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Accounting Manager

Location:
Vasant Nagar, Karnataka, India
Posted:
October 17, 2019

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Key Skills

Profile Summary

Financial Controllership

Management Consulting

Strategic Financial Analysis & Planning

Funds Management

Budgeting & Cost Control

Statutory Compliance

Taxation (Direct / Indirect)

Auditing (Statutory / Internal / Tax)

Internal Financial Controls

Management Reporting (MIS)

Reconciliation / Consolidation of Financials (Inter-company)

Performance Management

Holds multi-cultural experience of working for Indian and multinational companies from start-ups to multi-billion dollar MNCs

Custodian of financial planning & analysis, internal / regulatory reporting, accounting, budgeting & forecasting leading to long-term improvements in cost saving, profitability & productivity

Established healthy relationships with bankers & FIs for fund raising; focused on diversified fund performance which involved assessing portfolio risk & return drivers to ensure optimised outcome on a recurring basis

Enhanced financial processes through initiatives geared towards lowering risk, heightening productivity &improving internal control

Proficiency in reviewing Financial & Management Reports like cost & benefit analysis, productivity analysis and cost variance analysis; created and reviewed business plans and financial models

Extensive working knowledge of modern accounting / cost control systems, accounting standards and statutory / regulatory compliances including IFRS, US / Indian GAAP, SOX Compliance and Ind. AS

Supervised all Indian tax compliance and submissions covering including Income Tax, Goods & Service Tax (GST), Central Excise, VAT, Service Tax, Customs, Withholding Tax & Transfer Pricing including tax planning, returns, internal reporting and accounting

Managed financial accounting, receivables & payables, ledger books, reconciliations and finalization / consolidation of accounts (Balance Sheet / P&L Account)

Hired qualified finance & accounting staff, emphasised on increased training and improved morale amongst staff

Soft Skills

Education

CA (Chartered Accountant) from Institute of Chartered Accountants of India in May’98

ICWAI (Cost Accountant) from The Institute of Cost Accountants of India in Jun’97

B.Sc. (Mathematics, Physics and Chemistry) from DAR College, Nuzvid, Nagarjuna University in 1989

Work Experience

Since Apr’17 with MILLTEC Machinery Ltd., Bengaluru as Finance Controller

Key Result Areas:

Accomplishing finance human resource strategies by determining accountability communicating and enforcing values, policies, and procedures; implementing recruitment, selection, orientation, training, counselling & disciplinary programs

Planning, monitoring, appraising, and reviewing job contributions and compensation strategies

Establishing finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, & customer-service strategies; designing systems; accumulating resources; resolving problems; implementing change

Strategizing and implementing accounting and financial policies/ principles and tracking systems for various functional areas while ensuring compliance with accounting standards, procedures and policies

Fund raising with banks for working capital and capital investment

Monitoring financial performance by measuring and analyzing results; implementing corrective actions; minimizing the impact of variances

Maximizing return on invested funds by identifying investment opportunities; maintaining relationships with the investment community including banks and financial institutions

Reporting financial status by developing forecasts; reporting results; analyzing variances; developing improvements

Arranging Board meetings, AGMs & EGMs along with other secretarial activities; drafting corporate governance policies, reviewing the same and reporting to Board and other Management Committees

Spearheading overall accounting operations pertaining to accounting transactions, formulation/finalization of various accounts and statements like trial balance, profit & loss account, balance sheet and various reconciliation statements while ensuring compliance with Ind. AS and IFRS

Generating& reviewing various MIS reports like monthly profitability report, monthly profit & loss, balance sheet, cash flow statement, working capital statement and cash flow projection

Implementing various systems/processes as per business needs (as-is & to-be analysis) and reviewing processes as per business specifications

Collaborating with statutory & internal auditors and government departments for ensuring statutory & internal control / policy compliance

Driving cost savings by coordinating with cross-functional teams and leading process improvement initiatives

Highlights:

Established system controls for streamlining workflow and handling escalations according to organization metrics

