Padmanava Senapati

Experience

• 

  M/S Thirveni Earth Movers Pvt. Ltd.

  May 2006 - Aug 2008

  Jr. Accountant

  • Managing accounts payable and accounts receivable.• Ensure smooth processing of TDS. • Handling day to day petty cash & bank receipt & payment maintaining book of accounts viz. Sales, purchase, debtors & creditors.• Prepare journal entries.• General ledger operations.• Monthly closings and preparation of monthly financial statements.• Reconcile and maintain balance sheet accounts.• Draw up monthly financial reports.• Assist with yearend closings.• Prepare tax computations and returns.• Assist with payroll administration.• Account/bank reconciliations.• Assist with preparation and coordination of the audit process.• Managing timely payment to sundry creditor. Show less

• 

  Tej Raj & Pal, Sahoo & Co

  Aug 2008 - Aug 2011

  Auditor

  • Internal/concurrent audit of various banks and Companies.• Statutory audit of various clients.• Income tax filing of individual, company, trust, AOP and firms.• Tax audit (U/S 44AB) of various companies.• Assist in Preparation of project report for bank finance of various clients.• Government department audit.

• 

  M/S JCPPL

  Aug 2011 - Jan 2013

  Sr. Accountant

  • Receiving and verifying invoices and requisitions for goods and services.• Managing accounts payable and accounts receivable.• Data entry of invoices for payment.• Calculation of salaries and benefits of staff and key personnel.• Prepare and remit source deductions and payroll tax.• Compiling and analyzing financial information to prepare financial statements including monthly and annual accounts.• Ensuring financial records are maintained in compliance with accepted policies, procedures and accepted accounting standards.• Analyze financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations and maintain solutions to business and financial problems.• Preparation of accounts as per Indian accounting standards.• Bills processing• Accounting reconciliation• Bank reconciliation• Preparation of MIS• Maintenance of fixed asset register • Stock verification.• Obtaining DIN,PAN & TAN.• Income tax & Wealth tax planning.• Preparation & submission of Income tax.• Assistance in representing before tax authorities• Obtaining service tax & Vat registration Show less

• 

  Heavy Engineering corporation

  Jan 2013 - Feb 2018

  Financial Accountant

   Construction Contract as per AS-7. Works Contract, Escalation Clause & LD clause, Force majeure clause etc Checking of RA bills works contractor/ sub-contractor/vendors & making payments after obtaining prior approval of sanctions for payments thereof. Preparation of Project Status Report, annual budget for expenses & incomes, target setting for quarter & analysis of various Financial Ratios. Issue & extension of Bank Guarantee in favor of clients, receiving of BG from contractor & vendors.  Opening of L/C with co-ordination with purchase dep’t & project manager in charges. Liaising with banks and Corporate Head quarters, positioning funds to meet working capital and project requirements Fund allocation for insurance policies of various projects. MCE & WC policy opening work & extension in due dates.  Forecasting of cash flows and handling fund management. Vendors negotiations, Commercial approvals & Cost Reduction Assisting in preparation of financial statements and internal, Statutory Audit / Tax Audit. Financial concurrence in purchase / marketing decisions Account receivables management and credit control Accounts Payable Management, Disbursements and compliances with TDS Supervising billing to customers, accounting of cash and inventory transactions Ensuring MIS reporting (funds utilization, requirement, creditor, debtor position) at each month.  Analysis of the account ledgers and processing / review of various period end journals Budget preparation& preparation of yearly financial statements. Assist with yearend closings. Preparation & Finalization of Profit & Loss A/c & Balance Sheet, MIS, Rolling plans & Quarterly budgets for site. Verification & reconciliation of stocks & fixed assets. Accounting of Taxes (WCT,TDS, VAT, Entry Tax & Service Tax , RCM method) and issuing C forms to suppliers. Ensuring timely realization RA bills from clients. Maintaining inflow and outflow for effective cash management Show less

• 

  Neelachal Ispat Nigam Limited (NINL)

  Feb 2018 - now

  Accountant

  Tata group took over NINL on 04.07.2022. Currently associates with NINL from 2018 in finance and accounts department. Job related is Vendor invoice checking, processing, posting in SAP. GST compliance, filling, payment, reconciliation. Annual GST return. Assist audit requirements. MIS.