Tally
Nitesh Shirish Thakur
Summary
Highly skilled and detail-oriented Financial Accountant with 12 years of experience in financial reporting, project accounting, billing, vendor reconciliation, compliance, and strategic decision-making. Adept at leveraging technology to streamline finance processes, enhance accuracy, and drive operational efficiency. Proven expertise in financial analysis, reconciliation, budgeting, and regulatory compliance across multiple jurisdictions. A proactive problem-solver with a growth mindset, strong analytical skills, and the ability to lead and mentor teams.
Energetic and adaptable professional with solid foundation in financial principles and analysis, coupled with strategic mindset. Possesses deep understanding of financial reporting and budgeting, and skilled in using financial software and tools. Committed to driving financial efficiency and contributing to organizational success.
Overview
13
13
years of professional experience
3
3
Languages
Work History
Finance Controller
Arihant Traders
07.2023 - Current
- Manage and improve daily financial processes, including cash flow, reconciliations, and cost analysis
- Oversee and manage all accounting functions, including general ledger, financial statements, and month-end closing processes
- Managing payments to third-party vendors for time, expenses, licenses, and maintenance fees
- Setting up medium to high complexity projects
- Analysing service contracts, calculating TCV, and setting up billing schedules in the Service Contract module
- Ensuring timely and accurate customer billing of all one-time and recurring fees based on contract terms
- Managing project extensions, terminations, contract amendments, and billing schedules
- Handling project support mailbox, responding to queries, and providing resolutions
- Providing audit support for billing, project accounting, and service contract compliance
- Generating and maintaining MIS reports and financial tracking sheets
- Coordinating with Project Managers to ensure accurate billing corrections and adjustments
- Handling additional ad-hoc tasks assigned by the team manager or stakeholders
- Managing payments to third-party vendors for time, expenses, licenses, and maintenance fees
- Ensuring contract adherence for third-party invoices and recording accurate details in system
- Coordinating with billing teams to ensure customers are charged correctly for third-party costs
- Raising purchase requisitions for third-party vendors and supporting audit requirements
- Oversee financial reporting, budgeting, and forecasting to support business operations
- Ensure compliance with regulatory standards across multiple jurisdictions
- Prepare and analyze financial statements, identifying trends and opportunities for cost optimization
- Evaluate and enhance accounting and accounts payable processes to improve efficiency, accuracy, and automation
- Implement and maintain internal controls to safeguard company assets and ensure regulatory compliance
- Oversee tax compliance and liaise with external auditors and consultants
- Conduct financial risk assessments and recommend mitigation strategies
- Manage accounts payable, vendor relationships, and contract negotiations to optimize cash flow and payment terms
- Monitor working capital, ensuring efficient financial operations and budgeting
- Ensure timely and accurate payments to vendors, managing vendor statements and resolving any discrepancies
- Foster and maintain strong relationships with vendors, addressing inquiries, resolving issues, and negotiating payment terms
- Manage month-end and year-end close processes efficiently
- Identify and address root cause errors and internal control gaps to improve operational efficiency
- Collaborate with cross-functional teams to optimize finance processes and systems
Accounts Manager
Omshriniwas Extrusions
03.2014 - 06.2023
- Transaction Management
- Ensure the integrity of accounting information by recording, verifying, consolidating, and entering transactions
- Analyze employee time sheets and ensure proper allocation of costs
- Transfer Pricing
- Assist in the preparation and review of transfer pricing invoices
- Ensure compliance with transfer pricing regulations and guidelines
- Taxation and Filings:
- Expertise in TDS provisions and filings
- Prepare and file GSTR-1 and GSTR-3B returns
- Manage quarterly advance tax filings and ensure timely submissions
- Customs and Import Procedures:
- Prepare Form-A for customs and manage the import of materials
- Knowledge of STPI procedures and filings
- Audit Coordination
- Coordinate with auditors for interim and annual audits
- Provide necessary documentation and support during audits
- Account Reconciliation:
- Maintain and reconcile balance sheet and general ledger accounts
- Compare monthly bank statements and sign off on monthly bank reconciliations to prepare bank reconciliation statements
- Compliance and Standards
- Ensure compliance with internal controls and accounting standards
- Perform periodic balance sheet and profit & loss reconciliations
- Accounts Payable and Receivable
- Maintain sound knowledge of accounts payable and receivable processes
CMA Trainee
A J PARANJAPE & CO
07.2012 - 02.2014
- Preparation & Submission of Cost audit and compliance reports
- Product costing and variance analysis
- Semi-finished and by-product cost determination (CAS-4)
- Machine hour rate computation
- Internal audit work and report preparation
Education
CMA Intermediate - Accounting and Finance
Institute of Cost & Management Account of India
Diploma - Taxation and Law
Pune University
Pune, MaharashtraMaster's Degree - Accounting and Finance
Pune University
Pune, MaharashtraBachelor's Degree - Accounting and Finance
Pune University
Pune, MaharashtraSkills
Financial Reporting & Analysis
Budgeting & Forecasting
Month-End & Year-End Close
Regulatory Compliance & Tax Filings
Cash Flow Management
Import Payments & Documentation
Audit Compliance & MIS Reporting
Reconciliations & Ledger Management
Process Automation & Improvement
Variance analysis
Accounting software proficiency
Internal controls
Debt management
Cash flow management
ERP systems expertise
Accounts reconciliation
Payroll management
Fixed assets management
Cost accounting
Project finance
Intercompany transactions
Audit coordination
Working capital management
Tax compliance
Business partnering
Financial policies development
Budget development
Revenue generation
Procedure development
Corporate finance
Commission calculation
Pricing and costing
Financial statement review
Financial document review
Payroll processing
Negotiation
AP/AR invoicing
Team oversight
Staff management
Project management
General ledger management
General ledger accounting
Strategic planning
Policy planning
Processing payments
Management accounting
Preparing financial statements
Accounting management
Statement reconciliation
Variance resolution
GAAP compliance
Office workflow improvements
Non-profit accounting
Collections
Month-end and year-end closings
Month-end closing
Corporate strategic planning
Expenditure review
Budget strategy
Purchase tracking
Financial strategy management
Accounts payable management
Executive leadership advisement
Payment disbursement
Multitasking Abilities
Time management abilities
Legal Disclaimer
I am an equal opportunity applicant and value diversity. I do not discriminate based on race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status, or disability status.
Software
SAP
Microsoft Excel
Microsoft Word
Quick Books
Timeline
Finance Controller
Arihant Traders
07.2023 - Current
Accounts Manager
Omshriniwas Extrusions
03.2014 - 06.2023
CMA Trainee
A J PARANJAPE & CO
07.2012 - 02.2014
Diploma - Taxation and Law
Pune University
Master's Degree - Accounting and Finance
Pune University
Bachelor's Degree - Accounting and Finance
Pune University
CMA Intermediate - Accounting and Finance
Institute of Cost & Management Account of India