Mohit Jain, CMA

Experience

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  HIMALAYA FOOD INTERNATIONAL LIMITED

  Aug 2009 - Oct 2012

  Senior Account Executive

  *Maintained accurate accounting of accounts receivable in SAP, ensuring timely collection of due amounts from customers.*Conducted product costing and analysis based on the Bill of Materials (BOM) for new and existing products.*Proactively resolved disputes and exercised control over bad debts, reviewing overdue customers.*Periodically reconciled party accounts (debtors and creditors) in SAP and Tally, presenting summary reports for monthly budget planning.*Provided support in evaluating credit proposals and establishing credit policies.*Reconciled and scrutinized expenses across plants, regions, and branch offices, submitting weekly MIS reports to management.*Managed import and export documentation, including customs clearance, bill of lading, bill of entry, shipping line, and warehouse documents.*Oversaw vendor management and finalized debit notes, credit notes, supplementary invoices, and price claims with vendors.*Ensured compliance with tax regulations, including sales tax, service tax, and TDS (Tax Deducted at Source).*Handled documentation for vendor and customer payments, including inland letter of credit, bank guarantees, and document tracking.*Actively participated in the SAP implementation team, facilitating a smooth transition from Tally ERP and ensuring parallel accounting.*Monitored bank reconciliation statements, conducted fund monitoring, and managed petty cash.*Prepared costing systems and conducted variance analysis for products, reconciling cost discrepancies.*Prepared and monitored monthly and yearly budgets for the business segment.*Consolidated and analyzed daily production positions, providing reports to higher management.*Maintained inventory control at plants, reconciling variances with theoretical consumption based on SAP records.*Prepared and finalized monthly income and expenditure accounts to track revenue positions.*Managed inbound and outbound logistics planning for raw materials and finished products. Show less

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  ONGC Tripura Power Company Ltd

  Nov 2012 - Dec 2013

  Executive- Finance & Accounts

  *Successfully managed vendor relationships and reconciliations with project vendors and contractors such as BHEL, SOIPL, RIL, ONGC, and civil contractors.*Played a key role in finalizing and processing claims for vendors, contractors, and sub-contractors, ensuring accurate and timely payments.*Implemented accounting policies and practices to ensure compliance with standards and regulations.*Assisted in the preparation of financial statements, including income and expenditure statements, balance sheets, and accounts compilation, following Indian GAAP, company law, and accounting standards.*Conducted capital work-in-progress (WIP) reconciliation, managed CAPEX transactions, and maintained the fixed assets register for depreciation and asset control purposes.*Ensured compliance with tax regulations, including VAT, service tax, TDS, WCT, labor cess, and professional tax. Handled sales tax form issuance and compliance.*Finalized sales tax returns and managed yearly assessments with the sales tax department, collaborating with auditors to ensure audit compliance.*Conducted inventory reconciliation and variance analysis to identify gaps between theoretical consumptions and actual inventory levels. Compiled inventory-related MIS reports.*Consolidated and validated various MIS reports prepared by different operational sections.*Managed corporate funds and treasury operations, including banking relationships and transactions.*Compiled budget inputs and drafted the annual budget for the business segment.*Monitored and analyzed manpower costs, including casual and employee costs, conducting variance analysis with budgeted amounts. Show less

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  Honda Motorcycle & Scooter India Pvt. Ltd.

  Apr 2014 - Dec 2017

  Team Leader- Finance

  *Vendor Payments: Managed end-to-end vendor payments for manufacturing and non-manufacturing vendors, including logistics, sales and marketing, HR and administration, and regional office expenses.*Addressed vendor queries regarding payments, TDS deduction, reconciliation, and invoice-related issues, ensuring prompt resolution and maintaining strong vendor relationships.*Oversaw advance payments to vendors, ensuring accurate settlements and effective cash flow management.*Controlled employee payments, including travel advances and settlements, resolving any issues promptly.*Travel Claims and Reimbursements: Handled travel claim processing and reimbursements for sales, service, procurement, and promotion teams across India.*Pan India Dealer Payments: Managed timely payments to dealers for sales promotions, incentive schemes, training, and other related expenses, while addressing invoice-related issues and ensuring compliance with TDS deduction and C Form requirements.*SAP Process Implementation: Actively contributed as a team member in implementing SAP processes, streamlining vendor and dealer claim processing and payments.*Prepared vendor and dealer reconciliations, generated various management reports, and monitored GR/IR, aging, and clearance reports on a regular basis.*Maintained compliance with audit requirements, provided data to auditors, and supported internal and statutory audits.*Conducted review and analysis of financial statements, trail balance, and control ledgers, providing valuable insights for decision-making.*Ensured adherence to reporting deadlines and actively participated in month and year-end closing activities.*Provided accurate data for processing monthly employee salaries, collaborating with cross-functional teams. Show less

