Madhur Bali
Gurgaon
Summary
Enterprising Finance Professional with a strong record of contributions in streamlining financial operations for invigorating businesses, heightening growth, and improving systems & procedures. Leveraged expertise in Financial Planning, Analysis, and Compliance to make a valuable contribution to the corporate world. Targeting roles in the Finance and Accounting industry.
Overview
19
19
years of professional experience
Work History
Sr. Manager Finance
Hella India Autoparts and Services Private Limited
Gurgaon, India
01.2021 - Current
- Leading as Sr. Manager Finance at Hella India Autoparts and Services Private Limited, showcasing proficiency in budget preparation/finalization, monthly group reporting, MIS, and diverse variance analysis, contributing to operational excellence.
- Coordinated Internal, Statutory, and Tax Audits with global firms such as KPMG and Deloitte and Mazars, ensuring compliance with international standards and evaluating internal control systems.
- Proven expertise in leading Tax Planning & Compliance, Revenue Recognition, and Expenses Management, ensuring adherence to financial regulations and optimizing tax liabilities for the organization's benefit.
- Successfully managed a customer portfolio of approximately 250 clients PAN India, fostering strong relationships and driving revenue growth through strategic financial solutions.
- Excellence in managing day-to-day cash & accounting functions in coordination with internal / external departments for smooth financial operations.
- Spearheaded the month / year end closing process along with analysis of Trial Balance, GL accounts and corrections and prepared descriptive financial statements such as P&L, Balance Sheet and Periodic Reports.
- Efficient in preparation & analysis of MIS reports, consolidated financial reports.
- Proven success in designing & implementing highly-effective and scalable policies, procedures & processes for the company to ensure successful financial & business operations.
- Effectively maintained steady bank facilities utilization, cash flow & fund flow and found innovative means to fund financial needs of the organization at cash flows mismatch times.
- Demonstrated expertise in handling advance tax calculations, vendor payouts, and ensuring compliance with statutory and financial regulations.
- Excellence in presenting a true and fair view of the financial position of the company by preparing financial statements such as P&L Account, Balance Sheet, and Annual Reports.
- Experienced in facilitating Annual Operating Plans (AOPs) by preparing budgets, forecasts, conducting variance analysis, monitoring financial performance metrics against KPIs.
- Successfully prepared investment schedules for MIS and documents for making foreign payments to overseas parties, showcasing a strong understanding of international finance operations.
- Proficient in investment accounting, taxation, and financial planning and analysis, with a keen focus on enhancing organizational efficiency and profitability.
- Proven track record of utilizing advanced accounting software for end-to-end accounting, financial reporting, and compliance, enhancing organizational efficiency and accuracy in financial operations.
- Skilled in streamlining the finance process, driving process improvement, new system implementation along with devising policies for internal financial control.
- Established & maintained an efficient recordkeeping / MIS System; assessed the prevailing corporate environments by reviewing and enhancing all financial procedures and inventory & cost controls.
- Skilled in formulating financial forecasts with coordinated budget projections, and presenting the same to Senior Management.
Manager
Hella India Autoparts and Services Private Limited
Gurgaon, India
01.2016 - 01.2021
- Prepared and reviewed monthly, quarterly, and annual financial statements, offering insightful variance analyses and supporting management decision-making, while ensuring robust internal controls.
- Formulated and executed tax planning strategies, proactively managing tax liabilities and staying abreast of changes in tax laws, contributing to the overall financial health of the company.
- Implemented a comprehensive payroll management system, generating regular reports on payroll expenses, schedules, and reconciliations on both monthly and annual bases.
- Orchestrated the preparation of audits with detailed schedules and reconciliations, aligning activities with financial regulations, and successfully closing books in SAP as per statutory and group year-end closing.
- Managed and monitored a diverse customer portfolio across India, analyzing and fixing customer credit limits, ensuring effective accounts receivables management, and maintaining strong relationships with customers.
- Implemented proactive measures for inventory management, conducting regular reviews, updates, and reconciliations, while also overseeing asset management, inventory counts, and depreciation calculations.
- Supervised the preparation of Management Information System (MIS) reports, providing valuable insights for strategic decision-making and ensuring accurate and timely reporting.
- Prepared cash flow statements, monitored fund inflow/outflow, and effectively managed day-to-day cash flow by establishing optimal tradeoffs between collection and payables.
- Maintained robust relationships with creditors, negotiated favorable terms, and regularly monitored the company's debt position, contributing to the overall financial stability.
- Successfully improved finance processes, enhancing departmental efficiency, and consistently achieved before-time completion of all internal/external reporting, earning recognition from local management.
- Formerly Hella India Lighting Limited
- Developed and implemented financial strategies to optimize cash flow and profitability.
