1. NITIN D PATIL
Mobile: 099222 48513/082378 62945 ~ Resi.: 022-25770903 ~ E-Mail: kumarnitin9999@rediffmail.com
Mid/Senior level assignments as Credit Control/Commercial/Accounts & Finance/ Statutory
Compliances with a high growth oriented organisation of high repute
Executive Summary
 MBA (Finance) with over 10 years of experience in the areas of Corporate Finance & Accounts, Budgeting, MIS,
Auditing and Fund Management.
 Deft at Accounting, Credit Control, Banking, Export Import Banking & Documentation.
 Extensive experience and Good knowledge of Accounting policies, standards and practical aspects of financing;
working knowledge of Excise and other Indirect Tax related matters.
 Maintaining accurate records of all chasing activity, attending regular meetings to ensure all relevant debts are
managed as necessary, identifying changes in payment patterns and proposing actions to avert indebtedness.
 Ascertaining that all transactions are compliance with regulations, handling disputed bills and negotiating to bring
payment within the agreed terms.
 Responding promptly and completely to both client and internal enquiries along with providing ad-hoc reporting as and
when requested.
 Gained exposure of developing, implementing and maintaining an effective and professional credit control system for
the company.
 Possess sound understanding of reviewing the company credit control procedures, developing and implementing
enhancements wherever required.
 Knowledge of obtaining sufficient information to assess the credit-worthiness of newly proposed and existing customers
and ensuring that all customers meet the organization’s requirements.
 Knowledge with the provisions of Sales Tax Act, with deftness in handling TDS, Sales and Service Tax.
 Adept in work with targets and ability to adapt to ever increasing challenges in terms of targets.
 An effective communicator with excellent relationship building, analytical and negotiation skills with experience in
liaising with banks, financial institutions and regulatory authorities, customers and suppliers.
 Adept at carrying out Management Audits, Statutory Audits.
Areas of Exposure
Credit Control and Accounts Receivable
 Designing & Implementing Management approved Credit Control Policies; monitoring the adherence of such credit
policies and taking appropriate action for non-compliance.
 Analysis of Receivables viz. ageing and credit Limits.
 Interacting with customers for timely payments and handling receivables through ageing analysis to ensure the target
with prominence to customer satisfaction.
 Good Exposure of handling Project Accounts. Knowledge of Letter of credit, Bank guarantees and other securities.
 Ensure Balance confirmations from customers. Maintaining & Approving accurate credit files & credit notes.
 Filing of legal cases (on Mgmt approvals) for long over dues from defaulting customers & coordinate with legal dept &
lawyers for timely settlement of cases.
Budgeting & MIS
 Formulating budgets and analysing variances and implementing corrective actions.
 Finalisation and presentation of MIS reports and other statements to provide feedback to top management on financial
performance viz. fund management, credit control, profitability, etc.
Working Capital Management
 Monitoring the inflow & outflow of funds and ensure optimum utilisation of available funds in accomplishing
organisational goals.
 Submitting fund flow statement to the management on daily basis along with allocating funds.
Accounts & Costing
 Finalising the Monthly books of accounts.
 Designing & implementing systems & procedures for the preparation & maintenance of statutory books of accounts and
financial statements, ensuring compliance with time & accuracy norms.
Taxation & Auditing
 Conducting internal and statutory audits; evaluating internal control systems / procedures with a view to highlight the
shortcomings and implementing necessary recommendations.

2.  Verifying periodical audit in the stores records, preparation of recovery details by job wise, asset management, etc.
Career Contour
Since Aug’11 with Calderys India Refractories Limited, Nagpur as Manager- Receivables & Credit Control
(Calderys part of IMERYS Group is world leader in Monolithic Refractories)
Role:
 Handling and controlling all India Debtor’s portfolio and heading credit control department in the Organisation.
 Looking after activities required to have a better control & smooth functioning of receivables portfolio like Collection
follow ups, ageing analysis, debtors review, reconciliations, Sales/AR Accounting, reports, MIS, claims, provisions, etc.
The Highlights
 Recognised as BEST CREDIT MANAGEMENT FUNCTION across the group by IMERYS Internal audit team.
 Elevated as OWC Champion for India to support Operating Working Capital initiative driven by Calderys group.
 Successfully brought down DSO to the level of 47 days compared to 70 days in 2011; remarkable within industry.
 Holds credit in implementing effective processes to have better control over receivables.
 Successfully implemented effective credit control policies within Organisation along with Credit Mgmt. functionality in
SAP-R/3.
 Ensure Credit Control at Order stage (manual controlling)
• Check orders booked at branches & ensure that credit facility to customer & its approvals are as per credit policy.
• Obtain sufficient information to assess credit-worthiness of newly proposed as well as existing customers.
• Verify commercial & legal implications of order before putting it into production process.
 Ensure Credit Control at Delivery stage (automated controlling)
• Fixing Credit Limit & Credit period of customers. Ensure system blocks delivery to the customer once allowed credit
limit & overdue limit is surpassed. Release the block once payment received or approval received as per credit policy.
 Effective management of Credit Risk
• Timely circulation of customer analysis based on financial statements, published credit rating reports & receivable
history to minimise bad debts exposure.
