Satish Joshi
1817/1/1 , Flat NO.SF-4 , Second Floor , Sai Chambers , Nivrutti Chowk , Above KDC Bank , Kolhapur
Summary
Dynamic finance professional with extensive experience excelling in budget management and financial reporting. Proven track record in developing policies and enhancing team performance through effective leadership. Skilled in regulatory compliance and data analysis, driving strategic initiatives to optimize resource allocation and achieve organizational goals.
Overview
21
21
years of professional experience
Work History
Manager Finance , Tax and MIS
ifm electronic India Private Limited
Plot No.P-39/1 , MIDC Gokulshirgaon , Kolhapur
01.2017 - 11.2024
- Assessed team member's skillsets and assigned tasks accordingly for optimal efficiency.
- Recruited and trained new employees to meet job requirements.
- Reviewed completed work to verify consistency, quality, and conformance.
- Created and managed budgets and forecasting, optimizing resource allocation.for overall business activities.
- Held regular one-on-one meetings with employees to review performance and priorities and provide feedback.
- Developed and implemented strategic plans to achieve company objectives in Accounting or Finance department.
- Monitored budgets and expenditures to ensure cost-effectiveness while maintaining quality standards.
- Established processes to ensure efficient workflow throughout the organization.
- Trained employees on additional job positions to maintain coverage of roles.
- Enhanced team member performance through use of strategic and tactical approaches, motivational coaching and training.
- Directed recruitment, hiring, and training of new staff members.
- Conducted regular meetings with staff to discuss progress and identify areas of improvement.
- Reviewed employee performance and provided ongoing feedback and coaching to drive performance improvement.
- Assigned tasks to associates to fit skill levels and maximize team performance.
- Created monthly reports for senior management summarizing operational performance metrics.
- Led a team of seven employees, ensuring high productivity and excellent customer service.
- Conducted system ERP analysis and testing to identify and resolve technical issues or inefficiencies.
- Conducted testing of software and systems to ensure quality and reliability.
- Managed time effectively to ensure tasks were completed on schedule and deadlines were met.
- Demonstrated strong problem-solving skills, resolving issues efficiently and effectively.
- Managed the Administration and HR administrative department of the company.
- Managed the IT infrastructure of the company as per the instructions of global IT standards of the company.
- Setting up and drafting company policies, SOPs, and internal controls as per management's direction
Assistant Manager - Finance & Accounts
ifm electronic India Private Limited
Plot No.P-39/1 , MIDC Gokulshirgaon , Kolhapur
01.2014 - 12.2016
- Analyzed actual financial results vs budget to prepare variance reporting to functional groups.
- Provided strategic financial advice to senior management and board members.
- Created and updated financial reports on frequent basis to present information to leadership teams.
- Coordinated with external auditors in completion of annual audit requirements.
- Communicated with stockholders or other investors to provide Sales / finance or bussiness related information.
- drafted the company's policies for expenditure , sales , incentive schemes , employee benefits , insurance and company's assets.
- Monitored daily cash balances and maintained banking relationships.
- Led financial reporting processes, ensuring compliance with accounting standards and regulations.
- Calculated and prepared checks for utilities, taxes, and other payments.
- Managed and forecasted cash flow to ensure sufficient liquidity for operations and investments.
- Assisted in budget preparation by providing detailed financial analysis.
- Developed policies, procedures, and controls for financial management activities.
- Performed variance analysis between actual results and budget expectations.
- Maintained general ledger accounts including journal entries and accruals.
- Analyzed sales activity to identify and correct cost errors or price discrepancies.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Conducted HR administrative work for onboarding and offboarding of employees of the company
Senior Accounts Officer
ifm electronic India Private Limited
Plot No.P-39/1 , MIDC Gokulshirgaon , Kolhapur
01.2011 - 12.2013
- Managed and reconciled multiple accounts, ensuring accuracy and compliance with financial policies.
- Administered payroll processing, including calculation of wages, benefits, and deductions.
- Analyzed customer payment plans and credit limits, and maintained records of customer account activity.
- Reconciled bank statements, ensuring accuracy of all transactions.
- Conducted monthly, quarterly, and annual closing activities, ensuring timely and accurate reporting.
- Managed accounts payable and receivable, improving payment cycles and maintaining vendor relationships.
- Managed accounts receivable aging process to ensure timely collection of outstanding balances from customers.
- Prepared financial statements and reports detailing accounts receivable status.
- Compiled and presented financial reports to management, highlighting trends and areas of concern.
- Helped prepare and administer yearly budgets for overall operations and individual departments.
- Verified and entered expenditures into accounting software, reconciling accounts to resolve variances.
- Assisted in the preparation of monthly balance sheets and income statements.
- Ensured compliance with tax regulations, preparing and submitting tax returns and other necessary filings.
- Developed policies and procedures related to accounts receivable management best practices.
- Handled queries and resolved issues related to accounts, ensuring customer satisfaction.
- Monitored cash flow, budgeting, and forecasting activities to ensure accurate financial reporting.
Accounts Officer
ifm electronic India Private Limited
Plot No.P-39/1 , MIDC Gokulshirgaon , Kolhapur
07.2007 - 07.2011
- Day to day accounting , payments , receipts , expenditure booking ,
- prepared and submitted incormation required during Sales tax and income tax assessments of the company.
- Maintained accurate records of financial transactions.
- Provided assistance in developing new accounting systems and procedures.
- Conducted monthly, quarterly, and annual closing activities, ensuring timely and accurate reporting.
- Ensured compliance with relevant accounting standards and regulations.
- Reviewed and reconciled accounts payable and receivable records.
- Coordinated with external auditors for annual audits, providing necessary documentation and explanations.
- Assisted in preparation of monthly financial as well as sales reports ( MIS ) for management review.
- Organized filing system for account documents such as invoices, receipts.
- Performed bank reconciliations on a regular basis.
Audit Assistant
A.K.Dixit&Co, Chartered Accountants
Kolhapur
06.2003 - 06.2007
- Internal and tax audit of automobile companies, PSUs , hospitals and other clients
- Preparation of financial statements , tax return preparation
- MVAT and CST audits
- Stock taking activity
- Individual , firms and company's income tax return and etds return preparation and filing
- Accounting for certain small clients
- Preparation of monthly operational performance of certain clients
- Assistance by checking accurancy of ERP development for certain clients.
Education
Financial Accounting
M Com Part I
Shivaji University , Kolhapur 05-2004
Accounting
Bachlor of Commerce
College Of Commerce 05-2003
Skills
- Budget management
- Financial reporting
- Variance analysis
- Policy development
- Cash flow management
- Regulatory compliance
- ERP analysis
- Multitasking capacity
- Data analysis
- Financial management
- Communication skills
- Team leadership
- Policy implementation
- Attention to detail
- Written communication
- Analytical thinking
Timeline
Manager Finance , Tax and MIS
ifm electronic India Private Limited
01.2017 - 11.2024
Assistant Manager - Finance & Accounts
ifm electronic India Private Limited
01.2014 - 12.2016
Senior Accounts Officer
ifm electronic India Private Limited
01.2011 - 12.2013
Accounts Officer
ifm electronic India Private Limited
07.2007 - 07.2011
Audit Assistant
A.K.Dixit&Co, Chartered Accountants
06.2003 - 06.2007
Financial Accounting
M Com Part I
Accounting
Bachlor of Commerce
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