Prabhakar Gote
Shirur
Summary
To have a flourishing career in the field of Accounting, Costing and Taxation, through a Competitive and challenging environment, striving towards the growth of the Organization
Overview
21
21
years of professional experience
Work History
Senior Analyst Accounting
Eaton Technologies Private Limited
02.2020 - Current
- Responsible for handling end to end activities of North America GEIS ‘B-Line Electrical’ plants
- Performing various month end close activities
- E.g., Calculation and preparation of various journal entries, reconciliations, reporting & analysis, and compliance related activities etc
- With emphasis on accuracy, attention to detail, and properly supported balances
- Monitoring of income accrual, expense provision and accounting of prepaid expenses
- Generate and distribute various daily, weekly, and monthly plant operational/financial reports to key stakeholders
- Preparing Plant spending report which helps plant team for forecasting of expenses
- Preparing Plant cost walk report which provide the productwise cost details
- Monthly Reserve calculations for Freight, Warranty and Excess & Obsolete report which further analyzed by plant team for necessary accruals
- CONC (Cost of Non-Conformance) analysis, reporting and accounting
- Partner with sites regarding account variances, account aging and recommend actions to resolve
- Preparing and submitting ARCS recons with all necessary supporting and EAE within timeline
- Obtained Meet guidance in 2nd level BSR review for consecutive two years
- Load Capex proposals (CAR) in FAPA for necessary approval, raised request for Internal order creation
- Coordinate with plant team and monitor capitalization of asset before target dates
- Preparation of Monthly/quarterly and annual RSD schedules with necessary working
- GRIR monitoring, Weekly follow-ups with SCM team to resolve the Price and Quantity issues by sending them the MRBR report
- Post the ACCM on request of SCM team
- Providing robust analysis in clearing of the IC receivables/payables and APPO outstanding transactions
- Support the site in their Statutory Audit, Cost Audit, SOX audit and second level balance sheet reviews
- Coordination with cross functional team, IC Vendor, IC customer to resolve the issues
- Support the site in the preparation of the annual profit plan, by way of preparing various schedules
- Preparation of on-going monthly and periodic financial reports
- Coordinate, interpret and respond to ad hoc financial requests
- Helping other team member for any issues they faced related to general accounting, Inventory accounting, OTC, PTP or Intercompany.
Asst. Manager Finance & Accounts
Premium Transmission Private Limited
12.2018 - 02.2020
- Monthly Profit and loss account, MIS to management
- Financial planning & forecasting, Profit Planning (Annual Budget)
- Monitoring daily accounting, Responsible for monthly books closure, preparation of schedule to Trial Balance & balance sheet
- Monitoring of income accrual, expense provision and accounting of prepaid expenses
- Analysis of product cost and inventory against open sales order
- Material Master analysis and correction
- Inventory Ageing Analysis
- Quarterly stock Audit, Stock variance analysis, system update with available stock
- Capex proposals, payback period, IRR calculation and justification
- GRIR monitoring, Vendor payments, MSME vendor confirmation and certification
- Monitoring rejection, accounting & recovery
- Monitoring statutory due payment on or before due date
- Advance payment to vendor, capital vendor and employee, monitoring and settlement
- Co-ordinate with Bank for various bank related activities
- Audit Support for Statutory Audit, Internal Audit etc
- Tracking of Duty Drawback
- Compliance related to EPCG license - Application, Utilization & Redemption
- Tracking of Export proof documents, & application for Bank realization Certificate
- Apply for export incentive scheme like MEIS, SEIS
- Preparation of GST return details and providing to HO for return filing
- Coordination with cross functional team, Vendor, customer, banks, consultants, government officials to resolve the issues.
Asst. Manager Finance & Accounts
Eaton Industrial Systems Pvt. Ltd.(VehicleGroup-TruckDivision)
- Daily MIS to management (sales tracker, flex productivity, LC Balance, Customer aging report)
- Financial planning & forecasting, Profit Planning (Annual Budget) & Monthly Rolling Forecast
- Responsible for monthly books closure along with Balance sheet reconciliations, cost center wise expense reporting, preparation of schedule to Trial Balance & balance sheet
- Responsible for income accrual, expense provision and accounting of prepaid expenses
- Monthly GL account scrutiny, tracking of expenses and analysis
- Co-ordinate with Shared Service Center for proper accounting of transaction
- Co-ordinate with Bank for various bank related activities
- Financial Modeling for Capital expenditures & New Projects, Track Capital work in Progress, Fixed Asset capitalization, Identification, periodic verification and obtaining third party assets confirmation
- Bank, Vendor, customer reconciliation & action on reconciliation points within timeframe
- Responsible for forecasting & maintaining of Debtors days outstanding
- Responsible for tracking and forwarding weekly collection report and following with S&M team for payment, credit note approvals for keeping customer aging clean
- Co-ordinate with Customer for Letter of Credit, Receipt, & Reconciliation, collection of C Forms
- Co-ordinate with intercompany for Cross charging of expenses, receipts & payments
- Audit Support for Statutory Audit, Internal Audit, SOx Audit, VAT Audit, Balance-sheet Reviews etc
- Compliance of Export i.e
- Procedure of Export under CT-1, CT-3, Rebate & under LUT & submission of Proof of Export in form Annexure- 19
- Tracking of Duty Drawback
- Compliance related to EPCG license - Application, Utilization & Redemption
- Tracking of Export proof documents, & application for Bank realization Certificate
- Apply for export incentive scheme like FMS, FPS, MEIS, SEIS
- Worked with IT Team for develop and implement GST in Oracle EPR systems
- GST Registration, Payment and returns.
