Divi Madhava Rao
Hyderabad
Summary
Dynamic finance professional with extensive experience at WHSmith, Big Bazaar, Spencers Retail excelling in Accounts management, Store finance operations and GST compliance. Proven track record in preparing accurate financial reports and budgets, enhancing cash flow, and resolving complex issues. Skilled in general ledger accounting and effective communication, driving operational efficiency and timely payments.
Overview
18
18
years of professional experience
Work History
Manager – Finance & Accounts
WHSmith
Hyderabad
04.2022 - Current
- Company Overview: Travel News Services India Pvt. Ltd
- Handling PAN-India accounts receivables of the company. Reporting weekly status to the management. Finalizing revenue and reconciliation of sales vs. collection. Focus on and follow up with customer receivables that are 90 days old. Recognizing bad debts and passing entries.
- Accounts are posted following the accrual process, with provisions entered at month-end. Maintaining prepaid books and expenses off balance on a monthly basis.
- Handled accounts payables of the company. Invoice posting, vendor aging report, vendor payments, preparing vendor reconciliation.
- Good knowledge and experience in GST, GST returns GSTR-1, GSTR-3B, GSTR-9, GSTR-2B vs books reconciliation, GSTR-2A vs GSTR-2B reconciliation, and E-Waybills generation.
- TDS working preparation and online returns, with monthly payments on time. 26 AS reconciliation with books.
- Preparing budget and forecast reports.
- Handling operational and capital expenses of the company, verifying with budgets.
- Preparing Profit and Loss statements for all stores and performing ledger scrutiny on a monthly basis.
- Preparing Budget Vs Actual analysis.
- Handling sublease accounting for the company. Issuing invoices for MMG, fixed rent, revenue share, and other utilities to customers, and following up for timely payments.
- Preparing required schedules and reports for the statutory audit.
- Handled store financial operations, including petty cash, CMS cash pickup, EDC-related issues, etc.
- Preparing bank reconciliation and cash flow on a weekly basis.
- Handling all types of queries with the banks (new TID activation, deactivation, dispute, chargeback, refund, short payment, and excess payment).
- Handling revenue audits on a quarterly basis.
- Maintaining the Fixed Asset Register (FAR), calculating depreciation, and passing entries.
- Employee expenses booking, reimbursements verification, and approvals.
- Preparing the working of return filing and processing payments of PT, PF, ESI, and LWF before due dates.
Assistant Manager – Finance & Accounts
WHSmith
Hyderabad
02.2018 - 03.2022
- Company Overview: WHSmith
- Travel News Services India Pvt. Ltd
Senior Executive – Finance & Accounts
WHSmith
Hyderabad
01.2015 - 01.2018
- Purchase Invoice posting in ERP after checking with PO & GRN
- Monitoring collections of Cash, credit card, foreign currency Sales on daily basis and passing entries in ERP.
- Passing bank entries in ERP and preparing reconciliation reports for various locations.
- Reviewing Head Cashiers reports and consolidating.
- Preparing vendor & customer reconciliation on monthly basis.
- Generating customer invoices for sales and follow up for the payments on time.
- Handling stock audits as location stock controller.
- Preparing and checking receivables status and follow up for the same.
- Having experience of handling Petty Cash & Float Cash.
- Handling all type of bank disputes and transactions (Chargeback, short & excess swipe, DD, NEFT, RTGS).
Executive – Finance & Accounts
WHSmith
Hyderabad
05.2012 - 12.2014
- Company Overview: WHSmith
- Travel News Services India Pvt. Ltd
Head Cashier
WHSmith
Hyderabad
11.2011 - 03.2013
- Handling store finance operations.
- Cash declarations and deposits.
- EDC maintenance, batch close, settlements.
- CSA training for POS billing.
- Prepare the Cash Management Report and send it to HO.
- Petty cash handling, voucher entry.
Head Cashier – Finance & Accounts
Future Value Retail Ltd
Secunderabad
08.2010 - 11.2011
- Handling a team of eight cashiers.
- Issuing float to the cashiers and allocating counters.
- CMR, DSR, and petty cash reports are being prepared and mailed to the Zonal Commercial and FKS.
- Handling petty cash and float cash without any difference.
- Counting Sodexo and Accor coupons, and tallying with DSR.
- Handling the cash deposits and tallying with the DSR.
- Taking responsibility for the checkout area and customer queries.
- Handling double-swipe queries.
- Making credit notes for the returned goods.
- Making cashier declarations at the end of their shifts.
- Generating and checking weekly and monthly reports, and mailing them to FKS.
- Making manual bills if needed, and updating them in the system.
- Training new cashiers per the procedure.
Cashier (CSA) & C&A - Commercial
Spencer's Retail Ltd
Musheerabad
07.2007 - 07.2010
- POS billing
- Till cash declarations.
- Adherence to SOP.
- Cash deposits.
- EDC maintenance.
- CMR report preparation
Education
MBA - Finance Management
Venkateshwara Open University
Arunachal Pradesh11-2021
Skills
- Finance and accounts management
- General ledger accounting
- Accounts payable and receivable
- Stores Finance Operations
- GST return preparation
- Month-end closing activities
- Budgeting & Forecasting with analysis
- PF, ESI, and PT payments
- Profit and loss report preparation
- Sublease accounting management
- Bank reconciliation
- Cash flow management
- Tax compliance handling
- Fixed asset register management
- Employee reimbursement processing
- Finance MIS reporting
- Vendor and customer reconciliation
- Problem-solving skills
- Communication efficiency
Languages
- Telugu
- Hindi
- English
Summary
Handling Finance & Accounts functions in the FMCG & Retail Industry with a knowledge and good problem-solving ability and delivering results under pressure. A Team leader & team player with Good communication skills, Task Achiever, Proactive and Polite but firm, a self –initiator., General Ledger Accounting, Handling Accounts Payables & Receivables, GST Return preparation & filing, Month closing activity, Budget Vs Actual Analysis, Preparation of Cost of Goods Sold, PF, ESI & PT payments, Preparing of Profit & Loss accounts, Handling sublease accounting, Fund Management, Bank Reco and cash flow, Handling Tax compliances, Handling Fixed Asset Register, Handling employee reimbursements, Finance MIS Reports, Vendor & Customer Reconciliation
Personal Information
- Father's Name: Divi Panakala Rao
- Date of Birth: 01/28/86
- Marital Status: Married
Accomplishments
- Best Cashier Award
- Best Commercial Employee Award
Languages
Telugu
First Language
English
Upper Intermediate (B2)
B2
Hindi
Upper Intermediate (B2)
B2
Timeline
Manager – Finance & Accounts
WHSmith
04.2022 - Current
Assistant Manager – Finance & Accounts
WHSmith
02.2018 - 03.2022
Senior Executive – Finance & Accounts
WHSmith
01.2015 - 01.2018
Executive – Finance & Accounts
WHSmith
05.2012 - 12.2014
Head Cashier
WHSmith
11.2011 - 03.2013
Head Cashier – Finance & Accounts
Future Value Retail Ltd
08.2010 - 11.2011
Cashier (CSA) & C&A - Commercial
Spencer's Retail Ltd
07.2007 - 07.2010
MBA - Finance Management
Venkateshwara Open University
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