Naveen Kumar Balan, General Manager (Finance & Audits)

Naveen Kumar Balan

General Manager (Finance & Audits)

City Flower Retail (Fleeriya Group)

Location
India - Kerala
Education
Master's degree, Chartered Accountancy
Experience
18 years, 7 Months

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Work Experience

Total years of experience :18 years, 7 Months

General Manager (Finance & Audits) at City Flower Retail (Fleeriya Group)
  • Saudi Arabia - Riyadh
  • My current job since November 2015

Job description:-
1. Break even analysis and CAPEX analysis
2. Month end close activity with detailed financial overview
3. IFRS compliant framework
4. Managing budgets and ensuring spending is kept in line with the budget
5. Liaising with other function managers to put the finances and accounts in context
6. Providing and interpreting financial information
7. Monitoring and interpreting cash flows and sales cash reconciliation
8. Analyzing changes in external environment and advising accordingly
9. Developing financial management mechanisms that minimize financial risk
10. Conducting reviews and evaluations for cost-reduction opportunities
11. Managing company's financial accounting, monitoring and reporting systems
12. Producing accurate monthly financial reports to specific deadlines
13. Advising on the financial implications and consequences of business decisions
14. Inventory management
15. Supervising and training junior staff

Financial Accountant at National Institute of Technology
  • India - Delhi
  • February 2015 to October 2015

Job description:-
1. Managed zero based annual budgets and revised estimates
2. Resolved Audit Para raised by Comptroller and Auditor General of India
3. Prepared Consolidated FS using Indian GAAP and Ministry of HRD guidelines
4. Prepared and submitted Quarterly and annual reports of fund utilization to Ministry
5. Completed reconciliation of more than 150 bank accounts
6. Made investment of surplus funds in profitable manner
7. Identified employee benefits requiring Actuarial valuation and its presentation in final accounts
8. Accounting for imports and non-current assets
9. Monthly compliance of TDS, all indirect taxes

Financial Analyst/Auditor (6 Month Contract) at PriceWaterhouseCoopers
  • New Zealand
  • February 2014 to July 2014

Job description:-
1. Presented issues with balanced conclusions and recommendations that demonstrate a depth of business knowledge, to a high quality standard while meeting required reporting deadlines.
2. Made management recommendations for improvement of deficiencies in internal controls.
3. Designed and performed substantive tests to determine the reasonableness of financial statements.
4. Modified the audit program for change in materiality and increased control risks identified during the audit and used additional testing procedures in consultation with audit partner.
5. Used statistical sampling to assess the design and the effectiveness of controls to identify risks for determining testing strategies required for audit.

Senior Audit Executive at Praveen Narayan and Associates
  • India - Delhi
  • January 2012 to February 2013

Job description:-
1. Handled multiple audits by documenting and evaluating audit scope and objectives, developing timetables and schedules, and preparing for adapting audit programs.
2. Mentored and supervised less experienced staff to assist development resulting in quality and timeliness of deliverable s
3. Prepared government and non-profit financials including balance sheet, profit and loss and cash flow statements.
4. Provided feedback and analysis for system enhancements that enables auditing of data to be performed more efficiently and with improved accuracy.
5. Performed internal audit tasks such as interviewing department staff, analyzing complex financial data from various sources to develop findings supported by evidence and to detect irregularities, and drafting reports and memoranda based upon information received.
6. Compilation and submission of all sales and tax claims generated by the firm for our clients
7. Oversight of the tax payable/refund process with state agencies and vendors
8. Pro-active review of quarterly sales/use tax payments in an effort to reduce client liability
9. Prepared financial reports and critical monetary analysis (CMA) report
10. Balanced multiple priorities by considering risk, importance, level of urgency and other linkages.

Accounts Manager at Benzy Food & Beverages Pvt. Ltd.
  • India - Delhi
  • April 2009 to December 2011

Job description:-
1. Set standard costs and reported material, labour and overhead variances
2. MIS reports on financial KPIs
3. Prepared of process cost accounts for by product costing
4. Developed new incentive schemes for achieving increased sales
5. Done pricing of product using relevant costing and considering cost of spare capacity
6. Done price negotiation for AMC and associated organization
7. Identified Cost reduction areas based on variance analysis
8. Managed functional expenditure budgets
9. Done full Balance sheet reviews
10. Prepared debtors and creditors ageing report and done AP & AR management
11. Bank Reconciliations
12. Payroll processing
13. Cash flow management
14. Statutory dues compliance
15. ROC filing

Articled Clerk at Ganesh Venkat & Co
  • India - Chennai
  • March 2006 to April 2009

Done Statutory audit, Internal audit, Payroll audit, Propriety audit, Stock audit, Tax audit
Major clientele- Audit and Assurance engagements-
1. Manufacturing:-
Precision and medical equipments (Shimadzu Asia Pacific Pvt Ltd),
Non-ferrous metals (Hydromet Pvt Ltd), Textiles (Polycrest Innovations Pvt Ltd),
Automotive parts (Gates Unitta India Pvt Ltd),
Energy & fluid control equipment (Danfoss India Pvt Ltd),
Flow meter & level transmitter (RLT Instrumentation Pvt Ltd),
Leather accessories (Hide Craft Pvt Ltd), Pharma (Concept Pharmaceuticals Pvt Ltd)

2. Construction:-
Infrastructure (HCC Ltd),
Civil engineering (Hariharan Foundations Pvt Ltd)

3. Service:-
Hospitality (RKHS Pvt Ltd),
Merchandising (PPMS Pvt Ltd),
State Civil supplies (Supply co)
Travel & tour (Akbar Travels of India Pvt Ltd)

4. Banking:
SBI (Chest Branch), Indian Overseas Bank, Canara Bank, Cooperative Banks.

Accountant at Benzy Food and Beverages Pvt. Ltd.
  • India - Delhi
  • May 2004 to February 2006

Job description:-
1. Prepared of Purchase orders, sales vouchers, time and cost sheets.
2. Recorded daily journal entries.
3. Handled Petty Cash
4. Done weekly banking transactions
5. Assisted internal audit staff

Education

Master's degree, Chartered Accountancy
  • at The Institute of Chartered Accountants of India
  • May 2012
Bachelor's degree, Commerce
  • at University of Calicut
  • March 2003

Specialties & Skills

Financial Analysis
Pricing
Monthly Reporting
Internal Audit
Internal Controls
MS Powerpoint

Languages

English
Expert
Hindi
Expert
Malayalam
Native Speaker
Tamil
Intermediate

Memberships

ICAI
  • Full Member
  • May 2012

Training and Certifications

Information Systems Audit (Training)
Training Institute:
Simpli Learn USA
Date Attended:
June 2016
Duration:
32 hours
CA Computer Course (Training)
Training Institute:
Institute of Chartered Accountants of India
Date Attended:
July 2003
Duration:
250 hours
Information Systems Audit (Certificate)
Date Attended:
October 2016

Hobbies

  • Chess, Cricket, Cooking, Driving