Sanjay Thakur
New Delhi
Summary
Dynamic finance professional with extensive experience at Paytm, excelling in accounts payable and financial reporting. Proven track record in regulatory compliance and vendor management, ensuring timely payments and accurate reconciliations. Adept at utilizing SAP for operational efficiency while demonstrating strong problem-solving skills to enhance financial processes.
Overview
14
14
years of professional experience
Work History
Junior Manager
One97 Communications Ltd (Paytm)
Noida
11.2024 - Current
- Maintained accurate records of purchase orders, invoices, contracts.
- Created invoices and tracked payments from clients.
- Investigated discrepancies between payments received and invoices issued.
- Verified the accuracy of invoices and disbursement requests.
- Coordinated with vendors regarding purchase orders, returns, invoices.
- Prepared monthly financial reports and complied with reporting procedures.
- Maintained accurate records of operations for reporting purposes.
- Managed applicant tracking system data entry, reporting, and maintenance.
- Assisted in budgeting, forecasting, reconciliation, and reporting processes.
Junior Manager
PAYTM PAYMENT BANK LTD
08.2020 - 11.2025
- Finance and Business Operations.
- Validation and processing of DMT, AEPS, and commission payable to corporate partners.
- Under the SAP environment, processing DMT AEPS invoices (GST compliance) for releasing their payment on time.
- Assisting the partner with the reconciliation of DMT, AEPS commission payout differences.
- Ensuring TDS/LDC payout release on time to partners.
- Assisting PPBL corporate partners' queries.
- Assisting regulatory authorities like the RBI, NPCI, and cyber security queries.
- Implementation of compliance received from regulatory authorities.
- Fulfillment of data required by the Regulatory Authority from our corporate partners.
- Ensuring all the suspicious fraudulent terminal IDs are blocked at the partner's end.
- Handling AEPS and DMT operation activates, such as chargeback cases, fraudulent transactions, and wrong account transfers.
Senior Associate
PAYTM E-COMMERCE PVT LTD
01.2019 - 08.2020
- ACCOUNT PAYABLE – P2P
- Controlling Accounts Payable under the SAP environment.
- Ensure the booking and payment of invoices (GST compliance) for vendors by resolving queries.
- Maintaining and updating the provision for merchant incentive payout as per their actual invoices.
- Posting and releasing the Merchant incentive payout of (GV, O2O, Samsung Incentive, Samsung GST) through the SAP, and sharing the UTR with the user.
- Maintain a tracker for unpaid invoices due to their bank error, merchant recovery basis, or provision mismatch.
- Clearing of the GR/IR GL, TDS GL, and vendor code.
- Provision vs. Expenses Reconciliation on a Monthly Basis.
- Ensure all checks and controls are in place to execute payment, and to avoid any escalations, to minimize the exposure by ensuring no overpayments are made.
- Reconciliation of accounts, vendor aging analysis, and clearance.
- Coordination with other departments within the organization.
- Coordination with the auditor and fulfilling their requirements.
- Taking care of the O2O (Offline to Online) business module, merchant advances, O2O refunds, reconciliation of advances and commissions with SAP balances, and solving their queries via email and call.
- Merchant commission adjustment payout with the help of the seller penal portal, Excel, and Access via SAP, and sharing the UTR of each payment with the user.
Finance Executive Associate
VODAFONE SOUTH LIMITED
07.2015 - 01.2019
- Executed monthly channel and retailer payout closures efficiently.
- Processed distributor and retailer payments within turnaround time.
- Managed SAP accounting for complete settlement of closed channels.
- Resolved queries from retailers and distributors daily, ensuring prompt support.
- Compiled monthly MIS reports to track performance metrics.
- Analyzed data monthly to identify payout computation patterns and trends.
- Submitted general ledger and credit notes on time to relevant stakeholders.
- Maintained Direct Credit files, credit note records, and documentation for failed transactions.
- Making the differential commission report on a monthly basis for 121 offers.
- Maintaining the Direct Credit (E-top) files, Credit Note, and failed transaction records.
- Verifying, approving, and rejecting zonal budget claims as per company policy, and releasing the payout through issuing a credit note.
- Communicate and consult with the Finance Team, Zonal Manager, and Branch Head at the time of the implementation of new policies related to Finance Management.
- 121 Payout process to Associate Distributors and MIS.
- SAP posting of commission given thought, credit note, and direct credit through MJUT, and knocking off the same.
- Channel reconciliation and dispute settlement.
- ACCOUNT PAYABLE – P2P (Jul 2016 to January 21, 2019)
- Controlling Accounts Payable under the SAP environment.
- SAP Vendor Management includes vendor code creation and amendment, such as GST No., TDS sections, service tax, bank details, payment methods, and terms, etc.
- Ensure all checks and controls are in place to execute payment, and to avoid any escalations, to minimize the exposure by ensuring no overpayments are made.
- Ensure the booking and payment of invoices (as GST compliance) for vendors by resolving queries from the support team via Cockpit code in SAP.
- Raising the Credit Note/Advice and Debit Note/Advice to the vendor, booking in SAP, and knocking off.
