CA ANNAPURNA DESU
Hyderabad
Summary
Qualified Chartered Accountant with over 12 years of experience, a proven background in corporate finance, direct and indirect taxation, financial reporting, and extensive experience in leading financial functions. Expertise in managing audits, compliance, and financial analysis. Proven ability to lead financial teams and drive process improvements in dynamic environments, in compliance with Ind AS and IFRS. As an experienced manager in finance and accounts, I excel in variance analysis, decision-making, and leading teams to achieve financial accuracy and efficiency. With a proven track record of optimizing financial operations and implementing strategic initiatives, I am adept at utilizing SAP FICO and Winman systems. My strong leadership skills and analytical acumen ensure effective financial management and reporting, driving business success through precise financial insights and informed decision-making.
Overview
18
18
years of professional experience
Work History
Finance Accounting consultant
Verizon Data Services(India)Pvt Ltd
03.2020 - Current
- Trained and supervised a team of 8 finance professionals, improving overall team performance
- Negotiated high-value contracts with suppliers, achieving a 6% cut in supply costs through strategic sourcing techniques
- Collaborated with auditors in the preparation of Internal Controls over Financial Reporting (ICFR)
- Handle TDS payments and filing of quarterly returns with the Income Tax Department
- Handle Income tax notices and Assessments
- Coordinate with auditors for various audits including Tax Audit, Statutory audit, Internal Audit
- Drive continuous process improvement initiatives, preparation of DTP process documents, working with Work Day project teams
- Reviewed employee salary disbursements and exit settlements for timely and accurate disbursements
- Coordinate with Actuarial valuer for employee Benefit valuations
- Coordinate with insurer for employee group Insurance
- Prepared MIS reports and shared to cross functional finance teams
- Maintenance of Gratuity trust
- L1 travels taxation and return filings
- Got 4 Awards in Vz for payroll automation and digitalization of pay elements, L1 travel policy stream lining, Collection of long pending recoveries and team collaboration
Manager – F&A
Deccan Fine Chemicals(India)Pvt Ltd
03.2019 - 02.2020
- Company Overview: Deccan Fine Chemicals(India)Pvt Ltd is engaged in the activity of contract manufacturing of Agro Chemical Active ingredients and Fine Chemicals having operating units at Tuni in Andra Pradesh, Ankaleshwar in Gujarat Corlim in Goa
- Handled GST payments and monthly returns, GST audits and SEZ refund process with GST department
- Lead monthly book closure process ensuring timely completion
- Coordinate with GST auditors for GST Audit and Scrutiny assessments
- Manage Audits with Big 4 auditors for year end financial closure and ICFR compliance
- Preparation of Annual Reports & Board Reports and Filing of corporate tax returns
- Reviewing and authorizing the Payments with respect to vendors, capitalizations
- Ensuring that the capitalization process is in accordance with IND AS 16
- LUT filings, QPR and APR submissions
- Review of inventory valuation and supervised fixed asset management
- Conducted Due diligence audit with MNC bankers
- Coordinated with Insurance brokers and insurers for Employee group policies, Plant and Marine insurances
- Maintenance of Insurance policy schedule for tracking renewals
- Deccan Fine Chemicals(India)Pvt Ltd is engaged in the activity of contract manufacturing of Agro Chemical Active ingredients and Fine Chemicals having operating units at Tuni in Andra Pradesh, Ankaleshwar in Gujarat Corlim in Goa
Assistant Manager( Finance & Accounts)
Evertogen Life Sciences Limited
05.2018 - 02.2019
- Company Overview: Evertogen Life Sciences Limited is a Hyderabad based pharma Manufacturing company developing FPI’s having SEZ unit at Jadcherla
- Preparation of Monthly Financials by coordinating cross functions for book closure
- Maintenance of Insurance Policy Schedule and submission of monthly Stocks and Purchases declarations
- Monitoring stock balances, property valuations, entrance and exit of employees etc
- For proper coverage of insurance
- Submission of QPR, APR informations for SEZ
- Reconciling the Revenues Domestic and Export etc
- And Taking care of BRCs, Export incentives and promotion schemes like MEIS and SEIS etc
- Working with operation teams like Business Development, Marketing and Purchase teams for Budgeting and forecasting of yearly Sales and Revenues and periodic reconciliations with Actuals
- Statutory payments PF, ESI, PT and maintained compliance tracker
- Direct and Indirect taxation –
- Monthly TDS, TCS, GST payments and Return filings
- Advance tax computation and payments
- ITR return filing
- Co-ordinating with Auditors for Statutory, Tax Audit and internal Audits for smooth closure and for Closing pending Assessments
- Representation before Statutory Officials for Assessments
- Reporting to Management on statutory and SEZ compliances
- Evertogen Life Sciences Limited is a Hyderabad based pharma Manufacturing company developing FPI’s having SEZ unit at Jadcherla
Deputy Manager( Finance & Accounts):Taxation and GL
Optival Health Solutions Pvt Ltd
05.2013 - 05.2018
