Nitin Jain
Cell No. --
B-304, Samarth Nagar, Chandan Nagar,
Pune - 411014
Career Objective: To obtain a significant and challenging position as an accountant wherein I will learn and
excel in financial analysis that provide me a scope for growth in the F&A vertical.
Financial Expertise/Skills:
Excellent knowledge and hands on experience in➢
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General Ledger
Financial Statement Analysis
US Payroll & payroll taxes
Variance analysis
MIS Reporting
Technical Expertise/Skills:
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QuickBooks (Online and Desktop)
Net Suite
Expensify- Expense submission software
MS Office- MS Excel, MS Word
Professional Qualification: MBA, Oklahoma City University, Oklahoma, USA (GPA – 3.9/4.0)
Majors: Finance & Accounting
CPA Candidate- Virginia board of Accountancy
Akraya Inc., Pune
June 2015- June 2019
Sr. Accountant- US Accounts & Finance
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Invoicing of over 60 clients spreading allover US after acquiring necessary approvals from project
managers and LOB heads.
Entering and payment of vendor bills.
Processing of invoices from outside contractors after reconciling the hours invoiced and the
timesheets entered in our system.
Entering and updating records of employees, vendors and outside contractors including billing rates
and pay rates.
Monthly and quarterly revenue reconciliation.
Oversee monthly, quarterly and yearly financial closing.
Preparing various schedules such as Depreciation, Amortization and Leave accruals.
Preparation and monitoring of AR Aging and AP Aging report.
Preparation and processing of W-2 Forms and 1099s for employees and outside contractors.
Executing and monitoring expense reimbursements of US employees after verifying supporting
receipts and necessary approvals.
Preparing monthly and annual financial statements- profit and loss statement, balance sheet and
cash flow statement.
Prepare revenue and cost budgets for all the projects in consultation with project managers and LOB
heads
Prepare monthly and annual budgets and provide justification in case of any variance (Actual vs
Forecast) above threshold limit.
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Periodic reporting of variances to various departmental heads with a view to controlling and
monitoring the same.
Prepare monthly MIS statements and Cash Flows for all projects, customer wise and LOB wise.
Providing intensive audit support and coordinating with the external auditors to ensure that each
party is not only aware of the other's work but also well briefed on areas of concern
Prepare detailed expense and resource budgets for each company department in collaboration with
department managers; review and iterate budget with management team.
Design and develop financial and statistical reports as per departmental heads and management’s
requirement.
Prepare and present reports on sales and expense projections in consultation with sales and
operations team.
Prepare costing based on allocation and apportion of direct and indirect costs on a monthly basis and
analyzed profitability of the projects.
Jade Global Software Pvt. Ltd., Pune
June 2013- April 2015
Financial Accountant- US Accounts & Finance
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Prepare monthly Balance Sheets and Profit and Loss statements for the US entity using QuickBooks.
Preparation of monthly invoices for US clients in Quick Books.
Prepare payroll and coordinate with payroll vendors to ensure timely payment to employees.
Calculate and update monthly leave balances of all employees and take the effect in salary payout.
Prepare monthly budgets and initiate actions to minimize variances.
Ensure statutory compliance on transfer pricing and FEMA regulations.
Prepare and execute hedging plans using Currency Options and Forwards for the monthly inward
remittances of US Dollars.
Create and maintain financial plans for existing business.
Develop financial plans and models for new business units and assist in developing new business unit
strategies.
Coordinate with financial institutions for secured and unsecured loans.
Baloch Consulting Services, CPA, Gaithersburg, MD, USA
September 2010- November 2011
Accountant
Accounting & Finance Responsibilities
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Handling accounts and finance of more than 25 clients covering various industries.
Preparing journal entries using Client’s Bank Statement, Sales Report, Invoices and Check Details.
Prepare and review monthly Cash and Bank reconciliations.
Oversee monthly, quarterly and yearly financial closing.
Maintain accounts receivables and accounts payable records of clients.
Prepare Reconciliation Report for A/R account, A/P account, Payroll Expenses, Interest Expenses etc.
Providing budgeting, forecasting and variance analysis for clients.
Prepare and review monthly and quarterly financial reports and supporting schedules including
financial analysis and commentary on results and variances.
Supervising staff of 4 people.
Payroll Responsibilities
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Processing client’s weekly, bi-weekly and monthly payroll and payroll taxes including certified
payroll.
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Compute, calculate and post financial and numerical data affecting new wages, such as bonuses or
commissions, tax exemptions, insurance coverage, garnishments, etc.
Execute Year End processing including W-2 Forms and 1099s.
Prepare and report Client’s monthly payroll tax, Quarterly tax (Form 941), Federal tax,
unemployment tax and state withholding tax both manually and electronically.
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Audit Responsibilities
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Prepares work papers in a clear and concise manner in accordance with management and external
auditor requirements.
Provide all the necessary documents like bills, invoice, tax papers, loan documents, bank statements
to support audit schedules.
Responsible for preparation of audit schedules as well as other analyses for the year-end audit.
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Strengths
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Strong quantitative and qualitative analytical skills.
Proficiency in financial statement analysis and understanding of key financial ratios.
Competent in using MS Excel specially functions like pivot tables, solver, Vlookup
and Macros
Ability to work with financial models and financial data.
Firm knowledge of financial, statistic and economic principles.
Declaration: The information given above is to the best of my knowledge and belief is true.
Place:
Date:
Nitin Jain
