Manager Accounts

[pic]PAIDISETTY SURESH

Mobile: +919********* ~ Email:***********@*****.*** ~ Skype ID -

paidisetty.suresh

Senior management professional in Finance/ Accounts/Budgeting/ Auditing

PROFESSIONAL SYNOPSIS

< Chartered Accountant with 19 1/2 years (15 years post qualification) of

rich and varied experience in Finance, Accounts, MIS, Costing, Team

Management and Budgeting functions that is Multi-Profit Centre, Multi-

Location & Multi-Activity

< Proven abilities in the maintenance, consolidation and finalization of

monthly, quarterly and annual accounts

< An effective communicator with excellent relationship building &

interpersonal skills. Strong analytical, problem solving & organisational

abilities

< Keen understanding and significant experience in financial software

packages i.e. Oracle Application, SAP, Mapics and migration experience in

SAP and Oracle

CAREER GRAPH

Since Aug'09 T V Sundram Iyengar & Sons -Telecom & Networking Division,

Bangalore as DGM-Finance and

Accounts (Acting as Finance Controller)

Telecom & Networking Division is engaged in the business of Telecom Product

Manufacturing, Tower Services and Network Solutions and has manufacturing

plant at Madurai, 12 offices Pan India. It is one of the divisions of TVS

& Sons Group having revenue of over US $ 1 billion and Reporting to CFO and

he is also acting as COO and heading a team of 13 people

Nov'07- Aug'09 Cranes Software International Limited, Bangalore

as Manager Accounts and Taxation

Cranes is Indian Software Development Company having group turnover of

Rs.500 crores and Reporting to Vice President Finance and Accounts and

heading a team of 12 people

Feb'07- Nov'07 Mphasis Limited, Bangalore

as Manager Finance and Accounts

Mphasis is US based Software Company having Rs.2000 crores group turnover

and Reporting to General Manager Finance and Accounts and heading a team of

34

Aug'05- Feb'07 BOSCH Limited (formerly MICO), Bangalore

as Asst. Manager Accounts

BOSCH is a Germany based Automobile Company and a part of Robert Bosch

group having a turnover of Rs.3100 crores. Reporting to Plant Accounts Head

and heading a team of 8

Feb'01 - Aug'05 JSW Steel Limited, Tornagallu, Bellary

as Asst. Manager Accounts

JSW Steel is an integrated Steel Plant having a turnover of Rs.7000 crores

and a part of OP Jindal Group and Reporting to Vice President Finance and

Accounts and heading of 5 people

Jan'99 - Feb'01 Shaanshi Seritech Limited, Punganur, Andhra Pradesh

as Manager Accounts

It is a small process industry and having a turnover of Rs.10 crores and

reporting to Managing Director of the company, Hyderabad

HIGHLIGHTS ACROSS THE TENURE

Since Aug'09 T V Sundram Iyengar & Sons -Telecom & Networking Division,

Bangalore as DGM -Finance and

Accounts (Acting as Finance Controller)

Achievements

< Restructuring of loans and reduced the cost with lower rate of interest

< Completed audit of 18 months accounts within 45 days period and got

appreciation from CFO

< Directly worked with Financial Advisors for PE Fund and coordinated for

Due Diligence

< Totally involved with E&Y Audit firm for Demerger and presented two

company accounts to the management giving the impact of demerger scheme

Role

Statutory Accounts

< Responsible for month end closing process including AP, AR, GL and

Payroll to ensure the completeness of book closure in a strict timeline.

< Managing the timely preparation and maintenance of statutory books of

accounts and financial statements of the company, subsidiaries and

foreign branches; preparing consolidated financials in line with Indian

GAAPS.

< Supervision of fixed assets at corporate, factory and all the locations

including foreign branches and physical verification of entire assets

covering over three years.

Treasury Management

< Monitoring the cash inflows / outflows by preparing weekly and monthly

cash flow statement; taking adequate measures to ensure optimum

utilisation of available funds.

