NITIN D PATIL has over 12 years of experience in finance, accounting, credit control, and statutory compliances. He has a MBA in finance and is proficient in accounting, credit control, banking documentation, and indirect tax compliance. Currently he works as the manager of receivables and credit control at Calderys India Refractories, where he has successfully improved cash flow by reducing DSO and implementing effective credit control policies and SAP functionality.

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 12 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 promptlyand completelyto both clientand internal enquiries along with providing ad -hoc reporting as and
when requested.
 Gained exposure of developing, implementing and maintaining an effective and profes sional credit control system for
the company.
 Possess sound understanding of reviewing the company credit control procedures, developing and implementing
enhancements wherever required.
 Knowledge ofobtaining sufficientinformation to assess the credit-worthiness ofnewlyproposed 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 ofMIS 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 ofstatutory 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.
 Verifying periodical audit in the stores records, preparation of recovery details by job wise, asset management, etc.

2. 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 along with Credit Mgmt. functionality in SAP-R/3.
 Implementation & controlling of dunning process
 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 limitis 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 promptfollow up with debtors & sales team for generating cash flow and liaise with cash application team for
correct recording of receipts from customers.
 Promptresponse 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 itbecomes 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.
 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 overdue 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.
 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

3.  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.