CHIEF FINANCIAL OFFICER
Tera Software Limited
Total years of experience :20 years, 11 Months
Overall Finance & Accounting Operations:
Oversee cash flows and treasury to ensure liquidity requirements.
• Design treasury keeping key Management in loop. Manage regular treasury operations and provide regular reporting to internal team and board
• Liaising with financial institutions/ banks, Rating agencies
• CMA and its monthly Banking compliance, Stock report, Working capital management etc
• Monthly cash flow forecast to ensure the smooth continuity of business operation and funds usage
• Fund raising with Bankers
Books, Controller and compliance
• Ensure books of accounts are kept in accordance with applicable GAAPs i.e. (IND AS/IFRS)
• Document and maintain the system of accounting policies, procedures, and operating manuals.
• Preparation of all financial reporting materials and metrics for internal reporting, MIS for Board of Directors to assess their profitability and viability
• Coordinate with Auditors for statutory, internal audits of the Company including direct and indirect tax related returns and assessments
Taxation
• Ensure accurate calculation of all direct and indirect tax liabilities
• Ensure that all statutory requirements such as deductions are being followed and properly accounted for Manage correct and on-time payments for all statutory obligations GST, TDS, PF, Income tax etc
Budgeting & Planning
• Partner with the HODs on all related operational and strategic issues as they arise; provide strategic recommendations based on financial analysis and projections, cost benefit analysis, statutory and legal basis
• Engage the operations and control team to align financial management with short- and long-term financial planning and projections.
• Standard costs and monitor actual against the standard
• Operational planning and performance measurement, including, profit planning, expense budgeting, asset utilization, identifying opportunities, capital investing and labor utilisation etc
Internal Controls
• Ensure that proper internal checks and controls are in place and are being followed across critical Finance and HR processes such as vendor payments etc.
• Material balancing and Inventory management
• Finance, Accounts, Payroll, MIS and Compliances
• Ensure strong corporate governance systems is in place
MIS
• Financial Statements preparation - Monthly/Quarterly with comparisons - B/S, P&L and CFS
• Budget preparation and comparison with actual performance
• MIS - Standard report and customized reports
• Dealing with ROC and secretarial works and other compliance works (per demand/requirement)
• Team assessment and performance evaluations.
• Maintaining the company's books of account
• Finalizing books of accounts periodically
• Compliance with the applicable laws like Income Tax, , PAYE, Social Security Fund (SSF), Withholding Taxes (WHT) and VAT etc.,
• Managing company’s Overdraft, Guarantees Lines and Letter of Credit Limits with various banks.
• Monitoring the import of Raw materials and Packaging Materials from Foreign Suppliers as per production plans and follow up on LC s establishments as per payment terms.
• Monitoring and controlling the finance operations of the Overseas Branches in Nigeria, Liberia and Sierra Leone
• Monitoring finance and Accounts operations of group/subsidiary companies (Healthilife Beverages Limited-Production of Fruit Juice, Xpert Securities Ltd -providing Security services and Green Diamond Estates and Resorts Ltd)
• Ensure compliances of Statutory requirements of the company
• Managing the finances of the company at optimal cost and liasioning with banks
• Cost management and internal control
• Preparation of Cash flow statements and general-purpose financial statements of the company to meet business and statutory requirements.
• Ensuring that wastages, leakages and pilferages are prevented and avoided.
• Management Information System (MIS) and the reports generated for analysis by the management team and submission to the Board of directors and others as required
• Preparation of Payroll in Visual Paymaster Software and submission of the same to banks.
• Maintaining the company's books of account
• Finalizing books of accounts periodically
• Compliance with the applicable laws like PF, TDS, PT, ESI etc.,
• Monitoring project finances (Disbursement of term loan of Rs. 225 crores)
• Preparation of Cash flow statements
• Tendering & Negotiation (Hydro Mechanical Equipment and Transmission Lines for 24 MW Dummagudem Mini Hydel Project)
• Coordination with the accountants and others at various project sites
• Development and maintenance of desirable liaison with Statutory and regulatory authorities, Bankers & Finance Institutions (Term loan & Working Capital to the project) Auditors, advisors and consultants
• Management Information System (MIS) and the reports generated for analysis by the management team and submission to the Board of directors and others as required
• Obtaining the advance License from Joint Director General of Foreign Trade for procuring the imported machinery with out payment of customs duty.
• Coordinating with the consultants in respect of carbon credit issues.
• Supervision of Project construction activities.
• Maintained the company's books of account and finalized the books of accounts periodically.
• Complied with the applicable laws like PF, TDS, PT and ESI.
• Monitored the project finances (Disbursement of term loan of Rs. 225 crores) and prepared the cash flow statements
• Tendered and negotiated with the (Hydro Mechanical Equipment and Transmission Lines for 24 MW Dummagudem Mini Hydel Project).
• Obtained advance License from Joint Director General of Foreign Trade for procuring the imported machinery without payment of customs duty.
• Performed Internal, Statutory and Tax Audits and handled ROC matters.
• Handled the Excise matters such as service tax registration and Quarterly/monthly returns.
• Handled major clients such as Heritage Foods India Limited (Internal Audit), Hyderabad, Vimta Labs Limited, Hyderabad, NILE Limited, Hyderabad and Indira kranthi Padhakam (IKP), project sponsored by World Bank.
• Performed reconciliation of branches statements with Head Office.
• Complied with procurement procedures and Statement of Expenditure (SOE) as per World Bank guidelines in IKP audit.
• Verified statutory compliances and implemented internal controls.
• Conducted inventory valuation and performed tax audit.
• Prepared statement of assessable income of all type of assesses and supervised & allotted the audit work.
• Verified and ensured proper accounting of all Cash and Bank Transactions.
• Verified bill passing and ensured proper sales accounting.