SUKHVINDER SINGH

E-mail: sukhfinance@gmail.com

 

Senior Finance & Accounts Manager with complete control over all accounting and finance activities. Twelve years of related experience with proven ability to work well under pressure with attention to detail and meeting critical deadlines by planning and supervising work of my team.

 

E      Responsible for Implementing and maintaining accounting controls and procedures.

E      Taxation (Direct and Indirect) matters & compliances.

E      Established Centralised Server for tally for multi location/branch integrated accounting, Material Management and Logistics with voucher type access level.

E      Monitor and Review Branch Operations.

E      Facilitate Fund and Non Fund Based Limits over Rs. 100.00 Million.

E      Good exposure in Tally, SAP, ERP, Banking, Import, Inventory and MIS.

E      Controlled and Reduced Cost using 5s for Inventory, Centralised Inventory Management module in tally for Transportation and Inventory Handling Charges, Latest online communication technology for communication cost etc.

 

Accounting and Costing:

ü        Maintenance and supervision of accounts upto finalization under SAP/ERP/Tally Environment with closing accounts on monthly basis.

ü        Prepare consolidated interim, year-end and comparative financial reports with Branch wise results.

ü        Compute Profitability-item/group/branch/area/executive/customer wise using powerful yet simple MIS techniques.

ü        Account Reconciliation(Bank, Inter Company/Branch/Group, Suppliers, Customers and other CA and CL’s GL for use of proper accounting head and correct group as per sch. VI)

ü        Set payment and collection procedures for venders and staff to bring financial discipline in the company.

ü        Item wise variance analysis in PNL for comparative PY and Budget figures with cost benefit analysis.

ü        Costing of Imported and indigenous Products and availed data for fixation of pricing structure.

ü        Improved profitability by Cost Control and Reduction in the areas of Direct, G & A, and S & D Expenses like Freight. Labour, Communication and utility.

 

Finance and Banking:

ü        Arrange Funds & Non Funds Limits (Fresh Limits as well enhancements) with temporary WCDL from Banks.

ü        Arranging for opening of letters of credit (inland and foreign) and bank guarantees.

ü        Submission of MSOD and other Reports like QIS against Working Capital Limits.

ü        Managed various working capital components for optimum use.

ü        Liasioning with Banks, Submission of periodic/monthly reports.

ü        Coordinate with consultants for various project reports.

ü        Future Projections of Sources and its projected utilization.

Direct and Indirect Taxes:

Income Tax:

ü        Filed on line ITR of company, TDS Matters, Set up payroll structure with tax planning view.

ü        E-payment of taxes.

ü        Familiar with Transfer Pricing Concept.

Sales Tax:

ü        Supervision of Sales Tax matters of Five Indian states. Ensuring timely collection and submission of statutory forms “Form C/F”, Timely deposit of tax and filling of manual and e-returns. Getting Assessments Done.

ü        Handled SIB Survey of Trade Tax Department.

Excise:

ü        Get all Registers and Records like DSA (RG-1), CENVAT Records (RG-23A, RG-23C etc.) PLA, Job Work Register, Bond Register, Imported and Indigenous Purchase Register etc   Maintained and Submission of Returns and various declarations.

 

Service Tax:

ü        Computation and Return

ü        Cenvat Adjustments.

Custom:

ü        Arranging SAD Refund .

ü        Arranging and Verification of Custom Duty submitted by CHA.

 

ENSURE ALL STATUTORY COMPLIANCES.

 

Auditing:

ü        Support Statutory/Tax/Internal/Management Audit.

ü        Set internal checks and control procedures at various levels.

 

MIS:

ü        Generation & Customization of MIS reports (Accounting, Finance, Inventory and Production including Daily Production Report (With Item wise extraction, yield & wastage), Raw & Packing Material Consumption Report with wastage analysis.)

ü        Analyzing MIS reports & documentation at the end of each month & conducting variance analysis to determine difference between projected figures & actual expenditure and recommending / taking corrective actions.

ü        Formulate financial objectives and budgets for the company in coordination with all the other departments with periodic assessment of variation in actual performance and timely action to achieve the financial targets. Conducts various financial analysis to facilitate decision-making, e.g. variations from budget etc.

ü        Preparation and submission of various reports for Board Meetings.

 

ROC:

ü        Filling Annual Return and submission of various statutory/mandatory forms with ROC.

ü        Got new company incorporated.

ü        Got registered office of company changed to other state following procedure of ROC and CLB.

ü        Got authorized capital enhanced.

ü        Register, Modify and Get removed Charge with ROC for Bank/s.

Admin & HR:

ü        Payroll Booking.

ü        Scrutinizing staff imprest and advances.

ü        Assist management to Set HR Policy for the company, Draft Appraisal formats. Initiate 360 degree appraisal. Set variable unit base incentive system for sales staff to motivate them to push sales of slow moving and dead items.

ü        Handled Provident Fund and ESI matters.

ü        Support Management in setting and Reviewing KRA’S of accounting and commercial team further setting KPA’S on the basis of KRA’S. Arrange agreements with vendors.

ü        Improve efficiency of staff by training of most effective time management techniques combining with principles of Kaizen and Six Sigma doing SWOT analysis.

Stores Accounting & Inventory Control :
Get Stores Ledger and other records maintained.
Inspection, Physical Verification & Reconciliation with Factory/Godown/Site/Consignment agent’s records. Adjustment with vehicle's and Godown's short & excess.

Sending and Accepting Claims for Goods Return/ Re-placement of goods/Various Schemes on Products/ Damages/ Home Expenses.

Identifying the slow and non moving items using age-wise stock analysis
Adopt the Rules of "Six Sigma" for better Inventory Management, Minimising Wastage and getting Better Yield.

 

Import:

ü        Processing of purchase orders.

ü        Follow up with overseas manufacturing units/FF Agents for delivery of goods.

ü        Coordinate with CHA’s for clearance of Material.

ü        Establishing LC and getting amended if required.

ü        Processing TT Payments to overseas suppliers as well arrange remittances transfer into our account.

ü        Arrange refund of SAD from Custom.

 

 

 

Computer Skills:

ü        Directed implementation of state of the art accounting software. Trained staff on use.

ü        Good in MS-office especially Word, Excel and power point.

ü        Exposed to accounting & related software:

  Tally (Almost all versions)

  Busy,

  Birdy,

  Fact,

  TCS Ex,

  ERP (JDE),

  SAP-R/3 (FI CO Module, Exposed to SD and MM )

  Oracle Financials etc.

ü        Set complete integrated system for Accounting and inventory in tally.

ü        Conduct in house training program for Excel and Tally.

 

 

Cost & Works Accountant, Qualified in June’96 from the Institute of Cost & Works Accountants of India

 

M.Com from H.P. University in 1997

 

B.Com (Hons.) from Sri Guru Gobind Singh College of Commerce, Delhi University in 1993.

 

Diploma in Computerized Financial Accountancy from K.C.C. in 1994

 

• Income Tax – Coordinate with Income tax department in relation to TDS Survey and Scrutiny Case. 
• Banking-Arrange Fund and Non Fund Based Limits over 100.00 Millions.
• Sales Tax- Organized assessment of Sales tax Cases. Also handled SIB Survey of Trade Tax Department.
• Excise-Reviewed and revised production records for excise and initiated preparation of system base excise return.
• Facilitated the Sales Team by generated customized reports to accelerate collection and reduce outstanding.
• Established Inventory Control System to improve production efficiency.
• Involvement in establishing Internal Control System for Purchase & Sales.
• Customize MIS reports for utmost benefit of Management while decision making by better analyzing.
• Simplified and streamlined accounting whenever required.