SAMIR KUMAR BISWAL
Dwarka Sector-8, New Delhi
Summary
Accomplished finance professional with expertise in credit risk evaluation and collections, managing a 325Cr portfolio at Inox Wind Limited. Proficient in SAP S/4 HANA and advanced Excel, with a proven track record of enhancing cash flow and resolving disputes. Strong analytical and communication skills drive successful stakeholder collaboration and financial performance.
Overview
16
16
years of professional experience
Work History
Dy Manager-Accounts Receivable
Inox Wind Limited
Noida
04.2023 - Current
- Handling approx. 325Cr monthly portfolio of end-to-end cash realisation for Supply, EPC & O&M Services especially from PSU & Large Institutional Clients.
- Reviewed Supply, EPC, and O&M services contracts, planned billing and collection per milestone credit terms, and prepared claim sheets to streamline cash flow.
- Prepared monthly debtors ageing, ECL provisioning, LD sheet, and cash inflow report based on milestone payment terms.
- Evaluating credit risk by examining historical payment patterns, credit reports, financial statements, cash flow, DPO and overall creditworthiness of customers/partners and give recommendations to debt insured company for limit approvals.
- Continuously monitoring existing customers/partners credit limits, outstanding & collection performance to ensure ongoing compliance, identify potential issues and revised credit limits time to time.
- Highlighted challenges related to collections and credit limits to sales and marketing teams to support effective decision-making.
- Reviewing accounts for overdue payments, monitoring account aging, reconciling account and Contacting customers via phone, email, visiting or mail to notify them of overdue payments and investigate reasons for delinquency.
- Negotiated payment plans and settlements with customers, resolved payment disputes, and secured payments to improve collection outcomes.
- Prepared collection status reports, updated internal teams, and presented data during audits to enhance transparency and support decision-making.
- Oversee the invoicing process, ensuring invoices are prepared accurately and sent to customers in a timely manner.
- Inox Wind is a wind turbine manufacturing company that delivers world-class products and services
Asst Manager-Credit & Compliance
Translumina Therapeutics
New Delhi
09.2020 - 03.2023
- Handled approx. 60Cr portfolio for Credit Compliance and Collections for North/South India region from Big Corporate Hospitals/Dealers.
- Evaluating credit risk by examining historical payment patterns, credit reports, financial statements, cash flow, DPO and overall creditworthiness of customers/partners and give recommendations to debt insured company for limit approvals.
- Monitored existing customers' credit limits and collection performance to ensure compliance, identify potential issues, and adjust credit limits as needed.
- Identified high delinquent clients and escalated cases to management and internal stakeholders for timely action.
- Analyzed overdue accounts and contacted clients to determine reasons for non-payment, resolving disputes to facilitate timely payments.
- Weekly reviews on AR Collection with Branch managers, Regional Sales head to discuss the overdue cases and send MOM to ensure faster resolution of disputed and overdue cases.
- Prepared MIS reports like Debtors Ageing, Cash Inflows, Customer claim & Near Expiry discount sheet.
- Arrange to collect Balance confirmations from the Customers after each quarter and Customer accounts Reconciliation.
- Translumina is an interventional cardiovascular device company that delivers world-class products and services
Assistant Manager-Account Receivables
HCL Infosystems Ltd.
Noida
05.2019 - 08.2020
- Managed credit and collection for the entire south region.
- Evaluated credit risk by examining historical payment patterns, credit reports, financial statements, cash flow, DPO and overall creditworthiness of customers/partners, providing recommendations to debt insured company for limit approvals.
- Weekly reviews on AR Collection with Branch managers, Regional Sales head to discuss the overdue cases and sending MOM to ensure faster resolution of disputed and overdue cases.
- Tracked monthly payment due dates, facilitating on-time collections to meet objectives and improve cash flow.
- Identifying high delinquent clients and escalating to management and internal stakeholders for further action.
- Analyzed accounts overdue, contacting partners to identify reasons for non-payment or delays, resolving disputes to ensure timely payments.
- Visiting Customers for resolving issues and disputes by discussing the same with internal stakeholders and getting the concerned person involved with entire satisfaction of the customers.
- Preparing various MIS reports like Daily Collection Report, Week-wise Collection projection report, Debtors outstanding report, Cash flow report, Collection Variance report and sending to the management for further business analysis.
- Issuing dunning letter to the partners having overdue more than 90 days as per the collection process.
AM- Finance & Accounts
Intertek India Pt. Ltd.
Gurgaon
04.2014 - 04.2019
- Initiated legal action on accounts with delayed payments and no partner responses; processed bad debts for write-off and lodged insurance claims as per established procedures.
