Sameer Parab

• Publish Monthly MIS Reports to Board of Directors with Cash Flow analysis, cost variances trends, detailed accounts receivables check up & follow up. This were done post monitoring key financial and operational metrics and financial data analysis.
• Created financial dashboards to provide insights into key performance indicators
• Ensured all Period end financial and accounting reconciliations are adequately complied from large volume of accounting information including Group reporting deliverables to Group Company.
• Analyzed monthly Financial Budgeting, Forecasting & Cash Flow Analysis and Variances with coordination from Group Finance Controller. Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
• Filed monthly VAT returns with detailed working as per NBR format and timely response to VAT assessment's or queries raised by NBR.
• Supervised, Trained & monitored team members and check and validated day to day accounting entries, payment vouchers and preparing month end journal voucher's for closing of accounts. Established and enforced internal controls, workflows and policies for reconciling and reporting on accounting activities.
• Random Stock Checking in Stores fortnightly and any deviations reporting to management. Project initiated last month to bring inventory into ERP system, as compared to managing manually for many years, so Operations managers can have complete control on stock movement and effectively managed stock and any new purchases.
• Bank Liaising and Finance Arrangement for Renewal of loan -Term loan, Trust Bills Loans, Bank Overdraft, Letter of Credit and CC loan. Actively created Fixed deposits for company by responsive management of cash flow and effective using of facilities .
• Oversee Accounts Receivable and Payable and ensured timely collection from customers through weekly reminders on emails and sending Statement of Accounts and also timely payment to the overseas supplier as per their account statement or credit period. Also applied problem-solving skills to analyze data and deliver timely collection of long receivables and able to achieve collection of 50% receivables pending > 1 year.
• Administrative responsibilities of getting quotations, negotiating with vendors, preparing and validating LPOs for various overhead expenses. Slashed payroll/benefits administration costs 30% by negotiating pricing and fees, while ensuring continuation and enhancements of services.”
• Evaluated and negotiated contracts to procure favorable financial terms
• Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.

For a short of period of time successfully implemented below task as recommended by the management.

• Developed monthly MIS reporting.
• Developed Financial budgeting, forecasting and cash flow and capital monitoring and ensured liquidity objectives are met.
• Suggested and Implemented process improvement, inventory management, POS alignment with Finance accounting system to align with business process with best solution architecture as per best practice.
• Supervised, trained and evaluated journal entries, trial balance and closing entries for entry level accounting and support staff.
• Filed pending Quarterly VAT returns of previous quarter for both the companies by successfully closing of previous year accounts post proper communication with Industry and commerce & national bureau of revenue (VAT) as per regulations.
• Acted as team leader in group projects, delegating tasks and providing feedback.

• Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis month on month. Compiled historical data to assist executives with annual budget recommendations. Helped formulate budget and prepared monthly variance analyses.
• Publish MIS report to management month on month.
• Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures. Lead team with Sales and Accounts for receivables drive and successfully collected BHD 300,000 pending for > 2 years.
• Successfully implemented new customized ERP system (FAME solutions) as per new VAT regulations and vision of MD to bring Inventory into system with bar codes. Updated accounting technology to maintain integrity of system and speed up office workflow.
• Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards.
• Led organizational cash flow and cash flow forecasting initiatives and Identified organizational needs and developed ways to distribute funding and spending.
• Managed payroll data entry and processing for 50 employees to comply with predetermined company guidelines as additional HR Manager responsibility.
• Supported accounting staff in meeting departmental goals through day-to-day guidance and leadership. Trained and monitored support staff to maintain uniform accounting methods and policies across departments.
• Managed and Calculated salesperson commissions based on established parameters and disbursed payments.
• Safeguarded bank accounts to regulate and protect deposits and withdrawals.
• Assisted HR team with researching and negotiating components of employee benefits packages with third-party entities and streamlined payroll processing procedures to increase accuracy and improve data collection.

As Manager-Financial Accounting & Audit

• Designed and built dashboards to monitor performance metrics.
• Led financial planning and analysis by managing key metrics, analyzing data and providing support and insight for strategic planning
• Established budgetary benchmarks and formulated financial management strategies by researching operating and historical financial records
• Developed annual budgets in collaboration with financial director
• Forecasted operating costs for scheduled projects by strategizing with other departments
• Provided key inputs for any audit queries raised during quarterly audit by internal and external auditors and ensuring that queries are resolved in TAT. Assisted Internal Audit team in conducting audit scoping and conducting risk assessment of various functions and processes in organization.
• Regularly interacted with senior management to convey findings identified through walkthrough and testing assess risk and impact of deficiencies and make recommendation for remediation.

As Process Manager- Alternate & Distribution Channel

• Developed and maintained relationships with customers and suppliers through account development.
• Monitored and analyzed business performance to identify areas of improvement and make necessary adjustments.
• Ensured that 95% of all policies login in system are issued in that month itself with systematic follow up with sales team and coordination with underwriters.
• Controlled costs to keep business operating within budget and increase margins by 5% year on year.
• Done Renewals drive across all verticals i.e. bottom down approach and improved the persistency of the channel by 98%.• Created Maintained & Executed PMS tools & Reports (Activity Management, Performance Monitoring, Product Distribution, Process notes & Alliances Tie up - Business Proposal).
• Improved marketing to attract new customers and promote business by organizing kiosks, distributing pamphlets at regional malls, department avenues etc
• Implemented Key deliveries in terms of Sales support, prompt commission payment to channel partners, sales incentives for FSC/MA's, generation of business code lesser than the TAT through cordial relationship & action with channel ops team, collateral support and Bank referral tie-ups with strategy planning for the bank

• Coached and counseled sales personnel, assisting with individual selling efforts and helping sales representatives reach targets.
• Identified, hired and trained highly-qualified staff by teaching best practices, procedures, and sales strategies.
• Attended industry shows, conventions, and other meetings with primary mission of expanding market opportunities.
• Set aggressive targets for employees to drive company success and strengthen motivation
• Successfully managed budgets and allocated resources to maximize productivity and profitability. Increased sales by 10% over period of time.

• Tax Consultancy & Auditing for big corporate individuals & prop firm & partnership firms (300-clienteles).