Samir V. Shastri
Finance & Accounts Professional
Silvassa,DH
Summary
Experienced Assistant Finance Manager with 15 years of expertise in finance, financial reporting, and accounting. Proven track record in successful management and contribution to financial operations. Strong problem-solving skills, attention to detail, and analytical thinking. Superior communication, organizational, and interpersonal abilities.
Overview
23
23
years of professional experience
15
15
years of post-secondary education
3
3
Languages
Work History
Assistant Manager - Accounts & Finance
Ami Polymer Private Limited
10.2023 - Current
- Company Overview: Having manufacturing excellence in Single-use Assemblies, Pharma Tubing, Reinforced Hoses, Inflatable Seals, Sieves and Screens for 25 years.
- Developed strong working relationships with staff, fostering a positive work environment.
- Promoted teamwork within the workplace by encouraging collaboration among staff members on various project tasks.
- Collaborated with the management team to develop strategic plans for business growth and improvement.
- Supervised day- to- day accounting and finance activities such as accounts receivable/payable management, reconciliations and general ledger maintenance.
- Guiding Accounts Payable and Accounts Receivable team with accounting treatment of transactions.
- Performing Bank reconciliation.
- Responsible for analyzing and reviewing the General Ledger.
- Handling accounting and maintaining the company’s Fixed Assets including depreciation.
- Assisting in Internal Audits and Statutory Audit by providing reports and attending to queries.
- Coordinating with external auditors to ensure compliance with financial regulations and policies.
- Conducting internal audits, statutory audits and reviews to ensure compliance with financial regulations, as well as analyzing financial results and forecasting future performance.
- Assisting to the Management with Annual Financial review by providing reports and attending to inquiries.
- Preparing financial statements including balance sheet and income statements and cash flow statements.
- Improved customer satisfaction by addressing and resolving complaints promptly.
- Responsible for moth-end closing and reporting procedures.
- Preparing complex financial statements, including balance sheets, income statements and cash flow statements.
- Preparing monthly MIS.
- Developing and managing annual budgets and multi- year forecasts.
- Advising on financial issues and monitoring on cash flow and working capital.
- Leading, mentoring and training finance related staff.
Assistant Manager - Finance
Parikh Packaging Pvt. Ltd.
03.2023 - 09.2023
- Company Overview: (a subsidiary of “SB-Constantia” a Joint Venture of SB Packaging, Premji Investments & Constantia Flexibles Inc.). The company is operating in flexible packaging industries for more than 25 years.
- AR (Accounts Receivable) & AP (Accounts Payable) and Cash Flow Management.
- Prepare Weekly Cashflow Statements & Fund planning.
- AR Collection- follow-ups with Marketing personnel for customer over dues.
- Timely Settlement of Credit Notes.
- Customer un blocking decision.
- Payables Management- mange to release funds on time for statutory liabilities, CAPEX & OPEX payments, vendor payments, administrative expenses, employees related commitments etc.
- Credit Limit Management.
- Review on Credit Limit Insured vs Owned Limit.
- Monthly Sales declaration submission to Insurance Co.
- Day to day monitoring on customer over due.
- Capex Management & Reporting at Plant Level.
- Review Capex request with Capex Budget.
- Obtaining confirmation from Plant on Asset Utilization date.
- Keep track of Assets Capitalized and Assets lying under CWIP.
- CWIP code generation in System (Microsoft D365) as and when required from Plant.
- Monthly Closing Activity.
- Review Trial Balance.
- Prepare monthly P&L and Balance sheet.
- Review with Management on monthly P&L and Balance sheet.
- Prepare working of Cut-off Sales and COGS.
- Prepare Bad debts provision on AR.
- Prepare Freight outward provision.
- Prepare Grant Reco [DBK, RODTEP & EPCG].
- Prepare monthly Capex Reports.
- General Ledger Scrutiny and reviewing all Accounting entries are recorded in accurate and timely manner.
- Liaising with auditors, consultants, statutory authorities.
- Handling Internal Audit and Statutory Audits.
- Finalizing Balance Sheet and preparing Income Statements & Cash Flow Statements.
- (a subsidiary of “SB-Constantia” a Joint Venture of SB Packaging, Premji Investments & Constantia Flexibles Inc.). The company is operating in flexible packaging industries for more than 25 years.
Senior Accountant
Sooham Admin Services Pvt. Ltd.
03.2021 - 03.2023
- Company Overview: (an associate company of Smart Dental Group of UK which is operating in England, Northern Ireland & Republic Ireland)
- Coordinate with external Auditors during Audit period.
- Recommend solutions to complex Accounting functions.
- Review detailed Quarterly and Annual financial Reports with analysis for submission to Executives.
- Responsible for Year-End close and Accounts Reconciliations.
- Prepare comparative analysis of Department Budget and Expenses.
- Responsible for preparation of monthly Financials like Balance sheet & Income Statement.
- Maintaining Fixed Assets Register.
