ASHOK KUMAR MADALA

A highly skilled and detail-oriented Chartered Accountant with over 11 years of experience in managing end-toend financial operations, including accounts payable, fixed assets, intercompany transactions, and cash flow management. Adept at ensuring compliance with US GAAP, India 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.

• 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.

• Oracle Fusion Financials
• People Soft General Ledger
• Tally, QuickBooks and Zoho
• Essbase / Hyperion smart view
• Advanced Excel