Umesh Roy
Noida
Summary
Results-driven Accounts & Finance Professional with over 24 years of experience in managing end-to-end financial operations, statutory compliance, and corporate accounting across manufacturing and trading sectors. Proven expertise in GST, TDS, TCS, VAT, and month/year-end closing, along with general ledger management, debtor/creditor oversight, and bank reconciliation. Skilled in handling subsidiary company accounts, preparing budgets vs. actuals analysis, and ensuring robust compliance reporting to mitigate risks from tax notices. Adept at inventory and stock verification, fund management, and finalization of accounts up to balance sheet. Track record of cost savings and tax recovery, including successful refund claims and demand reductions. Known for developing systems that enhance reporting accuracy and operational efficiency. Strong leadership, analytical, and follow-up skills with the ability to manage multi-location operations and cross-functional coordinations.
Overview
25
25
years of professional experience
1
1
Certification
Work History
ACCOUNTS & FINANCE MANAGER
ARCHIPLY INDUSTRIES LTD.
03.2016 - Current
- Ensured Leading month-end, quarter-end and year-end closing activities, including review and finalization of general ledger entries for accurate financial reporting.
- Ensuring timely and accurate compliance with statutory requirements including GST, TDS, and TCS, and preparing detailed compliance reports to address any future departmental notices or audits.
- Overseeing debtors and creditors accounting, monitoring ageing schedules, resolving discrepancies, and ensuring timely collections and payments.
- Managing the complete accounting and compliance activities of subsidiary companies, ensuring alignment with corporate financial policies.
- Preparing data and reports for various internal departments based on current business scenarios, aiding in decision-making and resource planning.
- Developing budgets and forecasts, and performing variance analysis by comparing budgeted vs. actual financial performance.
- Supporting internal and statutory audits by providing timely and accurate information and documentation.
- Key Contributions:
- Designed a structured compliance documentation system to support faster and more accurate responses to government department notices.
- Improved subsidiary reporting timelines and inter-company reconciliation accuracy across multiple entities.
- Played a key role in aligning budget planning with strategic business goals, helping reduce cost overruns through continuous monitoring
ACCOUNTS MANAGER
RECLINER INDIA PVT. LTD.
03.2012 - 03.2016
- Executed month-end closing activities, including review and posting of general ledger entries and necessary adjustments.
- Ensured compliance with statutory requirements such as VAT and TDS, including filing of returns and timely remittances.
- Managed branch transfer entries and passed required journal entries and adjustments for inter-branch transactions.
- Prepared consolidated trial balances across multiple branches to support corporate-level financial reporting.
- Conducted debtors and creditors account reconciliation, resolving mismatches and ensuring accurate reporting of balances.
- Performed bank reconciliations and addressed discrepancies to maintain integrity between books and bank statements.
- Carried out periodic stock verification and coordinated with internal departments for inventory accuracy.
- Processed and secured refund of ₹45 lakhs of additional duty paid during import of raw materials.
- Rectified errors in VAT returns, leading to a 90% reduction in tax demand, and prevented significant financial exposure.
- Oversaw accounting and compliance matters of a subsidiary company, ensuring timely and accurate statutory reporting
- Key Contributions:
- Successfully implemented procedures to recover import duty refunds, significantly improving cash flow.
- Streamlined inter-branch accounting and consolidation, improving accuracy and reporting efficiency
- Played a key role in identifying and correcting VAT return anomalies, resulting in substantial tax savings
Senior Account Executive
M.S. MEDICALS PVT LTD.
08.2008 - 03.2012
- Performed vendor reconciliation for both domestic and foreign suppliers, ensuring timely resolution of mismatches and maintaining accurate account balances.
- Handled debtors’ reconciliation and designed an outstanding payment tracking system, leading to improved receivables management and efficient follow-up.
- Ensured statutory compliance for VAT and TDS including accurate calculation, timely filing, payment, and proper accounting entries.
