Mitesh L Dama
Sr.Commercial Manager miteshdama1980@gmail.com
Mumbai
20+ years of work experience
Jun 20197 yrs 1 moPresent
Mumbai, Maharashtra, India
• Account Receivable & Credit Control Management:
o Managed and focused on Debtors Overdue Aging.
o Conducted regular Account Receivable reviews and AR Pareto analysis.
o Oversaw customer credit control, credit limit assessment, and credit policy adherence.
o Managed extended pay terms and minimized bad debt risk.
o Monitored and reviewed credit exposure, aging analysis, and DSO control.
o Handled collection, liquidity planning, and forecasting.
o Approved sales orders and returns, evaluated new credit requests, and managed customer master data.
o Processed marketing budgets post SOP verification.
• Scheme Management:
o Managed PAN India scheme settlements, budget approvals, and incentive verifications.
o Spends Provisions & Budget V/s Actual Cost analysis.
o Conducted scheme cost comparisons and verified debit/credit notes.
• New Partner Onboarding / Offboarding & Consumer / Channel Finance:
o Ensured compliance with partner onboarding/offboarding policies and handled KYC documentation.
o Negotiated additional CF credit limit enhancements and monitored consumer finance schemes.
Statutory Compliance:
o Ensured compliance with TCS, TDS, IRN, and GST requirements.
o Managed customer agreements and master data.
• System Automation & Risk Assessment:
o Reviewed contracts and assessed financial risks.
o Led automation projects in SAP to enhance task accuracy and efficiency.
o Created Business Requirement Documents (BRDs) for automation needs.
o Process improvement and eliminate the manual process.
• Closing Activities:
o Proposed bad debt provisioning, reviewed sales orders, and reorganized revenue.
o Conducted line-wise reviews, profit and loss account reviews, and AR audit compliance.
o Submitted Spends MIS reports and prepared SOPs and policy formations.
Key Projects:
• Credit Policy Implementation in SAP:
o Implemented a credit policy in SAP to control overdue.• Automation of Scheme Management System:
May 20178 yrs 3 mosJul 2025
Mumbai Area, India
• Account Receivables & Payables:
o Account Receivables, Accounts Payable, General Accounting, and Fixed Assets Management using LGERP System.
o Controlled debtors' overdue aging to ensure it remains below 5% of total AR.
o AR aging and overdue balances in accordance with credit policy.
o Extended payment terms and adjusted credit limits as necessary.
o Reconciled debtor accounts and confirmed balances.
o Followed up on overdue collections.
o Developed procedures to mitigate credit risk and limit bad debt losses.
• Asset Management:
o Managed asset accounting, including classification, timely capitalization, retirement, and transfer.
o Reconciled assets with the General Ledger (GL).
o Conducted physical verification of assets.
• Vendor Management:
o Reconciled accounts payable and confirmed vendor balances.
o Reviewed vendor outstanding amounts and maintained AR/AP master data.
o Issued debit and credit notes as required.
o Ensured timely processing of vendor invoices in line with agreements.
• Scheme Management:
o Analyzed sell-in/sell-out schemes and conducted costing analysis.
o Spends Provisions & Budget V/s Actual Cost analysis.
o Conducted scheme cost comparisons and verified debit/credit notes.
• Compliance & Risk Management:
o Ensured compliance with TDS, TCS, and GST regulations.
o Scrutinized G/L accounts and finalized write-offs for debtors and write-backs for creditors.
o Reviewed contract terms to assess financial risks.
o Authorized and reviewed all expense vouchers.
• Reporting & Automation:
o Submitted timely MIS reports, including branch evaluation reports and payable/receivable MIS.
o Managed monthly, quarterly, and yearly closing activities, including:
Recording provisions and managing inventory valuations.
Reviewing TDS compliance and computing GST on advances.
Conducting line-wise reviews of outstanding amounts.
Reviewing revenue reorganization.
Reviewing trial balances and heat maps to manage and boost product sales.
Apr 20161 yr 2 mosMay 2017
Mumbai Area, India
• Accounts Receivable & General Accounting:
o Managing accounts receivable and general accounting within a computerized SAP environment.
o Conducted Pareto analysis of debtors’ outstanding balances and aging analysis of customer outstanding amounts.
o Monitored and tracked bank guarantees (BG), performance bank guarantees (PBG), advance payment guarantees (APG), and advances issuance and renewals.
o Scrutinized and settled customer open advances.
o Reconciled debtor accounts and confirmed balances.
o Followed up on collections with account holders and forecasted collection trends.
