sonu47557

WORK HISTORY Philips India Limited Assistant Controller Asia/Sr. Manager Jan 2014 – Till Date RtR Manager Sept 2008 – Dec 2010 Lead - P2P Process Jan 2010 – Dec 2011 Controller Philips Design Jan 2012- Dec 2013 GMR GROUP, India Associate Manager Feb 2006 – Aug 2008 HUTCHISON ESSAR SOUTH LIMITED, India Executive Finance Mar 2004 – Jan 2006 JINDAL STAINLESS LIMITED, India Accounts Officer Nov 2002 – Feb 2004 KEY DELIVERABLES @ PHILIPS INDIA LIMITED as Assistant Controller/Sr. Manager/Business Partner Ownership of processes within accounting operations function of Philips Capital across different markets Asia, MET, CEE, RCA and AFR OtC Order to Cash •Overall AR Portfolio of USD120 mln including 3rd party financing through banks/NBFC’s. •Channel financing vertical of around USD47 mln (Health System and Personal Health). •Cash forecasting based on expected date of deliveries and installation reports. •Timely collection of Invoices & tracking of revenue recognition to ensure start of Instalments. •Ensuring completeness of post approval documentation, adherence to condition of approvals including approval authority, follow up for deferrals. •Classification of accounts based on their health (NPA and relevant provisions). •Process improvement with VSM and remove waste. RtR (Record to Report) •Accounting and Reporting of Financing AR as per designated policy. •Lease Accounting as per IFRS-16 and in line with Revenue Recognition as per IFRS-15. •Monthly Reconciliation & Accruals of financed transactions and Unearned Interest. •Provisions for Bad Debts as per debtor’s classification and ageing thereof. •Internal & External Audits for the Financed AR including ICS controls. •Coordination with Fiscal team for Lease transactions for TDS & GST compliances. Portfolio Management and Reporting •Ensuring maintenance of up-to-date records of the portfolio. •Nonpayment reporting and work out strategy and assign accountabilities of collection. •Credit Line Usage, Delinquency, PDD (post disbursal documents). •Timely reconciliation of all repayment schedules with accounting entries in SAP including interest income booked. •Providing various information for repayment track, interest payment, collection of TDS Form 16, issuance of NOC for completed/closed transactions. KEY DELIVERABLES @ PHILIPS LIMITED as Lead - P2P Process (Shared Business Services Finance) •P2P/AP Process lead for Corporate, Consumer Lifestyle, Lighting Commercial, Healthcare. •Involved in all process improvement/change management projects for AP including SAP implementations for India - SAP Workflow, VMD, ODW, SRM Tool, Concur. KEY DELIVERABLES @ PHILIPS LIMITED as Dy Manager Philips Design •AOP preparation, Quarterly Rofo, MEC activities, MIS, ICS Control. KEY DELIVERABLES @ PREVIOUS ORGANIZATIONS •Accounts Payable/Receivable Management. •Validation of all operational and contractual payments. •Working Capital Management, including Finalization and Submission of periodical statements (Stock Statement, QIS, QMS I, QMS II and CMA Data. •Managing Export and domestic finance •Statutory Compliances •Involved in all Internal and External Audits. •Documents arranged for ILC, FLC and BG's. Foreign Remittances.