Ashok Padmashali
Deputy Manager - Banking And Treasury
Thane, Dombivali
Summary
Resourceful Manager offering history of success coordinating and monitoring operations across various departments. Effective leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Highly committed with hardworking mentality to maintain quality of services and products.
Overview
16
16
years of professional experience
19
19
years of post-secondary education
2
2
Certifications
1
1
Language
Work History
Deputy Manager - Accounts, Finance and Tax
MICROTECH DEVELOPERS Ltd (LODHA GROUP)
Mumbai, Maharashtra
2023.09 - Current
- Daily bank balance (Nos. 586) report to management.
- Daily withdrawal from RERA account as per certificate availability.
- Monthly inter group company (Nos.25) reconciliations and inform pending entries to concern department.
- Keeping track of RERA certificate and inform concern department for arrangement of new certificate.
- Assist in monthly Term Loan and FD's reconciliation.
- Fund Transfer and RTGS for vendors payments.
- Daily arrangement of funds in accounts for releasing vendors payment and statutory payment.
- Accounting banking entries in SAP for monthly reconciliation
- Analyzed and reported performance data, translating findings into practical improvement actions
Assistant Manager - Finance and Accounts
RAYMOND LTD REALTY DIVISION
Thane, Maharashtra
2018.06 - 2023.09
- Daily Bank Balance (Nos. 60 Accounts) and Collection report (Nos 4 Project) to the management (CFO & CEO) and Group Treasury team.
- Responsible for day to day fund allocation to meet operational activities.
- Investment of surplus funds in Co-ordination with CFO in appropriate investment avenues in accordance with investment policies.
- Establish and manage relationship with banks, financial institutions, lenders and investors.
- Assist in Pre - Post loan disbursement compliance for terms loan / funding.
- 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 Collection etc.
- Arranging Virtual account facility to resolve issues of unidentified receipts / collection
- Liaising with Bank to execute trade finance transaction LC Opening, Foreign Remittance (Outward Remittance) & Bank Guarantee.
- Responsible for daily Vendor payments, RTGS, NEFT, Inter Co Fund Transfer, Rental cheques payments, approval cost, Investment, Customer refunds and Other Statutory payments and monthly TDS, GST and RCM etc.
- Issuing G's and keeping track of LC payment, Term Loan Interest and Bank Guarantee received from vendors.
- Responsible for Integration of Automatic Vendors payment process and MT940 Bank reconciliation smooth business process.
- Ensure new Projects activities/processes executed efficiently and effectively with appropriate controls, training and documentation
- Monthly Cash Flow (PTD and YTD) and Vendors aging reports
- Responsible for monthly closing activities and reconciliation of Banks, Investment, Petty Cash, FD's.
- Inter Company Fund Transfer, Provisional entries (TL Interest Accrued Interest, TMC Payment etc.) and Mutual Fund in SAP on regular basis.
- Handling internal and external auditors for monthly and quarterly audit.
Sr. Officer -Accounts and Finance
ADANI INFRASTRUCTURE AND DEVELOPERS PVT. LTD.
Bandra, Mumbai
2015.05 - 2018.06
- Fund Management: 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.
- Bank Reconciliation: Monitor bank reconciliation on Daily/ weekly /monthly basis IN ORDER TO avoid unaccounted open items
- Keeping track of monthly interest and loan repayment working, EMI, 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 are executed efficiently and effectively with appropriate controls, training and documentation.
- Responsible for preparing various 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 first level Business Process support to user in area of Procurement to payment (AP Process), Asset Accounting, Banking and Repair Act as Bridge between IT Team and business users.
- Supporting Team in Finance process testing in different phase of project like UAT (SAP FI and MM).
- Supports Internal & External audit for Accounts Payable areas.
- Ensure compliance with all internal controls and established policies and procedures.
Sr. Officer - Finance and Accounts
SHETH CREATORS PVT LTD
Bandra, Mumbai
2013.07 - 2015.05
- Daily fund position report to management.
- Liaison with banker for RTGS, NEFT & IFT payment or funds transfer responsibilities.
- Keeping track of daily Sales collections and 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, Mumbai
2010.07 - 2013.06
- 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 Bills in SAP received from various Departments. · Daily payment entries (Vendors, Advance, Retention etc.) in SAP.
