Nilesh Barsing

Experience

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  Thakare & Company

  Dec 1999 - Mar 2006

  Senior Accountant

  ★ Financial and Accounting Management: Managed financial and accounting functions to ensure smooth operations and compliance with regulatory standards.★ Statutory Audits: Coordinated and facilitated statutory audits to ensure that all financial records and statements were accurate, complete, and compliant with regulatory requirements.

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  CLEARSHIP FORWARDERS PRIVATE LIMITED

  Apr 2006 - Dec 2007

  Assistant Manager Accounting

  ★ Corporate Account Leadership: Led the corporate account team, driving financial excellence and operational efficiency through key responsibilities such as budgeting, forecasting, and process optimization.★ Treasury Management: Successfully managed treasury functions, ensuring effective cash flow management, banking interactions, and financial transactions to optimize liquidity.★ Service Tax Management: Managed Service Tax obligations, ensuring adherence to regulatory requirements and compliance with tax laws to avoid any penalties or discrepancies. Show less

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  UPS

  Jan 2008 - Aug 2024

  ★ Billing: Spearheaded billing cycles for US and EU regions, ensuring flawless accuracy and timely execution. Eliminated discrepancies and delays through meticulous attention to detail.★ Transformation Leadership: Led cross-functional teams to transform financial processes and operations, achieving an 11% year-on-year growth in production and generating significant cost savings.★ Process Optimization: Implemented best practices and innovative solutions to optimize financial operations, resulting in a 19% improvement in billing quality.★ Global Shared Services Management: Successfully transitioned multiple projects from the US and EU to India, ensuring seamless operational continuity.★ Performance Metrics & KPIs: Developed performance dashboards and KPIs to drive actions and provide visibility to teams and users of accounting services.★ Stakeholder Engagement: Built strong relationships with key customers and stakeholders, resulting in new business opportunities.★ Leadership & Team Management: Led a 125-member team, providing guidance, training, and support to enhance efficiency. Fostered a culture of excellence through clear goal-setting, feedback, and performance recognition. Show less ★ US Accounts Receivable Process: Directed the US Accounts Receivable process, overseeing a team of 160 employees, to achieve impeccable accuracy and timely payment applications. Orchestrated seamless collaboration with internal teams and customers to drive operational excellence and workflow efficiency.★ Service Level Agreements (SLAs): Pioneered SLA improvements for Cash Application, achieving a 99% completion rate within 72 hours. This enhanced productivity and significantly reduced costs.★ Accounts Receivable Optimization: Streamlined AR processes by reducing invoice cash application time, leading to an enhanced customer experience and cost reduction.★ Collaboration & Continuous Improvement: Collaborated with cross-functional teams to drive continuous improvement initiatives and foster a culture of excellence.★ Overpayment Identification & Resolution: Proactively identified potential overpayments, conducted thorough investigations, and collaborated with customers, banks, and internal stakeholders to resolve issues promptly.★ Customer Communication: Served as the primary contact for AR inquiries, providing clear explanations on payment applications, overpayments, and invoicing to enhance customer understanding and satisfaction. Show less ★ Billing Discrepancy Resolution: Identified, investigated, and resolved billing discrepancies through the Rebate Resolution Process. Collaborated with internal teams to ensure accurate resolutions and provided clear explanations and updates to customers.★ Customer Incentives: Calculated and managed the payout of contractual incentives to customers in accordance with agreed business terms, ensuring accuracy and compliance.★ Guaranteed Service Refunds: Calculated refunds for service failures based on contractual agreements and processed payments promptly to customers.★ Accrual Processes Improvement: Improved accrual processes through mentorship and guidance, ensuring alignment with corporate reporting standards and enhancing General Ledger (G/L) impact.★ Compliance & Audits: Led SOX, corporate audits, and Deloitte audits with no critical exceptions or findings. Fostered a culture of compliance across all functions. Show less ★ Global Business Services Setup: Played a pivotal role in setting up a Global Business Services site with 700 FTEs in a SEZ at Pune.★ Financial System Implementation: Established and implemented the entire Financial and Accounting (F&A) system for a new entity, ensuring full regulatory compliance.★ Payroll Management: Ensured accurate and timely payroll processing for local employees and expatriates, adhering to labor laws, regulations, and international standards. Managed complex payroll requirements including tax compliance, benefits administration, and statutory deductions. Coordinated with HR teams to resolve payroll discrepancies promptly.★ Audit Management: Coordinated statutory audits to ensure accurate, complete, and compliant financial records and statements.★ General Ledger Reconciliation: Ensured the accuracy and integrity of financial records through thorough GL reconciliations, identifying and resolving discrepancies.★ Intercompany Transactions: Oversaw the processing and reconciliation of intercompany transactions, ensuring accurate recording and compliance with company policies and regulatory standards.★ Accounts Payable Management: Supervised and managed Accounts Payable functions, ensuring timely and accurate processing of invoices, payments, and credit notes. Implemented robust AP procedures to maintain high standards of accuracy, compliance, and efficiency. Coordinated with various departments to resolve any discrepancies promptly.★ Treasury: Managed cash flow, foreign exchange transactions, and other treasury functions to optimize liquidity and minimize financial risk. Coordinated with banks to secure favorable corporate financing terms. Show less

  • Billing Manager - Global Business Services

    May 2021 - Aug 2024

  • Accounts Receivable Manager - Global Business Services

    Jan 2017 - Apr 2021

  • Accounts Payable Manager - Global Business Services

    Mar 2015 - Dec 2016

  • Asst. Manager Finance & Accounting

    Jan 2008 - Feb 2015