Baidyanath Prasad
Plant & Corporate Finance. Financial reporting, Budgeting & Forecasting
Bangalore
Summary
I am a Chartered Accountant, Cost Accountant, with more than 12 years of experience in across finance function including; Accounts payable, receivable, GL Management, capex Management, Financial Reporting, Budgeting, Forecasting, GST and Direct tax planning, auditing, Plant and Corporate finance.
Overview
14
14
years of professional experience
20
20
years of post-secondary education
2
2
Languages
Work History
Plant Finance Head
Motherson Sumi Electric Wires
02.2022 - Current
- Month closing
- Review of day to day finance activities
- MIS preparation,
- Internal & Statutory Audit,
- MRM preparation & presentation,
- Copper re-conciliation,
- Ensure compliance with financial regulations, industry standards, and corporate policies like TDS & GST.
- Preparation of ARD/ CAS data for audit purpose.
- AP & AR management.
- Develop internal control with support of internal audit team.
- Capex controlling.
- GL analysis.
Manager Finance
Minda Industries Ltd- Die Casting Division
09.2017 - 02.2022
- Consolidation,
- Product costing,
- Budget & Forecast preparation,
- Business finance review,
- Commercial support to unit Business head,
- Prepare and oversee the preparation of monthly, quarterly, and annual financial statements,
- Monitor the company’s cash flow,
- Manage resource allocation and workload balancing to meet operational demands,
- Serve as a liaison between the Local finance function and corporate finance,
- Coordinate internal and external audits,
- Working with auditors to ensure timely and accurate audits,
- Budgets and variance analysis,
- Cost analysis and reconciliation of Cost accounts with Financial Accounts,
- Preparation of BMD,
- RM re-conciliation.
Manager–Finance
Magnum MI Steel Pvt. Ltd.
05.2016 - 09.2017
- Monthly Book Closing and MIS preparation.
- Service tax & Excise return filing, TDS liability calculation.
- Getting Excise audit done.
- Stock reconciliation.
Manager–Finance
Perfact Color Digital Prints Pvt. Ltd.
11.2012 - 05.2016
- Company Overview: Perfact was an MSME, founded in 2003 as a Digital Printing Company, operating from Gurgaon. Over the past year’s company has established a huge client base and have worked with some prestigious brands in various verticals across India. Company's main verticals are Corporate business card, Digital printing on Exquisite security printing, Color and mono variable data printing, Coffee table photobook, latest technology, automation of system driven processes with continuous improvement is the main drivers.
Profile:
- Finance controlling.
- CMA data for bank & financial institution.
- Monthly calculation of DP Statement for Bank.
- Co-ordinate with bank & AP management.
- Income Tax & Sales Tax assessment.
- PF & ESI assessment.
Sr. Executive
Unitech Property Management Pvt. Ltd
02.2011 - 11.2012
Company Overview: Unitech Property Management Pvt. Ltd is service providing company, providing “Property Management Service” to residential and commercial building.
Profle
- Service tax return filing
- TDS return filing
- Account payable & Book closing
- Core member of SAP implementation team
Education
C.A - Accounting, Auditing, Taxation & Law
Institute of Chartered Accountant of India
New Delhi, India 04.2001 - 11.2011
C.W.A - Costing, Taxation & Law
Institute of Cost & Work Accountant of India
New Delhi, India 04.2001 - 12.2008
B.COM ( Hons) - Commerce
University of Delhi
New Delhi, India 04.2001 - 06.2004
12th (Commerce) - Commerce
Bihar Intermediate Educational Council
Patna, India 04.2001 - 07.2001
10th - All Subjects
Bihar School Examination Board
Patna, India 04.2001 - 07.1999
Skills
Comprehensive financial assessment
Detailed variance reporting
Financial budgeting
ARD/CAS analysis
Strategic tax planning
Compliance evaluation
Capital budgeting control
CMA data analysis
SAP (FI& PS Modules)
Oversight of extensive team operations
Others
- To define team member performance Objectives, periodically monitoring them and to conduct regular 1:1 interaction with team members and work with them for career development.
- Ensure proactive controls in place to highlight issues before they are picked up by business.
- Drive and motivate team member to accomplish desired results.
- Establish and maintain effective relationship with management and cross all level of associates.
