Nikhil Ambekar
Pune
Summary
Seasoned Financial Management professional with proven expertise in accounting processes, systems oversight and compliance reporting. Knowledgeable about AP/AR, treasury, fixed assets accounting, budgeting and all other aspects of successful financial operations. Talented team builder and supervisor with expertise to develop and maintain consistent, accurate, and legal accounting structures.
Overview
19
19
years of professional experience
Work History
Finance Manager
DARP Nutrition Foods Private Limited
Pune
07.2018 - Current
- Completed day-to-day duties accurately and efficiently.
- Utilized various software and tools to streamline processes and optimize performance.
- Managed time effectively to ensure tasks were completed on schedule and deadlines were met.
- Achieved cost-savings by developing functional solutions to problems.
- Operated equipment and machinery according to safety guidelines.
- Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
- Managed financial transactions involving general funds and contracts to reduce cashflow challenges.
- Evaluated existing processes within the finance department and identified areas for improvement.
- Developed and implemented financial strategies to maximize profits and reduce costs.
- Identified opportunities for cost savings through process improvements and automation initiatives.
- Conducted variance analysis to identify discrepancies between actual and budgeted performance.
- Established relationships with banking partners to secure favorable terms on financing arrangements.
- Prepared and analyzed financial statements to inform executive decision-making.
- Coordinated with external auditors to facilitate annual audits and improve financial processes.
- Analyzed sales activity to identify and correct cost errors or price discrepancies.
- Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
- 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.
- Maintained accounts payable and receivable records ensuring timely payments are made.
- Managed payroll processing activities for multiple entities including tax filings.
Sr. Analyst - Finance (Associate Team Lead)
Colgate Global Business Services Pvt. Ltd
Mumbai
06.2013 - 06.2018
- Performed the role of FA coordinator, having a team of seven people directly reporting to me.
- Fixed Assets: Capitalization, Retirement of Assets.
- Accounting of capitalized interest, engineering salaries, executing depreciation
- Preparation of M.W.I.P/Cash spending report, Down-payment report, revaluation on down-payment report, Roll-forward/CFN report, FA creditor report, Depreciation Simulation report, FA capital commitment report to different stakeholders
- Preparation & submission of FA register, FA sales report, Depreciation file for statutory reporting
- Reconciliation of Fixed asset ledger against corporate books
- SOX testing, Idle asset reporting etc
- Performing role of Associate Team lead having 5 direct repartees
- Costing - Quarterly activities
- SLOB / OSMI calculation and sending out Proposed reserve, passing journal Entry
- Material Price Comparison in consecutive quarters
- Cost comparison for Export categories, Highlights for VI and FG
- Upload additive/freight cost for ICP from other Subsidiaries
- Checking revaluation report for all S-Us cost on quarterly basis
Executive - Treasury
Colgate - Palmolive India Ltd
Mumbai
09.2011 - 05.2013
- Preparation & submission of cash flash on a daily basis, reporting of weekly cash balance position to USA
- Factoring of invoices and accounting of the same
- FD / MF investments, import/export accounting, custom duty payments etc., Bank reconciliations, Stale cheques accounting, MIS related to AR ageing on a monthly basis
Accounts Officer
Abbott India Ltd
Mumbai
02.2009 - 09.2011
- Import accounting, Local purchase booking, accounts payable / creditors, monthly creditors valuation
- Preparation of Purchase Price Variance report on a monthly basis
- Closing stock valuation on monthly basis for 3 entities in Abbott World
Supervisor - Finance
Fulford India Ltd
Mumbai
09.2006 - 09.2008
- Bank reconciliations for C&F Location Bank accounts
- Doctors' promotional expenses & regular expense account management
- Travel expense report handling
- Reconciliation of Creditors Account on a quarterly Basis
Education
Inter CMA - Costing
Institute of Cost Accountants of India
true01.2010
B.Com -
Mumbai University
Mumbai01.2006
HSC -
Mumbai Board
Mumbai01.2003
SSC -
Mumbai Board
Mumbai01.2001
Skills
- Financial analysis
- Regulatory compliance
- Cost management
- Data analysis
- Team leadership
- Effective communication
- Excellent communication
- Financial analysis and planning
- Skilled in SAP Coding
- Teamwork and collaboration
- Proficient in Tally9, Marg, SAP software
- Proactive and focused
- Adaptability
References
References available upon request
Extracurricular Activities
Selected as a Guest Auditor in CAD for Greater China Hub Audit. Engaged in various projects related to Fixed Assets and Treasury.
Hobbies and Interests
- Chess
- Badminton
- Listening to old songs
Languages
- English
- Hindi
- Marathi
Personal Information
- Date of Birth: 06/20/85
- Nationality: Indian
Languages
Marathi
First Language
Timeline
Finance Manager
DARP Nutrition Foods Private Limited
07.2018 - Current
Sr. Analyst - Finance (Associate Team Lead)
Colgate Global Business Services Pvt. Ltd
06.2013 - 06.2018
Executive - Treasury
Colgate - Palmolive India Ltd
09.2011 - 05.2013
Accounts Officer
Abbott India Ltd
02.2009 - 09.2011
Supervisor - Finance
Fulford India Ltd
09.2006 - 09.2008
Inter CMA - Costing
Institute of Cost Accountants of India
B.Com -
Mumbai University
HSC -
Mumbai Board
SSC -
Mumbai Board
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