1. MITESH GANESH VISAWADIYA
Flat No 702, Seventh Floor, Mamta Tower Lalchowky Kalyan (West) 421301
Tel: 9167200157 /9967930039 Email: miteshgv1980@gmail.com
MBA Finance having 13 years of experience in Finance & Accounts Field
Profile Summary Snapshot
Core Competencies
Budgeting and Forecasting Variance Analysis Financial Planning &
Analysis
SOX Compliance Financial Accounting Receivables Management
MIS Reporting Cash Management Payables Management
ERP’s Known: PeopleSoft, SAP, Tally, Oracle, Hyperion
• Expertise in planning & executing monthly / quarterly / annual closure schedules & reconciliations, variance
analysis and providing monthly financial statements and administering the monthly closing process.
• Prepared Budgets & Forecasts for the assigned Companies for each cost & revenue element
• Prepared and presented monthly management reports on Inventory analysis, Headcount and cost variance
analysis
Awards and Key Achievements:
 VP Recognition Award at Transocean on 29
th
Jan, 2013 for outstanding dedication towards MIS work
especially for cost savings.
 CEO Recognition Award at Transocean on 1
st
Jan, 2014 for outstanding dedication towards Budget
Preparation by identifying & allocating the cost on monthly account close.
Organizational Experience:
Transocean Ltd., (Powai, Mumbai) Apr11 – Present
Accountant
Company Profile: Transocean Ltd is the world’s largest offshore drilling contractor Listed in US Stock
Exchange having Annual Turnover of $7billion.
 Review inter-company transactions.
 Prepare and close Bank reconciliation, ledger scrutiny and management reports.
 Responsible for cleanup of appreciable amount in the Balance Sheet.
 Assisting location Finance in compliance with local regulations including VAT, PIT and WHT filing,
Service tax, 26AS reconciliation for tax accounts.
 Prepare and review monthly journal vouchers for posting to General Ledger
 Responsible for preparation of funding request & monthly cash flow management.
 Responsible for preparation of monthly Lease schedule, amortization schedule etc.
 Passing revenue accrual entries as provided by performance manager and review.
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2.  Preparation & Analysis of Profit & Loss Statement and Balance Sheet on Monthly basis.
 Review of monthly bank Guarantee Schedule.
 Keeping Track and records of monthly Fixed deposits
 Co-ordinating with Public Accountant (CA) for 15CA/CB for payment to vendor, surplus remittance etc.
 Reconciliation of Sundry Creditors & Debtors
 Supervision of accounts payable process to ensure timely booking of invoices and payment to vendors.
 Responsible for preparation of Budgeting & Forecasting.
 Daily Petty cash Disbursement.
Contracts, Invoicing and Receivables
 Prepare and Review the assigned country external customer contracts and distribute Contract Brief for
management and service center use.
 Liaise with Rig Manager to ensure timely receipt of information to allow timely management reporting
and preparation of customer invoices by designated accounting support in the hub.
 Assist service centre in preparation of customer invoices for Rig Manager Review and approval prior to
submission to the customer.
 Preparation of Monthly AR aging analysis and frequent follow up with agents / clients for settlement.
 Clearance of monthly unbilled item to bill to client.
 Ensure timely submission of invoice to client.
Analysis and Reporting
Monthly Reporting and Finance
 Prepare Monthly Variances between Actual and Forecast and Budget – Presented to Rig Managers
and Operational Managers
 Monthly preparation of cash balance tracking summary with PPT
 Review monthly Revenue Summary that explains the current month financial performance versus
latest forecast/budget prior to submission to Corporate.
 Preparation of monthly revenue allowance for doubtful debts.
 Review of monthly headcount variance with cost working.
 Review of BUDVAR for cost center assigned before presenting the reports to cost-center Managers to
update them on their financial performance for the period.
 Assist Location Finance in preparation of quarterly Significant Issues Memo for submission to
Corporate.
 Monthly review of as assigned costs centers Project Authorizations for location to monitor expenditures
against approved values and interacting with Rig Managers to ensure any required supplemental PA is
submitted and approved prior to funds being committed.
 Preparation of analysis to assist location Finance in understanding consolidated country financial
information as required.
Budget and Forecast
 Preparation of quarterly input of the Budget/Forecast for the costs centers assigned for the country in
the company forecasting system.
 CAPEX and Maintenance Budget
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3.  Headcount Budget liaise with HR
 Prepare and Finalize Overhead Budget
Assistant Accountant (Feb’ 2008 to Mar ’2011)
 Supervised A/P team and improved the DPO (Daily Payables Outstanding).
 Ensuring 3- Way Match to process outstanding supplier invoices.
 Reviewed vendor contracts, PO for correction of inconsistency in Invoice submitted by vendors.
 Work out & Report inconsistencies in Invoices to Management & recovery of over invoicing amount.
 Conducted Vendor reconciliation for invoices submitted against work performed & Scrutinized General
ledger.
 Assisted auditors by providing requisite reports and information to ensure compliance.
 Prepared Bank Reconciliation Statement and assisted Managers with various month end related
entries
Accounts Payable Clerk (July’2006 to Jan’2008)
 Day to day Accounts payable work starting from accounting entry till final payment run with thorough
review of invoices as per company policies, Contracts, Authority Limit Matrix along with Vendor
Reconciliation.
Company: Welspun India Ltd., Mumbai Account Payable (November 2004 till June 2006)
 Day to Day Accounting Entries in SAP
 Preparation of cheques for Vendor payments
 Preparation of vendors Reconciliation & Scrutiny of Vendor ledger Accounts
 Preparation of Service Tax Register, TDS, Professional Tax and Monthly Challans
 Preparation of Bank Reconciliation Statement
 Assisting in finalization of Accounts and Preparation of Budget Approval Paper
Company: Health India Ltd, Mumbai Account Payable (September 2003 till October 2004)
 Day to Day accounting entries Tally Software 6.3
 Preparation of cheque for Vendor payments (settlement of claims)
 Handling Cash & Bank Book and Bank Reconciliations
 Maintaining Purchase & Sales Book
 Preparation of Statement for Services Tax, TDS, Professional Tax and Challan.
 Maintaining Fixed Assets Register
Education:
 Master’s in Business Administration (MBA) – Finance –( ISBM Institute)
Bachelor of Commerce (Bcom.)
Mitesh Visawadiya
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