Summary
Overview
Work History
Education
Skills
Languages
Accomplishments
Additional Information
IT Skills
Timeline
Generic

Kiran Panande

Mira Road (East), Mumbai

Summary

  • Competent Professional with nearly 18 years of experience in managing financial accounting, receivables & payables management, preparing ledger books, bank reconciliation statements and finalization of accounts
  • Resourceful in leading daily Accounts Payable (AP) processes; managing vendor relations; supervising the timely, accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions
  • Ensured compliance with the statutory dues like Corporate Tax, Advance Tax, TDS, TCS
  • Supervised the passing and reconciliation of monthly Value-Added Tax (VAT), and Works Contract Tax (WCT) payment entries in SAP
  • Prepared and assessed state-wise data reports by extracting inputs from SAP
  • Regularly updated the SAP report with amendment notifications such as new tax rates, change in tax rates, Works Contract Tax (WCT) certificates, and so on issued by Tax Authorities
  • Skilled in maintaining adherence to corporate, accounting and GAAP standards; addressed escalated Accounts Payable issues raised by employees and vendors; ensured accurate and compliant files and records in line with company policies and government regulations
  • Played a key role in ensuring all Accounts Receivables are chased in line with the credit control policy
  • Steered efforts in preparing monthly balance sheet reconciliations and assisted in internal and external audits
  • Experience in verifying vendor accounts by reconciling monthly statements and related transactions
  • Possess effective communication, interpersonal & problem solving by negotiation skills and has handled extremely busy and hectic schedules
  • Resourceful Credit Manager successful at improving department policies, standardizing processes and increasing customer satisfaction by providing fast, knowledgeable and friendly financial services.

Overview

28
28
years of professional experience

Work History

Credit Control Manager

Buildon Plasters Pvt. Ltd
Mumbai
12.2022 - Current
  • Worked with management to evaluate credit strategies and develop improvements.
  • Collaborated cross-functionally with sales, management and other departments to maintain effective operations.
  • Implemented new initiatives, which resulted in quicker payments and better turnaround times to resolve customer issues.
  • Identified possible issues with credit systems and monitoring by streamlining processes ahead of time.
  • Checking the credit viability on requests for extended terms, and evaluating various Adjustments or exception documents.
  • Successfully managing the Monthly/Quarterly AR Reporting (Aging AR, DSO, Provision, Key Customers, Tax Exemption Forms)
  • Coordinating and following up with customers and sales teams for the collection of overdue or long-outstanding accounts; preparing reports and analyses on compliance and adverse trends, along with appropriate recommendations or conclusions.
  • Coordinate with Internal and external auditors as and when required. Handling of legal matters like recovery cases of Civil and Criminal 138 matters.
  • Sharing the outstanding details to customer as well as respective stake holders. Reconciliation of ledgers. Visit customer place for resolving the disputed issues and reconciliation purpose.
  • Responsible for Bank Reconciliation on timely basis. TDS reconciliation.
  • Review with respective stake holders for collection. Follow up with Branch offices for timely collection.
  • Submission of required documents to recover the outstanding amount. Issuance of Credit Note on time.
  • Played a key role in ensuring all accounts receivable are chased in line with the credit control policy.

