Krunal Domalwar
Ahmedabad ,India
Summary
Dynamic and meticulous Assistant Manager with 11 years of experience. Demonstrated expertise in Audit Planning & Execution, Risk Assessment, and Internal Controls & Compliance. Expertly conducted monthly cash verification to ensure precision and adherence to financial regulations. A 2014 Master of Commerce graduate, excel in problem-solving and communication, with strong leadership and data analytics abilities. Eager to leverage skills to contribute effectively to team, upholding ethical practices and driving financial excellence.
Overview
1
1
Certification
Work History
Assistant Manager
Rushil Decor Ltd
Ahmedabad , India
04 2023 - Current
- Conducted meticulous pre-audit and tracking of daily import-export transactions, pinpointing and resolving abnormal charges to bolster operational integrity.
- Conducted comprehensive logistics audits to identify inefficiencies, resulting in reduced operational costs through optimized transportation, warehousing, and inventory management.
- Spearheaded comprehensive payroll audit processes, meticulously verifying employee data, pay rates, and deductions, which led to 15% reduction in payroll discrepancies, streamlined payroll operations, and reinforced compliance with statutory regulations.
- Spearheaded monthly warehouse expense audits, meticulously analyzing all operational costs and financial records to ensure accurate reporting. Identified and implemented cost-saving measures, optimized inventory management practices, and enhanced overall cost-efficiency in warehouse operations.
- Conducted monthly audits for statutory compliance with TDS, GST, PF, ESIC, and Factory Act requirements. Prepared comprehensive quarterly reports detailing audit findings, compliance status, and actionable recommendations, which ensured regulatory adherence and operational excellence.
- Conducted detailed stock audits to ensure inventory accuracy and compliance. Analyzed audit results and effectively integrated findings into SAP, optimizing inventory management and improving system accuracy for better decision-making.
- Conducted thorough audits of insurance claims and insurance premiums, ensuring accuracy and compliance with policy terms and regulatory standards. Prepared detailed reports on audit findings, identified discrepancies, and implemented corrective actions to optimize claim processing and premium calculations.
- Conducted daily audits of factory-related expenses, ensuring meticulous accuracy and compliance. Implemented robust control measures to monitor expenditures, leading to enhanced cost efficiency and operational performance across facility.
- Preparing MIS reports involves collecting and processing data as per management instructions, ensuring meet required standards and deadlines. These reports effectively present key business metrics to support informed decision-making.
- To prepare return material valuation using FIFO method, determine purchase price of oldest inventory first. Apply cost of oldest stock until entire quantity is accounted for. Finally, update inventory records and financial statements accordingly.
- Conducted thorough scrutiny of ledger entries, ensuring accuracy and compliance with accounting standards. Identified discrepancies and provided actionable recommendations for improvement. Streamlined audit processes through implementation of automated tools, reducing audit time and increasing efficiency. Ensured adherence to latest accounting standards and regulatory changes, maintaining organizational credibility and enhancing financial reporting accuracy and integrity through meticulous audit practices.
Audit Executive
Rushil Decor Ltd
Ahmedabad , India
01 2016 - 03 2023
- Sales audit is extensive review of company's sales processes, strategies, and results to identify areas for improvement and ensure alignment with company's strategic goals. audit involves defining scope, gathering relevant data, analyzing this data to uncover trends and weaknesses, and preparing detailed report that highlights key areas for enhancement. Following audit, necessary adjustments are made to sales process, and progress is continuously monitored to ensure ongoing improvements.
- Experienced in accounts payable with focus on enhancing invoice verification through three-way matching system, ensuring accurate payments and fraud prevention by cross-referencing purchase orders, invoices, and goods receipt notes.
- Examine original documents like receipts, bills, and invoices to ensure match entries in cash book. Check that cash receipts are serially numbered and entered on correct date. Confirm that all transactions are properly authorized by responsible officer. Cross-verify vouchers with corresponding ledger entries and customer records. For cash received and deposited directly into bank, verify amounts with bank statements. Verify interest received and ensure loan repayments comply with tax regulations. Check rental agreements and subscription registers for accuracy.This process helps detect errors, prevent fraud, and ensure all transactions are genuine and properly recorded.
