Ashmita NAYAK
Bangalore Metro Region
Summary
Results-driven professional experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach.
Overview
5
5
years of professional experience
1
1
Certification
Work History
Fixed Asset Manager
Samsung R&D Institute
10.2022 - Current
- Managed all aspects of fixed assets, from procurement to disposal
- Led CAPEX purchases and ensured tax compliance (domestic & international)
- Provided the P&L and balance sheet variance analysis on a monthly and yearly basis
- Preparation of Annual Business Plan and Annual Operating plan
- Expense GL cleaning and monitoring proper flow of items into their respective heads
- Maintained accurate fixed asset records in SAP (additions, retirements, depreciation)
- Leveraged SAP for project cost tracking and reporting
- Played a key role in cash flow management and vendor payments
- Ensured compliance with outsourcing agreements and tax regulations
- Prepared insightful reports for cross-departmental decision-making
- Reconciled and validated fixed asset data for accuracy
- Led expense & balance sheet analysis for data-driven decisions
- Championed SOX adherence during internal and external audits
- Coordinated fixed asset audits and liaised with auditors
- Preparation of relevant reports for management decision making
- Coordinating and leading the vendor registration process as per the company's guidelines
- Reconciling timely the records for any applicable changes
- Ensuring timely closure of EDPMS and IDPMS relating to overseas CAPEX purchases by coordination with bank as per RBI regulations
- Processing and Verifying payable invoice details against purchase orders, receipts, and contracts to identify any discrepancies
- Scheduling payments according to agreed-upon terms and company policies
- Maintaining strong internal controls to prevent duplicate payments or fraudulent activity
- Generating reports on accounts payable activity and outstanding balances
- Preparation and reconciliation of statutory payments.
Deputy Manager
Narayana Hrudayalaya Limited - Corporate
07.2019 - 09.2022
- Managed team of internal auditors
- Conducted comprehensive internal audits across India
- Ensured adherence to company policies & procedures (financial controls)
- Optimized operational efficiency through internal control reviews (material mg-mt., HR, billing, cash, receivables, payable, statutory payments, fixed assets)
- Performed risk assessments & prioritized audit areas
- Leveraged communication skills to evaluate internal controls
- Conducted RCM controls check for entity level controls for company and subsidiaries
- Efficiently conducted ITSM related audit controls across the company Level
- Have actively lead the overseas branch audit of the company.
Education
Ph.D. - Finance And Accounting
ICAI
Bhubaneswar09.2018
B.Com. (Accountancy Honors) - Finance And Accounting
BJB Autonomous College
Bhubaneswar05.2015
Skills
- SAP
- Certified CHATGPT in MS OFFICE 365
- Dashboards
- HIS (Hinai, Athma)
- Oracle (report level)
- MS Office
- Audit tools
- Power BI
- Fixed Assets
- Account Receivables
- Financial Planning
- Capitalization Procedures
- Financial Modeling
- Cash Flow Projections
- Budgeting
- Variance Analysis
- Cost-saving
- Tax Regulations & Compliance
- TDS Calculation
- Risk Assessment
- SOX Compliance
- Fraud Detection
- Process Improvement
- Tax Remittance
- Team Management
Certification
- Financial Modelling from Internshala.
- SOX Compliance from Udemy.
- Chat GPT in MS Office, Power BI, and Dashboards.
Accomplishments
- Recovered ₹1.3 crore from sponsors, resolving receivables discrepancies and ensuring compliance. Prevented potential losses of ₹6 lakhs through fraud detection.
- Uncovered inventory & accounting errors, rectified discrepancies, and streamlined processes for improved financial accuracy and control. Implemented expense recognition changes aligning with company policies.
- Awarded for outstanding performance within first year at multiple companies.
- Cleared CMA final in second attempt with both groups together.
Languages
English
Hindi
Internship
Cost Accountant Firm, 2015
Customsection
Bengaluru
Personal Information
Date of Birth: 09/21/94
Hobbies and Interests
- Dancing
- Painting
Projects
Faculty Expert Intern: Provided solutions on learning platform (Franbiz Corp). Content Developer: Developed courses for CA & CMA exams (Super Profs). Blogger: Authored financial accounting blogs (Pro Academy). Financial Analyst: Analyzed financial statements (MCL)
Timeline
Fixed Asset Manager
Samsung R&D Institute
10.2022 - Current
Deputy Manager
Narayana Hrudayalaya Limited - Corporate
07.2019 - 09.2022
Ph.D. - Finance And Accounting
ICAI
B.Com. (Accountancy Honors) - Finance And Accounting
BJB Autonomous College
- Financial Modelling from Internshala.
- SOX Compliance from Udemy.
- Chat GPT in MS Office, Power BI, and Dashboards.
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