Arun Babu Mallavarapu
Koyyalagudem, Eluru District, Andhra Pradhesh
Summary
Highly skilled in both accounting and auditing, with broad experience managing financial records, conducting audits, and ensuring compliance with financial regulations. Strong analytical skills to evaluate data accuracy and integrity, coupled with proficiency in various accounting software. Successfully improved financial reporting processes in previous roles, leading to enhanced efficiency and reliability of financial information.
Overview
6
6
years of professional experience
Work History
Senior Associate-AIS Taxation (USA)
State Street Corporate Services Mumbai Private Limited
Hyderabad
06.2022 - Current
- Facilitated allocation for partnership books.
- Executed accurate adjustments for wash sales, dividend receivable analysis, section 1256, and section 988 and managed adjustments including futures, forwards and bond bifurcation with precision.
- Oversaw foreign report filings under the FinCEN 114/FBAR initiative.
- Conducted due diligence to identify and report U.S. account holders, ensuring 100% compliance with FATCA regulations and deadlines.
- Conducted detailed reviews of complex Form 1065 partnership tax returns, ensuring accurate reporting of income, deductions, and partner allocations in compliance with IRS regulations.
- Analyzed and reconciled financial statements with tax returns, including Schedules M-1 and M-2, to identify discrepancies and ensure accurate reporting.
- Oversaw preparation and review of Schedule K-1 for partners, verifying allocations for income, losses, and credits were consistent with partnership agreements.
Team Leader-Internal Audit
BSCPL Infrastructure Limited
Hyderabad
07.2021 - 06.2022
- Drafted cost analysis reports for both aggregate and concrete per specified designs.
- Ensured accuracy of purchases and various financial vouchers.
- Verified sub-contractor and hire bills swiftly.
- Conducted physical verification of fixed assets and inventory.
- Evaluated R&M budget through assessment of purchased and unutilized items.
- Compiled average monthly expense reports.
- Executed detailed aging investigations for Accounts Receivables and Payables.
- Maintained a positive work environment that promoted collaboration between team members.
- Collaborated with other departments to streamline processes and improve interdepartmental cooperation.
Practical Trainee
Dredging Corporation of India Limited
Visakhapatnam
02.2019 - 02.2020
- Managed billing processes for both payables and receivables.
- Ensured timely submission of GSTR-7 TDS returns.
- Successfully executed tasks related to vendor approval and statement preparation.
- Created schedules for Trial Balance.
- Checked figures and postings for correct entry and proper codes.
Education
CMA Final - Group-III
Institute of Cost Accountants of India
12.2021
CA-IPCC - Group-I
Institute of Chartered Accountants of India
12.2020
CMA Final - Group-IV
Institute of Cost Accountants of India
12.2019
Degree - (B.com)
Adikavi Nannaya University
07.2019
CMA Inter -
Institute of Cost Accountants of India
06.2018
Foundation -
Institute of Cost Accountants of India
12.2015
CA CPT -
Institute of Chartered Accountants of India
12.2015
Intermediate -
Board of Intermediate Education,AP
03.2015
SSC -
Board of Secondary Education, AP
03.2013
Skills
- Proficient in MS Office tools
- Working Knowledge of Tally ERP
- Microsoft Dynamics 365
- Leadership
- Teamwork
- Flexible in nature
Accomplishments
- Secured State 2nd rank in SSC examinations and State 5th rank in Intermediate 1st year.
- Awarded 2nd prize in chess competitions held by Rotary club in our Mandal level and also awarded 1st prize in cricket competitions held by Dredging Corporation of India Ltd-Vizag.
- Conducted Annual day meet and games programs at DCI-Vizag.
- 30 days ITT program on MS office, Tally ERP at SIRC Vijayawada.
- 15 days communication and soft skills program conducted by SIRC Hyderabad.
Disclaimer
I hereby declare that the above information provided is true to the best of my knowledge and belief.
Timeline
Senior Associate-AIS Taxation (USA)
State Street Corporate Services Mumbai Private Limited
06.2022 - Current
Team Leader-Internal Audit
BSCPL Infrastructure Limited
07.2021 - 06.2022
Practical Trainee
Dredging Corporation of India Limited
02.2019 - 02.2020
CMA Final - Group-III
Institute of Cost Accountants of India
CA-IPCC - Group-I
Institute of Chartered Accountants of India
CMA Final - Group-IV
Institute of Cost Accountants of India
Degree - (B.com)
Adikavi Nannaya University
CMA Inter -
Institute of Cost Accountants of India
Foundation -
Institute of Cost Accountants of India
CA CPT -
Institute of Chartered Accountants of India
Intermediate -
Board of Intermediate Education,AP
SSC -
Board of Secondary Education, AP
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