Amith Simha

Experience

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  K S Ramkumar

  Jun 2010 - Feb 2011

  Account Manager and completed articleship (as per ICAI guidelines)

  • Tax Audits for Individuals and Companies, Concurrent Audits of Banks• Statutory and Internal Audit of various Companies • Various areas of Direct and Indirect taxes such as Wealth Tax, Service Tax and Sales Tax • Statutory compliances with ROC – Incorporation of various companies, Annual Return and Registration for VAT, Service Tax, Professional Tax • Preparation and filing of various statutory returns such as VAT, E-Sugam forms, Professional Tax, Service Tax, E-TDS etc.• As stock auditors of big retail hyper market like Star Bazzar, extracting reports from SAP, analysing and reporting to Statutory Auditors as required.• Drafting of partnership deed and agreements Individuals and Corporates. Show less

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  Ernst & Young J&M Management Consulting GmbH

  Dec 2014 - Mar 2015

  Consultant - Assurance (Financials)

  • In-charge of assuring the statutory compliances and formatting of financials of European companies.• Consolidating the resolutions passed in the various Board meetings, analysing and summarising it.• Reconciliation of bank accounts denominated in different currencies.• Electronic audit of documents using pdf. editing software.

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  Shopmonk

  Jun 2015 - Mar 2016

  Accounts and Finance Executive/Head

  • Setting up process and control checks for maintaining books of accounts, inventory, receivables, statutory compliances.• Core Accounting as per Accounting Standards and ICAI guidelines with a level of expertise in Tally and Quick Books software.• Reconciliation of Profit and Loss and Balance Sheet items.• Preparation of projected and provisional financials based on economic indicators• Preparation of Budgets and Forecasting data of high net worth of Individuals and corporates• Streamlining the reporting process with formulae based approach on excel (such as V-Lookup, H-Lookup, Pivot Tables etc.) and merging the reports and reporting• Implementation of process oriented approach for both favourable and adverse scenarios on variance analysis• Analysing the financials and comparing the key ratios with the previous reporting period to determine the reliability of book keeping• Extracting sales reports, analysing the data and reporting to management on daily basis.• Being the head of finance and accounting of a start-up E-Commerce company my key role is to take financial decisions on adding new product line, human resource management, product pricing, budgeting.• Preparation of the quarterly reports to investors in foreign currency using conversion rates as per Accounting Standard 11. Show less

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  Consero Global LLC

  Mar 2016 - Jun 2020

  Transition Manager (SAS)

  ❖ Initially I was assigned for the transition of new client. During this phase the responsibilities were to understand the business of the client, setting up the process to move data from legacy software (QuickBooks) to Intacct software.❖ Clean-up of books of accounts from legacy. This phase involved clean-up of accounts, legacyaccounts had many anonymous entries posted which had to be identified and reversed/re-classed accordingly.❖ Being a part of delivery team below were my responsibilities:1. Accounts Payable – Processing of AP bills in 3rd party software bill.com where the bills accounted were synced to accounting software where sub-ledger is reconciled.2. General Ledger – Processing of daily Journals which involved bank transactions, credit card transactions, cash accounting and other revenue related entries.3. Month end close – List of month close activities were tracked in a client management software. Part of month end close activities included accruals, deferrals, prepayment releases, depreciation scheduling, intercompany entries and other adjusting entries.4. Cash forecasting – Based on a financial model (Excel) cash forecasting had to be delivered each week to the client.5. Deliverables – Of all the deliverables most important one was month end Financial Pack which had the numbers compared MOM and YTD, comparison of number by various departments, class, categories and different dimensions.6. Variance Analysis – Commenting on the variances for the GLs with various thresholds.❖ Interacting with clients independently by scheduling calls. Once the variance is done the same had to be explained to client over call for the feedback. On getting approval the financials are adopted. Show less

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  CA Sahana and Associates

  Aug 2020 - Jun 2022

  Senior Manager

  ❖ Onboarding the client and understanding the business of the client❖ Bridging the gaps between the legacy process to US GAAP compliant process.❖ Integrating accounting software such as Tally, QBO and Intacct with AP billing and AR invoicing software.❖ Maintaining Books of Accounts of Individuals and Companies as per Indian Accounting Standards.❖ Performing Internal and Statutory Audits of Companies and reporting to Management and statutory Authorities.❖ Worked on various tax related compliances like TDS, Income Tax and Advance tax.❖ Preparation of Budgets and Forecasts of Profit & Loss a/c and Balance Sheet for companies. Show less

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  VentureCount, LLC

  Jun 2022 - Aug 2024

  Team Lead Manager

  ❖ Being a controller, primary responsibility is to keep a smooth flow of processes by coordinating with internal teams like technology, transition, CFO and client.❖ Onboarding new clients. Setting up relevant systems for their line of business.❖ Reassessments of the clients onboarded to assess the change in scope and budget.❖ Cleaning up the books of accounts and brining it in line with US GAAP as per requirements.❖ Imparting training to new members and managing the team for desired output.❖ Have trained entire organization in connection to US GAAP especially ASC 606 (Revenue recognition) and ASC 842 (Lease accounting).❖ Resolving client escalations effectively by identifying the root cause and bridging the gap in the processes.❖ Standardising the templates for Chart of Accounts for QuickBooks and Balance sheet schedules for all the new clients. Show less

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  Consero Global

  Jul 2024 - now

  Financial Services Consultant