RAVICHANDRAN RAMADASS

) +91-783*******, +91-953******* : adha8i@r.postjobfree.com

ACCOMPLISHED ACCOUNTS & FINANCE MANAGEMENT PROFESSIONAL

Proactive decision maker, targeting challenging assignments at Senior Managerial level to Head of Finance & Accounts/CFO/ Finance Controller position with in any established organization, executing projects in challenging business environments demanding high standards of quality and precision

PROFILE

Result oriented professional with qualitative expertise of over 25+ years in strategic planning, corporate finance and accounting operations, finance & control, cost & management accounting, economic laws, FEMA, corporate laws and RBI Circulars, project management, risk management, contract compliances, taxation, legal, customer relationship management, etc.

Proven ability to build profitable relationships with bankers, financial advisors, NBFCs for loans towards working capital and Term loans & clients. Experienced in finance, project management, cash management, account reconciliation, creditor/debtor management, and investment analysis and relationship management. Exceptional overall business perspective, rich ability to exceed goals and proven history of providing valuable financial advice.

Deliver strong and sustainable revenue & income gains. Expertise in driving cost reduction through process redesign and performance management. Demonstrated track record of consistently combining financial leadership with sound business practices to ensure improved bottom-line. Deft in working capital financing, treasury management, transaction structuring and developing procedures and service standards for business excellence.

Key competencies in defining SOP’s and introducing well-defined accounting systems - US GAAP, IGAAP, IFRS and Ind - AS along with internal controls for systematic conduct of business. Strong track record in implementing initiatives to improve financial operations - ERP – Implemented ACCPAC – ERP, SAP – FICO and SAP –Project Systems.

Hands-on leader with open management style and effective at creating a team environment. Proven strengths in determining & documenting enterprise wide risk management procedures for an organization, and identifying Key Controls points. Possess very good work habits, man-management, time management and leadership skills.

Professional Value Offered

Forecasting, Reporting & Analysis ª Financial Management ª Accounting Operations ª Commercial Activities ª Contract reviews ª Legal & Tax Risk ª In line with new requirements on ICFR & Knowledge of transfer pricing, RPT related compliances, ICFR, ICDS ª Cash Flow Optimization ª Budgeting/Taxation ª Liaison/Negotiations ª Financial / Investment Analysis ª Account Finalization ª Funds Management ª Statutory Compliance ª Business Analysis/MIS ª Cost Reduction / Audit ª Team Management

CAREER GLIMPSE

CFO with a institution in education sector – Responsible for collections, systems and process, ERP implementation, credit rating, Risk evaluation, MIS, Re-Registration of trust under S 12AB, Cash flow management, formation of SPV for Innovation centre, application for FCRA, Cost reduction measures like reduction of Power costs, process improvements in university etc. ( Since March 2020) - Presently in NCR region at Gurgaon . ( SGT University, Budhera, Gurgaon)

Independent Consultant and Instructor /Faculty – US –CMA exams – Parts 1 & 2– Sept 19 – Feb 20

A faculty for the US CMA exams with Edupristine and also doing consulting work

Presently with a Manufacturing Entity based out Bangalore as – GM –Finance & Accounts of a Battery( Industrial Batteries) manufacturing unit. ( Microtex Energy Pvt Ltd) May 2019 – Sept 19

Responsibilities are as under :-

Monthly MIS preparation for three entities and monitoring of expenses and funds control

Debtors Collection monitoring, relationship with Govt customers- follow up for collections with divisions and various railways .

Legal contracts review and Analysis, litigation related to Govt/ Railways, BSNL and other private parties, co-ordination with legal counsel for issue of lawyer notices .

Statutory audit, Tax audit, and Cost audit related compliances .

Income tax returns, GST returns and appeals related to disallowances, rectification of mistakes under tax laws and follow up for refund .

Company law related work, drafting of resolutions, Directors report to members, Notice of Board meeting, AGM, minutes for Board meeting, AGM, EGM etc.

Insurance policies renewal and identifying uncovered risks and taking suitable risk protection measures for the entity.

Costing related statutory records and audit – compliances

Tata –AIA – as a Life Planner / Financial Advisor Jan 2019 – April 2019

Advising and meeting customers, and institutions to inculcate and sensitise people towards risk and design products suitably for them and recommend a solution for both institutional and individuals.

A leading IT MNC, Bangalore ( Atos Global Solutions India Pvt Ltd ) July -18 – To Date

Country Contracts Manager, Bangalore (upto 31/12/18)

Contracts review, RFP review, Process approvals to obtain internal acceptance of stakeholders, discussions with vendors and customers.

