VINAYAK KARANDE
Hyderabad
Summary
With over 10 years of experience in C&F Branches managing across the South and West regions; which includes Hubli, Bangalore, Kolhapur, Pune, Goa and Telangana state.
Consistently excelled as a Regional Commercial Manager role, Focusing on enhancing C&F dashboard scores, supporting teams, and ensuring achievement of forecasted targets while reducing AR days and planning for monthly collection targets.
Successfully handled bank guarantee (BG) and letter of credit (LC) transactions. Drive substantial improvements in service levels and support indirect sales growth, resulting in the lowest overdue
percentage and enhanced collection ratio.
Committed to excellence, approach every task with dedication and hard work.
Objective is to leverage skills and knowledge for the betterment of the organization while contributing to a results-oriented and high-performing team focused on implementing innovative ideas.
Overview
14
14
years of professional experience
Work History
Regional Commercial Manager
CEAT Limited
12.2014 - Current
- Maintaining and updating region-wise discounts in system, ensuring Scheme discounts are processed as per target achievements.
- Maintain account receivable tracker customer wise and ensuring timely collections & improving AR days.
- Processing and ensuring vender payment as per due date.
- Process vendor and customer account reconciliations on monthly and quarterly basis.
- Process expense provisions, budgets update and GL reconciliation.
- Focus on cost reduction, OPEX reduction and controlling secondary freight costings.
- Negotiate and process structured arrangements for customers and vendors.
- Conduct C&F Stock audits and complying stock matching as system and actual stock.
- Verify and appoint New Channel partners / vendors in system.
- Ensuring SLA compliance and monitoring C&Fs' adherence to 5s standard.
- Facilitated regular trainings to C&Fs and update updated latest commercial processes and practices.
- Ensuring system support to Sales team and C&Fs for smooth sales operation.
Senior Accountant
Geared Hydro Power
07.2011 - 11.2014
- Oversaw the maintenance of the general ledger, ensuring accurate recording of all financial transactions
- Responsible for VAT calculations and the preparation of VAT returns, ensuring compliance with applicable regulations
- Coordinated and completed the CST assessment order in response to notices received for the previous years
- Calculated monthly excise and service tax to ensure timely compliance with regulatory obligations
- Managed TDS deductions for salaries, remuneration, and labor charges, provide TDS certificates to relevant parties
- Updated product cost sheets to reflect price fluctuations, facilitating accurate financial reporting over BOM
Audit Clerk
B. R. PORWAL AND ASSOCIATES
10.2010 - 06.2011
- Verification and finalization of accounting entries to ensure accuracy and compliance
- Conducting audits for various proprietorship firms, partnership firms, nationalized banks, and societies
- Managed Tax audits, Internal audits, and Statutory Audits for Banks, Societies, and Industrial entities
- Developed audit programs and addressed queries to facilitate effective audit processes
Education
Bachelor of Commerce -
Karnataka University
Master of Business Administration - Financial Services
Karnataka University
08.2014
P.G. Diploma - Financial Management
Bhartiya Vidya Bhavna's Rajendra Prasad Institute Of Communication & Management
Skills
- Accounting and Reconciliation
- Account Receivables Strategy Development
- Managing Provisions and Budgeting
- Handling GST & Taxation queries
- Proficient in Advanced Excel & MS Office
- C&F Management & Managing C&F Dashboard score
- Adhering to regulatory guidelines towards QBM way of working
- Team Handling & Leadership
Accomplishments
- Awarded Best Commercial for achieving the highest C&F dashboard score, successfully liquidating slow-moving inventory and significantly reducing overdue accounts.
- Implementation of the 5s methodology to enhance efficiency within the C&F Branches, which later on contributed to achieve the prestigious Deming Award to CEAT Limited.
- Implemented PANDO system to leverage new technology, enabling customers to track and trace materials in real time through a live portal. This initiative significantly improved service levels and enhanced customer satisfaction.
- Negotiated with vendors to achieve a 24% reduction in rent costs.
- Collaborated on a McKinsey project to implement direct dispatches from the factory, resulting in a 6% cost reduction.
- Enrolled C&F Branches to utilize 32-foot vehicles, resulting in a 9% reduction in transportation costs.
Languages
English
Hindi
Marathi
Kannada
Hobbies and Interests
- Trekking
- Fitness exercise
- Playing outdoor games (Badminton & cricket)
- Watching movies
- Listening to songs
Personal Information
- Religion: Hindu
- Caste: Brahmin
- Father's Name: Prafull Karande
- Blood Group: AB+
- Date of Birth: 06/02/87
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Disclaimer
The above stated are true to the best of my knowledge. References and documents to validate the above-mentioned would be available when required.
Timeline
Regional Commercial Manager
CEAT Limited
12.2014 - Current
Senior Accountant
Geared Hydro Power
07.2011 - 11.2014
Audit Clerk
B. R. PORWAL AND ASSOCIATES
10.2010 - 06.2011
Bachelor of Commerce -
Karnataka University
Master of Business Administration - Financial Services
Karnataka University
P.G. Diploma - Financial Management
Bhartiya Vidya Bhavna's Rajendra Prasad Institute Of Communication & Management
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