CMA Nikhil Maheshwari
Jaipur
Summary
Results-driven Accounts Payable Manager & Banking Professional with over 10 years of comprehensive experience in managing and optimizing accounts payable processes,Taxation,Forecasting,Expense Analysis, Accruals, and Management Information Systems (MIS) with expertise in financial modeling, data analysis, and forecasting.Proven expertise in streamlining operations, enhancing financial reporting accuracy, and ensuring compliance with regulatory standards.Adept at leading cross-functional teams, implementing best practices, and leveraging technology to improve efficiency and reduce costs.Committed to delivering data-driven solutions that drive financial efficiency and business growth.
Overview
12
12
years of professional experience
Work History
Finance Manager
Emerson Automation India Pvt. Ltd.
Pune
06.2023 - Current
- Leading the Team of Accounts Payable (Vendor Payment & Employee Reimbursement) and Treasury for all payment (Domestic & Foreign) and banking related matters.
- Coordination with Global Financial Services Team, Supply chain team, On-field support agencies for Accounts Payable function, Taxation, and Banking.
- Review of AP aging reports, supplier advances, employee advances, and follow up to clear the old balances.
- Responsible for handling inter-company transactions and Travel and Expenses as per policy.
- Assist in month end reporting requirements (BRS, Advances, Reinstate, Employee Payments).
- Ensure adequacy of internal controls as per requirements.
- Assist in GST & Taxation related reporting requirements (Returns, departmental audits, preparation of various audit schedules.
- Review and Closure of IDPMS, EDPMS, ORM, IRM, and MTT Log.
- Conducted monthly reviews of foreign currency outstanding, AP aging summary, and Employee Related Expenses.
- Enhanced earmarking reconciliation and clearing processes
- Implemented Key Result Areas (KRAs) and Standard Operating Procedures (SOPs) for a variety of financial transactions such as BG, domestic payments, Interco payments, and Advances
- Successfully facilitated the onboarding process for multiple banks to enable efficient BG issuance
- Successfully managed bank balances and cash flow
- Submitted application to RBI via AD Bank
Deputy Manager
Bajaj Allianz Insurance Company Limited
Pune
02.2022 - 06.2023
- Accounting of Vendor Invoices, PR and PO creation, Employee Reimbursement & validation (quantum 90 to 150 Cr/Month)
- Validation of support required for vendor payment and T & E related expenses (Branch Branding, Web branding, Workforce, Events, telemarketing Etc.)
- Commission Pay-out & validation (IB & Agency)
- Managed and improved accounting for GST, TDS, and corporate card expenses
- AP Reconciliations, GL, Payments Recon, Vendor Aging
- Actual vs. Accruals comparison, Business vs. payout.
- Developed and maintained a branch branding audit schedule to ensure consistency in branding across multiple locations.
- Conducted monthly analysis of vendor trends and compared workforce salary slabs.
- Managed various management information systems (MIS) including Commission, Professional Tax, and TDS. Cumulative premium).
- Streamlined system for vendor document validation and ensured accuracy in vendor balance confirmation through effective change management practices.
Assistant Manager
MetLife GOSC
Jaipur
01.2017 - 01.2022
- Managed accounting of vendor invoices and employee expense payments
- Successfully managed accounting of different reimbursements alongside GST and TDS.
- Implemented efficient procedures for fixed assets accounting and capitalization
- Enhanced the accuracy and efficiency of prepaid and advances reconciliation processes for GL, payments, vendor aging, and TDS.
- Managed salary, PF, ESIC, reclasses, LE and gratuity calculations.
- Achieved accurate and timely actual vs. Accruals comparison.
- Developed a comprehensive schedule for Accruals, Advances, and prepayments.
- Controllership Dashboard
- Enhanced balance sheet analysis by reviewing and improving functional performance
- Accrual Automation, Robotics Automation of Manual Journal Entries.
- Validated vendor documents and confirmed vendor balances with accuracy
- Successfully established and maintained the vendor creation process while overseeing system updates.
Associate
Idea Cellular
Jaipur
06.2016 - 01.2017
- Conducted daily Bank Recon and analyzed findings in coordination with team.
- Compiled a comprehensive vendor reconnaissance report utilizing an Idea book
- Managed vendor payment processing and accounting in Oracle system
- Reco of different GL and their analysis.
- Accounting of invoices and rent in Oracle for all sites and their payments.
Executive
Bharti Airtel
Jaipur
07.2015 - 05.2016
- Handled distribution of payouts and payments to distributors and retailers.
- Handling reconciliation of all distributor accounts. Accounting Entries of Payouts in Oracle.
- Consistently maintained and monitored daily sales and cash forecast register, identifying trends.
- Managed the control and commission of distributors, ensuring timely payout once NOC was obtained.
- Provide AP & AR Ledger statement to distributor on monthly basis for Recon.
Cost and Work Accountant Trainee
Indian Oil Corporation Ltd
Jaipur
07.2012 - 07.2013
- Effectively handled revenue, TDS & service tax payments.
- Creating liability and their payments.
- Open item management.
- Managed vendors effectively to ensure smooth operations and timely delivery of products/services.
- Implemented thorough review process for bank reconciliation.
Education
LL. B -
University of Rajasthan
Jaipur01-2015
CWA(CMA) -
ICWAI(ICAI)
Jaipur01-2014
B.B.A. -
University of Rajasthan
Jaipur01-2009
Skills
- Accounts Payable
- Taxation
- Adaptability
- MS Office
- Financial Modeling
- Vendor Management
- Teamwork
- Problem-solving
- Work ethic
- SAP
- Oracle
- PeopleSoft
- Continuous Improvement
- P2P
- Baan
- Stakeholder Management
- Financial Analysis
- Performance Analysis
Accomplishments
- Passed CWA (inter) in first attempt with ALL INDIA 98th Rank.
- Settle the demand of GST more than 52 Cr.
- Payment of old outstanding foreign payable (3 to 10 year) without RBI approval
- RBI approval with the help of AD bank
- Old IDPMS, Pre IDPMS, Pre IDPMS ORM closure
- 100 hrs computer training at ICWAI JAIPUR.
- Computer certificate from CMC limited and Aptech.
Languages
Hindi
First Language
English
Proficient (C2)
C2
Timeline
Finance Manager
Emerson Automation India Pvt. Ltd.
06.2023 - Current
Deputy Manager
Bajaj Allianz Insurance Company Limited
02.2022 - 06.2023
Assistant Manager
MetLife GOSC
01.2017 - 01.2022
Associate
Idea Cellular
06.2016 - 01.2017
Executive
Bharti Airtel
07.2015 - 05.2016
Cost and Work Accountant Trainee
Indian Oil Corporation Ltd
07.2012 - 07.2013
LL. B -
University of Rajasthan
CWA(CMA) -
ICWAI(ICAI)
B.B.A. -
University of Rajasthan
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