Abbu Hemadri
Bangalore
Summary
Finance professional with extensive experience at Sila Reinforced Ceramics Pvt Ltd, specializing in budget alignment and financial forecasting. Proficient in SAP FICO, driving cost optimization and ensuring compliance for enhanced financial health. Focused on improving financial processes through continuous learning and team collaboration.
Overview
7
7
years of professional experience
Work History
Head of Finance
Sila Reinforced Ceramics Pvt Ltd
Bangalore
04.2024 - Current
- Leading end-to-end finance operations, including budgeting, MIS, financial reporting, payables, receivables, statutory compliance, and audit coordination.
- Managed cash flow and working capital, conducted weekly cash flow reviews, optimized payment and collection cycles, and ensured sufficient liquidity for operations.
- Played a key role in fundraising initiatives by managing lender communication, preparing funding proposals, and supporting due diligence requirements.
- Supported the Austrian holding company by ensuring the timely submission of monthly, quarterly, and annual financials for group consolidation.
- Ensuring timely completion of statutory and internal audits, and adherence to accounting standards and regulatory requirements.
- Supported project estimation through thorough assessment of material, labor, and operational costs, ensuring accurate financial forecasting for new and ongoing projects.
- Improved inventory planning processes, minimizing holding costs, while ensuring uninterrupted production flow.
- Enhanced fixed asset control processes by maintaining a detailed asset register, monitoring depreciation schedules, and improving accuracy in financial reporting.
- Ensured full compliance with statutory requirements (TDS, GST, and GST audits) and facilitated smooth processing of inward and outward remittances, minimizing compliance risks.
- Developed budgets and forecasts, analyzed variances against actuals, and collaborated with departments to address deviations, and optimize financial outcomes.
- Provided leadership to a team of four finance executives, driving productivity, and strengthening process compliance.
Finance Manager
International Wear Solutions Pvt Ltd
Bangalore
09.2023 - 03.2024
- Prepared and monitored operating budgets aligned with business objectives, ensuring financial discipline across departments.
- Conducted in-depth costing for projects by evaluating cost drivers, validating supplier rates, and preparing complete cost sheets for management review.
- Maintained accounts payable and receivable records ensuring timely payments are made.
- Assisted in the development of internal controls to protect company assets.
- Made estimates of funds required for short and long-term financial objectives of organization.
- Led financial reporting processes, ensuring compliance with accounting standards and regulations.
- Supervised a finance team, improving workflow efficiency, accuracy, and accountability.
Finance Associate
MTR foods Pvt Ltd
Bangalore
12.2022 - 08.2023
- Handled month-end and year-end provision workings, ensuring accurate accruals, and timely financial closing.
- Streamlined audit support by coordinating cross-departmental data collection and ensuring timely delivery of information to auditors.
- Prepared standalone and consolidated financial statements for the group, ensuring alignment with IND AS, and timely submission for reporting cycles.
- Supported management during the IND AS transition by preparing reconciliations, reviewing adjustments, and ensuring a smooth implementation.
- Collaborated with the SmartDocs team to streamline invoice processing at the factory, ensuring timely approvals, and minimizing processing delays.
- Handled vendor invoice processing promptly, ensuring compliance with internal controls and approval workflows.
- Conducted fixed asset verification at the factory to ensure accuracy of asset records and compliance with policies.
Industrial Trainee
MTR Foods Pvt Ltd
Bangalore
04.2021 - 03.2022
- Supported month-end closing activities, including preparation of accruals, provisions, and reconciliations.
- Collected data from various departments, and ensured timely submission of information to auditors.
- Supported the finance team in preparing financial statements, working papers, and audit documentation.
- Coordinated with cross-functional teams to gather financial inputs for MIS reporting and internal reviews.
Article Assistant
H R Suresh & Co
Bangalore
04.2019 - 03.2021
- Performed statutory audits, tax audits, and GST audits for clients across various industries.
- Prepared and reviewed financial statements in accordance with IND AS and the Companies Act, 2013.
- Conducted ledger scrutiny, analytical reviews, and variance analysis to identify inconsistencies, and ensure accuracy.
- Assisted in GST filings, input reconciliation, and compliance reviews, ensuring timely submission of returns.
- Supported tax audit preparation, including 3CD documentation, 15CB certifications, and tax computation workings.
- Verified accounting records, internal controls, and supporting documents to ensure compliance with regulations.
- Conducted physical verification of inventory and fixed assets as part of audit procedures.
- Prepared audit working papers, audit queries, and coordinated with clients for the timely resolution of issues.
- Assisted in TDS compliance, including computation, deduction, and filing of TDS returns.
- Contributed to various audit assignments by ensuring proper documentation, adherence to the audit scope, and timely completion of audit deliverables.
Education
Chartered Accountant - Accounting and Finance
The Institute of Chartered Accountants of India
New Delhi05.2023
Bachelor of Commerce - Accounting And Finance
Bangalore University
Bangalore06.2019
Skills
- SAP and MS Office
- Tally ERP and Winman
- SmartDocs proficiency
- QlikView data visualization
Career Highlights
- Identified vendor billing discrepancies through systematic freight and vendor rate analysis, preventing potential financial leakages
- Achieved significant annual cost savings by replacing hired forklifts with an in-house model and training internal staff, reducing recurring operational expenses
- Achieved significant cost savings by optimizing inventory holding levels through structured planning, minimizing excess stock, and improving working capital efficiency
Languages
English
Proficient (C2)
C2
kanada
Intermediate (B1)
B1
Telugu
Native
Native
Tamil
Intermediate (B1)
B1
Hindi
Beginner
A1
Personal Information
- Date of birth: 29/08/1998
- Gender: Male
- Nationality: Indian
Timeline
Head of Finance
Sila Reinforced Ceramics Pvt Ltd
04.2024 - Current
Finance Manager
International Wear Solutions Pvt Ltd
09.2023 - 03.2024
Finance Associate
MTR foods Pvt Ltd
12.2022 - 08.2023
Industrial Trainee
MTR Foods Pvt Ltd
04.2021 - 03.2022
Article Assistant
H R Suresh & Co
04.2019 - 03.2021
Chartered Accountant - Accounting and Finance
The Institute of Chartered Accountants of India
Bachelor of Commerce - Accounting And Finance
Bangalore University