sudhakar renganathan

• Ensure Timely closure of Books of Account for the month, with high level of accuracy. Reviewing the financial reports and presenting the same to top management, highlighting the performance during the previous month compared with budget and suggesting corrective actions to be performed.
• Efficient vendor management by drafting Procurement policy and ensuring 100% usage of Purchase order process for Operational and Capital expenses, by implementing web based e-forms for approval of purchase orders and invoices, thereby payments to vendors are processed without delay.
• Resolution of issues with customers / Inter companies for collection of long pending overdue receivables. Reviewing the collections closely and achieving the targeted DBO.
• Providing Cost Reductions Recommendations for the business
• Managing cash flow effectively and ensure, there were no instances for deficit of funds to meet the payable requirement of the business.
• Updating oracle’s fixed asset module with additions, disposals and transfers. Preparing schedule for fixed asset on a monthly basis
• Automated the Payroll process and performing regular follow up with HR Department for payment of salary by 25th of the month.
• Negotiating with Bank for establishing adequate credit facilities for the business
• Preparation of yearly budget for the business units.
• Performing variance analysis between budget and actual
• Liaising with external auditors for Year end Audit

Following are the major activities that are being performed by me:
• Maintain custody of all accounting documents. Verify and account all documents in accordance with the established policies and procedures.

• Process supplier invoices. Process supplier payments. Prepare Accounts Payable report on a monthly basis.
• Prepare Customer invoices. Follow up for collection of Accounts Receivables. Prepare Accounts Receivable report on a monthly basis.
• Prepare monthly salary for the employees.
• Accounting for Fixed Assets and Inventories including preparation of schedules on a monthly basis.
• Preparation of Income statement, Balance sheet and review of accounts on a monthly basis.
• Prepare schedules, draft accounts for year end audit.
• Co-ordinate with external auditor and internal auditor.
• Co-ordinate in processing of shipping documents and Insurance.
• Prepare yearly budget.

Following are the major activities that were performed by me:
• Monthly review of Accounts of Service Divisions.

• Process supplier payments.

• Prepare weekly cash flow statement.

• Accounts in-charge of manufacturing division of the group. This division was later formed as joint venture company LSME. The activities include all those which are currently being performed in LSME.

Following are the major activities that were performed by me:
• Ensuring loans sanctioned have been utilized for the project for which it was disbursed.
• Regular follow up by forwarding demand advices to corporate.
• Collection of dues of the loan before/on due dates.
• Hold discussions with top management of the corporate and collect the reasons for non-payment of dues.
• Suggesting ways and means to overcome the financial problems faced by corporate.
• Undertaking plant visits and have the real feel of the operations in the company.
• Preparation of proposals for Restructuring the loan which include reduction in interest rate, elongation of repayment schedule taking into account the cash flow of the corporate and the capacity to repay the loan.
• Preparation of One Time Settlement proposals to have the loan repaid within one year period.
• Preparation of proposals for prepayment and loan closure with prepayment premium.
• Convening Officers level meeting of Secured Creditors, this would be attended mainly by officers from Banks and Financial Institutions.
• Maintaining accounts in computerized form and closing of accounts for my department.
• Preparation of MIS reports.