Mohit Verma
AGM - Finance
Shahdara
Summary
Proactive Assistant General Manager with history of success managing Banking operations, Account Receivable Management, Accounts Payable Management, Import Accounting, MIS building teams and equipping employees with skills to independently handle business needs. Offers progressive experience combined with sound judgement and good problem-solving abilities. Strong record of surpassing organizational goals.
Overview
15
15
years of professional experience
2024
2024
years of post-secondary education
3
3
Certifications
Work History
Assistant General Manager- Banking & Finance
JRG Automotive Industries India Private Limited
08.2024 - Current
- Company Overview: JRG in the field of Automobile Industry in India
- It deals in Automobile Parts, Supply to Maruti, Honda, Etc
- The Company is having 6 (Six) Manufacturing units in Haryana (3) and Gujarat (1), Pune (1), Bangalore (1) and the turnover of around Rs
- 500.00 Crores and total manpower of around 1000 Employees
- Manage and lead a team of Banking, Treasury, Accounts receivable specialists, coordinators, training and support to ensure team performance goals are met
- Managed corporate banking relationships, ensuring efficient cash flow management and optimizing working capital requirements
- Led the negotiation and approval of loans and credit facilities, including term loans and working capital finance, resulting in improved financial flexibility
- Spearheaded bank reconciliation processes, ensuring 100% accuracy in financial reporting and timely resolution of discrepancies
- Directed the implementation of treasury strategies for optimal fund utilization and investment, achieving better returns on surplus funds
- Ensured compliance with all banking regulations and internal controls, mitigating financial risk and securing company assets
- Prepared and presented detailed MIS and cash flow reports to senior management, improving financial decision-making
- Managed full-cycle AR and AP processes, including invoicing, collections, vendor payments, reconciliation, credit control, dispute resolution, and cash flow optimization, reducing DSO and improving vendor relationships through streamlined processes and automation
- JRG in the field of Automobile Industry in India
- It deals in Automobile Parts, Supply to Maruti, Honda, Etc
- The Company is having 6 (Six) Manufacturing units in Haryana (3) and Gujarat (1), Pune (1), Bangalore (1) and the turnover of around Rs
- 500.00 Crores and total manpower of around 1000 Employees
Deputy Manager
PPAP Automotive Limited
05.2011 - 08.2024
- Company Overview: PPAP in the field of Automobile Industry in India
- It deals in Automobile Parts, Supply to Maruti, Honda, Toyota, General Motor, Nissen Etc
- The Company is having 7 (Seven) Manufacturing units in Delhi, Noida, Bhiwadi, Chennai, Gujarat and the turnover of around Rs
- 600.00 Crores and total manpower of around 3000 Employees
- PPAP in the field of Automobile Industry in India
- It deals in Automobile Parts, Supply to Maruti, Honda, Toyota, General Motor, Nissen Etc
- The Company is having 7 (Seven) Manufacturing units in Delhi, Noida, Bhiwadi, Chennai, Gujarat and the turnover of around Rs
- 600.00 Crores and total manpower of around 3000 Employees
- Identified areas for improvement within the department, implementing strategic initiatives to address gaps in performance or resources.
- Improved team efficiency by streamlining processes and implementing innovative management strategies.
Executive
05.2011 - 04.2016
- Maintaining the monthly Custom exchange rates data
- Coordination/ Submission of BOEs / and Maintaining the records
- Timely online Custom duty payments as per request received from CHA for releasing the material from Custom warehouse and accounting after realisation of the payment by Customs
- Preparation of the details of payables / advances of Import Suppliers, Container Security, Freight etc
- And sharing with Purchase Dept
- / Plant Accounts for their review and timely action for the same
- Preparation of documents for issue of G.R.Waiver Certificate for despatch of material for the purpose of testing at foreign suppliers end and follow-up with banker for timely issuance
- Following up with Purchase Dept
- For arranging the disposal certificates from foreign suppliers for submission to the bank
- Preparation of documents for release of material purchased through High-Sea Sales and others documents required by CHA (Indemnity bond / KYC etc.)
- Preparation and submission of the Bank documents for realising the Export payments received from foreign customers and follow up with banks for realisation of the payment
- All others work related to Import Accounting / Financials
Junior Accountant
M/s Spark Electrodes Private Limited
01.2010 - 01.2011
- Preparation of Bank position of funds on daily basis
- Making Online Payments, Computerized & Manual Cheques, DDs, Pay Orders, RTGS / NEFT
- Making The Online Payment of ESIC, PF, TDS, TCS, Income Tax, etc
- Maintaining the details of Interest and Bank charges
- Preparation of section wise TDS Details
- Cash Management
- Payment of employee's reimbursement and salary
- Booking of Foreign Travelling Expenses bills of employees
- Bank Reconciliation
- Maintaining the records of Truck & Bus
- Deciding A/c Head for the purchases invoices / Cash Vouchers
Education
MBA - Finance
Bachelor of Commerce - B.Com
Diploma Advance Computer Application - undefined
AIPS
Skills
Excel Dashboards
Banking
Account Payable
Account Receivable
Forex Hedging
Import Accounting & Foreign Remittance
Export Payment
Realisation
Data Analysis
Internal Auditing
Custom Payments
FI Entries
MIS
Advanced Excel
MS WORD
MS Excel
Windows 10
MS Power Point
E-mail and Internet
Finsys ERP
SAP HANA - FICO
Oracle
Accomplishments
- Reduced paperwork 90% by converting all accounting procedures to an electronic form.
- Introduced the concept of Online Import remittances which decreased processing time.
- (AEO) Qualified T2 level Authorized Economic Operator certification from Indian Custom Authorities.
Personal Information
- Date of Birth: 02/08/88
- Nationality: Indian
- Marital Status: Married
Yearlyctc
18,50,000
Certification
IIMB - Financial Accounting and Analysis
Timeline
Assistant General Manager- Banking & Finance
JRG Automotive Industries India Private Limited
08.2024 - Current
AI Tools Workshop
11-2023
IIMB - Financial Accounting and Analysis
07-2023
Accounts Receivable
03-2021
Deputy Manager
PPAP Automotive Limited
05.2011 - 08.2024
Executive
05.2011 - 04.2016
Junior Accountant
M/s Spark Electrodes Private Limited
01.2010 - 01.2011
Bachelor of Commerce - B.Com
Diploma Advance Computer Application - undefined
AIPS
MBA - Finance
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