Finance Controller
LED World LLC
Total years of experience :20 years, 0 Months
Organization A medium level enterprise emerging to grab the market in field of lighting industry. The turnover of the company for the year ended 2013 was 21 Million. At the end of 2013, the No of employees was less than 30, but it has been increased rapidly to 60+. The company is in the transition phase. Have Imports from Far East and exports to entire Middle East. I am reporting to the Managing Director of the company.
Responsibilities:
• As the Financial Controller and Accounts manager, leading a team of 4 junior accountants and data entry and billing staffs
• Managing fund flows in 6 bank accounts.
• Checking the credit card receipts by reconciling the report with bank statements.
• Timely renewal of all legal documents like license, insurance, vehicle permits, etc
• Managing the financial facilities in all the six banks and loans in other banks and ensuring all the dues and installments are funded promptly.
• Managing the credit card payments to avoid interest and late fee.
• Preparation and presentation of P&L account and balance sheet on monthly basis to the management.
• Preparation of Receivables reports.
• Managing the receivables and payables.
• Effectively using the facilities of Cheque discounting and invoice discounting facilities.
• Making supplier payments by using TT, STL, TR, LC and other modes of supplier payment.
• Evaluation of credit application form from Customers.
Major Attainment:
• Reduced the receivables from 6 million to 1.5 Million by continuous follow ups, blocking delivery to the customers who are not regular in payments.
• Resolved issues in the ERP system by customizing the system and co coordinating with the service provider
• Designed the business documents like Statement of Accounts, Sales Order, Delivery Note, Invoice, Quotation, Purchase request, and other in-house requests.
• Framed a reliable Internal control system
• Fixed credit limit and time for each customer
• Coordinated with the software provider for the successful up gradation of ERP system and training to the users.
• Negotiated with banks for LC Discounting facility and used the same
Organization A major automobile company in the region having a turnover of more than INR 1, 100 crores(Appx- $ 180 Million). A listed company whose shares are traded in Recognized stock exchanges in India. I was reporting to CFO .
Responsibilities:
• Overseen the accounting activities in 16 branches.
• Liaison with banks and Financial Institutes.
• Managing fund flow\ws in 6 bank accounts.
• Managed the working capital requirements.
• Ensured that HR & Payroll departments to receive fund for to more than 700 employees’ salary on time.
• Coordinated with Internal auditors ( one of the Big 4) during internal audit on every quarter .
• Organized the necessaries for the year end statutory auditing.
• Reviewed and presented the P&L and Balance sheet to CFO on every month.
• Budgeted the operating expenses.
• Ensured the Compliance with all the statutory requirements.
• Stock audit in branches ( with our prior notice).
• Liaison with company secretary and document controlling team.
Major Attainment:
• Got Channel Finance Facility with a bank for supplier payment.
• Integrated all the branches with head office ( Branches were using Tally, In head office SAP)
• As a cost cutting activity, avoided SAP implementation in branch level and used tally and reduced costs of implementation and training.
• Famed value addition methodology for pre owned vehicle division.
Organization A leading firm of Chartered Accountant in my home town.Joined there immediately after completing graduation.Learnt the basic of accounting and auditing from the perspective of auditor. Completed CA Inter in 2006.
Responsibilities:
• Joined as a fresher and learn from seniors
• Did auditing for more than 120 business entities both Internal auditing and statutory auditing
• Statutory Bank auditing in State Bank of Travancore for 2 consecutive years
• Concurrent bank auditing in Andhra Bank for 3 years
• Preparation of financial statement for clients as per the accounting standards and GAAP
• Looking after the Compliances for service tax, VAT, Excise duty, Customs Duty & other statutory liabilities of clients
• Preparation of Total Income statement as per the Indian Income tax Act 1961
• Represented clients in front of Income Tax and service tax authorities
Chartered Accountant
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