JAYA PRAKASH NIDAMANOOR

E-Mail: ac1y0z@r.postjobfree.com, ac1y0z@r.postjobfree.com, ac1y0z@r.postjobfree.com

Skype Id : jpnpkl1

Phone: +917*********, +910**********

Senior Management Professional

~ Financial Management ~

Versatile, high-energy professional, successful in achieving business growth objectives within turnaround & rapid changing environment

Profile Summary

CA inter, MBA(Finance),M.com with nearly 22 years of experience in:

~ Group Finance & Accounts ~ Financial Strategic Planning ~ Group Finance

~ Public Issues ~ Project Finance ~ Fund Management

~ Taxation ~ Budgeting & Project Costing

Currently associated with Aquarelle India Pvt Ltd(Ceil Group)(Garment Industry Imports, Exports and Wholesales)

Experienced in spearheading a wide spectrum of Finance & Accounts activities encompassing finalization of accounts, cash flow management, taxation and auditing

Demonstrated business acumen in managing finance operations and contributing higher rate of organic growth

A strategic planner with expertise in designing and implementing financial systems to facilitate enhanced financial control and also making the business processes more robust

Skilled at suggesting possible cost savings and developing a strong control based environment by recommending systems, policies & standard operating procedures

Track record of developing and implementing financial & operational controls that improves P&L scenario and competitively positions the firm

Achievement oriented professional with excellent people management skills and an ability to manage change with ease

Core Competencies

Managing finance functions involving determining financial objectives and designing & implementing policies & procedures to facilitate internal financial & process controls

Formulating business plans & annual budgets based on inputs from various stakeholders & building various scenarios with underlying assumptions; supervising and ensuring adherence to budgetary parameters

Evaluating internal control systems / procedures, preparing audit reports with a view to highlight the shortcomings and implementing necessary recommendations

Monitoring preparation of statutory books of Accounts, Bank Reconciliation, Party Reconciliation and Consolidated Reports in compliance with time & accuracy norms.

Preparing the MIS Reports, Personal Files, Cash & Fund Flow Statement, Balance Sheet, Audit Reports, Sales Invoices, Debtors Reconciliation and other financial reports to keep track of financial performance.

Addressing the insurance activities including personal insurance & general insurance, negotiating with insurance companies and passing the claim from the insurance companies

Organizational Experience

Since Aug’2015 Aquarelle India Pvt Ltd(Imports & Exports, Retailing and Whole Sales) As Asst.Manager-AP

Since Feb’09 M\s. PT Aura Essence – Jakarta, Indonesia (Imports & Exports, Retailing and Whole Sales of Consumer Products) as Manager (Finance & Accounts)

Key Result Areas:

Responsible for preparing and finalising monthly P & L, MIS & annual accounts on time

Accountable for assisting the MD for preparing monthly Sales targets per location, annual budgets of each division

Ensuring preparation of incentive and commission schemes for BM’s SPVs and BA’s

Handling sales, collections, payments to vendors based on aging which include: ensure transfer of billing data into ERP accounting system, provide detailed management information on movements, trends and variance in revenue

Entrusted with the responsibility of:

oManaging debtors by ensuring timely invoicing for serv. follow up on collections & resolve issues

oPreparing cash flows and statement of bank balances for strategic payments

oRandom vouching and verification of all accounting transactions in ledger accounts are maintained according to Indonesia PSAK (GAAP) closed ledger accounts with month end provisional entries for depreciation, GWP, duties & POSM, all prepaid expenses

oWorking as overall in charge for preparation of payroll for group companies

oCoordinating with the tax consultants for providing monthly tax information and payments for corporate taxes on time

oPreparing the project profitability report for separate projects

oOverall in charge for the reconciliations of BRS, inter-company transactions, barter & Majala

oPreparing budgeted Vs actual sales achieved and division profitability reports

oAssisting in tax, customs and principals annual audits

oCoordinating with internal purchase logistic department for the updating of stock movements and PIB’s.

oHelping management in implementation of SOPs

Highlights:

