Hi, I’m
Rachana Goswami
Senior Accountant
Pune
Summary
Accomplished Senior Accountant with a proven track record at Famous Minerals and Chemicals Private Limited, showcasing expertise in financial reporting and a knack for problem-solving. Excelled in streamlining month-end closing procedures, reducing time by 50%, and enhancing financial accuracy through advanced Excel functions. Renowned for exceptional communication skills and a results-driven approach, adept at leading teams and improving financial processes. Seasoned auditing professional knowledgeable about risk aversion strategies, cost reduction options and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities. To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.
Overview
5
years of professional experience
Work History
Famous Minerals and Chemicals Private Limited
Senior Accountant
06.2022 - 11.2023
Job overview
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Updated general ledger with latest entries.
- Completed year-end closing processes with controllers and external auditors.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
- Improved cash flow management by implementing stricter credit policies.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
- Reduced errors in financial statements through stringent review procedures and regular reconciliation of accounts.
- Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.
- Coordinated with various departments to gather financial data, ensuring accurate representation of each business unit''s performance.
- Contributed to hiring, training and development of accounting teams.
- Maintained accurate depreciation schedules for fixed assets, coordinating with asset managers for timely recording of acquisitions or disposals.
- Established strong relationships with vendors to negotiate favorable payment terms that improved working capital management.
- Streamlined financial reporting with new accounting software and automated tasks.
- Spearheaded a team of junior accountants, providing mentorship and guidance to improve efficiency and accuracy in their work.
- Strengthened internal controls by reviewing processes, identifying gaps, and proposing improvements to safeguard against fraud or mismanagement of funds.
- Assisted in successful completion of external audits by preparing comprehensive documentation and supporting evidence.
- Improved financial reporting accuracy by implementing advanced Excel functions for data analysis.
- Conducted monthly reconciliations for all bank accounts to ensure financial integrity.
- Decreased financial discrepancies, thoroughly investigating and resolving any variances in account balances.
- Streamlined tax preparation process, ensuring timely and accurate submission of all tax documents.
- Led successful migration of financial records to new accounting platform, ensuring seamless transition.
- Enhanced compliance with tax regulations by meticulously updating and maintaining tax records.
- Streamlined accounts payable processes, reducing payment cycle times by automating invoice processing.
- Reduced month-end closing time, meticulously organizing and reviewing ledger entries for consistency.
- Provided journal entries and performed accounting on accrual basis.
- Prepared working papers, reports and supporting documentation for audit findings.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Trained new employees on accounting principles and company procedures.
- Identified legal tax savings and recommended ways to improve profits.
Avon Lifestyle Private Limited
Accounting Assistant
01.2022 - 06.2022
Job overview
- Processed payments and documents such as invoices, journal vouchers, employee reimbursements, and statements.
- Assisted in the preparation of monthly financial statements for timely and accurate reporting to management.
- Maintained strict confidentiality of sensitive financial data, protecting company integrity and privacy rights of individuals involved.
- Facilitated smooth financial audits by maintaining organized records and providing necessary documentation to auditors.
- Improved cash flow management by closely monitoring accounts receivable, ensuring prompt collection of outstanding balances.
- Managed high-volume invoice processing tasks while consistently meeting tight deadlines for vendor payments.
- Processed credit card payments and reconciled credit card statements for accuracy in accounting process.
- Expedited invoice processing with effective communication between internal departments and external vendors.
- Contributed to the development of a positive work environment, fostering strong relationships with colleagues and supervisors.
- Reduced errors in account reconciliation through meticulous attention to detail and thorough review of transactions.
- Collaborated with team members on special projects, contributing valuable insights and problem-solving skills.
- Improved financial decision-making by providing detailed expense reports and analysis.
- Improved team productivity by organizing and maintaining digital and physical financial records.
- Managed accounts payable and receivable, ensuring timely processing of invoices and payments.
- Assisted in tax preparation, ensuring accurate and compliant submissions.
- Reduced late payments by implementing more effective accounts payable system.
- Streamlined invoice processing, reducing payment turnaround time with efficient data entry.
- Enhanced vendor relations by promptly resolving invoice discrepancies.
- Streamlined accounts receivable processes, improving cash flow with timely billing and collection efforts.
- Ensured compliance with regulatory standards by keeping up-to-date with changes in financial law and guidelines.
- Reduced processing errors by implementing new system of double-checking entries.
- Enhanced accuracy of budget forecasts by analyzing past expenditures and predicting future costs.
- Improved stakeholder satisfaction by producing detailed and understandable financial reports.
- Enhanced accuracy of financial reports by meticulously reviewing and reconciling accounts.
- Facilitated smoother audits by preparing necessary documentation and supporting materials.
- Assisted in preparing monthly financial statements, contributing to transparent and accurate financial reporting.
- Contributed to cash flow management, monitoring incoming and outgoing transactions.
- Handled day-to-day accounting processes to drive financial accuracy.
- Recorded deposits, reconciled monthly bank accounts and tracked expenses.
- Inspected account books and recorded transactions.
- Matched purchase orders with invoices and recorded necessary information.
- Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
- Maintained account accuracy by reviewing and reconciling checks monthly.
- Generated invoices upon receipt of billing information and tracked collection progress.
- Developed monthly, quarterly and annual profit and loss statements and balance sheets.
- Maintained excellent financial standings by working closely with bookkeeper to process business transactions.
- Reduced financial discrepancies, effectively reconciling bank accounts and organizing information into accounting software.
- Presented audit findings to accounting manager after reviewing results and paperwork.
- Streamlined daily reporting information entry for efficient record keeping purposes.