- Conducted inventory verification to ensure stock accuracy and supported internal audits and year-end stock valuations.
- Participated in year-end closing activities, prepared schedules, and supported balance sheet finalization in collaboration with statutory auditors.
- Managed bank reconciliations, ensuring alignment between books of accounts and bank statements.
- Oversaw fund flow and cash management activities to maintain a healthy working capital position and support business operations.
- Key Contributions:
- Developed a custom tracking and follow-up system that reduced outstanding receivables by 30%.
- Streamlined VAT and TDS processes, ensuring full compliance and eliminating tax-related penalties.
- Assisted in smooth and timely year-end audits with complete and accurate financial documentation
Manager - (Accounts)
VEDANTA FOUNDATION.
06.2000 - 08.2008
- Managed month-end closing activities by consolidating financial data from 52 branches across the North Zone.
- Collected and verified branch-wise income, expense, payment, and receipt data for accurate monthly reporting.
- Prepared and compiled Profit & Loss accounts and Balance Sheets for all branches, ensuring timely submission to Head Office.
- Generated monthly Cash Flow and Fund Flow statements to support decision-making and ensure adequate liquidity.
- Conducted branch audits as per instructions from Head Office, visiting locations to verify records and ensure compliance.
- Assisted external and internal auditors during quarterly audits of both branch offices and Head Office accounts.
- Key Contributions:
- Facilitated smooth quarterly audits by ensuring readiness of financial records and proper branch coordination
Education
B.COM(H) - ACCOUNTING
College Of Commerce, Magadh University
Bodh Gaya, BIHARSkills
- Financial accounting and reporting
- Month-end and year-end closing
- Tax compliance (GST, TDS, TCS, VAT)
- Subsidiary accounts oversight
- Budget preparation and variance analysis
- Trial balance and balance sheet finalization
- Branch transfer accounting
- Audit support and compliance documentation
Certification
One-year Honors Diploma In Computer Application from Aptech Patna.
Disclaimer
Father’s Name: Umesh Kumar Roy Mother’s Name: Late Mahendra Roy Date of Birth: 1970-02-18 Current Address: Flat No.1102, Tower-H, Assotec Windsor Court, Sector-78, Noida. I hereby declare that the above information furnished by me is true and up to date. Date: Place: Delhi Umesh Roy
Timeline
ACCOUNTS & FINANCE MANAGER
ARCHIPLY INDUSTRIES LTD.
03.2016 - Current
ACCOUNTS MANAGER
RECLINER INDIA PVT. LTD.
03.2012 - 03.2016
Senior Account Executive
M.S. MEDICALS PVT LTD.
08.2008 - 03.2012
Manager - (Accounts)
VEDANTA FOUNDATION.
06.2000 - 08.2008
B.COM(H) - ACCOUNTING
College Of Commerce, Magadh University
Similar Profiles
Shawn WharryShawn Wharry
Journeyman Sheet Metal Worker at Prairie Metal Industries, Nordic Mechanichal, ASM Industries.Journeyman Sheet Metal Worker at Prairie Metal Industries, Nordic Mechanichal, ASM Industries.
AADIL HUSSAINAADIL HUSSAIN
Sr QA/QMS Engineer at APS Industries Ltd.Customers-FIEM IndustriesSr QA/QMS Engineer at APS Industries Ltd.Customers-FIEM Industries
Yash AgarwalYash Agarwal
Quality Engineer at TKIL Industries Pvt.Ltd (Formerly known as Thyssenkrupp IndustriesQuality Engineer at TKIL Industries Pvt.Ltd (Formerly known as Thyssenkrupp Industries
Pinky AhlawatPinky Ahlawat
HR Administrative Assistant at LINTL Clothing Pvt. Ltd.HR Administrative Assistant at LINTL Clothing Pvt. Ltd.
Himanshu Kumar GuptaHimanshu Kumar Gupta
Assistant Manager at KPMG IndiaAssistant Manager at KPMG India