Manager Accounting
Resume:
Murugan A AP ***, *th Street, I BLock,
VallalarKudiyiruppu,
Anna Nagar West,
Chennai - 600 040.
Email: -************@*****.*** Mob: 988-***-****.
OBJECTIVE
Aiming towards Senior Level Assignments in Finance & Accounts Management with a reputed and growth-oriented organization.
EXPERIENCE SUMMARY
Oversee and optimize financial operations with a focus on Managing AR, Invoicing, AP, Payroll, and overall Accounting Processes. Manage project accounting, financial reporting, periodical MIS, collaborate with external auditors, and ensure compliance with corporate policies and controls. Involves strategic engagement with senior management to drive business unit budgeting and financial insights, while maintaining a strong focus on operational efficiency, regulatory compliance, and timely reporting.
Well versed in ERP Accounting software Oracle Finance, Tally ERP, Quick Books, Zoho books.
EDUCATIONAL QUALIFICATION
M.Com St.Xavier'sCollge, (Autonomous), Palayamkottai (2001 -2003)
PGDCAB St.Xavier'sCollge, (Autonomous), Palayamkottai (2001 -2003)
B.Com St.Xavier'sCollge, (Autonomous), Palayamkottai (1998 -2001)
EXPERIENCE
Information Dynamics India P Ltd. Asst.Manager-Finance & Accounts Feb 2021 – Apr-2024
Innospire Systems India P Ltd. Manager (Finance & Accounts) May ‘2016 – Feb 2021
S4Carlisle Publishing Services Manager - Accounts Oct ‘2014 – Apr ‘2016
SARE HOMES LTD Senior Executive– Accounts Dec ‘2009 – Oct ‘2014
A.K.V & Co. (CA Firm) Accounts & Audit Executive May ‘2007 – Nov ‘2009
ROLES & RESPONSIBILITIES
Accounting & Audit
Strong Working knowledge of all accounting standards India GAAP, USGAAP & US Taxation and US Payroll and IFRS, Statutory Audit and SOX Audit with well versed in ERP Accounting software.
Responsible for ensuring Accounts Receivables/Invoicing and Accounts Payable meet Corporate Key Performance Indicators (e.g., Cash by Month, AR/AP aging, Rate forecasting - Overhead(OH), General & Administration (G&A), Employee Productivity, Revenue by product, by vertical, by country, etc.).
Oversee the Accounting team resources to support for all aspects of accounting (processing Payments, travel requests, Invoice Preparation, BRS, reconciling credit cards, validating approvals, project Accounting etc.) and payroll operations. Forex requirements and Corporate Cards
Manage resources to support Account Payables activities including vendor bills accounting, approving payment process, Expenses AP & upload, Advances to suppliers, Imports compliances, Corporate Cards and Travel, employee reimbursements.
Prepare monthly Book Closing journal entries such as Cash, Payroll, Provisions, Depreciation Entry, accruals, Prepaid, Expense Allocations & Revenue, and Various Accruals and have exposure to independently deciding on account codes to be used. Complete all relevant month-end financial close procedures.
Responsible for Project accounting time collection, revenue recognition, invoicing, and financial performance and agreements.
Required to work closely with business heads in ensuring smooth revenue recognition with clear visibility and accountability.
Prepares project level Sales Plan, actual versus budget/forecast variance analysis monthly as well as monthly reports for distribution in analyzing monthly results.
Coordinates monthly forecasting of financial results (backlog);Meets established deadlines for Revenue and Backlog submittals;
Attends monthly project review (MPRs) meetings to ensure understanding/concurrence of project status, potential issues and the accuracy of the forecast.
Monitors the overall health of assigned projects including but not limited to revenues, gross profit, receivables, and unbilled amounts as well as project close outs and reconciliations.
Support practice leads / project managers in monitoring practice / project expenses, tracking revenue billing timelines, preparing practice / project-based P&L.
Monitoring customer account details for non-payments, delayed payments and other irregularities.
Calculation of credit/debit adjustments and bad debts and Review and analyze aged accounts and recommend for Bad Debt and write-off as appropriate.
Fixed Assets accounting, tracking and accounting. Conduct verification of Assets as per the management program for verification.
Capitalization of assets in software cost center wise with all required details.
Manage the accounting of capital assets and ensure that assets are properly recorded and amortized.
Records revenue each month for Unit, Fee for Service and Fixed Price contracts.
Responsible for charge numbers - ensure accurate charging and reporting of hours while collaborating with the Contract Management function.
Responsible for policies associated with Charging, Delegations to Subsidiaries, etc.
Adhere to deadlines for providing data on monthly actuals and invoicing, tax forecasting, and timely payments.
Taxation & Statutory compliances
Handle all statutory compliances like Advance Tax, PF, GST, TDS remittances and returns & issue of Form 16, 16A.
Exposure to STPI compliances like APR, MPR & STPI process.
Cross Border With-holding tax compliances (including DTAA).
Knowledge of Board Process & work culture FEMA compliances.
Experience with producing statutory financial statements in accordance with IFRS US GAAP and Indian regulation.
Hands on experience in liasoning with financial institutions / Banks / Income Tax dept. / GST dept. / Difference authorities and Govt. departments.
Handling the appellate matters including drafting of replies to Show Cause Notices, drafting of appeals, attending personal hearing, representing before the judicial authorities.
Keeping a track of all appeals and litigations ensuring closure of the same in favor of the company. Extensive Research on various critical litigative issues.
Preparation, filing and processing of refund & necessary claims Ensuring GST refunds are received from Government Authorities without any delay.
