Namit Kr. Choudhary MBA, SF-IIML , AFM-XLRI

Experience

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  Bunny Carpets Pvt. LTd. & CNC Packaging India Pvt. LTd.

  Jul 1998 - Mar 2003

  Accounts Executive

  Invoicing AR/AP Inventory Control Petty Cash Bank

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  ITL Cosmos Group

  Apr 2003 - Oct 2003

  Accountant

   Sales support, Order processing & invoicing. Assisting in credit control, inventory control through periodic stock taking & various analyses.  Reconciliation of account payable, receivable, inters company accounts & bank accounts. Preparation of daily business statement, daily stock statement and other documents. Handling finalization of accounts upto trail balance. Preparing daily vouchers of cash / cheque, payments / receipt and all other accounts in Oracle / SQL based accounts software (ERP Type).  Preparing pay roll of the employees & giving administrative support. Show less

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  Frank's International N.V.

  Nov 2003 - Feb 2011

  Accounts Manager

   Worked as an Accounts Manager in charge of accounts , Expats Travel Arrangement & Partly Administration. Reporting to Country Manager (Angola) & VP – finance (Dubai)  Handling & Controlling banking transaction ,Vendor’s Fund transfer & Salary  Handling Petty Cash for day to day purchases & expenses Invoicing in accordance with the contract & job file provided by the operations  Involved in budgeting, forecasting, and financial planning  Liaison with customers for Accounts Receivables, resolving the issues if any concerning the pending invoice, to get payment on time To ensure all vendors invoices received and processed for payment before due date .  Attending to creditors queries, investigating outstanding invoices on creditors’ statements, liaising with other departments regarding these invoices clearance Responsible for monitoring & controlling the expenses, advances Monitoring of spends vs. Budgeted/forecasted and providing reasons for variance. Highlighting areas of concerns and opportunities of cost savings. Submitting statutory reports on monthly / Yearly basis i.e. Withhold Tax (W.H.T ) , Stamp Duty , Advance Tax  Payroll processing for Expiates & Locals and timely deposits of PIT & Social Security to the Government dept.  Addressing the issues and concerns raised by employees and ensuring that the solutions are in the common interest and benefit of both the employees and the company.  Handling all matters relating to insurance of expat Employee, Co-coordinating with Dubai / Aberdeen office for direct settlement to the company in case of Evacuation of personal to other location for treatment.  Auditing & Finalization of books with local Accountant as per the Angolan Law.  Assist operation Manager in establishing and monitoring performance against budget to control cost and performance. Show less

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  Prestige Supplies Inc LLC - Mongolia 7.5 Yrs

  Mar 2011 - Jun 2018

  Finance & Accounts Manager

  Managing accounts department for a group of 5 companiesManaging working capital, capital employed to maximize cash flow and capital expenditure Evaluating business performance and trends to drive future growth , profitability and consolidation Creating MIS Report, consolidating and analysing financial reports as per IFRS Monitoring and Controlling reports related to Purchase, Vendor Development & RelationshipImplementing accounting policies, procedures , SOP’s , KPI's and continuous review for improvement of operational efficiency and productivityStrategizing & planning, forecast, budgeting process and yearly budgetsReviewing cash flows to ensure sufficient bank balances/funds are maintained to meet payment commitmentsApproving monthly pay roll Controlling bank transaction & Authorized signatory in Bank A/CsMonitoring and analysing sales & inventory reports Contributing in conducting audits, evaluating the internal control systems with a view to highlight shortcomings & implementing recommendations made by AuditorsInventory Management & analysis of Aged stock report Consolidating & Analysing sales report vs target achieved vs profitability Observing daily cash sales vs. deposited, of the shops to the bank Monitoring & Supervising accountants for finalisation of P & L , Balance Sheet , GL/JV’s and statuary reports submission as per government deadlines. Collaborating with Accountants on corporate tax issues, tax returns for the companies Ensuring adequate measures for timely payments made to/received from creditors/ debtors Managing Insurance policy for Assets & Inventory Administering Inventory counting by accountants & joining them on random basicEnforcement of rule & regulations as per company’s internal code of conductExecuting entire gamut of task in recruitment Spearheading welfare measures, employee get together, team building and so on to enhance motivation levels and productivity Implementing HR policies & procedures Show less

