Financial Manager

SUDHAKARARAO.AVULA

Mobile: +260********* ~ E-Mail: *********@*****.***

TOP MANAGEMENT PROFESSIONAL – CFO

Excellent Track Record of Achieving Momentum for Large Scale Projects / Business Operations with Key Alliances & Financial Strategies. Accelerated Profits, Productivity and Cost Containment with Process Upgrades; Applies Qualitative & Quantitative Analyses to Elicit Top Results from Employees, Vendors and Partners

AN OVERVIEW

Highly accomplished, results-driven financial management leader with more than 20 years of progressive experience in financial and operational excellence in global multi-million dollar organizations in India as well as Abroad

Presently associated with Holy Faith Consultants Ltd., Zambia as Director (50% Holdings)

Cross-cultural leader with strong exposure in strategic & financial planning for start-ups, complex restructuring, expansions, large scale business transformations and business advisory roles

Comprehensive experience in spearheading the Finance Function of multiple complex contracts with large annual revenue, with experience in improving contract profitability & control posture and preventing revenue loss

Found innovative means to fund financial needs of the organization at difficult times. Well versed with IFRS, IGAAP & GAAP. Successfully reviewed & enhanced all financial procedures and internal controls, automated and integrated financial information systems, prepared financial forecasts with coordinated budget projections and developed a plan to finance significant unfunded capital authorizations

An enterprising leader with excellent decision making, controlling & problem solving skills; holds the distinction of being recognized for best performance by several employers

SPHERES OF EXCELLENCE

Leadership:

Strategy / Policy Formulation Financial Control & Leadership Change Management Global Operational Effectiveness P&L Ownership & Growth Strategy Service Delivery Organizational Re-engineering

Functional:

Financial Planning & Analysis Accounting Budgeting & Forecasting Variance Analysis Cost Management Fund Management Auditing & Internal Control M&A & Investor Relations Direct & Indirect Taxation Accounts Receivable & Payable ERP Implementation Fixed Asset Management Corporate Governance Compliance Talent Selection, Development & Retention Performance Measurement

CAREER CONTOUR

Since Oct’12: Holy Faith Consultants Ltd., Zambia

Director (50% Holdings)

Key Result Areas: Driving achievement of business growth & profit goals by formulating & implementing strategic financial solutions and business policies, procedures & systems for tracking financial operations. Translating business vision and strategy into operational tactics; facilitating business transformation and productivity initiatives in a manner that systematically improves operational execution; driving business process improvements, improving quality, and reducing total cost of ownership.

Played a key role in reviewing protected cash flow and complying / submitting to Group Financial Controller for approvals; also reviewing budget v/s. actual expenditure with Group Accountants for preparing note to financial controller and MD as well as for review

Actively involved in daily manpower planning functions in coordination with Section Heads in the plant to reduce wages and allowances

Established and implemented internal control disciplines throughout the division to maintain integrity and accuracy of financial reports

Attended review meetings with Group Internal Auditors on monthly basis; prepared Monthly Managers Review Report as well

Planned as well as conducted NSSF/PAYEE accounts review with Concerned HR for submitting to the consent external agencies; deftly clammed VAT with consent revenue authorities

Instrumental in conducting Software SRS Documents and Testing Analysis

Sep’12-Jun’14: Chiteta Mining Company Ltd., Zambia

Resource & Planning Manager (Finance, Accounts & Admin)

Key Result Areas: Developed, analyzed & implemented budgets; conducted variance analysis and made recommendations for new or revised budget norms or procedures. Provided strategic consultation & guidance on financial and contractual matters; implemented cost control measures for improvement in bottom-line.

Shouldered responsibilities as Audit Team Lead for Group; reviewed daily cash reports and cash balance with accountants

Successfully prepared LC’s and obtained bank approvals

Headed valuation functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control

Jun’09-Sep’12: A One Products & Bottlers Ltd., Tanzania

Chief Accountant (Finance & Accounts / Admin)

Key Result Areas: Performed the key role of validating business plans & commercial strategies for maximizing profitability & revenue generation in line with corporate goals. Created budgets and conducted variance analysis to determine difference between projected & actual results and implementing corrective actions for the same.

Directly reported to CMD & CFO; managed Group HRD issues as well i.e. identified huge mis-operations salary/wages; introduced new payroll attendances system to eradicate or prevent company properties (company Money)

Efficiently & effectively reviewed:

oProtected cash flow and submitted the report to Group Financial Controller for approvals

oAll tally books in the system covering entire group accounts

oNSSF/PAYEE accounts with Concerned HR

Dexterously performed bank reconciliation on daily basis; submitted funds position to Concerned Group Financial Controllers as well as CEO

Feb’08-Jun’09: Buzwair Group, Doha, Qatar

Acting Group Chief Accountant (Asset Manager)

Key Result Areas: Established and implemented internal control disciplines throughout the division to maintain integrity and accuracy of financial reports. Held accountable for checking & authorizing daily receipts & payments including cash & cheques; processing Vendor Payment (Local & Foreign); procuring stocks at ports; liaising with clearing agents; etc.

Pivotal in documenting Foreign Vendor Agreements and creating Bank

Performed evaluation of Stock Reports with stock on hands

Deftly prepared:

oBank balance statements and sending through email to CEO’s on daily basis

oCredit proposal and submitted it to Concern Financial Institution for Credit Limit

oProjection Cash Flow on monthly basis and compared with actuals for FC review

oMonthly statements entailing Expenditure, Income, Receipts, Payments, Statutory, P&L Accounts, Balance Sheet, Cost Sheet and so on

Functioned as Liaison Officer with Retail Sellers(local) for enhancing business and achieving strategic objectives

Restored financial health of the company through the following initiatives:

oControlled all receivables, payable and assets (tangible and intangible)

oEstablished a working relationship with bankers, suppliers and workers; negotiated settlements and restructured financial liabilities with bankers, suppliers, statutory agencies

oImplemented asset register at Plant Level and as well as Group Level, for the first time (as per PWC standards)

oCreated year-end reports & audit work papers, footnotes and schedules as request by external auditors

Jan’99-Jan’08: PMR Associates, Hyderabad as Accounts Manager

Key Result Areas: Developed journal entries and reconciled general ledger & subsidiary accounts. Prepared monthly financial statements, including distributing monthly revenue and expenditure reports to departments. Analyzed & reconciled expenditure and revenue accounts, including trustee accounts and investment reports.

Skillfully made wire transfers & journal funding transfers; reconciled monthly bank statements

Essayed a crucial role in overseeing grant revenues and expenditures; ensured data is recorded in the City's financial accounting system

Deftly prepared & filed annual financial statements for the City, Redevelopment Agency and Public Financing Authority

Commenced career with Saptagiri Grameena Bank (By Indian Bank) as Management Executive (Teller) from Nov’86-Dec’98

SCHOLASTICS PORTFOLIO

2012 Bachelors in Commerce from Bharath University, Chennai with 72%

2005 Masters in Business Administration from Kalinga University, Raipur with 70%

1992 Bachelors in Arts from Dr. BROU, Hyderabad

Technical Qualifications:

SAP B1 Certified - FICO/Microsoft from SAP Global, Germany in 2008 with 70%

Tally- Oracle Financial-AgilPlus

REFERENCES AVAILABLE ON REQUEST

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