ASHOK KUMAR MADALA
Bengaluru
Summary
A highly skilled and detail-oriented Chartered Accountant with 12 years of experience in managing end-to-end financial operations, including accounts payable, fixed assets, intercompany transactions, and cash flow management. Adept at ensuring compliance with U.S. GAAP, Indian GAAP, and local statutory requirements. Proven expertise in month-end closing, financial reporting, budgeting, and leading teams to align accounting systems with corporate policies. Skilled in collaborating with cross-functional teams, statutory auditors, and site management to deliver accurate financial statements and forecasts.
Overview
12
12
years of professional experience
Work History
SENIOR MANAGER FINANCE
Standard Chartered Global Business Services
Bangalore
10.2023 - Current
- Actively participated in planning and budgeting for investment expenditures
- Conducted financial analysis, validated actual data, and provided actionable insights to project managers and senior management.
- Reported on investment cash spends to businesses, facilitating budget decisions and highlighting anomalies
- Managed tracking and approvals of project costs, ensuring accurate integration between accounting and project management systems
- Provided timely analysis and presentations to stakeholders, supporting decisions on cost allocation methodology, and budget variances.
- Managed month-end and quarter-end close processes, ensuring accuracy in accruals, provisions, and internal controls with thorough documentation
- Coordinated with internal and external auditors to ensure timely audit closure
MANAGER (FINANCE CONTROLLER)
THRYVE DIGITAL HEALTH
Hyderabad
10.2021 - 07.2023
- Establishing and maintaining finance processes with respect to AP, AR, FA, GL etc.
- Month close process of multiple entities and in different geographies
- Performed Balance sheet and Intercompany reconciliations monthly and annually
- Preparation and financial statements and assisting in 10Q and 10K filings as per US GAAP
- Governed for local taxes of countries viz., GST, TDS, SEZ/STPI with the help from local advisors
- Providing need-based MIS and help report costs against budgets
- Ensure compliance with all relevant financial regulations, including Ind AS
- Conducted internal audits and supported statutory audit processes
- Supervise the performance and development of a team of 12 members
MANAGER - FINANCE & ACCOUNTS
INTELLECT DESIGN ARENA LIMITED
Chennai
06.2018 - 10.2021
- Oversee India site finance functions, including payroll processing, accounts payable, fixed assets, and intercompany transactions, ensuring seamless operations and compliance
- Lead month-end closing processes, preparing financial statements and bank reconciliations within strict deadlines
- Manage local compliance activities, including GST, TDS, and other statutory tax filings, maintaining 100% adherence to regulatory requirements
- Provide leadership and training to a team of 6 finance professionals, aligning accounting systems and controls with corporate policies and local reporting standards
- Serve as the primary liaison with local statutory auditors, resolving issues and ensuring timely audit completion
SENIOR MANAGER - AUDIT & ASSURANCE
MANOHAR CHOWDHRY & ASSOCIATES
Chennai
11.2014 - 04.2018
- Managed accounting functions, including recurring statutory compliances.
- Facilitated timely completion of statutory and tax audits.
- Coordinated direct and indirect tax assessments with various statutory departments.
- Provided guidance on fixed asset management, prepaid accounting, expense accruals, and intercompany transactions.
- Reviewed monthly expense accrual computations and quarterly tax provisioning under US GAAP.
- Managed internal audits, including audit plan preparation and stakeholder coordination.
- Supervise the performance and development of a team of 8 Assistant Managers.
ASSISTANT MANAGER - AUDIT & ASSURANCE
NEETI CHAUHAN & CO, CHARTERED ACCOUNTANTS
Bengaluru
07.2013 - 09.2014
- Handled internal audits of companies Manufacturing, infrastructure, Marine processing industries
- Oversee the day-to-day operations of the audit engagement from staffing, planning, risk assessment, fieldwork, financial reporting, and the conclusion
- Provide supervision, training and support to the engagement staff and promote open communication to the engagement manager and partner
- Create and track engagement budgets to review for inefficiencies that may arise during the audit and maintain profitable realization rates
Education
Chartered Accountant - Accounts & Finance, Audits, Taxation, Costing
The Institute of Chartered Accountants of India
New Delhi07.2013
Bachelor in Commerce - Accounts, Taxation, Computers
Sri Venkateswara University
Tirupati, Andhra Pradesh06.2008
Skills
- Financial controllership
- Financial planning and analysis
- Financial reporting (Ind AS and US GAAP)
- Shared services management
- Business partnering
- Audits (external and internal)
- Taxation and regulatory compliance
- Risk management and mitigation
- Leadership and team development
Accomplishments
- Managed cost bases of $50-70M USD, supported over 500 FTEs, and collaborated with R&D Investment Directors to optimize project costs.
- Implemented a comprehensive financial control framework resulting in a 20% reduction in financial discrepancies and improved audit outcomes.
- Implemented cost controls to eliminate manual adjustments in project costs (staff and non-staff) resulting in accurate cost reporting.
- Conducted variance analysis that identified cost-saving opportunities, resulting in a 10% reduction in operational expenses.
- Managed a successful external audit process with zero major findings, demonstrating strong audit preparation and documentation skills.
- Implemented internal audit recommendations that strengthened internal controls and reduced audit findings by 50% in subsequent audits.
- Ensured compliance with regulatory changes by leading a cross-functional team in updating policies and procedures, maintaining a 99.8% compliance record.
- Successful Migration to FSS Model: Led the seamless transition of financial operations to a centralized Finance Shared Services model, improving efficiency and reducing operational costs by 20%.
- Performance Metrics Implementation: Established key performance indicators (KPIs) and performance metrics to monitor and improve the efficiency and effectiveness of the FSS, leading to a 15% increase in overall productivity.
Erp Tools
- Oracle Fusion Financials
- People Soft General Ledger
- Tally
- QuickBooks
- Zoho
- Essbase / Hyperion smart view
- Advanced Excel
Timeline
SENIOR MANAGER FINANCE
Standard Chartered Global Business Services
10.2023 - Current
MANAGER (FINANCE CONTROLLER)
THRYVE DIGITAL HEALTH
10.2021 - 07.2023
MANAGER - FINANCE & ACCOUNTS
INTELLECT DESIGN ARENA LIMITED
06.2018 - 10.2021
SENIOR MANAGER - AUDIT & ASSURANCE
MANOHAR CHOWDHRY & ASSOCIATES
11.2014 - 04.2018
ASSISTANT MANAGER - AUDIT & ASSURANCE
NEETI CHAUHAN & CO, CHARTERED ACCOUNTANTS
07.2013 - 09.2014
Chartered Accountant - Accounts & Finance, Audits, Taxation, Costing
The Institute of Chartered Accountants of India
Bachelor in Commerce - Accounts, Taxation, Computers
Sri Venkateswara University
Similar Profiles
Anirudha KuppalliAnirudha Kuppalli
Manager of Wealth Management Operations at Standard Chartered Global Business Services, Global Business ServicesManager of Wealth Management Operations at Standard Chartered Global Business Services, Global Business Services
SIDDHANT MUDALIARSIDDHANT MUDALIAR
Business Analyst at Standard Chartered Global Business ServicesBusiness Analyst at Standard Chartered Global Business Services
Khairil Irfan ShahromKhairil Irfan Shahrom
Support Manager at Standard Chartered Global Business ServicesSupport Manager at Standard Chartered Global Business Services