SUSHIL SEMWAL

Financial Management:

• Managed successful financial due diligence for key mergers and acquisitions, ensuring seamless integration of acquired entities' finance functions.
• Designed and maintained financial models to identify and measure risks.
• Led development of annual budgets, incorporating input from multiple departments to ensure organizational alignment with financial goals.
• Prepared internal and regulatory financial reports, Profit & Loss and income statements.
• Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.

Accounts Payable Management:

• Managed end-to-end process of receiving, reviewing, and processing vendor invoices, ensuring accuracy and completeness.
• Ensured timely payments to vendors while adhering to payment terms and company policies.
• Regularly reconciled accounts payable records with general ledger to ensure accuracy and completeness.
• Conducted cost analysis on vendor invoices and payments to identify opportunities for cost reduction, negotiation of better terms, or consolidation of suppliers.

Accounts Receivable Management:

• Issued accurate and timely invoices to customers for products/services rendered.
• Monitored and followed up on overdue payments, engaged with customers to resolve outstanding balances, and negotiated payment plans when necessary.
• Assisted in cash flow forecasting by providing accurate and up-to-date information on expected receivables.

Financial Reporting:

• Compiled financial data from various sources, such as sales records, expenses, and other income, and analyzed them to generate the Profit & Loss (P&L) report.

Accounts Receivable (AR) and Accounts Payable (AP):

• Managed AR and AP functions, ensuring efficient billing, Collections & timely payments, and strong vendor/Customer relationships.
• Conducted regular reconciliations and follow-ups on overdue collections & vendor Payment settlements.
• Prepared provisions and generated aging reports for effective receivables management.
• Ensured accurate recording of financial transactions and maintained up-to-date records.

Taxation and Compliance:

• Maintained strict compliance with tax laws, preparing accurate filings and collaborating with auditors.
• Ensured timely and accurate filing of GST, TDS, and other statutory requirements.
• Reconciled tax documents and coordinated with audit teams for seamless compliance.
• Played key role in balance sheet finalization and ensured transparency and accuracy in financial records.

Financial Reporting and Analysis:

• Produced comprehensive financial statements, providing valuable insights for strategic decision-making.
• Conducted meticulous balance sheet audits, promptly addressing discrepancies to uphold financial integrity.
• Analyzed financial data to identify trends, variances, and opportunities for cost savings and revenue enhancement.
• Supported senior management in financial statement preparation and reporting.

Process Improvement and General Accounting:

• Implemented robust internal controls and process improvements, optimizing efficiency and mitigating financial risks.
• Managed day-to-day accounting entries, reconciliations, and petty cash expenses.
• Developed standardized procedures for financial transactions, ensuring consistency and compliance across organization.
• Provided training and support to staff on new accounting processes and systems, ensuring smooth implementation and adoption.
• Prepare and post journal entries to ensure that all financial transactions are properly recorded in general ledger according to accounting principles.
• Perform regular reconciliations of bank statements with company records to verify accuracy and identify any discrepancies.
• Maintain records of fixed assets, including depreciation schedules, to accurately reflect company's financial position and comply with accounting standards.
• Provide documentation and support during internal and external audits to ensure accurate and timely completion of audit procedures.
• Analyze variances between budgeted and actual expenses or revenues to identify areas of improvement or potential risks.

• Managed day-to-day accounting transactions for Accounts Receivable and Accounts Payable, ensuring accuracy and timeliness.
• Maintained comprehensive documentation for all financial entries, adhering to regulatory standards and internal policies.
• Prepared monthly Management Information System (MIS) reports pertaining to revenue and payments, providing valuable insights for decision-making.
• Conducted Bank and Credit Card reconciliations, verifying accuracy and identifying discrepancies for resolution.
• Implemented and maintained systematic recovery system, initiating collection efforts to minimize outstanding balances.
• Facilitated bank deposits and managed various banking activities to ensure efficient financial operations.
• Oversaw organization and maintenance of Export and Import documents, coordinating financing activities as required.
• Managed Excise Returns, ensuring compliance with relevant regulations and timely submissions.
• Completed ad-hoc duties and assignments as delegated by management, demonstrating flexibility and adaptability in fulfilling responsibilities.

• Managed Accounts Payable (AP) processes, including invoice processing, vendor payments, and reconciliations, ensuring accuracy and timeliness.
• Handled Accounts Receivable (AR) functions, including invoicing, collections, and reconciliation, and minimizing outstanding balances.
• Prepared and filed tax returns and ensured compliance with tax regulations i.e. Sales Tax, and Service Tax, Excise Tax prior to GST implementation.
• Conducted thorough balance sheet reconciliations and assisted in preparation of financial statements, supporting accurate financial reporting.
• Assisted in preparation of monthly, quarterly, and annual financial reports, providing insights for management decision-making.
• Participated in internal and external audits, ensuring compliance with auditing standards and timely resolution of audit queries.
• Coordinated with internal teams and external stakeholders to resolve accounting discrepancies and improve process efficiency.
• Maintained documentation and records related to AP, AR, taxation, and financial transactions in compliance with company policies and regulatory requirements.