Summary
Overview
Work History
Education
Skills
Personal Information
Timeline
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Balaji B

Chartered Accountant
Chennai

Summary

A qualified chartered accountant currently working as Deputy Manager-Finance with over 4 years of experience in Finance, Accounting, Auditing & Taxation Strong background in managing all aspects of Finance including accounting, taxation, audits, financial reporting & regulatory compliance Skilled in performing successful risk based internal/statutory audits across processes with impressive success in designing robust control mechanisms for financial reporting Expertise in managing fixed assets, bad debts provisions, banking & cash transactions, working capital, audits, and statutory compliance matters Working knowledge of auditing process and methodologies like, walkthrough, testing procedures Able to crystalize issues, impact, validate issues and identify key root causes Trained in conduct audits with minimum supervision Talented at organizing, analyzing and managing large quantum of data Basic knowledge of SAP, IT general and application controls and strong at audit execution skills Good oral, written communication skills and audit documentation skills Dynamic, self-starter, adaptable & collaborative with strong will to take challenges; possess strong planning, communication, analytical & problem-solving skills

Overview

8
8
years of professional experience
20
20
years of post-secondary education

Work History

Deputy Finance Manager

National Life General Insurance Support Services PVT LTD
09.2024 - Current

Key Responsibilities:

  • Preparation and finalization of financialsstatement as per applicable financial reporting framework.
  • Prepared and reviewed monthly budgets; computed key financial ratios to support billing and inter-company transactions within the group.
  • Performed cost-benefit analysis to support strategic initiatives and operational efficiency.
  • Coordinated with internal auditors and statutory auditors for the successful completion of audits, ensuring the timely resolution of audit queries and compliance with audit requirements.
  • Managed secretarial responsibilities, including organizing Board Meetings, Annual General Meetings (AGMs), and related corporate governance functions.
  • Administered and finalized payroll processing for the organization, ensuring accuracy and compliance.
  • Supported strategic decision-making with thorough financial analyses, highlighting key performance indicators and areas for improvement.
  • Improved financial reporting accuracy by streamlining processes and implementing automated systems.
  • Managed payroll processing to ensure timely disbursement of employee salaries while adhering to tax regulations and labor laws.
  • Implemented effective internal controls to safeguard company assets, minimizing risks of fraud or misappropriation.
  • Developed and maintained strong relationships with banking partners, securing favorable interest rates and credit terms for the organization.
  • Optimized cash flow by diligently managing accounts receivable and payables, ensuring timely collections and payments.
  • Streamlined month-end closing procedures, reducing time taken to produce accurate financial statements.
  • Developed comprehensive annual budgets in collaboration with department heads, aligning resource allocation with organizational goals.
  • Reviewed documentation and identified financial discrepancies where applicable.
  • Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
  • Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
  • Prepared quarterly Related Party Disclosures for group companies as per IAS 24.
  • Oversaw monthly closing activities for Accounts Payable and Accounts Receivable for group entities, ensuring accuracy and completeness.
  • Handled a team of seven members and reviewed their weekly and monthly closure activities.

Audit Manager

Sundaram & Srinivasan Chartered Accountants
06.2023 - Current
  • Conducted thorough statutory audits for various clients across different industries, ensuring compliance with applicable laws, regulations, and Ind accounting standards.
  • Led audit engagements from planning to completion, including risk assessment, substantive testing, and preparation of financial statements and audit reports.
  • Collaborated with client management and key stakeholders to understand business processes, identify areas of improvement, and provide valuable recommendations for enhancing internal controls and operational efficiency.
  • Conducted detailed tax audits to verify the accuracy and completeness of tax filings, ensuring compliance with relevant tax laws and regulations.
  • Effectively communicated audit findings, recommendations, and potential issues to client management and engaged in constructive discussions to resolve any concerns or discrepancies.
  • Managed audit teams and coordinated with internal and external stakeholders to ensure timely completion of audit engagements and deliver high-quality audit services.

Senior Accountant

Integra Global Solutions
08.2022 - 03.2023
  • Working on Bookkeeping and Accounting for Canadian and US Clients.
  • Preparing & reviewing monthly financial statement, monthly accrual/deferred journal posting.
  • Processing and reviewing semi-monthly/monthly payroll.
  • Formulating Monthly/Quarterly Sales tax as per the client requirement.
  • Ensuring reclassification & accounting of wrong or unaccounted entries prior to closure of the General Ledger.
  • Preparing & finalizing financial reports, such as Trial Balance, Profit & Loss Account, Balance Sheet, General & Subsidiary Ledgers, Vouchers, Salary Payments; passing monthly closing entries & calculating amortization.
  • Working with the Finance Controller in the preparation of annual budgets, monthly forecasts, and strategic plans.
  • Tracking inflow & outflow of funds; managing the company’s cash flow plan and maintaining adequate liquidity.
  • Executing bank reconciliation activities; conducting daily revaluation process and calculating profits.
  • Ensuring timely realization of debtors and monitoring payments made to vendors; tracking accounts receivable / payable accruals and conducting reconciliation of accounts receivable / trial balance to the general ledger.

Senior Audit Associate

ASA & Associates LLP
11.2021 - 07.2022
  • Studied and reviewed the internal controls with respect to the preparation and presentation of financial statements.
  • Analyzed the efficiency in operations and making recommendations for improvements.
  • Verified financial statements and preparation of tax audit reports.
  • Detailed analysis of financial statement items such as fixed assets, cash and bank, stock, expenditure & so on.
  • Adhered to the internal audit methodology for consistent quality in audit execution.
  • Developed risk control matrix for in scope audit and testing strategies in consultation with Manager.
  • Performed process risk assessments, walkthrough and testing on time.
  • Analyzed data to identify impact/ value at risk for issues.
  • Validated issues with process owners.
  • Maintained audit documentation as per internal audit methodology.
  • Actively supported to peers and broader team for audits and internal audit initiatives.
  • Periodically communicated status, escalate challenges and findings to Manager.
  • Followed up with respective stakeholders for status of open audit observations.

Articleship

Narasimhan and Srinivasan Chartered Accountants
03.2017 - 03.2020

Education

Finance

The Institute of Chartered Accountants of India
Chennai, India
04.2001 - 01.2021

B.Com. - undefined

University of Madras

CA Inter - IPCC Group 2

ICAI

CA Inter - IPCC Group 1

ICAI

CA CPT - undefined

ICAI

Skills

  • Monthly Account Reconciliation
  • Budgeting
  • Forecasting
  • Financial Analysis & Planning
  • MIS Reporting & Documentation
  • Inter-company & Bank Reconciliation
  • Accounts Receivables & Payables
  • Client Relationship Management
  • Cross-Functional Coordination
  • Team Building & Leadership
  • Cash Flow & Fund Flow Management
  • Internal Audit
  • Statutory Audit

Personal Information

Date of Birth: 03/02/96

Timeline

Deputy Finance Manager

National Life General Insurance Support Services PVT LTD
09.2024 - Current

Audit Manager

Sundaram & Srinivasan Chartered Accountants
06.2023 - Current

Senior Accountant

Integra Global Solutions
08.2022 - 03.2023

Senior Audit Associate

ASA & Associates LLP
11.2021 - 07.2022

Articleship

Narasimhan and Srinivasan Chartered Accountants
03.2017 - 03.2020

Finance

The Institute of Chartered Accountants of India
04.2001 - 01.2021

B.Com. - undefined

University of Madras

CA Inter - IPCC Group 2

ICAI

CA Inter - IPCC Group 1

ICAI

CA CPT - undefined

ICAI
Balaji BChartered Accountant