Summary
Overview
Work History
Education
Skills
Transactionprojects
Personal Information
Timeline
Generic
Sachin Wagh

Sachin Wagh

Assistance Manager
Pune

Summary

An astute professional with overall 12+years of experience in Finance & Accounts. Proficient in maintaining books of accounts. An excellent communicator with strong organizational, analytical and problem-solving skills.

Overview

15
15
years of professional experience
8
8
years of post-secondary education

Work History

Account Receivable Executive, F &A (Cash Application + Bank Reconciliation + Clearing)

Johnson Controls India Private Limited
Pune
07.2023 - Current
  • Set clear objectives, define roles and responsibilities and ensure each team member aligns with the team’s vision
  • Recognise and reward good performance, provide feedback and encourage professional development
  • Support team members’ professional development by providing opportunities for training and growth
  • Ensure team compliance with company policies and procedures
  • Vigilantly monitor accounts to detect overdue payments and adeptly resolve outstanding bills, including the collection of payments from debtors
  • Handle a substantial portfolio valued between USD 08-10 million, for Australia and New Zealand region
  • Analyze and assess management reports to facilitate informed decision-making processes
  • Proactively engage with clients to inquire about overdue payments and implement strategies to expedite timely debt settlements
  • Update account status records, pursue collection efforts diligently, and present detailed reports on collection activities and progress to stakeholders, while also reconciling accounts and ensuring they are brought up to date
  • Additionally, investigate payment discrepancies and process refund requests, adhering to established protocols and seeking approval from higher management as needed
  • Handling weekly calls with stakeholder and dispute team
  • Resolve billing disputes raised by customers through end-to-end resolution, root cause analysis, and escalation to appropriate channels if necessary.

Account Receivable Executive, F &A (Cash Application + Bank Reconciliation + Clearing)

Company3 Method Studio Ind pvt ltd.
Pune
08.2022 - 07.2023
  • Manage application of payments according to remittance advice
  • Reconcile batches to deposit records
  • Investigating and clearing of bank open items as for collection
  • Maintain detailed transaction information
  • Follow up with internal teams to clear off intercompany balances
  • Support collection efforts through written communication
  • Perform bank reconciliation and other month-end closing procedures
  • Research and resolve payment discrepancies
  • Responsible for gathering credit, financial, and, or bank information for conducting a credit review
  • Sets up accounts in SAP
  • Performs customer profile changes such as terms, credit limits, and extending same to other lines of business
  • Communicates client information to key stakeholders within the organization.

Sr. Specialist (Sr. Analyst) (Cash Application + Bank Reconciliation + Clearing + Collection Process)

Maersk Global Service Centre, Pune
Pune
03.2010 - 08.2022
  • Clearing Open bank line item with help internal team AR/AP
  • Prepare daily open bank line-item report
  • Follow-ups, escalations for incorrect or duplicate AR/AP posting with respect to bank items and pending issues in reconciliation
  • Preparing weekly outstanding reports of the customer accounts and following up with clients for outstanding payments
  • Integrates with General Ledger Scrutiny of Customer GL & Bank GL
  • Undertaking analysis of outstanding payments and ensuring timely reconciliation with the customers of the books of accounts
  • Ensuring payments are received within the credit period from the customers in order to maintain a healthy DSO ratio
  • Advice on week-on-week cash collection and reasons for short / overpayment by customers
  • Send weekly statements to customer to make sure have timely payment updates before invoices are due
  • Follow-up with customers on missing remittance to reduce unapplied cash for the month & Making adjustment as per customer request
  • Acting as a single point of contact for answering queries related to Invoicing, payment applications and resolving disputes that may arise in the invoices and billing
  • Prior credit controller profile I worked with payment application, on a/c investigation and refund team
  • Weekly calls with internal teams.
  • Managed approximately 30 incoming calls, emails per day from customers.'

Education

MBA - Accounting And Finance

Noth Maharashtra University
IMR Collage
06.2007 - 06.2009

Bachelor of Commerce - Accounting And Finance

Noth Maharashtra University
IMR Collage
01.2004 - 05.2007

High School Diploma -

Maharashtra State Board
AT Zambre
05.2003 - 06.2004

SSC -

Maharashtra State Board
AT Zambre
05.2001 - 06.2002

Skills

Windows 11/2000/D365

SAP

D365

Pawar BI

Windows 11/2000/D365

Pronto

Transactionprojects

  • Successfully migrated the Collection process for Australia and New Zealand region
  • Successfully migrated the A/C’s receivable Cash Application and Bank reconciliation process from Maersk Mumbai to Maersk.
  • Successfully migrated the Case Management Process from Maersk Chennai to Maersk Pune.

