SUVARNA MAHADIK
Kanjurmarg East
Summary
Experienced Account & Finance Officer professional with a proven track record in reconciling challenging and difficult accounts. Ability to meet and exceed goals that have led to increased productivity for the organization. Advanced skills and proficiency in Excel, strong ability to learn different software fast. Seeking to utilize experience and skills to take next career step with a respected organization that rewards hard work and proven track record of success.
Overview
10
10
years of professional experience
Work History
Finance Team Lead
Electrolux India Pvt Ltd
05.2022 - Current
- Direct and review the daily operations of a high-volume accounts payable department. Ensures accurate and timely execution of transactions for PO, and Non-PO invoicing. Work closely with staff to enhance and execute problem resolution.
- Provide oversight over vendor master data, including creation, updates, inactivation and alignment across third party tools/systems ensuring both data integrity and data normalization.
- Performs and participate in the review of month-end close activities, financial audit preparation, balance sheet flux and subsequent reporting to senior management.
- Review with management recommendations for PTP process enhancements to improve operations Maintain and monitor internal controls within the PTP process to ensure the accuracy of our vendor and financial records.
- Drive continuous improvement efforts by implementing process improvements, technology driven solutions and automation.
- Partner with business systems to ensure all financial systems and procure to pay operations are optimized to capture and produce timely and accurate information.
- Evaluated employee skills and knowledge regularly, training, and mentoring individuals with lagging skills.
- Managed schedules, accepted time off requests and found coverage for short shifts.
- Gather and verify invoices for appropriate documentation prior to payment
- Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared
- Perform daily cash management duties, including the recording of bank deposits, updating and distribution of cash receipt logs, and posting of cash to the accounts receivable sub-ledger
- Monitor and collect accounts receivable by contacting clients via telephone, email, and mail
- Prepare analytical and ratio analyses relevant to A/R so management can gain a better understanding of how collection efforts are progressing
- Support other accounting and finance team members, inventory management, and cost accounting
- Also :
- Income Tax Compliance: Prepare and file income tax returns for individuals and businesses, ensuring accuracy and compliance with state, national, and international tax laws.
Quarterly Tax Returns: Prepare and file quarterly tax returns, ensuring timely submission and accuracy.
Form 16 Calculation: Calculate and issue Form 16 to employees, ensuring correct TDS deductions and compliance with statutory requirements.
Tax Planning: Develop tax strategies to minimize tax liabilities and maximize tax benefits for company.
Statutory Compliance: Ensure compliance with all statutory requirements, including GST, TDS, and other relevant regulations.
Statutory Calculations: Perform statutory calculations, including TDS, GST, and other relevant taxes, ensuring compliance with local and national regulations.
Audit Support: Assist in tax audits by providing necessary documentation and explanations.
Record Maintenance: Organize and maintain records of tax payments, filings, and client information.
Accounts & Finance Officer (Lead SAP finance)
Zuellig Pharma Specialty Solutions India Pvt Ltd
01.2019 - 04.2022
- Day to Day Accounting of transactions in Accounting Software SAP HANA S4 and related work
includes preparation of Bank Reconciliation Statement (BRS) - Handling all accounting matters such as AR, AP, GL to ensure the accounting books reflect an
accurate status of the company's financial position in accordance with International Financial
Reporting Standards. - ROC compliance i.e. preparation of DSC, AGM documentation, Annual Filing of Returns.
- Handling all banking (HSBCnet) related affairs for all entities under management.
- Making payroll disbursements to staff after computing of all computation.
- Calculation & making TDS Chart Monthly basis & payments. E-TDS return filling on Quarterly
basis. - Downloading Justification report from the Traces for queries received on TDS returns. Assisting
senior for reply to TDS notices received from Trace Portal - Assessing and filing of income tax returns of companies.
- Making GST Return & reconciliation on monthly basis and payments on timely basis.
- Preparation of Monthly MIS as per the corporate compliance.
- Manage the monthly reporting into ZP's reporting tool - SAP BPP
- Assisting the preparation of yearly audit pack for submission to Corporate.
- Assisting the Clinical Reach Director in the preparation of monthly business review deck
- Assisting Clinical Reach Director and FD in annual budgeting and any financial analysis of the
business
Accounts Assistant
V. Singhi & Associates
10.2014 - 12.2018
- Statutory Compliances prescribed for TDS, Shop & Establishment, Profession Tax & GST
- Accounting of the Expenses, journals, Purchase Sales & audit entries
- Preparing salary calculation on Yearly basis
- Calculation & making TDS Chart Monthly basis & payments
- E-TDS return filling on Quarterly basis
- Downloading Justification report from the Traces for queries received on TDS returns
- Assisting senior for reply to TDS notices received from Trace Portal
- FEMA Compliances on receipt and payment of foreign remittances
- Assessing and filing of income tax returns of Proprietary & Partnership concerns & Private companies
- Familiar with ROC Compliances prescribed for Companies and LLPs under the Companies Act, 2013
- Assistance with documentation requirements to support the representations during the assessment procedures conducted by Income and VAT Authorities
- Familiar in Internal Audits, Statutory audits And Tax audit of various entities to prepare and file audit reports and income tax returns
- Preparation and filing (including e-filing) of required forms and returns with respective Authorities.
Education
Post Graduate Diploma in Finance - Finance
Welingkar Institute of Management
Mumbai12-2023
Bachelor of Commerce - Finance
Mulund College of Commerce
Mumbai03-2014
Skills
- Ledger reconciliation
- General ledger accounting
- Internal controls development
- Payroll processing
- Tax compliance
- Financial audits
- Credit analysis
- Cost control
- Internal auditing
- Account reconciliation
- Internal controls
- Accounts receivable
Languages
English
Advanced (C1)
Marathi
Advanced (C1)
Hindi
Advanced (C1)
Software
SAP S4 HANA & FICO
Timeline
Finance Team Lead
Electrolux India Pvt Ltd
05.2022 - Current
Accounts & Finance Officer (Lead SAP finance)
Zuellig Pharma Specialty Solutions India Pvt Ltd
01.2019 - 04.2022
Accounts Assistant
V. Singhi & Associates
10.2014 - 12.2018
Post Graduate Diploma in Finance - Finance
Welingkar Institute of Management
Bachelor of Commerce - Finance
Mulund College of Commerce
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