Arun Naik

Responsible for the timely and accurate reporting of all compliance schedules, as per the Financial Reporting Calendar.

• Controllership Framework reporting : A monthly key schedule is to be presented to top management, which includes the Inventory and Amortization Schedule, WIP, Tape Receipt vs. Telecast Schedule, Artist Schedule, TDS Schedule, and Show Closure Status Schedule.
• Expenses Variance Analysis (COC – Cause of Change) : Preparation of monthly variance analysis to identify significant fluctuations in various expense categories, and supplying relevant explanations to the Financial Reporting team.
• Statuary Compliance : Verification of TDS details, processing of payments, filing of returns, issuance of TDS certificates, and addressing inquiries (assessment) from the Income Tax Department.
• Handled accounts payable and receivable functions, ensuring timely payment processing and collection efforts.
• Invoice booking and releasing payment related to movie payment, producer-related payment, and Opex payment.
• Reconciled balance sheets and income statements each month.
• Optimized cash flow management, leading to improved liquidity for the organization.
• Evaluated existing accounting systems, identifying areas of improvement for increased efficiency and accuracy.
• Spearheaded successful financial audits by maintaining accurate records and documentation.
• Mentored junior finance staff members, fostering a culture of continuous learning and professional development.
• Established solid relationships with external partners including banks, auditors, vendors, and clients to support business objectives.
• Administered expenses in line with forecasted business demands and available income.
• Maintained policy, procedure and regulatory compliance business-wide.
• Supported year-end audits by preparing physical and digital records for review.
• Maintained up-to-date knowledge on industry best practices and applicable regulations to ensure compliance across all aspects of accounting and finance operations.
• Processed vendor payments, invoices and account statements.
• Improved financial accuracy by implementing streamlined processes for budgeting and forecasting.
• Assisted staff with questions about budgets, disbursements and other financial matters.
• Oversaw employee expense tracking with associated expense verification and credit card reconciliation.
• Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
• Evaluated and negotiated contracts to procure favorable financial terms.
• Created financial dashboards to provide insights into key performance indicators.

Accomplishments:

• Played a pivotal role in financial integration during various mergers, managing the consolidation of financial data, policy alignments, intercompany transactions, etc.
• I played a key role as a team member in the successful migration from Sun System to SAP. The content module was specifically tailored for managing programming costs, including amortization, inventory, advance reclassification, work in progress (WIP), and bank reconciliation, among others.
• Played a key role in resolving and eliminating TDS default issues worth ₹400 crore.
• Designing and implementing SOPs.

• Job Responsibilities:
• Expenses booking in appropriate GL Code
• Operating Tally (4.5)
• Physical Stock Verification twice a month at Factory Premises
• Ledger Scrutiny (Debtors and Creditor, and Flashing of Ageing Report to Management)
• Monthly Statuary Compliance: Sales Tax and TDS payment and Quarterly Return filing.
• Processing and Supervision for NON-CTC reimbursement.
• DTR Schedule preparation & resolve query of APO & internal audit query.
• Handling of Documentation for Import Division
• Provided Assistance to get clearance from Customs Department
• High SEA Value documentation.

• Job Responsibilities:
• Preparation of Monthly Reimbursement Sheet of NON-CTC for Employee.
• Preparation of Timely & Accurate MIS according to Management Requirements.
• Contractor Payment Tracker and Balance Confirmation
• Bank Reconciliation for all collection and Operative A/c

• Job Responsibilities:
• Taking care of Monthly Sales Tax and Quarterly Sales Tax Return and other Compliance
• Audit & Verification of Fixed Assets and Physical Verification of Stock at factory Location
• Bank Reconciliation: For all Operative and Non-Operative A/c
• Booking of accounting transaction in Tally & Preparation of Fund Flow Statement