- First point of contact for the escalation of client queries.
Roles And Responsibilities
- Manage overall finance and day to day accounting in SAP Accounting software.
- Monthly Book Closing and MIS preparation and getting its review done from PH, BH and Top management.
- Monitoring the account payable and receivable.
- Commentaries on monthly, quarterly and yearly Actual vs. budget Revenue/expense variance.
- Overall responsibility for preparation of Annual Budget for revenue and expense.
- Preparations of Balance sheet and Profit & Loss A/c schedule on monthly basis for finalization of monthly Financials statement.
- Maintaining and update fixed asset register and depreciation schedule in FA module and register.
- Handling the statutory auditor, internal auditor and getting the GST audit done.
- Deftly responsible for proper progress of statutory, tax & internal audit and ensuring satisfactory closure of all issues to get audit reports in timely manner.
- Doing all GL Reconciliation and prepare PL and Balance sheet account schedules for monthly and year end closure of Books of Account.
- Preparation of Balance sheet and Profit & Loss A/c schedule on monthly basis for finalization of monthly Financials statement.
- Reconciliation of AP and GL module for the month closing.
- Prepare working and template for Monthly provision entries and monitoring the provision.
- Responsible for prepared financial statement template including of cash flow and segment reporting as per Indian GAAP and ensuring satisfactory closure of all issues related statutory audit to get report in timely manner.
Taxation And Audit Compliances
- Monitoring GST compliances like payment of tax, GST return and it reconciliation with vendor and customer and its implementation.
- Timely TDS, service Tax & Excise Returns filing. Ensure timely payment of correct TDS, excise duty & service tax, proper reconciliation of service tax & excuse duty paid, payable, input credit etc. and filing of correct return. Interaction with department & monthly cenvat register for accuracy of monthly payment of Service tax & excise duty.
- Computation of deferred taxes and corporate taxes.
- Ensure timely payment of correct Advance tax.
- Co-ordinate with Tax consultant and provide documents for assessment.
- Responsible for Preparation of (form 3 CD) Annexure for Tax Audit, (form 3 CEB) Annexure for TP Audit and resolve queries of Tax and TP auditor.
- Calculation of quarterly Advance Tax and ensure timely payment.
- Monthly vendor TDS reconciliation sheet including filing of quarterly TDS Return in ETDS format.
- Half yearly Service Tax return including quarterly Service Tax refund and filing.
- Half yearly Service Tax return and Coordinated service tax audit conducted by department.
Finance And Banking
- Preparation of CMA data for Bank and financial institution.
- Monthly calculation of DP Statement for Bank.
- Co-ordinate with bank on local transactions daily monitoring of collection and withdrawal of the fund.
Professional And Academic Qualification
- C.A, ICAI, New Delhi, 51.88%, 11/01/11
- C.W.A, ICWA, New Delhi, 50.88%, 12/01/08
- B.COM ( Hons), Shyam Lal College, Delhi University, 53.44%, 06/01/04
- 12th (Commerce), BIEC, 80%, 07/01/01
- 10th, BSEB, 64%, 07/01/99
Personal Information
- Relocation: Ready to relocate anywhere
- Father's Name: Sh. D. Yadav
- Date of Birth: 01/22/85
- Marital Status: Married
Timeline
Plant Finance Head
Motherson Sumi Electric Wires
02.2022 - Current
Manager Finance
Minda Industries Ltd- Die Casting Division
09.2017 - 02.2022
Manager–Finance
Magnum MI Steel Pvt. Ltd.
05.2016 - 09.2017
Manager–Finance
Perfact Color Digital Prints Pvt. Ltd.
11.2012 - 05.2016
Sr. Executive
Unitech Property Management Pvt. Ltd
02.2011 - 11.2012
C.A - Accounting, Auditing, Taxation & Law
Institute of Chartered Accountant of India
04.2001 - 11.2011
C.W.A - Costing, Taxation & Law
Institute of Cost & Work Accountant of India
04.2001 - 12.2008
B.COM ( Hons) - Commerce
University of Delhi
04.2001 - 06.2004
12th (Commerce) - Commerce
Bihar Intermediate Educational Council
04.2001 - 07.2001
10th - All Subjects
Bihar School Examination Board
04.2001 - 07.1999