Murugan Durairaj

Achievements
 Automated accounts payable processes, removing manual tasks (like paper processing, manual invoice keying, and matching) and providing better visibility and control over financial data.
 Key member in Oracle Cloud ERP (Fusion Financials) implementation, have assisted in data migration, creation of process flows, work instruction, test scripts and end user training.

Responsibilities
 Reported to Senior DOF, heading a team of 12 members managing the Accounts Payable for the Group
 Ensure that all the necessary documents are completed and approved before payments are executed
 Prepare payment forecast, plan payment runs ensuring the timing to maximize credit terms.
 Review of ledger postings, Accruals and Account Analysis, Intercompany & Vendor reconciliations
 Review VAT reports to ensure that returns are filed and paid on time.
 Collaborate with procurement team in tendering, review contracts and order processing.
 Building and maintaining relationship with business partners, vendors & employees.
 Identifies ways to improve productivity and data quality and assist in preparing business and process flow documents.
 Managed month-end, quarter-end and year-end closing.
 Assist in internal and external audits.

Achievements
 Developed reports which summarized multiple information including expenses, vendors spend, forecast, etc.
 Created and maintained departmental policies, job descriptions and performance evaluation for the team
Responsibilities
 Reported to GFC, heading a team of 9 members managing the Accounts Payable for the Group
 Ensure that all the necessary documents are completed and approved before payments are executed
 Prepare payment forecast, plan payment runs ensuring the timing to maximize credit terms.
 Review of ledger postings, Accruals and Account Analysis, Intercompany & Vendor reconciliations
 Provide reports on VAT to ensure that returns are filed and paid on time.
 Collaborate with procurement team in tendering, review contracts and order processing.
 Building and maintaining relationship with principles, vendors & employees
 Identifies ways to improve productivity and data quality and assist in preparing business and process flow documents
 Managed month-end, quarter-end and year-end closing.
 Assist in internal and external audits as required.

Achievements
 Prepared the accounts & finalized the audit for the Communities for the years 2007 to 2011.
 Provide assist for the successful implementation of the new software, Horizon.
Responsibilities
 Reported to CFO, heading a team of 3 members, prepare & finalize Owners Association & Community Financials.
 Preparation of yearly Service Charge Budgets and responsible for having them approved by RERA.
 Ensure all stakeholders are invoiced as per approved budget, managed Account Receivables & Payables.
 Daily monitoring of cash flow, Inter-company & related parties account Reconciliation.
 Ensuring timely and accurate financial and management reporting on all projects handled.

 Reporting to the Senior Finance Manager, heading a team of 5 members, ensure totality of monthly & yearly financials
 Overall Supervision of day to day entries, approving payment requests & Journal Postings.
• Review and execute weekly and monthly cash flow reports
• Review monthly inter-company, related parties & bank balance reconciliations
• Obtain management approvals for the Operational and Capital expenditure
• Preparation of Financial Reports supported with Schedules
 Preparation & timely presentation of monthly MIS Reports to the Management
• Consolidation of Owners Association & Master Community accounts by project
• Providing assistance in preparation of budget
• Provide support and training to Finance team on the Strata Management Software
• Assisting Contracts & Procurement department in the tender finalization process
• Liaison with external & internal auditors for all financial and systems audits.
 Participate in the drafting of the company’s financial policies & procedures.
 Other MIS Reports as required by the Management.

Led a team of five to effectively manage a customer base of over 100, 000, Ensure timely billings and define billing rules as and when required, Supervised daily Cash Collections & Inventory movements from Dealers and at Kiosk, Reconcile daily activations in IBS to Cash Collections and Inventory, Approve disconnections and refunds to customers, Revenue analysis by Region and report to Management on the variances, Provide logistical support to the installation division in coordination with the stores, Assisted with strategic internal Projects, Member of the finance team for preparation and finalization of monthly and annual financial statements, Approve posting to General Ledger, Dealers Account reconciliation and confirmation of balances, Liaison with external auditors for all financial and systems audits, Part of the Management Team responsible for implementation of integrated software for the group, Other MIS Reports as required by the Management.

Maintained books of accounts and its finalization, Generated daily sales report and supervised the daily cash collections, Reviewed the Credit Control Policies based on the Debtors age analysis, collection and percentage of movement of accounts to bad debts, doubtful and legal cases, Reviewed Payable Accounts to ensure that maximum credit facilities are availed and the payment are intact, In charge for the product (GRN) costing and provided suggestions to the Management for the product pricing, Reviewed monthly stock movements and reporting to the Management on the slow and non moving items, Assisted Divisional and Group Finance Manager in preparation of Annual Budget, Prepared variance reports and monitoring purchases and other overheads in line with budgets, Coordinated with Internal and External Auditors.

Monitored the consumption of Power & Raw Materials with the standards fixed, Periodically verified stocks at the factory, Choosing Suppliers and Placement of Purchase Orders, Verified Suppliers bills and passing them for payment, Banking Operations; opened Letter of Credits for purchases and discounted Letter of Credits in favor of the Company, Verified Sales Revenue with reference to Production, Passing Wage bills and preparation of monthly payroll, Maintained Proper books of Accounts.

In-charge for conducting Internal Audits, Concurrent Audits, Statutory Audits, Income Tax Audits, Fixed Deposits Audits for reputed Companies like FACIT Asia Ltd., South India Corpn Ltd., Lucas Indian Service Ltd., Tubes and Malleables Ltd., SPIC Ltd., Mercantile Credit Corporation Ltd., and a host of other Companies.