Payments
- Audits & Taxation
- Fund Management / Treasury Operations
- Cash Flow Management / Transfer Pricing
- Capex Management & Budgeting
- Statutory Compliances
Personal Details
English
Hindi
Marathi
Timeline
Dy. General Manager – Finance & Accounts - Liberty Steel India Limited
09.2024 - Current
AVP – Head of Accounts, Finance , Banking - Lavino Kapur Cottons Private Limited
06.2022 - 09.2024
General Manager – Head of Accounts - Meher Distilleries Private Limited
02.2020 - 05.2022
Manager - Accounts - Cavotec India Private .Ltd.
04.2009 - 06.2019
Pune Centre - Govt. Diploma, Co-Op Audit
Modern College - Bachelor of Commerce,
Institute of Chartered Accountants of India - Chartered Accountant (Inter),
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