Praveen Kumar

Results-driven Finance Professional with 17+ years of experience in Accounts Receivable, Accounts Payable, Sales Accounting, and Financial Operations across Pharma and FMCG sectors.

Currently Deputy Manager

Accounts (AR) at Hamdard Laboratories India managing Pan-India sales accounting, CFA operations, and Wellness Centre accounting in SAP S/4HANA environment. Proven expertise in month-end closing, debtor aging, bank reconciliation, MIS reporting, scheme management, and audit compliance. Adept at driving collection efficiency, streamlining processes, and collaborating with cross-functional teams to ensure accurate financial reporting.

Deputy Manager Accounts (Accounts Receivable) at Hamdard Laboratories India (2013-06 – Present)

SAP Environment

• Manage Pan-India sales accounting for Medicine Division, overseeing revenue recognition and reconciliation for 50+ CFA locations.
• Lead accounting and operational expense control for CFA network and Wellness Centres; monitor customer accounting and ensure compliance.
• Prepare and analyze monthly debtor aging reports, reducing overdue receivables through proactive follow-ups with sales and CFA teams.
• Process and verify CFA commission calculations for Pan-India network; prepare and authorize debit/credit notes and journal entries.
• Drive sales closing cycle on 10th, 20th, and 30th of every month in coordination with Sales, Supply Chain, and CFA teams.
• Resolve collection discrepancies related to virtual bank transfers by liaising with banks, sales team, and CFAs; ensured timely credit in SAP.
• Manage scheme accounting: validate that all trade schemes, on-target incentives, and promotional credit notes are correctly mapped to SAP invoices.
• Perform monthly bank reconciliation for all CFA bank accounts and main corporate accounts; update daily transactions.
• Conduct monthly stock and factory reconciliation for Okhla and Ghaziabad units in coordination with auditors.
• Prepare scheme-related MIS reports for management review; support statutory and internal audits with timely data.

Sr. Executive Accounts (AR & AP) at Ozone Pharmaceuticals Ltd. (2011-03 – 2013-06)

ERP & TCS Software

• Handled accounts receivable and payable, including vendor/customer reconciliations, fortnightly aging, and overdue follow-ups.
• Reduced collection cycle by issuing legal notices for bounced cheques and overdue payments and pursuing legal cases where required.
• Prepared daily collection and cheque dishonor reports to identify shortfalls and implement corrective actions.
• Managed monthly closure of AR/AP for P&L and balance sheet preparation; calculated and paid TDS, Service Tax, and Sales Tax.
• Reconciled factory operations for Baddi and Guwahati units; performed monthly bank and stock reconciliations.

Executive Accounts at G4S Security Systems (I) Pvt. Ltd. (2007-04 – 2011-03)

ERP & Tally

• Managed domestic AR/AP for Delhi/NCR region; authorized staff imprest, contractor bills, and vendor payments per payment cycles.
• Prepared and filed Sales Tax returns for Haryana and Delhi; handled TDS and Service Tax compliance.
• Prepared weekly and monthly MIS reports for management and ensured audit-ready documentation in SAP for statutory/internal audits.
• Maintained statutory books of accounts and financial statements ensuring smooth business operations.

M.Com & B.Com – Maharshi Dayanand University, Rohtak

PGDBA in Finance – Symbiosis University