LALIT MADAN

Accomplished finance leader with a robust history at AMBRANE INDIA PVT LTD, adept in SAP B1 and ERP software, and excelling in tax compliance and financial statement preparation. Demonstrates exceptional analytical skills and a quality-centric approach, driving significant improvements in financial processes and team efficiency. Proven track record in enhancing cash flow management and implementing effective internal controls.

I have leaded the two software implementation projects in my current and previous organization, where in one organization we adopted Microsoft Nasion ERP and in current organization we adopted to opt SAP. In both projects I worked to build the software as per organization's need and recognized all the possibilities to implement the software, both the projects were successfully implemented running smoothly and Management is also satisfied from my work.

• AMBRANE INDIA PVT LTD, Kundli, Sonepat, Haryana, 04/28/18, Present, DGM - Accounts & Finance, Accounts, Financial Reporting & Taxation, Financial Statement, Internal Audit, SAP, Accounting Finalization, Variance Analysis, P&L, Balance Sheet, TDS Return, Tax Audit, Trial Balance, Income Tax, MIS, Month End Reporting, Banking Working Capital, Cash Flow Statement., Handling Finance Functions, design & implementation, planning & execution, Internal Controls., Implement internal controls and standard operating procedures (SOPs) for the finance department and ensuring adherence by other operational departments., Generating Management Information Reports & monitoring movement of key business indicators viz. Debtors control & Fund flow management to facilitate decision making process by the Top Management and ensuring timely submission of financial reports & statements., Ensure books of accounts and other records are maintained properly, with appropriate review mechanism to ensure appropriate accounting policies are followed., Monthly Book closure including scrutiny of General Accounts, Review of Advances to vendors and Bank Reconciliations., Finalize the Monthly, Quarterly and Yearly P&L and Balance Sheet/Financial Statement and present to management., Preparation of financial statements i.e. Balance sheet, Profit & Loss, Income statement etc. & making them ready to be filed., Preparation of Monthly Stock Statement for Banks and calculation of DP. Assessing working capital requirements., Liaising with banks and facilitating working capital limits and documentation., Identifying opportunities for cost savings and cost control, responsible for business plan analysis, financial modeling, and cash flow management., Ensuring timely and correct invoicing and NIL revenue leakage, Control on receivables by ageing analysis and reconciliation of customer's accounts on regular intervals., Overseeing E-Commerce accounting and timely review of collection of funds from E-commerce platforms (Flipkart, Amazon, Paytm, Snapdeal etc.), Overseeing Reconciliation of E-commerce business and checking of commission bills submitted by E-commerce websites & quarterly reimbursement of TDS thereon. (Also Heading E-Commerce team), Updating Debt profile statement and managing loan repayment processes., Banking and treasury activities, Monitoring fund position on weekly basis., Monthly Management Reporting (MIS) along with various analysis and review of Profit & Loss Account., Being a part of Monthly review meetings for Cost control, Business development, Target achievements, contributing creative ideas for Revenue recognition and recognizing all opportunities for the expansion of business., Overseeing filing of GST, TDS, VAT, Excise & Service Tax returns, including complete Tax assessments., Liaising with auditors and assist in the audit process by providing information and data for timely finalization of Internal & Statutory Audits within prescribed deadlines without adverse comments/qualification., Computation of Income Tax liability, Deferred Tax provisions & Deposit of Advance Tax., Tax Audit & 3CD preparation along with fulfillment of relevant clauses as per requirements (Reconciliation of TDS), Experience in handling team and sister concern firms, auditing and reconciliation of accounts of Customers & Vendors., Fixed Assets accounting & control, Physical verification of inventory & Fixed Assets (Quarterly) with all differences with books fully reconciled and accounted., Preparation of Fixed Assets Gross Block and depreciation chart., Handling all accounting activities in Import & Export., Development of Accounts & Finance Module for implementation of SAP/ERP Software., Independently managing the team of 15-20 people at a time., Interviewing the candidates to be hired for the process.
• JONSON RUBBER INDUSTRIES LTD, Sonepat, Haryana, 03/05/13, 04/27/18, Manager (Account, Finance & Indirect Taxation), Financial Reporting & Indirect Taxation, Preparation of financial statements i.e. Balance sheet, Profit & Loss, Income statement etc. & making them ready to be filed., Preparation of timely Returns i.e. Sale Tax Return, Excise Return, Service Tax Return, TDS Return., Assessment procedures & compliance under Income tax, Excise, TDS, Tax Audit, Sales Tax & Service Tax including advance tax planning., Sales Tax routine working(C/F/H/D1 forms) & Return., Billing according to C/F Form, Full Tax, D1, CT3 (exempted excise) & ARE1 sales against UT1 for SEZ., Checking of Inventory Record & Raw Material/Finished goods records as per norms of Central Excise., Quarterly/Annual Statutory Compliance of Issuing/ Collecting C/H/F Form/Vat D1., Interaction with statutory authorities, bankers, customers and vendors for relationship management and settlement of accounts., Routine Banking i.e. Letter of Credit (ILC/ FLC), Working Capital Drawing Power working, online RTGS/NEFT/Third Party Payment Gateway, E-Challan, Purchasing Cheque & other routine documentation., Supervision of accounts and making them ready to present the financial statements., Accounts Payable, Accounts Receivable, General Accounting, Closing and Reporting., Debtors Control, Debtors ageing and recovery from Customers., Handling all types of Reconciliation i.e. Bank, Service Tax, Excise, Sale Tax etc., Liasioning with various Govt. Deptt. i.e. Excise, Service Tax, Sales Tax authorities., Coordination with Internal/ Statutory auditors for Internal / Statutory audit functions & finalization of accounts within time bound schedules., Supervise Central excise and Service Tax audits., Extensive involvement managing client relationships at all levels., Training of new candidates hired by company.
• FORECH INDIA LTD, Sonepat, Haryana, 12/01/09, 03/04/13, Account Executive, Inspection of Branches for Verification of Accounts & Stock., Verifying Sale, Purchase bills and report to Management., Preparation all types of vouchers:-Cash, Payment, Receipt, Purchase, JV & Bank Vouchers., Preparation Sale Invoices & Summary., Preparation daily stock account., Preparation liaisoning records RG-23A Part-I, II, RG-23C Part-I, II for Cenvat Record & RG1, PLA Register., Statutory compliance of ARE1 (UT1 export sales) timely depositing statutory challans of Excise/Sales Tax & ledger updating in Tally., Preparation monthly Stock Statement for Banks., Handling Vendor & Customer Reconciliation., Have good knowledge of Tally 9, Tally9.ERP., Have Good Knowledge of Microsoft Nasion ERP., Have Good Knowledge of Direct Tax and Indirect Tax., Having Good knowledge in Export and Import.

• Father's Name: Mr. Kishan Chand
• Mother's Name: Mrs. Raj Rani
• Date of Birth: 09/03/85
• Gender: Male
• Marital Status: Married