Praveen Inamdar

Financial Forecasting and Budgeting:

• Develop and manage annual and quarterly budgets, forecasts, and financial models.
• Analyze variances between actual results and forecasts, recommending corrective actions when needed.
• Collaborate with cross-functional teams to ensure alignment of financial goals with business strategies.

Financial Reporting and Analysis:

• Prepare detailed financial reports, including income statements, balance sheets, and cash flow statements.
• Conduct trend analysis to identify key financial performance indicators and business drivers.
• Provide actionable insights to senior management to support strategic decision-making.

Business Performance Analysis:

• Evaluate financial performance metrics (e.g., ROI, profitability, margin analysis).
• Identify areas for operational improvement and cost efficiencies.

Variance Analysis and Strategic Recommendations:

• Perform variance analysis between actual results and budgeted/forecasted amounts.
• Provide clear, concise explanations for significant variances, along with recommendations for improvement.
• Assist in making data-driven recommendations to enhance profitability and operational efficiency.

Cost Management:

• Monitor expenses and ensure they are aligned with budgetary guidelines.
• Identify opportunities for cost reductions without compromising operational effectiveness.
• Perform profitability analysis by business unit or department to optimize cost allocation.

Financial Systems and Tools: Support the implementation and improvement of financial systems to enhance reporting accuracy.

Team Leadership: Manage and mentor the Accounting & Reporting - General Accounting team, providing guidance, training, and performance reviews to ensure efficient operations.

Ad Hoc Financial Analysis: Prepare ad hoc financial analysis and reports as needed to support management and business strategy.

Compliance and Internal Controls:

• Ensure that financial planning and reporting activities adhere to company policies and accounting standards (e.g., GAAP, SOX).
• Collaborate with the accounting and audit teams to maintain financial control and audit readiness.

• General Ledger Management: Oversee the day-to-day operations of the general ledger, ensuring accurate recording of financial transactions in accordance with accounting principles and company policies.
• Financial Reporting: Prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow reports, ensuring timely and accurate reporting to management and stakeholders.
• Month-End/Year-End Close: Assist with the month-end and year-end close process, including posting necessary entries, ensuring completeness of financial data, and preparing necessary documentation for audits.
• Journal Entries: Prepare and post journal entries related to accruals, prepayments, reclassifications, and other accounting adjustments, ensuring they are in compliance with internal controls and accounting standards.
• Reconciliations: Perform monthly reconciliations of bank accounts, intercompany accounts, and other balance sheet accounts to ensure accuracy and completeness of financial records.
• Account Analysis: Review and analyze financial statements to identify discrepancies or unusual transactions, ensuring compliance with accounting policies and suggesting corrective actions as needed.
• Collaboration with Cross-Functional Teams: Work closely with other departments, including accounts payable, accounts receivable, and management, to ensure proper financial reporting and smooth interdepartmental communication.
• System Maintenance: Assist in maintaining and improving accounting systems and software, including the implementation of process improvements to enhance efficiency and data accuracy.
• Regulatory Compliance: Ensure compliance with accounting regulations (e.g., GAAP, SOX) and company policies, keeping up to date with changes in accounting standards and regulatory requirements.

• Invoice Management: Oversee the processing of incoming invoices, ensuring they are accurately recorded, matched to purchase orders, and approved according to company policies.
• Payment Processing: Supervise timely and accurate payments to vendors, ensuring all payment terms are adhered to and cash flow is managed efficiently.
• Team Leadership: Manage and mentor the accounts payable team, providing guidance, training, and performance reviews to ensure efficient operations.
• Month-End Close: Assist in the month-end closing process, ensuring that all accounts payable transactions are recorded accurately and in a timely manner.
• Reconciliation: Perform regular reconciliation of accounts payable to general ledger, ensuring discrepancies are identified and resolved promptly.
• Vendor Relations: Maintain positive relationships with vendors by addressing payment inquiries, resolving disputes, and negotiating terms when necessary.
• Reporting: Prepare and analyze accounts payable reports, including aging reports, and present findings to management for decision-making purposes.
• Audit Support: Assist in internal and external audits by providing necessary documentation and resolving any audit queries related to accounts payable.
• Process Improvement: Identify opportunities for process improvement within the accounts payable department, recommending automation tools or new workflows to increase efficiency.

• Invoice Processing: Review, verify, and process vendor invoices for payment in a timely and accurate manner, ensuring compliance with company policies and procedures.
• Payment Management: Prepare and execute payments for outstanding invoices, including checks, ACH transfers, and wire transfers.
• Expense Reporting: Monitor and record employee expense claims, ensuring they adhere to company policies and guidelines.
• Reconciliation: Perform monthly reconciliations of accounts payable to ensure accuracy and resolve any discrepancies.
• Reporting: Generate and assist in preparing accounts payable reports, including aging reports, payment schedules, and forecasts.
• Tax Compliance: Ensure proper application of sales tax, and other taxes as per applicable laws, and assist in tax reporting and filings.
• Record Maintenance: Maintain organized records of all accounts payable transactions, including invoices, purchase orders, and payment confirmations.