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NANDAKUMAR SUDAM BARVE

NANDAKUMAR SUDAM BARVE

Navi Mumbai

Summary

With 23 years of expertise in Accounts, Finance, Auditing, Receivables/Payables, Budgetary Control, and Commercial Operations, I have contributed to esteemed organizations. Currently, I serve as an Accounts & Finance Manager at Mindcraft Software Private Limited, excelling in financial procedures, accounts finalization, and tax matters. A proactive leader, I drive business growth through innovative sales and stock accounting strategies. My hands-on approach and strategic planning skills ensure company progression. Adhering to regulatory norms, I maintain operational excellence. As an adept communicator, I build strong relationships. Now, seeking senior roles in Finance, Accounts, Commercial Operations, or Credit Control with leading organizations.

Overview

25
25
years of professional experience

Work History

Limited Accounts Manager

Mindcraft Software Private (IT Industry)
04.2019 - Current
  • Supervised junior staff in daily accounting operations.
  • Reviewed and approved monthly journal entries, account reconciliations, and financial statements.
  • Created detailed forecasts for cash flow planning purposes.
  • Developed and implemented financial policies and procedures to ensure accurate accounting records.
  • Advised senior management on best practices for improving profitability.
  • Developed reports that provided key insights into the company's financial performance.
  • Coordinated external audit activities by providing necessary information to auditors in a timely manner.
  • Analyzed financial data to identify potential areas of cost savings or revenue enhancement.
  • Provided guidance on accounting issues related to revenue recognition and other complex transactions.
  • Prepared annual budgets and monitored actual performance against budget goals.
  • Performed month-end closing activities such as accruals and amortizations.
  • Managed relationships with banks and other third parties involved in finance matters.
  • Maintained updated records of all assets owned by the company.
  • Assisted in preparation of various tax documents including income tax returns and sales and use tax returns.
  • Managed the accounts payable and receivable processes ensuring timely payments of invoices.
  • Ensured accuracy of general ledger postings by reconciling accounts periodically.
  • Monitored compliance with government regulations regarding taxes, insurance coverage.
  • Worked with regulatory representatives to complete accurate filings and maintain compliance.
  • Developed successful customer relationships to boost sales opportunities.
  • Maintained accurate records of all banking activities including deposits, withdrawals, transfers.
  • Established internal controls to ensure accuracy in reporting.
  • Developed strategies to improve financial performance and reduce costs.
  • Prepared monthly reports on key performance indicators.
  • Led financial reporting processes, ensuring compliance with accounting standards and regulations.
  • Managed investment portfolios, assessing risk and return to make informed decisions.
  • Managed and forecasted cash flow to ensure sufficient liquidity for operations and investments.
  • Calculated and prepared checks for utilities, taxes, and other payments.
  • Oversaw budget preparation, ensuring alignment with strategic goals and financial health.
  • Negotiated contracts and closed deals, focusing on long-term benefits for both the company and the client.
  • Prepared and presented detailed reports on account status, challenges, and growth opportunities to executive leadership.
  • Managed account receivables for assigned accounts, ensuring timely payments and minimizing bad debts.
  • Developed and implemented account plans to increase revenue and market share within designated sectors.
  • Ensured that all legal requirements were met by preparing reports for submission to relevant authorities.
  • Analyzed invoices to ensure accurate calculation of taxes due.
  • Assessed internal control systems and identified potential risks associated with Indirect Taxes.
  • Provided comprehensive training sessions on new developments in taxation policies and procedures.
  • Prepared reports on the impact of changes in taxation law on the organisation's operations.
  • Performed regular reviews of corporate accounting systems for accuracy in reporting taxable income amounts.
  • Maintained a detailed knowledge base of current federal, state, and local tax laws and regulations.
  • Assessed compliance with taxation laws and regulations.
  • Resolved audit queries raised by various government departments relating to taxation matters.
  • Collected taxes, monitored payment plans and imposed deadlines on delinquent taxpayers.

