Summary
Overview
Work History
Education
Skills
Compulsory Professional Training Timeline
Responsibility And Role Played Based On Training
Hobbies-Playing Chess
Disclaimer
Software
Timeline
Generic
CMA. ANKIT JAIN

CMA. ANKIT JAIN

Finance and Accounting
Delhi

Summary

As a seasoned Finance Manager with over 12 years of robust experience in the financial services industry, I am eager to leverage my expertise in strategic financial planning, compliance, and risk management to contribute to the growth and success of a forward-thinking organization. My professional journey has been marked by a commitment to excellence, innovation in financial processes, and a collaborative leadership style that has consistently delivered results. I am passionate about driving operational efficiencies, ensuring compliance, and providing actionable financial insights that support business objectives. Joining a company that values integrity, innovation, and sustainable growth aligns with my career aspirations, and I am enthusiastic about the opportunity to add significant value through strategic financial leadership.

Overview

12
12
years of professional experience
35
35
years of post-secondary education
1
1
Language

Work History

Deputy Manager- Finance & Accounts

APL Apollo Tubes Limited
10.2023 - Current
  • All Banking facilities review and support the allocation of credit line like Fund Base Limit & Non-Fund Base Limit, WCDL, Factoring, Bill Discounting, Buyers Credit, Channel Financing, Term Loan, EPC etc.
  • Preparing banking related documents-Monthly Stock Statement, Debtors & creditors ageing, Monthly sale / Purchase data, Quarterly UFCE, FFR-I, Half Yearly FFR-II, Half Yearly Due Diligence, Annexure-1, Top customer and supplier List, occasionally CMA DATA etc.
  • Preparation of Documentation of Consortium / Multiple Banking Arrangement, Security Trustee Agreement (STA) Documents, ISDA Documents, Follow up for Pari-Passu Letters and other documents.
  • Fund Planning & cash flow statement for transfer funds to reduce interest cost on daily basis between the Group companies.
  • Evaluated all investments options to assess return and risk i.e Investment in Mutual Funds.
  • Attending Consortium Meetings with banking officers for quarterly company performance reviews.
  • Dealing with Stock Auditors, coordinate and reply of all queries.
  • Banking relationships: - Manage relationships with financial service providers, negotiate and secure credit facilities with banks.
  • Preparation of documents for Credit Rating, Joint documents, valuation of Property which is on collateral securities
  • Preparation of documents for Renewal of Sanction letters on time, liaise with banks, officials, and other internal business leaders to monitor regulation changes for Enhance credit facility limits.
  • Maintain Records of primary and collateral securities given for securing credit limit from banks, Pari-passu letter issued by banks.
  • Maintain Fixed Deposit chart, FD lien chart given against LC and BG & CBG issued & Received chart, Review rate of interest of FD and renewal of FD on timely taken the FD OD Limits if beneficial.
  • Monitor Monthly Cash Credit account interest and fees and daily basis review all other charges i.e. commitment charges, inspection charges, processing fee, interchange fund base to non-fund base limit charges etc. applies for reversal of excess and unnecessary Charges.
  • Harmonize the banking process to simplify and standardize the procedure and number of banks used, Coordinate with bank for GST invoices and advices of Bank charges on regular basis.