Risk reviews, Commercial terms and conditions discussions with bid team, review of the same prior to submission to customers. Obtaining Risk Board Approvals from management.

Invoice monitoring, collections review in line with contract terms and conditions .

Reviewing contracts from legal and tax angle –both direct taxes and indirect taxes – and validation of submissions.

Discussions on customers with attainment of project related milestones, change order review, claims management and discussions on legal and contract terms with vendors as well as customers

Compliance documentation and sign off from vendors in line with customer RFP and related aspects .

Co-ordination between Finance and Bid team with operations team and monitoring project deliverables, attainment of milestones, billing and collection status.

Provide necessary commercial, legal and tax related support for the bidding team

Project profitability monitoring and related aspects.

Controlling invoicing on customers, BG issued, compliance with contract terms,insurance reviews in line with contracts signed.

Review and providing risk mitigation solutions in legal and contracts, specific to customer, and closely engage with operations, on daily monitoring of operations, and ensure customer deliverables at pan India locations are monitored closely .

Checking and evaluating whether for different phases of contracts – awarded – whether as per contract terms taxes can be claimed or need to be litigated with the customer, and the impact of such taxes, not recoverable to be flagged to management.

Pristine Logistics & Infraprojects Pvt Ltd -DELHI Feb-16 – May 2018

SVP – Finance & Accounts, Delhi; Reporting to Directors

Spearheading efforts for putting system in the entity related to finance & support operations, right from designing & implementing systems, policies & procedures to facilitate internal financial control towards the accomplishment of organizational goals.

Providing a comprehensive MIS including that of line –wise, revenue stream wise and location-wise profitability.

Accountable for preparing financial reports to determine the financial viability, projecting cash flow and growth opportunities while preparing projected financial statements.

Cash flow budgeting, compliance with ICFR related activities.

Coordinating for statutory and internal audit related responsibilities and delivery of Accurate and timely MIS with high degree of granularity.

Ensuring proper corporate governance related compliances are adhered to for entities and maintaining related party transactions in fully compliant mode.

Tax compliances both under direct and indirect taxes in timely manner and reducing liability for group as a whole and specific to entities too.

Ensuring and highlight benefits possible to claim under direct taxes – S 80IA in particular for infraprojects.

Tax planning for growth under organic route.

Filing appeal under Service tax at Commissioner (Appeals) and obtained favourable order

Operational requirements arising out of Trans -1 credit related requirements to clarify to various states GST authorities.

Filing appeals under Income tax before ITAT and working with counsel for presenting strong case. Obtaining necessary exemption certificate from the vendors( shipping lines ) so that the lower rate of tax deduction applies.

Assist Commercial team in taking complex decisions involving taxation, customer related specific requirements on invoicing, collections and payments follow-up

Responding to SCN issued by Service tax department and coordinating out with external consultants for submitting a properly considered and deliberated response to department and attend personal hearing.

Reducing the impact of loss arising out of levy of VAT –on materials used,by engaging with customers along with sales team to ensure that costs are reimbursed - and reduced losses in this context.

Make frequent visits to remote locations (3 in number) – and oversee the control and operational aspects affecting control and providing a check and ensuring timely delivery of results by the locations and raise red flags if any in controls to the directors.

Integrating and preparing SOP for operational activities and commercial functions (in discussions with C & O team) –and balancing them with accounting requirements.

Advise management on possible new ventures, opportunities for growth and Identifying opportunities for Inorganic growth and intimating top management of the same for their decision.

Identifying fiscal and policy benefits available for new infrastructure projects and doing proper tax planning at company level and at group level.

Completing and coordinating work related to legal due diligence as required by investors. Part of team raising funds for Rs523crs from a PE entity .

Preparing projections for PE funds, and interactions with external financial advisors, consultants in this regard. Presently working on possible measures to raise funds from overseas – with concentration on ECB.

Application for EPCG licenses and redemption of Export obligations for Capex.

Credit rating for debt facilities with CARE, PE related due diligence and conducting AUP by Big Four for submission to PE.

Implementation of new IT system ( Tally) in the company with multistate GSTIN registrations and aligning the same.

Selected Attainments

Arranging working capital for Rs20crs ( including 5crs BG )

Designing and implementing a Credit policy across the organization in a major group entity

Putting KYC compliance and getting document ready for a selected group entity

Organizing and getting ready for GST implementation across organization without any external consultant services being taken forth.

Registration of GSTIN in various states ( 5/6 in number ) across four different and separate entities involved in infrastructure development for terminals.

