Summary
Overview
Work History
Education
Skills
Websites
Phone
Personal Information
Certification
Timeline
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IFTEKHAR AHSAN

IFTEKHAR AHSAN

Branch Accounts Manager
Maharashtra

Summary

I would like to strengthen my financial and team working skills so as to benefit both the organization and myself. I believe an association with your esteemed organization would enable the best leverage and develop my skills in all aspects of Business Processing.

Overview

19
19
years of professional experience
1
1
Certification
3
3
Languages
34
34
years of post-secondary education

Work History

Branch Accounts Manager

M/s Stallion Group - Automotive Division
04.2011 - Current
  • Worked collaboratively with sales teams to develop pricing strategies based on customer profiles and market trends.
  • Managed monthly financial reporting processes with strict adherence to deadlines, ensuring accurate and timely submission of reports.
  • Maintained strong internal controls within the branch, minimizing the risk of fraud or mismanagement of funds.
  • Implemented robust inventory control measures, reducing discrepancies between physical counts and system records significantly.
  • Conducted thorough financial analysis, identifying areas of opportunity for cost reduction and revenue growth.
  • Collaborated closely with department heads to ensure proper expense allocation and tracking of budget variances.
  • Improved cash flow management for the branch, resulting in reduced outstanding receivables and increased liquidity.
  • Analyzed financial statements regularly to proactively identify potential areas for improvement or revenue growth.
  • Developed comprehensive financial forecasts for the branch, aiding management in strategic decision-making processes.
  • Reviewed tax filings for accuracy before submission to regulatory authorities, minimizing potential penalties due to non-compliance issues.
  • Assisted in budget preparation and monitoring, providing critical support to branch leadership in meeting financial goals.
  • Liaised with external auditors during annual audits, facilitating a smooth process while addressing any concerns promptly.
  • Streamlined branch financial operations by implementing efficient accounting practices and procedures.
  • Provided ongoing training to staff on accounting policies and best practices, ensuring consistent application across the entire organization.
  • Optimized cash handling procedures at the branch level by establishing clear protocols for deposits and withdrawals.
  • Led accounts payable and receivable functions, ensuring timely payments to vendors and prompt collection from clients.
  • Implemented a new system for tracking employee expenses, leading to increased accountability and better cost management.
  • Managed a team of accountants responsible for daily accounting tasks, fostering a collaborative work environment that promoted professional growth.
  • Spearheaded initiatives to improve operational efficiency through automation of manual processes, resulting in reduced errors and time saved.
  • Cultivated positive relationships with banking partners, fostering trust and ensuring the seamless execution of financial transactions.
  • Engaged employees in business processes with positive motivational techniques.
  • Interviewed and hired talented individuals with top-level strengths, improving organizational talent, and skill set.
  • Maintained friendly and professional customer interactions.
  • Assessed employee performance and developed improvement plans.
  • Created strategies to develop and expand existing customer sales, resulting in increase in annual sales.
  • Met deadlines by proactively managing individual and team tasks and streamlining processes.
  • Enhanced branch production rates by handling staff conflicts, evaluations, hiring, and termination processes and coaching employees on company protocol and payroll operations.

