Nimrit

Nimrit Kaur Sangha House No. 5, Khurla Garden Colony, Jalandhar, Punjab Mobile: - ~ E-Mail:- I am a qualified Chartered Accountant and have more than 9.5 years of experience in the areas of Finance & Accounts , Internal Audits and Controls and Taxation. Review of my credentials will confirm that I am capable of achieving organization’s objectives and organic growth through effective contributions. In addition, I possess good skills in communication, presentation with demonstrated abilities in leading motivated teams to achieve organizational goals. My detailed resume is enclosed for your reference. I believe my knowledge and skills will bring value to your organization and would welcome the opportunity to meet, discuss and explore the possibilities of the same. Thanking you Sincerely, Nimrit Kaur Enclosure: Resume Nimrit Kaur, CA Mobile: - ~ E-Mail:-Seeking assignments in Finance/Accounts/Internal Auditing/Taxation/MIS with an organization of high repute PROFESSIONAL SYNOPSIS       A result oriented professional with around 9.5 year’s cross-functional experience; exclusive of 3 years qualitative experience in Accounts, Finance, Taxation, Statutory Compliance, Internal Controls and Internal Audits. Presently I am not working. My last job was with Fareportal as “ Manager-audits” till June’2019. Searching for job in Canada as my husband has got PR and we are in process to shift to Canada Significant experience in implementing Financial Procedures and actively involved in the preparation, maintenance & finalization of accounts as per statutory requirements. Efficiently handling tax related matters, filing of e-tds Returns, assessment proceedings as well as the preparation / maintenance of necessary records / reports to apprise management of the current organizational standing. Possess significant leadership experience resulting in better financial performance and enhanced systems for higher performance of the team. An effective communicator with excellent relationship building & interpersonal skills with proficiency in explaining complex financial data. CAREER CONTOUR Fareportal, Gurgaon Manager Jul’18 – Jun’19 Profile in Fareportal My profile here was of Manager Finance, auditing of marketing expenses and included: Streamline the Marketing Invoice Processing (DocumentationAuditapprovalsPay-out)  Digital marking audit of META,XML META, SEM and Affiliates  Analyse invoices w.r.t their IOs, CPCs, Contracts, ROI , Conversion rate, Profitability , cost check, duplicity etc. parameters.  Vendor Management (On-board vendor listing, managing invoice control file , follow up with vendors for IOs, duplicates invoices, pay-out discrepancies)  Timely vendor pay-out along with follow up with account managers and AP team  Follow approval matrix and proper DOA in case of exceptions  Process Improvements & Automations - Analyse the process, design systems & procedures for identifying leakages  Work with marketing team to come up with strategy with initiatives to reduce cost per transaction and drive more RPT and MOAS  MOAS Reporting at all levels, for all periods, for all keywords, for calls, OND Analysis, for all sources of income  Defining budgets and then variance analysis to be reported with reasons of fluctuations  Preparing SOPs for all types of vendor pay-outs  Such other tasks as required by management in relation to audit of digital marketing. MMT, Gurgaon Assistant Manager Dec’16 – Jun’18 Profile in Make My Trip My profile here was of AM Finance , Incharge of Branch Internal Audits by visiting branches/retail sector of MMT all over India and broader scope includes: Compliance of internally approved checklists of tasks and processes.  Branch wise P&L management.  Reviewing Trial Balance and Debtors report.  Monitor inter branch reconciliations  Monthly and Quarterly closing activities within given time frame.  Budgets Vs Actual and reasoning for unusual variances  Complying with Sox requirements  Redbus booking and reconciliations with MMT Statements  Handling complete accounting of Dubai MMT (UAE)  Recently started looking after customer wallet reconciliations of newly opened segment named Corporate Bookings  GST implementation at Branches of MMT HSBC,Gurgaon Assistant Manager Apr’16 – Nov’16 As part of the financial control team, I am primarily responsible for all the month close activities that lead up to the preparation of the financial statements. Profile in HSBC         Review and Approval of all Month end and daily Journal entries Involved in monthly, Quarterly, Half yearly and Yearly reporting as per statutory and legal obligations Ensure support is provided as per requirement from onshore counterparts Attend all business calls and meetings and drive