• General Ledger & Compliance:
o Performed detailed scrutiny of General Ledger (G/L) accounts.
o Issued debit and credit notes as required.
o Ensured compliance with statutory requirements including TDS, TCS, service tax, VAT, and sales tax.
o Responded to and mitigated financial risks related to customer liquidity.
• Contract Review & Risk Mitigation:
o Reviewed contract terms to assess financial risks and implement risk mitigation strategies.
• Monthly & Quarterly Activities:
o Prepared monthly MIS reports on sales, margins, and pending orders.
o Executed monthly closing activities including:
Accounting for collections.
Settling advances.
Recording provisions.
Clearing invoice statuses.
Conducting line-wise reviews of outstanding amounts.
Forecasting collections against outstanding balances.
______
Feb 20151 yr 3 mosApr 2016
Mumbai, Maharashtra, India
• Asset Accounting:
o Managed asset accounting, including classification, timely capitalization, retirement, and transfer of assets.
o Reviewed assets under construction and reconciled assets with the General Ledger (GL).
o Reviewed capital open advances and calculated depreciation according to company policy.
o Executed depreciation cycles on a monthly and annual basis.
o Created and maintained asset master records and conducted physical verification of assets.
o Analyzed costing variances between standard and actual costs.
• General Ledger & Reconciliation:
o Created General Ledger (G/L) accounts and performed scrutiny of G/L accounts with appropriate accounting aligned with cost centers.
o Conducted aging analysis of supplier and customer outstanding balances.
o Monitored accounts payable and receivable, scrutinized and settled open advances with vendors and customers.
o Controlled vendor advance imports and capital advances.
o Reconciled creditor accounts and confirmed balances.
• Purchasing & Compliance:
o Reviewed production orders and raw material consumption.
o Controlled purchase rate variance accounts and ensured compliance with statutory requirements including TDS, TCS, and service tax.
o Scrutinized purchase and sales registers.
• Monthly Activities:
o Computed forex (foreign exchange) revaluation.
o Prepared monthly, quarterly, and annual MIS reports.
o Handled month-end provision transactions and closing activities.
o Conducted inventory aging analysis and finalized trial balance accounts.
• Quarterly & Annual Activities:
o Supported quarterly and annual statutory audits.
o Assisted with annual internal audits and conducted internal auditing of fixed assets.
Jul 20068 yrs 8 mosFeb 2015
Remote
Account Payable and General Accounting:
• SAP Environment : Maintaining accounts in a computerized environment with SAP.
• Accounts Payable Cycle
o Verification of the invoice cycle.
o Verifying contractual terms before payment.
o Managing service orders and GR/service entry sheets.
o Tracking BG/PBG/APG/Advance issuance and renewals.
• Aging Analysis: Performing aging analysis of suppliers' and customers' outstanding balances.
• Advance Control: Controlling vendor advance imports and capital advances.
• Margin Calculations: Calculating IBM and end-to-end margins.
• Reconciliation: Reconciling debtors' and creditors' accounts, and confirming balances.
• Receivables Management: Following up on debtors' payments and collection forecasting.
• Bill Adjustments: Performing bill-to-bill outstanding adjustments.
• Asset Management: Scrutinizing and accounting for fixed assets, and generating product profitability reports.
• Costing Analysis: Conducting standard costing, projected costing, actual costing, and variance analysis.
• Rate Variance Control: Managing purchase rate variance accounts.
• Statutory Compliance: Ensuring compliance with TDS, TCS, service tax, and sales tax.
• Expense Claims: Reviewing expense claiming processes in accordance with the authority matrix.
• Risk Mitigation: Handling transit insurance claims, inundation claims, and declarations.
Monthly Activities:
• Working on and analyzing finished goods revaluation transactions.
• Preparing monthly MIS reports.
• Fixing future costs based on job costing.
• Calculating warranty provisions and processing related transactions.
• Performing month-end provision transactions and closing activities.
• Conducting inventory aging analysis and working on IBM distribution.
• Finalizing trial balance accounts.
Quarterly and Annual Activities:
• Supporting quarterly and annual statutory and internal audits.
• Conducting internal audits of fixed assets.
• Fixing standard costs and working on WTP fixation for products.
Education
Master’s Degree, M.Com
Not listed
20123 yrs2015
Diploma in Import Export, Import Export
Not listed
20121 yr2013
Join Mitesh and 10k+ other professionals on
Tal is the app where bosses meet engineers & builders directly, without middlemen
Download Tal Boss