Summary
Overview
Work History
Education
Skills
Executive Profile - Summary
Computer Knowledge - Software Packages
Personal Information
Timeline
Generic

Sumit Phulari

Account and finance
Pune

Summary

Team Leader experienced in directing activities of workgroups. Develops strategies, provides training, sets goals and obtains team feedback. Excellent interpersonal and communication skills. Big picture focus with excellence in communicating goals and vision to succeed. Problem solver, networker, and consensus builder.

Overview

18
18
years of professional experience
5
5
years of post-secondary education
3
3
Languages

Work History

Team Lead

Tata Technologies Ltd
Pune
05.2023 - Current
  • Company Overview: (Third Party Contract PRIMUS Global Technologies Pvt. Ltd.)
  • Monthly cost provision and GL reconciliation and Analyst
  • Established clear performance metrics for the team which helped in tracking progress towards set targets effectively.
  • Established open and professional relationships with team members to achieve quick resolutions for various issues.

Team Lead. (R to R)

ZENIAI Pvt Ltd
Pune
05.2022 - 04.2023
  • Bookkeeping & Reconciliation of US entity Establishing a chart of accounts, Bookkeeping, Bank & credit card reconciliation, Sale invoices reconciliation, Aging report, PL Report, and Cash Flow.
  • General Ledger accounting - Bookkeeping, journal Entries, Balances general ledger by preparing a trial balance; reconciling entries, Credit management.
  • Supervising the team for bookkeeping in QuickBooks online.
  • Lead a team of 4-5 members to manage R to R activity of 10-15 clients.
  • Submit all MIS reports within 1st week of the month to all the clients.
  • Promoted a positive work environment by fostering teamwork, open communication, and employee recognition initiatives.
  • Established clear performance metrics for the team which helped in tracking progress towards set targets effectively.
  • Increased customer satisfaction by ensuring timely completion of projects and adherence to high-quality standards.
  • Generated reports detailing findings and recommendations.
  • Prepared spreadsheets using formulas, V-lookup and other intermediate and advanced Microsoft Excel skills.
  • Performed thorough account reconciliations to locate discrepancies and ensure accuracy in company records, avoiding costly errors down the line.
  • Analyzed complex business transactions for proper accounting treatment under GAAP guidelines, ensuring accurate financial reporting.
  • ASC 606
  • 1. Identify the Contract: Determine if a contract exists with a customer and identify the performance obligations.
    2. Determine the Transaction Price: Calculate the amount of consideration to be received in exchange for goods or services.
    3. Allocate the Transaction Price: Allocate the transaction price to each performance obligation based on its relative standalone selling price.
    4. Recognize Revenue: Recognize revenue when (or as) the entity satisfies a performance obligation by transferring control of the goods or services to the customer.

Accounts Manager

Utility Solutions
Pune
09.2017 - 03.2020
  • An Accounts Manager in India is responsible for overseeing financial operations, ensuring accuracy of financial information, and leading accounting teams. Key responsibilities include :
  • - Financial Reporting and Analysis: Conducting research on financial discrepancies, preparing budgets, reconciling bank statements, and managing payroll.
  • - Internal Controls and Compliance: Overseeing internal control policies, supervising staff, and collaborating with property-level accounting teams to ensure compliance with accounting standards.
  • - Cash Flow Management: Working with leadership teams on cash flow management, mortgages, and accounts payable.
  • - Financial Statement Preparation: Preparing financial statements, analyzing cash flow, and coordinating annual audits.
  • - Team Management: Supervising accounting staff and collaborating with cross-functional teams.
  • - Direct Taxes :
  • 1. Income Tax: Tax on individual and corporate income.
  • 2. TDS (Tax Deducted at Source): Tax deducted by the payer on certain payments, such as salaries, rent, and interest.
  • - Indirect Taxes :
  • 1. GST (Goods and Services Tax)
  • 2. TCS
  • - Finalization :
  • 1. Preparation for finalization i.e. scrutiny of ledgers, reconciliations, balance confirmations & Review works done by others etc.
  • 2. Finalization of balance sheet, Profit & Loss account.
  • 3. Prepare monthly profit & loss account
  • 4. Preparation of financial statements for statutory audit.

Consultant - Accounts Finance

Tata Technologies Ltd.
Pune
03.2016 - 09.2017
  • Company Overview: (Third Party Contract Adecco India Pvt. Ltd.)
  • (Third Party Contract Adecco India Pvt. Ltd.)
  • Managed client relationships through regular check-ins and updates on project progress.

Accounts Manager

iOG Solutions Pvt. Ltd.
Pune
03.2012 - 12.2015
  • An Accounts Manager in India is responsible for overseeing financial operations, ensuring accuracy of financial information, and leading accounting teams. Key responsibilities include :
  • - Financial Reporting and Analysis: Conducting research on financial discrepancies, preparing budgets, reconciling bank statements, and managing payroll.
  • - Internal Controls and Compliance: Overseeing internal control policies, supervising staff, and collaborating with property-level accounting teams to ensure compliance with accounting standards.
  • - Cash Flow Management: Working with leadership teams on cash flow management, mortgages, and accounts payable.
  • - Financial Statement Preparation: Preparing financial statements, analyzing cash flow, and coordinating annual audits.
  • - Team Management: Supervising accounting staff and collaborating with cross-functional teams.
  • - Direct Taxes :
  • 1. Income Tax: Tax on individual and corporate income.
  • 2. TDS (Tax Deducted at Source): Tax deducted by the payer on certain payments, such as salaries, rent, and interest.
  • - Indirect Taxes :
  • 1. GST (Goods and Services Tax)
  • 2. TCS
  • - Finalization :
  • 1. Preparation for finalization i.e. scrutiny of ledgers, reconciliations, balance confirmations & Review works done by others etc.
  • 2. Finalization of balance sheet, Profit & Loss account.
  • 3. Prepare monthly profit & loss account
  • 4. Preparation of financial statements for statutory audit.
  • Collaborated with sales teams to identify new opportunities, driving revenue growth.

