Balaji B

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.

• 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.

• 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.

• 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.