Summary
Overview
Work History
Education
Skills
Languages
Personal Information
Timeline
Generic

Palak Yadav

Gurgaon

Summary

Performance-driven, strategic thinker and problem solver with 9 years of experience, aligning systems with business requirements, policies and regulatory requirements. Passionate in applying organizational skills to manage finance function. Demonstrated ability to exercise independent judgments, decision-making and initiatives.

Overview

13
13
years of professional experience

Work History

Management Accountant

EnerMech India Pvt Ltd
Mumbai
08.2023 - Current
  • Ensure timely and accurate intercompany reconciliation and Forex revaluation across all respective entities to maintain financial accuracy and compliance.
  • Develop an interactive and insightful Power BI report for Accounts Receivable (AR) and Accounts Invoices (AI) to provide management with real-time visibility, enabling data-driven decision-making and improving financial performance.
  • Ensure accurate and timely preparation of the weekly Cash Flow Forecast and BFT Forecast Report to facilitate efficient financial planning and decision-making.
  • Facilitate accurate collation and reporting of the Weekly Cash-In Report to monitor key customer performance, improve collection efficiency, and streamline invoicing processes.
  • Prepare an accurate and timely month-end Gross Profit (GP) report for the Hydraulics business line to enable performance analysis and strategic decision-making.
  • Develop and review the Monthly Hydraulics Forecast based on the Job and Prospect Report to ensure accurate projections and proactive performance management.
  • Ensure accurate and timely preparation of month-end reports, including SSNI, GRNI, and accrual postings, to provide a clear and comprehensive financial position of the business line.
  • Prepare and deliver accurate Sales and Purchase reports for Enermech and Minteg Ltd to provide managers with timely insights for monitoring business performance and supporting strategic decisions.

Deputy Manager - Finance

Hannover Rück SE - India Branch
05.2018 - 07.2022
  • Timely finalization of accounts in co-ordination with Auditors
  • Implemented SAP Concur for employees expense reimbursement.
  • Ensuring timely compliance with Statutory reporting (ROC, Income-tax, GST, RBI)
  • Providing support for collection of outstanding dues from Cedents
  • Providing support and guidance to technical accounting team in preparing invoices
  • Preparing and finalizing the bank reconciliations
  • Prepare monthly TDS working and payments and finalizing of the TDS return on quarterly basis
  • Preparing monthly GSTR-1 and GSTR-3B working in co -ordination with the consultants for the timely filling of returns.
  • MIS Reporting to the Senior Management team along with variance analysis
  • Preparation of annual budget, cost analysis and provide solution for cost optimization
  • Ensuring timely compliance with Group reporting under IFRS, HGB and Solvency II
  • Managing and looking after daily accounting including source document entry
  • Managing the Vendor payable and receivable accounting management

Sr. Executive - Finance

SUJAN COOPER STANDARD AVS
09.2016 - 04.2018
  • Updates receivables by totalling unpaid invoices.
  • Maintaining all Employee Reimbursement claim calculation and payments.
  • Accomplishes accounting and organization mission by completing related results as needed.
  • Summarizes receivables by maintaining invoice accounts; coordinating monthly transfer to accounts receivable account; verifying totals; preparing reports.
  • Identifying & handling reimbursements, payments & receipts.
  • Perform the data analysis and statistical data quality check and profiling.
  • Maintain and update receivable and payable reports in excel and SAP.
  • To do Bank Reconciliation.
  • To ensure Cash Bills are cleared on time.
  • Cash details are entered and tracked.
  • Monthly TDS working and payments and quarterly TDS Return.
  • Prepare Input and Output Tax data calculate the CGST, SGST & IGST payment and filing GSTR 1, GSTR 2 and GSTR 3B.
  • Trace to realize our payable on time.
  • Maintain the Aging report of Payable and Receivable.

Deputy Manager

HDFC Bank
11.2014 - 09.2016
  • Assessed client's financial situations to develop strategic financial planning solutions.
  • Collaborated with the compliance department to eliminate procedural errors and margin break.
  • Closely worked with product development by providing client feedback.
  • Focused on meeting daily productivity and quality goals.
  • Managing day to day operations of the department.
  • Drive process improvements and implement process changes as necessary.
  • Identify ways to improve processes
  • Exhibit the highest standards of customer service to our internal and external customers
  • Achieving sales targets spread across liabilities, retail assets, business banking, Forex, credit cards, online trading etc.
  • Ensuring KYC compliance, identification of customers and communication of product eligibility.
  • Review Branch reports at the End of day (EOD), cash position report, Instruments issued etc.
  • Monitoring of dummy accounts, suspense accounts, deferred accounts, accounts payable/ receivable, Reconciliation and maintenance of suspense accounts register as per the required formats

Customer Relation Manager

IBIBI (Tradus.com)
05.2014 - 11.2014
  • Reputed as an efficient service provider with high level of accuracy.
  • Resolved customer quires in an empathetic & timely manner to ensure customer satisfaction.
  • Highlighted issues through customer feedback, recommended & implemented changes in procedure, work flow, service level consistently to meet customer demand and thereby ensuring best quality.
  • Follow up with the service provider & logistics network.
  • Ensuring quality service provided by seller.

Key Account Manager

Brain Bees Solution (Firstcry.com)
04.2013 - 03.2014
  • Meeting business head of Hospitals & play schools to discuss about association & promotion.
  • Execute marketing activities & policies to promote product & services.
  • Consult with all the stakeholders to determine project requirements & demands for the service

Intern

Siemens Ltd
05.2012 - 07.2012
  • Identify distribution network for the organization's power related equipment keeping the objective of minimizing the operational cost.

Education

PGDM - Retail Management and Marketing

Institute for Technology and Management
01.2013

B Com -

Delhi University
01.2011

H.S.C. -

CBSE Board
01.2008

S.S.C. -

CBSE Board
01.2006

Skills

  • Budgeting & MIS
  • Financial reporting
  • Cash flow forecasting
  • Intercompany reconciliation
  • Power BI reporting
  • Budget preparation
  • Process improvement
  • Team collaboration
  • Interpersonal & negotiation skills
  • Complex problem solver
  • Flexibility and Adaptability
  • Team leader
  • Cost optimization
  • Strategic Planning
  • Dedication and Hardworking
  • Power BI

Languages

  • English
  • Hindi

Personal Information

  • Date of Birth: 10/26/90
  • Marital Status: Married

Timeline

Management Accountant

EnerMech India Pvt Ltd
08.2023 - Current

Deputy Manager - Finance

Hannover Rück SE - India Branch
05.2018 - 07.2022

Sr. Executive - Finance

SUJAN COOPER STANDARD AVS
09.2016 - 04.2018

Deputy Manager

HDFC Bank
11.2014 - 09.2016

Customer Relation Manager

IBIBI (Tradus.com)
05.2014 - 11.2014

Key Account Manager

Brain Bees Solution (Firstcry.com)
04.2013 - 03.2014

Intern

Siemens Ltd
05.2012 - 07.2012

PGDM - Retail Management and Marketing

Institute for Technology and Management

B Com -

Delhi University

H.S.C. -

CBSE Board

S.S.C. -

CBSE Board

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