Satish Bhagwat Email & Phone Number

Bengaluru, Karnataka, India

India

-Oversaw VAT compliance for 5 jurisdictions, ensuring timely and accurate filings- Prepared, analyzed and submitted EMEA VAT return filings and related documentation.- Initiation of payment tickets and liaison with VM team for payment setups and AP team for successful payments.- Assisted with VAT registrations and De-registrations across various jurisdictions- Handled VAT compliance queries from Tax Authorities across EMEA Region.- Collaborated closely with controllership team and accounting team and helped in the process of account reconciliations.- Provided VAT compliance support to colleagues throughout the business and accounting groups.- Successfully automated monthly tax obligations using predetermined rules for data extraction and return preparation.- Prepared SOPs for the new processes and updated SOPs for existing processes.- Successfully negotiated with Tax Authority for various VAT refunds.

India

Bengaluru, Karnataka, India

• Drafting and reviewing Balance sheet accounts reconciliations of EMEA region using Blackline.• TB & BS Flux - validated balances in all BS accounts, provided comments.• Analysis and review of FP&A entries.• Worked closely with other teams in resolving issues/open items in reconciliations.• Reviewed journal entries, reconciliations and roll forwards within specific timelines for month-end close.• Sanity check and recording of accounting entries for Payroll and PTO and Miscellaneous Payroll Journals.• Calculating and recording End of Service Accruals for entire EMEA region.• Prepared and recorded VAT adjustment/offset entries and done VAT clearing.• Validated and recorded MBO, Standard JEs for professional fees.• Accrued liabilities and Prepaid Amortization validation on regular basis and recording TrueUP / TrueDOWN and Reclass entries whenever required.• Coding of EBS transaction for 8 entities and ensuring proper clearing of cash clearing and AR clearing accounts.• Undertaking all the GL related activities for the entities in EMEA region when necessary.• Participated in the INNOVENT 5.0 program and suggested improvements in the automation of VAT reconciliations.

Bengaluru

•Prepared and analyzed Monthly Financial statements, in-depth performance review of business units and provided analytical insights to management.• Forecasted cash flows, Budget vs Actual Incomes & Expenses, prepared Variance analysis, trend analysis and customer behavior analysis.• Analysis and reconciliation of General ledger, Inter-company, Expenditure, and revenue accounts.• Automation and customization of various reports in ERP and integration of the same with tally.• Identified operational process inefficiencies and recommended necessary improvements.• Fixed Asset and Inventory Management.• Reviewing of all the Accounting and Statutory compliances including following.- R2R process.- All GST Filing of returns, GSTR-1, 3B and GSTR-9.- All statutory Compliances, TDS payments, Quarterly filing, Form-16/16A.- Compliance and payment of PT/PF.- Shops & Establishments, Companies Act, FSSAI and other compliances.• Managed and Monitored Finance and accounts team and trained team members.• Overseeing of accounts payable process and approving of vendor payments.• Setting of sales targets, overseeing accounts receivables and daily collections.

Bengaluru

Client worked- Stove Kraft Limited• Preparation of standalone & consolidated Ind AS financials and related schedules.• Handled Statutory Audit–Including the limited review of manufacturing company. (Client- Stove Kraft limited, audited by Deloitte)• Handled all audit queries and preparation of Variance analysis.• Handling huge amount of data using power query and performing reconciliation.• Overseeing the implementation of perpetual inventory system through SAP MM Module and handled the team of 20+ people.• Preparation and analysis of P2P and O2C reports.• Preparation of financial statement of Private Limited companies and income tax compliance.

Bengaluru, Karnataka, India

• Maintenance of Books of accounts of Companies and handling payroll.• Monthly Statutory compliances (GST, TDS, ESI, PT, PF)• GST annual returns preparation and GST audit. (major clients are,- E-commerce - Swingy- Manufacturing – Himalaya Drugs company.- Textile Industries- Tommy Hilfiger, Calvin Klein- Other companies including Shipping, Renewable energy, and IT sector.• Preparation of GST refund application and liasoning between GST offices• Secretarial compliances.

Ca Final, Attempted

Ca Inter

B.Com, Commerce

Education record