Interfaced with banks for working capital arrangements, term loans and forex management

Led GST implementation in accordance with GST laws and regulations; steered tax computation & return filing

Key role in IPO preparation and filing of DRHP

Process improvement and customisation of ERP

Sep’15 – Mar’17 with Tintometer India Pvt. Ltd., Hyderabad as Finance Director (Head of Finance)

Key Result Areas:

Led the organisation on strategic financial issues, such as sources of funds (internal / external) and advised the Board on long-term financial trends to support the achievement of company objectives

Ensured the prompt, accurate & timely preparation of budgets and financial reports including income statements, balance sheets, tax returns and reports for government regulatory agencies

Supervised the development and improvement of all accounting procedures and financial systems used by the company

Monitored and reviewed company performance regularly; identified risks and supported the Board and management with mitigation strategies

Nov’13 – Apr’15 with AMETEK Instruments India Pvt. Ltd., Bengaluru as Finance Controller of VTI Strategic Business Unit

Key Result Areas:

In-Charge for end-to-end finance & accounting functions including AP, AR, inventory, product costing, payroll & treasury

Maintained statutory compliance including Central Excise, Customs, VAT, CST, Income Tax, STPI, EHTP, FEMA, so on

Part of Executive Management Team (EMT) in India, responsible for overall business operations

Interacted with Corporate Head Quarters for consolidation of accounts, inter-company transactions & policy formulation

Liaised with customers and Marketing Team for negotiation of price of production, framing support agreements, operations support, customer support and other related activities

Part of CFO Team to train new team members and mentor members in other teams

Supported US Team in their day-to-day accounting and MIS reporting

Jun’12 – Oct’13 with Dell International Services India Pvt. Ltd., Bengaluru as Senior Accounting Manager

Key Result Areas:

In-Charge for Opex and FA of Dell entities in India; supported other Dell entities in APJ

Worked with Compliance and Tax Team to comply with Direct & Indirect Taxes, STPI and SEZ compliance, local VAT requirements and tax planning to utilize benefits and get refunds

Interacted with various Dell legal entities for accounting inter-company transactions including sales, purchases, freight, reimbursements, remittances and other similar transactions

Worked with various auditors to complete Statutory, Tax, USGAAP, Internal, SOX Compliance & other audits

Compliance with Dell global policies viz., Balance Sheet reconciliations, Opex to COGS reclassification.

Compared budgets and actual, conducted Flux analysis and worked with M&A Team

Previous Experience

Aug’04 – Jun’12 with Telsima Communications Pvt. Ltd., Bengaluru as Senior Manager – Finance & Accounts

Highlights:

In-Charge for Indian books of accounts; prepared financials as per Indian GAAP and reported to parent company in USA

Prepared MIS, SOX compliance and uploaded financials through Hyperion for group consolidation

Conversant with STPI rules of bonding, debonding; re-export, Softex Forms, periodical returns and others

Part of core team in implementation of ERP Microsoft Navision software

Set up a new unit and followed up with different government departments for various approvals

Jan’01 - Aug’04 with Denso Kirloskar Industries Pvt. Ltd., Bengaluru (DNKI) as Manager (Finance & Accounts)

Aug’98 – Dec’00 with Kurlon Ltd., Bengaluru as Manager - Finance & Accounts

Personal Details

Date of Birth:13th October 1969

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

Address: #129, Raghavendra Swamy Temple Street, Erappa Reddy Layout, Subbannapalya, Banaswadi, Bengaluru – 560033

Passport Number: H1283989 (valid up to 04th Dec 2028)

Visa Status: B1 Visa to USA valid till 2023

SRINIVAS MULAGALETI B.Sc., FCA, ACMA Senior Management Professional offering nearly 2 decades of extensive experience in managing entire financial transactions, reporting and policies for multiple companies and locations while implementing complex business processes and operational improvements; targeting senior-level assignments with reputed Organization

91-984******* adal3j@r.postjobfree.com

https://www.linkedin.com/in/srinivas-mulagaleti-54768817/

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