Accounting Assistant

CA Venumadhava Reddy

B. Com, CA (Chartered Accountant)

Current Location – Abu Dhabi, UAE

+971-********* /+91-917*******

************@*****.***

Profile Summary

ACA with Accounting and Finance professional with high degree of commitment and integrity, an energetic and self-motivated team Player with excellent time management, inter-personal and communication skills and 8 years of post-qualification experience in Finance, Accounts, FP&A, Taxation. Compassionate team leader, mentor and coach, encourages personal and professional growth for all to succeed. Possess a flexible & detail oriented attitude, adaptable to fast-paced environments, proven abilities in ensuring customer satisfaction by responding to customer queries, achieving service quality norms (SLA & TAT). Skilled in encouraging healthy employee - management relations in the organization by motivating workers to voice their opinions on common platforms and promoting employee involvement in the improvement activities

Career highlights

A result-oriented Finance Professional with experience in financial accounting, Reconciliations, lease & fixed asset management, Intercompany, Closing & Reporting, IFRS requirements, Bank reconciliation, Accounts payable and Accounts receivable with leading giants like Accenture, Wipro BPO GENPACT and First Abu Dhabi Bank (UAE).

Travelled London, UK as a head of Five-member team for Process negotiation and transitioned Group consolidation activities and Second time for R2R and AR activities.

Specialties: Operations Management / Service delivery/ Client servicing / Financial Analysis / People Management/Controllership/Project Key member for Integration and Merger Phase.

Industry verticals covered - IT, Banking, Travel, Retail business, manufacturing and financial &Auditing services.

Received Certificate of Appreciation for exemplary performance in upholding the spirit of client at Accenture, GENPACT & Wipro several times.

Professional Experience and Significant Achievements

Employed with First Abu Dhabi Bank Head Office, Abu Dhabi, UAE as a Supervisor Accounting and VAT Operations, From April 2018 to April 2020. A Multi national Bank with main activities includes Corporate and Investment Banking, Retail Banking, BG, LC & Facility Management, Broking and Agency Services. Main responsibilities include Analysis of Customer Financial Statements with Ratio Analysis, Assessing the feasibility of investments, MIS reporting, Fixed Asset, Account Reconciliation and Proofing of Control GLs, Lead team of 5 members

Employed with Genpact India Pvt Ltd, Hyderabad, India as an Assistant Manager, From Aug 2015 to November 2017 and leading a team of 5 member for one of the prestigious clients who is dealing with travel management, business travel, conferencing, exhibitions and handles event management who migrate their process to Genpact. Main responsibilities include Month end close, Financial and statutory reporting, Intercompany and Consolidation at Group Level, Payroll Process, Monthly expenses tracking and Variance Analysis, Review of BS Reconciliations.

Employed with Wipro Ltd, Chennai, India as a Team Lead, From May 2013 to Aug 2015 and leading a team of 5 members for one of its prestigious client in trading and Leasing Electronic Gadgets across UK and European region, who migrate their process to Wipro. Main responsibilities include ME closing, Interco reconciliation & report, financial reporting, Financial Packs and Notes as per IFRS, governance and weekly update calls with onshore finance team.

Employed with Accenture, Chennai, India as a Senior Specialist, From December 2011 to April 2013 for one of the global clients Boeing who is dealing with manufacturing of industrial tools and Aircraft Parts who migrated their process to Accenture. Main responsibility includes Month end closing, Monthly reporting, Fixed Asset, Intercompany invoicing, reconciliation & reporting, Quarterly reporting, Bank reconciliation, Balance sheet account reconciliations.

Employed with Contec Syndicate Pvt Ltd, Hyderabad, India as an Accounts Executive, From Mar 2010 to Oct 2011. It Constructs Bridges, Culverts and Dams, Government Contracts as States Largest Construction Company. Main responsibility includes BRS, Reconciliation of Cost and Financial statements, settlement of creditors, Maintaining journal vouchers, Reconciliation of Tax and Sub-contractors Accounts, Preparation of MIS and Variance Reports and Tax Filings.

