Finance, Accounts, Costing and SAP FICO

Srinivasa Reddy. Kotha, CA, ICWA & CMA (USA)

Group Financial Controller& SAP/ERP Head

Email: *************@*****.***, Mobile: +974-******** Skype: srinivascacwa

A key player with a proven track record and significant achievements, illustrating expertise having total of around 16 years of experience in Finance, Accounts, costing and Treasury and SAP/ERP operations across Industries of chemical, Cement, Manufacturing, pharma, Chemicals, Oil, Wholesale, Trading, Retail, Distribution, Real Estate/Construction, FMCG, SAP ERP implementations as well as a number of other demonstrated abilities. Now looking to continue making a significant contribution within a similar/higher role for a company that offers an opportunity for career progression. Always with “Can Do Attitude”

Areas of Expertise

Financial &Budget Controls Financial Analysis

Project Management/Feasibility Costing Controls

Procurement Recruitment & Selection

Accounts & Auditing Policies & Procedures

Strategic Decisions Banking Relations/Treasury

HR, Payroll & Administration Internal Controls

IT Controls SAP ERP Operations

Education / Professional

CMA (USA) From Institute of Management Accounts, USA- CMA Certified No: 46306-2015

CA (Chartered Accountant) - from the Institute of Chartered Accountants of India-M.No.222275- Year, 2006

ICWA (Cost Accountant-National Ranker) - from the Institute of Cost Accountants of India-M.No.37220- Year, 2006

MFM (Master of Financial Management) from Pondicherry Central University B.Com – from Acharya Nagarjuna University-Year, 1999 SAP R/3 Financials & Costing Certified-Certificate ID: 000******* (ECC6 EHP5) from SAP AG. Germany-Year, 2012

Career Overview

Presently working as Group Financial Controller & SAP Head-Qatari Investors Group, Qatar-June,17-Till date

Group Financial Controller & Head of SAP/ERP Hoshanco Holding Group, Riyadh-KSA. 2013-June,2017

Manager Finance/Costing -WIPRO Limited, Al Khobar,KSA 2009-2013

Finance & Costing Manager & ERP/SAP Lead-Mahindra Satyam- 2007-2009

Group Finance & Costing Manger & SAP Operations Head-Virchow Labs Limited (Virchow Group, Hyderabad, India)-2003-2007

Senior Audit Executive - Kowtha& Co, Chartered Accountants: 2000- 2003(March)

Professional Experience & Significant Achievements Presently working with Qatari Investors Group (QIG) as Group Financial Controller & Head of SAP/ERP–June, 2017 to till date. Qatar Investors Group (QIG) is a major manufacturing and service company, Specializing in cement manufacturing (Al Khalij Cement), investments, real estate, Security systems, trading and the retail sector. QIG is public listed company listed in Qatar Stock Exchange

I have been the Group Financial Controller & SAP Head responsible for all aspects of Financial management, Accounting, Auditing, Costing, Payroll & Leading all SAP Internal/external teams and reporting to Group CFO. Previously worked with Hoshanco Holding as Group Financial Controller & Head of SAP/ERP-June, 2013 to June, 2017

Hoshanco Holding is diversified family owned multinational conglomerate Headquartered in Riyadh, Saudi Arabia. Having a presence in 25 countries worldwide and operates in the GCC, Levant and Africa regions. The Company deals with various Consumer Goods and has exclusive distribution and trading rights for several reputed Multinational companies in the locations that it operates in. The group portfolio Includes Trading and Distribution, Manufacturing, Retail (Fashion and Kids Accessories, Hoshan Retail Trade), Real Estate (Commercial Property- Construction and Leasing) and Private Equity.

I have been the Group Financial Controller & SAP Head for all countries responsible for all aspects of financial management, Accounting, Auditing, Costing & Leading all SAP Internal/external teams and reporting to Group CFO/VP. Roles & Responsibilities as Financial Controller;

Management of the finance function (GL, AP, AR, Fixed Assets & Treasury) and overseeing the finance team.

Plan and supervise all costing functions

Cash management and treasury activities

Fund allocations based on budgets by department wise

Conducting product and brand feasibility study.

Ensuring that appropriate systems and internal controls are implemented and maintained

Annual Audit monitoring for all countries and discussions with Auditors

Planning annual audit schedules of all countries

Overseeing the Payroll process

Liquidation/seasonal offers analysis and feasibility

Controlling and maintaining of Working Capital.

Setting up of Finance Controls and Policies.

Guidance to Business Unit Controllers

Monitoring of Annual Statutory Audit of all countries of group.

Weekly /Monthly reviews with country Finance Managers

Monitor and direct the implementation of strategic finance / business plans

Work in partnership with the Statutory Auditors to ensure all relevant audit requirements, including annual schedules, queries are addressed

Build and support Host Brand relationships, ensuring the relevant financial activities are undertaken and reported in a timely manner.

