Balachandra Upadhya

Finance professional with expertise in managing financial operations, debtors, and collections. Skilled in financial forecasting, planning, and preparing financial statements in compliance with regulatory standards. Experienced in coordinating with auditors, handling ROC matters, and managing secretarial tasks. Proficient in tax compliance, including GST and direct/indirect tax returns, as well as customs clearance and import/export documentation. Capable of providing global support for finance and accounts and assisting with corporate tax matters.

· Implemented innovative solutions to overcome challenges, leading to enhanced productivity levels

· Utilized data-driven insights to make informed decisions that resulted in higher returns on investments

· Mentored junior staff members for skill development and career progression within the organization

· Enhanced company reputation by driving successful initiatives that addressed client pain points effectively

· Balanced competing priorities efficiently while maintaining focus on critical tasks requiring immediate attention

· Evaluated vendor offerings critically to select the most appropriate partners for delivering desired results at optimal costs

· Reduced costs, optimized resource allocation, and improved efficiency in managing projects

· Collaborated closely with peers from other departments to drive organizational success jointly as one cohesive unit

· Demonstrated exceptional adaptability in navigating complex situations or rapidly changing environments with ease

· Managed budgets effectively, achieving financial objectives while maintaining strict control over expenditures

· Consistently met or exceeded annual performance targets set by senior leadership

· Championed process improvement initiatives that led to significant cost savings without compromising on quality standards

· Managed large-scale projects and introduced new systems, tools, and processes to achieve challenging objectives

· Achieved operational excellence by streamlining processes and implementing best practices

• Implemented new accounting software to automate manual processes, increasing accuracy and efficiency in financial reporting.
• Enhanced internal controls by implementing strict compliance procedures and conducting regular audits.
• Mentored junior finance staff members, fostering a culture of continuous learning and professional development.
• Managed successful implementation of new ERP system which improved interdepartmental communication across all organizational levels.
• Identified areas for improvement within the finance team, leading to increased productivity and reduced errors.

Finance Professional the debtors closely and executing all procedures and systems relating to collections

· Assisting the Finance Head for various functions like financial forecasting and planning

· Facilitating decision-making, managing distribution of funds and developing financial plans to meet requirements

· Ensuring optimal utilization of funds; reviewing the cash position on a regular basis

· Steering preparation of Financial Statements as per revised Schedule VI & Indian Accounting Standards/ GAAP

· Coordinating with Statutory & Internal Auditors

· Creating the Chart of Accounts including Stock and MIS formats budgeting systems and others

· Supervising ROC matters like registration and annual return filing

· Administering secretarial matters like Board Meetings, Drafting Agreements, Maintaining Statutory Registers

· Assisting in filling of direct & indirect tax returns including TDS returns as per the provisions of regulatory tax acts

· Appearing before regulatory tax authorities for assessment and resolution of other issues

· Performing GST compliances filling including the GST Input Credit & Tax Reverse Charge

· Team Handling (21 People are reporting to me) and Heading the Finance and Accounts

· Taking care of Overseas Books of Accounts According to the Provisions of Singapore Regulatory tax Acts

· Taking care of Overseas Books of Accounts According to the Provisions of US Regulatory Tax Authorities Act as per US Law.

· Developed detailed plans based on broad guidance and direction

• Oversaw the preparation of monthly financial statements, ensuring accuracy and timely reporting to stakeholders.
• Implemented new accounting software to automate manual processes, increasing accuracy and efficiency in financial reporting.
• Enhanced internal controls by implementing strict compliance procedures and conducting regular audits.
• Mentored junior finance staff members, fostering a culture of continuous learning and professional development.
• Managed successful implementation of new ERP system which improved interdepartmental communication across all organizational levels.
• Identified areas for improvement within the finance team, leading to increased productivity and reduced errors.
• Established strong relationships with banks and investors, securing favorable financing terms for business growth initiatives.
• Increased financial efficiency by streamlining budgeting processes and implementing cost-saving measures.

· Have been instrumental in supporting the Finance Head with financial forecasting and planning, ensuring optimal fund utilization, and regularly reviewing cash positions. Also enhanced th MIS networking system through robust data recording and reporting. Additionally, involved in tax return filings, including TDS returns, and have effectively managed a team of three people

· Assisted in organizing and overseeing assignments to drive operational excellence

· Developed detailed plans based on broad guidance and direction

· Successfully managed budgets and allocated resources to maximize productivity and profitability

· Used industry expertise, customer service skills and analytical nature to resolve customer concerns and promote loyalty

Trained personnel in equipment maintenance and enforced participation in exercises focused on developing key skills

• Reviewed documentation and identified financial discrepancies where applicable.
• Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
• Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
• Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
• Mentored junior finance staff, fostering professional development and strong team dynamics.
• Processed invoices and contacted appropriate parties for timely payment receipt.
• Optimized cash flow with diligent monitoring of accounts receivable and payable.
• Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
• Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
• Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
• Strengthened internal controls through regular audits and adherence to regulatory requirements.
• Completed filings and upheld strict compliance with regulatory agencies and supervisors.

