Lakshmi Prasad Sadhu
Finance controller
tirupati,AP
Summary
Skilled Finance Controller bringing 18 + years of experience working with Manufacturing Automotive , engineering organizations. Proven leadership and successful in leading teams in achieving financial goals. Accomplished in working with executive leaders to develop business, financial and growth strategies.
Overview
18
18
years of professional experience
Work History
Finance Controller
IMI CCI
01.2023 - Current
- Financial Planning & Analysis
- Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
- Followed up with delinquent accounts to obtain funds and reduce aging balances.
- Provided treasury and cash management by overseeing the reconciliation of banking activity, credit card processing, and sales tax returns.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Accurately completed financial statement audits and thoroughly reviewed results.
- Prepared balance sheets, cash flow reports, and income statements.
- Completed year-end close processes through effective supervision of financial functions and regular treasury transactions.
- Introduced internal controls to monitor critical areas of financial control and devised corrective actions to address risks or deficiencies.
- Worked with 8-10 executives to create annual budget and track actual expenses against projected expenses.
- Used Salesforce and IFS ERP Software to prepare external audit documentation and financial reports to assist management in operational planning and key decision-making.
- Worked with both internal and external users to create detailed financial reports.
- Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures.
- Maximized year-end tax benefits by efficiently managing cash flows.
- Supported program managers in providing procedural training on finance and accounting.
- Directed corporate decision-making and planning by monitoring and setting policies and procedures to optimize fiscal performance.
- Managed outstanding balance amounts by evaluating reports and determining collection statuses.
- Created and distributed reports on internal and external finances, audits, and budgets.
- Projected monthly cash expenditures through efficient budgeting and detailed document reviews.
- Managed daily financial functions in collaboration with accounting and payroll personnel.
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
- Enhanced quality and currency of financial information by overseeing revenue collection systems.
- Verified accurate completion of corporate income tax returns and optimal use of favorable tax codes.
- Oversaw accounts payable and receivable operations for SEZ & DTA business with $[6.00.000] in monthly expenses.
Sr.Finance Manager
IMI CCI
01.2021 - 12.2022
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
- Created organizational structures to improve accounting and finance functions.
- Reviewed documentation and identified financial discrepancies where applicable.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Reviewed historical records, current operational data, and forecasting information to identify and capitalize on system enhancement opportunities.
- Developed strategic plans for day-to-day financial operations.
- Designed and maintained financial models to identify and measure risks.
- Complied with established internal controls and policies.
- Analyzed business processes to identify cost savings and operational efficiencies.
- Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
- Prepared internal and regulatory financial reports, balance sheets, and income statements.
- Created organizational structures to improve accounting and finance functions
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making
- Developed strategic plans for day-to-day financial operations
- Created financial dashboards to provide insights into key performance indicators
Finance Manager
IMI CCI
08.2015 - 12.2020
- Finance & Accounts, Financial reporting, forecasting, Finance Efficiency, Costing, Budgeting, controlling, Treasury management and Project Management
Acting Finance Manager
IMI CCI
09.2013 - 07.2015
- Finance & Accounts
Sr. Finance Executive
Amara Raja Batteries Limited
09.2011 - 08.2013
- General ledger, Direct and Indirect taxation, Accounts receivable
Finance Executive
Amara Raja Electronics private limited
02.2008 - 08.2011
- Costing & General ledger
M/S Munaga singaraiah electrical
Kadapa
06.2006 - 01.2008
- Core Accounts, Direct and indirect taxation
Education
MBA - Financial Accounting
Kandula School of Management
Kadapa, India04.2004
Skills
- Financial Planning & Analysis
- Inventory management
- Project accounting
- Cognos reporting
- Power BI, Advanced Excel
- Variance Analysis
- Debt management
- Investment Analysis
- Audit Coordination
- Accounts reconciliation
- Cost accounting
- Internal Controls
- Fixed Assets Management
- Cash Flow Management
- Credit analysis
- Tax Compliance
- Project Finance
- Internal controls development
- Preparing financial statements
- Collections understanding
- Financial Forecasting
- Management Accounting
- Accounting management
- Financial document review
- Internal control management
- Project Management
- Audit preparation
- Budget Development
- Trend Analysis
- Expense Control
- Financial Management
- Risk Management
- Bookkeeping
- Audit management
- Financial statement review
- General ledger accounting
- Accounts receivable management
- Budget Preparation, Compliance
- Financial statements expertise
- General Ledger Management
- Regulatory Compliance
- Staff Management
- Revenue Generation
- Data Tracking
- Team Oversight
Accomplishments
- Developed SAP HR Income tax Procedure manual for internal control system
- Developed SAP Income tax procedure manual for internal control system
- Developed a systematic Ledger scrutiny formats
- Developed Memorandum JV Control system on accounting process
- Active team member in internal control system
- Organize a knowledge sharing session on weekly basis
- Developed Costing Procedures to reduce time in verifying BOM vs. Actual Material Consumption
- Developed customized reports in SAP for basic needs of finance & accounts department (Ex: TDS Ledger, service tax ledger, GRIR Reconciliation, Vendor aging, Customer aging reports etc)
- Developed Balance sheet reconciliation online platform for better Balance sheet accounts reconciliation and audit backups
- Developed Evidence binders for various accounting management declarations such as Internal control declaration, Inventory, Fixed assets, Management accounts, Treasury etc
- Introduced accounting procedures and stronger financial controls to improve financial reporting 100 %.