Senior Accountant

S S Print To Pack Private Ltd.
03.2018 - 03.2019
  • Analyzed general ledger accounts for accuracy and completeness on a regular basis.
  • Coordinated with other departments on various accounting activities such as month-end close process or budget preparation.
  • Monitored cash flow, budgeting, forecasting and variance analysis.
  • Ensured compliance with all applicable laws, regulations, policies, procedures, and standards of generally accepted accounting principles.
  • Reviewed and analyzed financial statements to identify potential discrepancies.
  • Reconciled bank statements to general ledgers on a monthly basis.
  • Maintained detailed records of account transactions, including invoices, payments, and journal entries.
  • Assisted in preparing tax returns for filing with government authorities.
  • Provided support to internal and external auditors during the annual audit process.
  • Prepared monthly financial statements, including balance sheets and income statements.
  • Maintained up-to-date knowledge of relevant accounting standards and regulations.
  • Monitored accounts payable activity to ensure accuracy and timeliness of payment processing.
  • Managed daily closing, reporting and reconciliation functions.
  • Completed month-end and year-end close procedures and reconciled bank accounts.
  • Managed and prepared journal entries and reconciliations to support monthly general ledger closing activities.
  • Generated and presented monthly financial statements to senior management.
  • Analyzed files and accounts for discrepancies and resolved variances.
  • Reviewed and reconciled discrepancies in accounts and financial documentation.
  • Prepared and distributed financial statements and reports, variance reports, regulatory filings and related schedules.
  • Performed general ledger account reconciliations and generated updated financial documents.
  • Managed accounting department staff members and workload.
  • Oversaw accounting operations and financial paperwork.
  • Posted financial data in Excel spreadsheets and managed inventory.
  • Maintained accurate accounts for cash, fixed assets and other transactions.
  • Developed staff expense and reimbursement tracker to reduce user errors and increase reporting accuracy.
  • Presented audit results to management teams, delivering information in non-technical terms for easy understanding.

Manager Accounts / Taxation

Mark International Foods Stuff Pvt Ltd.
06.2015 - 01.2018
  • Supervised junior staff in daily accounting operations.
  • Reviewed and approved monthly journal entries, account reconciliations, and financial statements.
  • Created detailed forecasts for cash flow planning purposes.
  • Advised senior management on best practices for improving profitability.
  • Developed reports that provided key insights into the company's financial performance.
  • Coordinated external audit activities by providing necessary information to auditors in a timely manner.
  • Analyzed financial data to identify potential areas of cost savings or revenue enhancement.
  • Provided guidance on accounting issues related to revenue recognition and other complex transactions.
  • Prepared annual budgets and monitored actual performance against budget goals.
  • Performed month-end closing activities such as accruals and amortizations.
  • Analyzed financial data to identify trends, variances, discrepancies, or opportunities for improvement.
  • Maintained updated records of all assets owned by the company.
  • Assisted in preparation of various tax documents including income tax returns and sales and use tax returns.
  • Managed the accounts payable and receivable processes ensuring timely payments of invoices.
  • Ensured accuracy of general ledger postings by reconciling accounts periodically.
  • Monitored compliance with government regulations regarding taxes, insurance coverage.
  • Improved year-end inventory audit process to increase accuracy.
  • Prepared and presented detailed reports on account status, challenges, and growth opportunities to executive leadership.
  • Managed a portfolio of XX key accounts, ensuring high levels of customer satisfaction and retention.
  • Managed account receivables for assigned accounts, ensuring timely payments and minimizing bad debts.
  • Prepared and reviewed income tax returns for individuals, trusts, partnerships and companies.
  • Analysed financial statements of businesses to determine accurate taxation liabilities.
  • Monitored the progress of pending legislative initiatives at the federal, state, and local level which may affect taxpayers' obligations.
  • Provided comprehensive training sessions on new developments in taxation policies and procedures.
  • Researched complex issues related to taxation legislation and regulations.
  • Provided advice on taxation matters to both internal staff and external customers.
  • Prepared reports on the impact of changes in taxation law on the organisation's operations.
  • Performed regular reviews of corporate accounting systems for accuracy in reporting taxable income amounts.
  • Advised clients on planning opportunities that would minimise their tax burden.
  • Developed strategies to reduce overall tax liability for clients.

