ASHISH SARKAR
Bengaluru
Summary
Seasoned Vice President Finance & Accounts focused on helping companies accomplish missions and drive growth. Expansion-minded professional versed in navigating complex financial challenges.
Overview
20
20
years of professional experience
Work History
Vice President-Finance
ITriangle Infotech Private Limited
2022.11 - Current
- Handling Indian and foreign Investments activities (SPV) like due diligence and prepare financials as per Investors requirement
- Planning of fund requirement and Cash flow management
- Monitoring team and providing guidance for each level of activity
- Audit books of accounts time to time and advice team for necessary changes
- Verify MIS (related to revenue-category wise, receivable status, utilization of funds statement) and present to Board of Director
- Prepare product wise profitability statement and analysis the variance
- Prepare Budget and quarterly analysis Budget vs Actual
- Meeting with respective departments head and analysis reason for variance (if it is more than 10% variance)
- Analysts’ health of the Organization and advice to BOD for any necessary changes
- Advice to Board of Director for any finance related decision with require data
- Financial strategy, including risk minimization and opportunity forecasting
- Handling complete statutory compliance like GST, TDS, advance tax
- Verify payroll calculation and employee Income tax
- Provide training to Accounts and finance team
- Banking and Company loan related activities
- Inventory management
- Fixed assets management
- Finalization of books of accounts and preparation of financials reporting statement
- Handling Statutory Audit
- Coordinate with Company Secretary (if require) for any ROC related activities.
- Demonstrated proficient leadership skills to motivate employees and build competent teams.
- Identified opportunities to improve business process flows and productivity.
- Collaborated with senior management to develop strategic initiatives and long term goals.
- Established performance goals for department and outlined processes for achievement.
- Identified and resolved issues between employees, promoting better collaboration and mutual respect.
- Established performance goals for department and provided methods for reaching milestones.
- Increased company growth through collaboration with sales and marketing departments.
Vice President-Accounts & finance
Miles education Private Limited
2021.03 - 2022.05
- Handling complete account and finance-related activity in India’s all Branches including H.O
- Managing Assets of the company
- Handling Accounts and finalize books of account of Subsidiary Company in Dubai, UAE under IFRS
- Handled complete accounts and finance of Subsidiary company in India and UAE
- Prepared consolidation of holding and subsidiary Companies (Master campus Pvt Ltd and Futurense technologies Pvt Ltd.)
- Handled related parties’ transactions
- Prepare Management Information System (MIS) report, cash flow statement
- Handled Payroll of 1000 permanent and contractual employees and payroll related compliance like calculation of PF, ESIC, Income tax of the Company in India as well as in Dubai, UAE
- Monthly statutory compliance like GSTR-1, reconciliation of Books and GSTR-2A and 2B, filing of GSTR-3B, TDS, advance tax, and filing of statutory returns
- Replied on notices received from the tax department as well as TRACES
- Documentations for import (TRC, form-15CA, 15CB)
- Handling aging of Accounts receivable and payable
- Compute branch-wise profitability statement and present to Management
- Handled Company Statutory Audit with big-4 Auditors-“Grant Thornton”
- Assist to Company Secretary for all ROC related matters.
CFO
Diamond Display Solutions Pvt. Ltd.
