Sweta Parakh
Associate Cost & Management Accountant (ACMA)
Summary
Experienced Cost & Management Accountant with a Graduation (Hons) in Commerce, seeking opportunity with organization that values and rewards performance. Committed to professional growth and contributing to organization's goals and objectives, both professionally and personally. Excited to leverage expertise in cost and management accounting to drive financial success and make positive impact within company.
Overview
3
3
years of professional experience
3
3
Languages
Work History
Officer- Finance
Hindustan Urvarak & Rasayan Ltd (HURL)
08.2024 - Current
- Quarterly Closing of Accounts including Preparation of Balance Sheet and other Notes to accounts etc.
- Unit Wise P&L. and Balance sheet Preparation for various stakeholders etc
- Agenda preparation related to Finance, verification of ATR & Minutes etc
- Coordination with CAG Audit, Statutory Audit and Internal Audit etc
- Timely Capitalizations of Assets, Review of WIP and Capital Stores & Dismantled Assets etc
- Review of Claims/ Advances/ Deposits/ GR-IR/EMD/GL/Contingent Liability in consultation with Function/ Law/Review of Schedules, Liaison with other functions on Closing related issues etc
- SAP Maintenance, SAP enhancement, and coordination with SAP team for various ongoing issue/Tasks, Period Opening and Closing Activities etc
- Vendor O/S report including MSME etc
- Capital Budgeting and CAPEX Reporting etc
- Various MIS related to Financial requested by Promoters, FICC, Bankers, Inter department & Surveyors etc
Senior Executive
LTK Industries Pvt Ltd (Amul Macho, Macho Hint)
02.2022 - 08.2024
- Conducted detailed financial analysis and reporting, ensuring accurate preparation and finalization of accounts in line with regulatory standards
- Analyzed audits and taxation processes, including GST and Income Tax compliance, ensuring timely and accurate submission of required data
- Administered vendor payments and tax obligations, ensuring timely and compliant processing of payments
- Developed and prepared company budgets, performed detailed financial analysis to support strategic planning and operational efficiency
- Conducted daily floor audits and identified bottlenecks, leading to a 15% reduction in wastage and a 20% improvement in work-in-progress (WIP) efficiency across multiple departments
- Prepared and analyzed reports such as Sewing Efficiency, RIB Consumption, Elastic Consumption, and Knitting Production & Stock
- Generated and reviewed inventory reports, including Yarn Issue & Consumption and Greige Fabric Issue vs Ready Fabric Receive, to maintain accurate records and optimize stock levels
- Led and managed a team of 6 HR professionals, overseeing HR activities for approximately 3000 employees. Administered payroll operations, ensuring compliance with relevant laws and regulations
- Handled Provident Fund (PF) and Employee State Insurance Corporation (ESIC) calculations, ensuring accurate deductions and contribution submissions
- Identified areas for improvement in production processes through detailed report analysis, comparing actual productions with standards, and optimizing resource usage to reduce costs.
Audit Assistant
Saraf & Chandra LLP, Chartered Accountants
12.2021 - 02.2022
- Prepare and compute Income Tax returns for a diverse range of assesses, ensuring accuracy and compliance with relevant tax laws and regulations.
- Perform reconciliations of Cash and Bank payments, identifying and resolving any discrepancies or errors to ensure proper accounting and financial record-keeping.
- Conduct Internal Audits to assess the effectiveness and efficiency of the organization's internal controls, processes, and procedures, and identify areas for improvement or corrective action.
ARTICLESHIP
Sohan Lal Jalan & Associates
07.2016 - 02.2017
- Costing- Maintaining of Cost records of various manufacturing companies & performance appraisal in order to compare actual cost with standard cost.
- Auditing- Cost Audit & Internal Audit
- Compliance- MCA Filing, Basic documentation work.
Education
Cost & Management Accountant, CMA - Costing
INSTITUTE OF COST ACCOUNTANTS OF INDIA
Kolkata, India 04.2001 - 2021.01
Bachelor of Commerce - Accounting And Finance
Seth Anandram Jaipuria College-CALCUTTA UNIVERSITY
Kolkata, India 04.2013 - 2016.01
Skills
Advance Excel
Timeline
Officer- Finance
Hindustan Urvarak & Rasayan Ltd (HURL)
08.2024 - Current
Senior Executive
LTK Industries Pvt Ltd (Amul Macho, Macho Hint)
02.2022 - 08.2024
Audit Assistant
Saraf & Chandra LLP, Chartered Accountants
12.2021 - 02.2022
ARTICLESHIP
Sohan Lal Jalan & Associates
07.2016 - 02.2017
Bachelor of Commerce - Accounting And Finance
Seth Anandram Jaipuria College-CALCUTTA UNIVERSITY
04.2013 - 2016.01
Cost & Management Accountant, CMA - Costing
INSTITUTE OF COST ACCOUNTANTS OF INDIA
04.2001 - 2021.01
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