Accounting Manager Accountant

JITHENDRA VADDI

Certified Management Accountant (USA),

Email: **************.***@*****.***

Flat#306, Villa 1297,

Al Jurf,

Ajman, UAE

Mobile: +971*********

PROFESSIONAL SUMMARY

CMA certified with 9+ years of experience in Accounting, Finance, Taxation, Internal Audit, Forecasting and Internal Controls. Capable of handling accounting transactions, reviewing financial documents, and solving discrepancies. Effective communicator, and ability to gel well with the team to completing tasks within deadlines for maximum client satisfaction.

Summary of Skills:

Strong knowledge of generally accepted accounting principles (GAAP) and standard policies

Capable of preparing accurate reports on account payable, account receivable, financial statements, and balance sheet reconciliation

Experienced in preparing SKU-wise costing & profitability analysis

Comprehensive knowledge of auditing procedures, accounting transaction practices, maintaining balance sheets

Adept at interpreting, analyzing financial reports, and drafting financial statements

Strong analytical and problem-solving skills

Excellent in written and verbal communication

Exceptional leadership qualities and ability to handle pressure situations WORK EXPERIENCE

AL BARAKA PLASTIC INDUSTRIES LLC, Abu Dhabi

As Accounting Manager (August 2018 to February 2021)

Managed all aspects of the accounting function including general ledger, fixed assets, accounts payable, accounts receivable, petty cash, bank reconciliation and intercompany balances, payroll, etc.

Maintain system of accounts and keep books and records on all transactions and assets.

Prepared timely & accurate month-on-month and year-end financials, A/R, A/P & inventory ageing, admin cost report, FSCP etc for group reporting and presented monthly, quarterly and annual financial results to management and evaluated variances with budget for the relevant period

Managing daily & monthly cash flows and ensuring that cash flows are adequate to enable business unit to operate effectively, preparation of collection reports, funds requirement, revenue forecasts etc

Managing receivables & payables, preparation & communication of monthly statements to customers (SOA) and collection follow up, periodic reconciliation, supplier/customer registration and performance evaluation etc

Preparing management reports such as SKU-wise cost & profitability reports, production reports, sales reports, COGS report, variance analysis etc

Coordinate with the Head Office in preparation of financial information for the corporate annual report.

Preparation of monthly revenue schedules & purchase listing etc for group reporting purposes

Monthly inter-company balance confirmation & reconciliation with group companies to eliminate inter-company balances

Perform month-end closing procedures, including overhead allocations, account reconciliations, and updating relevant schedules etc

Developed, implemented, and maintained processes and controls that are current best practices related to transaction processing to achieve adequate level of control over Finance Department activities

Maintaining inventory in books & periodic stock checks to ensure accuracy

Implemented changes & maintained accounting package to accommodate new batch coding system for inventory for easy traceability of inventory

Coordinated with HR for processing payroll, employee advances & end-of-service benefits for all staff

Maintaining product master with cost, price, margin & other relevant details

Liaising with other departments on a range of issues

Quarterly VAT workings & filing, coordinating with auditors for any FTA related issues and periodic reconciliation

Ad hoc MIS reports as per the requirement of Management

Supporting IT team in implementing new ERP system for better manufacturing & inventory control

M/s. VENKATESWARA RAO & Co, Chartered Accountants, Hyderabad As Asst. MANAGER- Internal Audit (Dec’13 to Till July 2018)

Review of financial statements of group companies in board meetings viz Trial Balance, P&L Statements, Cash flow statements, Receipts and Payments, Production statements, Inventory statements, Subsidiary ledgers and other supporting documents etc

Developing monthly quantitative revenue & expenditure forecasts used to create reliable budgets.

Preparation of VAT returns and Service Tax returns according to relevant schedules

Experience in clearing the VAT and Service Tax disputes with the Department

Undertaken the Risk based Internal Audits, process walkthroughs, controls testing

(Design & Implementation and Operational Effectiveness), compliance with contractual clauses and risk & controls identification of major entities in diversified industries/sectors which include leading Pharma, IT companies etc.

Participated in the development and improvement opportunities of ERP reports to enable extract of informative reports from ERP for effective review of operational performance of group companies in BOD meetings.

Coordinated with various levels of the organization to conduct the audit and compose information for the reports

Conducted Operational Controls review around Revenue concept involving revenue accounting, segment wise analysis etc

Involved in developing Standard Operating Procedure (SOP) manuals and Risk Control Templates (RCT) for a leading manufacturer in pharma industry.

Involved in preparation of Risk control matrix (RCM) for execution of audit, audit reports, audit committee presentation, discussion of short comings, recommendations, improvement opportunities, if any, with the clients and obtaining action plan.

Monitoring and review of the compliance mechanism for the open issues triggered in the audit and validating the compliance status with the documentation evidences to ensure the implementation of the recommended standard business process improvements.

Conducting training sessions for process awareness to the operation team selecting the sample for reporting ORU as per SLA and meet the requirement of Internal control selection criteria agreed with.

M/s G. SAMPATH & ASSOCIATES, Chartered Accountants, Chennai As AUDIT EXECUTIVE (June’12 to Nov’13)

As ARTICLED ASSISTANT (Aug’07 to Aug’10)

Statutory and Tax audits of various clients

Filing of TDS & Income Tax returns

Statutory and Concurrent audits of Nationalized banks, LFAR Audit of commercial banks and year-end audit of ECGC

Stock audits of major Pharmaceutical companies, which includes inventory management and accounts payables/receivables reconciliation, customer debit

/credit notes etc.

Preparation of Executive Summary for the key observations during the audit

Fixed assets verification & reconciliation

Participated in preparation of Standard Operating Procedures (SOP) of a Pharma company for its CFA operations.

T & E audit and policy review

Leading a team of 3 in conducting various Pharma & FMCG monthly audits

Working directly with the senior auditor in reviewing of scope of audits for various assignments

M/s RAMESH & Co, Chartered Accountants, Hyderabad

As AUDIT ASSISTANT (Jan’11 to Dec’11)

Statutory and concurrent audits of various clients

Site visits as a part of the internal audit of a reputed construction company

Preparation of audit report and discussion of major observations with the audit committee

The assignments include review of business operation, financial and accounting information and then reporting the findings of various IT, manufacturing, construction companies, educational institutions and a major tea exporter

The internal audit of a construction company involved site visit, review of inventories maintained in stores, reconciliation of site accounts with HO accounts and participating in Audit Committee Meeting

Preparation and filing to individual and company returns

TDS forms 16 & 16A filing

EDUCATION

Bachelor’s Degree in Accounting

Aacharya Nagarjuna University, 2007

Certifications:

Certified Management Accountant,

Institute of Management Accountants, USA, 2017

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