Finance and Accounts

Iyer Manoj Parameswaran

Address: Sadhana Apartments Flat No 14 First floor Plot H/5 Sector 14 CBD Belapur- 4000614

India no: 809-***-**** Email: ********@*****.***

PROFESSIONAL ABRIDGEMENT

MBA (Finance) with more than 15 years of experience in Finance & Accounts,Consulting,ERP implementation and Training across various industries

A thorough professional with a proactive attitude, capable of thinking in and out of the box, generating new design solutions and ideas.

WORK EXPERIENCE

Currently working with Viztar International India Pvt(Subsidiary of Britt Worldwide Pvt Ltd,USA) as Financial Analyst Manager from June 2013 till date

Core Competencies:

Controlling all approvals for cash and bank payments

Preparation of daily,weekly and monthly MIS for decision making

Monitoring and followup of collections for all verticals

Handling internal,statutory and tax audits

Participating in top level decision making,AGM,board,investor and PMS review meetings

Finalization of books of accounts

Making of business plans,project management reports,feasibility study reports

Monitoring of cashflows,profit and loss account and consolidation of reports for all verticals

Participation in management meetings for PMS reviews and decision making

Making of bank book,cash book,inventory reports,stock reconciliations and employee turnover reports with financial ratio analysis

Assesing working capital needs and providing for short term and long term funding

Making of CMA data as per necessary schedules

Making of processwise profit and loss account for each vertical in call center

Doing demand and supply forecasting as per consumer needs for clothier vertical

Advising the board on top level decisions

WORK EXPERIENCE

Self employed from May 2011 till May 2013 in LC,SBLC,BG,loan,private equity and forex trading.

WORK EXPERIENCE

Worked with India Infoline Wealth Pvt Ltd as Senior Manager Finance&Accounts and research in International Operations from Dec2010 to April 2011

Core Competencies:

Preparation of daily MIS for calculating MTD,YTD brokerage revenue for IIFL wealth and sub accounts

Approving daily NAV for different class of securities by comparing administrator cashflow and balance sheet with fund balance sheet and cashflow

Preparation and review of daily trade register for trades executed by identifying trade types and updating Bloomberg tickers

Preparation of GOF daily bank book in excel and maintenance of daily cashflow,inflow outflow sheet for accounting redemption and subscription of securities

Developed systems and processes to manage international back office operations in ERP called Moneyware

Helping the research team in MIS reports for preparation of daily trade reports in derivatives,forex,commodities,stocks and indices

Calculation and forecasting of future instrument prices using indicators like SMA,DMA,Elliot Wave,Exponential smoothing models,Trend lines etc and forecast function in excel

Closing of monthly books of accounts with accounts team

Worked as Financial Controller for a startup called Gemini Equipments and Rentals Pvt Ltd,Mumbai(Dec07-Nov10)

Core Competencies:

Raising of funds for equipment expansion,liasoning with banks and NBFCs,managing and preparation of documents like business plans,Profit and Loss A/C,Balance Sheet,Cash flow statements,capex,internal audits and finalization of books of accounts

Preparation,review,analysis and presentation of investor reports like budgets,MIS,equipment status,

Variance of actual and estimated,breakeven,contracts in hand,zonewise profitability reports,

Projected cashflows, projected capex,loan amortisation schedules,existing and targeted financier

Disbursement reports,EMI Vs Revenue Vs Collections report

Managing,preparing,review and analysis of IRR,NPV,ROI estimation reports machinewise

Capital budgeting,review and analysis,project feasibility,financial feasibility studies on new equipments

Managing periodic internal audits to optimize efficiency,effectiveness and control

Implemented Oracle Financials 12.0.4 FA,AP,AR and GL modules and completed one lifecycle

Business Process Study,requirement gathering,process mapping,GAP analysis,preparation of test cases, data templates, query solving, project management

Documenting business processes by way of flowcharts,quality manuals,process guides after visiting depots at all major locations in the South

Drill down on purchases,equipment financing,payables and receivables processes

Turnaround,restructuring and reengineering of existing processes

Major strengths and skill sets acquired on the job included exposure to Oracle FA,Receivables, Payables,Cash and Loans modules,preparation of COA,BP80 documents

Preparation of test cases,test data,validation checks for data migration and troubleshooting user queries while testing

Defining location and equipment segments,parent and child accounts,GL and expense codes, variables,Key Flex Field and Descriptive Flex Field Values and segments

Managing key implementation stages like CRP,UAT and data migration single handedly for completing 1 full lifecycle in the ERP implementation

Leading and guiding the team in understanding functional requirements and mapping them to suit user requirements

Debugging,identifying logs through audit trails,resolving complex reconcilliations by comparison of Oracle reports with previously existing reports in FACT

Reconcilliations covered balances of cash book,bank book,trial balance,debtors,creditors and GL to AR and AP as well as netting

Performed complex reconcilliations in FA for depreciation on operational and non operational assets by comparing YTD,Accumulated and Adjusted depreciation after depreciation run while closing periods

Built lease schedules and attached individual lease schedules to lease details for all assets for exporting of leases from FA to AP

Ran Mass Additions,Post Mass Additions for all assets for creation of assets in asset workbench

Mapped the process of breaking principal and interest on loans through Custom EMI breakdown program and capitalisation of interest charges in AP

