Ashok Padmashali
Dombivali
Summary
With 16+ year of evolving Banking, Treasury and accounts payable area within the institution with cash management, funding and liquidity, investment analysis and other financial affairs. Maintain Banking and Other Financial relationship for smooth Business operation. Manages and executes Banking Operation in foreign transaction, cash management and treasury operations. Assists in meeting overall treasury department’s policies and regulatory requirements. Responsible for deployment of fund in investing activities and responsible for the day-to-day operational aspects of the banking and treasury transaction.
Overview
15
15
years of professional experience
Work History
Executive in Finance, Banking and Account
RAYMOND LTD REALTY DIVISION
Thane
06.2018 - Current
- Prepare and keeping track of balancing and managing the daily Cash Flow statement for management review to meet the operational activities.
- Frequent communication to senior management of the company's working capital position and liquidity.
- Investment of surplus funds in Co-ordination with CFO in appropriate investment avenues in accordance with investment policies.
- Establish and manage the relationship with banks, financial institutions, lenders and investors.
- Assist in Pre - Post loan disbursement compliance for terms loan / funding.
- Ensure treasury policy and other regulations' compliance.
- Single Point of Contact (SPOC) with banker for Project approval, Opening and Closing of accounts, Net Banking, CMS Facility, POS, QR Code Scanner and Subvention scheme to support the Collection etc.
- Arranging the Virtual account facility to resolve the issues of unidentified receipts / collection.
- Liaising with Bank to execute trade fiancé transaction LC Opening, Foreign Remittance (Outward Remittance) & Bank Guarantee.
- Keeping track of LC payment and Bank Guarantee received from vendors.
- Integration of Automatic Vendors payment process with HDFC and Axis Bank for smooth business process.
- Integration of Automated Bank Reconciliation Process IN ORDER TO avoid unaccounted open items.
- Ensure new transition activities/processes executed efficiently and effectively with appropriate controls, training and documentation.
- Monthly MIS report for Banking, Treasury and Cash Flow (PTD and YTD) to CFO.
- Daily running the automatic payment proposal for vendor payments and responsible for arranging the funds and releasing of payment for Approval Cost, Other Statutory payments (TDS, GST and RCM) etc.
- Accounting and Responsible for monthly closing activities Bank reconciliation, Investment, Petty Cash, FD’s, ICD, Inter Co. Fund transfer and Mutual Fund in SAP on regular basis.
- To co-ordinate with Internal and External Auditors for any queries related to Monthly, Quarterly and Yearly.
Sr. Officer Banking & Treasury and SAP Accounts
ADANI INFRASTRUCTURE AND DEVELOPERS PVT LTD
Byculla
05.2015 - 06.2018
- Arrange funds on daily basis from banks IN ORDER TO maintain level of required working capital.
- Liaison with bankers for domestic and international transactions LC Opening, foreign remittance, Short term loan Process, MF Investment, Opening and Closing Bank accounts etc.
- Monitor bank reconciliation for 20 plus bank accounts on Daily/ weekly /monthly basis IN ORDER TO avoid unaccounted open items.
- Keeping track of Construction Loan, Equipment loan repayment working, Other Loan, Statutory payment and Vendor payments as per payment terms.
- Manage Accounts payable operations supervisory responsibilities scanning, indexing, invoice processing of PO Invoices and Non PO Invoices.
- Ensure new transition activities/processes executed efficiently and effectively with appropriate controls, training and documentation.
- Responsible for monthly reconciliations such as Bank reconciliation, Employee loan, Vendor, Customer for accurate monthly closing activity.
- Monthly MIS report for Open advance, Open GRIR / SES and Budgeting v/s Actual to Management.
- Responsible for providing support to users in field of SAP FI, MM and SAP Banking areas.
- Ensure compliance with all internal controls and established policies and procedures.
Sr. Officer in Banking and Treasury
SHETH CREATORS PRIVATE LIMITED
Bandra
07.2013 - 05.2015
- Daily fund position report to management.
- Liaison with banker for RTGS, NEFT & IFT payment or funds transfer responsibilities.
- Keeping track of daily Sales collections & ensuring whether cheques are deposit in bank.
- Checking all sales receipt cheques are properly accounted in system & authorizing the same.
- Updating daily bank reconciliation status of all companies (5 Entities).
- Preparing cheques for vendors Payment and issued to vendors.
- Handling complete bank account opening procedure.
- Processing documentation of Foreign Remittance.
- Keeping track of Fixed Deposit (FD) and Other investment.
- Keeping track Secured and Unsecured loans related entries, timely updating of loan status in system.
Sr. Officer in Banking and Accounts
K RAHEJA CORPORATE SERVICES PVT. LTD
Bandra
07.2010 - 06.2013
- Responsible for monthly bank reconciliation more than 60 plus accounts for unreconciled and open item for all companies (More than 40 Entities).
- Co-ordinate with inter department and intercompany for open entries in Bank reconciliation.
- Accounting entries of foreign remittance, buyer’s credits, LC payment, receipt entries in SAP.
- Co-ordination with Banks for Foreign Inward / Outward Remittance, Miscellaneous queries etc.
- Accounting the Bills in SAP received from various Departments.
- Daily payment entries (Vendors, Advance, Retention etc.) in SAP.
- Daily updating the Rent & Maintenance report in excel and corresponding entry in SAP and reporting to DGM.
- Drafting Letters and Correspondence related to Banking for RTGS, NEFT and IFT.
- Accounting the Intercompany fund transfer entries in SAP and reconcile the same.
- Filling the various documents for audit process (Intercompany and Payments).
- Keeping track of cheques books stock.
- Assist in Audit and Year end closing activities.
Education
Mumbai, Maharashtra
06.2018
Mumbai, Maharashtra
05.2015
Mumbai, Maharashtra
06.2013
Skills
- Fund Management
- Team Oriented
- Cash Flow Analysis
- Quick Learner
- Corporate Banking
- Process Improvement
- Bank Reconciliation
- Positive Attitude
- SAP FICO
- S4 HANA
- Result Oriented
Personal Information
Title: Executive – Finance, Banking and Accounts
Timeline
Executive in Finance, Banking and Account
RAYMOND LTD REALTY DIVISION
06.2018 - Current
Sr. Officer Banking & Treasury and SAP Accounts
ADANI INFRASTRUCTURE AND DEVELOPERS PVT LTD
05.2015 - 06.2018
Sr. Officer in Banking and Treasury
SHETH CREATORS PRIVATE LIMITED
07.2013 - 05.2015
Sr. Officer in Banking and Accounts
K RAHEJA CORPORATE SERVICES PVT. LTD
07.2010 - 06.2013
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