Prashant Balkrishna Howal

[email protected] (+91) 9773321806 1/3, Vasant Pawshe Chawl, Pune Link Road Behind Lokhande Ration Shop, Katemanivali, Kalyan East. Thane- 421306, State-Maharashtra, India
LinkedIn: https://www.linkedin.com/in/prashant-ohal-76530b173

PROFESSIONAL SUMMARY

Experienced Professional with proven work experience in Finance & Accounting. Expertise in Budgeting, Financial Planning, and Control Mechanisms. Proficient in Cost Forecasting, Monitoring, and Auditing processes. Skilled in conducting Profitability Projections, Trend Analysis, and Financial Analysis. Experienced in preparing comprehensive Accounting and Bookkeeping manuals. Proficient in Bank, Vendor, and Customer Account Reconciliation. Comprehensive knowledge of GST compliance, filing, and reconciliation. Extensive experience in ERP migration, including transitions from Tally to Baan Infor, and Baan Infor to SAP S/4HANA. Proficient in ledger scrutiny and resolving discrepancies with accuracy. Experienced in leading and mentoring teams, fostering professional development, and ensuring high-performance outcomes. Strong team player with excellent communication and time management skills.

WORK EXPERIENCE

Associate Manager – Finance & Controlling
07/2021 - Present
Godrej Koerber Supply Chain Ltd.
Analysed and validated order data to generate reports on trends, variances, and forecasts. Provided actionable insights for product, region, and customer segments, aiding revenue planning and business growth.
Conducted SD and FICO sessions for users, providing functional guidance. Ensured accurate data entry, process optimization, and system integrity to enhance operational efficiency and decision-making.
Ensured accurate GST filing and reporting by validating invoices and tax calculations. Monitored compliance with GST regulations, resolved discrepancies, and supported audits to mitigate risks and ensure statutory adherence.
Performed GL account reconciliations, variance analysis, and trend reporting. Ensured accurate postings, identified discrepancies, and provided actionable insights to improve financial reporting and compliance with accounting standards.
Reporting Costs v/s Budgets in the monthly Review Commercial with variance & reasons for cost deviations to management as Early Warning report for likely variance in Management Reserve & Margin.
Monthly Cost Tracking and sharing report with Departmental Heads for better Operational control.
Monitoring Company Cash Flow monthly basis and report to management with variance & reasons.
Account Receivable: Ensure invoice submissions, updating internal records and follow up for timely payments with customers. Send structured communications to customer including monthly financial statement (Invoice wise detailed billing breakup with Payment Terms, Collection Detail, Billing Summary against PO line, Outstanding) for timely and periodic reconciliation.
Ensuring Timely and accurate completion of Statutory Audit & Calendar Year (Accounts Receivables inc. aging with retention, Revenue testing - Matching with Sales register, Analysis of GL with reason for variation, Balance confirmation of Customers, Provisions, Balance confirmation of other assets / liabilities, Bad Debts as per policy, 26AS Reconciliation with TDS Recoverable).
Ensuring Timely and accurate completion of Statutory Audit & Calendar Year (Audit Accounts Payables inc. aging, Accounts Receivables inc. aging with retention, Revenue testing - Matching with Sales register, Analysis of GL with reason for variation, Balance confirmation of Supplier and Customer, Inter Company Reco, Balance confirmation of other assets / liabilities, Bad Debts as per policy, 26AS Reconciliation with TDS Recoverable).
Ensuring timely completion of internal audit.
Ensuring all accounting compliances.
Preparation, Examination and Analysis of Accounting Records.
Prepared accurate expense provisions by analysing trends and pending liabilities. Ensured timely recording, compliance with accounting standards, and proper reconciliation to support financial reporting and year-end closing processes.
Managed asset master data, acquisitions, depreciation, and disposals in SAP. Acted as process owner, ensuring compliance, process efficiency, and accurate reporting for fixed asset lifecycle management.
Ensured accurate and prompt order booking in SAP by coordinating with teams. Monitored order status, resolved discrepancies, and optimized processes to improve operational efficiency and reduce delays
Monitored service contracts and spare sales to ensure timely revenue recognition. Prepared segmented profitability reports while ensuring compliance with IFRS/Ind AS, enhancing accuracy and operational insights.

EDUCATION

B.com
01/2003
Mumbai University GPA: 66
H.S.C.
01/2000
Mumbai Board GPA: 70
S.S.C.
01/1998
Mumbai Board GPA: 61

SKILLS

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