CA Article ship with Y Thirumala Rao&Co, Vijayawada, India as an Article Assistant, From Feb 2007 to Oct 2010. A Leading Audit Firm who providing corporate solutions such as Audit, Consulting, Risk Management, Financial advisory and related services and comprehensive internal audit and control procedures. Main responsibilities includes Internal and Statutory Audits of Scheduled Banks, Hospitals, Construction Companies, Manufacturing and Trading Companies, Filing of Income Tax Returns, VAT and Service Tax Returns, Stock Audits and Revenue Audits.

Common Key Responsibilities

Responsible for Monthly/Quarterly and Annual financial close, General Ledger and financial reporting includes P&L and Balance sheet.

Responsible for Payroll, inter company, Bank and Balance sheet reconciliation and make the necessary action plan to clear the open item with help of controllers.

Responsible to check the Investment plans as per discounted cash flows and IRR.

Check the Valuation process of the Insurance Claims in Stock Loss and Profit Loss Schemes.

Active participation in ERP implementation (T24) for finance and Accounting at First Abu Dhabi Bank in the Merger Phase of NBAD and FGB and SOP preparation.

Conceptualizing and implementing Automation plans.

Discussions with team members and providing feedback to them about their performance.

Performing audit procedures including developing testing criteria, reviewing and analyzing evidence, and documenting Company processes and procedures

Identifying and documenting audit issues and provide recommendations using independent judgment concerning areas being reviewed

Preparing audit planning documentation, participating in walkthroughs, and assessing the internal control environment through control and substantive testing

Assisting in conducting interviews, reviewing documents, composing summary memos, and preparing audit work-papers

Engaging with internal and external stakeholders on issues related to individual items as well as remediation themes identified in different areas

Performing risk assessments and planning, executing and leading integrated risk, financial and technology audits

Rolling out Training Plans for team members (process related and also organizational level).

Manage team’s organizational development by through individual work plans, proper utilization of resources, and segregation of tasks, complete training to deliver the results needed.

Standardizing process by observing recurring Activities on monthly basis with accuracy.

Deliverance against contractual responsibilities for delivering service across the towers.

Ensuring delivery against SLAs, controls, compliance requirements, maintain issue logs and standardization and improvement initiatives.

Fixed Asset:

oCreation and monitoring a system of controls, procedures and forms for the recordation of fixed asset.

oReconcile the balances in the fixed asset subsidiary ledger to the summary level accounts in the general ledger.

oResponsible for Asset Reconciliation with Depreciation Run & Asset Grid.

oReview and update the details schedule of fixed asset and accumulated depreciation.

Reporting:

oPeople management report, SLA and KPIs.

oBranch wise Financial statement Reporting,Sales reconciliation and reporting (Internal and external)

oStock, WIP, Warranty, COGS reconciliations and calculations then reporting of gross profit.

oBooking of functional cost and checking for balance sheet finalization.

Monitoring Accounts payable and receivable:

oResponsible for verify the invoice and give the coding to payable team to book the invoice.

oUploading the payment proposals to be paid to the vendors.

oVerify the vendor’s ledger periodically.

oResponsible for the reconciliation of Receivables and Payables

Education

CA from: The Institute of Chartered Accountant of India.

oCore subjects: Advance Accounting, Auditing, Direct and Indirect Taxation, Financial management and International Finance

B.Com. (Computers) from :SR&BGNR college Khammam, Under Kakatiya University

oCore subjects: Accounting, Tax, Auditing, Statistics, Cost and management accounting

Strength

In depth Knowledge in Varies areas in the Accounting process.

Demonstrated ability to lead and develop a team of accounting from transition period.

Ability,Adaptability and commitment in dealing with a virtual, complex and changing working environment in MNCs

Computer Proficiency

Working knowledge in: MS Word, MS Excel, Power Point & Various Accounting Packages & tools like Xelerate(GCC), Oracle, AS400 application of IBM includes WINGS & BPCS, Lotus Notes, Outlook, office 2007/2010, Hyperion (HFM), People Soft,T24, Tally.

Personal Information

Date of Birth: 16th Aug 1983

Nationality/Citizen: Indian

Marital Status: Married

Language Known: English, Hindi, Telugu & Tamil

Passport: K6893667, Valid up to 17th Oct 2022

UAE Driving License: Yes, 2482619,Valid up to 24th Aug 2021

Declaration

I hereby declare that all information given above is true and complete to the best of my knowledge and belief.

Place: Abu Dhabi CA Venumadhava Reddy

Date:

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