Objective

MAHENDRA PARATE
Dy. Manager ● Result oriented and highly productive Accounting specialization
with 16+ years of extensive experience in Accounts Payable.
Accounts Payable Specialist ● Hands on experience on SAP FICO, SAP MM Module, Expertise
in P2P process cycle, Reconciliation of Books of Accounts, and
handling statutory compliances such as Audit, GST, TDS.
Contact Expertisation in Excel with Vlookup, Pivot & Sumifs functions
• Project Budget preparation (Capex & Opex), Monitoring and
Nagpur, Maharashtra control relating to setting up of new manufacturing facilities or
mahparate1984@gmail.com expansion and modification of existing facilities
9975741367 ● Demonstrated ability to ensure timely approval of Invoices and
Payments, rationally identifying procedure-enhancing processes,
Education
keenly researching corrective actions for problem invoices.
MBA in Financial Management
● Solid understanding of the latest accounting and financial concepts
B.Sc. in Mathematics and possesses the ability to deal with ambiguity and changing
Certificate in NISST (National Institute of Secondary business requirements.
Steel Technology) with “A” Grade from Nagpur in ● Excellent communication, organizational and interpersonal skills
October-2011
with the ability to relate to people at all level.
(One Year Certificate Course in Iron & Steel
● Preparation of Budget Vs Cash flow, Project and Product Costing
Technology)

Personal Details Cost Control :

th
DOB : 14 Nov 1984 a) Monitoring project expenditures against approved budgets,
Gender : Male identifying and addressing any variances promptly and
escalating for necessary actions.
Maternal Status : Married
Nationality : Indian b) Implement effective cost-control measures to optimize project
spending and ensure adherence to financial guidelines
Languages c) Develop & manage cash flow projections based on project
milestones and expenditures
English
d) Ensure the fund requirement is communicate to the respective
Hindi function head for project activities and coordinate with relevant
Marathi departments for timely disbursement

Skills Internal Process and Compliance Management :

MS Excel a) Ensure adherance to financial regulations and internal policies
MS Word b) Maintain accurate and up-to-date financial records and
SAP FICO documentations for Audit purposes
c) Co-ordinate with Internal and External auditors to faciliate
Strenghts Project financial audits, BRSR Audit
d) Address Audit findings and implement corrective actions as
necessary
Leadership : Managed multiple engagement teams
ensuring on Budget completion of Financial
statement audits, resulting in increased efficiency and Stakeholder Management – Vendors :
client satisfaction
a) Oversee vendor contracts and payments negotiating favorable
Problem Solving : Proactively identified and terms and ensuring compliance with Project guidelines
resolved technical and service issues, improving b) Assess and manage financial risks associated with vendor
client relationships and service delivery
relationship
Communication : Excelled in maintening open lines c) Check and pay the running account bills in line with the work
of communications with clients about engagement order terms/contracts.
and service
Company Profile :
Lloyd’s Metals & Energy Ltd, Mineral Based Steel Plant at Konsari, Gadchiroli, Maharashtra
(Green Field Project) is proud to announce that its Iron Ore Mine located at Surjagarh has been
awarded a 5 Star Rating by the Indian Bureau of Mines (IBM),
It had invested the Rs.31,000/- Cr in Greenfield Project at Konsari in Gadchiroli District

