Overview
Work History
Education
Skills
Certificates Awards Achievements & Hobbies
Timeline
Generic

CA MITRAKUMAR KOLA

Bangalore

Overview

6
6
years of professional experience

Work History

Sr. Executive - BFM- Americas-1

Wipro Ltd
Bangalore
04.2024 - Current
  • Prepared annual and quarterly budget plan for customers from the healthcare, consumer and life sciences, communications, media, and information services sectors in the cloud Infrastructure business by understanding individual customer contracts and their underlying commercials.
  • Closed monthly and quarterly revenue as per IFRS 15, and cost. Closed books of accounts in accordance with IFRS. Performed variance analysis for revenue and cost after month closure: Actual vs. estimates.
  • Achieved a 2-5% improvement in the margin of each customer and sector through people costs, pass-through cost optimization (cost levers), and zero-cost CRs, DLG, and renewals (revenue levers).
  • Managed working capital, including unbilled reduction, ensured timely invoicing and collection, PDD, and reduced manual entries.
  • Conducted due diligence for the renewal and amendment of contracts with customers and vendors. Accomplished in converting pipeline deals into order bookings by negotiating commercials with customers.
  • Achieved $500K cost optimization by analyzing the deal solution versus the actual deployment of the people mix,
  • Prepared MIS for the leadership and stakeholders after month closure.

Sr. Executive- BFM- APMEA

Wipro Ltd
Bangalore
03.2023 - 04.2024
  • Managed revenue, margins, and billing of the customer based out of Middle East, Japan, India and, Africa for cybersecurity business, having $30Million quarterly business size.
  • Assessed gross margin improvement levers of low-margin or loss-making accounts by drawing comparisons between deal versus actual margins, and suggested various other cost optimizations in the accounts. This Resulted in 4-5% QoQ margin improvements.
  • Reduced manual entries by 90% in the Middle East sector customers through understanding the system, process, and collaborating with delivery before month-end closure. Achieved a system solution for manual revenue.

Article Assistant

Ram raj & Co Chartered Accountants
Bangalore
09.2019 - 04.2022
  • Independently executed the internal audit of the Procurement, Sales, HR, and Stores departments of three divisions of a public sector undertaking, with a turnover of Rs. 24,000 crores.
  • Identified and moved the non-moving stocks to another division, and thereby achieved efficiency in stores. Discussing audit observations with signing authority and manager.
  • Conducted a statutory audit of companies in accordance with auditing standards, adhered to IFRS, and followed the disclosure requirements as per Schedule III, reporting under CARO 2020, and other applicable laws.
  • Independently conducted tax audits of private companies with turnover ranging from Rs 2 crores to Rs 50 crores.
  • Managed notices from the Director General of GST Intelligence and Income Tax authorities, as per the Income Tax Act of 1961, and involved in advisory and compliance in relation to the IT Act and GST Act.
  • Prepared financial statements and books of accounts for corporates as per Schedule III and IND AS, and preparation of reconciliation statements for bank, debtors, and creditors accounts.
  • Executed a performance audit for the Jan Shikshan Sansthan scheme under the Ministry of Skill Development and Entrepreneurship, and an Internal audit & performance audit for NACO under Ministry of Health and Family Welfare in India. And a Forensic Audit, as per court directions.
  • Independently controlled a team of five people in credit audit engagements and Managed concurrent audits for public sector bank branches in Bangalore: IOB, BOI, Union Bank, and SBI.

Education

Chartered Accountancy -

ICAI
11.2022

Class XII -

Andhra Pradesh State Board
Rayachoty
05.2017

Skills

  • SAP HANA, Power BI, MS Office, Xero, Quick Books

Certificates Awards Achievements & Hobbies

  • Received a certificate by successfully completing the Wipro cohorts' program
  • Awarded as the best execution hubs in the margin improvement category in June 2024, Wipro Finance Awards
  • Best article assistant award from Ramraj & Co. Chartered Accountants for performing excellent work during the article ship period
  • Interest in playing the flute, playing badminton, playing cricket

Timeline

Sr. Executive - BFM- Americas-1

Wipro Ltd
04.2024 - Current

Sr. Executive- BFM- APMEA

Wipro Ltd
03.2023 - 04.2024

Article Assistant

Ram raj & Co Chartered Accountants
09.2019 - 04.2022

Chartered Accountancy -

ICAI

Class XII -

Andhra Pradesh State Board

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