Amol Patil
Accounts & Finance
Thane,Maharashtra
Summary
With16 years of successful experience in Accounts & Finance. Recognized consistently for performance excellence and contributions to success in ITsource. Strengths in team management and goal orientation backed by 100% dedication.
Excellent reputation for resolving problems, and driving overall operational improvements. Consistently saved costs while increasing profits. Enthusiastic eager to contribute to team success through hard work, attention to detail and excellent organizational skills. Motivated to learn, grow with and organization.
Overview
1
1
Language
7
7
years of post-secondary education
16
16
years of professional experience
Work History
DGM-Accounts & Finance
ITSource Technologies Limited
Andheri, Maharashtra
01.2007 - Current
- Here in ITSource started with Sr. Accountant in January 2007 and grew gradually with company.
- Supervise accounting department to ensure proper functioning of all systems, databases and financial software.
- Direct all aspects of accounting operations such as receivables, payables, payroll and financial reporting.
- Review and ensure application of appropriate internal controls and financial procedures.
- Ensure timeliness and accuracy of financial and management reporting data for bank, lenders and company’s board of directors.
- Oversee preparation and communication of weekly, monthly and annual financial statements.
- Managing all tax planing, preparation and timely compliance of all local, state, payroll, property, central and other applicable tax returns.
- Work with Human Resources to ensure appropriate legal compliance.
- Managing monthly closing process, constantly reviewing procedures while eliminating inefficiencies.
- Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
- Enhance and implement financial and accounting systems, processes, tools and control systems
- Hire, develop and manage accounting managers and staff
- Serve as key point of contact for external auditors, Manage preparation and support of all external & internal audits.
- Coordinate and strategize methods used to attain team goals with senior management.
- Analyzing company's financial results with respect to profits, trends, costs and compliance with budgets. Issue regular status and ad hoc reports to senior management.
- Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
- Review and analyze monthly financial results and provide recommendations.
- Develop and maintain monthly operating budget and annual company operating budget with help of senior management.
- Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
- Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts.
Provide insight and recommendations to both short-term and long-term growth plan of organization. - Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
- Communicate, engage and interact with Board of Directors, CEO, COO and Executive Leadership Team.
- Select and engage consultants, auditors and lenders.
- Recruit, interview and hire finance, accounting and payroll staff as required.
- Serve as key member of executive leadership team and round table discussion panel.
- Participate in pivotal decisions as they relate to strategic initiatives and operational models.
- Interact with and bring department into line with Board of Directors’ plans, initiatives and recommendations.
- Implement policies, procedures and processes as deemed appropriate by senior leadership team.
- Developing and coordinating all relationships with lending/financial institutions.
- Assisting senior management in financial planning and results management. Work with other team members to understand revenue and cost drivers and define appropriate reports for tracking.
- Coordinating and/or preparing tax schedules, returns and information.
- Managing relationships with insurance providers and ensuring compliance.
- Managing cash flow.
- Building an accounting department as the company grows
- Other finance and administrative duties as required.
Accountant
V. R. Solutions (Accounting & Taxation solutions & Consulting)
Thane, Maharashtra
12.2005 - 12.2006
- Accurately accounting & documentation of all cash, credit, fixed assets, accrued expenses and line of credit transactions of 6 clients, Falcon facility, Supreme Plastic, Prodcon Tech Services, Delight Logistic... with team of three colleagues.
- Reviewed accounting structures and procedures on regular basis to identify areas in need of improvement.
- Reconciled accounts and reviewed all materials, including surplus, income, expense data, net worth and assets.
- Prepared documents, reports and presentations for executives and board members using advanced software proficiencies.
- Managed entire accounting cycle including gathering information, preparing documents, finalizing reports and closing books.
- Collected and arranged financial information and entered details into Tally and other software's financial management system.
- Set up and improved accounting systems and processes to meet business needs and maximize effectiveness of operations.
- Strengthened financial management processes to bring errors to near-zero in reporting, payroll administration and general bookkeeping.
Jr. Accountant
J. B. Vaishampayan & Co
Thane, Maharashtra
03.2005 - 11.2005
- Compiled general ledger entries on short schedule with 100% accuracy.
- Prepared journal entries and entered into system using Tally.
- Reconciled month-end totals for timely and accurate reporting of financial information.
- Prepared and filed tax returns for about 50 clients using tax software.
- Computed taxes owed by applying prescribed rates, laws and regulations.
- Assist senior auditors on annual audits and realized compliance with governmental tax guidelines.
- Assist senior auditors in various banks audits and preparation of monthly, quarterly & yearly audit reports.
Education
MBA - Finance
Chetana's Institute Of Management And Research
Bandra East 07.2010 - 08.2013
Bachelor of Commerce - Accounting And Finance
Adarsh College Of Arts & Commerce
Badlapur East 06.2000 - 03.2004
Skills
Team management
Accomplishments
- Successfully completed vast duediligence of companies public issue as compliance officer and filled DRHP.
- Http://www.moneycontrol.com/news_html_files/pdffiles/sep2011/ITsource.pdf
- Used Microsoft Excel to develop inventory tracking spreadsheets & various other reports.
- Collaborated with team of 8 to 10 in the development of two softwers for internal use of company.
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
MBA - Finance
Chetana's Institute Of Management And Research
07.2010 - 08.2013
DGM-Accounts & Finance
ITSource Technologies Limited
01.2007 - Current
Accountant
V. R. Solutions (Accounting & Taxation solutions & Consulting)
12.2005 - 12.2006
Jr. Accountant
J. B. Vaishampayan & Co
03.2005 - 11.2005
Bachelor of Commerce - Accounting And Finance
Adarsh College Of Arts & Commerce
06.2000 - 03.2004
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