Ishaan Chopra

Accounts Assistant — O2C & Treasury at Varel Energy Solutions (US-based Company) - Sledgehammer Oil Tools Pvt. Ltd. (2024-10 – Present)

Processed and managed 500+ customer invoices per month in SAP, ensuring high accuracy and timely dispatch to clients.
Reduced Accounts Receivable (AR) aging by 15% through proactive follow-ups, collection strategies, and timely escalation of overdue accounts.
Performed customer account reconciliations, investigated billing discrepancies, and collaborated with cross-functional teams for prompt resolution.
Generated and analyzed AR Aging Reports and DSO metrics, contributing to a 20% reduction in overdue receivables.
Supported internal and external audits by maintaining accurate AR records, documentation, and compliance-related reports.
Managed EDPMS/IDPMS transactions and documentation, ensuring full compliance with RBI export realization and reporting requirements.
Demonstrated strong knowledge of FEMA regulations, RBI guidelines, and foreign exchange compliance processes.
Handled inward remittances, including purpose code mapping, transaction verification, and regulatory compliance as per RBI guidelines.
Coordinated with banks, customers, and internal stakeholders to ensure timely receipt and reconciliation of export proceeds.
Maintained accurate records of foreign currency transactions and supported regulatory reporting requirements.

Accounts Executive at Friends Industries (2022-05 – 2024-10)

Managed end-to-end Accounts Receivable (AR) operations, including invoicing, collections, customer account management, and payment follow-ups.
Ensured compliance with GST, TDS, and GST-TDS regulations while processing customer transactions and invoices.
Monitored aging reports and coordinated with customers for timely collections, improving cash flow and reducing overdue receivables.
Performed account reconciliations, revenue accounting, month-end closing activities, and provisions for doubtful debts.
Generated and processed tax invoices, credit notes, debit notes, and other customer-related financial documents.
Prepared and reviewed Bank Reconciliation Statements (BRS) to ensure accuracy of bank and cash balances.
Managed Letter of Credit (LC) and Bank Guarantee (BG) operations, including documentation review, amendments, discrepancy resolution, and bank coordination.

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