CA Venkata Sai Kumar Desu
Bangalore
Summary
Throughout my career, I have developed a thorough expertise in financial operations that support organizational growth and compliance. My blend of technical accounting skills and practical experience allows me to effectively lead processes from month-end closures to strategic financial analysis, ensuring accurate and timely financial reports.
Overview
10
10
years of professional experience
Work History
Process specialist (RTR)
Cargill Business Services
Banglore
05.2023 - Current
- Month-End Close: Executed month-end closing activities, including general ledger reviews, journal entry verification, and discrepancy resolution within Record-to-Report (R2R) frameworks.
- Cross-Functional Collaboration: Collaborated with P2P (Procure-to-Pay), O2C (Order-to-Cash), and Trade Execution teams to ensure timely completion of month-end activities and effectively resolve process issues.
- Management Reporting: Executed revaluation and currency translation in compliance with IFRS standards. Delivered accurate monthly Profit & Loss statements and Balance Sheets to business controllers for strategic decision-making, and conducted detailed variance analysis to identify financial trends and provide actionable insights to senior management.
- Treasury & Cash Management: Managed treasury and cash operations by processing multi-currency payments and receipts, validating transactions against vendor and customer accounts, and performing monthly reconciliation of cash management balances with treasury records.
- Lease Accounting Responsibilities: Managed end-to-end lease accounting processes, including coordinating with business teams for agreements, validating applicability, and ensuring accurate lease creation in Tririga Portal. Reviewed month-end entries for compliance with IFRS, reconciled ROU assets and lease liabilities with Tririga Schedules, and prepared Notes to Accounts for accurate disclosure.
- Custom Duty Accounting: Coordinated with Trade Execution and PRTP teams on customs duty payment and accounting processes, validated open customs duty liabilities, and ensured timely accounting through follow-ups with internal teams. Managed accounting for export incentive schemes including RODTEP, ROSCTL, MOOWR, and Advance Authorisation.
- Balance Sheet Reconciliation: Oversaw complex schedules for Accruals -Others, Brokerage, Rebates, AR/AP, and Custom Duty; led meetings to resolve aged items and improve accounting timeliness.
- Intercompany Reconciliations: Implemented standardized intercompany reconciliation processes, enhancing accuracy of transactions and ensuring timely balance confirmations.
- Fixed Asset Management: Maintained the Fixed Asset Register (FAR) and ensured seamless alignment between sub-ledgers and the general ledger in SAP.
- Financial Reporting & Audit Management: Oversaw financial reporting and audit management, ensuring timely statutory audit closure through effective coordination with auditors and internal stakeholders. Produced IFRS & Ind AS-compliant annual financial statements and streamlined finance operations.
Deputy Manager (Finance Departments)
Varun Beverages Ltd
Chennai
08.2021 - 05.2023
- Rich experience in entire gamut of accounting & finance operations entailing preparation & maintenance of books of accounts as per IND AS and administering the finalization of year-end financial statements.
- Experience in performing monthly closing activities involving in finalization of monthly accounts and preparation of Balance Sheet and Profit & Loss statement of the Plant.
- Responsible for timely completion of Statutory & Internal audit by Coordinating with team.
- Monitoring and reporting of financial performance of plant & warehouses includes Working capital, COGS /COMS Report, Raw material & packing material Yield Report, Power & Fuel with their respective KPI.
- Responsible for explaining Cause of Change (COC) between Actuals and Budgeted numbers.
- Preparing Annual Operation Report (AOP) for Plant and Warehouse's submitting to the Management.
- Inter-Branch Reconciliations of Inventory Transfers & Balances.
Specialist (Finance Departments)
Olam Information Services Pvt Ltd
Chennai
03.2020 - 08.2021
- Preparing and presenting monthly & quarterly financial statements to Top Management as per IFRS.
- Responsible for Monthly book closer, preparation and posting of journal entries.
- Monthly Preparation of Overhead, Gross profit Variance with budget.
- Preparing monthly & Annual Capital & Revenue Budget & Forecasting for entity and submitting to the Management.
- Reviewing the General Ledger on monthly basis and identifying the any corrective action required and submit to the Management.
- Fixed assets accounting (Capitalization, sale & retirement, Monthly Depreciation & Amortization calculations).
- Mark To Market / Fair value accounting of closing stock, sales & purchases orders.
- Intercompany Reconciliations, Inventory Accounting (Movements and reconciliation with physical stock).
Audit Assistant
R.P. Madhu & Co Chartered Accountants
Chennai
01.2016 - 12.2018
- Team member for Statutory audit, Finalization of annual accounts for various Private limited companies in construction Industry.
- Knowledge in preparing Financial Statements of various companies as per Schedule-III of companies act in compliance with Accounting Standards and Ind AS.
- Team member in Branch Statutory Audit assignments of State Bank of India.
- Involved in corporate as well as individual tax consultation and finalization of Income Tax Returns and Tax Audit Reports.
- Preparation of Financial Projections Reports for Term Loans and Working Capital Loans.
Education
Chartered Accountant -
Institute of Chartered Accountants of India
11.2019
Bachelor of Commerce -
Indira Gandhi National Open University
06.2021
Skills
- ERP accounting packages like SAP Finance, Tally
- Microsoft Office (Excel, PPT)
- Power BI
- Cartesis (SAP Financial Consolidation)
- TRIRIGA
- Blackline
- SAP Central Finance (CFIN)
Affiliations
Preparing Financial Statements as per IND AS & IFRS.
Personal Information
Date of Birth: 14th Oct'1996
Languages
- Telugu
- Tamil
- English
- Hindi
Timeline
Process specialist (RTR)
Cargill Business Services
05.2023 - Current
Deputy Manager (Finance Departments)
Varun Beverages Ltd
08.2021 - 05.2023
Specialist (Finance Departments)
Olam Information Services Pvt Ltd
03.2020 - 08.2021
Audit Assistant
R.P. Madhu & Co Chartered Accountants
01.2016 - 12.2018
Chartered Accountant -
Institute of Chartered Accountants of India
Bachelor of Commerce -
Indira Gandhi National Open University