Accounts Payable Manager | Global Shared Services - Electrolux India Pvt Ltd
(2022-05)
- Lead end-to-end Global Accounts Payable operations within a Shared Services / Global Delivery Model, supporting multiple entities and business units
- Manage a team of up to 15 AP resources, ensuring delivery against defined KPIs, SLAs, and quality targets
- Own AP performance metrics including invoice cycle time, first-pass yield, on-time payment %, vendor query SLA, compliance indicators and FEMA cross border form 145 and 146 validation
- Establish and reinforce a SOX-compliant control framework, including maker-checker controls, segregation of duties, approval hierarchies, and periodic control testing
- Oversee PO and Non-PO invoice processing, including 3-way matching (PO-GRN-Invoice) and exception management
- Drive monthly GST compliance, including ITC eligibility and reconciliation GSTR-2B validation & 3B preparation & filing
- Ensure monthly TDS deduction, challan payments, and accounting entries in compliance with Income Tax regulations
- Prepare, review, and file quarterly TDS returns (24Q, 26Q); manage TDS reconciliations and notices
- Act as primary SPOC for internal audits, statutory audits, tax audits, and SOX audits, ensuring timely submission of schedules, reconciliations, and evidences
- Maintain continuous audit readiness, proactively identifying risks and ensuring timely closure of audit observations
- Partner with global procurement, treasury, controllership, and tax teams to ensure alignment on payment cycles, policies, and cash flow priorities
- Lead process standardization and continuous improvement initiatives, including automation, SOP enhancements, and transition support
- Prepare and present AP MIS, KPI dashboards, ageing analysis, and compliance reports to regional and global leadership
- Invoice processing - Direct and review the daily operations of a high-volume accounts payable department
- Vendor Management - Negotiated and managed financial contracts with vendors and suppliers & Provide oversight over vendor master data, including creation, updates, inactivation and alignment across third party tools/systems ensuring both data integrity and data normalization. Partner with business systems to ensure all financial systems and procure to pay operations are optimized to capture and produce timely and accurate information
- Improvement - Drive continuous improvement efforts by implementing process improvements, technology driven solutions and automation. Evaluated teams skills and knowledge regularly, training, and mentoring individuals with lagging skills
- FA - Identifying new assets, scrapping obsolete ones, and ensuring they're accurately recorded and classified
- Accruals and Prepayments - Recognizing expenses and income in the correct periods
- BS Reconciliation - Ensuring the balances in the general ledger match those in supporting documents
- Audit Support - Supporting the audit process by responding to audit queries and preparing the vital reports
SAP Team lead finance - Middle East Region - Zuellig Pharma SPeacialty Solution India Pvt Ltd
(2019-01 - 2022-04)
SAP Team lead finance - Middle East Region (Jan 2019 - Nov 2021 & Dec 2021 - April 2022). Temporary worked as a senior executive in Bombay Fluid India component.
- GL mapping - Mapped new client's data of Oracle in SAP as per SAP GL codes at Initial stage of migration
- Accounting - Maintained books of Accounts for VFS Middle East entities in SAP
- Intercompany - Managed and settled Intercompany
- BRS - Prepared Monthly bank reconciliation statements
- Reporting - Prepared Monthly business review (MBR) and other reports as per VFS norms for reporting
- Reconciliations - Prepared monthly Revenue Reconciliation, Cleared Vendor Ledgers, Advance adjustments, Currency conversions
- Prepared, reviewed & analysed financial statements including notes to accounts & Cash flow statement in Internal & Statutory audit assignments
- Prepared, filled and reviewed Income Tax, VAT, TDS, GST Returns
- Debtor's and Creditor's Ageing analysis, Preparation & verification of various certificates
- Statutory Compliances prescribed for TDS, Shop & Establishment, Profession Tax & GST
- Accounting of the Expenses, journals, Purchase Sales & audit entries
- Calculation & making TDS Chart Monthly basis & payments
- E-TDS return filling on Quarterly basis
- Assisting senior for reply to TDS notices received from Trace Portal
- FEMA Compliances on receipt and payment of foreign remittances
Audit Assistant - V Singhi & Associates, Chartered Accountants
(2014-07 - 2018-12)
- Prepared, reviewed & analysed financial statements including notes to accounts & Cash flow statement in Internal & Statutory audit assignments
- Prepared, filled and reviewed Income Tax, VAT, TDS, GST Returns
- Debtor's and Creditor's Ageing analysis, Preparation & verification of various certificates
- Statutory Compliances prescribed for TDS, Shop & Establishment, Profession Tax & GST
- Accounting of the Expenses, journals, Purchase Sales & audit entries
- Calculation & making TDS Chart Monthly basis & payments
- E-TDS return filling on Quarterly basis
- Assisting senior for reply to TDS notices received from Trace Portal
- FEMA Compliances on receipt and payment of foreign remittances
- Assessing and filing of income tax returns of Proprietary & Partnership concerns & Private companies
- Familiar with ROC Compliances prescribed for Companies and LLPs under the Companies Act, 2013
- Assistance with documentation requirements to support the representations during the assessment procedures conducted by Income and VAT Authorities
- Familiar in Internal Audits, Statutory audits And Tax audit of various entities to prepare and file audit reports and income tax returns
- Preparation and filing (including e-filing) of required forms and returns with respective Authorities
