Vikas Pal
Nagpur,maharashtra
Summary
Dedicated and results-driven Dy. Manager F&A with a proven track record of optimizing financial processes and driving profitability. Seeking to leverage in expertise in financial analysis, forecasting, and budgeting to contribute to a dynamic organization. Committed to delivering high-quality work and exceeding expectations in a fast-paced environment. Proactive manager with demonstrated leadership abilities, strategic planning expertise and problem-solving acumen. Assists senior managers with accomplishing demanding targets by encouraging staff and coordinating resources.
Overview
13
13
years of professional experience
Work History
Dy. Manager F&A
Mahindra and mahindra Ltd
06.2022 - Current
- Led a team of finance professionals in performing monthly financial close activities, ensuring accuracy and timeliness in reporting financial results to senior management
- Developed and implemented internal controls to ensure compliance with regulatory requirements, reducing the risk of financial fraud and errors
- Collaborated with cross-functional teams to streamline financial processes, resulting in improved financial transparency and reporting accuracy
- Led a team of financial analysts to streamline budgeting and forecasting processes, resulting in a 15% increase in accuracy and efficiency
- Collaborated with cross-functional teams to develop financial strategies and drive overall business growth
- Conducted regular financial analysis and reporting to senior management, providing actionable insights for decision-making and strategic planning
- Prepare audit schedules Quarterly basis and assist the auditor
- Account books Month-end and quarter-end close reporting processes, with a focus on accuracy and process improvement
- Suggest innovative ideas and take initiative to automate the process
- Responsible for Accounts Payable
- Coordinate with GBS team on daily basis to monitor the Invoice Booking Status, resolve query related to invoices
- Vendor Advance processing & tracking, Ensure timely Import Payment
- Monitoring GRIR ageing, DFC clearing
- Property Accounting - CWIP follow-up, AUC Settlement and Capitalization as per Local & US GAAP & reporting
- Monthly review of CWIP with project & Engineering team, Capitalization of Assets
- Month closing & reporting activity related to profile- Accounts payable, Capex
- Providing information related to Capex Project to various stake holder
- Conduct periodic physical counts of fixed assets
- Handling the end-to-end physical verification process as per the fixed assets guidelines
- Projects Release and monitoring the Regular payments to vendors and arrange the fund with the coordinate of head office
- Project contract reconciliation with Vendors
- Following up on assets under construction and documenting the reasons for delay, prepare ageing report
- Capital Project monitoring
- Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets
- Recommend to management any updates to accounting policies related to fixed assets
- Record fixed asset acquisitions and dispositions in the accounting system
- Calculate asset depreciation, retirement & obsolescence obligations for
- Developed strong relationships with stakeholders to facilitate smooth communication and project completion.
- Enhanced employee performance by providing regular feedback, coaching, and training opportunities.
Expert Consultant for SAP Accounting / (Finance and Account)
Maharashtra State Power Generation company Ltd
06.2013 - 06.2022
- Working in 3X660MW power generation expansion project, project cost of Rs.14000.00 Cr
- Key result: - Implementation SAP FICO module
- Knowledge of switchover to ERP SAP FICO Module from non-real time
- Control over the one of biggest super critical power plant project accounting amount Rs
- Rs.15890/-Cr and their contract closing note
- Control on Capex Billed booking in SAP, Audit the expenditure of plant and finalize net payment after statutory deduction to all vendors including (L&T Ltd
- And
- Preparing MIS, Managing Plant Accounting, Financial Planning, Monitoring and reporting of financial performance of the unit
- Providing timely and accurate analysis of Budgets & Financial reports to the senior management
- Controlling about Power & Fuel / Repair & Maintenance Expenses and C&C Expenses
- Reporting on Internal Financial Control for better fraud risk Management
- Monthly GST data preparation under proper classification (I.e.,supply/service, IGST, SGST, CGST) for monthly return
- Internal Audit of various work order & estimation (PO/ PR)
- Finalize monthly statutory Direct tax liability and payment to the tax department
- Responsibility to attended Statutory and internal auditors and compliance their queries
- Annually closer Annul final account (BS/ P&L) Statement since last 6 year in respect of Maharashtra State Power Generation company Ltd (Nagpur)(Project/Civil) & rectification of G/L where as necessary
- Reconciliation of Trail balances G/Ls
- Asset capitalization of plant in SAP FICO Amount of Rs.15890/-Cr
- Prepare the plant cost to be capitalized for (MERC Statutory audit) to create fixed asset & identified individual capitalization cost of each unit and asset wise
- On the basis cost of asset capitalized Maharashtra government fixed the tariff rate of electricity
- Generating report from SAP to analysis plant accounting as per standard & their effect month to month and rectified where as necessary
- Clearing past two-year Backlog entry of project plant Accounting (Rs.2600Crores GR/IR) in SAP and reconcile all account head with book of account which is helpful to
- Maintaining plant purchase register of (for last 5 financial year and reconcile total expenditure with individual expenditure head, and successfully claim MVAT Setoff refund.
Cost and Management Trainee
Food Co-corporation of India
06.2011 - 12.2011
- Individually solve more than, Rs.4/- core income tax penalty liability issue by income tax commissioner (Maharashtra Nagpur.) Establish foundation of reverse-charge mechanism of Service tax from service tax registration till the finalize service tax liability
- Handling tax matter
- Maintaining stock cost details
Article Assistance
Agrawal, Jain & Bardiya &CO., Nagpur
06.2011 - 12.2011
- Statutory Audit of Banks & various manufacturing and trading concerns
- Internal Audit of, Schools, Colleges, Sansthas, etc
- Income tax return preparation and filing them electronically
- Handling and maintaining accounts up to finalization for various
- Proprietorships and partnership firms.
Education
CMA Final | 4th group passed ,3rd is pending. -
The Institute of Cost Accountant of India.
Nagpur, IndiaCMA inter - Cost And Management Accountant
The Institute of Cost Accountant of India
Nagpur08.2011
Finance | BBA -
Nagpur University
Nagpur, India03.2009
Skills
- Financial analysis
- Budget management
- SAP Fico module Accounting 11 years of experience
- Tally 90
- Asset Management
- Micro soft excel
- Strategic financial planning
- Strong analytical skills
- Team leadership
- Financial reporting
- Process improvement
Personal Information
- Date of Birth: 07/07/1988
- Nationality: Indian
Hobbies and Interests
- Exploring distant lands
- Getting lost in a good book
- Capturing moments
- Feeling the music
- Every kind of sport
Timeline
Dy. Manager F&A
Mahindra and mahindra Ltd
06.2022 - Current
Expert Consultant for SAP Accounting / (Finance and Account)
Maharashtra State Power Generation company Ltd
06.2013 - 06.2022
Cost and Management Trainee
Food Co-corporation of India
06.2011 - 12.2011
Article Assistance
Agrawal, Jain & Bardiya &CO., Nagpur
06.2011 - 12.2011
CMA Final | 4th group passed ,3rd is pending. -
The Institute of Cost Accountant of India.
CMA inter - Cost And Management Accountant
The Institute of Cost Accountant of India
Finance | BBA -
Nagpur University
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