issue resolution as required Directly lead and manage the teams to ensure PLA's adhered or exceeded in line with onshore requirements Ensure proactive controls in place to highlight issues before they are picked up by business. Maintain Up to date SOP's for all process Freewill Sports Pvt. Ltd., Deputy Finance Controller Nov’11 – Mar’16 Freewill Sports is a leading manufacturer/ trader of sports goods and equipment’s hailing from Jalandhar, Punjab carrying brand name ‘NIVIA’ with existence since 1934 having turnover of more than 150 Crores ($25 Million) with 1200 plus dealers and 1000 plus workforce. Profile in Freewill Sports Pvt. Ltd.,  In Freewill/ NIVIA, I am responsible for the overall Finance function of NIVIA Group. NIVIA group contains two subsidiaries i.e. S.V Industries and Nivia Synthetics with parent company Freewill Sports Pvt. Ltd.  My role includes complete Internal Auditing, Accounts Payable, Accounts Receivables, Monthly & Quarterly Closing/Reporting, Payroll, Inter Company, Taxation and preparation & finalization of Financials.  Successfully completed the formulation of internal controls in of Finance function.  Internal Auditing of system processes and procedures (Purchase procedure, Sale Procedure, Recording of inventory, Insurance of assets, HR audits, FAR Audit , Operational Audit, Performance audit etc)  Setting SOPs for more efficiency and reducing frauds  Checking proper agreements are in place INTERNAL AUDITING AND CONTROLS HAVE BEEN IMPLEMENTED IN THE BELOW AREAS:Accounts / Finance  Administering maintenance of books of accounts, inclusive of P&L account, Preparation and finalization balance sheet and quarterly results as per statutory/ management requirements.  Overseeing the preparation of various ledgers and reconciliation statements viz. bank reconciliation, credit reconciliation, party recon. Stocks reconciliation etc, for analyzing the accuracy of books of accounts.  Routine vouching in internal audit to understand the working of the company Purchase – Production - Stores   Leadership of Purchase department wherein Purchase manger is responsible for vendor management/ meetings.    Checking the job cards to ascertain the material requirements justification. Taking actions on various kinds of Purchase and other expense related reports to help reduce cost of purchase like. Vendor selection matrix, Purchase order amendment report, Quotation rate change report etc. Helped in creation of a virtual store for item locations and Bin card system for stocks accuracy. Approvals for stock up/ split/ re-sent/ re-finish request from stores people. Taxation / Statutory Compliance  Preparing e-tds returns, filling of data with tax department related to assessment, timely deposit of TDS etc.  Checking of excise records like RG1, Excise register etc., filing of ER1, deposit of monthly duty, correspondence with department.  Maintenance of Fixed assets registers with asset number tagging and computation of depreciation under company’s act and income tax act.  Checking service tax implications for Works contract, Legal and GTA service and deposit of tax with filing of return.   Maintaining statutory records, ensuring compliance with all legislative/ regulatory requirements. Co-ordination with company secretary for ROC filings, resolutions, minutes of board meetings, creation/ modification/ satisfaction of charges etc. Costing and Pricing  Fixation/ revision of prices in case of imported articles in light of currency fluctuations, import expenses viz. CHA charges, bank charges, cost of freight, customs duties, price differential, if any by the party. Computing SAD refunds  Framing export pricelists, working on duty drawbacks and other export related correspondences and tasks    Validating the cost sheets of the products manufactured in house as well as by sister concerns.     Roll out of promotional schemes like 10+1 or combo or assorted or reduced whole sales prices to push sales. Price list finalization every half yearly by driving changes in costs to change whole sale price and MRP. Working out price structures for organized retail and online business clients who work not on whole sale price but on MRP mark down system. Rigorous control over discounts/ incentives being provided to dealers in form of daily discount and scheme report(s). Keep track of slow moving/ non moving articles to take immediate action for shifting these off balance sheet. Checking the discounts being charged by malls and online clients like hundi charges, new store opening/ festive/ event discount, advertisement support in line with their agreement and quantum of business. Banking  Submission of monthly stock statement and Quarterly information statements(QIS) as part of Cash credit arrangement.  