Assistant Manager, Finance and Accounts
CIIE Initiatives (IIMA Ventures) · Technology Business Incubator, IIMA
Apr 2024 - PresentAhmedabad
₹180 crore balance sheet · ₹105 crore+ cash and bank · ~₹20 crore annual donor inflows · two group entities
- Authorise 300+ vendor and grantee payments a month across restricted fund pools, with TDS and budget validation before every disbursement.
- Lead Income Tax, TDS and FCRA compliance; prepare Utilisation Certificates for 15+ government schemes and 50+ donor-funded projects, closing statutory audits with zero adverse remarks.
- Cut the month-end close cycle from 10 to 5 working days across two group entities.
- Control procure-to-pay, ageing and bank reconciliations across a ₹100 crore+ treasury over 23 banks.
- Drive ~15% cost reduction on finance and professional services renewals through benchmarking and consolidated sourcing.
- Govern unspent grant balances committed through March 2028, with budget-head-wise utilisation, burn projections and variance reporting to leadership.
- Deliver MIS on project-wise cash flow, budget vs actual and profitability for management, board and 50+ funders.
- Implemented GST compliance from scratch for 20+ incubated businesses and mentored founders on registration, HSN/SAC, filing and ITC reconciliation.
- Identified an accrued interest undercount in a debt-to-equity conversion, preventing a potential ₹1.25 crore loss.
- Reconstructed the approval and compliance trail for a portfolio write-off, cleared without qualification, and built a write-off checklist now used as standard practice.
- Executed CWIP to fixed asset capitalisation under AS 10 in line with audit requirements.
- Initiated an ERPNext-Kotak Bank API integration: 75% less manual processing, ~₹1 lakh annual savings, delivered in 3 months.
- Automated bank reconciliation into ERPNext, saving ~30 hours of manual work every month.