Asst. Manager Finance – Collection & Credit

Markem Imaje India Pvt. Ltd.,
Mumbai
01.2006 - 07.2022
  • ·Heading Collection and Credit Control Function of Zone West (Risk Management); successfully monitoring bad debt and bad debt recovery records
  • Successfully managing the Monthly/Quarterly AR Reporting (Ageing AR, DSO, Provision, Key Customers, Tax Exemption Forms)
  • Checking the credit viability on requests for extended terms, and evaluating various Adjustments or exception documents
  • Monitoring the violations of credit policies, provide analysis, conclusion and recommendations present findings to senior management and suggesting actions/penalties to be taken when appropriate
  • Collaborating with the key customers like Reliance, Unilever, Mondelez, Cipla, P&G, UB, and Nestle
  • Supervising the month-end closing process and reconciliation of ledgers
  • Monitoring daily Accounts Payable (AP) processes and clerks; managing vendor relations as well as timely and accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions
  • Maintaining adherence to corporate, accounting and GAAP standards; addressing escalated Accounts Payable issues raised by employees and vendors; ensuring accurate and compliant files and records in line with company policies and government regulations
  • Preparing and forwarding fortnightly/monthly reports and analyses to key senior managers in the business
  • Developing and maintaining processes and systems for efficient processing of vendor invoices
  • Coordinating and following-up with customers and sales teams for the collection of overdue / long outstanding accounts; preparing reports and analyses on compliance and adverse trends along with appropriate recommendations or conclusions
  • Evaluating over/underpayment; initiating return of overpayments and issued letter requests/inquiries to customers with underpayments or those with unauthorized deductions
  • Submitting Tender Bond & Performance Bond and checking the bank charges and collecting back the tender bond; posting and allocating daily receipts to accounting systems SAGE ERP & Microsoft Dynamics ERP
  • Ensuring withholding tax certificates are received, where required for tax purpose
  • Answering audit requirements/enquiries pertaining to Accounts Receivable (AR)
  • Interfacing with subordinates, sales personnel, cheque collection agencies and partner bank personnel to ensure compliance with established practices as well as drive the implementation of new policies
  • Developing / recommending operating policies and procedures for the Accounts Receivable (AR) section
  • Processing all the third party invoices into ERP; ensuring that valid approvals are obtained for processing the invoices
  • Recording the receipts of miscellaneous incomes in ERP; managing cash deposit & withdrawals for day-to-day transaction
  • Conducting GRNI analysis on a monthly basis, passing accruals, allocating to various cost centers after coordinating with the supply chain and various departments

Senior Accountant

Aryavart Chemicals Private Limited
Mumbai
03.2005 - 12.2005
  • Administered the Debtors and Creditors Accounting, Collection & Reconciliation
  • Managed the TDS and E-TDS formalities and preparation of TDS Certificate
  • Finalised the Monthly and Yearly Books of Accounts, Ledger Scrutiny
  • Supervised the Banking Transaction and Bank Reconciliation
  • Prepared Cash Flow and Fund Flow Statement and supervised Sales Tax Matter and Statutory Payment

Accountant

Plastotex (Bombay) Pvt. Ltd.
Mumbai
06.1998 - 02.2005
  • Prepared monthly and year-end closing statements, financial documents and invoices.
  • Maintained accurate invoice summaries and collection records to enhance monitoring of billing and cash inflows.
  • Calculated and prepared checks for utilities, taxes and other payments.
  • Monitored balance sheets and income statements to evaluate financial performance.
  • Examined financial statements and income statements to review company's financial performance.
  • Finalisation of Books of Accounts

Accounts Assistant

M.B. Mistri & Co., Chartered Accountants
Mumbai
01.1997 - 05.1998

Education

B. Com - Financial Accounting

Mumbai University
Mumbai, India
03.1997

12th - Commerce

Mumbai Board
Mumbai
03.1994

CA Foundation - Financial Accounting

Course
Mumbai

Skills

  • Performance Improvements
  • Credit Evaluations
  • Willing to Learn
  • Work Planning
  • Goal Setting
  • Data Analysis
  • Team Building Leadership
  • Sales Support
  • Time Management

Languages

English, Marathi, Hindi
First Language

Accomplishments

  • Achieved best employee of the year awards in Year 2017 and 2018 in Markem-Imaje India Pvt Ltd.
  • Achieved 39 days sales outstanding (DSO), 15% Past Due (PD) and lowest account receivables growth which is the best result in the history of Markem Imaje India Pvt Ltd.

Additional Information

  • Experienced professional with extensive hands-on experience and track record of successful accomplishments in managing the company finances, improving profitability and strengthening governance; targeting the challenging assignments with an organization of high repute

IT Skills

  SAP, ERP/Tally, MS Office, Word, Excel, PowerPoint

Timeline

Credit Control Manager

Buildon Plasters Pvt. Ltd
12.2022 - Current

Asst. Manager Finance – Collection & Credit

Markem Imaje India Pvt. Ltd.,
01.2006 - 07.2022

Senior Accountant

Aryavart Chemicals Private Limited
03.2005 - 12.2005

Accountant

Plastotex (Bombay) Pvt. Ltd.
06.1998 - 02.2005

Accounts Assistant

M.B. Mistri & Co., Chartered Accountants
01.1997 - 05.1998

B. Com - Financial Accounting

Mumbai University

12th - Commerce

Mumbai Board

CA Foundation - Financial Accounting

Course

Similar Profiles

CREATE PROFILE
Kiran Panande