Arun Bhat (PMP)®

Experience

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  Essgi Infotech Private Limited

  May 2004 - Oct 2007

  Accounts Assistant

   Maintenance and Monitoring of Statutory Records & Activities, and statutory payments Recovery and Monthly Remittance & maintenance of Statutory records like TDS on salaries, Contractors, Profession, & Commission etc. Reconcile & filling of quarterly TDS returns and issue of Form 16 & 16A annually. Preparing workings and remittance of Service Tax. Taking care of day to day accounting transactions like updating purchase & sales invoices, accounting of monthly expenses provision entries, Cash & Bank payment entries.  Preparation of monthly employees’ Salaries & wages statement.  Raising the Purchase Orders by analyzing the quotes & strength of the supplier. Coordinating with the Internal and Statutory Auditors for Accounts Finalization. Show less

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  Laguna Clothing LLP

  Oct 2007 - Aug 2010

  Accounts Executve

   Forex baking - letter of credit and import payments, Working Capital Management – Foreign bill discounting, Packing Credit arrangement and factoring facilities etc. renewal and enhancement of limits Preparing workings & accounting of Foreign Exchange Fluctuation Gain/Loss. Handling sales up to realization of proceeds, RBI Issues & BRC’s, Handling overseas creditors and remittances. ( Both import and service)  Currency risk management – Forward contract, hedging and EEFC Accounts. Handling Duty draw back, DBK Reconciliation, and related accounts. Preparation of QIS, PIPR, Stock & Book debt. Documentation for disbursement of loans. Preparation of agency commission statement and handling overseas agents. All other bank related works like, Domestic Letter of credit, Bank guarantee, Monthly Finance Charges Analysis etc. Coordinating with the Internal and Statutory Auditors for Accounts Finalization. Preparation of monthly MIS Report (Related to sales, Debtors & Banks) Show less

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  Sequent Scientific Limited

  Aug 2010 - Mar 2011

  Sr Executive - Finance

  Acheived to get max limit od working capital and handling complete treasury part

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  Juwi India Renewable energies Pvt Ltd

  Mar 2011 - Jul 2014

  Asst Manager - Finance

  Key Result Areas Completed ST Audit for 3 years with superindendent and Inspector and completed without paying any penalty. Completed KVAT Audit and completed without paying any penalty.Highlights  Handling Accounts (Purchase, expenditure, Sales, JV’s) till Finalization. Handling statutory audit & Cost audit. General Ledger Review and Reconciliation and Booking of provisions/Accruals Working with Auditors for Transfer Pricing. Handling TDS Payments & returns and issues related TDS Service Tax (Good exp in Service import & reverse charges, Attend ST Audit by AG’s and department. Vat Returns & Reconciliation. (Handling KVAT, GVAT & RVAT, TVAT) Inter Company Receivable and Inter Company Payable Reconciliation and Reporting to Management. Preparation of Monthly Report for project Expenses and Reporting to Management Handling Hedging while currency markets have been behaving erratically with an obvious involvement of Indian Rupee. Looking about foreign Payments on both service & import, and its accounting.  Accounting of Fixed Assets, Depreciation, retirement of Assets Revenue Recognition. Invoice Processing, checks during invoice processing Show less

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  Verint

  Jul 2014 - now

  Accounting Process & SystemsDrive improvements and automation wherever possible. Be a lead to implement IT solutions in the subject areas. Ensuring accurate and timely transaction processing using cost effective methods and be responsible for overall activities related to Vendor invoices processing and payments. (Domestic and international), GRIR reconciliation, Responsible for treasury (Bank Payments), ME accruals, vendor portal, Month end process (AP/GL recs, AP Close co ordination, QE vendor recs Vendor open items management and ageing analysis.Metrics and DashboardsSet measurable performance targets and take corrective measures to achieve and maintain those targets. (KPI report, SLA from SNOW, Tripple check, SAP Concur report, and ORBIT control reports) Track required process or system improvement and drive implementation of same. Oversee preparation of periodic performance reports and account reconciliations and share regularly with team members.People Management and Communication Leading and developing a team of around 7 members, including training, managing workload, and establishing priorities. Share internal or external feedbacks with AP team on quality issues and working closely on improving quality. Provide thoughtful analysis and recommendations to business leaders to enable taking informed decisions based on trends, performance and future projections. Lead communication with internal team members and vendor regarding changes to process and system that may impact them.Compliance Ensure all processes are SOX compliant on design and implementation and ensure all required documentation and walk throughs. Stay alert to new threats and trends in finance and lead conversations on how accounting team needs to mould and adapt in order to stay proactive. Responsible for appropriate tax deduction as required by tax laws and rules. Show less

  • Manager - Procure to Pay

    May 2023 - now

  • Associate Manager Accounts Payable

    Jul 2014 - now