NILESH PARAB
BALA
Mumbai
Summary
Experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
13
13
years of professional experience
3
3
years of post-secondary education
3
3
Languages
Work History
Manager - Accounts & Finance
Empire Prime Realty A Division of Empire Industries Ltd
Mumbai
2022.09 - Current
- Developed annual and multi-year budgets to meet organizational needs
- Reconciled balance sheets and income statements each month
- Analyzed monthly balance sheets, income statements and cash flow information and wrote up reports
- Processed vendor payments, invoices and account statements
- Administered expenses in line with forecasted business demands and available income
- Improved overall financial reporting by streamlining control processes and reporting structures
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance
- Utilized financial software to prepare consolidated financial statements
- Complied with established internal controls and policies
- Prepared internal and regulatory financial reports, balance sheets and income statements
- Established internal audit procedures to validate and improve accuracy of financial reporting
- Supported financial director with special projects and additional job duties
- Developed strategic plans for day-to-day financial operations
- Analyzed business processes to identify cost savings and operational efficiencies
Assistant Manager - Accounts & Finance
HCZ Developers Pvt Ltd (Ahuja Hive)
Mumbai
2022.03 - 2022.09
- Preparing Cash flow on Monthly basis for Management
- Authorizing Brokerage Bills as per policy set by management
- Preparation of CRM, Sales Marketing Incentive data as per respective Team request
- Authorization of Balance confirmation of customer as per CRM Team request
- Monitoring of taxes like Service Tax, VAT & GST on monthly basis
- Checking of receivable payment Chart on Monthly basis (All Projects)
- Preparation of Sales data for POCM Working on monthly basis
- Reconciliation of 194 IA with 26 AS on Quarterly basis & Follow up with CRM Team
- Monitoring collection tracker on weekly basis
- Authorizing NSP & Purchase entry & Cross checking tax rate
- Providing Creditors Ageing as per requirement
- Monitoring Creditors Outstanding Summary on Monthly basis
- Passing Audit JV after finalization of balance sheet
- Preparing Daily Collection & Disbursement MIS
- Preparing Future Sales & Collection report.
- Managed journal entries, collection efforts, reconciliations, and payroll processing
- Collaborated with other departments to achieve accurate and prompt financial reporting
Assistant Manager - Accounts & Finance
Empire Centrum A Division of Empire Industries Ltd
Mumbai
2020.09 - 2022.03
- Preparing Cash flow on Monthly basis for Management
- Authorizing Brokerage Bills as per policy set by management
- Preparation of CRM, Sales Marketing Incentive data as per respective Team request
- Authorization of Balance confirmation of customer as per CRM Team request
- Monitoring of taxes like Service Tax, VAT & GST on monthly basis
- Checking of receivable payment Chart on Monthly basis (All Projects)
- Bank reconciliation in system
- Preparation of Sales data for POCM Working on monthly basis
- Reconciliation of 194 IA with 26 AS on Quarterly basis & Follow up with CRM Team
- Monitoring collection tracker on weekly basis
- Authorizing NSP & Purchase entry & Cross checking tax rate
- Providing Creditors Ageing as per requirement
- Monitoring Creditors Outstanding Summary on Monthly basis
- Updating GST details in Account head master with names & address
- Passing Audit JV after finalization of balance sheet
- Preparing Daily Collection & Disbursement MIS
- Preparing Future Sales & Collection report
- Preparing monthly MIS (Cash Flow/Profit Working/Joint Development)
- Preparing Sales & Fund Flow MIS.
- Analyzed business processes to identify cost savings and operational efficiencies
Assistant Manager - Accounts & Finance
Radius Group
Mumbai
2016.09 - 2020.09
- Monitoring all daily receipts entered in system & follow up with CRM team
- Authorization of Balance confirmation of customer as per CRM Team request
- Monitoring of taxes like Service Tax, VAT & GST on monthly basis
- Checking of receivable payment Chart on Monthly basis (All Projects)
- Bank reconciliation of for specific banks
- Reconciliation of 194 IA With 26 AS on Quarterly basis & Follow up with CRM Team
- Monitoring collection tracker on weekly basis
- Authorizing NSP & Purchase entry & Cross checking tax rate
- Providing Creditors Ageing as per requirement
- Incoming & Outgoing Foreign remittance entries as per bank advice provided by banking team
- Monitoring Creditors Outstanding Summary on Monthly basis
- Updating GST details in Account head master with names & address
- Helping finalization team for preparation of provisional balance sheet
- Passing Audit JV after finalization of balance sheet
- Raising Monthly CAM, Electricity BTU & Property Tax invoices of Rental customers
- Providing Collection details & cash flow for lease customers on weekly basis to management
- Follow up with Customers for outstanding of customers
- Reconciliation of Rental TDS with 26AS for all Projects
- Preparation of GST details for filling GST Returns
- Sending reminder mails & follows up for outstanding dues
- Authorization of vendor bills of rental projects
- Providing expenses details to internal auditor for generation of CAM Report on yearly basis
- Providing various reports to external auditor during audit process
- Preparing Daily Collection & Disbursement MIS
- Preparing Future Sales & Collection report.