< Interfacing with Banks / Financial institutions for various limits, low

cost funding, debt restructuring, obtaining working capital requirements

and raising adequate finance to meet working capital as well as long term

requirements and also project financing

< Submission of required reports to the banks including CMA statement,

projections, financials, status of order book etc., and ensuring that

Loan Covenants are met.

Budgeting/ Costing /MIS Reporting

< Formulating the annual budget by month wise, vertical wise, location wise

and getting approved by the board and circulating to business and

vertical heads

< Preparation of Project costing/ business proposal and getting the

approval from the management before the business heads proceed further

< Preparation of monthly financials comparing with budgets along with

variance analysis and presenting in Chairman's review meeting

< Preparing the MIS reports like Daily Dash Board, Weekly Report, Monthly,

Quarterly and various other adhoc reports to keep a track of financial

performance.

< Preparation of materials for board meetings and also for board meetings

of parent company

Audit/Taxation

< Managing the complete planning and activities for completion of Statutory

and Tax audits

< Designing plan and scope of the Internal Audit and System Audit and

presenting the reports along with ATR to Audit Committee

< Responsible for all the statutory compliances like income tax, excise

duty, service tax, VAT, PF, ESI etc. in a timely manner and filing of

monthly, quarterly, half yearly and annual statutory returns

Team Management

< Leading the team members through continuous training & monitoring to

ensure efficiency in operations and meeting of individual & group

targets.

Nov'07- Aug'09 Cranes Software International Limited, Bangalore

as Manager Accounts and Taxation

Achievements

< Streamlined the accounting operations of the company

< Developed Budgeting system in close coordination with SBU Managers

< Completed ICAI International Taxation weekend Course contributed by the

company

Role

< Independently functioned as In-charge of entire accounts of Standalone

and Subsidiary Companies.

< Finalisation of Statutory / Tax Audits with auditors

< Responsible for monthly, quarterly and annual financial statements and

also consolidation of accounts on quarterly and annual basis

< Ensured all Statutory Compliances in the areas of Income tax, FBT,

Service Tax, VAT, and Customs duty and preparation of Transfer Pricing

Documentation and TP assessments

< Maintenance of separate books of accounts in Oracle for STPI and STPI

Compliances

< Preparation of various MIS reports like SBU wise cash flow statement,

Debtors Ageing, Creditors Ageing, Profitability Statement, Manpower cost

etc

< Liaising and negotiating with banks and financial institutions for

raising fund and non-fund based facilities

< Reviewed all insurance policies on regular basis and working for their

renewals

Feb'07- Nov'07 Mphasis Limited, Bangalore

as Manager Finance and Accounts

Achievements

< Closure of Accounts Payable and Fixed Assets Register 4 days before the

end of the month to enable General Ledger Section to submit monthly

reports to USA by 7th of next month

< Initiated Monthly meetings with Commercial Dept for smooth processing of

vendor payments

Role

< Handled the entire Accounts Payable Department including employees'

reimbursement team for various entities splitting into Indian and Foreign

operations

< Helping to General Ledger Section for Monthly, Quarterly and Annual

closing of Accounts

< Coordinating with Taxation Dept both Direct and Indirect in various

statutory returns filing

< Active Key user for SAP implementation from Oracle 11i

< Coordination with Statutory, Tax and Internal auditors of the company

Aug'05- Feb'07 BOSCH Limited (formerly MICO), Bangalore

as Asst. Manager Accounts

Achievements

< Submitted Plant accounts to Corporate before one week compared to

previous years.

< Completed independently two years annual books closing and two years tax

books closing

< Successfully migrated GL Module, FA Register and Cash Model to SAP and

got appreciation from Plant Accounts Head for smooth migration.

