Sidharth Bajaj

Experience

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  Omax Autos Ltd.

  Jul 2012 - Oct 2013

  Finance Executive

  • Booking all kind of vendor invoices PO/Non PO based in SAP.• Book all received payments in SAP. And debit the customers in case of cheque bouncing.• Handling the petty cash book in factory and book the vouchers in SAP.• Handling the vendor reconciliation.• Handling vendor rate revision working (Price variance in PO) and book debit note and credit note in SAP.• Making summarized MIS reports : provision Vs actual expense booked , monthly sale report business wise and share the same to all business heads.• Taking monthly provision from product heads for all kind of unpaid vendor bills.• Maintaining and floating the Form “C” Tracker.• Assistance in audit activities. Show less

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  Bata India Limited

  Oct 2013 - Sept 2015

  Account Officer

  • Credit Controlling : Handling the customer credit limit enhancement, issue credit limit as per request.• Preparing the bank recon. on daily basis and forwarding the confirmation to user to clear open balance.• Scheme Management : Taking care of credit note issue to customers under special scheme.• Taking care of incentives of sales personals, depot expense, and T&E expense.• Assistance in audit activity.• MIS reporting : Bank recon. of collections and payment, Cheque bounce report and issue debit note to customers.• Prepare reconciliation for customers every quarter and submit to supervisor.• Handling the local vendor booking and their payments as per due date.• Keeping month end provisions of petty cash, pending bills, freight bills etc.• Ensuring the closing activities (Inter company recon., GIT etc.) Show less

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  Avery Dennison

  Oct 2015 - May 2017

  Finance Executive

  • Inspected both PO and Non-PO related invoices and managed the accurate and timely processing of up to 600-700 invoices weekly.• Thoroughly check the employee travel and entertainment (T&E) expense as per the company travel policy and process the same through CONCUR. • Managing the weekly payment run of local and foreign payments. Paying vendors by monitoring discount opportunities.• Maintain the vendor master like Creating new suppliers, updating bank details and payment terms in ERP.• Serving as a liaison between vendors and branch locations for dispute resolution.• Reviewing monthly A/P aging reports to ensure vendors are paid within terms.• Providing monthly reports to management; turn back report, price and quantity variance report.• Prepare monthly account reconciliation and uploaded the same in Omni Flow.• Work as a helping hand of my manager in audits, prepare ad hoc reports and assist the auditors in their inquiries.• Perform closing and monthly activities (Inter-company reconciliation, SL-GL reconciliation; AP revaluation, GRNI reconciliation; Goods in transit accrual –Inter Company; Goods in transit accrual – Trade). Show less

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  Carrier Airconditioning & Refrigeration (Carrier India)

  May 2017 - Mar 2021

  Senior Finance Executive

  •Lead the team of four employees, which consist of Accounts Payable Representatives and Accounts Payable Coordinators who takes care of invoice processing of about 1100-1200 per week.•Responsible for thoroughly checking and posting all the invoices that are processed by the team before payments.•Responsible to ensure timely and accurate payments to vendors or employees for seven different businesses.•Ensure the company takes advantage of early pay discounts while effectively managing cash flow from payable perspective.•Held accountable for the day to day operation, achieved strategic/operational objectives of the department.•Working closely with vendors to reconcile the open items time to time and solved their open queries. •Reconcile various balance sheet accounts like (Advance to suppliers, Security deposits, IT accrued, creditor payable and prepaid insurance).•Prepare audit schedules relating to accounts payable, and assist the auditors in their inquiries.•Formulate various MIS reports i.e. Open GR, Monthly turn back MIS, Unadjusted provisions, etc. and circulate with all business heads. Do meetings with business heads to clear lingering issues.•Performed month end closing of accounts payable (expense accrual entries, MSME accruals, write off the prepaid balances of IT, insurance & other expense, Freight Provision, C&F Provision, A&P provision , cross charge to other entities, etc).•Preparation of SG&A variance analysis at every month end and submit to finance controller and finance head. Show less

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  Samsung Electronics

  Apr 2021 - now

  Assistant Manager

  Accounts Payables (AP) : Ensure accurate invoice processing by team and meet SLA, Verifying Vendor pay-outs, preparation of Creditors and presentation, Coordination Provisions reconciliation, producing monthly MIS and to ensure timely/accurate processing of vendor payments and employees reimbursement bills.Accounts Receivables (AR) : Ensure timely processing payment in customers account and clear the due Invoices, Following Up for collection of payments for due invoices from department heads, Float weekly MIS AR and overdue aging, Arrange quarterly balance confirmations from customers.Expense Analysis: Preparation of expense variance analysis reports to review major variances versus Budget/last Month expense incurred and analyse the differences for correctness and accuracy.Fixed Asset Accounting: Oversee Asset accounting with respect to the correct class of assets, depreciation rates etc.Balance sheet account reconciliation/review (Creditor, Prepaid, Advances Schedules and Accruals) and Vendor reconciliations.Creation, review and manage Quarterly fund requests.Supervision of Internal control process with efficiently leading Statutory/Internal Audit closure as per pre-defined.Identify the opportunities of automating the reports, snapshots and dashboards using pivot tables, pivot charts and other techniques.Export-Import documentation followed with compliance.Actively participate in strategic initiatives and special projects when assigned or required. Balance regular monthly tasks with frequent ad-hoc requirements.Vendor relationship management- Interacting with internal customers & external vendors to continuously Participate, Accelerate, and Innovate Control. Show less