K. Magalingam
Chennai,TN
Summary
Pro-active and result oriented with 32 years of proven experience in many aspects of accounting, financial control and reporting. Demonstrated hands on skill set in the implementation of ERP systems to ensure internal control were never compromised and managed several internal and statutory audits. Well-disciplined with proven ability to manage multiple assignments efficiently while meeting tight deadline schedules. Strong team builder and facilitator, fosters an atmosphere that encourages the staff to balance high-level skills with maximum production. A result oriented and senior management functionary seeking challenging roles for spearheading organizational growth and profitability by utilizing vast domain knowledge and functional skills.
Overview
31
31
years of professional experience
Work History
Regional Finance Manager (Reporting & Projects (API))
Danfoss Industries Pvt. Ltd
09.2007 - Current
- Oversaw Product Line worldwide budgeting, forecasting, and financial reporting, ensuring alignment with business objectives
- Proven record of business performance improvement using technology, process, and operating model levers
- Prepare analyse and review of monthly and annual financial reporting and consolidation of group reporting. Reporting also included electronic reporting thru SAP, Hyperion and other Business intelligence systems
- Complying with accounting standards and regulations while reporting financial transactions and performing accounting activities is a requirement for businesses and organisations.
- Prepared accurate and timely financial statements, presenting key financial insights to the business leaders.
- Worked closely with senior executives of subsidiaries/associates in the preparation of business plan and provide them with guidance in evaluating options in Decision making. Part of the Project Management Team in addressing several tax / operational queries related to Finance.
- Actively worked in filing of application of APA (Advance Pricing Agreement) and resolving queries raised from time to time with tax authorities.
- Designed various management reports like order wise Segment / Product Line wise Profit & Loss Account, Balance Sheet items (deep dive Receivables, Inventories trends, forecasting etc.,). Utilized advanced financial modelling and analytics to evaluate business performance and guide decision-making.
- Oversight on timely and accurate month end processing, reviewing financial data quality, variance analysis reports & identified opportunities for process improvements and remediation across markets (API, SER, & CNR)
- Explored continuous controls monitoring (CCM) opportunities for automation, enabled to establish control workflow framework for manual controls that improved control compliance & provided effective transparency to leadership.
Finance Officer
SPIC LTD (PHARMA DIVISION)
01.2005 - 09.2007
Senior Accountant
M.V.Diabetes Speciality Centre
09.2003 - 01.2005
Senior Accountant
SPIC Science Foundation
06.1995 - 09.2003
Senior Accountant
Mano Pharmaceuticals
09.1994 - 06.1995
Education
B A - Corporate Secretary Ship
Guru Nanak College
Chennai01.1994
Skills
Finance & Accounts: Finalizing accounts for a wide spectrum of entities (Companies, Firms, & Sole proprietorship) & monitoring accounts in a wide spectrum of industries
MIS/ Documentation: Generating MIS reports on various financial parameters to gauge the functioning of the organization
Statutory Compliance: Ensuring compliance to the govt rules and regulations as laid down by statutory authorities’ viz Direct tax & Indirect tax
Taxation: Coordinating with Tax Authorities for ensuring compliance of tax provisions accordingly & appearing before them in connection with assessment proceedings & knowledge of Company Laws Analysing and streamlining existing systems and procedures; reporting important irregularities for follow up action and rectification
Operations Management: Monitoring of Inventory movement & planning for control measures to keep within the norms set by the world-wide team
Internal controls
Business partnering
Financial budgeting
Mentoring and training
Financial analysis
Continuous improvement
Accomplishments
- Awarded the Best Employee/ Performer for the year 2011 of INSC Global Services.
- Awarded the Danfoss Brilliance Award for the year 2008 & 2010 of INSC Global Services
Training Programs
- Training in Service Excellence Programme, 2008
- In-house training in Smart Worker Programme 2008
- Training on Presentation Skills
Personal Vitae
- Date of Birth : 28th July, 1973
- Marital Status: Married
Timeline
Regional Finance Manager (Reporting & Projects (API))
Danfoss Industries Pvt. Ltd
09.2007 - Current
Finance Officer
SPIC LTD (PHARMA DIVISION)
01.2005 - 09.2007
Senior Accountant
M.V.Diabetes Speciality Centre
09.2003 - 01.2005
Senior Accountant
SPIC Science Foundation
06.1995 - 09.2003
Senior Accountant
Mano Pharmaceuticals
09.1994 - 06.1995
B A - Corporate Secretary Ship
Guru Nanak College