Prasad Parkhi

Profile Synopsis

Summary:  More than 18 years of Experience in Finance and Accounts .

What do I have to offer (Haves): Analysis of cost and taking steps to increase contribution by bringing down the expenses like Freight cost, Travelling expenses etc..

What do I seek (Wants):  Sensitivity Analysis.

Prasad Parkhi's Profile Overview

Current Company Commercial Manager at Khaitan Electricals Ltd
Industry : Electrical & Electronics
Department: Accounts / Finance, from Mar 2008 till now

Job Description : • Handling entire accounting operations for regional office - Compiling and analyzing of Financials
• Taking care of stock levels , calculation of distributor and C& F Agent ROI.
• Weekly monitoring of accounts receivables and analyzing them and approving the monthly credit
Limit on the basis of the same.
• Detailed preparation and consolidation of financial budgets, MIS and strategic plans, performing detailed analysis, review and making reports for top management.
• Reconciliation of the accounts of the debtors, Branch, Factories and Head office.
• Checking of the performance of the sales persons on the basis of the reports submitted by them and taking measures for reduction of traveling expenses.
• Preparing presentations and analytical reports for meetings and other forums for effective decision making.
• Initiating and monitoring cost reduction initiatives at Branch.
• Heading Accounts, Stores, EDP & Administration of the Branch.
• Finalization of the Balance Sheet of the Branch.
• Computing of Tax & Reviewing various Compliances of Professional tax , Sales Tax’s, Entry Tax , ESIC Etc. Reviewing compliance of Company Law Matters regarding filling of various form & Returns in ROC.
• Preparing tax plans and ensuring timely assessment and filing of direct & indirect tax viz, service tax and sales tax returns in compliance with statutory tax laws. Conducting audits for evaluating internal control systems / procedures with a view to highlight the shortcomings and implementing necessary recommendations

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Past Company Accountant at Godrej Agrovet Limited
Industry : Beverages/Food Processing
Department: Accounts / Finance, from from Aug 1992 till Feb 2008

Job Description :  Administering the complete finance & accounts functions encompassing preparation of branch accounts, taxation, receivables & payables management.
 Managing the proper functioning of accounts receivables and payables such as Bank receipts and payments.
 Monitoring the proper adequate issuance of credit / debit notes.
 Actively involved in interacting with the Tax consultant & Tax Authorities for supply of all requisite forms such as form ‘C’ & ‘F’.
 Efficiently managing the calculation, assessment and filing periodical returns for Commercial Tax, Entry Tax, Mandi Tax and Professional Tax.
 Liaisoning with various licensing authorities such as FGL, Nagar Nigam, Staff & establishment etc.
 Preparing and submitting the MIS reports to the regional office.
 Demonstrated abilities in suggesting, monitoring thereby ensuring optimum utilization of the availability and sales promotion budgets.
 Successfully handling accounting for Input – Output production statement for calculating the processing loss and proposing measures for minimization.
 Facilitating assessment of validation tour expenses and office variable expenses at organizational parameters.
 Managing and optimizing scrap management.
 Interacting with the marketing department for devising & effectuating production plans.
 Monitoring Raw Material stock status and expediting with the purchase department for regular supplies.
 Issuing work orders and raw material for production.
 Making Inventory cycle counts and taking steps to minimize process losses.
 Entrusted with the responsibility of planning the dispatch schedules, generating dispatch orders and invoices.
 Interacting with distributors for confirmation of orders and payments.
 Handling direct factory sales and ensuring for good services and customer satisfaction.

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Educational Information MBA/PGDM at Devi Ahilya University
from Jul 1995 till Jun 1997

Prasad Parkhi's Additional information

Reason to be on PeerPower :  Career Enhancement,Sharing Knowledge And Expertise,Reunion With Colleagues,Batchmates

Web Profile : http://www.peerpower.com/pub/prasadparkhi

Prasad Parkhi's Personal Details

Gender:Male

Interest:Analysing Sales, Cost , Contribution and Expenses.
Reading Books relating to self management and Spiritual matters