- Streamlined month-end closing procedures, reducing processing time and increasing efficiency.
Asst. Manager Finance
Hella India Autoparts and Services Private Limited
Gurgaon, India
01.2013 - 01.2016
Sr. Accounts Officer
Hella India Autoparts and Services Private Limited
Gurgaon, India
01.2010 - 01.2013
Accounts Officer
Hella India Autoparts and Services Private Limited
Derabassi
03.2007 - 01.2010
- Input vendor payments of approx 300 vendors and updated accounts to reflect new balances.
- Developed and implemented efficient record-keeping systems for improved data retrieval.
- Checked expenses against budget controls, entered figures and reconciled business accounts to address discrepancies.
- Improved financial accuracy by streamlining accounts payable and receivable processes.
- Ensured timely vendor payments by managing invoice processing and expense tracking systems.
- Supported month-end closing process by preparing comprehensive journal entries and adjusting balances as necessary.
Education
Pursuing CMA (Inter) - Accounting and Finance
Institute of Cost Accountant of India
New Delhi, IndiaM.B.A - Finance & I.T
Guru Jambheshwar University of Science & Technology
Hissar01.2008
Master of Commerce - Finance And Accounting
Kurukshetra University
Kurukshetra01.2004
Diploma in Information Technology - Information Technology
H.D.I.T (Hartron)
Ambala City01.2004
Skills
Financial Accounting
Strategic Financial Planning & Control
Audits & Compliance
Variance Analysis
Budgeting & Forecasting
Cash Flow/ Fund Management
Compliance Management
Business Transformation
Strategies/Automation
MIS & Reporting
Cross-functional Coordination
Senior Management Advisory & Support
Liaison & Coordination with Auditors / Banks
Cross-functional team coordination
Documentation and reporting
Organizational development
Reporting management
Teamwork and collaboration
Work Planning and Prioritization
Customer relationship management
Business analysis and reporting
Task prioritization
Time management
Relationship building
Influencing and negotiating
Performance tracking and evaluation
Languages
English
Hindi
Personal Information
Date of Birth: 09/25/81
Mother Name : Veena Bali
Father Name : Harsh Verdhen Bali
Growth Path
Hella India Autoparts and Services Private Ltd. (Formerly Hella India Lighting Limited), Spearheaded the redesign and implementation of efficient accounting systems and procedures, optimizing workflow and ensuring smooth departmental operations., Coordinated Internal, Statutory, and Tax Audits with global firms such as KPMG and Deloitte, ensuring compliance with international standards and evaluating internal control systems., Prepared and reviewed monthly, quarterly, and annual financial statements, offering insightful variance analyses and supporting management decision-making, while ensuring robust internal controls., Formulated and executed tax planning strategies, proactively managing tax liabilities and staying abreast of changes in tax laws, contributing to the overall financial health of the company., Implemented a comprehensive payroll management system, generating regular reports on payroll expenses, schedules, and reconciliations on both monthly and annual bases., Orchestrated the preparation of audits with detailed schedules and reconciliations, aligning activities with financial regulations, and successfully closing books in SAP as per statutory and group year-end closing., Managed and monitored a diverse customer portfolio across India, analyzing and fixing customer credit limits, ensuring effective accounts receivables management, and maintaining strong relationships with customers., Implemented proactive measures for inventory management, conducting regular reviews, updates, and reconciliations, while also overseeing asset management, inventory counts, and depreciation calculations., Supervised the preparation of Management Information System (MIS) reports, providing valuable insights for strategic decision-making and ensuring accurate and timely reporting., Prepared cash flow statements, monitored fund inflow/outflow, and effectively managed day-to-day cash flow by establishing optimal tradeoffs between collection and payables., Maintained robust relationships with creditors, negotiated favorable terms, and regularly monitored the company's debt position, contributing to the overall financial stability., Successfully improved finance processes, enhancing departmental efficiency, and consistently achieved before-time completion of all internal/external reporting, earning recognition from local management.
Timeline
Sr. Manager Finance
Hella India Autoparts and Services Private Limited
01.2021 - Current
Manager
Hella India Autoparts and Services Private Limited
01.2016 - 01.2021
Asst. Manager Finance
Hella India Autoparts and Services Private Limited
01.2013 - 01.2016
Sr. Accounts Officer
Hella India Autoparts and Services Private Limited
01.2010 - 01.2013
Accounts Officer
Hella India Autoparts and Services Private Limited
03.2007 - 01.2010
Pursuing CMA (Inter) - Accounting and Finance
Institute of Cost Accountant of India
M.B.A - Finance & I.T
Guru Jambheshwar University of Science & Technology
Master of Commerce - Finance And Accounting
Kurukshetra University
Diploma in Information Technology - Information Technology
H.D.I.T (Hartron)