Ajit Aminbhavi Email & Phone Number

India

Mumbai Area, India

Drive the financial planning and support the formulation of the short term and medium term business plan for the Center. Ensure operational efficiency and fiscal discipline by developing and implementing appropriate processes and systems in accordance with statutory requirements, corporate policies and procedures. Monitor various activities within the Center for compliance to the business plan through effective MIS and reporting mechanisms

Mumbai

Led the entire gamut of financial operations for all projects of Phoenix GroupCreated forward-looking, predictive models & activity-based financial analyses; facilitated development of model to deploy strategic plan and annual budgets for long term planning purposesLiaised with financial institutions and banks for obtaining working capital, term loan and non-fund base limits Mobilized funds at regular intervals as per the need of the company to overcome working capital requirements; built and maintained effective relationships with various banks & financial institutions Steered Implementation of ERP for all projects of Phoenix GroupDocumented new business functions to facilitate training needs of end usersUpdated centers towards progress of issues/conflicts as per agreed procedureManaged additional change requests through effort monitoring and business case preparation; managed the application and resolved technical issues/conflicts by working in close coordination with Yardi Collaborated with team to garner business knowledge of High Street Phoenix

Mumbai Area, India

Drove timely & accurate processing and/or validation of financial transactions (daily transactions, adjusting journals, tenant statements)Ensured correct capturing of all leases through lease audits of all leasesReviewed budget, analyzed variances and took corrective actionsDeveloped monthly management accounts for the client’s property Controlled account reconciliations – GL, CM, AP, journals, posting of batchesServed as custodian of Property Management financial information & recordsLiaised with Facility Managers for controlling operating costs & forecastsAssisted the Centre / Property Manager with financial duties i.e. preparation of office and building budgets; managed office expendituresVerified accuracy of the following reports & systems: Stats Flash, New Deals, Vacancy, Unsigned Leases Reports and SpacemanDeveloped monthly management reports and operational MIS Performed analytical review of financial statements; forecasted overall cash flow requirements and managed working capital flow Tracked costs, revenue & collection cycles to develop and improve systems Performed general ledger reconciliations as per internal & external audit requirements; validated monthly inter-company transactionsLiaised with banks for working capital requirements of the companyCalculated depreciation and Profit & Loss on sale of investments as per IT Act; computed Service Tax Liability & Fringe Benefit Tax; filed E TDS, Service Tax & Income Tax returnsManaged capitalization & reconciliation of fixed assets; calculated depreciation as per Companies Act and Income tax Act

MIS : Control of MIS for Top Management and Business headsMonthly Management reporting of Financial analysis and budgetary comparisons (Preparing monthly management accounts, review and reconciliation of balance sheet accounts, budgeting, forecasting , statutory accounts, analysis on performance and profitability).Operational MIS (Analysis of business done by each segment), monthly branch wise & Segment wise Profitability.Analysis of branch wise expenses Vis-a Vis budget.Financial MIS to the Aditya Vikram Birla Group (Corporate MIS division).Budget & Forecast Preparation (Business Plan).MIS to Sun Life Canada.Taxation :Calculation & Computation of Advance Tax (Quarterly) & Annual Income Tax.Calculation of Depreciation and Profit & Loss on sale of Investments as per Income tax Act.Investment Tax Planning.Calculation & Computation of Service Tax Liability.Calculation & Computation of Sales Tax & Works Contract Tax Liability.Handling Income tax Assessments and Service tax Assessments. Calculation and Computation of Fringe Benefit Tax (FBT).Income tax certificate u/s 197 for lower rate of deduction of tax.Fixed Assets :Branch capitalisation & reconciliation of fixed assets.Calculation of Depreciation as per Companies Act and Income tax Act.All India Asset Insurance.Accounts :Finalisation of AccountsControl over payments & Cash managementStatutory Audit :Finalisation of Statutory, Internal and Tax Audit report.Fulfilling Statutory requirements for Dividend payment & Buy back of equity shares.Gratuity & Superannuation trust :Maintaining trust accounts and Investment of members.Finalisation of trust accounts.Approval for Income tax Exemptions.Filing and registration of Trust u/s 12AAFiling and grant of Approval u/s 80 G.Major Achievements :Cost Reduction in the following areas; All India telephone cost All India Insurance All India Electricity

Compiling accounts of group of hotels & conducting audit on a regular basis Preparing E-TDS returns as well as TDS challans for all group Companies.Bank reconciliation and co-ordination with branches for compilation of accounts on monthly basis. Preparing MIS reports for Hotels on Monthly basis.Reconciliation of Debtors & Creditors.Preparing accounts of Investment companies(Shares accounting in total)

Fund Management- Day to day requirement and investment of surplus of funds.Ageing analysis of Debtors & Creditors.Reconciliation of Branch account with Head Office.To maintain secretarial records of all group Co's.Completing Tax Audit Assignment of group Co's.Debtors ManagementMaintaining day-to-day Accounts up to finalization and coordination with the auditors.Calculation of Income tax and Sales tax liabilities.

Maintaining day-to-day Accounts up to finalization and coordination with the auditors.Ageing analysis of Debtors & Creditors.Reconciliation of Branch account with Head Office.Liaison with banks.Office Administration.

Handling sales tax matters.Assisting in Finalization of accountsBank Reconciliations.Liaison with banks.Office Administration.

Audit Matters (Audit of Partnership firms, Pvt.Ltd.Cos including Ledger scrutiny and Journal Vouching.)Financial Accounting. (Finalization of sole trading concerns, Partnership firms and Pvt. Ltd. Cos.) Income tax matters(Computation of Tax liability of individuals, HUF, Partnership firms & Pvt. Ltd. Co) Sales Tax Matters (Attended Sales tax matters, Assessments hearing cases of Proprietorship, Partnership firms & Limited companies)

B. Com

(IST Class - 61%).

Education record