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  Alstrong Enterprises India Pvt Limited

  Jan 2018 - Jul 2019

  Manager Finance

  *Responsible for overseeing vendor management, payment processing, and reconciliations, ensuring accuracy and adherence to company policies.*Managed advance payments and ensured proper documentation and compliance with organizational guidelines.*Participated in purchase order finalization, collaborating with stakeholders to ensure accuracy and compliance.*Prepared monthly profitability analysis, assessed working capital, net worth, debtors and creditors analysis, and segment-wise expense analysis.*Provided strategic management information systems (MIS) reports to higher management, including sales analysis, collection analysis, dispute claims reports, and overdue analysis.*Prepared cash flow forecasts and performed variance analysis to identify discrepancies between actual and estimated figures.*Successfully submitted quarterly performance reports and other required reports to consortium banks, ensuring compliance with sanction requirements.*Prepared banking MIS reports such as monthly statement of drawing, financial statement review reports, and other certificates for bank assessments.*Managed CMA projections and facilitated timely renewal of existing limits while assisting with documentation for new limits (Term Loan & Working Capital).*Conducted cost analysis operations, identifying gaps between actual and standard costs for management review.*Coordinated with production and operations teams to finalize new Bill of Material (BOM) for new products or changes to existing products.*Prepared data for credit rating activities and collaborated with external agencies to ensure accurate financial projections.*Led quarterly consortium meetings, prepared presentations, and effectively communicated with banks to address key financial matters.*Conducted monthly reviews of credit limits for new and existing customers, providing recommendations to senior management.*Managed all pending customer claims, reviewing and settling them within agreed timelines. Show less

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  Canara HSBC Life Insurance

  Aug 2019 - now

  Manager-Treasury

  *Prepare comprehensive monthly, quarterly, semi-annual, and annual reports for regulatory bodies like IRDAI, shareholders, and internal stakeholders including Finance, Actuary, Investment Front Office, Tax, and Business Planning.*Prepare and validate investment returns as per IRDAI requirements and upload them accurately on the BAP portal of IRDAI. *Utilize Bloomberg data to perform in-depth risk and performance attribution analysis. Prepare well-structured slides for TIG and IC meetings to present key findings and insights. *Conduct comprehensive analysis of fund performance, benchmark against peer performance, and generate management dashboards, including insightful reports on Plan vs. Actual Income, CFO Dashboard, Portfolio Yield, and Duration. *Formulating Investment Schedules, Trail Balance, ULIP Disclosures, Monthly Factsheet, and Annual Notes to Account and other balance sheet related item etc. as per IRDA reporting, shareholder reporting and management reporting.*Perform credit review analysis for fixed income (debt instruments) and equity investments from a treasury standpoint, assessing creditworthiness and associated risks. *Conduct accurate valuation of diverse financial instruments, such as equities, debentures, INVITs, REITs, and ETFs, ensuring adherence to appropriate valuation methodologies. *Monitor investment limits and promptly perform real-time compliance checks, leveraging spreadsheet MIS and other systems to ensure adherence to regulatory and internal limits. *System Customization, Bug Fixing, and Testing: Take ownership of system customization and enhancement projects, address system bugs, conduct rigorous testing of patches in UAT (User Acceptance Testing), and ensure successful implementation in the Production Environment.*Coordinate and support all audits, collaborate closely with concurrent auditors and statutory auditors, provide timely and accurate data, and facilitate the smooth completion of audits. Show less