Director of Finance and Administration
Wammana Engineering and Project Consulting Company
Total years of experience :33 years, 1 Months
Complete In charge of Finance and Administration work
Financial Control: Implementing financial results forecasting system for providing accurate future results projections & budgeting system ensuring timely compilation & presentation of budgets. Instituting internal control systems viz. receivables, payables, inventory as well as keeping a constant vigil over overhead expenses. Establishing corporate goals, short term and long term budgets, AOP (Annual Operating Profit) and developing business plans for the accomplishment of cost, profit, service and organizational objectives.
Fund Management: Monitoring cash flows and ensuring that funds are arranged in the most cost effective manner after projecting cash forecast ensuring that there is no shortage of cash in hand. Preparing working capital monitoring reports for the Banks provisional balance sheets and profit and loss account. Arranging with banks for funding for capital items such that long term funds are deployed for such utilization optimizing utilization of working capital, arranging OD facility at competitive rates as well and deployment of surplus funds.
Costing: Handling cost monitoring & reward system. Overseeing planning, resource allocation & control so as to emphasize the financial point of view. Formulating cost accounting programs like Budgetary Control, Standard Costing, Break Even Analysis, Marginal Costing, Cost Sheet and reconciliation of cost & financial accounts. Analysing actual costs through standard cost sheets and preparation of variance reports.
Auditing & Taxation: Coordinating with Tax Authorities for ensuring compliance of tax provisions accordingly & appearing before them in connection with assessment proceedings and resolution of disputes by means of appeals and settlements. Organizing compliance with respect to monthly Service Tax, TDS, VAT and Excise Duty. Ensuring timely submission of statutory returns and completion of assessments for direct and indirect taxation. Performing analytical review of financial statements and evaluation of internal control systems for carrying out internal audits.
Reporting to Chief Executive Officer and Chief Financial Officer
Accountabilities
Managing a gamut of tasks like finalization of annual accounts /presentation of monthly balance sheet, P & L a/c and presenting the reports to the to chairman and board of directors.
Conducting detailed cost analysis for cost reduction & controls.
Monitoring exports and keeping a close follow-up with exporters.
Highlights:
Developed company policy and procedures (Cost control, Inventory Control and Finance & Administration and successful implementation of Iscala system as a project Manager).
Managing finance functions involving determining financial objectives, designing & implementing systems & procedures to facilitate internal financial control.
Collating and interpreting financial data for determining the financial performance and preparation of Monthly Reports (MIS, Executive reports, Balance Sheet / P&L A/C etc.) for appraisal to Chairman & Board of Directors.
Submitting the Internal Audit Report to the Chairman on weekly basis discussing all loopholes and week areas which requires immediate attention.
Formulating strategies for Fund Management Strategy to maximize returns and minimize risk Optimizing capital structure by preparing assumptions, analyses, and reports; advising management.
Identifying and evaluating financial risk and ensuring smooth accounting operations.
Highlights:
Served as complete In charge of Accounts and Finance for Corporate office as well as other subsidiaries.
Looked after preparation of Cash Flow Management as well as Net worth Indication Report to Management.
Conducted Internal Audit as well as periodical Branch Audit; audit Finalizations with KPMG as well as Al Bazie
Played a key role in preparing cost analysis report for the competitive rate quoting of New Project.
Accountabilities
Generating MIS report and presenting same to senior management on monthly basis giving detailed working of Fixed Overheads, Variable Overheads, Sales and Contribution.
Preparing the Profit and Loss Statement along with detailed working of Fixed Assets and submitting the same.
Highlights
Selected and award as best Employee for the year -2007.
Successfully Implementation of New Software to the complete catering sector as per the target time - Iscala assigned this target as an In-charge of Project Manager.
Complete incharge of Finance and Accounts as well as General Administration,
Laison with Banks for availing Bank facility.
Preparing Management Report as per the US format
Coordinating with External Auditor as well as Internal Auditor
Preparing Customs as well as Income Tax Return
Preparing Monthly Invoice
Preparing Payment Schedule
Effective Managing of Working Capital
CENTRE FOR RESEARCH AND DEVELOPMENT PRIST UNIVERSITY :- Tanjavur Topic : AN EMPIRICAL STUDY ON CUSTOMER SERVICES IN PRIVATE SECTOR AND PUPLIC SECTOR BANKS IN CHENNAIDISTRICT
Studied trhough Distance Education and Major for Banking and Finance