• Ensure prompt follow up with debtors & sales team for generating cash flow and liaise with cash application team for
correct recording of receipts from customers.
• Prompt response to customer queries (both external & internal), including monitoring & reviewing progress of queries.
• Developed mechanism to keep track on Project Accounts & chase customers for outstanding before it becomes risky.
• Ensure reduction of overdue items, doubtful debts & zeroing bad debts on sales ledger.
• Monthly Debtors review meeting with sales team to discuss & resolve outstanding related issues.
• Regular follow up & travel to customer site to ensure collection for long overdue accounts.
• Regular follow up & travel to customer site to ensure collection for long overdue accounts.
• Taken substantial recovery from customers considered as bad debts.
• Timely reconciliation of customer account and Ensure Balance confirmations from customers.
• Filing of legal cases (on Mgmt approvals) for long over due from defaulting customers and coordinate with legal dept
& lawyers for timely settlement of cases.
 Emphasise on reducing time in documentation to customers
• Established system to reduce time in sending commercial invoices & related documents to the customers; so that
timely realisation can be ensured.
 Ensure proper provisioning of bad debts.
 Accurate & timely supply of regular & ad hoc reports.
Aug’05 - Jul’11 with BOC India Limited, Mumbai & Kolkata (HO) as Deputy Manager- Revenue Mgmt.
(BOC part of LINDE Group pioneer in producing Industrial/Medical Gases & Services)
Growth Path:
Officer- Accounts: Aug’05 to Jul’08 (Mumbai)
Deputy Manager- Revenue Mgmt.: Aug’08 to Jul’11 (Kolkata HO)
The Highlights:
As Deputy Manager:
 Ensured managing and controlling of all India debtors’ position.
 Led a team of credit collection and reconciliation executives.
 Looked after approving credits for new customers and monitored credit period, limits and exposure of all customers.
 Developed monthly, quarterly and annual MIS & presentations, highlighting performance trends and setting up of gross
collection target.

3.  Calculated and prepared provisions for doubtful debts/bad debts on quarterly basis.
 Involved in reconciling accounts, calculate DSO & creepages, implementing effective measures to bring down DSO
 Tracked bad revenue generation and handled indirect tax issues.
 Rendered balance sheet information wrt debtors and forecast debtors’ numbers for annual plan and periodical
budgeting.
 Developed good relationship with internal & external customers; maintained Debtors Query Report on daily basis &
meet the customer’s requirement.
 Interfaced with Sales Team/Finance Team & various Dept. for smooth functioning.
 Carried out monthly DLC meeting with sales team to discuss & resolve outstanding related issues.
 Reduced bad debts & maximise cash flow
 Maintained MIS reports for sales, region wise, territory wise, state wise and each location wise from SAP.
 Dealt with banks for LC discounting / collection.
 Holds credit in maintaining DSO position within target limit.
 Taken substantial recovery from customers considered as bad debts.
 Distinctive in implementing AR function in ACE (Accounting Centre of Excellence at Manila, Philippines); ACE is a
centralised Accounting centre for South & East Region of LINDE Group comprising of 10 countries.
As Officer- Accounts:
 Looked after:
 Accounting for Mumbai & Gujarat CBA (4 Compression Plants & 3 Warehouses)
 Finalisation of accounts
 Involved in:
 WIP Accounting for MES & CES projects (Billing & Cost analysis).
 Monthly MIS on product profitability, product & plant cost.
 Variance analysis of Fixed & Variable cost, updating Standard cost.
 Preparation of exception reports & proper cost allocation.
 Preparation of schedules to Assets & Liabilities.
 Confirmation on Sales (Sales Return Vs Final Trail Balance)
 Suspense Account Clearing (Inter Branch/Stock/General Suspense/Advances).
 Amortisation of Expenses (Power/Water/Rent/Rates & Taxes/Insurance/ Transport & other).
 Carried out other routine accounting activities like Annual Plan, VRS & Post Retirement Medical payments to staff,
EMD/tender payments & monitoring refunds, monitoring warehouse / debulking cost, debtor/creditor a/c review,
Payments & Returns of EPF, PT, Labour Welfare Fund, and compliances of Annual Sample Survey of Industries etc.
Commenced Career
May’02 – Jul’05 with Aarti Industries Limited, Mumbai as Accounts Assistant in Banking & Finance Dept.
Academic Credentials
MBA (Finance) from AIEM, Mumbai.
B.Com. from Commercial University, Delhi.
Additional:
 Diploma Course in Computer Application (DCCA) from SoftTech Computers, Mumbai.
(Modules covered: Ms-office, FoxPro operating, Financial Accounting-Tally, FoxPro & C’ Prog.).
IT Skills:
 Well versed with Basics, MS Office (World, Excel, PowerPoint), Internet applications, Lotus Notes, Outlook Express
 ERP Packages: SAP R (3) - FI / S&D / MM, Tally.
 Operating System: Windows 95/98/2000, XP.
Personal Dossier
Date of Birth: 28th
May, 1979
Address: 507, Shivprasad, 5th
Floor, Bldg No: 11/A, Karve Nagar, Kanjurmarg-(E), Mumbai- 400 042.
Languages known: English, Marathi and Hindi.