Manager- Accounts & Finance

Jyoti Strips Private Limited
03.2020 - 06.2023
  • All Banking facilities review and support the allocation of credit line like Fund Base Limit & Non-Fund Base Limit, WCDL, Factoring, Bill Discounting, Buyers Credit, Channel Financing, Term Loan, EPC etc.
  • Preparing banking related documents-Monthly Stock Statement, Debtors & creditors ageing, Monthly sale / Purchase data, Quarterly UFCE, FFR-I, Half Yearly FFR-II, Half Yearly Due Diligence, Annexure-1, Top customer and supplier List, occasionally CMA DATA etc.
  • Preparation of documents for issue Letter of credit (L/C), Bills of Exchange (BOE) discounting sale & purchase both types, Bank Guarantee preparation and cancellation documents.
  • Attending Meetings with banking officers for quarterly company performance reviews.
  • Dealing with Stock Auditors / ASM auditors, Credit Invoice Auditor coordinate and reply of all queries.
  • Banking relationships: - Manage relationships with financial service providers, negotiate and secure credit facilities with banks.
  • Preparation of documents for foreign payments, Credit Rating, Joint documents, valuation of Property which is on collateral securities
  • Preparation of documents for Renewal of Sanction letters on time, liaise with banks, officials, and other internal business leaders to monitor regulation changes for Enhance credit facility limits, GECL loans etc.
  • Renewal of LEI Code Registration.
  • Maintain Fixed Deposit chart, FD lien chart given against LC and BG & CBG issued & Received chart, Review rate of interest of FD and renewal of FD on timely, Renewal of LEI Code Registration.
  • Monitor Monthly Cash Credit account interest and fees and daily basis review all other charges i.e. commitment charges, inspection charges, processing fee, interchange fund base to non-fund base limit charges etc. applies for reversal of excess and unnecessary Charges.
  • Harmonize the banking process to simplify and standardize the procedure and number of banks used, Coordinate with bank for GST invoices and advices of Bank charges on regular basis.

Deputy Manager- Accounts

Lloyd Insulations India Limited
04.2019 - 02.2020
  • Put all day-to-day accounting entries in accounting software.
  • Preparation and Maintenance of Financial Accounts while complying with all statutory obligations.
  • Monthly Closure of books of accounts, Bank reconciliation, inter-unit reconciliation and Revenue Recognition working.
  • Monitoring of Advances & Expense Payable ledgers and their Settlements and Provisioning of Expenses.
  • Preparing Data for Gratuity and leave encashment valuation.

Assistant Manager- Accounts & Finance

ART Housing Finance (India) Limited
11.2016 - 11.2018
  • Put all day-to-day accounting entries in accounting software, Payments of Supplier Bills, Preparation of Invoice and Payments follow-up.
  • Preparation of quarterly actual vs budget variance reports and Notes on Balance Sheets.
  • Follow the cost control and cost reduction concept where it is possible.
  • Preparation and Maintenance of Financial Accounts while complying with all statutory obligations.
  • Preparation of credit & debit note once approved.
  • Maintaining of Voucher’s Filling and all the documents related to accounting.
  • Calculation of DSA commission and their payments with posting accounting entries.
  • Monitoring of Advances & Expense Payable ledgers and their Settlements and Provisioning of Expenses.
  • Reviewing of vendor statement of accounts and resolve the account reconciliation issues.
  • Complete Accounting of Branches with monitoring petty cash transaction to avoid unnecessary expense and preparing petty cash reconciliation.
  • Preparation of FAR and doing assets insurance update on monthly basis.
  • Verify the Employee Reimbursement expenses and all transactions in corporate credit card statements.
  • Maintenance of all directors’ expenses -travelling, medical, fooding / meal expense, conveyance, telephone/ mobile etc.
  • Update and enhance the system to improve the daily work.
  • Ensuring computation, deposit & timely filing of TDS & GST challan & returns.
  • Taking care of GST compliances such as GST Reconciliation and annual return.


Manager-Finance

Sea Consulting Private Limited
09.2012 - 11.2016
  • Put all day-to-day accounting entries in accounting software, Payments of Supplier Bills, Preparation of Invoice and Payments follow-up.
  • Preparation and Maintenance of Financial Accounts while complying with all statutory obligations.
  • Maintaining of Voucher’s Filling and all the documents related to accounting.
  • Update and enhance the system to improve the daily work.
  • Ensuring computation, deposit & timely filing of TDS & Service Tax challan & returns.
  • Taking care of Service Tax compliances such as GST Reconciliation and annual return.