Coordinating with external tax consultants and obtaining their advise when required.

Obtaining favourable order from Commissioner –Appeals –GST value Rs 55L impact mitigated.

Coordinated and Structured a cross holding with another JV company -with SICAL – wherein our holding is 26% - and valuation was done by Big 4 – so that there is no cash payout between the two entities for issue of shares to each other and is tax neutral .

APOLLO LOGI SOLUTIONS LTD AT GURGAON Feb’13 – Jan ‘16

AVP – Finance & Accounts, Haryana; Reporting to CFO

Spearheading efforts and handling the entire gamut of activities related to the finance functions, right from designing & implementing systems, policies & procedures to facilitate internal financial control towards the accomplishment of organizational goals.

Accountable for preparing financial reports to determine the financial viability, projecting cash flow and growth opportunities while preparing projected financial statements.

Instrumental in preparing the draft board report and director’s report for management approval.

Coordinating with Internal and Statutory Auditors for conducting periodic audits; evaluate Internal Control Systems to identify the flaws and implement necessary processes to overcome the defects in the existing system.

Obtaining clear and qualification free audit report from statutory auditors ( big 4) in timely manner.

Accountable for Tax audit (obtaining clean report) and IT return filing coordination with internal partners and external consultants to be done, in timely manner.

Providing response to show cause notices under IT act in consultation with the external consultants.

Review monthly financials and MIS of 3 major corporates and give inputs for improvement and flag out possible weakness.

Working on the Internal audit compliances and responses with post follow-up internal audit review with respective responsible officials for ensuring complete compliances.

Conceptualizing and implementing accounting policies/ principles and tracking systems for various functional areas while ensuring compliance with accounting standards & procedures. Preparation of audit schedules/ensuring completion of the same within the stipulated time frame.

Obtaining expert opinion from lawyers and external chartered Accountants for statutory audit requirements as related to RPT transactions, transfer pricing requirements and compliances as arise under corporate laws.

Getting Transfer pricing study done for entities under audit .

Drafting operational strategies for the improvement of the present system by carrying out long term and short term planning in line with the organization requirements.

Participated in the selection new ERP for the group across corporates within group by providing inputs to IT team on the basis pf discussion on functional requirements desired for system etc.

Has been a support and a part of new compliance initiative set up at group level and ensuring completion of the process requirements.

Negotiate/ liaise with the banks & financial institutions for raising fund and non-fund based facilities at favorable terms to meet working capital requirements. Preparing and reviewing projections for banks and ensuring related release happens as per sanction terms.

Ensuring compliance with Companies Act requirements and taking pre –approval of board / Audit committee before making related party transactions in line with Companies Act 2013 requirements, as also ensuring proper documentation therefor.

Monitoring the requirement and optimum utilization of funds as per approved guidelines and procedures.

Focused on costs scrutiny and worked on action plan for the reasons between Budgeted and Actual differences for accomplishing various tasks.

Advising and supervising finance functions including determining financial objectives, designing and implementing Systems, Policies & Procedures to facilitate internal financial control.

Selected Attainments

Setting up of Systems for new projects acquired and to integrate with existing set up

Credit rating for three group entities obtaining at least BBB category- with CARE

Participating as team member and contribute in reviews to better the efficiency and performance of company, by providing inputs and support to operations and sales.

Accountable for Service tax related implications review for new contracts and take steps to structure the transaction / agreement in effective manner in consultation with external and internal partners. Service tax audits – negotiate, conduct implementation based on recommendation of auditor –take tax risk reduction measures.

Responsible for completion of accounting, statutory audits for seven group companies, structured as SPVs holding land banks.

Accountable for CFS related work, involving funds, finance, costing and monthly MIS review, funds planning and analysis of operations- review for three companies in group. Also arranging for credit insurance for debtors.

Accountable for the Logistics (Logisys) MIS report design and implementation in timely manner.

Post merger integration and MIS design in respect of a unit acquired by us in the Logistics space. Contributed with Statutory Auditors and internal auditors – to complete the conditions precedent and conditions subsequent to merger/acquisition.

Bringing the new unit in line with HO processes and controls and also coordinated with External auditors –Appointed Auditors for AUPs and Statutory audits for the acquired unit and compliance controls to be applied.

Got an AUP conducted for the target entity – with scope for service tax and income tax assessments – for a period upto 5 yrs prior to the agreed date of takeover, and arrived at possible liabilities and report by Big 4 was submitted to management prior to final release of payments .

Applied for Reduction of tax rates for TDS due to losses in an entity – under S 197A – to the ITO and could reduce the outflow and working capital burden.