- Developing monthly financial reports, MIS, daily collection report, monthly revenue report, weekly inventory report and submitting it to Sr. Manager Finance/Finance Director.
- Developing & calculating Bad Debt Provision for all BLs at a time; preparing complete OTC process and Weekly collection forecast.
- Managed daily cash application of payments received via bank and cheques; ensured accurate entry by cash application team.
- Monitoring daily collection and bad debt provision in a simpler way.
- Managed excess and overpayment refund requests for overseas and local customers by following RBI guidelines.
- Calculated and booked monthly bad debt provision, posted entries, and communicated risk factors and reduction strategies to management.
- Visiting Customers for resolving issues and disputes by discussing the same with internal stakeholders and getting the concerned person involved with entire satisfaction of the customers.
- Preparing various MIS reports like Daily Collection Report, Week-wise Collection projection report, Debtors outstanding report, Cash flow report, Collection Variance report and sending to the management for further business analysis.
Accountant
Rolex Hosiery Pt. Ltd.
New Delhi
08.2012 - 03.2014
- Creating & verifying monthly unbilled revenue and posting the entries as per closing deadline.
- Issued AR invoices to dealers and distributors, ensuring accurate entries in accounting systems.
- Prepared daily MIS reports on debtors and creditors ageing, collections, outstanding receivables, sales, and inventory for management review.
- Managed subsidy from Ministry of Food Processing for lab setup and upgrades, ensuring compliance with government documentation under SFIS, SEIS, and EPCG schemes.
- Petty Cash Management, traveling allowance and expenditure reimbursement, booking account journals etc. Maintain daybook on a daily basis. Maintaining the records of Petty cash and issuing payment to Staff and vendors and reconciling.
Accounts Assistant
JMD Ltd.
Gurgaon
06.2010 - 07.2012
- Managed daily general entries for accounts receivable and payment tasks, ensuring accurate financial records.
- Petty cash maintenance and preparation of Bank reconciliation statement.
- Prepared and issued ‘C’ Form, ‘F’ Form, D1-Form, and ST-38 Form to comply with regulatory requirements.
- Prepared and e-filed D-VAT, H-VAT, and WCT to maintain compliance with tax regulations.
- Preparation and filing of TDS through Web Tel Software.
- Preparation and E-filing of Service tax.
- Performed thorough reconciliation of vendor accounts for financial integrity.
Education
M. Com - Financial Management
Swami Vivekanand Subharti University
Meerut01-2020
Post Graduate Diploma - Computer Application
Balesore
Orissa01-2008
B.Com -
Fakhir Mohan University
Orissa01-2008
XII - Commerce
Council of Bhubaneswar
Orissa01-2005
X -
Board of Secondary Education
Orissa01-2003
Skills
- Credit risk assessment
- Cash flow management
- Collection negotiation
- Account reconciliation
- Contract review
- Debtors ageing analysis
- Collection strategy development
- Billing and invoicing accuracy
- MIS reporting and analysis
- Compliance monitoring
- Customer relationship management
- Sales reporting
- Problem-solving
- DSO Management
- Bad Debt Provisioning (ECL)
- SAP S/4 HANA
- Tally Package
- Advance Excel
Accomplishments
- Reducing Credit risk Pan India base customers, convert 20% credit to advance, 25% credit to BG and remaining are PDC and blank cheque
- Support to IT integration team to implemented S/4 HANA SAP, SD Module (Selected as Module Lead, SD)
- Manage to reduce billing cycle of contract base operation and maintenance services of Wind Turbines (WTGs)
- Reducing bad debt provisioning losses and minimize credit risk to improved credit control policies and procedures to enhance efficiency and reduce risk
- Maintained customer relationships: Built and maintained positive relationships with customers by handling queries professionally and resolving disputes quickly.
Personal Information
Date of Birth: 04/15/1988
Languages
- Hindi
- Odia
- English
Timeline
Dy Manager-Accounts Receivable
Inox Wind Limited
04.2023 - Current
Asst Manager-Credit & Compliance
Translumina Therapeutics
09.2020 - 03.2023
Assistant Manager-Account Receivables
HCL Infosystems Ltd.
05.2019 - 08.2020
AM- Finance & Accounts
Intertek India Pt. Ltd.
04.2014 - 04.2019
Accountant
Rolex Hosiery Pt. Ltd.
08.2012 - 03.2014
Accounts Assistant
JMD Ltd.
06.2010 - 07.2012
M. Com - Financial Management
Swami Vivekanand Subharti University
Post Graduate Diploma - Computer Application
Balesore
B.Com -
Fakhir Mohan University
XII - Commerce
Council of Bhubaneswar
X -
Board of Secondary Education