Senior Executive - Accounts & Finance
Wadhwa Group
Mumbai
2010.11 - 2016.09
- Authorizing Brokerage Bills & final clearance of customers to whom possession not given
- Monitoring all daily receipts entered in system & follow up with sales team
- Authorization of confirmation regarding collection to customer as per their request
- Monthly checking of service tax & meat liability will properly raise in books by team members
- Successful Implementation of CRM & Marketing & Finance Module of Erp
- Follow up with service tax team regarding computation of service tax & Vat on monthly basis
- Checking of receivable payment Chart on Monthly basis (All Projects)
- Preparing Vendor creation against approved technical & statutory request from concerned person
- Reconciliation of 194 IA With 26 AS on Quarterly basis & Follow up with Sales Team
- Cross checking sales incentive with updating information received from hr department
- Sharing knowledge, experience, ideas and supporting colleagues for advance excel & erp software
- Regular Scrutiny & Monitoring of Sundry Debtors & Creditors
- Providing details of old outstanding to management & sales team against which receivable is pending
- Sales Chart with up to date information on real time basis
- Computation of Service tax & Mvat working on monthly basis
- Preparation of monthly cancellation, transfer report for sales team
- Brokerage & Debtors Summary (All Projects)
- Preparation reports of retention amount outstanding balance of creditors more than 180 on quarterly basis
- Evaluating creditors rating - Annually
- Statutory Audit, Tax Audit
- All activities of preparation, checking, co-ordination etc., with statutory audit & department audit from Service Tax & Vat, Internal & Special audit as & when required
- Performing analytical review of financial statements and evaluation of internal control systems for carrying out Internal / Statutory Audits
- Compiling of information required by Taxation authorities such as Income Tax & Service Tax.
- Maintained responsive organization with sustained revenue growth through industry forecast monitoring and deliberate financial planning
Education
Bachelor of Commerce -
Lala Lajpat Rai Collage
Mahalaxmi 2006.06 - 2007.06
DIPLOMA IN FINANCE & MANAGEMENT - Finance
Welingkar Institute of Management
Mumbai 2012.03 - 2014.03
Skills
Managerial finance
undefinedInterests
Traveling, Sport, Exercising
Linguistic Abilities
Marathi, Hindi, English
Project Implementation
Successfully implementation done of uploads system Erp (The Wadhwa Group), SUN (Birla Global Finance Ltd) & Sap (Reliance General Insurance Limited). Also have great capability of making system driven MIS link with any accounting software (SAP, Tally, ERP FAR Vision and SUN).
Personal Information
- Date of Birth: 06/10/1987
- Nationality: Indian
- Marital Status: Married
Software
SAP
ERP Farvision
Oracle
Sun System
Tally
Timeline
Manager - Accounts & Finance
Empire Prime Realty A Division of Empire Industries Ltd
2022.09 - Current
Assistant Manager - Accounts & Finance
HCZ Developers Pvt Ltd (Ahuja Hive)
2022.03 - 2022.09
Assistant Manager - Accounts & Finance
Empire Centrum A Division of Empire Industries Ltd
2020.09 - 2022.03
Assistant Manager - Accounts & Finance
Radius Group
2016.09 - 2020.09
DIPLOMA IN FINANCE & MANAGEMENT - Finance
Welingkar Institute of Management
2012.03 - 2014.03
Senior Executive - Accounts & Finance
Wadhwa Group
2010.11 - 2016.09
Bachelor of Commerce -
Lala Lajpat Rai Collage
2006.06 - 2007.06
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