Praveen Powar
Accounts And Finance
Pune,MH
Summary
Dynamic finance and taxation professional with over 15 years of progressive expertise in accounts, taxation, payroll, audits, funding due diligence, and ESOP implementation. Proven ability to drive financial accuracy and compliance while enhancing operational efficiency to support organizational growth. Recognized for exceptional organizational skills and reliability in managing multiple priorities with a positive attitude. Committed to assuming additional responsibilities to achieve team objectives and contribute to overall success.
Overview
15
15
years of professional experience
3
3
Languages
Work History
Assistant Manager – Finance & Operations
OSX Tech Labs Pvt Ltd
04.2017 - 09.2025
- Managed end-to-end finance operations, including bookkeeping, accounts payable, and accounts Receivable, Payroll, Taxation, and Statutory Compliance.
- Supported annual audit process by preparing detailed schedules, reconciliations, and responding promptly to auditor inquiries .
- Managed accounts payable and receivable functions, ensuring timely processing of invoices and collections activities.
- Streamlined month-end closing process by automating tasks and establishing clear deadlines.
- Mentored junior finance staff, fostering a positive work environment and promoting professional growth.
- Collaborated with cross-functional teams to drive company-wide financial initiatives.
- Implemented effective cash management strategies to optimize working capital utilization.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Prepared and presented P&L, Balance Sheet, and Cash Flow Statements for leadership, investors, and board reviews.
- Led coordination with statutory, internal, and tax auditors, ensuring timely closure and compliance.
- Supported fundraising initiatives – data room setup, financial schedules, MIS, and due diligence coordination with investors.
- Oversaw banking and treasury operations, including cash flow planning, payments, and FX management.
- Managed intercompany transactions, reconciliations, and transfer pricing support.
- Implemented and administered ESOP frameworks, guiding employees on vesting, accounting, and tax implications.
Sr. Account Executive
Sokrati Technologies Pvt Ltd (Merkle-Sokrati)
07.2012 - 03.2017
- Oversaw payroll and accounts payable operations, ensuring accuracy and timely processing for almost 1,000 employees.
- Managed tax compliance, including TDS, PF, ESIC, LWF, and professional tax filings within statutory timelines.
- Coordinated with statutory and internal auditors to ensure smooth and timely audit closures.
- Managed vendor payments, employee reimbursements.
Accounts Executive
Verve Global Services Pvt Ltd
10.2009 - 06.2012
- Managed payables, reconciliations & banking transactions.
- Maintained ledger accuracy and supported treasury functions.
Accounts & Audit Executive
Neeren Ranadive Associates
12.2007 - 09.2009
- Assisted in statutory audits and prepared schedules & reports.
- Managed journals, ledgers & reconciliations for clients.
Accounts Assistant
N.S. Deshpande & Co
09.2006 - 11.2007
- Handled bookkeeping, reconciliations & audit support.
Education
B.Com - Commerce
01.2002
HSC - undefined
01.1999
SSC - undefined
01.1997
Skills
Bookkeeping of all Registers, Accounts Payable/Receivable Reconciliations
Payroll & Compliance (India & US), Taxation & Audit Coordination
Bank reconciliation
Management reporting
Revenue recognition
Treasury management
Foreign currency transactions
Cash flow management
Variance analysis
Cost accounting
Audit coordination
Tax compliance
Intercompany transactions
Financial statement preparation
Skilled in Tally ERP, Zoho Books GreyHR, Keka
Accomplishments
- Improved cash flow by streamlining revenue cycle management, reducing billing errors & accelerating collections.
- Supported Pre-Series A & B funding rounds, ensuring compliance for multi-million-dollar investments.
- Led the digital implementation of ESOP structures, giving employees real-time visibility of their equity.
- Automated payroll & compliance processes, cutting manual errors significantly.
- Enhanced vendor payment efficiency, achieving 95% on-time vendor payment adherence.
- Coordinated audits with almost zero major non-compliances.
- Redesigned MIS reports into a one-view template, improving decision-making.
Timeline
Assistant Manager – Finance & Operations - OSX Tech Labs Pvt Ltd
04.2017 - 09.2025
Sr. Account Executive - Sokrati Technologies Pvt Ltd (Merkle-Sokrati)
07.2012 - 03.2017
Accounts Executive - Verve Global Services Pvt Ltd
10.2009 - 06.2012
Accounts & Audit Executive - Neeren Ranadive Associates
12.2007 - 09.2009
Accounts Assistant - N.S. Deshpande & Co
09.2006 - 11.2007
DRK College of Commerce - HSC,
Harihar High School - SSC,
DRK College of Commerce - B.Com, Commerce