Sunanda Nayak

• Performed month-end close activities preparation of financial statement reports,forecast and variance analysis ensuring timely completion of tasks within established deadlines.
• Conducted periodic reviews of all general ledger accounts to ensure accuracy of information reported.
• Fianalisation of Annual financial and adhere to IND AS
• Collaborated with external auditors during annual audits; responded promptly to inquiries from auditors.
• Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
• Project cost analysis
• Assist in timely completion of Internal audit, ICFR & Transferpricing audit

• GST return to be checked monthly basis both GSTR 1 and GSTR 3B
• Check and Verify Proforma invoice before sending to customer
• Performing Debtor's reconciliation
• Outstanding receivable follow-up with sales team
• TDS and TCS return filing every quarter. Advance Tax calculation and payment.
• Tally and SAP reconciliation on weekly basis.
• Monthly Reporting to Management for financial statement, receivables, payables etc.
• Preparation of documents to get loan facility against export order under subvention scheme.
• Prparation of annual financial
• Ensured compliance with industry regulations and company policies.
• Coordinated with other departments within the organization regarding budgeting matters.

Key responsibilities:

Financial reporting, analysis & Supervision

· Finalization of financial statement of accounts (Balance sheet and P&L statement).

· Analyzing / Reporting B/S movements & key P&L items during the month for senior management meetings.

· Preparing Budget and variance analysis for the company

· Product cost analysis and fixing selling price.

· Client wise ageing analysis for receivables.

· Import and Export related documentation and duty drawback.

· Business loan against stand by letter of credit.

· Accounting and reporting of Work contract project.

Regulatory Reporting

· Annual report finalization & closing audit queries.

· Supervising Compliance to FEMA guidelines for inward/outward remittance.

· Filling of annual FLA statement under FEMA.

· Assist in Transfer pricing Audit.

· TDS, GST deposit.

· Quarterly TDS return filing.

· Monthly and Annual GST return filling.

· Ensuring compliance under FDI under Automatic route.

· Supervising compliances to Transfer pricing regulation.

Key Achievements

· Building the strong Finance team in Mumbai

· Enhancing the Macola ERP system in line with Tally to reduce discrepancies & enhanced control.

· Closing all the audit points & Tax queries in due time

· Improved engagement level with US counterparts.

· Completed successfully assessment of Income Tax under scrutiny assessment and got favorable order.

Payroll analysis & finalization from tax perspective.

· Finalization of statutory forms in ROC

· E- Filing of Tax returns for Individual clients.

· Maintaining TDS details for the clients

· Process Audit - Analyze the business processes for client bodies to mitigate risk, improve performance and create profitability

· Internal Audit for clients mainly from Chemical Industry

· VAT Audit for Clients