Sushil Bhattarai FCCA

Experience

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  IMU & Associates │ Chartered Accountants

  Jul 2012 - Jun 2015

  Internal Auditor

  •Conducted internal audit of Mirmire-micro finance and development bank as a team leader for 2 yrs.•Conducted internal audit of of nepal Aawas finance company limited for 2 yrs.•Review the reports required to be submitted by the “C” & “D” Class institution to the Nepal rastra bank inspection & supervision Department for any discrepancies and fraudulent reporting.•Looked after the accounting of Kantipur & chang carpet industries private limited for the period of 3 months.•Prepare tax reports, VAT, TDS, Income tax return filing and arrange for the tax payment to tax office.•Prepare the business projection reports for business expansion of clients. Show less

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  Samsung India

  Nov 2015 - Oct 2018

  •Preparation of bank reconciliation, AP & AR reconciliation, fund flow statement on monthly basis.•Liaison with sales, marketing and admin team for budget preparation. Perform variance analysis report to management. •Conduct quarterly fixed assets physical verification, report on discrepancies and take appropriate action plans.•Assist payroll processing function which involve computation of salaries, tax, attendance, leave, gratuity and filing of employee remuneration tax, PF, CIT, TDS and other statutory returns. •Preparation of VAT liability and timely deposit and filing of VAT in Revenue office.•Review and suggest statutory compliance applicable on marketing and sales deduction schemes proposal from respective team.•Work as center for head office and branch office requirement for reporting purpose.•Prepare a guideline/SOP for the grey areas and share it with management for the implementation.•Liaison with statutory & internal auditors. Also, arrange audit schedule. •Co-ordinate with bank to assure additional benefits in terms of trade operation for Samsung Nepal partners. (Initiation of stand-by letter of credit facility (SBLC) for customer in Nepal)•Co-ordinate with the sample clearing agent and custom official for easy and timely release of sample sets. •Monitor the sample inventory operation of the branch.•Co-ordinate with Bhutan customer in regard to the marketing claim submission and timely release of their payments. Show less •Check admin expense,employees biz trip claim and ensure payment on time.•Liaison with the statutory and internal auditors for completion of yearly and quarterly audit.•Facilitate with the necessary information and action plan during the partners review being conducted by RHQ. •Conduct quarterly fixed assets physical verification, report on discrepancies and take appropriate action plan.•Perform monthly customer balance and quarterly vendor balance reconciliation.•Liaison with marketing team during the monthly sales and marketing expense forecast. Also upload the same in SAP.•Prepare and finalize the forecast for admin related expense in monthly basis.•Look after different marketing claim and ensure timely release of fund to Partners.•Prepare the financial statements and filing of annual and monthly tax reports to the tax authorities. •Prepare the monthly expense report and request funds for branch operation.•Discuss and coordinate with bank to assure additional benefits in terms of trade business operation for our partner.•Coordinate with the sample clearing agent and custom officials for hassle free release of sample set. •Management of sample inventory operation of the branch.•Coordinate and guide the overseas customer in regards to the marketing claims and payments.•Actively involve in preparing and submitting different report to the RHQ monthly, quarterly and adhoc basis. Show less

  • Assistant Finance Manager

    Mar 2018 - Oct 2018

  • Senior Finance Executive

    Nov 2015 - Mar 2018
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  Daraz

  Oct 2018 - Mar 2021

  Finance Manager

  •Handle more than 6000 seller's base, ensure the timely release of trade payment - twice a month, Yearly payment of $12 Million.•Manage the buyer refund, Initiated the process of daily refund payment, yearly refund payment of $ 0.6 Million.•Closely worked with business acquisition team and regional finance team to streamline the seller’s registration process (Limitation of multiple shop creation under same PAN, closely monitored seller’s transactions > 5 million, Seller’s with personal bank details)•Lead the buyer refund improvement project. Payment partner Alipay, Nabil Bank, Visa, Master card online payment ecosystem. Timeline analysis conducted on each partner refund processing efficiency. Reduce the timeline of refund by 1 day.•Closely worked with Marketplace operation team to set a process on handling the seller claims, set KPI for timely respond, review and revise the claim decision matrix, prepared a FAQ •Review the commission rates based on product margin, market practices and proposal shared on revised rates for the current and new assortments to management.•Standardized and streamlined the process on Inventory (packaging materials) purchase, consumption, cost analysis, credit periods negotiation.•Closely worked with BI team to develop and automate dashboard on core revenue (commission & shipping revenue) for the received orders.•Analysis of sellers aging report and prepare a plan to recover the negative (receivable) seller balance aging > 180 days.•Prepare a fund forecast report on a bi monthly basis. Fund shortfall in forthcoming period affecting the trade payments are highlighted to the receivable team. Fund request from parent company are deferred in case of surplus.•Liaison with relevant stakeholder’s - regional finance team, statutory auditors, tax officers, Department of commerce, supplies and customer protection management.•Liaison with bank/FIs to support the working capital need of the sellers listed in Daraz (SME Financing). Show less

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  Sastodeal

  Sept 2021 - Jul 2023

  Handling Commercial, Operational & Reporting Finance

  • Head Finance Controlling

    Jan 2023 - Jul 2023

  • Finance Manager

    Sept 2021 - Feb 2023
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  Sujan Bhattarai & Associates, Chartered Accountants

  Aug 2023 - now

  Advisory