Rakesh Belwalkar
Pune
Summary
A results-driven and detail-oriented finance professional with over 13 years of experience in managing both Accounts Receivable and Accounts Payable functions. Proficient in overseeing the full accounts cycle, including invoicing, payment collection, vendor relations, and reconciliation. Skilled at maintaining accurate financial records, managing cash flow, and resolving discrepancies to ensure timely payments and receipts. Adept at preparing aging reports, performing month-end close activities, and ensuring compliance with financial regulations and company policies. Strong communication and organizational skills, with the ability to collaborate cross-functionally with finance, sales, and customer service teams. Proficient in SAP and knowledgeable in accounting principles and financial controls.
Overview
17
17
years of professional experience
Work History
Assistant Manager - Finance
ATG Business Solution Private Ltd
06.2016 - Current
- Responsible for the Order amounts received through Wires / ACH / EFT / Checks (Lockbox process) to apply correctly on Invoices open in Customer Accounts
- Responsible for end-to-end Global cash application for various credit cards
- Successfully Accounts Receivable Process Handover took from Onshore Team
- Prepare the Journal Voucher and upload in SAP system for the rejected Pay Out
- Issue and post bills, receipts, and invoices, assisting clients with any invoicing questions
- Process client bills using the company's proprietary billing software and reconcile billings with the AR ledger, creating invoices and reviewing calculations on billing statements
- Process incoming payments, verifying authenticity to accurately balance accounts
- Evaluated billing processes to develop and implement modified techniques to maximize bill processing, increasing overall efficiency by 15%
- Improved AR performance by 12% by reminding clients of upcoming payment deadlines and recording essential data in the database
- Forwarded invoices and account updates to clients and managed client data to maintain accurate account records and outstanding balances
- Managed late bill collection and questioned claims, compiling and evaluating data for quarterly reports to upper management
- Contributed to efforts to simplify and centralize the billing process, assisting staff with billing, AR, service agreement creation, and other tasks
- Participated in optimizing the billing process flow, which generated a 15%+ increase in monthly revenue
- Streamline the Accounts Receivable Process with Team query and Process documents
- Coordinating with GL Team, Revenue Team and AP Team for monthly close to identify the funds received
- Handling of refund request
- Month end activity
- Ensure to prepare the Audit samples as per requirement of Audit Team
- Handling queries of team day to day basis, understanding the issue and raising the concerns if necessary
Management Accounts S1
Radius Global Growth experts Pvt. Ltd.
03.2011 - 05.2016
- Review, verify, and process vendor invoices for payment, ensuring accuracy and compliance with company policies
- Ensure timely and accurate payments to vendors, suppliers, and contractors, using various payment methods such as checks, ACH transfers, or wire transfers
- Maintain and update vendor records, including contact information, payment terms, and credit limits
- Reconcile accounts payable transactions, ensuring that payments, invoices, and vendor statements match company records and resolving discrepancies
- Process and verify employee expense reports, ensuring compliance with company policies and accurate coding of expenses
- Match purchase orders, invoices, and receipts to ensure proper documentation and approval before payment
- Assist in month-end closing by providing accurate reports of accounts payable transactions and accruals for financial reporting
- Monitor accounts payable to ensure optimal cash flow management and avoid late payment fees
- Communicate with vendors and internal departments to resolve billing discrepancies, payment issues, and ensure proper documentation for payments
- Maintain accurate and organized records of accounts payable transactions, supporting audits, and regulatory compliance
Cashier & Accounting Staff (Third Party Payroll)
Blue Dart Express Limited
05.2008 - 12.2011
- Handled cash transactions to ensure efficient checkout process.
- Monitoring and Controlling Petty Cash Expenses.
- Reviews Octroi Receipt and sorts as per location wise /branch wise.
- Accounting Octroi Receipt and put forward the same to branches.
- Monitoring and Accounting Purchase Journal, Cash Receipt and Cash Payment.
- Improved customer satisfaction by promptly assisting with inquiries.
- Transferring and Monitoring Branch cost to Head Office along with required supporting and document.
- Assisting to superior for month end closing and year end closing.
- Maintained a clean and organized checkout area to enhance customer experience.
- Balanced cash drawer with precision, ensuring accurate end-of-day reports.
Education
Bachelor of Commerce -
University of Mumbai
Mumbai01-2007
HSC -
University of Kolhapur
Kolhapur01-2004
Skills
- Account receivable (O2C)
- Accounts Payable (P2P)
- Payment Processing & Cash Application
- Accounts Reconciliation
- Billing and Order Management
- Credit & Risk Management (O2C)
- Financial Reporting & Analysis
- Accounts receivable management
- Cash flow management
- Credit analysis
- Problem-solving abilities
- Credit and collections
- Credit reporting
- Accounts payable management
- Dispute Resolution & Customer/Vendor Communication
- Problem-Solving & Analytical Thinking
- Bank reconciliation
- Refunds Activity
- SAP FICO / HANA
- Blackline
- Invoicing / Billing
- Other ERP Systems - GP 10 / Navision / Tally
- ERP systems proficiency
- Verbal and written communication
Languages
English
Hindi
Marathi
Timeline
Assistant Manager - Finance
ATG Business Solution Private Ltd
06.2016 - Current
Management Accounts S1
Radius Global Growth experts Pvt. Ltd.
03.2011 - 05.2016
Cashier & Accounting Staff (Third Party Payroll)
Blue Dart Express Limited
05.2008 - 12.2011
Bachelor of Commerce -
University of Mumbai
HSC -
University of Kolhapur
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