Ramesh Kumar Chalumuri

Handle full spectrum of financial and cost accounting role like AR, AP, GL, forecasting, budgeting etc.
• Responsible for day to day finance and accounts operations.
• Leading a team of two senior accountants and seven accountants.
• Perform full set of accounts and ensure timely closing of accounts.
• Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
• Responsible for timely monthly consolidated financial statements, payments and cash-flow reports for
Submission to Management.
• Review & approve payment vouchers & journal entries.
• Perform cash flow forecasting, budgeting and working closely with the operations and project
Teams in analyzing margins, variances and cost analysis.
• Payroll accounting.
• Issue project cost reports for review and approval.
• Develop and maintain internal control and effective accounting system and policies for the set up.
• Intercompany cost allocations are in line with management. Agreements and transfer pricing policy
• Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns
• Work consultatively with the respective departments on cost reduction initiatives
• Liaising with Banks for complete Banking transactions.
• Making Payment Certificates for Client and Sub Contractor.
• Cooperation with internal Group of Companies and external auditors to carry out annual auditing.

Liaising with Banks for complete Banking transactions.
• Supervision of the daily finance and accounting operations.
• Payroll accounting.
• Develop and maintain internal control and effective accounting system and policies.
• Preparation of monthly, quarterly, half yearly and annual financial reports.
• Maintenance of accurate and up-to-date records of all financial transactions.
• Preparation of monthly, quarterly, half yearly and annual budget execution reports.
• Recording, classification, and summarization of financial transactions and events with accordance of accepted accounting principles and financial reporting Standards.
• Responsible for timely monthly consolidated financial statements, payments, cash flow management reporting for submission to the Finance Manager.
• Review and approve payment vouchers and journal entries.
• Perform cash flow forecasting, budgeting and working with the operations and project teams in margins, variances and cost analysis.
• Establish and maintain systems for cost-sensitivity analysis and early-warning of cost over-runs.
• Work consultatively with respective departments on cost reduction initiatives.
• Issue project cost reports for review and approval.
• Cooperation with internal Group of Companies and external auditors to carry out annual auditing.

Provide the monthly financial reports like P&L, balance sheet to Finance Manager.
•Post the daily accounting transactions in accountancy, payroll for workers and site staff.
•Verify and process the payments for subcontractors and suppliers, reconciliation of bank, creditors, and debtors.
•Coordinate with contracts and procure departments regarding the subcontractor’s payment certifications and clarifications.
•Provide monthly aging analysis for debtors, creditors, and necessary reports to Finance Manager.

I was reporting to the Managing Director on a monthly basis regarding the financials.
•Supervise a team of the company assign, verify of daily accounts using Tally accounting package.
•Handle reconciliation of bank, creditors, debtors and other related matters.
•Good knowledge of filing Central Excise Tax and Sales Tax Returns.
•Strong knowledge of TDS, Sales & Service Tax related matters.
•Provide monthly sales tax reports to MD for submission in the sales tax department.
•Fulfilling Statutory Compliances - Income Tax, TDS, TCS, Sales Tax, Entry Tax, PF, ESI, etc., & Computing & arranging for timely deposit of taxes, filing of returns for timely completion and ensuring Statutory Compliance.
•Provide the monthly and annual financial reports to Managing Director.
•Prepare of periodic payroll for staff and provide cash flow details to Managing Director.
•Deal with Auditors for sales tax and annual audit, and responsible for payables and receivables.