Rakesh Kumar Pandit
Bangalore
Summary
Team Leader experienced in directing activities of workgroups. Develops strategies, provides training, sets goals and obtains team feedback. Excellent interpersonal and communication skills. Big picture focus with excellence in communicating goals and vision to succeed. Problem solver, networker and consensus builder.
Overview
10
10
years of professional experience
Work History
Senior Team Lead
Finfinity Consulting Private Limited
10.2023 - Current
- Financial Reporting( IFRS / IND AS ), Accounts Payable & Receivable Management
- Guided the implementation of strategies designed to achieve planned goals
- Managed teams of 10 employees and monitored projects to ensure progress
- Prepares and sends reconciled account payable & receivable ageing report on weekly basis to the Accounting Manager
- Takes care of Intercompany balance reconciliation
- Inter Company & Inter Unit reconciliation on a regular basis
- FC (foreign exchange) revaluation monthly
- Working on Accrued Payroll & Taxes ,Accrued Employee Benefits Liab,Accrued Bonus & Commissions monthly
- Ensure MSME vendors are paid on time
- Ensure Employee / Projects advances closing in time and reporting of advances on a weekly basis
- Responsible for preparation of schedules of financial statements (standalone & Consolidated) quarterly and annually
- Variance analysis of Profit and Loss & Balance sheet monthly
- Review cash reconciliation , Credit card reconciliation
- Review and post cash sales journal , Credit card sales journal entries
- Working on customer outstanding reports weekly and monthly
- Review on daily sales reconciliation
- Processed multiple bank account receipts from lock box, wires, and ACH
- Maintained communications between the billing department and sales
- Recorded & balanced all cash transactions
- Reconciliation of TDS & other compliances
- Ensures timely collection and processing of subcontractor’s payments as per company policy
- Ensures timely submission of client invoices as per project milestone and follows up with respective departments for acceptance
- Verification and processing of monthly salary before the end of month
- Monthly reconciliation of accounting provisions, prepaids and accruals items in books
- Handles Real time update of Fixed asset register and its monthly submission to Accounting Manager
- Ensures proper accounting of purchases and disposals
- Reconciles Bank Accounts and Cash daily and submit weekly reports to the Group
- Sends a Treasury Report to the Accounting Manager at the end of every week
- Ensures the compliance of company internal policies and procedures
- Ensures cooperative communication and coordination with peers, subordinates, and superiors.
Senior Accountant
Amico Group of Companies
12.2021 - 07.2023
- Accounts Payable & Receivable Management
- Working on intercompany reconciliation reports on monthly, quarterly, and yearly
- Create & account for the intercompany cost
- Preparation of Daily Estimated cash flow and planning the payments
- Daily/Weekly/Monthly oversight of all Accounts Payable activities; Travel & expenses/E-Claims (Employee reimbursements), Invoice processing and Payments, Vendor Onboarding, System reconciliation various other ad hoc operational activities and projects
- Maintenance of Fixed Asset Register such as updating of Fixed Asset details in FAMS, Depreciation JV and review of Gross Block, Accumulated Depreciation and Net Block
- Preparation of monthly TDS calculations and matching with ledgers and filing of Quarterly Returns
- Review cash reconciliation , Credit card reconciliation
- Review and post cash sales journal , Credit card sales journal entries
- Review on daily sales reconciliation
- Working on customer outstanding reports weekly and monthly
- Working on a Bank reconciliation report daily
- Review the payroll working file and post
- Preparing and making the payment of monthly TDS/TCS payment
- Working on goods in transit (GIT), GR IR clearance, Banks charges in month end activity.
Executive - Account
Yaskawa India Pvt Ltd
03.2019 - 11.2021
- Accounts Payable & Receivable Management
- Assisting the overall functions of Finance, Accounts, Part of indirect Taxation, Audits and Documentation in SAP FI & MM
- Assisting the Month end /Quarterly Closure and Year end closure activities of Finance and Accounts, Review of Accounts Payable and GST General Ledgers and Sub Ledgers, reviewing reconciliation of subledger and general ledgers, Intercompany reconciliations, Scrutinising of Trial Balance with respect to GST & Accounts payable, Preparation of Financials, preparation of MIS and PPT`s for monthly meetings as per the management requirement
- Maintaining proper accounts as per advice from manager with respect to compliances of various accounting standards & other provisions as per Companies Act; managing accounting functions involving determining financial objectives, policies & procedures to facilitate internal financial control
- Presenting a true and fair view of the financial position of the company by way of timely preparation of annual reports and ensuring timely analysis of the expenditure monthly to control expenses
- Assisting the Import remittances and preparation of 15CA
- Reconciling vendor accounts and Customer accounts
- Coordinating with statutory, internal & cost auditors for preparation of 3CD, 3CB & 3CEB and segmental reports and related parties’ disclosures for study to ensure compliance and audit
- Work on cash reconciliation , Credit card reconciliation
- Work on cash sales journal , Credit card sales journal entries
- Work on Daily sales reconciliation
- Review and preparation of FC( foreign exchange )file monthly
- Ensuring finalisation of audit schedules as per the requirement of auditor; preparing Segmental Report and related parties’ and coordination with auditors
- Performing reconciliations of general ledger, fixed asset maintenance and cash flow control; correcting errors by posting and adjusting journal entries in SAP FI
- Engaging in day-to-day interactions with banks for fund mobilisation and projecting reports towards sanction of working capital & term loan limits, their renewal & enhancement
- Review and follow-up with consultant for Expats monthly withholding taxes calculations and filing the Income Tax returns for Expats.