< Designed a process for cycle counting of physical verification of fixed

assets

Role

< Responsible for Monthly, Quarterly and Annual & Tax Books Closure of

plant accounts and Preparation of schedules required for closing of

accounts and for Notes to Accounts

< Responsible for Fixed Asset Master and reporting Schedule V to Corporate

and also for Cycle counting of Physical verification of Fixed Assets

< Reconciliation of Excise Duty, VAT and Service Tax with Excise Department

of the company

< Finalisation of Statutory and Tax and coordinating with Internal auditors

of the company

< Responsible for reconciliation of Inter Unit Adjustment between four

plants and Sales Offices

< Controlling and Supervising TA bills, Advances, Credit Card payments,

statutory payments and other miscellaneous payments

< Monthly analysis of all the expenditure and income accounts and

submitting to Corporate

< Conducting Internal Audit within the accounts dept as per Robert Bosch

guidelines

< Conducting meetings with all departmental managers for streamlining the

processes and ensuring smooth functioning of the operations

Feb'01 - Aug'05 JSW Steel Limited, Tornagallu, Bellary

as Asst. Manager Accounts

Achievements

< Got an appreciation from Commercial Dept for proper management of vendors

< Created a separate GRN Cell and automated vendor invoices thereby reduced

the processing time of vendor payments

< Initiated interactive meetings with various departments

< Presented annual results before 4 days compared to previous years

Role

< Preparation and presentation of Monthly, Quarterly and Annual Financial

Statements

< Independently handled the preparation of Notes to Accounts for Annual

Report of the company and scrutiny of general ledger

< Controlling of Operational Expenses through cost centres and comparison

with budgets.

< Determination of cost of production of finished goods and work in

progress along with their quantitative details for valuation of

inventories

< Coordination with Statutory, Tax and Internal auditors of the company

< Handled entire transactions of Oxygen and Power Plant Associate Companies

< Independently handled Accounts Payable team which includes processing of

all vendors related transactions both local and foreign. Preparation of

Ageing of Suppliers, Handling Agents and reconciliation thereon.

< Responsible for Monthly, Quarterly and Annual MIS reports like CIF value,

Consumption details of Raw Materials, Stores & Spares, Gas & Power, AS 18

Related Party Disclosure, Monthly Stock Statements to banks. Keeping

control of accounts of Chennai and Goa ports branches

< Keeping control on DEPB Licenses and Service Tax input

Jan'99 - Feb'01 Shaanshi Seritech Limited, Punganur, Andhra Pradesh

as Manager Accounts

Role

< Functioning as In charge of entire Accounts and Finance activities of the

Company

< Responsible for books of accounts and consolidation of Plant and HO

Accounts

< Finalisation of accounts for the Statutory Audit in coordination with

Auditors

< Preparation of MIS reports required by HO i.e. Monthly & Quarter Batch

wise reports and Cash Flow Statement and Monthly, Quarterly and Annual

Financial Statements

< Compliance with Income Tax Act, Companies Act and Sericulture Dept

At B. Sudhakar & Co., Chennai Audit Supervisor

Sep'96- Jan'99

Role

< Preparing Audit Programme, evaluating Stocks & Fixed Assets, scrutinising

Ledgers / Sub Ledgers, verifying Balance Sheet & P& L Account, etc

< Leading a team of Articled Clerks and Audit Clerks for conducting

Statutory and Tax Audits of Sole Proprietorships, Partnership Firms and

Private Limited companies

< Helping clients in designing the accounting systems

Articleship Training

M/s. B. Sudhakar & Co., Chennai Sep'93 -

Sep'96

Academia

< Chartered Accountant from the Institute of Chartered Accountants of India

in Nov 1998

< B.Com (Hons) from Berhampur University, Orissa in 1993 Secured 25th Rank

IT Skills: Well versed with MS Office, Mapics, Oracle Application, SAP (FI)

& Tally

Successfully migration of AP module from Oracle 10.7 to Oracle 11i in JSW

Steel Limited

Involved in the implementation of SAP as part of core functional team in

BOSCH Limited

Personal Profile

Date of Birth : 20th May 1972

Marital Status : Married

Language Known : Telugu, English, Hindi, Oriya & Tamil

Passport No : H2362952 and Valid up to 06.01.2019

Address : Flat No.402, 4th Floor, Asian Annexe, 7th

Cross, Near Ganesh

Temple,

S.G.Palya, C.V.Raman Nagar, Bangalore-560 093

References furnished upon request

Contact this candidate