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  Hanmant Subhashrao Waghmode

  Current Location: India

  •  Accountant
  • Profile Created Date:29 Mar 2020

Description

Employment History

 

 

SN                                                              

Organization                                           Reputed Company

Nature of Business                                Packaging Machine Mfg.

Duration                                                  September to till Date

Location                                                   Pune

Designation                                              Accounts & Commercial Manager

 

SN                                                             

Organization                                            Johnson Controls Marine & Refrigeration India Ltd. 

Nature of Business                                Project Mfg. –Industrial Engineering

Duration                                                  January to August

Location                                                   Pune

Designation                                              Sr Executive Excise 

 

SN                                                             

Organization                                           Ultra Engineers

Nature of Business                                Forging

Duration                                                  April to January

Location                                                   Pune

Designation                                              Executive Excise & Exim (Team Leader)

 

 

SN                                                             

Organization                                           Hager Electro Pvt Ltd.

Nature of Business                                Electrical

Duration                                                  June to March

Location                                                   Pune

Designation                                              Executive Excise & Exim (Team Leader)

 

SN                                                             

Organization                                           York India Ltd

Nature of Business                                Project Mfg. –Industrial Engineering

Duration                                                  December to June

Location                                                   Pune

Designation                                            Sr.  Executive Excise 

 

 

SN                                                             

Organization                                          Bajaj Electricals Ltd.

Nature of Business                                Electrical

Duration                                                  July to December

Location                                                   Pune

Designation                                            Excise Executive Assistant

 

 

 

 

 

Summary of Professional Experience

 

Currently working with Nichrome India Ltd which is Packaging machine manufacturing industries. Its India operation is manage from Pune India.

 

Finance - Accounts & Commercial Manager.

 

Presenting a true and fair view of the financial position of the company by preparing financial statements viz, P&L Account, Balance Sheet and Annual reports.

Successful year end closing & opening in Microsoft dynamix ERP

Monitoring and supervising debtors’ statements /collections; involved in monitoring creditors account.

Vendor Management

Research & Development accounting.

Monitoring foreign Exchange Transaction for Capital Expenditure and Revenue Expenditure and Foreign earnings .Bank Guarantees and Letter of Credits.

Preparing Executive Information reports to provide feedback to top management on financial performance, inventory and receivables management viz. fund management and aging analysis.

Contributing in the preparation Budgets and Annual Business Plan, and MIS for Board.

Coordinating Statutory, Tax audit, Conducting verification of various books of accounts to detect any possible fraud and ensuring that accounts prepared conform to accounting standards.

Statutory Compliance- Ensuring compliance to the govt. rules and regulations as laid down by statutory authorities’ viz Income Tax, GST, Excise & Service Tax, Exim, Provident Fund and VAT department.

Operations Management - Working Capital Management, Co-coordinating with Legal for agreements

Preparation of Project Report and CMA for Bank finance, Bank management & rating agency.

Commercial management.

Prepare and present monthly MIS/KPI result for the divisions.

Monitor & scrutinized expenses for factory and ensure correct allocation of common expenses.

Present detail Expenses analysis on travelling, Overtime, Repair & maintenance, Logistic cost to management team on monthly bases.  

Evaluating quarterly internal control monitoring for vendor invoice.

 

 

Investment/Fix Asset.

 

Ensure proper authorization in place for purchases/disposal asset.

Monitoring actual/forecast capital expenditure vs approved budget with project owner.

Ensure proper booking of capital expenses and capitalization is done on time.

 

Inventory Management:

Conduct periodical physical inventory count and finish good valuation.

Present loss order analysis to management for future orders.

Evaluated actual manufacturing costs and prepared periodic reports comparing actual costs to budgeted production costs

Work with the manufacturing team to analyze manufacturing operations, to identifying opportunities for Cost Reduction

Provide write down provision for raw material, FG and spare part as per company policy.