Sr. Associate
EXL Services (I) Pvt Ltd
08.2016 - 09.2018
- Accounts Receivable Processes & Management
- Generating the invoices / bills and submitted to customers through email and uploaded into SAP FI ERP/ portal
- Follow up with customers for debit / Credit Memo when needed
- Sales order maintenance and to make sales vouchers in SAP
- Prepared credit reports (AR) and verified credit information
- Work on cash reconciliation , Credit card reconciliation
- Work on cash sales journal , Credit card sales journal entries
- Work on Daily sales reconciliation
- Process transaction reports (ageing, payment, etc.) after data entry
- Follow with the customer for payments and queries
- Posted the collection amount in SAP FI ERP (Cash app)
- (Cash, cheques, ACH, Credit card, DD, WT).
Finance & Accounts Associate Executive
Infinite Computer Solutions (I) Ltd
02.2015 - 02.2016
- Accounts Payable Processes & Management
- Posting of invoices, advance receipt, clearing of outgoing and down payments in SAP FI
- Handled all activities in accounts payable relating to travel reimbursements, EFT requests, and contract labour
- Managed the payments made by the company to vendors – Compared and verified the records and bills of vendors and issued payments
- Performs data entry of billing information, including editing, and verifying accuracy of created invoices in SAP
- Creation and changes of purchase orders based on a variety of processes
- Prioritizes purchase order processing according to timing and action schedules.
Finance & Accounts Executive
TATA-AIA LTD. Associated through PAMAC group
10.2013 - 02.2015
- Accounts Payable Processes & Management
- Working on P2P process which includes PO & Non-PO SAP FI & MM
- Managed the payments made by the company to vendors – Compared and verified the records and bills of vendors and issued payments
- Maintained records of all payments made – Ensured the accuracy of the amounts entered in the records and invoices of the firms
- Travel & expenses/E-Claims (Employee reimbursements) processing in Empower system as per company policy.
Education
MBA (FINANCE) -
Biju Patnaik University of Technology
Bhubaneswar09.2011
Bachelor of Commerce - Accounting And Finance
Barrackpore Rastraguru Surendranath College
Kolkata07.2008
PUC/Intermediate (COMM) - Accounting And Finance
Kendriya Vidyalaya KPA -C.B.S. E
Kolkata06.2005
SSC/10th Standard -
Kendriya Vidyalaya KPA -C.B.S. E
Kolkata04.2003
Skills
- Financial analysis & reporting
- Budgeting and forecasting
- Reconciliation
- Accounting software proficiency: SAP , Oracle , Microsoft ERP & Tally
- Accounts payable and receivable
- Payroll Processing
- Team & Client Management
- Data Entry & Analysis
- Tax compliance
- Asset management
Personal Information
Pan Number: AZIPP3518K
Timeline
Senior Team Lead
Finfinity Consulting Private Limited
10.2023 - Current
Senior Accountant
Amico Group of Companies
12.2021 - 07.2023
Executive - Account
Yaskawa India Pvt Ltd
03.2019 - 11.2021
Sr. Associate
EXL Services (I) Pvt Ltd
08.2016 - 09.2018
Finance & Accounts Associate Executive
Infinite Computer Solutions (I) Ltd
02.2015 - 02.2016
Finance & Accounts Executive
TATA-AIA LTD. Associated through PAMAC group
10.2013 - 02.2015
MBA (FINANCE) -
Biju Patnaik University of Technology
Bachelor of Commerce - Accounting And Finance
Barrackpore Rastraguru Surendranath College
PUC/Intermediate (COMM) - Accounting And Finance
Kendriya Vidyalaya KPA -C.B.S. E
SSC/10th Standard -
Kendriya Vidyalaya KPA -C.B.S. E
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