- Maintaining Prepayment schedule.
- Maintaining External Loan & Inter Company Loan schedules.
- Performing Accounts Receivable reconciliation.
- Reporting to Finance Controller of the Group.
- Taking care of the assignments received from time to time from CFO.
- (an associate company of Smart Dental Group of UK which is operating in England, Northern Ireland & Republic Ireland)
Asst. Manager- Finance & Accounts
International Packaging Products Pvt. Ltd.
04.2016 - 11.2019
- Company Overview: (Overtaken by Owens Corning Group, USA)
- Prepare Budgeting, MIS and Monthly Reporting and circulate amongst the group members.
- Recommend solutions to complex Accounting functions.
- Review detailed monthly and annual financial reports with analysis for submission to executives.
- Responsible for year-end close and accounts reconciliations.
- Handling GST Working and Return Filling on due dates.
- Preparing TDS working, making payments on due dates and Return filling.
- Prepare Cost Report production line wise analyzing cost per unit (kg.)
- Prepare Cost Analysis- budget vs actuals.
- Prepare Department wise budgets.
- Undertaken physical stock take.
- Prepare Stock Variance report and consult with respective department for resolution.
- Prepare Inventory Valuation Report.
- Prepare Inventory Ageing Report.
- Keep track on Costs like Stores, Consumables and Other Operative expenses.
- Ensure the readiness of records as per the Audit Plan.
- Responding and resolving the queries raised during the Audit.
- Liaise with Auditors of the Company and ensure timely completion of Audit.
- Assist/Arranging in Audit process to finalize Audited Financial Reports.
- Monitoring budgets and comparing them with actual cost and revenues related to production, marketing and capital.
- (Overtaken by Owens Corning Group, USA)
Sr. Officer- Finance & Accounts
International Packaging Products Pvt. Ltd.
04.2014 - 03.2016
- Company Overview: (Inter Wrap Inc. Group, Canada)
- Active involvement in implementing and maintaining Accounting Systems.
- Preparation of the age wise debtor statements and accounts receivable statements.
- Cash flow & fund flow statement.
- Carrying out reconciliation of Vendor Ledger.
- Ensuring that the external audit requirements like Cross checking of document which tally with schedules are met.
- Acting as an integral part of the team to assist in preparation of annual schedule which involves Financial & accounting activities.
- Make sure all the transaction of inter-company have been posted & matching by division.
- Taking care of Sales Tax ; prepare VAT working and on respective due date make Tax payments and file returns.
- Taking care of TDS compliance; prepare working and on respective due date make Tax payments and file returns.
- Provided the reports related to the discrepancy in trial balance.
- Handling the preparation of Report against the external auditor note.
- Monthly Finance Report & MIS.
- Inventory Status Report.
- Fixed Asset Schedule on monthly basis.
- Initiate Balance confirmation of AP Party at the time Statutory Audit.
- Maintaining Fixed Assets Register as per Companies Act and Income Tax Act.
- (Inter Wrap Inc. Group, Canada)
Accounts Officer
International Packaging Products Pvt. Ltd.
06.2010 - 03.2014
- Company Overview: (InterWrap Inc. Group, Canada)
- Responsible for preparing & postings of transactions as like J/V, A/R, A/P, G/L, F/A, Capital, liabilities till finalization.
- Ensure that the Company’ Accounting records are prepared and updated accurately and in a timely manner.
- Posting transaction of the day to the Accounts Journal.
- Processing of Purchase Invoice in System : AP Invoice posting of Raw Material Purchase, Import Purchase, Spares & Consumables, Fixed Assets after three way match into ERP system.
- Taking care of compliance of 15CA and 15CB for making Import Payments.
- Reconciling monthly Supplier statements and issue of Payments.
- Keep track of AP Advance payments and contra adjustments after invoice receipt.
- Reconciliation of AP Party Ledger.
- Initiate Balance confirmation of AP Party at the time Statutory Audit.
- Maintaining Fixed Assets Register as per Companies Act and Income Tax Act.
- Prepare working for Depreciation on monthly basis.
- Prepare Provision for Expenses for Month End.
- (InterWrap Inc. Group, Canada)
Accounts Officer
Krishna Knitwear Technology Ltd
01.2009 - 05.2010
- Company Overview: (Silvassa)
- Handling all Accounts Matters with TDS Matters, Purchase Register, Cash book & Bank Book.
- Pass JV’s, Receipts, and Payments.
- Checking of daily Cash, Petty Cash & also logistic revenue Cash.
- Passing the purchase Invoice by three way checks i.e. quotation, purchase order, GRN.
- Prepared Cost Statements and controlling of Debtors & Creditors Ledgers.
- Sales and Purchase Reconciliation.
- Handling Creditors & Debtors Reconciliation and prepared tentative B/Sheet.
- Day to day liaison & co-ordination with concerning depts.
- Handling reconciliation of all goods monthly.
- Keep track on advance payment to parties.
- Absolute control on Accounts Payables.