Monthly follow-up with market company/sales team for liquidation of FG.

Validate the cost of goods sold as part of the yearend closing activity.

 

 

 

 

 

 

 

 

 

 

 

Nationality : India


Residential country : india


Date of birth : 21-06-1983

Address : Flat No., Avvenes, //, MIDC Pipe road, Ganesh Nagar, Ravet


Language: English


Language Known

Hindi

Marathi

Skills

    Achievement

     

    Nichrome India Ltd

     

    Inventory management, financial reporting and policy implemented successfully & got appreciation.

     

    New ERP Microsoft dynamix System implemented successfully & got appreciation.

     

     

    Ultra Engineers

     

    Indirect Tax, Exim procedure set as per company policy & legal complained.

     

    No’s of EPCG & Advance License Redeemed successfully.

     

    Hager Electro Pvt Ltd

     

    Import Consignment Lead time reduce & Customs Clearance made within a two days.

     

    Negotiation done the Successfully with CHA, Warehouse Sales Target gets % OTD.

     

    York India Ltd (JOHNSON CONTROLS).

     

    Refund Claims against EPCG Dispatches & get the cheque successfully.

     

    To follow the Strictly DOJ Policy (Department of Justice Singapore Audit, SOX Audit)

     

    All LC against dispatches made successful & get the payments easy for the same.

     

     

    Functional competence

     

    Proficiency with accounting software and currently working on Microsoft dynamix

    Knowledge of finance, accounting, budgeting, cost accounting & Internal control

    Creative thinking skills and ability to solve problems

    Strong presentation skills, able to explain concepts concisely and accurately

    Define, benchmark and implement operational best practices

    Work with all department heads to ensure maximum profitability

    Oversee payments of all accounts; ensuring all accounts are paid on time, for debts, bank loans, and other large quantities of money

    Address potential risk, analyses and provide remedial actions

    Manage finance team, support, train and monitor if all process are effective and efficient

    Financial Due diligence and internal controls / SOX compliance

    Participate, exercise responsibilities and properly implement the decisions made by relevant committees, Senior Management and Board of Directors of MSBIC

    Knowledge in Indian GAAP.

    Strong managerial, interpersonal, communication and project management skills

    Ensure compliance of the applicable Accounting Standards and regulatory rules and regulations as well as internal policies and requirements

    Excellent personal time management, prioritization and deadline adherence

    Compliance with all internal and external reporting policies, including tax compliance

    Planning, Budgeting and Forecasting – Prepare annual budget, quarterly forecasts and mid-range plans covering P&L and Cash in close coordination with Distribution and Production operations. This includes detailed analysis and communication of performance versus plan, and business strategy support. Identify and communicate relevant risks and opportunities.

    Strategic Management.

    Adherence to and improvement in corporate policies & Procedures.

     

    Professional and personal trades

    Team Player, continuous improvement & good analytical approach

    Problem solver on time and work under pressure.

    Quick learner and understand production process

    Follow three aspects “Trust, integrity and transparency”

     

     

    Objective

     

    My major strength is ability to get along with people, sincere & hard working nature. Willingness to accept responsibility and ability to motivate colleagues to achieve excellence.

Education

2005

B.Com from Pune University University

India

Career

09/2014 - /

Position: Accounts & Commercial Manager

Employer: Reputed Company

Country: India

01/2013 - 08/2014

Position: Sr Executive Excise

Employer: Johnson Controls Marine & Refrigeration India Ltd.

Country: India

04/2012 - 01/2013

Position: Executive Excise

Employer: Ultra Engineers

Country: India

06/2011 - 03/2012

Position: Executive Excise

Employer: Hager Electro Pvt Ltd.

Country: India

12/2007 - 06/2011

Position: Sr Executive Excise

Employer: York India Ltd.

Country: India

07/2006 - 12/2007

Position: Excise Executive Assistant

Employer: Bajaj Electricals Ltd.

Country: India

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