- Cut total of past due accounts from 33% to 13%.
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Achieved Bookings and Sales Dashboard Data by introducing Power BI for repetitive tasks.
- Supervised team of 7 staff members.
Roles And Responsibilities
- Developing Financial strategy
- Coordinating BU's (Bangalore and Nellore (AP)) for handling monthly Cognos financial reporting, Half year and Yearly reporting effectively in time
- Responsible for Implementation of the new ERP module for finance in Manufacturing and trading business units at IMI CCI Inc Responsible for migration of data from SAP to IFS (Oracle platform)
- Handled post implementation issues and guided team for stabilization in new ERP platforms
- Constant process improvements within and outside the finance function and defining new processes, ensuring that all financial processes and Internal Controls(ICD), including Delegation of Authority (DoA) and Authorization & Limits(A&L) are implemented time to time
- Project review and margin analysis including controls over movements in margin, actual vs approved position etc for all new construction and aftermarket projects
- Budgeting, forecasting revenue and handling recharges-monthly/Annually
- Managing the follow up with business units for reviews undertaken by Internal Audit and External Audit. Ensuring that matters raised are addressed and escalated as needed, and there is no surprise during the year end audit
- Initiating and managing the review of processes within the Business to ensure that they meet the requirements of adequate internal controls, segregation of responsibilities and are consistent and coherent. Supporting remediation where weaknesses have been identified
- Frequently visiting Branch offices, registered office and corporate office situated in Nellore (AP), Bangalore and Chennai respectively, for conducting Management Audit and Internal control checks
- In driving business strategy, alignment with other functions in driving the initiatives (SCM, Tender etc.)
Languages
English
Hindi
Telugu
Academicdetails
Master of Business administration (Finance ) ,Sri Venkateswara University, Tirupati,
Master of Commerce , Sri Venkateswara University, Tirupati,
Bachelor of Commerce (Computers) Sri Venkateswara University, Sri Government Arts College, Kadapa
Additionaldetails
SAP Fi and Controlling , IFS ERP Application , SFDC CRM, Cognos Financials consolidation tool , Power BI , advance excel , Ramco ERP, Tally, PowerPoint
Worklocation
Currently working at Sricity Industrial Area , Tirupathi Andhra pradesh , India
Previous Experience
- Preparation of financials – MIS – P&L Statement and balance sheet
- Segment wise preparation of financial statements
- Scrutiny of all TDS/TCS payments & Filing of Quarterly TDS/TCS Returns
- Issue of Form 16A, Form 16 & Form 27D on or before statutory due dates
- Scrutiny and analysis of expenses with variances vis-à-vis Budget and trends with comprehensive
- Reconciliation of data postings between FI and Other Modules
- Review of Vendor advances – capital and revenue
- Ledger scrutiny & Preparation of Schedules for all P&L & BST Accounts
- Verifying & analyzing the bank reconciliation Statements
- Reconciliation of Payroll & remittance of Statutory Pay-roll payments (ESI, PF, SAS, Professional tax etc ;)
- Team member of Budget control system
- Budget Vs Actual Analysis & Circulate monthly Actual vs. Budget performance to all departments
- Interacting with internal and external auditors in completing audits without any statutory obligations
- Generating Reports & schedules for Internal, Statutory & Tax audits
- Preparation of Adhoc reports based on the requirement for Top management
- Product wise Material consumption, Contribution Analysis & Profitability reports
- Circulates monthly Actual vs. Budget performance to all departments
- Cost-benefit analysis New Products developed (NPD) from R&D
- Variance analysis along with reasons, Contribution analysis
- Accountable for the Annual Physical Inventory of all materials/stocks
- Reconciliation of Purchase to Inventory, Inventory to Sales
- Reconciliation between Inventory module & GL Module
Personal Information
Date of Birth: 06/01/81
Timeline
Finance Controller
IMI CCI
01.2023 - Current
Sr.Finance Manager
IMI CCI
01.2021 - 12.2022
Finance Manager
IMI CCI
08.2015 - 12.2020
Acting Finance Manager
IMI CCI
09.2013 - 07.2015
Sr. Finance Executive
Amara Raja Batteries Limited
09.2011 - 08.2013
Finance Executive
Amara Raja Electronics private limited
02.2008 - 08.2011
M/S Munaga singaraiah electrical
Kadapa
06.2006 - 01.2008
MBA - Financial Accounting
Kandula School of Management
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