Education

Certified Management Accountant (CMA) - Accounting And Finance

Institute of Cost Accountant of India (ICAI-CMA)
Delhi, India
04.2001 - 04.2010

Accounting Technician - Accounting And Finance

Institute of Chartered Accountant of India (ICAI-CA)
Delhi, India
04.2001 - 04.2013

Chartered Accountant (Inter CA) - Accounting And Finance

Institute of Chartered Accountant of India (ICAI-CA)
Delhi, India
04.2001 - 04.2008

B.Com (Pass) - Accounting And Finance

Bhim Rao Ambedkar College (DU)
Delhi, India
04.2001 - 04.2006

Accounting And Business Management

G.B.B. S.S. School (CBSE)
Delhi, India
04.2001 - 04.2003

Secondary / Matriculation (10th Standard) - General Studies

G.B.B. S.S. School (CBSE)
Delhi, India
04.2001 - 04.2001

Skills

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Compulsory Professional Training Timeline

  • M/s Asim Jain & Associates, Delhi CMA Firm - 1 Years (Sep’11 to Aug’12)
  • M/s Alag Kumar & Associates, Delhi CA Firm - 2 years (Mar’09 to Jul’11)
  • M/s BGJC & Associates, Delhi CA Firm - 1 years (Jul’08 to Mar’09)

Responsibility And Role Played Based On Training

  • Preparation of Bank Reconciliation Statements.
  • Filing of Service Tax, TDS & Income Tax returns.
  • Certification areas Cost compliances, CAS-4 etc.
  • Handling various Audits as Statutory / Internal / Vat Audits.
  • Handling various Bank Audits (concurrent, stock, revenue, statutory).
  • Verification of SERVICE TAX & RPF Taxable amounts for certification.
  • Review of Financials of companies with Accounting Standards.
  • Compliances under the Income-tax Act with regard to TDS, Advance Tax, etc.
  • Taking care of the Registrar of Companies (ROC) Compliances.
  • Apply of Roc, Pan Card, Tin no., Service Tax, TDS, TAN No. Registration.
  • Preparing Audit Programs and Audit Checklist as per client’s specification.
  • Vouching of various books like Purchase Book, Cash Book, Journal Book, Sales Book.
  • Scrutiny of General Ledgers and Computation of Depreciation.
  • Finalization of Balance Sheet, Notes to Account and Audit Report.
  • Verification of CARO and enquiry under Sec. 227(1A).
  • Checking & Establishment of internal control system (area covered- customer care, plant maintenance, production, HR department, safety).

Hobbies-Playing Chess

I play chess because it is so challenging to me. It makes me think, is a good way to spend free time, and I enjoy seeing my game improve, as slight as the improvement is.

Disclaimer

I hereby declare that the above-mentioned information is true and correct to the best of my knowledge and belief.

Software

SAP S/4 HANA

Tally ERP9

Timeline

Deputy Manager- Finance & Accounts

APL Apollo Tubes Limited
10.2023 - Current

Manager- Accounts & Finance

Jyoti Strips Private Limited
03.2020 - 06.2023

Deputy Manager- Accounts

Lloyd Insulations India Limited
04.2019 - 02.2020

Assistant Manager- Accounts & Finance

ART Housing Finance (India) Limited
11.2016 - 11.2018

Manager-Finance

Sea Consulting Private Limited
09.2012 - 11.2016

Certified Management Accountant (CMA) - Accounting And Finance

Institute of Cost Accountant of India (ICAI-CMA)
04.2001 - 04.2010

Accounting Technician - Accounting And Finance

Institute of Chartered Accountant of India (ICAI-CA)
04.2001 - 04.2013

Chartered Accountant (Inter CA) - Accounting And Finance

Institute of Chartered Accountant of India (ICAI-CA)
04.2001 - 04.2008

B.Com (Pass) - Accounting And Finance

Bhim Rao Ambedkar College (DU)
04.2001 - 04.2006

Accounting And Business Management

G.B.B. S.S. School (CBSE)
04.2001 - 04.2003

Secondary / Matriculation (10th Standard) - General Studies

G.B.B. S.S. School (CBSE)
04.2001 - 04.2001

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CMA. ANKIT JAINFinance and Accounting