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Vinod Jain
Corporate Accounts Corporate Taxation Project Accounting
Available on request.
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Tel.: +91 9818512345, +91
325 12345678 (R)
Seeking assignments in Corporate Accounts / Taxation / Project
Accounts with an organization of high repute
Professional
Profile
A dynamic professional with nearly 18 years of rich experience in the areas of Corporate Accounts, Taxation,
Project Accounting, Treasury Management etc.. Presently associated with ONGC Petro additions Limited (OPaL) as Senior
Manager (Finance). Prior to current employment associated with National Fertilizers Limited as Manager (F
& A), Corporate Office, Noida. Proficient in mapping the business requirements with
proven ability in designing & implementing systems to achieve financial
discipline and enhance the overall efficiency of the organisation. Strong
analytical & organizational abilities with adeptness in formulating
accounting systems, preparing accounting records and financial statements. Deft
at ensuring practices & disclosure requirements in line with Indian GAAP.
Areas of Excellence:
Corporate Accounts Corporate Taxation Project Accounting
Treasury & Banking Management Financial Analysis
Organisational Experience
Since June 2009 ONGC
Petro additions Limited
Employed as Senior Manager (Finance) in ONGC
Petro additions Limited (a non-PSU Joint Venture) promoted by ONGC-GAIL-GSPC
for setting up mega Petrochemical Complex at Dahej SEZ (Gujarat). The Project
envisages CAPEX of $ 4.0 billion and scheduled for commissioning in January, 2014.
Reporting
to CFO.
Key Deliverables:
Finance
& Accounts
·
Responsible for Project Accounting for
capital works awarded exceeding $ 3.0 billion, Provide direction, training in
scrutiny & maintenance of reports of payments and contract-wise financials
data capturing. Ensuring contractual and regulatory compliances by Contractors.
·
Capitalization of concluded contracts
including allocation of indirect costs, finance charges, reconciliation and
closure of concluded contracts,
·
Financial vetting of tenders/proposals,
associates in proposal efforts with regard to commercial issues, finalization
of contracts etc.
·
Monitoring cash flow requirements on monthly
basis and arranging finances from lenders in co-ordination with Treasury
Department.
·
Responsible for finalization of Annual /
Interim Accounts, Accounting policies, Notes and compliance of GAAP.
·
Interface with Internal / External Groups in
the organization including co-ordination of Internal/ Statutory Audits.
·
Responsible for Employees’ Gratuity Trust
Accounting & related reconciliations/compliances.
Treasury
Management
Associated in Debt Closure of the Project
cost of Rs 21400 crore, Interface with Banks for Debt Syndication for Rupee
Term Loan. Assisted in compilation of Financial Model / Information Memorandum
for Banks, drafting of debt term sheet, responding to queries of Banks,
organizing of Lenders’ Meet and signing of Debt Documents.
Initiated dialogue with Banks for availing
foreign Currency Loan through ECA / ECB. Handled issuance of Commercial Papers
(CP).
Interfacing
between banks investment banks, financial institutions, arrangers, advisors,
credit rating agencies, legal firms in connection with Debt.
Direct Taxes
Responsible
for Tax administration like finalization of Annual Tax Returns, Tax Audit, TDS
Returns, timely deposit of TDS particularly for foreign contract payments.
Follow up with Department for orders u/s 195(3)/197 of Income Tax Act.
OPaL is in Project
stage and therefore presently there are no disputed issues relating to Business
Income with Income Tax Department. However, handled Corporate Tax matters,
described below during previous employment with NFL as Incharge of Direct
Taxes.
Indirect Taxation:
Project
being located in Special Economic Zone (SEZ), responsible for availing 100%
fiscal benefits on account of Customs/Central Excise/CST/Service Tax/VAT. Developed
modalities for joint documentation by contractor in a manner to enable OPaL to avail
fiscal benefits during project execution stage.
Responsible for Taxation
matters, monitoring of imports by Contractors, Filing & follow up refund
claims of Service Tax etc.
May’
1993 to May’2009 National
Fertilizers Limited
Schedule-A {listed on BSE/NSE}, Public Sector
Undertaking, is the second largest manufacturer of Nitrogenous Fertilizers in
India. The company has the track record of making profit since inception with
total turnover of Rs. 4800 Crores
during 2008-09.