Personal Information

Date of Birth: 12/30/85

Address: Spring Vally Flat No. A-905 Behind Sketch Hotel, Wadmukhwadi, Alandi Road Pune - 412105

Linguistic Abilities: English, Hindi and Marathi

Timeline

Account Receivable Executive, F &A (Cash Application + Bank Reconciliation + Clearing)

Johnson Controls India Private Limited
07.2023 - Current

Account Receivable Executive, F &A (Cash Application + Bank Reconciliation + Clearing)

Company3 Method Studio Ind pvt ltd.
08.2022 - 07.2023

Sr. Specialist (Sr. Analyst) (Cash Application + Bank Reconciliation + Clearing + Collection Process)

Maersk Global Service Centre, Pune
03.2010 - 08.2022

MBA - Accounting And Finance

Noth Maharashtra University
06.2007 - 06.2009

Bachelor of Commerce - Accounting And Finance

Noth Maharashtra University
01.2004 - 05.2007

High School Diploma -

Maharashtra State Board
05.2003 - 06.2004

SSC -

Maharashtra State Board
05.2001 - 06.2002

Similar Profiles

  • Alma Y BurgosAlma Y Burgos

    Cash Application Specialist/ Account reconciliation Specialist at Cape Fear Valley HospitalCash Application Specialist/ Account reconciliation Specialist at Cape Fear Valley Hospital

  • DEEPAK KUMAR SAJWARDEEPAK KUMAR SAJWAR

    <ul><li>Profile: Record to Reporting (R2R)</li><li>Performing financial reporting and controlling for across all the entities (in Hyperion and Oracle = JD Edward).</li><li>Performing End to End P&L finalization (Review of accruals, Negative Cash Accrual, prepaid amortization schedule, FX Adjustments, creation, deletion and capitalization of fixed assets, posting of depreciation etc.) & taking calls with Controllers during Months end for further review of P&L.</li><li>Banking process includes positive pay exceptions, stop payment, voiding checks with AP team. Checks movement to unclaimed property. Payment proof, remittance details.</li><li>IFRS lease computation complying with IFRS 16 in CoStar – Real Estate Manager system (this is only for lease).</li><li>Preparation of webforms and variance analysis report and sharing with stakeholders with detailed information.</li><li>Performing Balance sheet reconciliation with adherence of policy and clearance of open items along with relevant details of lines which is overaged however will be staying for long time (i.e.- Bonus and dividends, Common Stocks, Security Deposits).</li><li>Facilitating team operations by discussions through the sharing of information and knowledge, identification of teamwork issues, development of problem-solving recommendations, and recommendations of standardizing team operations.</li><li>Cross train resources in order to have backup of each other to help team synergy helping team members to take leaves when required without bothering of work/process deliverables.</li><li>Conduct weekly, biweekly and monthly meetings with stake holders as per their agreement.</li><li>Create opportunities for team members to provide input on procedures/processes and share their expertise with other team members.</li><li>Working knowledge of ERP systems People Soft, ART (Reconciliation software of Oracle), JD Edward, Teradata, Cetova, Hyperion (HFM), Cadency, Blackline, SAP, NetSuite, Workday Adaptive, Coupa, Tableau, CoStar, Alteryx.</li><li>PROCESS IMPROVEMENTS</li><li>Given 12 lean ideas in area of Month End Close journals, Balance Sheet Reconciliations, and Bank Reconciliations.</li><li>Part of a green belt project on quality of reconciliations and BOT implementation (work in progress) – controllership impact</li><li>Bring automation & Marco enabling dash board MIS reporting for monthly SLA, KPI, IC balances, Cash forecasting etc.</li></ul> at Genpact India Pvt. Ltd<ul><li>Profile: Record to Reporting (R2R)</li><li>Performing financial reporting and controlling for across all the entities (in Hyperion and Oracle = JD Edward).</li><li>Performing End to End P&L finalization (Review of accruals, Negative Cash Accrual, prepaid amortization schedule, FX Adjustments, creation, deletion and capitalization of fixed assets, posting of depreciation etc.) & taking calls with Controllers during Months end for further review of P&L.</li><li>Banking process includes positive pay exceptions, stop payment, voiding checks with AP team. Checks movement to unclaimed property. Payment proof, remittance details.</li><li>IFRS lease computation complying with IFRS 16 in CoStar – Real Estate Manager system (this is only for lease).</li><li>Preparation of webforms and variance analysis report and sharing with stakeholders with detailed information.</li><li>Performing Balance sheet reconciliation with adherence of policy and clearance of open items along with relevant details of lines which is overaged however will be staying for long time (i.e.- Bonus and dividends, Common Stocks, Security Deposits).</li><li>Facilitating team operations by discussions through the sharing of information and knowledge, identification of teamwork issues, development of problem-solving recommendations, and recommendations of standardizing team operations.</li><li>Cross train resources in order to have backup of each other to help team synergy helping team members to take leaves when required without bothering of work/process deliverables.</li><li>Conduct weekly, biweekly and monthly meetings with stake holders as per their agreement.</li><li>Create opportunities for team members to provide input on procedures/processes and share their expertise with other team members.</li><li>Working knowledge of ERP systems People Soft, ART (Reconciliation software of Oracle), JD Edward, Teradata, Cetova, Hyperion (HFM), Cadency, Blackline, SAP, NetSuite, Workday Adaptive, Coupa, Tableau, CoStar, Alteryx.</li><li>PROCESS IMPROVEMENTS</li><li>Given 12 lean ideas in area of Month End Close journals, Balance Sheet Reconciliations, and Bank Reconciliations.</li><li>Part of a green belt project on quality of reconciliations and BOT implementation (work in progress) – controllership impact</li><li>Bring automation & Marco enabling dash board MIS reporting for monthly SLA, KPI, IC balances, Cash forecasting etc.</li></ul> at Genpact India Pvt. Ltd

  • Alit InantiAlit Inanti

    Bank Reconciliation at AIA IndonesiaBank Reconciliation at AIA Indonesia

  • Georellice Norrie KedekeGeorellice Norrie Kedeke

    Bank Reconciliation at Family BusinessBank Reconciliation at Family Business

CREATE PROFILE
Sachin WaghAssistance Manager