Finance Manager with extensive experience in managing finance, accounting, and costing functions, implementing measures to improve efficiency, and ensuring optimal fund utilization. Proficient in financial forecasting, planning, and distribution of funds. Skilled in monitoring pre and post-shipment finance, preparing MIS and financial statements, and overseeing debtors and collections. Experienced in assisting the Finance Director, coordinating with auditors, and handling ROC and secretarial matters. Knowledgeable in tax compliance, including GST.

· Conducted thorough market research to identify opportunities for expansion or improvement within the industry landscape.

· Measured success through data-driven analysis of key metrics, making informed decisions about future strategic direction based on findings.

· Developed strong relationships with stakeholders to facilitate smooth communication and project completion.

· Identified areas for improvement within the department, implementing strategic initiatives to address gaps in performance or resources.

· Oversaw daily operations of the department, ensuring maximum productivity and adherence to company policies.

· Implemented new systems for tracking key performance indicators, resulting in improved decision-making capabilities.

· Improved team efficiency by streamlining processes and implementing innovative management strategies.

· Reduced operational costs through effective negotiation with suppliers and vendors.

· Conducted audits annually to keep store presentable and functional

• Managed and motivated employees to be productive and engaged in work.
• Accomplished multiple tasks within established timeframes.
• Maintained professional, organized, and safe environment for employees and patrons.
• Enhanced customer satisfaction by resolving disputes promptly, maintaining open lines of communication, and ensuring high-quality service delivery.
• Controlled costs to keep business operating within budget and increase profits.
• Communicated clearly with employees, suppliers and stakeholders to keep everyone on same page and working toward established business goals.
• Developed a strong company culture focused on employee engagement, collaboration, and continuous learning opportunities.
• Managed budgets effectively, ensuring optimal financial performance while investing in necessary resources for business growth.

Finance Manager proficient in overseeing daily account transactions and maintaining accurate accounting records. Skilled in reconciling general ledger accounts, managing collections and payments with banks, and preparing bank reconciliation statements. Proven track record of monitoring debtors' age-wise analysis and ensuring timely vendor payments. Expertise in coordinating with auditors, assisting in tax returns filing, and developing financial statements for management review. Strong background in sales tax and income tax assessments

· Established robust risk mitigation strategies to safeguard against potential operational challenges or disruptions

· Developed a strong company culture focused on employee engagement, collaboration, and continuous learning opportunities

· Optimized resource allocation by conducting regular performance evaluations and providing personalized coaching for staff development

· Managed budgets effectively, ensuring optimal financial performance while investing in necessary resources for business growth

· Reduced operational costs through comprehensive process improvement initiatives and resource management

· Streamlined workflows by identifying bottlenecks in existing systems and implementing appropriate solutions

· Built high-performing teams through effective recruitment, onboarding, and talent development initiatives

· Cultivated partnerships with external stakeholders to maximize business opportunities and extend network reach within the industry sector

· Achieved departmental goals by developing and executing strategic plans and performance metrics

· Accomplished multiple tasks within established timeframes

· Optimized resource allocation by conducting regular performance evaluations and providing personalized coaching for staff development.

· Established robust risk mitigation strategies to safeguard against potential operational challenges or disruptions.

• Strengthened internal communication channels between finance team members through regular meetings and collaborative tools.
• Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
• Mentored junior staff members, fostering a supportive work environment that encouraged professional growth.
• Oversaw the month-end closing process, ensuring timely and accurate financial statement preparation.
• Negotiated favorable contract terms with vendors, leading to cost savings throughout the organization.
• Managed cash flow effectively by optimizing working capital management practices and forecasting future needs accurately.
• Spearheaded annual audit process, liaising with external auditors to ensure smooth completion of requirements within deadlines.
• Managed budgeting process for multiple departments, resulting in more efficient resource allocation.

· Finance Specialist with extensive experience in overseeing daily account transactions, maintaining accurate accounting records, and reconciling general ledger accounts. Skilled in managing collections and payments transactions with banks, preparing bank reconciliation statements, and planning cash requirements for optimal fund utilization. Proficient in monitoring debtors' age-wise analysis, preparing outstanding statements, ensuring timely vendor payments, and reconciling vendor accounts. Experienced in participating in monthly inventory physical counts, coordinating with auditors, and assisting in tax returns filing. Strong background in developing financials, profit & loss accounts, and balance sheets for management review. Expertise in steering sales tax and income tax assessments

· Established robust risk mitigation strategies to safeguard against potential operational challenges or disruptions.

• Managed payroll operations for team of [Number] employees.
• Generated financial and operational reports to assist management with business strategy.
• Implemented efficient billing procedures to reduce outstanding receivables and improve cash flow.
• Collaborated with purchasing department to reconcile vendor invoices and facilitate payments.
• Increased account profitability by identifying areas for cost reduction without sacrificing quality or service levels.
• Completed filings and upheld strict compliance with regulatory agencies and supervisors.