Pranav Makwana Email & Phone Number

Mumbai, MH, IN

Mumbai Area, India

• Introduced a systematic approach of maintaining documentation for accounting policies and procedures that resulted in standardizing operations across all levels of the organization and improved work efficiency by 10%.
• Saved Rs.3 million annually by reducing fixed overhead spending 4% and variable overhead spending 12% through a variety of cost-improvement initiatives through better utilization of resources.
• Reduced Workers Compensation costs 8% by implementing employee training, management accountability and equipment security.
• Successfully developed a monthly compliance matrix which covers all internal and statutory matters of the company and ensured strict compliance of the same before reporting to the top management.
• Implemented company-wide filing system for cash receipts and cash disbursements, addressing a previous concern voiced by external auditors.
• Modified risk management policy, bringing down risk scare by 30%

Mumbai, Maharashtra, India

• Supervised 7 degreed accountants in the day to day activities including: financial analysis and reporting functions, accounts payable, accounts receivable, cash receipts, budget review, payroll, monitoring provider.
• Key Contributor in forecasting of SG&A (Selling, General & Administrative Expense), restructuring SG&A through improved workflows, streamlined tasks and personnel resulting in a 15% savings annually.
• Led implementation of ERP system that streamlined the production reporting process and eliminated the need for 3 indirect heads, saving Rs. 150,000 per year.
• Reduced month-end close time frame by over 50% by scheduling and enforcing project deadlines
• Processed Payroll for 40+ employees.
• Minimized the processing cost by implementing Internet bank payments (e-banking)

Mumbai Area, India

• Successfully reviewed and compiled financial data from the company’s 20 units, including balance sheets, profit and loss statements, budgets and treasury reports, as well as forecasts which resulted in identifying.
• Prepared budgets and financial statements for 14 enterprises with over $1.6 million in annual revenue.
• Led a five-member team, managing projects, deadlines and tasks
• Produced monetary recovery of more than 1 million by identifying errors in contract billings & SMO reports.
• Identified and recovered approximately 100K in overpayments and negotiated significantly reduced payments for delinquent invoices sent to collections.
• Lead fraud investigation audit which lead to the successful prosecution and recovery of over Rs. 350,000.

Mumbai Area, India

• Mitigated and resolved operational accounting risk; identified problems with cash receipts and posting delays. Worked with senior accounting leaders to implement a daily cash audits.
• Created, implemented and maintained comprehensive database for reporting of productivity statistics to comply with corporate policies which resulted in significant time and financial savings.
• Streamlined the preparation of monthly, quarterly, and annual productivity reporting reducing review and input processes by 90% by working with IT to create a "data pull" from the existing system to upload the.

Mumbai Area, India

Received basic training in different finance verticals, the stock market and mutual funds.Successfully completed summer internship project in Equity Research on Passenger Car Sector.Carried out complete research on a Fundamentals of Various Companies.

Mms, Finance

Be, Information Technology