Pavan Phanse
Accounts & Finance Manager
Navi Mumbai
Summary
I am a Results-orientated accounting professional with broad experience in a deadline-driven environment. Proven track record in consistently and effectively delivering accounting services that enhance the company's purpose and profitability. I am highly enthusiastic with excellent communication skills. I have demonstrated a strong commitment to my work and the ability to meet challenging goals. I strive for excellence personally and professionally in all my endeavors.
Overview
17
17
years of professional experience
3
3
Languages
Work History
Deputy Manager - Accounts & Finance
IvyCap Ventures Advisors Private Limited
03.2023 - Current
- Independently managed end-to-end bi-annual portfolio valuation for ~50 portfolio companies, including coordination with internal teams, external valuers, and auditors.
- Prepared and reviewed complex liquidation preference models/workings, ensuring accurate equity value allocation across stakeholders for valuation purposes.
- Performed variance analysis between internal and external valuations, identifying key drivers and explaining movements in equity valuation.
- Ensured timely regulatory compliance with SIDBI & SRI, managing drawdowns in line with fund requirements and investor commitments.
- Led interim and final audit coordination, resolving auditor queries and ensuring timely closure with complete supporting documentation.
- Managed investor servicing for 20+ institutional investors, including capital calls, distributions, quarterly reporting, and ongoing communication.
- Reconciled custody records and resolved share transfer issues, ensuring accuracy of holdings, transactions, and investment records.
- Prepared and reviewed investor reporting, including capital account statements, management fee calculations, and distribution workings.
- Maintained fund accounting records, including journal entries, securities accounting, corporate actions, disbursements to portfolio companies, and MIS reporting.
- Ensured compliance with fund documentation, SLAs, and operating procedures, while coordinating with portfolio companies for timely financial reporting and data requirements.
Senior Accounts Manager
Usha Garments Manufacturing Co. Private Limited
01.2022 - 02.2023
- Managed end-to-end GST compliance, including the preparation of Statement-3, Annexure-B, annual returns, refund applications, and the resolution of deficiency memos in coordination with GST authorities and consultants.
- Handled GST assessments and notices, liaising with departmental officers (AC, DC, JC), and ensuring timely and accurate submissions.
- Performed monthly and quarterly GST reconciliations (GSTR-2B vs. books), including sales reconciliation between ERP (AP) and Tally, and implemented corrective actions in GST returns.
- Prepared monthly financial statements, including Profit & Loss, Trial Balance (cost center-wise), MIS reports, and cash/fund flow statements for management review.
- Conducted a detailed cost analysis, including overhead allocation, product costing, and identification of stock discrepancies through MIS reporting.
- Ensured accurate accounting and compliance, including depreciation calculations, journal entries, and preparation of financial statements, with supporting schedules and notes to accounts.
- Monitored export and domestic sales transactions, including e-invoicing compliance, export documentation, and validation of foreign currency conversion rates.
- Managed working capital and vendor controls, including debtor/creditor aging analysis, MSME compliance, and review of transport invoices with debit note adjustments for rate differences.
- Prepared and tracked export incentives (Drawback & RoSCTL) and coordinated with internal teams to ensure timely realization and reconciliation with shipping documents.
- Led audit coordination and process improvements, resolved statutory and internal audit queries, strengthened accounting processes in Tally, and supervised team operations for efficient delivery.
Assistant Manager - Accounts & Finance
Adino Telecom Limited
01.2018 - 12.2021
- Managed direct and indirect tax compliance, including the assessment of Income Tax and Sales Tax, timely filing of returns, and coordination for statutory submissions.
- Ensured end-to-end regulatory compliance, including ROC filings, GST returns and payments, and adherence to applicable legal and corporate requirements.
- Led half-yearly audit processes, coordinating with chartered accountants and management to resolve audit observations and strengthen internal controls.
- Oversaw cash flow planning across business divisions, ensuring optimal fund allocation and liquidity management.
- Prepared and submitted monthly MIS/MSOD reports to financial institutions, supporting the enhancement of working capital and credit limits.
- Monitored working capital components, including sales outstanding follow-ups, inventory controls, and creditor/payment management.
- Strengthened inventory governance, including quarterly stock verification, reconciliation with books, and implementation of controls to prevent loss or pilferage.
- Managed statutory payroll compliance, including salary processing and payments/returns for TDS, PF, ESIC, PT, and advance tax.
- Controlled financial and legal instruments, including petty cash, bank guarantees (BG), C-Forms, EMD/SD, and handling of legal notices.
- Supervised and developed the accounting team, driving performance, accuracy in financial reporting, and continuous process improvements across accounting systems.