Manager Accounts / Finance / Payroll

ServPro Technologies Pvt Ltd.
05.2012 - 02.2015
  • Identified areas of improvement in existing accounting practices and procedures.
  • Monitored cash flow, investments and other financial transactions.
  • Maintained accurate records of all banking activities including deposits, withdrawals, transfers.
  • Established internal controls to ensure accuracy in reporting.
  • Developed strategies to improve financial performance and reduce costs.
  • Collaborated closely with other departments to resolve issues related to finances.
  • Created detailed reports summarizing financial activity for management review.
  • Assisted with accounts receivable and payable processes and reconciliations.
  • Managed the preparation and analysis of financial statements, budgets and forecasts.
  • Prepared monthly reports on key performance indicators.
  • Ensured compliance with applicable tax laws and regulations.
  • Advised senior management on potential investments opportunities and risk assessment.
  • Prepared monthly balance sheets, income statements, and other financial documents.
  • Implemented policies and procedures for accounting operations.
  • Coordinated with external auditors for annual audits.
  • Analyzed financial data to identify trends or variances from budget expectations.
  • Negotiated terms with banks and other financial institutions to secure financing and optimize terms.
  • Analyzed actual financial results vs budget to prepare variance reporting to functional groups.
  • Provided strategic financial advice to senior management and board members.
  • Led financial reporting processes, ensuring compliance with accounting standards and regulations.
  • Managed investment portfolios, assessing risk and return to make informed decisions.
  • Managed relationships with investors, providing updates and addressing inquiries to maintain confidence.
  • Managed and forecasted cash flow to ensure sufficient liquidity for operations and investments.
  • Managed financial transactions involving general funds and contracts to reduce cashflow challenges.
  • Enhanced financial systems and processes through the implementation of technology solutions.
  • Calculated and prepared checks for utilities, taxes, and other payments.
  • Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
  • Ensured that all necessary taxes were withheld accurately from each employee's paycheck.
  • Created and maintained employee records, including new hires, terminations, salary changes, and tax withholding forms.
  • Solved complex problems related to payroll processing quickly and efficiently.
  • Coordinated with Human Resources staff on employee leaves of absence or termination paperwork.
  • Provided timely customer service support to employees regarding questions about their paychecks or other payroll issues.
  • Reviewed timesheets for accuracy and completeness prior to processing payroll.
  • Developed and implemented procedures to ensure accurate entry of payroll data into the system.
  • Maintained up-to-date knowledge of relevant laws and regulations regarding wage and hour compliance.
  • Responded promptly to inquiries from employees regarding their paychecks or deductions.
  • Processed payroll for over 500 employees bi-weekly, ensuring accuracy of pay and deductions.
  • Generated reports detailing hours worked by department, location, employee type as requested by management.
  • Assisted with auditing processes related to payroll.
  • Researched discrepancies in payroll data and provided corrective action when needed.
  • Performed manual calculations for retroactive pay adjustments or special payments as required.
  • Onboarded new employees in time reporting and payroll systems.
  • Oversaw payroll processing to comply with tax laws and court-ordered wage assignments and garnishments.
  • Assisted employees with payroll-related inquiries, providing clear and concise information.
  • Managed payroll processing for over XXX employees, ensuring accurate calculation of wages, bonuses, and deductions.
  • Coordinated with HR to ensure accurate employee data for payroll processing.

Senior Manager Accounts & Finance

Savair Energy Limited
09.2010 - 02.2012
  • Maintained accurate records of all banking activities including deposits, withdrawals, transfers.
  • Monitored cash flow, investments and other financial transactions.
  • Identified areas of improvement in existing accounting practices and procedures.
  • Established internal controls to ensure accuracy in reporting.
  • Developed strategies to improve financial performance and reduce costs.
  • Created detailed reports summarizing financial activity for management review.
  • Assisted with accounts receivable and payable processes and reconciliations.
  • Managed the preparation and analysis of financial statements, budgets and forecasts.
  • Prepared monthly reports on key performance indicators.
  • Ensured compliance with applicable tax laws and regulations.
  • Advised senior management on potential investments opportunities and risk assessment.
  • Developed systems for tracking expenses, revenues and other financial information.
  • Prepared monthly balance sheets, income statements, and other financial documents.
  • Implemented policies and procedures for accounting operations.
  • Coordinated with external auditors for annual audits.
  • Analyzed financial data to identify trends or variances from budget expectations.
  • Negotiated terms with banks and other financial institutions to secure financing and optimize terms.
  • Analyzed actual financial results vs budget to prepare variance reporting to functional groups.
  • Led financial reporting processes, ensuring compliance with accounting standards and regulations.
  • Managed investment portfolios, assessing risk and return to make informed decisions.
  • Coordinated with external auditors to facilitate annual audits and improve financial processes.
  • Managed and forecasted cash flow to ensure sufficient liquidity for operations and investments.
  • Prepared and analyzed financial statements to inform executive decision-making.
  • Calculated and prepared checks for utilities, taxes, and other payments.
  • Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
  • Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
  • Developed invoicing systems and internal controls to boost billing efficiencies.
  • Recommended new financial and accounting software packages. replacing various non-integrated offerings.
  • Created and updated financial reports on frequent basis to present information to leadership teams.
  • Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
  • Managed relationships with tax authorities, bankers and auditors.

Accounts Manager

Gnet Tradelinks Pvt. Ltd.(Gnet Impex), Navi Mumbai
02.2007 - 08.2010
  • Supervised junior staff in daily accounting operations.
  • Reviewed and approved monthly journal entries, account reconciliations, and financial statements.
  • Created detailed forecasts for cash flow planning purposes.
  • Developed and implemented financial policies and procedures to ensure accurate accounting records.
  • Identified cost savings through process improvement initiatives.
  • Advised senior management on best practices for improving profitability.
  • Developed reports that provided key insights into the company's financial performance.
  • Coordinated external audit activities by providing necessary information to auditors in a timely manner.
  • Analyzed financial data to identify potential areas of cost savings or revenue enhancement.
  • Provided guidance on accounting issues related to revenue recognition and other complex transactions.
  • Prepared annual budgets and monitored actual performance against budget goals.
  • Performed month-end closing activities such as accruals and amortizations.
  • Managed relationships with banks and other third parties involved in finance matters.
  • Maintained updated records of all assets owned by the company.
  • Assisted in preparation of various tax documents including income tax returns and sales and use tax returns.
  • Managed the accounts payable and receivable processes ensuring timely payments of invoices.
  • Ensured accuracy of general ledger postings by reconciling accounts periodically.
  • Monitored compliance with government regulations regarding taxes, insurance coverage.
  • Improved year-end inventory audit process to increase accuracy.
  • Prepared and presented detailed reports on account status, challenges, and growth opportunities to executive leadership.
  • Collaborated with sales team to determine best ways to drive market share.