Ensuring smooth completion of Filing of GSTR 1, 3B, GST Audits (GSTR 9 & GSTR 9C),Handle of zero-rated supply & reverse charge taxation & GST audit queries coming from the Government, returns for each state and related entries and Internal Audits.
Refunds, Litigation Matters, Audits, Assessments and Appeals.
Analysis and preparation of 15CA,15 CB for foreign vendor payments.
Attending to the scrutiny notices issued by ITO or any other Regulatory bodies.
Responsible for preparation and filing of ITR6, 3CA and 3CD as per Income Tax Act 1961.
Fulfilling all listing agreements requirements as per SEBI rules.
Secretarial Compliance (ROC ) - Ensuring all meetings, Minutes, Resolutions, Filing of various returns, forms etc. on or before the due dates.
Coordinate with Company Secretary for MCA related works.
Working knowledge in Income Tax, intercompany accounting processes including GST and Transfer Pricing regulations.
Responsible for Financial Planning Analysis, Budgetary Control, Auditing & Taxation.
Timely filing of Tax returns/Tax Audits and hands on experience to all the compliance.
Banking Operations
Coordinate with bankers for Account Opening, Account Closure, LC Facilities banking transactions and assist in optimizing cost for issuance of Bank Guarantee, Letter of Credit, High Sea Sale transactions and buying forex for imports and hedging forex risk as per company policy.
Prepare and Coordinate with commercial team and Banks relevant documents for smooth payment of imports, FEMA Regulations, Relevant Documents Submission for forward Contracts.
FD booking / liquidation, money plus cards reloading & Credit card operations.
Ensuring sufficient funds are available for day-to-day operations, investing surplus finds in FDs
Tracking exchange rate movements and liaisoning with bankers for beneficial foreign exchange rates.
Management Reporting
Formulating Periodical MIS, Budgets & conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.
Budget preparation - Develop annual budgets for the company and monitor the progress of budgets to ensure that all costs are controlled.
Implement the budgeting & forecasting system for the group companies - CAPEX & OPEX
Support top management in Strategic Business Planning & Pricing Strategies.
Implement business plans and strategies for maximizing profitability & revenue generation & realize organizational goals.
Manage financial operations - Oversee all financial operations of the company, including accounting, reporting, budgeting, and taxation. Monitor financial performance against budgets and forecasts.
Financial reporting - Produce financial reports and statements to inform senior management of the financial performance of the organization. Analyze results, identify trends and provide insights.
Financial analysis - Perform detailed financial analysis to identify risks and opportunities, trends and causes of unexpected variance.
Develop financial models to support decision-making, provide decision support to senior management.
Stakeholder management - Work closely with finance and accounting staff, business partners, stakeholders, and senior management to achieve strategic goals.
Data Preparation Quarterly Board meeting presentations to the boards finance and audit committees and will work closely with the senior leadership team.
Prepares key reports such as annual cost and expense budgets, cost rates, cost and expense forecasting, monthly utilization, headcount, revenue backlog analysis, and/or gross profit for assigned area.
Intercompany Accounting and Fund management between India and Overseas Companies.
Extraction of cash flow statement on daily basis to update the Director.
Budget approvals at company level and helping/ advising departments on budget and cost controls.
Fund management forecast cash flow position, related borrowing needs, and available funds for investments. Ensure funds are available to meet ongoing operational and capital investments.
Prepare Cash Flow forecasts in accordance with company policy and liquidity planning and reporting, Budgeting and Financial Projections.
Adhere to deadlines for providing data on monthly actuals and invoicing, tax forecasting, and timely payments.
payroll
Compile and validate all payroll information by coordinating with HR & other teams and processing payment.
Ensure accurate processing of payroll inputs by third party accounting teams
Calculation of Payroll and process Salary payment with Necessary Statutory Deductions such as TDS, PT, PF ESI and LWF Payment.
Handle employee queries and grievances with the mindset of providing solutions.
Manage Manpower Resource Requirement discussion with various team such as regional, Sales, operation, HR team and analyses the cost with Budgeting and forecasting, including active involvement.
Responsible for monthly pay-outs, F&F payments & related entries
Oversee Accounting processes, polices, and the administration of corporate accounting policies.
Tracking project travel and ensure the expenditures are within project budgets.
Reviewing and approving travel bills submitted by employees & ensuring compliance with Travel Policy.
Taking care of the Bonus, Leave Salary Gratuity calculation of the employees and pass Provision entry for periodical Reports.
ACHIEVEMENTS
Successfully formed a new company with ROC and registered with Income tax and GST and department and other Statutory Compliances.
Successfully Lead Finance team independently Last 3 Companies, from company formation level to project report, procurement of finance & coordination for implementing the project successfully commencement thereafter, with the help of staff.
Assessment of GST / TDS/STPI / Payroll/ESIC/EPF/Income Tax returns by coordinating with the concerned officers for the last 5 years with minimum visits.
Accounting entries, finalization, and taxation related works for consecutive years, as there was handled minimum mistake of those fields pointed out during Internal & Statutory auditing of accounts by Auditors.
PERSONAL DETAILS
Date of Birth : 23rd August 1981
Gender : Male
Marital Status : Married
Father Name & Occupation : P. Ananthan& Farmer
Permanent Address : 4/52, Anna Street, Sivanthipatti,
Tirunelveli, Tamilnadu,
Languages known : English (Speak, Read, Write)
Tamil (Speak, Read, Write)
AFFIRMATION
I hereby declare that the above-furnished details are true and correct to the best of my knowledge and belief.
Dated:
Place: (Murugan. A)
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