- Created detailed expense reports to facilitate reimbursement for business expenses incurred.
- Implemented new accounting processes to decrease spending and work flow downtime.
- Tracked financial progress by creating quarterly and yearly balance sheets.
- Reconciled company bank, credit card and line of credit accounts, investigating, and resolving discrepancies to keep accounts audit-ready.
- Reconciled accounts, managed audits and updated financial records with remarkable accuracy.
Shah Gohil and Associates Chartered Accountant
Articled Audit Assistant
07.2018 - 01.2022
Job overview
- Collaborated with team members to complete audits efficiently and maintain client satisfaction.
- Performed reconciliations of account balances to ensure accurate reporting in the company''s financial statements.
- Assisted in preparing comprehensive reports outlining audit findings, recommendations, and required follow-up actions for management review.
- Ensured timely completion of audit assignments by effectively prioritizing tasks and managing workload.
- Continuously improved auditing skills through attending relevant training courses and staying current on industry developments.
- Carried out tests of controls on key business processes to evaluate their effectiveness in mitigating risks.
- Conducted risk assessments to identify potential issues and develop appropriate recommendations for resolution.
- Maintained strict confidentiality of sensitive client information, adhering to professional standards and ethical practices.
- Proactively identified opportunities for process improvements within the company''s internal controls framework through detailed analysis of existing procedures.
- Facilitated clear communication between clients and audit team, addressing questions or concerns promptly.
- Contributed to positive work environment by maintaining a collaborative attitude among team members during high-pressure situations.
- Streamlined internal processes by implementing efficient organization systems for audit documentation storage.
- Assisted in the preparation of detailed financial statements, ensuring accuracy and compliance with regulations.
- Supported senior auditors with research, data analysis, and documentation during complex audits.
- Enhanced audit quality by conducting thorough assessments and identifying areas for improvements.
- Developed strong working relationships with clients to foster trust and facilitate smooth audit processes.
- Demonstrated exceptional attention to detail when reviewing financial records for accuracy and completeness.
- Managed deadlines effectively while working on multiple engagements simultaneously to deliver high-quality work within established timeframes.
- Provided valuable insights by analyzing financial data and identifying trends or anomalies.
- Established credibility as a knowledgeable resource for colleagues seeking guidance on audit-related matters.
- Developed detailed financial recordkeeping methods and procedures to support fiscal reporting.
- Detected internal control deficiencies and suggested corrective measures.
- Prepared year-end journal entries to prepare for annual audit.
- Conducted audits of funds to meet proper accounting, reporting and disbursement requirements.
- Assisted auditor in developing timelines, budgets, and audit plans for approx 30/40 audits assigned projects in every finaicial year.
- Supervised assigned accounting staff to evaluate performance and maintain standards.
- Analyzed impact of tax roll changes on county revenue and formulated statistical reports for appropriate committees.
- Provided administrative and management assistance to auditor and directed activities in office.
- Recommended strategies to correct unsatisfactory conditions and reduce costs.
- Prepared balance sheets.
- Created thorough audit reports with results, recommendations and conclusions.
- Developed audit scopes and audit programs.
- Performed standardized tests to check processes and adequacy of internal control structure.
- Reviewed data points and trends to determine compliance.
- Implemented accounting training and education for new hires on county staff.
- Drafted findings and recommendations into detailed reports.
- Prepared working papers, reports and supporting documentation for audit findings.
- Provided journal entries and performed accounting on accrual basis.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Maintained integrity of general ledger and chart of accounts.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
- Developed financial models to assess and analyze financial performance of clients.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Tracked funds, prepared deposits and reconciled accounts.
- Used accounting software to issue tax returns and prepare consolidated reports.
Education
Institute of Chartered Accountants of India, Mumbai, India
from Article Audit Assistant
MSCIT -Computer Course (Tally & GST), Mumbai, India
No Degree
04.2001
Institute of Chartered Accountants of India, Mumbai
No Degree from Integrated Course of IT & Soft Skills Orientation
04.2001
University of Mumbai , Mumbai
Master of Commerce (Accounts) from Financial Accounting
04.2001
MSME Technology Central Bhopal, Bhopal
No Degree from Export Import Management
04.2001
Ghanshyamdas Saraf College Of Arts & Commerce, Mumbai, India
Bachelors of Commerce from Financial Accounting
04.2001
Durgadevi Saraf College of Commerce, Arts , Mumbai
Higher Secondary Education from Commerce
04.2001
Pragnya Bodhini High School, Mumbai
Secondary School Education
04.2001
Skills
Bank Reconciliation
Languages
English
Hindi
Marwari
Marathi
Timeline
Senior Accountant
Famous Minerals and Chemicals Private Limited
06.2022 - 11.2023
Accounting Assistant
Avon Lifestyle Private Limited
01.2022 - 06.2022
Articled Audit Assistant
Shah Gohil and Associates Chartered Accountant
07.2018 - 01.2022
MSCIT -Computer Course (Tally & GST)
No Degree
04.2001
Institute of Chartered Accountants of India
No Degree from Integrated Course of IT & Soft Skills Orientation
04.2001
University of Mumbai
Master of Commerce (Accounts) from Financial Accounting
04.2001
MSME Technology Central Bhopal
No Degree from Export Import Management
04.2001
Ghanshyamdas Saraf College Of Arts & Commerce
Bachelors of Commerce from Financial Accounting
04.2001
Durgadevi Saraf College of Commerce, Arts
Higher Secondary Education from Commerce
04.2001
Pragnya Bodhini High School
Secondary School Education
04.2001
Institute of Chartered Accountants of India
from Article Audit Assistant
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