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  The Global Fund to Fight AIDS, Tuberculosis and Malaria

  Feb 2013 - May 2018

  Sr.Finance Professional -Local Fund Agent ( The Global Fund to Fight AIDS, Tuberculosis and Malaria)

   Visiting Principal Recipient ( MOH) , sub-recipients, and/or program sites to discuss and view systems and procedures in place Reviewing budget and work plans and comment on reasonableness and accuracy Reviewing Principal Recipient’s financial reports and providing advice on any findings relevant to financial performance against approved budget Reviewing any suggested budget revisions submitted by a Principal Recipient, provide advice on the appropriateness and reasonableness of these plans Annual Audit review of PR fund received from the Global Fund and expenditure done Show less

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  Allo Taxi Angola

  Feb 2019 - Oct 2019

  CFO / Finance Controller

  Managing & streamlined accounts department for group of 2 companies, Team of 5 members Assessing organizational performance against both the annual budget and company’s long term strategy Developed tools and systems to provide critical financial and operational information to the CEO, Board and GM , providing monthly and quarterly analysis with recommendations for improving business performance Managing & leading all financial functions including Financial Reporting , Budgeting , Planning and analyzing, Cash Management , P&L management , payroll , banking and auditing activities Developed and implemented appropriate systems and processes to ensure detailed , accurate and timely financial and business reporting Overseeing cash flow, asset management , financial strategies , activities and banking relationship Coordinating between the accounting and IT departments to ensure proper maintenance of all accounting systems and function Evaluating business performance and trends to drive future growth and profitability and consolidation of management reports Creating MIS Report, consolidating and analysing monthly, quarterly, annually financial reports as per IFRS Monitoring and Controlling Invoicing, developed & implemented process to follow up Accounts Receivables and weekly status report to management Monitoring and Controlling reports related to Purchase, Vendor Development & Relationship, Procurement , Purchase Order and Payments Developed & Implementing financial & accounting policies, procedures , SOP’s and continuous review for improvement of operational efficiency and productivity Contributing in conducting audits, evaluating the internal control systems with a view to highlight shortcomings & implementing recommendations made by Internal Auditors Monitoring and Controlling HR Dept for payroll process on time and salary related issues of employees Show less

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  Freelance

  May 2020 - now

  Consulting CFO

  Key Focus Area : Business Stratery & Revenue Growth Process & System analysis & strengthening SOP & KPI Development KRA of Key Managers Flow of Data Financial Planning & Analysis Working Capital Management Budgeting & Forecasting Costing & Pricing Analysis Cash Flow Statement analysis Variance Analysis Financial Statement – MIS Inventory Control & Management Asset Management & Control Risk Assessment & Mitigation AR / AP Turnover Days Automation & Digitalization Leadership & Coaching Statutory requirement & Compliance’s Purchase and Vendor Management Internal Audit Practices Finance & Accounts Department Setup HR & Administration Logistics & Supply Chain Management Import & Export Auditing Marketing Strategy Digital Marketing Web Page Development Show less

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  Jangid Motors

  Jun 2020 - Jul 2021

  Consulting CFO

  System & Process Strengthening Management Reporting System Working capital Management Internal Control Risk assessment & mitigation Automation & Digitalization

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  Sahiba Limited

  Aug 2021 - Dec 2021

  CFO cum Business Controller

  Finance & Business ManagementIndia , Dubai and west Africa

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  BDO Mongolia

  Jan 2023 - now

  Financial & Accounting Specialist

  Finance & Accounts Department Setup of NGO for Rio Tinto / Oyo Tolgi - Mongolia

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  Motilal Oswal Financial Services Ltd

  Oct 2024 - now

  Franchise Owner

  Wealth Management Investment Equity & Derivatives