Accounts Manager
Qualitas Lifespaces LLP
09.2012 - 12.2017
- Managed end-to-end accounting operations across Tally and ERP (Construction Module), including journal entries, ledger scrutiny, bank/cash book review, and sales accounting.
- Led financial reporting and MIS, including preparation of Balance Sheet, P&L, cash flow/fund flow statements, and monthly MIS for Banks/NBFCs to support loan projections and fundraising.
- Handled direct and indirect tax compliance, including GST, TDS (returns, reconciliation, payments), and legacy taxes (Service Tax, VAT, CST), ensuring timely filings and accuracy.
- Managed payroll and statutory compliance, including salary processing and payments/returns for PF, ESIC, PT, and issuance of TDS certificates to vendors.
- Performed bank reconciliations and variance analysis, resolving discrepancies between internal books and external records, and coordinating with bankers for all transactions.
- Maintained fixed asset register, supervised purchases, verified journal entries, and ensured accuracy in accounting records and compliance with policies.
- Coordinated with Chartered Accountants and auditors for financial statement finalization, internal audits, and resolution of audit queries.
- Oversaw cash flow management, petty cash controls, and daily finance operations, ensuring effective fund utilization and internal controls.
- Supported business expansion activities, including firm formation, annual budgeting, and financial planning initiatives.
- Supervised and trained junior accounting staff, improving process efficiency and ensuring high-quality deliverables
Accounts Assistant
Associated Bulk Movers
05.2010 - 09.2012
- Managed daily bank reconciliations and bank book maintenance, tracking balances and resolving discrepancies across multiple accounts.
- Reconciled company accounts including credit cards, employee expenses, commissions, receivables, and payables, ensuring accuracy and completeness of financial records.
- Handled end-to-end banking operations, including cheque preparation, RTGS/NEFT processing, and coordination with banks for transaction-related activities.
- Maintained books of accounts in Tally, including journal entries, cash vouchers, and regular ledger updates in line with accounting standards.
- Prepared quarterly debtor and creditor aging reports, supporting effective working capital management and follow-ups.
- Monitored accounts receivable and payable cycles, ensuring timely collections and payments.
- Processed payroll for ~30 employees, ensuring accuracy and compliance with statutory requirements.
- Managed tax compliance, including filing of VAT and TDS returns within statutory timelines.
- Supported financial reporting and data accuracy, applying strong analytical and numerical skills across accounting processes.
Accounts Assistant
Perfect Art Promotions
09.2009 - 05.2010
- Managed billing and invoicing as per sales orders, ensuring accuracy in rates, codes, and calculations.
- Maintained customer accounts and order processing, including payment tracking and system updates.
- Handled banking operations and reconciliations, including cheque preparation and RTGS/NEFT transactions.
- Reviewed general ledger entries and managed day-to-day accounting, including petty cash.
- Prepared audit support files and MIS reports in Excel for internal and external requirements.
- Coordinated client interactions and follow-ups, supporting relationship management and pipeline tracking.
Education
B. Com -
Kalinga University
Master Diploma - Computer Applications
Tally Financial Accounting Program ERP - undefined
Tally Academy
H.S.C. - undefined
State Board of Maharashtra
S.S.C. - undefined
State Board of Maharashtra
Skills
Fund Accounting & Portfolio Valuation
Financial Reporting & MIS
Audit Management & Coordination
Process Improvement & Compliance Governance
Team Management & Cross-functional Coordination
Investor & Stakeholder Management
Interests
Traveling, Reading, Music
Timeline
Deputy Manager - Accounts & Finance
IvyCap Ventures Advisors Private Limited
03.2023 - Current
Senior Accounts Manager
Usha Garments Manufacturing Co. Private Limited
01.2022 - 02.2023
Assistant Manager - Accounts & Finance
Adino Telecom Limited
01.2018 - 12.2021
Accounts Manager
Qualitas Lifespaces LLP
09.2012 - 12.2017
Accounts Assistant
Associated Bulk Movers
05.2010 - 09.2012
Accounts Assistant
Perfect Art Promotions
09.2009 - 05.2010
Master Diploma - Computer Applications
Tally Financial Accounting Program ERP - undefined
Tally Academy
H.S.C. - undefined
State Board of Maharashtra
S.S.C. - undefined
State Board of Maharashtra
B. Com -
Kalinga University
Languages
English
Marathi
Hindi
Declaration
I hereby declare that the above written particulars are true and correct to the best of my knowledge and belief.
Soft Skills
- Tally 7.2, 9, ERP9 and Tally Edit Log
- Proficient in Excel
- Worked in SAP & various ERP software
- Certified AI tools
Declaration
I hereby declare that the above written particulars are true and correct to the best of my knowledge and belief.