Mahesh Abhyankar Email and Phone Number

Managing Account Receivables for 500+ customers across segments such as organized trade (key accounts, unorganized trade (General trade/ distributors), Government customers. Circulating overdues to all credit customers on regular basis ensuring monthly collections are done in par with given forecast.Periodic reconciliations for all customers which in turn expediate collections (ensuring weekly collection of 50 +crores)Forecasting of daily cash flow to Management Conducting regular review Meetings with Sales to Discuss and plan recovery of overdue, Reconciliations issues Etc.Proper track of Terms of trade, agreements, Bank guarantee, Personal guarantee of customers.Calculation of Dealers Incentive on Quarterly Basis.Ensure timely application of open credits.Blocking the customer for Billing in case of default in Payments and Payment CommitmentsReleasing the customer for billing, post payments receipt and necessary due diligence or as per Authority Matrix.Prepare 30+ and 90+ and Total Overdue reports with forecast collections and conduct meeting with respective stake holders and work towards achieving targets of collection, Reduction in 30+, 90+ and overall Overdue.Preparing Provision data and accounting of provision Entries on Monthly Basis.Support and help in Closure of Internal and External Audit with Nil Qualification points and within given time frame.Month end activities provisioning, review of expenses, discounts, incentives.

Managing Account Receivables for 300+ customers across segments such as organized trade (key accounts, unorganized trade (General trade/ distributors), Government customers. Circulating overdues to all credit customers on regular basis ensuring monthly collections are done in par with given forecast.Periodic reconciliations for all customers which in turn expediate collections (ensuring yearly collection of 200 crores)Conducting regular review Meetings with Sales to Discuss and plan recovery of overdue, Reconciliations issues Etc.Proper track of Terms of trade, agreements, Bank guarantee, Personal guarantee of customers.I/C Reconciliation & Sign off on monthly basis.Ensure timely application of open credits.Quarterly Review and assessment credit limit of Customers Basis Primary, Secondary, Payment History and Joint Business Plan.Blocking the customer for Billing in case of default in Payments and Payment CommitmentsReleasing the customer for billing, post payments receipt and necessary due diligence or as per Authority Matrix.Prepare 30+ and 90+ and Total Overdue reports with forecast collections and conduct meeting with respective stake holders and work towards achieving targets of collection, Reduction in 30+, 90+ and overall Overdue.Preparing Provision data and accounting of provision Entries on Monthly Basis.Support and help in Closure of Internal and External Audit with Nil Qualification points and within given time frame.Monitoring of Sales Margin on weekly basis.Month end activities provisioning, review of expenses, discounts, incentives.Visits to Govt. & Corporate Customer for Overdue payments follow-ups.Support Legal Functions in Case of Default Customer with necessary data to file with NCLT/ Legal Proceedings.Revenue Recognition workings

 Scrutinizing & maintaining correct Accounts Receivable besides Credit Control; ensuring adherence to statutory compliances. Resolution of Debtors queries & escalations  Entrusted with the responsibility of maintaining statutory compliance in the areas of Debtors accounts reconciliation; ensuring AR Reconciliation and investigating the intercompany balances.  Rendering services as a key participant in important Management Decisions; dexterous in Provisions, credit & debit note, Intercompany Invoice, Reconciliation and improvement initiatives; controlling Daily Collection & payment, deftly preparing monthly projected Cash In-Flow. Ensuring timely monthly closing along with sign off from Inter co. Shouldering the responsibility of developing and maintaining healthy and cooperative working environment within organization by assisting and coordinating with others time to time to ensure smooth flow of business operations.

 Monitoring the Day to day accounts, verifying authenticity of entries, interfacing with the banks to streamline overall accounting operations Preparing and submitting structured MIS reports to the senior management in defined periodicity.  Providing complete administrative support to the branches for smooth operations Prepare Credit Notes with proper supporting and approval. Maintain regular communication regarding payment  Setting Credit limit for new customers & reviewing the same periodically. Releasing of credit blocks & Blocking of Overdue customers  Contributed leadership to cross functional teams including Branch managers, Branch finance managers and operations professionals and provided them needed administrative and strategic support to improve overall operational effectiveness Exercised effective credit control as per company’s policies and maintained debtors level within acceptable limits Performed as a member of team in implementation of SAP system. Responsible for keeping track of Collection through Direct Credit & Deposit at Stock Point. Handled Ageing Analysis & Preparation of Divisional O/s Reports; Blocking of Over-due Customer /DSO Management. Followed up for collection of TDS Certificates & various forms like F,C & H. Adroitly maintained statutory books of accounts, preparing details of Balance Sheet; while ensuring compliance with accounting standards & procedures. Implemented compliance procedure for Tax Debtors Outstanding & reconciliation; deftly managed the Bank and Creditors Reconciliation.

 Deftly handled Customer’s region wise company reconciliation working across India & outside India on time delivery of the same to SCM & Regional accounts team. Involved in the collection of Debit notes & Payment details from MT chains & getting it accounted through regional accountant. Prepared MIS for Export sales and institutional Sales & Stock position. Involved in the preparation of Promotion sheet for Chain on PAN India basis, Monthly Provision for Visibility, Near Expiry & Promotions, brand wise spends. Validating & accounting customer claims (credit notes) for schemes promotions, freight, etc. (Approx. 400 claims monthly). Additionally, shouldered the responsibility of Insurance Claim statement & liaison with Auditors & government authorities.  Maintained healthy and cooperative working environment within organization by assisting and coordinating with others time to time to ensure smooth flow of business operations.

 Handled Sales & Collection Control a/c and Bank Reconciliation along with Audit coordination with all departments. Managed reconciliation of major customers; analysis of various Accounting balance.  Involved in checking & processing of Employees Travel Expenses.  Maintained general ledger with regular scrutinizing; petty cash book. Kept track on payment from major customer (CSD). Responsible for preparation of accounting vouchers like payments, receipts & journal vouchers.

 Involved in checking & processing of Bills; reconciliation of Vendor Ledger.  Handled processing of Debit & Credit Notes. Calculation & processing of Incentive Claims.