Accounts Executive / Manager Accounts & Inventory

JKT Enterprises Pvt Ltd., Navi Mumbai
11.1999 - 12.2006
  • Monitored cash flow projections and prepared monthly reconciliations of bank accounts.
  • Developed relationships with key banking partners in order to secure favorable credit terms for the company.
  • Drafted reports summarizing findings and recommendations based on research conducted.
  • Developed and implemented financial strategies to improve the company's long-term profitability.
  • Conducted research and analysis on complex financial issues as required by senior management.
  • Reviewed and monitored internal controls over accounting functions to ensure compliance with corporate policies and procedures.
  • Managed the preparation of all tax returns for the organization in accordance with federal, state, local regulations and laws.
  • Identified cost savings opportunities throughout the organization through process improvements.
  • Evaluated current accounting systems and processes; identified areas of improvement; implemented changes as needed.
  • Identified areas where costs can be reduced without compromising quality standards.
  • Ensured compliance with applicable laws and regulations related to financial reporting and taxation.
  • Managed the disposal of surplus or obsolete stock items in a timely manner within budgetary limits.
  • Performed regular cycle counts to maintain accuracy of inventory records.
  • Utilized warehouse management systems software for tracking products from receipt through shipment.
  • Resolved issues related to receiving errors such as incorrect quantities or missing items.

Education

Master of Business Administration (Finance) -

Institute of Business Studies & Research, Tilak University (Pune)

Bachelor of Commerce -

Maharshi Dayanand Saraswati College, Mumbai University

Skills

  • Financial Planning
  • Finalisation of Accounts
  • MIS Reporting
  • Payables Management
  • Auditing / Taxation
  • Inventory Management
  • Commercial Operations
  • ISO Parameters
  • Fund Management (CC/OD, BG/LC)
  • CMA Data Preparation
  • Loan Procurement
  • Internal Audit Management
  • VAT, Excise, and GST Compliance
  • Export Realization Management
  • Direct Taxation Management
  • Credit Limit Negotiation
  • Database
  • Word Star
  • Lotus-123
  • FoxPro
  • OrCAD Util
  • MS Office
  • Tally Package (Ver 54 / 72 / ERP 9)
  • Oracle
  • Revenue Forecasting
  • Budget review
  • Invoicing
  • AP and AR management
  • Payroll Management
  • Account Management
  • Financial statement preparation
  • Financial reports
  • Payroll Processing
  • Bank Reconciliation
  • Expense Tracking
  • Cash Flow Management
  • Audit Support
  • Inventory Auditing
  • Budget Management

Bloodgroup

A+

Relationship

Married

Lookingfor

Senior Accounts / Finance Manager, Full Time, Mumbai/Navi Mumbai, As Per Company Standards, 30 days

Jobsearchpreferences

Employed | At Work, Open to Work

Personal Information

  • Date of Birth: 09/22/74
  • Gender: Male

Languages

  • English
  • Hindi
  • Marathi

Languages

English
First Language
Hindi
Proficient (C2)
C2
Marathi
Proficient (C2)
C2

Timeline

Limited Accounts Manager

Mindcraft Software Private (IT Industry)
04.2019 - Current

Senior Accountant

S S Print To Pack Private Ltd.
03.2018 - 03.2019

Manager Accounts / Taxation

Mark International Foods Stuff Pvt Ltd.
06.2015 - 01.2018

Manager Accounts / Finance / Payroll

ServPro Technologies Pvt Ltd.
05.2012 - 02.2015

Senior Manager Accounts & Finance

Savair Energy Limited
09.2010 - 02.2012

Accounts Manager

Gnet Tradelinks Pvt. Ltd.(Gnet Impex), Navi Mumbai
02.2007 - 08.2010

Accounts Executive / Manager Accounts & Inventory

JKT Enterprises Pvt Ltd., Navi Mumbai
11.1999 - 12.2006

Master of Business Administration (Finance) -

Institute of Business Studies & Research, Tilak University (Pune)

Bachelor of Commerce -

Maharshi Dayanand Saraswati College, Mumbai University

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NANDAKUMAR SUDAM BARVE