Account Executive

Bobst India Pvt. Ltd.
Pune
09.2011 - 05.2012
  • BUDGET :
  • 1. To consolidate and assist in finalizing yearly budgets.
  • 2. Regular monitoring of the budget v/s actual and related variance analysis reporting
  • 3. To identify budgetary variances and to facilitate corrective actions.
  • - Finance:
  • 1. Working Capital management
  • 2. Prepare BRS (bank reconciliation statement) & stock statement for bank
  • 3. Foreign Payment – Form A1 & Form A2 Remittances.
  • 4. Inward/Outward remittance documentation.
  • 5. Transaction Advice - Inward & out ward Remittances (FIRC).
  • 6. Updating term-deposit schedules & ensuring the Interest rates.
  • 7. Payments Weekly/Preparation of Cheques & Post dated cheques.
  • 8. Currency - rate monitoring, negotiations for Inward & Outward remittances.(Cross Currency).
  • 9. Issue of LC for import payments.
  • 10. Assist to Finance MIS Reporting.
  • 11. Cash forecast - preparation of internal statement of fund flow.
  • - Import and Export :
  • 1. Making Commercial Invoice Packing List. follow up
  • 2. Prepare Import & Export payment form as per FEMA Act for the payment.
  • 3. Consultation of the clients regarding insurances, duties and taxes
  • 4. Monitoring of the shipments to ensure the compliance of regulations
  • 5. Search for possibilities to reduce taxes
  • 6. Maintenance of customer relations and participation in the organization's sales activities
  • 7. Ensuring the efficiency and effectiveness of imports and exports
  • 8. Handling the CHA

Audit Assistance Cum Accountant

S.S.P.M & Co
Pune
05.2007 - 09.2011
  • Company Overview: (Chartered Account Firm)
  • (Chartered Account Firm)
  • Handled day-to-day accounting processes to drive financial accuracy.
  • Gathered financial information, prepared documents, and closed books.
  • Reconciled accounts and reviewed expense data, net worth, and assets.
  • Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
  • Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
  • Prepared working papers, reports and supporting documentation for audit findings.
  • Compiled general ledger entries on short schedule with 100% accuracy.
  • Used accounting software to issue tax returns and prepare consolidated reports.
  • Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
  • Prepared tax returns for clients in various industries according to government regulations and requirements.
  • Maintained complete records of client tax returns and supporting documentation in secured areas.
  • Utilized tax software to prepare returns and meet deadlines.

Education

B.com -

D.C.C Latur
Latur
06.2003 - 01.2006

H.S.C. -

D.C.C Latur
Latur
06.2001 - 01.2003

S.S.C. -

S.M.R.V. Latur
Latur
05.2000 - 01.2001

Skills

US Accounts

Executive Profile - Summary

  • Dynamic professional with a decade of experience in treasury activity of Business. Presently working with ZENIAI PVT LTD as a Team Lead (R to R)
  • Ability to operate end-to-end business cycle.
  • Capable of operating treasury Operation to have adequate cash flow by way of various funding options and control over operations cash flow.
  • Demonstrated ability in managing functions such as Credit Controls, Accounts, Finance, Supply Chain, Procurement, Projects, Hiring, Finalization, Internal Controls, system implementation, and Audits.
  • Have good knowledge in Finance, Banking, Project Execution, and Procurement.
  • Conversant with import procedures and hands-on experience in preparing the necessary documentation and customs handling.
  • Have good experience which is having the more than 500 Cr. Turnover companies i.e. Bobst india Pvt ltd, Tata Technologies Ltd.
  • Excellent communicator with strong analytical and numeric skills. Well-versed in preparing various reports using MS Excel, and PowerPoint.

Computer Knowledge - Software Packages

  • SAP FI
  • Tally 9.0ERP
  • MS Office
  • ERP MFG PRO
  • Quick Book

Personal Information

  • Pan Number: ASYPP1167H
  • Date of Birth: 10/22/85
  • Gender: Male
  • Marital Status: Married

Timeline

Team Lead

Tata Technologies Ltd
05.2023 - Current

Team Lead. (R to R)

ZENIAI Pvt Ltd
05.2022 - 04.2023

Accounts Manager

Utility Solutions
09.2017 - 03.2020

Consultant - Accounts Finance

Tata Technologies Ltd.
03.2016 - 09.2017

Accounts Manager

iOG Solutions Pvt. Ltd.
03.2012 - 12.2015

Account Executive

Bobst India Pvt. Ltd.
09.2011 - 05.2012

Audit Assistance Cum Accountant

S.S.P.M & Co
05.2007 - 09.2011

B.com -

D.C.C Latur
06.2003 - 01.2006

H.S.C. -

D.C.C Latur
06.2001 - 01.2003

S.S.C. -

S.M.R.V. Latur
05.2000 - 01.2001

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Sumit PhulariAccount and finance