Monitoring of Preparation of budgets, forecasts and cash flows

Oversee the financial operations of subsidiary companies and foreign operations

Instrumental in determining business strategy, continually providing financial advice to the VP Finance.

Monitoring the Preparation of Monthly Consolidated P&L and Balance Sheet

Timely production of statutory and internal financial reports

Finalization of quarterly and yearly accounts & Audits.

Adherence and compliance to IFRS and Accounting Standards.

Verification and reconciliation of significant ledgers.

Inventory Management (Annual Counting, Movements and Cost Control).

Monitoring of accounts receivable and payable to smoothening working capital.

Team meetings weekly, monthly & quarters and team outings

Reviewing monthly results with CFO/Finance Director

Monitoring of Inventory Management and Fixed Asset.

Managing and monitoring monthly sales commission and marketing team commission across all countries.

Managing and monitoring annual inventory counting, inventory variances minimize across all countries.

Leading all internal control projects across group for all countries for better monitoring of activities.

Recognized for hands-on experience in developing, establishing and directing execution of operating policies to support overall company policies, quality standards and objectives

Visiting countries branches for better control and management Roles & Responsibilities as SAP ERP Head;

As a Senior Manager of all SAP related projects, my responsibilities in projects are:

Business Process Discussions with all departments

Ensure that the overall strategy is translated into annual operational business

Plans for ERP/SAP and the performance is monitored annually to ensure

Business plans are in line with the overall strategy.

Define an optimum organization structure and direct the development of functional structures so that resources are optimally utilized and Communication can take place in an efficient manner.

Develop plans and advise management on optimizing the use of ERP systems and resources across the organization in order to identify and maximize Opportunities to improve and support business process. Organization 2:

Company : WIPRO LIMITED

Role : Manager Finance/Costing

Duration : Sept, 2009 TO Sept., 2013

Location : Al Khobar (Saudi Arabia)

Wipro Limited (Western India Products Limited) is an Indian multinational IT Consulting and System Integration services company headquartered in Bangalore, India. As of December 2014, the company has 154,297 employees servicing over 900 large enterprise & Fortune 1000 corporations with a presence in 61 countries On 31 January 2015, its market capitalization/turnover was approximately 1.63 trillion

($26.3 billion),making it one of India's largest publicly traded company and seventh largest IT services firm globally.

Roles & Responsibilities:

Management of the finance function and overseeing the finance team.

Maintenance of financial ledgers and accounting processes

Financial modelling and analysis

Analysis and Interpretation on monthly MIS.

Plan and supervise all costing functions

Cash management and treasury duties

Project Cost and profitability analysis by project wise

Fund allocations based on budgets by department wise

Responsible for product costing, Cost and Finance Audits

Conducting product feasibility study.

Ensuring that appropriate systems and internal controls are implemented and maintained

Overseeing the Payroll process

Controlling and maintaining of Working Capital.

Setting up of Finance Controls and Policies.

Guidance to Business Unit Controllers

Monitoring of Annual Statutory Accounts.

Weekly Monthly reviews with country BUC’s

Liaison with External and Internal Auditors.

Monitoring the Preparation of Monthly Consolidated P&L and Balance Sheet

Timely production of statutory and internal financial reports

Monitoring on statutory compliances to take place within due time.

Monitoring of Insurance policies and negotiating with them

Finalization of quarterly and yearly accounts & Audits.

Annual Audit monitoring for all countries and discussions with Auditors

Adherence and compliance to IFRS and Accounting Standards. Organization 3:

Company : MAHINDRA SATYAM (Tech Mahindra)

Role : Manager for Finance&Costing

Duration : Sept., 2007 TO Aug., 2009

Location : Pune (India)

Mahindra Satyam (formerly Satyam Computer Services Limited) was an Indian IT services company based in Hyderabad, India. The company was listed on the Pink Sheets, the National Stock Exchange and Bombay Stock Exchange. It offered a range of services, including software development, system maintenance, packaged software integration and engineering design services. In June 2009, the company unveiled its new brand identity Mahindra Satyam subsequent to its takeover by the $14 billion Mahindra Group's IT arm on 13 April 2009. It subsequently merged within Tech Mahindra on 24 June 2013.

Roles & Responsibilities;

Management of the finance function and overseeing the finance team.

Maintenance of financial ledgers and accounting processes

Financial modelling and analysis

Analysis and Interpretation on monthly MIS.

Plan and supervise all costing functions

Cash management and treasury duties

Project Cost and profitability analysis by project wise

Fund allocations based on budgets by department wise

Responsible for product costing, Cost and Finance Audits

Conducting product feasibility study.

Ensuring that appropriate systems and internal controls are implemented and maintained (SAP Financials, BCM & Treasury)

Overseeing the Payroll process

Controlling and maintaining of Working Capital.

Setting up of Finance Controls and Policies.

Guidance to Business Unit Controllers

Monitoring of Annual Statutory Accounts.