- Review and validate salesmen's Travel and Daily Allowance (TADA) claims, ensuring compliance with policies and detecting discrepancies.
- Audit advance payments by verifying approvals, compliance, and documentation while reconciling expenses and ensuring timely settlement.
- Audit advance payments by verifying approvals, compliance, and documentation while reconciling expenses and ensuring timely settlement.
- Conduct stock audit by verifying inventory records against physical stock, ensuring accuracy, compliance, and identifying discrepancies at factory consignment branch. Document findings and provide recommendations for inventory management improvements.
- Conducted monthly cash verification to ensure accuracy and compliance with financial regulations.
- Assessed financial statements for disclosure of pertinent information.
Accountant
Deep Marketing
Ahmedabad , India
07 2014 - 01 2016
- Record and verify daily sales and purchase bills to ensure accuracy, update accounts, and maintain up-to-date financial records. Regular review helps detect discrepancies early.
- Gathered and recorded all monthly expense vouchers with precision, ensuring thorough verification, reconciliation, and proper approval processes to maintain organized financial records.
- Enter bank transactions weekly to maintain current records, and reconcile bank statements monthly to ensure accuracy and identify discrepancies.
- Prepared incentive claims based on sales & purchase achievements and submitted them to HCCBPL for approval, ensuring accurate documentation and timely processing. Monitored incentive disbursements and addressed any discrepancies promptly.
- Conduct bi-monthly stock audits in Godown, comparing physical counts to system records. Reconcile any discrepancies and adjust system for yearly shortages or excesses to maintain accurate inventory management.
- Record all petty cash transactions daily, ensuring accurate documentation and ledger entries. Reconcile daily cash balances with recorded transactions. Secure cash in safe location, allowing access to authorized personnel only.
- Assist in finalizing trial balance, P&L, and balance sheet by recording and posting adjusting entries, verifying balances, and ensuring compliance with accounting standards for accurate financial reporting.
- Facilitated company-wide budget meetings; achieved consensus on fiscal strategy.
Education
Master Of Commerce - Account & Finance
Gujarat University
Ahmedabad 04/2012 - 03/2014
Bachelor Of Commerce - Account & Finance
Gujarat University
04/2009 - 03/2012
Skills
- Audit Planning & Execution
- Risk Assessment
- Internal Controls Evaluation
- Financial Analysis
- Data Analytics
- Communication
- Team Leadership
- Problem-Solving
- Attention to Detail
- Ethics & Integrity
- Continuous Improvement
- Compliance awareness
- Time management mastery
- Report generation
- Positive attitude
Languages
English
Upper intermediate
Hindi
Fluent
Gujarati
Native
Marathi
Advanced
Software & Tools
- SAP S4 HANA
- Tally ERP
- WDMS Accounting
- Microsoft Excel
Certification
- Certified by Westernacher Consulting Private Limited for SAP S4 HANA Implementation
Personal Information
- Date Of Birth: 1st July 1992
- Religon: Hindu
- Marital Status: Married
- Nationality: Indian
Quote
Judge a man by his questions rather than his answers.
Voltaire
Timeline
Assistant Manager
Rushil Decor Ltd
04 2023 - Current
Audit Executive
Rushil Decor Ltd
01 2016 - 03 2023
Accountant
Deep Marketing
07 2014 - 01 2016
Master Of Commerce - Account & Finance
Gujarat University
04/2012 - 03/2014
Bachelor Of Commerce - Account & Finance
Gujarat University
04/2009 - 03/2012
- Certified by Westernacher Consulting Private Limited for SAP S4 HANA Implementation
Similar Profiles
Jyoti Ranjan RoutJyoti Ranjan Rout
Deputy Project Manager at Rushil Decor LtdDeputy Project Manager at Rushil Decor Ltd
GANESH PRASAD PANDAGANESH PRASAD PANDA
Graduate Engineer Trainee (Plantation Department) at Rushil Décor LimitedGraduate Engineer Trainee (Plantation Department) at Rushil Décor Limited
Ashley ThorntonAshley Thornton
Salesman at Floor and DecorSalesman at Floor and Decor