Account Officer

M/s FME INDIA PVT. Ltd.
10.2007 - 03.2011
  • Checking of Mails and follow up of the same, Monitoring Daily Bank Balances and responding to the following, Checking the Correctness of Bank Interest Paid on O/D, Checking the Correctness of Bank Interest Paid on Loan Account, Monitoring Bank Interest Receivable on FD's of the company, Follow up of TDS Deducted By Bank for Interest Received on FD`s, Follow up of Recurring Deposit Account of the Company, Bank Reconciliation, Submission of Monthly Stock Statement of the company, Submissions and follow up of various forms required by bank for sanctioning Overdraft Facility and Loan facility to Bank, Submission of ROC Forms to Bank and follow up of the same, Monitoring of Foreign Exchange rate of Syndicate bank, FXPC, Preparing T.T
  • Swift Payment and forms and documents required for T.T
  • Payment, Preparing and arranging for necessary documents for Obtaining of Overdraft Facility or Loan Account, Generating Foreign Inward Remittance Certificate for money received from abroad, Finalization of Balance Sheets as per Indian GAAP, Preparing Monthly Financials, Checking of all the Local Purchase, Inter State Purchase, Overseas Purchase, expenses of factory and office etc., Checking of Bill as per Projects Nos with GRN and PO
  • No's, Classifying FIRC's as per Work Order Received, Passing of Journal Entries to ascertain correct balance of ledger accounts, Passing entry of Retention Money as per Purchase Orders, Passing and Checking Entries of Sales Bill and correlating the same with Shipping Bill, Mate Receipt, Bill of Lading, Work Order Received form Customers to ensure correctness, Monitoring and Preparing of Sales Invoice Register, Monitoring and Preparing of Work Order Register for Work Order Received from Customers, Passing of Entries Related to Salary of Employees, Director Remuneration in the books of accounts, Deducting of TDS from Contractors, Professionals, salaried and incorporating in the books of accounts, Scrutinizing of Ledger of Sundry Creditors to ensure correctness of closing balances, Passing Necessary Entries required for Finalization of Accounts, Checking of Depreciation of Fixed Assets of Office and Factory as per ROC and Schedule VI of Income Tax Dept., Passing of Depreciation amount in the accumulated depreciation method as per ROC, Checking and Verifying the Correctness of Deferred Tax Liability, Passing of Accrued Interest on FD's, Assisting in Generation of From 3CD (Tax Audit Report), Submitting Information and Verifying of Transfer Pricing returns in Form 3 CEB, Checking of Balance Sheet prepare by C.A
  • As per Books of accounts and incorporating the same in books of accounts, Posting of Entries and classification of all Fixed Assets purchase for Office and Factory, Preparing and updating of Fixed Assets Register, Monitoring Main Cash Register, Factory Cash A/c and Foreign Exchange A/c, Ensuring timely payments of rents of Offices and factory and utility bills monthly, Verifying of every payment made of vendors and contractors, Reconciliation of sundry Creditors, Passing of Debit Notes for short delivery of goods, cenvat credit availed or material rejected, Passing of Purchase Entry of Bills not received and follow up of the same, Follow up with CHA for generating export documents for goods exported and verifying the same with sales invoices, ROC matters such Din Application of directors, Din Application fees payment and Bank Charges creation follow up, Releasing monthly Salaries, deducting TDS, PF and PT, TDS, Income Tax and FBT, Central Excise & Service Tax, Sales Tax (Central and State, Professional Tax), Miscellaneous

Account Assistant

M/s Euro Ceramics Ltd.
01.2005 - 09.2007


  • Ensured proper record-keeping through meticulous data entry and filing practices, reducing information retrieval time significantly.
  • Enhanced financial reporting accuracy by diligently reconciling accounts and analyzing discrepancies.
  • Managed accounts payable and receivable processes, maintaining healthy cash flow for the company.
  • Supported the timely completion of month-end closing activities, improving overall financial operations.
  • Prepared and mailed account statements to vendors and kept meticulous correspondence documentation.
  • Reconciled bank statements and credit card accounts for accuracy and completeness.
  • Managed invoices, payments and deposits, maintaining accurate expenditure records.

Education

MBA - Accounting And Finance

Exeed College
Dubai
04.2001 -

T.Y.B.Com, II Class -

Chetna College of Arts & Commerce

H.S.C., I Class - undefined

K.J.khillnani College of Commerce

Skills

Advanced Microsoft Excel,Netsuite, Autologica ,Smart Client ,Tally Prime and MS office

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Websites

Phone

+234 708 331 3123, +91 8286995200

Personal Information

  • Date of Birth: 10/17/1982
  • Nationality: Indian
  • Marital Status: Married

Certification

Advanced MS Excel

Timeline

Advanced MS Excel

03-2024

Branch Accounts Manager

M/s Stallion Group - Automotive Division
04.2011 - Current

Account Officer

M/s FME INDIA PVT. Ltd.
10.2007 - 03.2011

Account Assistant

M/s Euro Ceramics Ltd.
01.2005 - 09.2007

MBA - Accounting And Finance

Exeed College
04.2001 -

T.Y.B.Com, II Class -

Chetna College of Arts & Commerce

H.S.C., I Class - undefined

K.J.khillnani College of Commerce

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IFTEKHAR AHSANBranch Accounts Manager