Extensive Control over Accounting Receivables and Accounts Payable in order to collect and make payments within the stipulated due dates. Implemented required internal controls to avoid double payments over Accounts Payable and minimize bad-debts from Accounts Receivables

Skilled with preparation of annual tax returns of all types of entities including corporate, partnership, trusts, non-profits and Individuals

Successfully conducted detailed technical and analytical review of bookkeeping with the monthly provisional entries prepared by associates

Carried out field work audits in accordance with firm methodology

Served as a part of the team to establish AR & AP processes, controls & systems to ensure operational excellence and reduce risk by 3%

Nov’04 – Jan’09 M\s. Arya Communications & Electronics Services Pvt. Limited, Bangalore

Key Result Areas:

Accountable for Independently handling core accounting functions and finance activities of 3 branches

Authorising Banking Transactions and Tour Voucher Expenses Settlements

Ensured statutory compliance under Karnataka VAT and CST Regime like maintaining of statutory registers which includes Form-C, F, E-I, E-II, Stock registers, Input Credit Registers etc.

Carried out statutory Compliance under Income Tax like deduction and remittance of TDS on payment to contractors, professionals and on rent etc., further preparation and filing of electronic e-TDS returns, issue and collection of TDS certificates

Entrusted with the responsibility of statutory compliance under Service Tax Act. like handling registration, preparation of Service Tax & Input Tax Report for remittance of Tax Liability

Key Result Areas: (Across the tenure)

Experience and Knowledge on IFRS, GAAP issued by ISAB and IFAS(PSAK)

Responsible for meeting all financial reporting deadlines

Accountable for approving purchases and clearing vendor bills for payment and verification of debtors and creditors control accounts

Ensured staff salary calculation & its disbursement on timely basis

Carried out scrutiny and verification of inventory and fixed assets records

Accountable for continuous management and support of budget, inventories controls and forecast activities for Cost Controls

Entrusted with the responsibility of:

oMonitoring and supporting taxation issues, verifying taxation & remittances and responsible for arranging data on periodical basis to tax department as per statutory compliance

oExpense scrutiny and analysis of Budget Vs Actual

oRecommending management for implementation of required internal controls based on organizational activities

oImport, Export Process, LC renewal, Bill Discounting and Customs clearance

Previous Experience

Jan’01 – Oct’04 M\s. R.R. Industries A 100% E.O.U, Bangalore as Accounts Manager cum Office Admin

Jun’99 – Dec’00 M\s. Vishnavi Milks Pvt. Limited, Chennai as Senior Executive Accounts

May’96 – Apr’99 CA Article Clerk with SHRI. M. ASHOK KUMAR, FCA, Bangalore

Academic Details

2007 MBA (Finance) from Alagappa University, Karaikudi, affiliated to “A” Grade by NAAC University

2007 M.Com. from SVU, Tirupathi, affiliated to Sri Venkateswara University

1996 B.Com. from SVU, Tirupathi,, affiliated to Sri Venkateswara University

1999 CA Articles from ICAI

2000 BCA from Silicon Infotech, Chennai

Other Course: Higher Type Writing (English & Telugu)

2006 SAP-FICO from M\s. ERP Global, Bangalore

Extracurricular Activities

Holds the merit of receiving NCC – “C” Certificate

Successfully represented college for four years in Cricket and Football

Served as a member of the Placement cell in College

IT Skills

Well versed with SAP, WFX, Greene Step Advanced Edition – An ERP Package and other accounting packages like:

oTally (All versions 4.5, 5.4, 6.3, 7.2, 8.1 & 9.4 )

oProfit & Net-Profit

oWings 2000

oBusylite, Xngn, etc.,

oFoxpro ( Version 5.0, 6.0)

Personal Details

Date of Birth: 26th June 1974

Address: #11, OM Shirdi Sai Mamatha Nilayam, 10th ‘A’ Cross, Pragathi Nagar, Hongasandra, Bangalore-560068, India

Permanent Address: Flat No. 203, Sathyam Medweos, Kapilthirtham Road, Tirupath, Andhra Pradesh

Languages Known: English, Kannada, Telugu, Tamil, Hindi and Bahasa Indonesia

Contact this candidate