HEMANTH KUMAR DN
Bengaluru
Summary
- Accomplished finance professional with over a decade of expertise in Accounts, Audit, Taxation, Financial Reporting, Transition management, and Automation.
- Proficient in preparing and presenting Financial Reports, conducting meticulous Reconciliations, and navigating various software and tools including SAP ERP, SAP CFIN H4 HANA, CIT Tax Tool, Basware, Tally ERP, WinMan ERP & TDS, Longview T2-Tax Tool, and Cadency Trintech.
- Led transformative projects such as "CFIN S4 HANA" for Tax, driving significant process enhancements.
- Successfully managed Direct (CIT, FBT, WHT) and Indirect Tax (GST, VAT, SST) compliance activities across multiple countries from ME, SEA, ANZ and African clusters, ensuring adherence to regulations and deadlines.
- Adept at driving process improvements and automation initiatives to streamline operations, enhance efficiency, and ensure compliance.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Indirect Tax Team Lead
ABB GBS & Contracting India Pvt Ltd
03.2022 - Current
- Leading a dynamic team responsible for managing Indirect tax (VAT, GST, SST) compliance activities for over 12 countries in Asia, Australia, Middle East and African clusters
- Directing preparation and filing of Corporate Income Tax returns for 5 countries
- Supervising Tax Audit for India across 3 entities within Organization Group, resulting in successful completion of the audit without any pending issues
- Overseeing periodic reconciliations and corrective actions to ensure compliance with tax laws and regulations for all 12 countries
- Executed implementation of CFIN S4 HANA and Readsoft invoice processing software, championing process improvements and automation, significantly cutting manual processing time in tax operations
- Guiding quarter closing activities, including provisional corporate tax calculations for over 17 countries
- Resolving issues in book matching, returns, and audit closure to maintain seamless operations
- Performing as backup for immediate manager during his absence.
Senior Tax Specialist
ABB GBL Industries & Services Pvt Ltd
02.2020 - 03.2022
- Headed transition processes and successfully onboarded new countries and processes for over 15 countries
- Created SOPs and checklists to incorporate onboarded processes and ensure alignment with industry best practices
- Catered tax applicability advice and spearheaded implementing & automation of Tax advice in Basware and readsoft software
- Prepared and reviewed Direct (WHT, CIT, FBT) & Indirect tax returns (VAT, GST) for multiple countries, ensuring accuracy and compliance for over 7 countries
- Computed corporate taxes and conducted reconciliations and provision movement analysis.
Audit Assistant
Ramnath Pai & Co
09.2016 - 02.2020
- Composed financial statements, tax audit reports, and compliance forms for over 50 private limited companies and LLPs
- Superintended incorporation processes and obtained registrations required for business operations
- Responded to around 5 Direct & Indirect tax assessments and represented clients before tax authorities
- Provided advisory services related to internal financial controls and compliance requirements.
Consulting Assistant Accountant
GMR Constructions Pvt Ltd
04.2016 - 08.2016
- Drafted financial statements for individual and trust accounts and reconciled cash and bank transactions
- Calculated taxes owed and prepared tax returns, ensuring compliance with tax laws and regulations.
Article Assistant
Ramnath Pai & Co
12.2012 - 12.2015
- Supervised books of accounts for various entities, including proprietorships, partnerships, and private limited companies
- Reported income tax returns, GST returns, TDS returns, and compliance forms with regulatory authorities
- Facilitated in preparation of MIS reports and annual returns for private limited companies and LLPs.
Education
MBA - Applied Business Research
Liverpool John Moores University
Liverpool, England06.2023
Post Graduate Program in Management - Finance & Management
Management Institute of Management Technology
Ghaziabad, India11.2022
Chartered Accountant Intermediate - Finance
Institute of Chartered Accountants of India
Bengaluru, India05.2014
Bachelor of Commerce - Finance
MES College of Arts, Commerce, And Science
Bengaluru, India04.2012
Skills
- Financial Reporting
- Accounts Reconciliation
- Tax Compliance
- Process Improvement
- Automation
- Financial Analysis
- Team Leadership
- Cross-functional Collaboration
- Project Management
- Software: SAP ERP, CFIN S4 HANA, MS Office (Excel, PPT, word, Power Apps), Power BI (end user basics), Hyperion Financial Management
Accomplishments
- Managed quarter closing activities, including provisional corporate tax calculations and providing data for Hyperion Financial Management reporting for 20+ countries.
- Successfully managed escalations totaling $15 million in value, ensuring swift resolution through effective communication and problem-solving strategies.
- Implemented robust controls resulting in signed-off audits, showcasing adept risk management and compliance skills.
- Resolved issues in book matching, returns, and audit closure to maintain seamless operations, and developed documented best practices across 20+ countries for enhanced efficiency.
- Conducted country visits to assess needs and issues, providing tailored solutions for resolution.
- Initiated customization requests in CFIN after identifying missing source information, leading the end-to-end process from analysis to successful implementation.
- Oversaw the development of macros and bots for automated reconciliation of revenue and VAT GLs, resulting in the elimination of one full-time equivalent position and alleviating excess work-load on team members.
- Developed standardized work templates for all 12 countries in the cluster, facilitating the adoption of best practices and ensuring uniformity in operations, streamlining resource allocation, and enabling seamless transitions between tasks.
Affiliations
Bengaluru, India
Hemanth Kumar DN
Manager
Certification
- Recipient of Team Excellence Award and Raising Star Award
- Consistently received Exceptional Performance Ratings
- Certified White Belt with Yellow Belt in progress
- Trained as a Coach
Timeline
Indirect Tax Team Lead
ABB GBS & Contracting India Pvt Ltd
03.2022 - Current
Senior Tax Specialist
ABB GBL Industries & Services Pvt Ltd
02.2020 - 03.2022
Audit Assistant
Ramnath Pai & Co
09.2016 - 02.2020
Consulting Assistant Accountant
GMR Constructions Pvt Ltd
04.2016 - 08.2016
Article Assistant
Ramnath Pai & Co
12.2012 - 12.2015
MBA - Applied Business Research
Liverpool John Moores University
Post Graduate Program in Management - Finance & Management
Management Institute of Management Technology
Chartered Accountant Intermediate - Finance
Institute of Chartered Accountants of India
Bachelor of Commerce - Finance
MES College of Arts, Commerce, And Science
- Recipient of Team Excellence Award and Raising Star Award
- Consistently received Exceptional Performance Ratings
- Certified White Belt with Yellow Belt in progress
- Trained as a Coach
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