CHINNA REDDY

• Solera group ( Handling Solera India entities)
• Periodically improve and document all accounting control procedures, identifying system issues and making suggestions for improvements
• Execute accurate reporting, enabling the department to analyze options and make financial recommendations that align with company objectives
• Gather all necessary reports and detailed support both periodically and on-demand, including balance sheets, profit and loss statements, revenue forecasts, budgets, and cash-flow statements
• Ensure the integrity of accounting information and reconcile any financial discrepancies by performing or directing forensic research of accounting issues for compliance, and establish quality over transactions and reporting
• Review and reconcile the general ledger, identifying and thoroughly investigating any discrepancies and taking the proper corrective actions to resolve them
• Conduct month-end, quarter-end, and year-end close processes to verify all entries have been created and posted, ensuring completeness, accuracy, and cohesiveness of information
• Support finance partners in the implementation of valuation models, development of ongoing measurement, tracking performance versus expectations, and providing recommendations for corrective actions
• Proactively provide view of risks/opportunities and other forward-looking information to mitigate risk
• Execute daily activities related to ledger entries, reconciliations - Review monthly balance sheet, P&L, and cash-flow statements prepared by accounting firms
• Track the actual metrics against the plan and recommend actions

Clients:

1. SmartDrive India Private Limited

2. Mycom OSI Group companies

3. Synup Corporation & Synup India

4. Bartleby Technologies Pvt. Ltd

Financials

• Led monthly book closure, reviewed profit and loss statements, and prepared financial reports for management.
• Conducted regular reviews of accounts payable, accounts receivable, fixed assets, and general ledger, ensuring accuracy and addressing any discrepancies.
• Analyzed monthly financials using detailed variance analysis on costs and revenues, providing insights to improve financial performance.
• Prepared financial statements in accordance with IGAAP and provided necessary notes for statutory audit purposes.
• Created monthly Business Unit presentations with comprehensive analysis of cost elements, revenues, and budget vs actuals, presenting them to BU leaders within specified timelines.
• Developed detailed annual budgets, including business unit and expenditure-wise planning with supporting schedules.
• Coordinated with statutory and internal auditors for timely completion of audit certification and limited review processes.
• Reconciled intercompany transactions and related party transactions, ensuring compliance and providing checklists to group companies.

Income Tax Compliance:

• Prepared advance tax workings and submitted them to management for timely payment as per Income Tax Act.
• Calculated provisions for income tax and deferred tax to facilitate financial closure.
• Collaborated with tax consultants for filing annual returns and provided necessary information for assessments and notices.
• Ensured accurate and timely filing of quarterly TDS returns and issued Form 16 A.

GST Compliance:

• Filed monthly returns including GSTR-1, GSTR-3B, and GSTR-9, reconciling them with books of accounts.
• Reconciled input tax credit with GSTR-2A, taking appropriate actions on unreconciled items.
• Addressed routine queries raised by the department and submitted required details.
• Ensured GST refunds compliance for export-related transactions.

Other Responsibilities:

• Maintained RCMs and ensured STPI compliance.
• Managed fixed asset accounting, including asset creation, depreciation, and retirement/sales.
• Reviewed and reconciled monthly statutory compliances such as TDS, PF, and PT.
• Identified issues with Oracle ERP and collaborated with the support team to resolve them.
• Provided ad hoc management reporting as needed.

Client:

Reckitt Benckiser Group PLC

Key Result Areas (R2R process):

• Monthly, Quarterly & Yearly closing books of account Intercompany
• Performing various month end activities including AP-AR postings, Intercompany AP-AR balance confirmations, Preparation and posting of various journals, Fright Top down distribution, Material Ledger Run and Payment Runs, banking open items clearing, GRNI reports, Updating Exchange rates, Changes in Asset Master record & Depreciation Run in SAP etc
• Controller for all the SOPs for the assigned activities which also includes creation/amendment/deletion of any SOP
• Awarded with ” Employee of the Quarter Award” for Significant contribution and improvement in the process.

• Industrial Trinee) & K R, CA Articleship)
• The period of work has helped me develop my skills in areas such as Statutory Auditing Compliances, Internal Audit Compliances and Internal Control Coordinating with the internal management
• Experience in conducting various Tax Audits for individuals, firms, Non-Profit Organization, Bank Audit, etc
• Income Tax, Service Tax, VAT Audit, Statutory Audit, Tax planning related areas
• Preparation of Computation of Income and Income Tax Returns for Various kinds of assesses
• Preparation of submissions against notices received from the income-tax authorities during the assessment and appeal proceedings
• Performed monthly and yearly charts of different ratios of accounts
• Preparation of various kind of Projection Reports.