- Daily updating 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 Intercompany fund transfer entries in SAP and reconcile same.
- Filling various documents for audit process (Intercompany and Payments).
- Keeping track of cheques books stock.
- Assist in Audit and Year end closing activities
SAP MDM Support
VOLTAS LIMITED
Chinchpokli, Mumbai
2007.09 - 2010.07
- Code Creation for Customers, Vendors and Channel Partners
- (Dealers/Distributors/Retailers/ Service Franchisee/Booking Agents) Monthly sending MIS report for all customer and channel partner creation report to branches (Nos. 32).
- Monthly follow with branches for details regarding PAN, VAT no., TIN no. for channel partners and updating same in system and blocking same those who are not giving details.
- Cancellation Sales & Service Invoice and Delivery Challan as per mail received from branches.
- Material creation and maintaining price condition in SAP and extending same in branches
- Preparing MIS Report for Serial no complaints from branches and updating same in system
- Credit limits defining in system for Channel partner as per mail from BM, RFM or CFO
- Spare and equipment creation for material
- Solving queries regarding Customer, Vendor creation, material as per mail from branches
- Preparing LSMW project for Data mining.
Education
Post Graduation Diploma in Financial Management - Financial Management
Prin. L.N. Welingkar Institute of Management Development And Research
Matunga, Mumbai, Maharashtra 2013.04 - 2014.08
Advance Diploma - Business Administration
Prin. L.N. Welingkar Institute of Management Development And Research
Matunga, Mumbai, Maharashtra 2013.04 - 2013.08
Diploma in Financial Managment - Financial Management
Prin. L.N. Welingkar Institute of Management Development And Research
Matunga, Mumbai, Maharashtra 2009.01 - 2023.02
Bachelor of Commerce From Mumbai University - Financial Accounting
S.I.W.S. N.R. Swamy College of Commerce And Econom
Wadala, Mumbai, Maharashtra 2003.06 - 2005.05
H.S.C From Maharashtra State Board Pune -
S.I.W.S. N.R. Swamy College of Commerce And Economics, Maharashtra State Board
Wadala, Mumbai, Pune, Maharashtra 2001.06 - 2002.03
S.S.C From Maharashtra State Board Pune -
Gandhi Memorial English School
Matunga, Mumbai, Maharashtra 2000.04 - 2000.05
Skills
Fund Management
undefinedCertification
Raymond Ltd
Hobbies
Playing Cricket
Latest Gadget and IT's
Listening songs
Timeline
Deputy Manager - Accounts, Finance and Tax
MICROTECH DEVELOPERS Ltd (LODHA GROUP)
2023.09 - Current
Raymond Ltd
2021-10
Assistant Manager - Finance and Accounts
RAYMOND LTD REALTY DIVISION
2018.06 - 2023.09
Sr. Officer -Accounts and Finance
ADANI INFRASTRUCTURE AND DEVELOPERS PVT. LTD.
2015.05 - 2018.06
Sr. Officer - Finance and Accounts
SHETH CREATORS PVT LTD
2013.07 - 2015.05
Post Graduation Diploma in Financial Management - Financial Management
Prin. L.N. Welingkar Institute of Management Development And Research
2013.04 - 2014.08
Advance Diploma - Business Administration
Prin. L.N. Welingkar Institute of Management Development And Research
2013.04 - 2013.08
Sr. Officer in Banking and Accounts
K RAHEJA CORPORATE SERVICES PVT. LTD.
2010.07 - 2013.06
Diploma in Financial Managment - Financial Management
Prin. L.N. Welingkar Institute of Management Development And Research
2009.01 - 2023.02
SAP MDM Support
VOLTAS LIMITED
2007.09 - 2010.07
Bachelor of Commerce From Mumbai University - Financial Accounting
S.I.W.S. N.R. Swamy College of Commerce And Econom
2003.06 - 2005.05
H.S.C From Maharashtra State Board Pune -
S.I.W.S. N.R. Swamy College of Commerce And Economics, Maharashtra State Board
2001.06 - 2002.03
S.S.C From Maharashtra State Board Pune -
Gandhi Memorial English School
2000.04 - 2000.05
The Best Team Performance in Liquidity Management and Fund Raising
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