Open To Work
Hitesh Jhanwaar
Mumbai,MH
Summary
Finance professional with extensive experience in risk assessment and credit evaluation at IG Petrochemicals Limited. Proven ability to optimize cash flow and reduce days sales outstanding through effective collections oversight. Strong leadership in SAP financial systems enhances team collaboration and strategic financial decision-making.
Overview
20
20
years of professional experience
Work History
Manager - Credit Control
I G Petrochemicals Limited (IGPL)
Mumbai, Maharashtra
01.2026 - Current
- Led credit control, collections, receivables management, and assessed customer credit risk to enhance cash flow.
- Monitored overdue accounts and implemented collection strategies, resulting in reduced days sales outstanding.
- Implemented credit policies and conducted credit limit reviews to effectively manage customer exposure.
- Coordinate with sales, finance and legal teams for recovery actions and dispute resolution.
- Coordinated with insurance companies and bankers to facilitate bill discounting and LC discounting processes.
- Prepare MIS dashboards, ageing analysis and management reports.
Manager Finance ( Working Capital Manager)
SIKA INDIA PRIVATE LIMITED
Mumbai, Maharashtra
03.2023 - 01.2026
- Conducted liquidity planning and prepared monthly MIS reports to support financial decision-making.
- Analyzed aged receivables and collaborated with sales and management teams to identify trends and improve collection strategies.
- Assessing Customer Credit Risk and assigning the Credit Limits to the Customers in ERP/SAP
- Monthly Closure and BRS of the payments received during the month.
- Resolved disputes for internal and external accounts receivable issues, ensuring timely resolution and maintaining customer relationships.
- Coordination with Cash application team for unapplied and unaccounted Receipts.
- Inventory Monitoring and highlighting issues for the nonmoving materials.
- Coordinated with SAP team to upload master data for system implementation.
Credit/AR Collection Specialist
AKZONOBEL GLOBAL BUSINESS SERVICES LLP
Pune, Maharashtra
01.2021 - 02.2023
- Implemented credit policy and blocked sales orders for customers with high exposure and overdue balances.
- Reviewing all customers risks and assigning credit limits on monthly basis.
- Collaborated with sales team daily to review overdue accounts across multiple business units.
- Prepared and shared daily ageing report with all business units and senior management.
- Coordination with Cash application team for unapplied and unaccounted Receipts.
- Coordination with legal agency for disputed cases and availing the documents required for the same.
- Validation of customer documents in MDG for new customer Creation.
- Conducted audits for compliance with company policies and procedures.
Finance Manager
NINA PERCEPT PVT LTD. (PIDILITE GROUP)
04.2015 - 01.2021
- Managed working capital, coordinated with bankers for bank guarantees, set credit limits for customers, and monitored limits regularly.
- Oversaw operational expenditure management to ensure efficient resource allocation. and responsible for strategically planning & implementing innovative business strategies to initiate finance control to maximize profitability.
- Implemented credit policy and coordinated debtor follow-up for recovery effectiveness.
- Analyzing and verifying financial documents in order to provide accurate and authentic information to the management/client/customer.
- Actively participated in budgeting and assisted the taxation team.
- Coordinated with customers to ensure timely follow-up for all tax declarations.
Finance & Accounts Manager
DHANLAXMI FABRICS LTD
06.2013 - 03.2015
- Managed banking transactions and contributed to effective fund management.
- Handled accounting and financial matters of the company while adhering to statutory compliances and regulations.
- Managed taxation issues including value added tax and sales returns under statutory acts.
- Streamlined taxation processes by implementing systematic approaches within the department.
- Prepared audit reports identifying shortcomings and facilitating implementation of key recommendations.
- Managed import and export documentation for the company, ensuring compliance with regulations, handling all the matters relating to TUF subsidy and State government subsidy.
- Submitted applications for EPCG licenses, adhering to all regulatory requirements. of the company and related activities.
Lead Commercial Manager
FUTURE AGROVET LTD
12.2011 - 02.2013
- Led implementation of online payment systems in collaboration with bankers and IT team.
- Documented and handled company investments, including fixed deposits, bank guarantees, and import-export transactions.
- Managed banking transactions for company and coordinated fund management activities.
- Processed statutory payments for the company, including TDS, VAT, and service tax, ensuring compliance with regulations.
- Approved vendor payments through SAP.
Senior Team Leader
KOTHAWADE & LADDHA CHARTERED ACCOUNTANTS
09.2010 - 09.2011
- Project Finance & Other Finance
- Income Tax Audits
- Conducted meat audits, ensuring compliance with tax regulations and minimizing risk of penalties
- Executed filing of TDS returns, ensuring timely compliance with tax deadlines
Article Trainee
KOTHAWADE & LADDHA CHARTERED ACCOUNTANTS
01.2007 - 08.2010
Education
CA – Final (Group 2) -
ICAI
08-2026
CS – Final (Group 1) -
ICSI
12-2011
CA – Final (Group 1) -
ICAI
11-2011
Bachelor of Commerce -
K.G .Vaze college
12-2008
Skills
- Risk assessment and credit evaluation
- Collections oversight and accounts receivable management
- Cash flow optimization and working capital strategies
- Credit policy oversight
- Dispute resolution techniques
- Expertise in SAP financial systems
- Proficiency in ERP applications
- MIS reporting and dashboard creation
- Implementation of internal controls
- Leadership in team dynamics
- Treasury operations management
Timeline
Manager - Credit Control
I G Petrochemicals Limited (IGPL)
01.2026 - Current
Manager Finance ( Working Capital Manager)
SIKA INDIA PRIVATE LIMITED
03.2023 - 01.2026
Credit/AR Collection Specialist
AKZONOBEL GLOBAL BUSINESS SERVICES LLP
01.2021 - 02.2023
Finance Manager
NINA PERCEPT PVT LTD. (PIDILITE GROUP)
04.2015 - 01.2021
Finance & Accounts Manager
DHANLAXMI FABRICS LTD
06.2013 - 03.2015
Lead Commercial Manager
FUTURE AGROVET LTD
12.2011 - 02.2013
Senior Team Leader
KOTHAWADE & LADDHA CHARTERED ACCOUNTANTS
09.2010 - 09.2011
Article Trainee
KOTHAWADE & LADDHA CHARTERED ACCOUNTANTS
01.2007 - 08.2010
CA – Final (Group 2) -
ICAI
CS – Final (Group 1) -
ICSI
CA – Final (Group 1) -
ICAI
Bachelor of Commerce -
K.G .Vaze college
Personal Information
- Date of Birth: 09/17/87
- Marital Status: Married
Rewards Recognition
Awarded 'A MEMBER OF NINA’S DREAM ELEVEN TEAM' for the Year 2015-2016 & 2016-2017.
Hobbies and Interests
- Reading
- Investing
- Cycling
Languages
- English
- Hindi
- Marwadi
- Gujarati
- Marathi
Personal Information
- Date of Birth: 09/17/87
- Marital Status: Married
Rewards Recognition
Awarded 'A MEMBER OF NINA’S DREAM ELEVEN TEAM' for the Year 2015-2016 & 2016-2017.
Hobbies and Interests
- Reading
- Investing
- Cycling