The Growth
Path:
May’93 – Jun’97 Accounts Officer, Zonal Marketing Office,
Bhopal
Jul’97 – Jun’02 Asst. Manager (F & A),
Zonal Marketing Office/CO, Noida
Jul’02 – Jun’06 Dy. Manager (F & A),
Corporate Office, Noida
Jul’06 – JUN’09 Manager (F & A), Corporate
Office, Noida
Key
Deliverables:
Corporate Taxation
·
Ensuring compliance of Tax Laws in
compilation of data for Tax Audit, Income Tax Return, Wealth Tax Return, etc.
·
Finalization of Tax Audit Report and timely
e-filing of Return of Income
·
Advising the Management on Tax Planning
issues.
·
Reviewing profit estimations, allowances/
disallowances under Income Tax Act and computation of Tax for deposit of
Advance Tax.
·
Appearing before assessing authorities /
appellate authorities in connection with assessment / appellate proceedings.
·
Examining / Review of orders passed by
Revenue Authorities.
·
Drafting of appeals, submissions in
association with consultants and strengthening of company’s case by locating
relevant case laws etc
·
Advising on personnel taxation matters i.e.
computation of taxable salary income, perquisite valuation, TDS etc.
·
Handling matters related to International
taxation like, foreign remittances, interpretation of Articles of DTAA, etc.
·
Interface with Tax Consultant / Income Tax
Department on regular basis.
Corporate Accounts and Analysis
·
Monitoring preparation and review of
financial statements including Trial Balance, P & L A/c, General Ledger,
Balance Sheets. Preparation of Board Note for approval of Accounts.
·
Compilation of Quarterly Results as per
requirement of Listing Agreement with Stock Exchanges for review by Auditors.
·
Implementing systems, procedures &
manuals for preparation & maintenance of statutory books of accounts and
Financial Statements, ensuring compliance with time & accuracy norms.
·
Entrusted with the task of making the
Financial Statements of the Company IFRS compliant.
·
Analysing existing accounting practice/
disclosure requirements and restructuring them in order to meet the guiding
principles issued by ICAI.
·
Evaluation of :
-
Valuation Data
received from External Agencies for actuarial valuation of employee benefits,
valuation of inventory of stores & spares and valuation of impaired assets.
-
Complete variance
Analysis of profitability / expenses / incomes with corresponding previous year
data / budgeted data and of Balance Sheet.
-
Compilation of data
for credit rating and participation in discussion thereon/industry scenario
with CRISIL officials.
Auditing
·
Coordinating with Statutory / CAG / Internal
Auditors in connection with audit & review of accounts and interaction on
the issues raised by the Auditors.
·
Evaluating internal control procedures to
highlight the shortcomings and ensuring implementation of recommendations.
Cost Accounting / MIS
·
Preparing MIS reports, & various other
financial reports to keep a track of the financial performances and submitting
the same to the Top Management.
·
Analysing Cost Audit data and Cost Audit
Report in respect of Cost audit carried out as required under Companies Act,
1956. Preparing Board Note thereon & suggesting implementation of cost
cutting measures suggested by Auditors and adoption of Cost Audit Reports.
Ensuring timely filing of cost audit e-returns.
Sales Accounting
·
Compiling marketing specific MIS on Marketing
Expenses, Status of Debtors, Realization Schedules, Payables, etc.
·
Handling the process of Credit Monitoring and
assessment of credit worthiness of customers.
·
Participating in negotiation of pricing of
products with bulk buyers / institutional agencies.
Significant
Highlights:
·
Proficiently bagged favourable orders from
the Authority for Advance Rulings (AAR), ITAT, Commissioner (Appeals) in Income
Tax Cases.
·
Imperative role in saving tax worth Rs. 26.77
Crores by setting up NFL Employees Group Gratuity Trust with LIC, approval of
Gratuity Trust from Income Tax Authorities.
·
Received no qualification / adverse comments
on Accounts from the Statutory Auditors and NIL comments from CAG Auditors
since last 5 years.
·
Effectively managed consolidation of
Quarterly/ Annual Accounts of 7 Accounting Units of the Company.
·
Actively monitored compilation of quarterly
financial results as per the requirements of Clause 41 of Listing Agreement for
Review by Statutory Auditors.
Current CTC
Rs 35 lacs p.a.
Scholastics
·
Associate
Member of ICWAI, qualified in 1990.
·
Company
Secretary (Intermediate) from ICSI in 1994.
·
LL.B.
(Taxation)
from Bhopal University in 1993.
·
M.Com. from
Bhopal University in 1989.
·
Attended
Certification course on IFRS, organized by ICAI.
Personal Profile
Date of Birth : 24th November 1969
Present Address : 12/1 N S Road, Arunh Vihar, H-1, Sector 21, Noida, U.P.
References
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