Weekly Monthly reviews with country BUC’s

Liaison with External and Internal Auditors.

Monitoring of Preparation of budgets, forecasts and cash flows

Liaison with Banks for good exchange rates.

Instrumental in determining business strategy, continually providing financial advice to the VP Finance.

Monitoring the Preparation of Monthly Consolidated P&L and Balance Sheet

Timely production of statutory and internal financial reports

Monitoring on statutory compliances to take place within due time.

Monitoring of Insurance policies and negotiating with them

Finalization of quarterly and yearly accounts & Audits.

Annual Audit monitoring for all countries and discussions with Auditors

Adherence and compliance to IFRS and Accounting Standards. Organization 5: Virchow Labs Ltd. (VIRCHOW GROUP)

Duration : April, 2003 TO Aug., 2007

Role : Group Finance & Costing Manager

Virchow Laboratories Limited is the largest producer of Sulfamethoxazole the world with an output of 4,800 MT per annum.The Virchow plant is located in a spread of 20 acres in Hyderabad, India. Virchow produces all the critical high purity raw materials and intermediates such as Sodium Methoxide, Isoxamine and N-Acetyl Sulfanilyl Chloride in-house in production facilities dedicated to the production of Sulfamethoxazole. Virchow has fully implemented current Good Manufacturing Practices (cGMPs) in its system and its production facilities have been audited and approved by the US Food and Drug Administration. Virchow has been audited by, and is the preferred supplier of Sulfamethoxazole to Glaxo Smithkline, Hoffmann La Roche, Merck Generics, Shionogi & Co. and various generic manufacturers worldwide.

I was in Finance/Accounts & Costing Manager and responsible for all aspects of financial management, Accounting, Payroll

Team: F&A – 25+

Roles & Responsibilities

As Group Manager Finance, I was responsible for maintaining the whole accounting department and dealing with Auditors and tax authorities.

Analyze the Bank reconciliation Statements, and taken necessary action to speedy clearing of cheques deposited in the banks

Physical verification of stock on random basis without information to Make the material people responsible to account the material drawing

Product Costing & Pricing

Preparation of Capital and Revenue Budget.

Analysis and Interpretation on monthly MIS and submitting to Group Vice President – Finance

Controlling and maintaining of Working Capital.

Setting up of Finance Controls and Policies.

Preparation of Annual Statutory Accounts.

Liaison with External and Internal Auditors.

Instrumental in determining business strategy, continually providing financial advice to General Manger – Operation & Marketing.

Monitoring on statutory compliances to take place within due time.

Monitoring of Insurance policies and negotiating with

Finalization of quarterly and yearly accounts.

Adherence and compliance to IFRS

Verification and reconciliation of significant ledgers.

Inventory Management (Requirement, Movement and Cost Control).

Monitoring of accounts receivable and payable to smoothening working capital.

Implemented and Contributed in designing of Business Structure in SAP ERP.

Heading the Procurement dept. and playing key role in negotiation of high value and core raw materials.

Monitoring of Inventory Management and Fixed Asset. Significant Achievements;

Implementation of Key Financial Policies

Successfully completed dynamic product cost sheet for 100 products.

Successfully implemented SAP and works as SME for Financials, Costing and Treasury

Implementation of Internal Controls and Procedures.

Successfully established Cost Monitoring Department to monitor project cost. Organization 6: KOWTHA & CO, Chartered Accountants. Duration : March, 2000 to March 2003.

Role : Sr. Audit Executive

Nature of Duties:

As a senior audit executive I am responsible for planning, designing, reviewing the audit plan and scope of coverage and monitoring the actual progress on regular intervals.

Undertaking the responsibility for the timely completion of Audits by effective delegation of Audit activities among the team members and managing the team.

Member of M&A team and participated in 5 acquisitions.

Preparation of feasibility reports

Preparation of Financial Models

Preparation of budget and comparison with actual and analysis of variance.

Verification and reconciliation of various ledgers.

Conducting Inventory audit on half yearly basis

Physical verification of fixed assets on yearly basis.

Verification of journals and its supporting documents and authorization levels.

Conducting project audits.

Setting up the internal checks in weak areas.

Preparation of Half Yearly and Yearly Financial Statements and submitting to division management with interpretation.

Liaison with external auditors and facilitate timely completion of audit.

Designing and Implementation of Internal Controls and procedures as per the company policy.

Checking the working process of Internal Controls and Procedures as laid down by the company.

Preparation of project status report with analysis and same submitting to Project Director and Division Director for discussion.

Monitoring the project cost as per budget and providing approval.

Statutory, Internal & Tax Audits of companies

Stock audit

Statutory audit of bank.

Concurrent audit of banks.

Personal details:-

Maritorial Status: Married

Date of Birth: 05/05/1978

Present Residence: Qatar, Doha

Nationality: Indian

Family: wife and two Kids (6.5 years & 4 years)

(CA SRINIVASA REDDY.KOTHA)

(Srini)

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