Regular dialogue with bankers on activities like opening of LC, Sending import payments through telegraphic transfers, new/ renewed bank guarantees, various types of bank charges etc.  Submission of project report for new bank funding proposals like Cash Credit enhancement, term loans for group as well as sister concerns.   Co-ordination for credit rating of banking exposure as mandated by bankers through agency(s) like CRISIL, SMERA. Negotiation with bank for factors like rate of interest on CC limit, Bank guarantee charges, speed clearing charges, collateral limits requirement, fixed deposit requirement for bank guarantee etc. Insurance    Assessment of insurance needs for stocks, buildings, furniture and fittings on frequent intervals. Follow up with insurance agents for any changes in cover notes and dealing for insurance company correspondence. Answering all queries raised by insurance surveyors, insurance company during subsistence of claim in progress. Legal and HR   Leadership of HR department.     Introduction of management systems audit like ISO 9001 and Social audit SA 8001  Vetting of agreements to be entered into with any Mall/ online clients, Ad-agency incl. sponsorship, contractor agreements, vendor account opening forms, new dealership activations, HR consultant agreement.  Liaising with company lawyer to follow up on legal suits filed against defaulting parties. Member of policy formulation body to draft/ revise new/ old policies concerning company’s working like TA DA Policy, Use of company’s asset, Loan/advance policy, Expense approval policy. Checking the loans request from employees/ workers, pay roll data as finalized by HR team. Giving go ahead on filing of EPF/ ESI returns. Managing other HR tasks like various registers like Bonus, attendance, Leave and recruitment(s), Trainings, manuals, rule book, policies revamping, Full and Final settlement etc. Budgeting / MIS  Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.  Analyzing MIS reports to provide feedback to top management on financial performance, viz, fund management, profitability, etc.   Preparation of projected profit and Loss statement based upon budgeted expenses and sales. Linkage of cost centers with budgeted amounts to put in place habit of expense management and cost control. Audits  Coordinating for internal/statutory/tax audits with auditors; ensuring compliance under various Acts and other Statutory Bodies.  Evaluating internal control systems / procedures with a view to highlight the shortcomings and implement necessary recommendations. Major Accomplishments: o Overseeing financial statements including Trial Balance, Profit & Loss A/c, Age-Wise Accounts Payables and Receivables Statements and Balance Sheets. Conducting verification of books of accounts to detect any possible fraud and ensuring that accounts prepared are both reliable & prepared in accordance with set guidelines. Understanding internal audit requirements; observing & validating process for following quality procedures. o Working on ERP system. o o Notable Credits  Handled insurance claim from scratch which included assessment of loss of stocks, building, furniture; cost of reinstatement, preparation and filing of insurance claim, correspondence with surveyors, insurance company’s regional-head office viz. submission of bills, photographs, stock statement, books of accounts etc.  Implemented numerous high value MIS reports to gauge performance of each and every department in particular Sales and Purchase.  Significantly implemented GL and AP module of Oracle in NIVIA Group with the help of counterparts over the conference calls.  Completed formulation of internal controls in Finance function.  Formulated stringent import procedure.  Developed SOP for Purchase department.  Laid down benchmark practices to be followed by Malls and Online segment of the company.  Implemented cost centers at company wide level.  Dexterously monitored the desks of other officers in their absence.  Successfully ensured effective budgeting and allocation of funds. Work Experience Oct’10 – Oct’11 Partner in M/s Ashwani Jindal & Co., at Jalandhar handling a portfolio of Manufacturing concerns, Service sector, Banking and Educational Institutions i.e. Statutory Audits, Internal audits and Taxation ARTICLESHIP V.P. Vijh & Company, Jalandhar Article Trainee July’07 – May’08 Rajesh Madan Gupta & Co., Jalandhar. Article Trainee May’08 – Oct’10 SCHOLASTICS  Certificate course on Valuation in Jan 2012  Chartered Accountant from ICAI, New Delhi in May 2010 in first attempt.  Bachelors of Commerce from GNDU University in 2006. Well versed with MS- Office, Tally, Oracle (ERP Package) AP & GL Modules and CODA.