2012.11 - 2021.03
- Strategically plan & implement the systems, policies & procedures to initiate and control finance, projected towards organizational goals to maximize profitability and generate revenue
- Handle Project accounts
- Monitoring team and providing guidance for each level of activity and implication of finance
- Handling and controlling Branches and branch accounting
- Prepare Budget as per Company performance and analysis Actual vs
- Budget and implementing corrective actions to improve the processing and presented to Management
- Analysis of Company cost, Monitoring Company cash flow circulation, and finding out the ways of keeping profit in the bank account instead of in books/paper profit(in financial)
- Coordinating with Customers as well as the sales department for any kind of payment issue
- Manage and analyze the company’s Direct and Indirect tax compliances like TDS, Income tax, Advance tax, GST calculation, reconciliation of ITC, and filing of return
- Handled Statutory Registers, Accounting of expenses, adjustments, sundry creditors/debtors reconciliation, reviewed and process payroll and overtime of labour of 500 Employees, Suppliers, Contractors and transports, and other service-related bill verification and process for payment, Retention Money, handle Company Internal audit
- Calculation of Employee Income tax
- Handled quarterly Stock Audit conducted by Bank
- Negotiate/ liaise with the banks & financial institutions for raising funds and non-fund-based facilities at favorable terms to meet working capital requirements
- Negotiated with Banker regarding Bank Interest and Bank charges
- Negotiate with Suppliers/transporters for all kind of supplies and services
- Handled Company statutory Audit
- Liaise with Company Secretary for Company ROC-related matters
- Also, liaise with advocate for any suit against Customer if required.
- Oversaw budgets, payroll, and accounts payable and receivable.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Directed budget development, creation of budgetary controls and recordkeeping systems and investment management.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
- Implemented cost reduction initiatives and process improvements to optimize efficiency and productivity.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Improved cash flow, retired debt and built cash reserves to control costs and enhance benefits.
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Analyzed inventory strategy, reduced expenses and renegotiated contracts with vendors to increase profit margin.
- Conducted detailed analysis of company financial information to drive internal and external financial reporting, stewardship of company assets and ownership of cash management.
- Prepared year-end fixed asset schedule to create positive impact on shareholders, creditors and investors.
- Worked closely with audit team to hedge against or mitigate operational risks.
- Managed financial, operational and human resources to optimize business performance.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Maintained P&L and shouldered corporate fiscal responsibility.
Assistant Manager
Bizprout Corporate Solutions Pvt. Ltd.
2010.02 - 2012.08
- Handled complete Accounts, taxation, payroll, PF, ESIC, PT, finalization of books of accounts of 10-12 outsourced companies.
Asst. finance Manager
Coastliners Pvt. Ltd.
2008.02 - 2010.01
Accounts Executive
Maple Export Pvt. Ltd.
2006.11 - 2008.01
Accounts assistant
Nirupam & Associates
2004.05 - 2006.10
Education
Certified Public Accountant -
AICPA
United State Of AmericaCertified Management Accountant - Business Management
Institute of Management Accountant
United State Of America12.2021
MBA - Finance
Kuvempu University
Shimoga, India06.2012
Bachelor of Commerce - Accounts And Finance
Bonhooghly College of Commerce
Kolkata, India03.2004
Skills
- Data Analysis
- Working Capital Management
- Audit and Due diligence
- Cash Flow Management
- Investor Relations Management
- Continuous Learning Mindset
- Team Management
- Ethical Decision Making
- Cost Reduction Strategies
- Budgeting and Forecasting
- Financial Reporting
- Consolidation
Languages
English
Bilingual or Proficient (C2)
Hindi
Advanced (C1)
Bengali
Bilingual or Proficient (C2)
Timeline
Vice President-Finance
ITriangle Infotech Private Limited
2022.11 - Current
Vice President-Accounts & finance
Miles education Private Limited
2021.03 - 2022.05
CFO
Diamond Display Solutions Pvt. Ltd.
2012.11 - 2021.03
Assistant Manager
Bizprout Corporate Solutions Pvt. Ltd.
2010.02 - 2012.08
Asst. finance Manager
Coastliners Pvt. Ltd.
2008.02 - 2010.01
Accounts Executive
Maple Export Pvt. Ltd.
2006.11 - 2008.01
Accounts assistant
Nirupam & Associates
2004.05 - 2006.10
Certified Public Accountant -
AICPA
Certified Management Accountant - Business Management
Institute of Management Accountant
MBA - Finance
Kuvempu University
Bachelor of Commerce - Accounts And Finance
Bonhooghly College of Commerce
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