---
title: "Mitesh L Dama - Sr. Manager Commercial in Mumbai | Tal"
description: "Meet Mitesh L Dama, Sr.Commercial Manager miteshdama1980@gmail.com based in Mumbai."
image: "https://tal.club/meet/mitesh-l-dama/share-image"
---

# Mitesh L Dama on Tal

## Headline

Sr\.Commercial Manager miteshdama1980@gmail\.com

## About

Maintaining of accounts in computerized environment\(SAP\) Accounts Payable,Accounts Receivalbe,General Accounting,Budgeting, Projections\. Monthly/Quarterly/Annual Closing Activity\. Supporting to the Quarterly\-Annual Audit\(Statutory Audit\) Supporting to the Annual Audit\(Internal Audit\) Internal Auditing of Fixed Assets\. Specialties: ERP Package : SAP R/3 Release 4\.6c ,ECC 6\.0 releases\. Microsoft Excel 2007, Finance & Accounts\.

## Location

Mumbai

## Work experience

Sr\. Manager Commercial at Eureka Forbes Ltd, Jun 2019 \- Present · 7 yrs 1 mo, 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:

Deputy Manager Account at LG Electronics, May 2017 \- Jul 2025 · 8 yrs 3 mos, 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\.

Assistant Commercial Manager at Blue Star limited, Apr 2016 \- May 2017 · 1 yr 2 mos, 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\. \_\_\_\_\_\_

Finance & Commercial Executive at sterling generators private limited, Feb 2015 \- Apr 2016 · 1 yr 3 mos, 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\.

Commercial Executive at VOLTAS LIMITED, Jul 2006 \- Feb 2015 · 8 yrs 8 mos, 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

Diploma in Import Export, Import Export, Not listed

[View the original profile](https://tal.club/meet/mitesh-l-dama)

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