- Company Overview: Optival Health Solutions Private Limited is a Hyderabad based pharma trading company working as in the name and style of Medplus( subsidiary of Medplus) having 13 Associated companies, 13 branches and 1200 outlets across Pan India
- It’s overall turnover is 2500+ crores and more than 10000 employees
- Monthly TDS payments and Return filings for Salary and non salary
- Monthly VAT payments and return filing for various states
- Review of Service tax, excise duty and customs duty ledgers and providing autorizations for payment
- Filing of monthly and halfyearly returns
- Variance analysis of vendor budgets with Actual payments
- Ensuring all statutory compliances are adhered on timely basis (GST, TDS, Advance tax, PF,ESI,PT etc.), maintenance of tax calendar
- Representation before Income tax/Service Tax officials to complete the pending assessments
- Associating with internal/Statutory/Tax audit teams for smooth completion of Audits
- Team member of ERP ( Oracle based) development team
- Reviewing Revenue accounts, schedules and reconciliations to ensure compliance with appropriate accounting policies (I-GAAP)
- Inventory valuation and Gross margin reconciliations and inventory write off
- Preparation of monthly financials and payment of Advance tax quarterly
- Monitoring of Sales, Purchases, Expenses, AR, AP, Inventory and other key Performance parameters
- Maintenance of Fixed Asset register, Loans and Advances Analysis statement
- Implementation of GST and formulation of standard formats for ease filing of monthly GST Returns
- Filing of Income Tax Returns of group companies
- Giving Training to our team on statutory updates
- Optival Health Solutions Private Limited is a Hyderabad based pharma trading company working as in the name and style of Medplus( subsidiary of Medplus) having 13 Associated companies, 13 branches and 1200 outlets across Pan India
- It’s overall turnover is 2500+ crores and more than 10000 employees
Audit Manager
K.S.Rama Krishna &co
04.2012 - 04.2013
- Preparation of income tax returns for individuals, partnership firms and private companies
- Conducted Tax Audits and filing for individuals, partnership firms and private companies
- Preparation of Projections, CMA data, Project reports for the purpose of Working capital Loans and Term Loans
- Handled Various Scrutiny Assessments, MCA Filings, ROC
- Preparation of Financials for Various Companies
- Team Leader of Revenue Audit Team for Syndicate Bank
- Assisted with statutory audits and internal audits and Assist Principal in finalizing the audit
- Played a Key role as a team member in central statutory audit of Nationalized Banks
- Perform Audit for various Trusts, Societies, Charitable institutions and Educational Institutions
- Preparation of Audit Plan and ensure completion of the same within the time
- Drafted Audit Reports as per the new reporting requirements of Companies Audit Report Order, 2015 (CARO)
- Analyzed Stock and Stores - Identification procedures for Slow Moving, Non Moving and Obsolete items, analysis of Purchase Procedure
- Preparation and review of BRS, Stock, Vendor reconciliations
Article Assistant
Y.V.Jagannadha Rao & co
Vijayawada
09.2007 - 09.2010
- Provided administrative support, including preparing engagement letters and managing documentation.
- Conducted audits in coordination with senior team members, verified adherence to audit scope and timelines and performed analytical audit reviews to confirm accuracy.
- Compiled and presented reports on client financial status and audit results.
- Prepared financial statements in accordance with Generally Accepted Accounting Principles.
- Analyzed balance sheets for mistakes and inaccuracies.
Education
Chartered Accountant -
01-2012
Bachelor of Commerce -
03-2008
Skills
- Financial Reporting and Analysis
- Internal Controls
- Direct taxation
- Indirect taxation: GST
- Forecasting and budgeting
- Leadership
- Strategic Planning
- Audits and assessments
Accomplishments
- Identified areas of process improvements in management reporting.
- Created Standard Operating Procedures (SOP) for accounting and reporting processes.
- Developed a presentation format for monitoring expenses and sales.
- Introduced group tax calendar for statutory compliance.
- Successful closure of Income tax appeal at ITAT, winning the case and obtaining a refund of 8 crores.
- Suggested control framework for better work environment.
- Secured State 2nd Rank in intermediate examination in 2005.
- Won National Merit scholarship and Telugu Academy Awards.
- Received 7 spotlight awards in Verizon.
Languages
- English
- Telugu
- Hindi
Disclaimer
I hereby declare that all the above information is true to the best of my knowledge.
Timeline
Finance Accounting consultant - Verizon Data Services(India)Pvt Ltd
03.2020 - Current
Manager – F&A - Deccan Fine Chemicals(India)Pvt Ltd
03.2019 - 02.2020
Assistant Manager( Finance & Accounts) - Evertogen Life Sciences Limited
05.2018 - 02.2019
Deputy Manager( Finance & Accounts):Taxation and GL - Optival Health Solutions Pvt Ltd
05.2013 - 05.2018
Audit Manager - K.S.Rama Krishna &co
04.2012 - 04.2013
Article Assistant - Y.V.Jagannadha Rao & co
09.2007 - 09.2010
Institute of Chartered Accounts of India - Chartered Accountant,
Acharya Nagarjuna University - Bachelor of Commerce,
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