Existing Employment History

As an Deputy Manager – Finance & Account

Lloyds Metals and Energy Ltd., Gadchiroli, Maharashtra
December 2022 – Present
Achievements/Tasks
● Hands on experience in Product Costing, Overhead Costing, commercial support, Corporate
MIS, Preparing Budgets, Comparing Budget vs Actual, Expenses Analysis, Implementation
various kind of reports in SAP to ease the business process (Finance related), Project
implementation & budgetary controls, Budgeting, Corporate MIS, and Finance & Accounts
● Implementing Work Breakdown Structure (WBS) concept in SAP for Projects Budgetary Control
included 2*4 MTPA Pellet Plant, 87 KM Slurry Pipeline, 10 MTPA Grinding Unit, 10*2 MTPA
Beneficiation (BHQ) Plant, 3 MTPA Integrated Steel Plant
● Analysis of Operational Budget w.r.t inputs received from various divisions. Compiling the
inputs and presenting to Top Management for further review. Mid-Term Review to Track Budget
factoring increase / decrease targets, if any.
● Budget Vs Actual expenses analysis on monthly basis, Cash Flow Planning and ensuring
optimum utilization of funds.
● Analyse Budget variances for corrective actions and necessary escalation.
● Preparing and Finalizing Corporate MIS every Month represents to Management regarding the
Progress report of Project
● SAP Implementation & co-ordination with IT team to resolve issues
● GL Scrutiny and timely correction in case discrepancy found , as per relevant Accounting
standards, also ensuring timely closing of monthly accounts and quarter closing activities and
also maintaining SAP clearing
● Purchase order review, CS checking with all comercial aspects and PO concurrence to release in SAP
● Responsibility for all daily accounting transaction like, open GR/SR, Invoice booking and
payment of Raw materials, Stores & spares, Services, Contractors etc.
● Monitoring open GR, SR, Freight GR and Vendor / GL clearing
● Assisting in statutory Audit & Internal Audit, coordinating all required data for timely and hassle
free closing of Audits. Co-ordinator for BRSR Data preparation & Validation
● Ensure compliance to BRSR (Business Responsibility and Sustainability Reporting) framework
of SEBI.
● Creation of New Asset code, GL, Cost center, cost elements and Internal Order
● New Vendor creation and Vendor Master Data Control
● Vendor Reco., Bank Reconciliation, Vendor & Inventory ageing report, Open PR and PO analysis
● 5S foundation and TPM Piller co-ordinator, Implementing Office TPM
Key Highlights :
● Capital and Operational Budget Handling for total twelve plant code of Three Companies at a
time, simultaneously WBS Project of Capex & Opex implement in SAP accordingly.
● Sale order process creation in SAP and implementing smoothly for dispatch of MS Scrap
● PR/PO creation training conduct and given to the User which are first time intract with SAP

Previous Employment History

As an Assistant Manager - Finance & Accounts

Jai Raj Ispat Limited, Hyderabad, Telangana
December 2021 – November 2022
Achievements/Tasks
● Monitoring the timely Purchase vouchers posting in system against material received at site.
● Checking of Purchase vouchers with Purchase order and Material Invoice
● Responsible for all payments of Supplier, Vendor and Contractors.
● Review of purchase order payment terms, Freight and delivery conditions
● Creation of Sale order, Sale Invoice, E-invoice, E-way Bill
● Monitoring expenses GL and TDS ledger, Bank payment voucher, Bank receipt voucher,
Journal vouchers, Cash vouchers
● Advanced adjusted with supplier at the time of payment, record keeping and Bank reconciliation

As an Assistant - Finance & Accounts

Sunflag Iron & Steel Co. Ltd., Bhandara, Maharashtra
October 2007 - November 2021
Achievements/Tasks
● Accounting of Raw Material, Stores & Spares, Consumables and Transportation Invoices in SAP
as per SOP, PO contracts and Specification of materials.
● Accounting of Conversion Bills of Bright Bar material in SAP against PO and Job work Contract.
● Contractor Invoices accounting in a SAP as per contract / on the basis of Approval taken from
Authorised person.
● MIS preparation of Vendor Ageing for Outstanding Dues and Data analysis.
● Purchase order concurrence to releasing in SAP.
● MIS reports required time to time for preparation of Balance sheet or any purpose (GR/IR
pending list, Quality acceptance, Debit Balance list).
● Vendor reconciliation and clearing of open items, Bank reconciliation, Ledger scrutiny.
● Process journal entries and perform accounting corrections to ensure accurate records.
● Manage vendors, including timely responding to vendors queries.
● Releasing payments of Vendor and Suppliers, Vendor a/c settled with the help of Dr/Cr notes.
● Resolve Auditor queries / Compliances.
● Understanding of Payroll systems, Salary related Data working & Full & Final settlements.