TEJAS M. SARAF
Sangamner
Summary
With a proven track record at Schaeffler Technology Solutions India Pvt Ltd, I excel in streamlining financial processes and enhancing reporting accuracy, leveraging expertise in Oracle 11i and SAP Client 500. Recognized for integrity and leadership, I significantly improve financial systems and compliance, demonstrating exceptional analytical and managerial skills. Strategic professional in financial management, known for high productivity and efficient task completion. Skilled in budgeting, cash flow management, and financial reporting, ensuring accuracy and compliance. Strong in communication, problem-solving, and leadership, excelling in collaborative environments to achieve organizational goals.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Finance Controller
Schaeffler Technology Solutions India Pvt Ltd
Pune
05.2023 - Current
- Maintained records of fixed assets including depreciation schedules.
- Compiled, prepared, and filed federal and state tax returns in compliance with regulatory standards.
- Advised executives on contracts with significant financial implications.
- Maintained general ledger and chart of accounts, performed complex accounting functions such as journal entry preparation, account analysis, balance sheet reconciliation and preparation of quarterly financial statements.
- Collaborated with other departments to improve processes related to financial data collection and analysis.
- Validated systems and procedures to support program implementation and streamline auditing processes.
- Prepared monthly, quarterly, and annual financial reports in accordance with GAAP standards.
- Coordinated financial statement reviews to coordinate variance reporting, analysis of year-to-date and forecast performance against expectations.
- Designed and formatted financial reports for internal and external users.
- Established controls and reporting systems to optimize governance structure.
- Prepared company's financial reports and ancillary documentation in accordance with established policies and procedures.
- Modified comprehensive financial reporting package to reflect growing organizational complexity and managed financial reporting processes to validate internal and external financial results align with GAAP.
- Led annual financial audit and preparation of support for audited financial statements.
- Spearheaded and directed accounting divisions to manage fund accounting, accounts payable and accounts receivable, payroll, budget and grant accounting functions.
- Produced financial reports and audit documentation to facilitate internal and external auditing.
- Managed day-to-day finance operations by working closely with accounting, accounts payable, accounts receivable and payroll staff to provide direction.
- Analyzed financial statements to identify areas of cost reduction and increased revenue.
- Developed annual budget and compared actual expenses against projected budget.
Asst Finance Manager
Emerson Electric Co India P Ltd
Nashik
08.2016 - 05.2023
- Compiling and analysing financial information for preparing entries to accounts such as general ledger accounts and documenting business transactions
- Monitering export and import related compliances with respect to customs
- Formulating the P&L statements, monthly closing and cost accounting reports
- Controlling reconciliation of monthly collections between billing system & accounting system, debtors reconciliation with billing system and debtors aging analysis
- Supervising the preparation of MIS reports to provide feedback to top management on financial performance (monthly profitability), age-wise analysis of debtors, pending advances list, outstanding & turnover details as per the requirement of management
- Recommending & scheduling financial, compliance, performance audits of departments
- Monitoring filing of direct & indirect tax returns including TDS, VAT, Service Tax, STPI compliances
- Defining cross charge model for various sub units
- Managing: Accounts payable process & approval of monthly spends, Monthly provisioning for the organisation, Evaluation of per FTE rate, Compliance adherence based on Indian as well as US GAAP
- STPI, EHTP & other statutory compliances such as customs permissions, de-bonding statutory & so on, service tax compliance including refund claims, monthly payments & ST returns
- Supporting HR for CTC fitment activity
- Evaluating per hour rate for assets utilization & human resource
- Creating annual MOU's, acquiring customer signed copies & submitting MOU's with clients
- Monitoring the inventory transactoion and accounting
- Invetory Reporting, Varaince analysis,Standard Cost accounting,various Inventory reports
- GST implementation at Emerson
- GST compliances
- R12 implementation
- IND AS and IFRS Audit close entries
- Closer of Bill of entry and Shipping bills in IDPMS and EDPMS
- IGCRD application monitering
- Implemented Inventory structure in the oracle system and three way matching system in oracle and EREEPS
- Implemented the GST related changes in the system
- R12 implementation
- Handlled GST Audit
- Managing Capitalisation of new plant and budgets for expansion
Finance and MIS Manager (Shared Services)
Tata Motors Ltd.
Pimpri
09.2014 - 08.2016
- Developed & implemented Revenue Booking System through excel developed macros; helped in streamlining account payable process for unit
Executive Manager (R &D Centre)
Cummins India Ltd.
Pune
09.2013 - 09.2014
- Assisted in Executing Time Log System through database and helped the organization in implementing the cost plus revenue systems
Manager
Cummins Research Technology India Ltd.
Pune
03.2010 - 08.2013
- Recipient of: MD (Managing Directors) Award under the category of 'Integrity' in 2010 for successfully leading a team of 2 member for performing the service tax audit and having no loopholes/ variations in audit from the department side
- Appreciation Award from CFO of Company in 2012 for completion of statutory audit and implementation of new Schedule VI format
- Tuned service tax refund claims to an amount of Rupees 1Cr from S.T department through accurate claim filing and proper follow ups
- Managed: VAT appeal at the Deputy Commissioner office of VAT for CRTI in 2011; helped the organisation in getting nil order
- Service tax audit (EA 2000) from 2004 to 2010 for the CRTI and achieved NIL demand report from the Service Tax Department by submitting all necessary documents
- Transfer Pricing audit & TP assessment for the CRTI
- Managed STPI Compliances for Software Technologies Parks of India for 2 year through timely submission of reports; met all parameters
Education
Chartered Accountant -
Institute of Chartered Accountants of India
01.2009
B.Com. -
B.M.C.C
Pune01.2005
Skills
- Proficient in Oracle 11i
- Experience with SAP Client 500
- Windows XP
- Windows 7
- Windows 8
- MS Office
- Excel
- PowerPoint
- Tally
Certification
- Six Sigma Certification (Green Belt), 2012
- Certificate in General Management & Communication Skills, 2009
Languages
- English
- Hindi
- Marathi
Personal Information
Date of Birth: 07/06/85
Corecompetencies
Preparation of annual budgets, Monthly forecasts, Tactical plans, Designing budgetary formats, Revenue and expenditure reports, Ensuring compliance with policies, contracts, and regulations, Filing returns (Income tax, GST, Service tax), Verification of general ledger, Preparation of management reports, Planning and executing closure schedules, Providing financial statements, Administering the closing process, Supervising funds placement activities, Managing variance analysis and forecasting, Reporting results to corporate and BOD, Preparing MIS for management, Managing inventory accounting and standard costing, Inventory valuation and annual count, Managing inventory turnover ratio
Timeline
Finance Controller
Schaeffler Technology Solutions India Pvt Ltd
05.2023 - Current
Asst Finance Manager
Emerson Electric Co India P Ltd
08.2016 - 05.2023
Finance and MIS Manager (Shared Services)
Tata Motors Ltd.
09.2014 - 08.2016
Executive Manager (R &D Centre)
Cummins India Ltd.
09.2013 - 09.2014
Manager
Cummins Research Technology India Ltd.
03.2010 - 08.2013
Chartered Accountant -
Institute of Chartered Accountants of India
B.Com. -
B.M.C.C
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