Summary
Overview
Work History
Education
Skills
Interests
Personal Information
Accomplishments
Software
Timeline
AccountManager
Nityananda Shetty

Nityananda Shetty

Account Manager
Mangalore

Summary

Dynamic and results-driven Accounts and Finance Professional with over 15 years of experience in financial reporting, general ledger management, budgeting, and compliance across diverse industries. Expertise in preparing precise monthly, quarterly, and annual financial statements while effectively managing accounts payable and receivable to ensure adherence to regulatory and tax requirements. Proven track record of streamlining accounting processes, supporting audits, and implementing robust internal controls that enhance financial accuracy and operational efficiency. Proficient in leveraging ERP systems and advanced accounting software, complemented by strong analytical skills, meticulous attention to detail, and a steadfast commitment to maintaining high standards of financial integrity.

Overview

14
14
years of professional experience
5
5
Languages

Work History

Account Manager

VB-Group (Canon & Globe)
03.2022 - Current
  • Directed accounting department, managing team of 9 accountants, guaranteeing accurate and timely financial reporting, and streamlining workflow to meet deadlines.
  • Directed routine banking activities such as processing deposits, executing payments, managing overseas transfers, facilitating letters of credit, ensuring bank guarantees, conducting reconciliations, and handling loan documentation by engaging directly with bank officials.
  • Processed and tracked cash payments across multiple currencies, guaranteeing accuracy, appropriate documentation, and adherence to internal controls.
  • Directed and approved monthly payroll operations, validating precision of salary computations, deductions, and conformity with organizational policies.
  • Compiled and examined monthly expense reports, identifying trends and proposing cost-reduction strategies, enhancing budget efficiency and transparency for Owners.
  • Executed monthly cash flow and fund flow analysis to evaluate financial health, enhance decision-making, and strategize for short-term and long-term funding needs.
  • Oversaw logistics expenses for import and export shipments, coordinating with freight forwarders to ensure cost-effective transportation and negotiating rates while managing invoicing with logistics service providers.
  • Compiling and evaluating monthly factory reports and FOB reports.
  • Completing quarterly and annual financial statements
  • Directed financial oversight of GAFI activities such as rent and customs clearing fees.
  • Strengthened warehouse accuracy and accountability by enforcing strict GRN standards and conducting scheduled stock evaluations.
  • Formulated and evaluated budgets, forecasts, and variance reports.
  • Oversee general ledger, journal entries, and account reconciliation.
  • Managing and analyzing aging reports, facilitating resolutions for outstanding receivable or vendor disputes.
  • Oversaw vendor and customer reconciliations while ensuring accuracy
  • Executed tax calculations, filing, and collaboration with auditors.

Senior Accountant

Embee Group of Company
08.2015 - 12.2021
  • Compile monthly, quarterly, and annual financial statements
  • Facilitate month-end and year-end closing processes, ensuring precision and punctuality.
  • Oversee reconciliations of balance sheet accounts and rectify discrepancies.
  • Manage junior accountants and facilitate training sessions on accounting procedures.
  • Analyzed financial performance and provided actionable recommendations to top management. Implemented improvements to streamline financial processes and enhance efficiency.
  • Collaborate with internal and external auditors while supporting annual audit procedures.
  • Guaranteed accuracy and timeliness in tax filings (Withholding tax, Income tax, and General tax) and assisted with tax audits.
  • Cash handling alongside multi-currency transactions including EGP, USD, and Euro cash.
  • Analyzing and preparing monthly cash flow and fund flow statements
  • Oversaw payroll and accounts receivable/payable management.
  • Engage logistics team and forwarder to analyze market costs aimed at minimizing excessive expenses.
  • Conduct review and finalize salary structures for expats and locals.
  • Conducted thorough bank reconciliations for precise financial accuracy. Facilitated inter-unit reconciliations to maintain consistency in departmental accounts.

Accounts & Audit Associate

Chartered Accountant -Mr. Suresh Kumar, ACA
07.2011 - 07.2015
  • Conducted concurrent Audit of a Co-operative Bank covering Head Office and its sixteen branches on a monthly basis and Statutory Audit of Nationalized Banks.
  • Managed sales tax compliance from registration to annual return filing, encompassing issuance of C-forms, obtaining delivery notes, VAT 240 processing, and monthly VAT returns for various clients
  • Accounting and Management Services for Small and Medium Enterprises including HSD Dealers, Retailers, Contractors, ESI and PF Return Preparation, Stock Statement filing, Service Tax Return Preparation, Entry Tax Return Preparation, etc.
  • Preparation, finalization, and filing of income tax return from acquiring PAN number, e-filing, etc.
  • Oversaw preparation of Account Payable and Receivable Accounts
  • Preparation and processing of Advance Tax, TDS, Self-Assessment Tax, etc.
  • Completion and organization of financial records (including bank reconciliation statement, reconciliation with VAT and service tax filings, adherence to statutory requirements like TDS, PF, profession tax etc.)
  • Conducted correspondence with bankers concerning credit card renewals and drawing power regulations. Handled bank guarantees, letters of credit, and payment transfers through RTGS and NEFT systems. Maintained effective communication with financial partners to support operational needs. Ensured adherence to banking protocols in all correspondence regarding financial transactions.
  • Correspondence with retainers regarding income tax, tax withheld at source, provident fund, service tax, works contract tax, etc.
  • Oversaw Accounts Receivable and Payable.
  • Oversee purchase management from requisition slip preparation to purchase order follow-up and final payment after evaluating trade discounts and rebates.

Education

BBA - Accounting And Finance

Mangalore University
Mangalore, Karnataka. India.
04.2001 -

Skills

Client Relations - Expert

Interests

Reading, Travel, Fitness, Learning languages & Learning new things

Personal Information

· Passport Number: C7353210

· ID Type: Passport

· ID Number: C7353210

· Date of Birth: 18-Sep-1989

· Nationality: Indian


Current Address: 

Beside Green Plaza Mall

Acid Compound, Smouha,

Alexandria, Egypt.

Tel- +201277330374


Accomplishments

  • MS Excel - Prepared and formatted financial project reports, budget spreadsheets and expense reports for monthly review.
  • Supervised team of 9 staff members.
  • Used Microsoft Excel to develop inventory tracking spreadsheets.

Software

Tally ERP & ERP System

Winman -Income Tax Software

Banksoft & FlixiCub -Banking Software

Advanced Excel

Timeline

Account Manager

VB-Group (Canon & Globe)
03.2022 - Current

Senior Accountant

Embee Group of Company
08.2015 - 12.2021

Accounts & Audit Associate

Chartered Accountant -Mr. Suresh Kumar, ACA
07.2011 - 07.2015

BBA - Accounting And Finance

Mangalore University
04.2001 -

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Nityananda ShettyAccount Manager