Sandeep Parmar
Vadodara
Summary
Dedicated and results-driven Senior Accountant expertise in financial management, reporting, and analysis. Skilled at managing the whole accounting cycle, from data input and reconciliations through financial statement production and regulatory compliance. Strong knowledge of US GAAP and IFRS, as well as a demonstrated ability to streamline financial processes, increase productivity, and generate cost-effective solutions.
Overview
12
12
years of professional experience
Work History
Senior Accountant
Magnit Global Private Limited
01.2023 - Current
- Performed monthly reviews of general ledgers to verify transaction accuracy and proper allocation within the ledger.
- Conducted monthly evaluations of Gross Profit (GP) to identify and rectify inconsistencies in income and cost accruals. Analyzed variances between actual and budgeted revenues and expenses to pinpoint areas for improvement.
- Managed efficient closure procedures at the end of each month, quarter, and year, ensuring accurate financial reporting and adherence to regulatory standards.
- Meticulously reviewed and approved Goods and Services Tax (GST) and Tax Deducted at Source (TDS) returns and payments on a monthly basis, ensuring strict compliance with tax laws and regulations. Conducted detailed examinations of GST returns to ensure accuracy in transaction recording and adherence to regulatory requirements.
- Supervised a team of three Staff Accountants, providing guidance and training to enhance their abilities and productivity.
Revenue Accountant
Archer Transnational India Private Limited
03.2022 - 12.2022
- Finding billing opportunity of various cases
- Working on Earn v/s Billed Project: where billing are reconciled against recognized revenue as per ASC 606 on Monthly bases, and Find out possible billing and revenue opportunity
- Reconciling old cases to identify pending billing, duplicate billing and pending earning to be booked in books of account
- Preparing month end adjustment, re-class and revenue recognition entries on monthly basis to take care of month end closing.
Auditor
Shah Sanghvi and Company
12.2016 - 03.2022
- Established and managed a new practice specializing in Indirect tax(GST), Conducted GST Audits (GSTR 9C) to provide assurance on the accuracy and completeness of GST filings, reviewing financial records and relevant documents to verify compliance with GST laws and regulations.
- Conducted statutory and internal audits for various clients across diverse industries, ensuring compliance with regulatory standards and internal policies.
- Prepared detailed audit workpapers, documenting audit findings, testing results, and recommendations for improvement.
- Prepared and submitted Income Tax returns (ITR) for individuals, businesses, and other entities, adhering to filing deadlines and requirements.
- Verified the accuracy of TDS calculations and deductions, ensuring timely deposits and compliance with Income Tax Act provisions.
Article Assistant
KM Swadia and Company
02.2013 - 02.2016
- My key role was to support the senior auditors in statutory, Concurrent Audits of Bank, and internal audit processes
- Helped teams to complete tasks and streamline workflows
- Worked with team members to conduct effective audits of Clients.
Education
CA- FINAL(2nd Group cleared) -
Institute of Chartered Accountant of India
11.2020
M.Com: Finance & Accounting -
Indira Gandhi National Open University - India
05.2019
B. Com: Finance & Accounting -
The MS University - India
05.2012
Skills
- Finance monitoring and management
- Financial Reporting
- Accounts Payable and Receivable (AP/AR)
- Accounting and bookkeeping
- Accounting principles understanding
- Budget and finance management
- Financial Compliance
- Taxation
- Leadership and Team Management
Linkedin Profiles
www.linkedin.com/in/sandeep-parmar-3b8a9a203
Timeline
Senior Accountant
Magnit Global Private Limited
01.2023 - Current
Revenue Accountant
Archer Transnational India Private Limited
03.2022 - 12.2022
Auditor
Shah Sanghvi and Company
12.2016 - 03.2022
Article Assistant
KM Swadia and Company
02.2013 - 02.2016
CA- FINAL(2nd Group cleared) -
Institute of Chartered Accountant of India
M.Com: Finance & Accounting -
Indira Gandhi National Open University - India
B. Com: Finance & Accounting -
The MS University - India
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