Satish Bhange
Thane
Summary
Dynamic finance professional with extensive experience at CEVA Logistics India Pvt Ltd, excelling in financial management and business forecasting. Proven track record in identifying cost-saving opportunities and enhancing reporting accuracy. Skilled in KPI management and fostering team collaboration, driving impactful financial strategies that support organizational growth.
Overview
13
13
years of professional experience
Work History
Regional Finance Manager
Wiz Logtech India Pvt Ltd
Mumbai
10.2024 - Current
- Identified opportunities for cost savings through process improvements or new technologies.
- Trained junior staff members on best practices related to financial processes.
- Coordinated with external auditors during audits and quarterly reviews.
- Analyzed financial data to identify trends and issues, recommending solutions to management.
- Managed day-to-day operations of the finance department, including accounts payable and receivable.
- Performed ad hoc projects as requested by senior leadership team members.
- Provided support in the preparation of reports and presentations for senior management.
- Conducted variance analysis of actual results versus budget and forecast.
- Established internal controls to ensure accuracy of accounting records and compliance with applicable laws and regulations.
- Analyzed sales activity to identify and correct cost errors or price discrepancies.
Finance Manager - Finance Business Controller
CEVA Logistics India Pvt Ltd
Mumbai
12.2017 - 10.2024
- Reviewed and analyzed budget variances to ensure accuracy of financial information
- Prepared financial documents such as budgets, forecasts and reports
- Created and updated financial reports on frequent basis to present information to leadership teams
- Managed Ceva regional finance role till 2019
- Produced financial reports and audit documentation to facilitate internal and external auditing
- Develop improved business processes to provide greater transparency, more accurate reporting and better identification of cost-saving opportunities
- Ground & Customs Finance business controller India
- Review and highlight the loss jobs every day to prevent revenue leaks and follow up for any necessary corrections
- Unbilled & Open Job (DOSP06) report should be carefully examined, and justification for higher KPI values should be sought
- MBR: With the APAC team, the MBR at the regional and India levels must be reviewed each month
- Evaluated finances to assess budget and controls and identify areas for improvement
- Developed forecasting models utilizing historical data trends to predict future revenues and expenses
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions
- Coordinated with other departments within the organization regarding budgeting matters
- Developed or analyzed information to assess current or future financial status of firms.
Sr. Accounts Executive
DSV Air and Sea Pvt Ltd
Mumbai
07.2017 - 12.2017
- Responsibilities include: Overseas outward remittance for intercompany and global partner agents
- Assist in monthly reporting, ledger scrutiny, preparation of provision, pre-paid and other schedules required for management reporting
- Audits preparation for related party transition in revenue, cost and overhead for Uti worldwide and Indair
- Co ordination with operation to clear the differences on custom duty charge code job wise
- Preparation of income and expenditure in foreign currency on monthly basis Uti worldwide and Indair for audit purpose
- Processing Tax payments (Prof Tax, ESIC, Provident fund, TDS) after receiving the details (DSV Air & Sea Pvt Ltd & UT Worldwide India Pty Ltd.)
- Co-ordination with origin offices & other global partners for monthly statement of accounts settlement & Agency agreement / TRC
- To extract web query report weekly, link with AP invoices and send to branches for operations review and closure
- Ensure that escalation processes are followed
- Prepare report of foreign currency received month on month to track them for various reporting requirements
- Post AP entries in our books and bank charges, exchange gain/loss, etc., transfer money from Group Treasury account to local bank account and book the entries in our books
- To send daily & weekly cash flow reports to Group Treasury (UTi and Indair)
- Booking of expenses related to Corporate (non operational invoice), PAN India with cost centre allocations on the basis of branch and department (headcount wise)
- Have always helped and tried to take responsibilities in the absence of Team Manager and to ensure the smooth functioning of the Process.
Sr. Accounts Executive
ALISPED INDIA PVT LIMITED (Freight Forwarding)
Mumbai
05.2016 - 07.2017
- Responsibilities include: Handling billing department for three branches (MAA/BLR/AMD) & original document submission to customer
- Review the job profitability and co ordination with the operations for job closing and ensure the all provisions in job has been made correctly by operation team
- Highlight the all low profit or high profit jobs to respective branch heads and departmental heads
- Solve customer disputes for invoicing & make an action plan on how these disputes can be resolved and immediately a corrective action is taken to improve the Invoice accuracy
- Overseas inward & outward remittance for global partner agents
- Co-ordination with origin offices & other global partners for monthly statement of accounts settlement & Agency agreement / TRC
- Non operational invoice booking, prepaid expenses booking and make the provisions for bank guarantee
- Have taken an ownership to work with other teams/departments for improvement of the process
- Have always helped and tried to take responsibilities in the absence of Team Manager and to ensure the smooth functioning of the Process
- Daily BRS (Bank Reconciliation) for INR & USD/EUR account
- Maintain high level of data quality at all times
- Co-ordinate with origin offices to ensure highest level of data accuracy
- Checking the financial bank situation daily & make an action plan to manage fund flow.
Accounts Executive
Cargo Partner Logistics India Pvt Ltd
Mumbai
05.2012 - 04.2016
- Responsibilities include: Daily BRS (Bank Reconciliation) for INR & USD/EUR account
- Co-ordination with Shipping lines & Airlines for required services
- Accounts Payable & receivable
- Booking of invoices is only possible if the operations department has made provision in AS400 program or actual, or if approved with position and signature
- Bank Cash / cheques Entries
- Review the job profitability and co ordination with the operations for job closing and ensure to check all provisions in job has been made correctly
- Arrangement for foreign currency to management for foreign travel
- Petty Cash/ IOU/ Staff expenses settlement
- Have taken an ownership to work with other teams/departments for improvement of the process
- Have always helped and tried to take responsibilities in the absence of Team Manager and to ensure the smooth functioning of the Process
- Always maintain high level of data quality
- Co-ordinate with origin offices to ensure highest level of data accuracy
- Knowledge of Tax deduction Sources and service tax
- Checking the financial bank situation daily & make an action plan to manage fund flow
- Follow up with debtors for overdue payments
- Make timely arrangements for payment to Airlines & Shipping lines.
Education
B.com, 1st Class -
Mumbai University
H.S.C. -
S.S.C., 1st Class -
Skills
- Financial Management
- Business Forecasting
- Budget Forecasting
- KPI Management
Accomplishments
Ceva Silver Award winner for the highest financial performance in 2021.
Additional Qualification
- Certificate Course in CCC
- Tally 9.0
Personal Information
- Religion: Hindu
- Date of Birth: 04/30/90
- Nationality: Indian
- Marital Status: Married
Languages
- English
- Hindi
- Marathi
Timeline
Regional Finance Manager
Wiz Logtech India Pvt Ltd
10.2024 - Current
Finance Manager - Finance Business Controller
CEVA Logistics India Pvt Ltd
12.2017 - 10.2024
Sr. Accounts Executive
DSV Air and Sea Pvt Ltd
07.2017 - 12.2017
Sr. Accounts Executive
ALISPED INDIA PVT LIMITED (Freight Forwarding)
05.2016 - 07.2017
Accounts Executive
Cargo Partner Logistics India Pvt Ltd
05.2012 - 04.2016
B.com, 1st Class -
Mumbai University