Satish Valecha

About Satish Valecha

A qualified Chartered Accountant with over 27 years of experience in Financial Planning…

Experience

1. Senior Vice President of Finance

   Abb

   May 2011 — Present · Kolhapur, IN

   Financial Planning & Budgeting Controlling the finance functions involving financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control. Monitoring budgets & actual performance.Cost Control & Management Implementing effective costing systems for determining product costs at various stages of production, monitoring various overheads in process involving fresh investment and achieving optimum cost control by strict monitoring as per overall policy. Monitoring and presenting costs of products vis-a–vis prices along with participation in make or buy decisions and participation in pricing policies. Accounts/ MIS Administering finalization of year-end financial statements as per Indian GAAP and IFRS /US GAAP/IFRS. Supervising preparation and maintenance of various required books/registers. Developing periodic closing statement, reconciliation of inter-divisional accounts making accounts schedules and disbursing payments to vendors. Devising & implementing MIS reporting system other allied reports. Interfacing with internal and statutory auditors.Statutory Compliance Interfacing with Income-Tax authorities for timely filing of Income Tax, TDS, service tax returns including deduction, certification, returns, exemption related benefits and registrations and inter facing with assessing authorities for TP & Regular assessments. Liaising with banks & government and regulatory authorities for obtaining necessary licenses and approvals on funding & others. Overseeing timely filing & assessment & and submission of Statutory payments Compliance as per provisions.System Implementation Understanding business process, study and analyze workflow to suggest solutions. Facilitating smooth implementation of systems and procedures for improving functional efficiency and generate cost savings.

Education

• Jain Sr. secondary school, darya ganj new delhi

  Sr. secondary, commerce, accounts, economics

  1981 — 1982

• The Institute of Chartered Accountants of India

  Chartered Accountant , Chartered Accountancy

  1985 — 1988

• Shri Ram College of Commerce (SRCC)

  Bachelor’s Degree, Business/Commerce, General

  1982 — 1985

Skills

• Financial Reporting
• Transfer Pricing
• Team Management
• Six Sigma
• Management
• Ifrs
• Financial Analysis
• Internal Controls
• Sap R/3
• Mis
• Cross-Functional Team Leadership
• Team Building
• Accounting
• Tax
• Chartered Accountant
• Finance
• Sox
• Target Costing
• Internal Audit
• Team Leadership
• Forecasting
• Financial Audits
• Pricing
• Business Planning
• Sarbanes-Oxley Act