- Monitoring on pending P.O’s against advance payment.
- (Silvassa)
Area Manager
Vibrant Data-Checks Pvt. Ltd
09.2006 - 12.2008
- Company Overview: (Surat)
- As “Area Manager” dealing with various banks & financial institutions, managing the team of 15 executives.
- Monthly MIS preparation which consists of analysis on Negative/ Fraud hit rate Dealer wise/ DSE-DSA wise/ Model wise/ Age group wise etc.
- I had worked in all facets of the spectrum of Risk Management Services (Fraud Checks) from back-end to front office which includes, Reviewing of the loan applications along with financial documents, field verification/ investigation of the case under scrutiny, finalizing those reports which are intended to sent to the banks/ institutions.
- Have handled various types of investigation/ verification of all retails financial products, field verification, Income-tax verification, pre-signup risk verification of merchant (credit card), FEWS (fraud early warn systems) cases in credit card transactions, agency/ agency staff vetting.
- Have undertaken “PD” (Personal Discussion) with Customer being credit assignment.
- Reviewed Loan Application of various products at DMA shop and directed the Field for verification.
- (Surat)
Back-office Executive
Vibrant Data-Checks Pvt. Ltd
03.2002 - 08.2006
- Company Overview: (Baroda)
- As “Back-office Executive” handling fraud check agency and credit processing agency of ICICI Bank & ICICI Home Finance.
- Prepared loan customer’s reports in soft copy as well as hardcopy.
- Maintained soft data over 50,000 customers of various loan products (Personal Loans, Auto Loans, Two-wheeler Loans, Home Loans, Loan against Shares, Commercial Vehicle Loan, Construction Equipment Loan, Medical Equipment Loan, Farm Equipment Loan etc.) of bank.
- Prepared “Credit Appraisal Memo (CAM)”. Credit scoring of the application on online system.
- Constant follow-up with field executive as well as other vendors for compiling the report.
- Maintained TAT in delivering the reports to the bank for various loan products.
- Assessing credit of salaried cases according to norms of the company.
- De-duping of the application.
- Firing FI request to the concerned agency.
- Keeping track of files logged in at various DMA shops.
- Maintenance and preservation of soft data and also delivering role as “Accountant.” ]
- (Baroda)
Education
MBA - Finance
ISBM (Indian School of Business Management & Administration)
Mumbai, Maharashtra10-2009
B.Com - Advanced Accounts & Auditing
Gujarat University
Ahmedabad, Gujarat04-1997
Diploma - Computer Application
Span Computer Institute
Khambhat, Gujarat04-1998
Skills
Financial analysis and reporting
Auditing and compliance skills
Cost management
Analytical problem solving
Collaborative team management
Effective task delegation
Interests
Reading
Travelling
Cricket
Awards Recognition
Best Quality Teamwork, Motivation and Discipline, 2015, International Packaging Products Pvt. Ltd.
Trainings Skill Development
- Communication and Leadership, Undisclosed
- Advanced Excel, Undisclosed
Personal Information
- Date of Birth: 11/02/76
- Marital Status: Married
Profile Summary - Summary
A highly experienced Assistant Finance Manager with 15 years of extensive experience in all areas of finance, financial reporting and accounting, offering a proven track record of successful management and contribution to financial operations. Possesses a strong aptitude for problem-solving, attention to detail and analytical thinking, as well as superior communication, organizational and interpersonal skills.
Disclaimer
The information provided above is true to the best of my knowledge and belief.
Accomplishments
I have been awarded by International Packaging Products Pvt. Ltd. for my best quality “Teamwork, Motivation and Discipline” in the year 2015.
Software
Micro Soft Business Central & Navison
Micro Soft Dynamics 365
Syspro ERP
Tally ERP
Quick Books
Reading, Travelling, Cricket.
I love reading books and Travelling.
Timeline
Assistant Manager - Accounts & Finance
Ami Polymer Private Limited
10.2023 - Current
Assistant Manager - Finance
Parikh Packaging Pvt. Ltd.
03.2023 - 09.2023
Senior Accountant
Sooham Admin Services Pvt. Ltd.
03.2021 - 03.2023
Asst. Manager- Finance & Accounts
International Packaging Products Pvt. Ltd.
04.2016 - 11.2019
Sr. Officer- Finance & Accounts
International Packaging Products Pvt. Ltd.
04.2014 - 03.2016
Accounts Officer
International Packaging Products Pvt. Ltd.
06.2010 - 03.2014
Accounts Officer
Krishna Knitwear Technology Ltd
01.2009 - 05.2010
Area Manager
Vibrant Data-Checks Pvt. Ltd
09.2006 - 12.2008
Back-office Executive
Vibrant Data-Checks Pvt. Ltd
03.2002 - 08.2006
MBA - Finance
ISBM (Indian School of Business Management & Administration)
B.Com - Advanced Accounts & Auditing
Gujarat University
Diploma - Computer Application
Span Computer Institute