SAP HANA
Shyam Prakash
Accounts & Finance & Commercial
New Delhi
Summary
Dynamic finance professional with a proven track record at Shalimar Paints Limited, excelling in bank relationship management and problem-solving aptitude. Achieved significant reductions in accounts receivable and optimized cash flow, demonstrating exceptional analytical skills and a commitment to continuous learning. Expert in taxation and trade finance management, consistently enhancing client and vendor relations.
Overview
16
16
years of professional experience
Work History
Assistant Manager
Shalimar Paints Limited
Gurgaon, India
07.2019 - Current
- Prepared cash flow projections, analysis and monthly, quarterly and annual reports.
- Prepared Review monthly reconciliation of bank accounts and took corrective actions on deviations.
- Supported the implementation of new accounting standards, working closely with senior management to ensure a smooth transition and full compliance.
- Reduced outstanding accounts receivable balances through diligent follow-up on overdue payments.
- Conducted regular variance analyses to identify discrepancies between actual and forecasted results, enabling proactive adjustments to financial plans as needed.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Reduced bank fees by negotiating favorable banking terms and services agreements with multiple financial institutions.
- Accurately completed financial statement audits and thoroughly Audit Team
- Developed strong relationships with banking partners for improved service levels and competitive pricing negotiations.
- Collaborated cross-functionally with other departments such as Accounts, tax, legal, Plant and procurement to ensure seamless integration of treasury-related activities.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Reduced discrepancies in inventory valuation by conducting regular physical counts and maintaining accurate records.
- Customer Reconciliation & Reduce the Over Due on Monthly Basis
- Prepared and submitted reports on import and export activity to management & Audit Team
- Coordinate With Bank For EDPMS & IDPMS for Closing on Monthly Basis
- Improved cash flow management by optimizing utilization of input tax credits.
- Review All Customer Credit Limit & Report to CFO on Monthly Basis
- Ageing Report of all Creditors & vendor on Weekly Basis
Account Manager
Devesh Food & Agro Products Pvt Ltd
New Delhi, India
12.2015 - 06.2019
- Collaborated with sales team to identify potential upsell opportunities and expand client base.
- Built relationships with customers and community to promote long term business growth.
- Created monthly reports detailing accounts receivable performance metrics for senior management review.
- Prepared bills receivable, invoices, and bank deposits.
- Collaborated with sales and customer service departments to align strategies that improve client retention and payment practices.
- Streamlined invoicing and payment systems, resulting in improved cash management.
- Maintained accurate financial records by regularly reconciling accounts receivable ledgers.
- Filing TDS returns in compliance with Statue.
- Handling various GST Compliances like registration, controlling, preparation of records/registers, filing of various GST returns such as GSTR 3B, GSTR 1, Match with GSTR2A etc.
Senior Account Executive
Godfrey Phillips India Limited
New Delhi, India
06.2013 - 11.2015
- Worked with sales team to collaboratively reach targets, consistently meeting or exceeding personal quotas.
- Preparing Bank & Vendor Reconciliation of All Branches
- Ageing Report of All Vendor & Customer on Monthly Basis for Management Review
- Develop Primary & Secondary Sales Report on Monthly Basis
- Preparing Budget Vs Actual Report on Daily Basis for All Branches
- Prepare SKU Wise Sales Report on Monthly Basis
- Inventory Reconciliation on Quarterly Basis
Assistant Accountant
HCL Infosystems
Noida, India
08.2008 - 05.2013
- Maintained detailed financial records of accounts receivable and payable status and bank reconciliations.
- Assisted with timely month-end closing procedures, resulting in accurate financial reporting.
- Supported audit preparation efforts by compiling relevant documents and addressing auditor inquiries promptly.
- Tracked funds, prepared deposits and reconciled accounts.
- Reviewed general ledger entries and assessed accuracy.
- Developed strong relationships with vendors by fostering environment of trust.
Education
MBA - Finance
Sikkim Manipal University
New Delhi, India 04.2001 -
Bachelor of Commerce - Finance
Jai Prakash University
Chhapra 04.2001 -
Skills
Bank Relationship Management
Budget Planning and Control
Taxation Knowledge
Cash Flow Forecasting
Problem-solving aptitude
Contract Negotiation
Client Relationship Management
Willing to Learn
Accounts Receivable
Analytical Skills
Import & Export documentation proficiency
Trade Finance Management
Software
Timeline
Assistant Manager
Shalimar Paints Limited
07.2019 - Current
Account Manager
Devesh Food & Agro Products Pvt Ltd
12.2015 - 06.2019
Senior Account Executive
Godfrey Phillips India Limited
06.2013 - 11.2015
Assistant Accountant
HCL Infosystems
08.2008 - 05.2013
MBA - Finance
Sikkim Manipal University
04.2001 -
Bachelor of Commerce - Finance
Jai Prakash University
04.2001 -