Head Finance & Accounts

NARAHARI NAIDU DOB: Sep **, ****

Email: ***************@*****.*** No: 29/681, Riddhi Siddhi Flats, Gorwa

M: +91-970*-***-*** Vadodara, Gujarat-390016

EDUCATION INSTITUTE PERCENTAGE YEAR

CA ICAI 55% 2011

CS ICSI 51% 2011

B.Com M.S.University 55% 2009

Intermediate (12th) Board of Intermediate Education 94% 2006

SSC Sobhana E.M. School 77% 2003

WORK EXPERIENCE(3 Yrs) Dy.Manager Coromandel International Ltd (Murugappa Group) [May,2013-Till Date]

Currently working as Head of Finance and Accounts at Hyderabad, Coromandel SQM (India) Pvt Ltd ( A joint venture of

Coromandel International Limited and SQM) since more than an year [January 2014-Till Date]

Worked as a Deputy Manager, Management Audit in Coromandel International Limited being responsible for conducting

Management Audit of units of Coromandel. [May, 2013- January, 2014]

Worked as an Associate Consultant, Risk Advisory Services in Ernst & Young LLP. [April, 2012- April, 2013]

Key Experience

Finance & Accounts

• Worked in Full life cycle SAP implementation for Coromandel SQM (India) Pvt Ltd.

• Thorough understanding of FI (GL, A/R, A/P, AA), MM, SD and PP modules and SAP system from business

process, cross functional and integration viewpoints.

• Managing the day-to-day financial activities of the organization; control its financial resources and ensure that

all financial transactions, systems and procedures comply with regulations, accounting principles, and standards.

• Analyzing the organization's revenues, liabilities, credit conditions, and other financial indicators to forecast it's

short, medium, and long-term cash flow position; evaluate and recommend investments, funding sources, and

other financial instruments that will meet these cash flow needs.

• Preparing the organization's financial reports and present findings and recommendations to the Board.

• Ensuring that all tax returns, tax declarations, and other required reports are submitted accurately and in time.

• Leading, directing, evaluating, and developing financial staff ensuring that the organization's accounting

activities are conducted accurately, ethically, consistently and according to relevant regulations, laws, and

standards.

• Participation in Monthly review meetings and provide finance updates to top management.

• Forecasting working capital requirements and ensure the liquidity in the system.

• Effectively hedging the foreign exposure on the balance sheet and minimize premium cost/forex losses.

• Monthly closure of books, reconciliation of accounts.

• Analyze business risks and provide management with sound fact based financial advice - through assessment of

relevant indicators, provide insight and recommend potential mitigation options to potential risks/exposures.

• Review monthly reports and understand material deviations from strategy and forecasts, recommend remedial

options through effective business partnership demonstrate how finance can add value in the Commercial units

to maximize growth

• Monitoring, reporting and forecasting business financials viz volumes, revenue, EBITDA, ROCE, BEP, by

analyzing budget assumptions v/s actual trends for discussion/ debate to senior management and to take timely

corrective actions/ plans to achieve the objectives.

• Capex and Working Capital Management & fund management. Arranging for funds at competitive rates

from banks.

• Preparation of annual budgets with validations of all the assumptions & industry/ past trends.

• Review and monitor balance score card achievement periodically and report to the top management.

• Preparation of timely & robust MIS to the management with suggestive comments on operations and

cost optimization for achieving budgeted parameters and releasing alerts & exception reporting, thereby enabling

appropriate and timely decision making.

• Handling the JV sensitivities smartly and maturely through smooth interaction with partners.

Internal Audit and Risk Assessment

• Conducted efficient audit and investigations, which covers all risk areas and functions like Finance & Accounts,

Production planning and performance improvement, Procurement, Contracts Management, Project

systems, Utilities and Cost of production, Budgetary controls, Treasury Operations, Marketing

Operations, Dispatches, Asset management, Insurance adequacy, and loan covenants review of Reliance

Industries Limited, Vedanta Resources Plc, Essar Power Limited, Coromandel International Limited etc.,

• Carried out audits inaccordance with the annual plan to carryout efficient audit and investigation scheme, which

covers all risk areas and functions.

• Identified major control gaps amongst various processes and opportunities for improvement. Recommended cost

savings in the areas of by-products, utilities, procurement, finance & accounts etc.,

• Finance & Accounting adherence to policies, procedures, work instructions and authorization levels.

• Departments performance of their activities in accordance with the approved policies and procedures.

• Internal controls and ensure their efficiency in protecting the assets of organization.

• End to end business processes review establishing the efficiency and effectiveness.

• Accounting system review to determine their efficiency and completeness.

• Analyzing the data obtained as evidence for deficiencies in controls, duplication of effort, extravagance, fraud, or

lack of compliance with the applicable laws, government regulations, and management policies or procedures

and suggesting remedial measures.

• Utilization of SAP reporting tools to periodically audit master data accuracy and synchronization across

SAP modules.

• Preparation and submission of reports on discrepancies and variances and recommend the relevant solutions to

the management.

• Supported in preparation of timely audit reports for executive management, the Audit Committee and the

Board of Directors.

ARTICLESHIP/INTERNSHIP

Profaids Consulting Article Assistant Oct 2007- July 2010 2 Years and 8 Months

Position: Team leader

• Areas of Audit Familiar with are Purchases, Inventory Controls, Sales & Dispatch, Statutory

Compliances, Process Review, Cost Audits, Service Tax Audits, ESOP Valuation etc.,

• Verified internal controls and carried out internal audits, providing suggestions for improvement of the

same.

S.C.Bichhawat & Co Article Assistant Dec 2006 - October 2007 10 Months

• Gained adequate knowledge in the areas of Statutory audits, Tax audits of small and medium enterprises.

• Gained adequate knowledge in the area of Bank audits.

• Got familiar with the basics of accounting and regular vouching techniques.

• Team Leader, Successful implementation of SAP.

• Handled Audit committee meetings of SABERO ORGANICS GUJARAT LIMITED.

• Winner, 2nd prize, FEMA Regulations, RBI competition, ICAI Vadodara.

• Secured,highest score in commerce in 11th Standard in the state of Andhra Pradesh and 4th rank in state..

POSITIONS OF RESPONSIBILITIES/EXTRA CURRICULAR ACTIVITIES

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