Avoided the aspect related to issue of shares at below par/ above par in terms of S 56(2), by resort to issue of shares at par.

ASHOK IRON WORKS PVT LTD, BELGAUM, KARNATAKA, INDIA Oct’10 – Jan’13

Senior General Manager – Finance & Accounts; Reporting to Executive Director

Accountable for the Cost Records Compliance and Cost Audit for across the entity.

Involved in tax planning and reduced Income taxes payable by 5crs by investment planning purchase of windmill for 17cr.

Instrumental in arranging term loan and working capital from banks and finalization of accounts obtaining qualification free statutory audit report and internal audit findings and compliances.

Involved in drafting appeals before CEGAT in consultation with external legal counsel for appeal before CEGAT - under excise laws, responding to SCN issued by department in Service tax cases and filing suitable responses, Also advised management on major tax structuring in transactions involving VAT .

Carried out Product costing for across three plants - some plant with over 30 products and ensuring timely completion of cost audit requirements for the purpose to regulatory submissions.

Involved in the Rejection analysis and operational MIS on foundry and machine shop workings, Capex & revex evaluation, analysis, recommendation and monitoring.

Worked on currency hedging and trading based on underlying of export receivables and import payables

Took suitable structures for currencies in JPY, Euro, GBP, USD, particularly covered the portion for payable arising out of buyer's credit taken for purchase of machinery and plant

Responsible for the ERP implementation and new project reviews.

Accountable for the Capital budgeting for new projects – involved in making recommendations to management for accept / reject decision for investment in capex – considering the outlay, payoff and risks involved.

Negotiated terms and conditions with major customers for contracts and reviewed the same.

Selected Attainments

Instrumental for System implementation for Work flow reduction and setting up of a paperless office for capex and revex, approval process control and monitoring.

Conducted Valuation of Business entity, minority stakes, evaluating project opportunities with foreign partners for JV evaluation, both in India and overseas.

Transaction structuring for purchase of complete plant & equipment from abroad and installing same into India and recommissioning and production. This involves complexity relating to material, services for technical know how,intangible assets rights and allocation of consideration amongst the same. For this purpose three separate agreements i) for equipment/material purchases ii) technology transfer iii) Patents transfer was designed and made.

Implemented cost reduction programs in connection with turnaround of a business unit, in coordination with the plant technical team.

INDEPENDENT CONSULTANT Feb’10 – Oct’10

SIEMENS IT SOLUTIONS & SYSTEMS LTD, BANGALORE, KARNATAKA, INDIA May’06 – Feb’10

Chief Manager – Commercial, Reporting to DGM – Commercial

Experience in the Area of Infrastructure IT related for Airports domain, having handled 3 Major Airports, from bidding to closure.

Participated in cross country projects, outside of India, as a team member for price optimization, by discussions with vendors and freezing out the T & Cs, and in discussions with prime customers thereat.

Complete responsibility for Vendor Negotiations, Procurements, for all Airport System Projects.

Commercial responsibilities relating to Terms & conditions, Bidding, Costing, Commercial Proposal vetting, indirect taxation, contract terms finalization and validating figures.

Commercial proposal evaluation for bids etc and other issues, resolving tax related issues, structuring transactions etc. Also legal risk analysis & tax risk analysis to do.

Accountable for the Project Risk Assessment, progress monitoring & reporting and evaluation of terms-commercial, financial and contractual terms.

Handled the cross border projects - particularly structuring and taxation in consultation with internal partners to find an acceptable business solution and in line with RFP requirements.

Responsible for compliances related to procurement in all major airport projects and ensure the same in line with Siemens global practices.

Selected Attainments

Maintain and Cultivate Excellent Client relationship with Major customer contact points. Converted cost of 2mill into a new order of 2.5mill.

Ability to obtain buy-in from internal team/external parties in respect of legal, tax, contractual T & Cs within deadlines of tender, in line with tender requirements.

Acknowledged for convincing the customer on payment of service tax separately on additional order, which though was a part of main order - which was inclusive of ST.

Ability to estimate Risks reasonably in large projects and factor same in business plans, also conversion of Risks into opportunities, increase revenue.

Took care of Cross broader Taxation and related aspects in off shore and on site contracts/ projects. This was done by splitting of contracts between on site and off shore in line with external consultants opinion and was factored in implementing and issuing Pos to vendors and structured suitably.

Obtained higher levels of discount from vendor partners – to the range of 5% to 7% in large contract procurements by appropriate structures.

