Nilam Sharadkumar Patil's Profile

Nilam Sharadkumar Patil

-

Mumbai

CA Final

*Led and trained the team. * Exposure in Direct & Indirect Taxes, Tax Audits, Process Audit, Accounting Manual, Project Reports, Preparation of Financial Statements & 3CD Reports, IFRS, Treasury, Securities, Bonds, Fixed Income, Corporate Actions, Fixed Assets., *Assisted in conversion of IGAAP to IFRS * Academic Freelancer Writer - Accounting, Finance, Taxation, Auditing, Management, & Costing, Project Reports

CA S.R.Patil

Management Consultancy

As per industry standard

WORK EXPERIENCE : S.R.PATIL & Co., – Manager Clientele – Listed Company, Private Companies, Trusts, Professionals, Traders, Societies etc. • Assigning, managing, supervising and reviewing work performed by Team Members • Providing Consultancy to Clients in relation to Statutory Compliance, Accountancy, Co-ordinating & Resolving Queries. • Monitoring and ensuring Statutory Due Dates are met by Clients of Direct Tax and Indirect Tax. • Handling New Business Inquiries & Exploring the Potential Business.  Direct & Indirect Taxation : • Handling Tax Scrutinizes. • Computation of Tax Liability & Filing of Returns – Income Tax, GST, Service Tax, Profession Tax. • TDS Assignment - determination of withholding tax, payment of tax, filing of TDS Return, Issuance of TDS Certificate. • Registration under various Acts – GST, Profession Tax.  Statutory, Internal & Tax Audits : • Handled and involved in Statutory & Tax Audits of Companies, Sole Proprietors, Partnership Firms and Charitable Trusts from preliminary verification till finalization. • Assisted in Preparation of Audit Reports, 3 CD CB etc.  Accounting & Others : • Finalization of Accounts , Preparation of Final and Projected Financial Statements. • Analyzing areas of Revenue Loss, Debtors, Creditors, Stocks etc. • Preparation of Letters, Drafts, Deeds on matters related to various statues. • Working & Verification of Arrears Dues and Gratuity . Credit Suisse Business Mgmt Pvt.Ltd – Exempt Non Officer (ENO) .  Trust Accountant : • Bookkeeping of various securities instruments such as equities, bonds etc and other transactions. • Preparation of financial statements and minutes of Trust & underlying companies/mandates (Gurensy). • Correspondence and interactions with internal partners and offshore counterparts with respect to financial statements, queries. • Corporate actions, Valuation of securities and Fixed Assets. Secondment - ConsultIFRS – Inter – 1 month • Led the Team of 2 and reporting to Partner. • Assisted in conversion of consolidation of financial statements (SOFP, SOPL, notes & reconciliation) from Indian GAAP to IFRS. • First time adoption and preparation of Opening Statement of Financial Position as per IFRS. • Worked on Valuation of PPE, Intangibles and Depreciation/amortization calculations, Loan calculation on Fair Value M.P Chitale & Co. – Asso. Kanchan Chitale & Assoc., - Articleship Key clients : (Reporting to Partner) • SBI Mutual Fund ,ARCIL,ICICI Bank Ltd., FIMMDA , Pidilite Industries Ltd. • ICICI Bank Ltd., Vijaya Bank Ltd., Standard Chartered Bank Ltd., Saraswat Bank Ltd.  Responsibilities:  Active participation in the creation of Accounting Manual for Bank based of I-GAAP of various borrowing and treasury instruments.  Reviewed the process and reported the identified issues and risk for the mutual fund custodians.  Reviewed the process and report for Business Continuity Plan and Disaster Management Techniques for the mutual fund custodians.  Reviewed the process flow, risks and Internal controls for transactions done by custodian.  Verification of various Corporate action and securities – by physical and electronic means.  Verification of assets, payment vouchers, vendor advances, journal vouchers, etc in regards with authorization manual, signatory list, purpose and periodicity of payment.  Verification of Valuation of Bonds, Mutual Funds, Equities, CRR, SLR and NDTL computation, reconciliation of SLR, NSLR, Equities, Mutual Fund, Nostro & Vostro accounts.  Verification of Brokerage paid, limits monitoring and withholding tax, physical cash, CDs issued by bank, sample deals of Fixed Income and Forex –Interbank and Merchant.  Verification of Regulatory Reports – Form A (provisional and final), CSGL Weekly report and Short sale report.  Worked on Concurrent, Internal, Half yearly and LFAR Audit Reports.

05 June 2020