Setup bank and cash accounts and linked payment manager to leases through templates for periodic printing of EMI cheques

Streamlined the process of margin money paid to financiers on loans by identifying them as prepayments in the system and applied them to AP invoices

Mapped the process of applying receipts to debtors invoices and calculation of TDS through credit memos

Streamlined process of billing by giving price break functionality and enabling DFF for calculation of rent in case of conditional contracts

Mapped STH and OTH contract calculations in case of standard contracts

Solved complex billing queries generated in the first cycle by identifying errors in billing,asset allocation,usage entry and MSO schedules in CRM

Setup Equipment and location segment GL codes in GL for all assets and locations

Setup item categories and asset categories for all assets in IMO in India local order management

Setup tax codes,TDS thresholds and sections for deduction of all TDS on payments in AP

Built FSG reports in GL by defining row sets and column sets for getting YTD,MTD,PTD Actual Vs Varied,budgets and encumbrances through encumbrance accounting setups in GL

Setup inventory codes by classifying inventory and non inventory items and identified expense accounts,charge accounts for all expenses needing service tax setoff in AP

Built internal control mechanisms in PO to AP by 3 way matching and holding payments by creating price,quantity variance and percentage holds

Preparation,review,analysis and presentation of investor reports like budgets,MIS,equipment status

contracts in hand,zonewise profitability reports, loan amortisation schedules

Maintenance of cash book,bank book and loan register

Raising of funds for equipment expansion,liasoning with banks and NBFCs,managing and preparation of documents like business plans,Profit and Loss A/C,Balance Sheet,Cash flow statements,capex

Monthly reconcilliation of receivables and payables for calculation of balances due

Supervising and reviewing daily entries made by accountants

Preparation,review,analysis and presentation of investor reports like budgets,MIS,equipment status,

Variance of actual and estimated,breakeven,contracts in hand,zonewise profitability reports,

Projected cashflows, projected capex,loan amortisation schedules,existing and targeted financier

Disbursement reports,EMI Vs Revenue Vs Collections report

Managing,preparing,review and analysis of IRR,NPV,ROI estimation reports machinewise

Capital budgeting,review and analysis,project feasibility,financial feasibility studies on new equipments

Managing periodic internal audits to optimize efficiency,effectiveness and control

Major Achievements:

Raised around Rs 45.6 crore from institutions like ICICI,Reliance Capital,Kotak,SREI and Sundaram Finance for funding a capex of 180 equipments spread across Transit Mixers,Wheel Loaders,Excavators,Pavers,Surface Miners,Porta Containers,Boom Placers and Pick and Carry cranes

Presented papers for financial stake holding bids from IDFC

Brought down turnaround time in procuring equipment finance from one and half months to two weeks through effective and efficient coordination,control and continuous followups

Successfully lead and managed a team of executives in achieving and exceeding the desired targets in IT and Finance related activities for Oracle Financials 12.0.4 in FA,AP,AR and GL modules

Succesfully prepared,managed,controlled and presented key financial reports to private equity investors like Berggruen Holdings Pvt Ltd and Cycladic Capital Pvt Ltd

ORGANIZATIONAL HIGHLIGHTS

Worked with Ernst & Young Pvt. Ltd., Mumbai in Transaction Support in Finance&Accounts as Senior Consultant (June02-Nov07)

Key Contributions:

Successfully completed on site implementation of financials and risk management module from conception to Go Live in GFIS ERP (Global Financial Information System)

Reported directly to the partner and headed the entire financial & accounting operations,internal audit,MIS,back office,risk and quality management for Transaction Support& implemented GFIS ERP

Periodic review of client company financials,annual reports, research on client companies in databases like dun and bradstreet,gator,capitaline

Mapped numerous risk management activities like client setup, client acceptance,engagement acceptance & setup,engagement letter clause evaluations in GFIS

Developed TAS QRM Processes through documentation of processes by way of process guides.

Managed WIP inventory for identifying industrywise,engagementwise,partnerwise and managerwise profitability

Achieved reduction in inventory levels through effective monitoring and implementation of processes to control WIP by writeups and write offs.

Oversaw follow-ups for information thus leading to reduction in cycle time for engagement code generation.

Involved in coordination between clients and engagement managers through timely reporting and follow ups thus reducing the AR Levels

Monthly preparation and presentation of key MIS data like client order book,projects in pipeline,referral fees earned,contributions made industrywise,partnerwise,managerwise

May’95-March2000 worked with Jay Precision Products Pvt Ltd,Mumbai as Accountant

-Responsible for day to day accounting,cash,bank,reconciliation,trial balance,internal audits

-Preparation of MIS,P/L,Balance Sheet,Cash Flow,Fund Flow,budgets and variance reports

-Designing and implementing of internal controls for preventing income leakage

-Finalization of books of accounts

EDUCATIONAL CREDENTIALS

MBA (Finance) from Babasaheb Gawde Institute of Mgt. Sciences, Mumbai with first class in 2000-2002.

Advanced Diploma in Computer Software & Systems from Board of Technical Education, Maharashtra with first class in 1997.

B.Com. from SIES College of Science,University of Mumbai in 1995.

IT SKILLS

Platform & Software Knowledge : Oracle Financials 12.0.4,GFIS

Operating Systems : Windows 98/ Windows XP

Packages : MS Word,Excel,Powerpoint

DATE OF BIRTH: 19TH November, 1974

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