NATIONAL TELEPHONE SERVICES CO LLC MUSCAT, OMAN Sept’00 – Jan’06

Manager Finance (Head of Finance at NTS); Reporting to CEO-SVP –Finance (Functional Reporting)

Implemented PS in Project division, ACCPAC ERP system, across all four divisions of the company.

Arranged WC and BG-LC as well as short term funds at best possible interest rates.

Maintained excellent relationship with client and got timely payments for major over dues.

Effectively toned up the debt collection mechanism, through new credit policy/ERP.

Set up project costing process for identifying project wise cost allocations against revenue and monitoring EBIT levels threat.

Implemented project Systems software to obtain data and directly get project twice allocated costs and revenues and integrate into existing ERP.

CARRIER REFRIGERATION PVT LTD, BANGALORE, INDIA Apr’99 – Jul’00

Financial Controller; Reporting to MD/CFO (Functional Reporting)

Accountable for Finance & Accounts, Monthly Reporting for finance and accounts, in line with US GAAP, and Statutory compliances under Indian laws, like Exchange control formalities, TDS on contractors etc.

Responsible for Working capital management, Funds flow control and monitoring for budgeted expenses against plan targets, Forward cover booking and cost monitoring as well as control.

Worked on Payments Control, Accounts receivables and stocks.

Statutory audit related responsibilities and internal audit related compliance responsibilities and commercial areas like excise and customs with special reference to returns procedures under excise, sales tax, and other laws.

BPL REFRIGERATION LTD, WHITEFIELD, BANGALORE, INDIA May’98 – Mar’99

AGM (Finance & Accounts) & Company Secretary; Reporting to COO/ SVP –Finance (Functional Reporting)

Restructured NPA loan of Rs50crs with assistance of FIS and tide over a difficult liquidity situation.

Had intimated in Advance about the financial health of the corporate to Top management and its inability to service its debt/ pay dividends in future. The company subsequently entered BIFR.

FERRO ALLOYS CORPORATION LTD, TUMSAR, MAHARASHTRA, INDIA May'91 - Feb'98

Manager - Finance

Responsible for 2 divisions – Charge Chrome division and Mining division) - Reporting to Senior General Manager – Finance & Accounts

Issue of Notice by Ministry of Commerce, ratified by Ministry of finance, levying antidumping duty in respect of Ferro-chrome from Russia and Kazakhstan, valid for five year years-Financial projections and request to FIs for deferment of payment of principal and funding of interest payments to protect cash flows.

Prepared a Confidential Report predicting the inability of the company in future to service its debt and due to falling prices chances of company having liquidity issues, solely based on financials.

Compounded penalties by surrender of advance licenses due to inability to fulfill Export Obligations.

J K SYNTHETICS LTD, KANPUR, UP, INDIA Feb'89 - Mar'91

Senior Accounts Officer (Corporate), Reporting to GM – Finance & Accounts

Achieved Recovery of Rs38.6lacs being excess interest charged by Consortium banks, in a limit of Rs 160crs charges being not in line with consortium mandate letter, by close follow up with Banks

Conducted SWOT analysis of the various divisions of corporate using Inter firm Comparison enabling management to take necessary remedial action.

KINETIC ENGINEERING LTD, PUNE, MAHARASHTRA, INDIA Feb’86 - Jan'89

Accounts Officer (Corporate) - Reporting to Finance Manager / Executive Director

Maintained good relations with Vendors and ensured proper cash flow control on operations, Recovery of old debts which had no chances of recovery.

Design of Separate MIS for vendors based on the supplies, and an advance monitoring mechanism for estimating fortnightly payments.

Recovery of old debit balances standing in books of accounts to the tune of Rs10L

LOVELOCK & LEWES, CHARTERED ACCOUNTANTS, CALCUTTA, WEST BENGAL, Apr’85 – Jan’86

Junior Qualified Assistant; Reporting to Group Manager/ Partner

Responsible for Audit of ITC ltd, Macneil & Magor Ltd, and SAIL – operations Stores division etc.

ACADEMIA

Masters in Business Laws, NLSU, Bangalore ( 2014)

Diploma in International Financial Reporting, 2010, ACCA, UK

CISA, 2001

LLM (2014)

PGDM, 1998, Advanced Diploma in Management (Operations)(2007)

FCMA, 1991,

ACS, 1989, PQC in Corporate Governance (2018)

FCA, 1984, Diploma in Insurance & Risk Management (2006)

Bachelors in Commerce, 1983, University of Calcutta, M.Com (1995)

References: Available on Request

Linked in : https://in.linkedin.com/in/ravichandran-ramadass-2a303a13

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