- Ensuring the timely payment of customs duty by validating the bill of entry, invoices, purchase orders, and high-sea agreements.
- Ensuring the timely payment of rent (as per agreement) and electricity for offices and stores, and their control via creating a tracker (Excel sheet).
- On-time government payment, such as DOT, local authority, demand note of optimal fiber cable (OFC), earnest money deposit (EMD), tender fees, customer application fees (CAF), penalty, SACFA payment, and any urgent payment.
- Reconciliation of accounts, vendor aging analysis, and clearance.
- Coordination with other departments within the organization, including the SSC Staff Support team.
- MIS reporting on a monthly basis of employee expenses, custom duty, electricity, and rent payments (Excel sheet).
- Resolving employee queries related to their claims and reimbursement of expenses on the portal.
Accountant
MIDAS ELECTRONICS PVT LTD
11.2014 - 07.2015
- Managed petty cash and tracked daily expenses to maintain accurate financial records.
- Processed payroll for Midas employees to ensure timely compensation.
- Oversaw vendor management, including reconciliation of creditors and debtors and resolution of invoice issues.
- Executed bank reconciliations by aligning cheque book records from Tally with bank payment registers.
- Handled accounts payable, facilitating prompt payments to creditors and vendors.
- Recorded monthly data for new employees, ensuring compliance with HR protocols.
- Posted daily financial entries in Tally, maintaining precise accounting records.
- Cross-verified branch expenses in Tally, ensuring accuracy before processing payments.
- Clearance of sales tour expenses on a monthly basis for field officers.
- Managed petty cash and tracked daily expenses
Trainee
INDIAN OIL CORPORATION LIMITED (IOCL)
10.2013 - 10.2014
- Executed monthly, quarterly, and yearly finance closing processes efficiently.
- Conducted appraisal of IOCL Polymer Dealers using CRISIL Module and performed balance sheet analysis.
- Reconciled VAT Report with VAT Challan/Return for IOCL CS Point (Consignee Stockiest).
- Managed customer account reconciliations to ensure accuracy and compliance.
- Allocated budgets for DCA/CS sales commissions on a monthly basis.
- Resolved issues related to C-Forms for inter-state sales to secure concessional tax rates.
- Oversaw vendor management, addressing overdue payments, error codes, and discounts.
- Enhanced knowledge through SAP training focusing on FI Module.
Trainee
NATIONAL SMALL INDUSTRIES CORPORATION LIMITED (NSIC)
03.2012 - 10.2013
- Facilitated monthly, quarterly, and yearly finance closing processes.
- Verified payment requests and invoices for Raw Material Assistance (RMA) units.
- Executed payments for verified invoices on behalf of RMA units.
- Conducted account reconciliations for customers.
- Processed Unit’s application forms under Raw Material Assistance (RMA) schemes.
Education
CMA(ICWA)-INTER - Accounting and Finance
Institute of Cost Accountant of India
New Delhi Lodhi Road01.2011
B.Com - Commerce
Delhi University
Delhi01.2011
CMA(ICWAD) Foundation - Accounting and Finance
Institute of Cost Accountant of India
New Delhi01.2009
12th Class - Commerce
C B S E Board
Delhi01.2008
10th Class -
C B S E Board
Delhi01.2006
Skills
- Accounts payable
- Financial reporting
- Invoice and payment processing
- Financial reporting and analysis
- Vendor coordination and management
- Budgeting and forecasting
- Regulatory compliance
- Problem solving
- Accounts reconciliation
- SAP expertise and software proficiency
- Operational reporting
Languages
English, Hindi
Disclaimer
I do hereby declare that the above information provided is true to best of my Knowledge and Belief. Place: New Delhi Date
Profile
- Ensuring GST Compliances.
- Financial accounting (Payroll, Receipt and Payments of vendors, Reconciliation of accounts etc.)
- SAP Vendor Management (Vendor onboard and amendment, raising Credit/Debit Note/Advise).
- Comprehensive problem solving abilities.
- Ability to adapt changes.
Timeline
Junior Manager
One97 Communications Ltd (Paytm)
11.2024 - Current
Junior Manager
PAYTM PAYMENT BANK LTD
08.2020 - 11.2025
Senior Associate
PAYTM E-COMMERCE PVT LTD
01.2019 - 08.2020
Finance Executive Associate
VODAFONE SOUTH LIMITED
07.2015 - 01.2019
Accountant
MIDAS ELECTRONICS PVT LTD
11.2014 - 07.2015
Trainee
INDIAN OIL CORPORATION LIMITED (IOCL)
10.2013 - 10.2014
Trainee
NATIONAL SMALL INDUSTRIES CORPORATION LIMITED (NSIC)
03.2012 - 10.2013
CMA(ICWA)-INTER - Accounting and Finance
Institute of Cost Accountant of India
B.Com - Commerce
Delhi University
CMA(ICWAD) Foundation - Accounting and Finance
Institute of Cost Accountant of India
12th Class - Commerce
C B S E Board
10th Class -
C B S E Board
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