Sr. Accounts Executive
Harita Seating Systems Ltd, Ranjangaon, Pune(Maharashtra)
02.2006 - 11.2012
- Prepared monthly financial statements, flash reports, and policy planning reviews & budgeting
- Performed month-end close which includes making of adequate provisions & reviewing necessary rectifications/corrections
- BOM costing of each product line to ensure profitability margin
- Inventory variance analysis
- Handled group internal audit, external statutory audits, Central Excise audits (Internal and CERA), VAT audits etc
- Kept proper record of books and financial transactions of the organization
- Handled accounting work up to finalization
- Responsible for handling activities in accounts payable and receivable
- Responsible for reviewing aged receivables, preparing and submitting recommendations on write-off of bad debts to the management
- Handled the responsibility of reviewing and analyzing general ledger accounts for interim and year-end closings
- Ensured proper accounting of general ledger transactions and prepared monthly general ledger reconciliations
- GRIR clearing, Cenvat clearing
- Inter Branch Transactions, fund transfer, stock transfer, and asset transfer
- Availment of duty on material purchase & capital purchase, availment of service tax credit on input services, filing of ER1, ER4, ER5, ER6, ER7 & ST3 returns
- Deduction of service tax on GTA services, Payment & return filing
- Import accounting, export documentation
- Compliance of TDS provisions, Deduction, Payment & e-return filing
- Compliance of Sales tax provisions, Payment, Preparation & e-filing VAT Return
- Preparation for filing of VAT audit report (form 704 u/s 61 of MVAT)
- Handled the responsibility of supervising the daily activities of the staff
- Preparation of cash vouchers, cash transaction, payroll processing & Salary payments
- Bank Reconciliation, Bank Transaction, EFT, NEFT, RTGS, e-payment of Excise Duty, TDS, Service Tax
- Utilization of available funds.
Audit & Accounts Assistant
Muley & Papal Associates, Chartered Accounts, Pune (Maharashtra)
01.2004 - 01.2006
- Handled accounting work up to finalization
- Accounting of Manufacturing, Trading companies, partnerships firms, Proprietorship
- General Ledger Scrutiny
- Journal Vouching
- Compliance of TDS provisions
- Income Tax Return filling
- Bank Reconciliation Bank Transaction.
03.2018 - 12.2018
- Self employment: GST Practice and consultancy Work
- Providing Service of GST return filing to the small proprietors, shops, Business organization, Trust
- Checking the correctness of sales invoices, HSN, SCN, Tax rates
- Checking the GST credit availed correctness
- GST payment
- GST return filing
- GST registration and allied services.
Education
CA Intermediate -
The Institute of Chartered Accountants Of India
11.2007
B.Com -
Pune University
04.2002
H.S.C. -
Pune Board
03.1999
S.S.C. -
Pune Board
03.1997
Skills
- Working Knowledge with SAP software for more than 12 years
- Working knowledge with Oracle ERP for more than 5 years
- Working Knowledge of Encore & Hyperion financial reporting software
- Familiar with basic financial concepts
- Familiar with principle & procedure of GAAP
- Possess a knowledge of the function of business organization
- Ability to supervise team, improve workflow, accuracy & efficiency
- Coordination skill that can help to establish peaceful environment within the organization
- Ability to learn new concepts & improve the existing one
- Strong analytical and problem-solving skill
- End-to-end process knowledge for GL/FA and good understanding of OTC and PTP
- Knowledge of major operating software like PowerBI, Microsoft excel, word, PowerPoint
Languages
Marathi
Hindi
English
Othercourses
- Information Technology Training from The Institute Of Chartered Accountants Of India Pune Centre.
- Diploma in Computer Systems from Aptech Computer Education.
- Attended six days long preparation for VAT Audit program conducted by Maratha chamber of commerce.
Personal Information
- Passport Number: T6282966
- Date of Birth: 03/23/82
- Marital Status: Married
Usvisa
B1/B2, 05/28/24, 05/23/34
Hobbies and Interests
- Playing Cricket
- Carrom
- Puzzle Solving
- Listening Music
Timeline
Senior Analyst Accounting
Eaton Technologies Private Limited
02.2020 - Current
Asst. Manager Finance & Accounts
Premium Transmission Private Limited
12.2018 - 02.2020
03.2018 - 12.2018
Sr. Accounts Executive
Harita Seating Systems Ltd, Ranjangaon, Pune(Maharashtra)
02.2006 - 11.2012
Audit & Accounts Assistant
Muley & Papal Associates, Chartered Accounts, Pune (Maharashtra)
01.2004 - 01.2006
Asst. Manager Finance & Accounts
Eaton Industrial Systems Pvt. Ltd.(VehicleGroup-TruckDivision)
CA Intermediate -
The Institute of Chartered Accountants Of India
B.Com -
Pune University
H.S.C. -
Pune Board
S.S.C. -
Pune Board
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