SAP FICO
Yogendra Deepak Bhusekar
Chartered Accountant
Ghansoli Navi Mumbai
Summary
Chartered Accountant with over 3 years of experience in Financial Reporting, regulatory compliance, Budgeting and Forecasting, Variance Analysis. Proven track record in optimizing financial procedures and applications leading to improve in reporting accuracy. Adapt at working with cross-functional teams and meeting tight deadlines.
Overview
6
6
years of professional experience
6113
6113
years of post-secondary education
3
3
Languages
Work History
Assistant Manager - Finance & Accounts
Ferring Therapeutics Private Limited
09.2024 - Current
- Skilled in conducting monthly site cost forecasting, leveraging comprehensive reports and dashboards to guide strategic financial decisions.
- Enhanced budget management by closely monitoring departmental costs and identifying cost-saving measures.
- Developed a financial model that improves overall controls on site operational expenditures and capital expenditures, resulting in accurate forecasting.
- Developed a financial model automating key financial data such as the cost of products sold, which helps in analyzing the trend on a month-to-month basis and its financial impact on overall site costs.
- Working in collaboration with the BPO/Global Finance team for month-end closing and reporting as per IFRS, and also ensuring adherence to internal policies and control systems.
- Preparation of local statutory reporting as per Indian GAAP, and managing statutory audits.
- Managing tax books, income tax compliance, transfer pricing compliance, and supporting tax assessments in coordination with consultants and authorities.
- Indirect tax compliance management, including monthly returns, annual returns, and refunds.
Deputy Manager
IG Petrochemicals Limited
11.2023 - 09.2024
- Designed and implemented a monthly trade-spend forecast process that enhanced the visibility of fund accrual, facilitated timely investment decisions, and enabled the company to holistically manage cash sales, resulting in improved realization days from 45 to 42.
- Preparation of overdue statements on a daily basis, which helps in monitoring the average delayed days by the customers, and accordingly calculating the interest cost.
- Discussion with the marketing team for forecasting the sales in terms of local sales, export sales, SEZ sales, and the collections to be received during the period, and designing the provisional cash flow, in turn, helps the management make decisions accordingly.
- Preparing various quarterly updates, which need to be shared with various banks, is required for compliance purposes.
- Preparing a presentation on a monthly basis indicating the product-wise sales trend, product-wise margin, fund utilization for the period, trend of departmental expenditure incurred, average days of inventory, customers and vendors carried, and net opportunity cost incurred.
- Coordinating with the various banks for API integration with the company's ERP systems.
Project Controller
V.R.Sabnis and Associates (Credilio Financial Technologies Private Limited)
04.2023 - 10.2023
- I understood the client's business and mapped the deliverables.
- Assisted with day-to-day operations, working efficiently and productively with all team members.
- Reviewing the payout calculations payable to over 1,000 agents.
- Reviewing the sales invoices raised to the bank.
- Monitoring the cash flow for the business and following up with the banks.
- Handled a team of eight people and maintained a team spirit among them.
- Reviewing the cohorts prepared by the team.
- Reviewing the MIS and presenting it before the management.
Project Controller
V.R.Sabnis and Associates (Transerv Limited)
10.2022 - 03.2023
- Understanding the business of a fintech company engaged in PPI (Prepaid Payment Interface) licensing.
- Scheduled and facilitated meetings between project stakeholders to discuss deliverables, schedules, and conflicts.
- Learned and adapted quickly to new technology and software applications (SAP).
- Verified the quality of deliverables and conformance to specifications before submitting them to clients.
- Demonstrated strong organizational and time-management skills while managing multiple projects.
- Review of financial statements prepared in accordance with accounting standards.
- Reviewing the monthly MIS and presenting it before the management.
Article Assistant
V.R.Sabnis. & Associates
10.2019 - 10.2022
- Analysis of draft financial statements, including notes to accounts.
- Ensuring compliance with accounting standards and applicable laws and regulations.
- Vouching of expense ledgers and invoices, reconciliation of income, depreciation as per Accounting Standard 6, and as per Schedule II of the Companies Act 2013.
- Scrutiny of ledgers, debtors, and creditors reconciliation, verification of BRS, and bank/cash balance.
- Physical verification of fixed assets and closing stock.
- INCOME TAX: Preparation of Forms 3CA, 3CB, and 3CD reports. TDS computations, filing of TDS/TCS returns for various clients.
- Compliance with various sections of the Income Tax Act mentioned in Form 3CD.
- Responsible for bookkeeping, file and document maintenance, maintenance of accounts, and finalization of books for tax audit.
- Preparation of income computations for various assessees (including NRIs) and filing of income tax returns.
- Planning and execution of various statutory audit procedures, including vouching of income and expense items, obtaining debtors, creditors, and bank balance confirmations, various logic tests, etc.
- Handled income tax assessments for various assessees, filed an appeal before the CIT, and represented clients before the Income Tax Department.
- Advising clients on various tax matters.
- INDIRECT TAX: Filing of GSTR-1 and GSTR-3B for various entities. Filed and worked on GST refunds for many export-oriented entities.
- Carried out GST audit and filed GST annual return for various clients.
- Handled service tax notices and GST notices of clients.
- Other Work Handled: Handled Internal Audit for the Indian Navy, Preparation of Financials.
- Handled due diligence for a pharmaceutical company, and conducted due diligence for a pharmaceutical company.
- Prepared projections for the company.
Education
Chartered Accountancy (CA Final) - Finance And Accounts
Institute of Chartered Accountants of India
04.2001 - 05.2022
Bachelor of Commerce - Accounts
R.A. Podar College of Commerce And Economics
Mumbai 04.2001 - 05.2021
Chartered Accountancy (C.A. Inter) - Financial Accounting And Financial Management
Institute of Chartered Accountants of India
04.2001 - 07.2019
Chartered Accountancy (CPT) - Financial Accounting
Institute of Chartered Accountants of India
05-2018
XII H.S.C - Accounting
Mulund College of Commerce
Mumbai03-2018
S.S.C - School
ST. Xavier's High School
Mumbai03-2016
Skills
- Comprehensive financial reporting skills
- Financial variance analysis
- Tax compliance oversight
- Risk evaluation
- Financial budgeting
- Expertise in developing financial models
Accomplishments
- Received 'Employee of the Month' recognition multiple times
- Received 'Article of the Year' Award in 3rd year of articleship
Software
MIcrosoft Navision ERP
DIMA (Data input and Management Application)
Anaplan
Coupa
Tally ERP
Timeline
Assistant Manager - Finance & Accounts
Ferring Therapeutics Private Limited
09.2024 - Current
Deputy Manager
IG Petrochemicals Limited
11.2023 - 09.2024
Project Controller
V.R.Sabnis and Associates (Credilio Financial Technologies Private Limited)
04.2023 - 10.2023
Project Controller
V.R.Sabnis and Associates (Transerv Limited)
10.2022 - 03.2023
Article Assistant
V.R.Sabnis. & Associates
10.2019 - 10.2022
Chartered Accountancy (CA Final) - Finance And Accounts
Institute of Chartered Accountants of India
04.2001 - 05.2022
Bachelor of Commerce - Accounts
R.A. Podar College of Commerce And Economics
04.2001 - 05.2021
Chartered Accountancy (C.A. Inter) - Financial Accounting And Financial Management
Institute of Chartered Accountants of India
04.2001 - 07.2019
Chartered Accountancy (CPT) - Financial Accounting
Institute of Chartered Accountants of India
XII H.S.C - Accounting
Mulund College of Commerce
S.S.C - School
ST. Xavier's High School
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