Lalith Kumaar
Bengaluru
Summary
Skilled Financial Controller bringing 18 years of experience working with Chartered Accountants, Interiors/ Architects, Manufacturing industries well-versed in financial planning and analysis, forecasting, budgeting, and internal control, aid to organization to maintain positive revenue and financial growth, implementing proper internal controls, achieving organizational targets, and developing financial plans that support organizational strategy.
Detail Oriented Team Player with Proven ability to Manage accounting records, evaluate and risk management, ensure compliance with regulations, publishing financial statements, overseeing accounting operations, analyze financial data, monitoring expenditure, forecasting revenue, coordinate with auditing processes, and ensure accuracy of financial information to the management and the board of directors.
Currently looking for a suitable position that offers variety and also opportunities to develop both personally and professionally.
Overview
18
18
years of professional experience
Work History
Finance Controller/ Finance Manager
@ M/S Frontier Modular Design Pvt Ltd, Manufacturer of Modular Furniture for Corporate office
Bangalore
2022.04 - Current
- Managing Team and supporting to prepare budgets, portfolios, MIS Reports, accounts payable, and receivable (AP/AR) and general financial reports and verifying and forecasting to Director
- Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability, and expense forecasts.
- Supervised Accounting team to accurate, efficient, and compliant completion of monthly financial reports from all branches every month
- Developed corporate investment strategies to drive growth and security.
- Followed up Team on regular basis with delinquent accounts to obtain funds and reduce aging balances.
- Followed Up Team to get treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and sales tax returns.
- Managed daily financial functions in collaboration with accounting and payroll personnel.
- Prepared balance sheets, profit and Loss statements, cash flow reports and income statements and forecasting to Director
- Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards.
- Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
- Worked with Team to create annual budget and track actual expenses against projected expenses.
- Costing- Preparing Cost sheets for Projects with internal team based on the BOQ and the Current prices of the Raw materials with relevant expenses involved and to ensuring accurate Cost of the project.
- Budgeting – Preparing and forecasting Project wise Budgets based on the Costing and allocate costs for expenses to the relevant team to ensure budgetary costs.
- Cost Control- follow up team and get accurate data towards the expenditures done for the project with proper Documents to ensure costs should not cross the limit while executing Project Successfully managed budgets and allocated resources to maximize productivity and profitability.
- Introduced internal controls to monitor critical areas of financial control and devised corrective actions to address risks or deficiencies.
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthrough for compliance with documented processes.
Finance Controller
M/S ALDECOR INTERIORS PVT LTD, Architects & Interior Design With Project Turnkey For Corporatesector
Bangalore
2018.06 - 2022.03
- Coordinate With team and direct preparation for budgets, MIS reports and financial forecasts and report variances Supervised accurate, efficient, and compliant completion of financial reporting
- Managing and Verifying Team for accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
- Prepare and publish timely monthly, Quarterly and Annual financial statements to The Directors.
- Costing- Preparing Cost sheets for Projects with internal team based on the BOQ and the Current prices of the Raw materials with relevant expenses involved and to ensuring accurate Cost of the project.
- Budgeting – Preparing and forecasting Project wise Budgets based on the Costing and allocate costs for expenses to the relevant team to ensure budgetary costs.
- Cost Control- follow up team and get accurate data towards the expenditures done for the project with proper Documents to ensure costs should not cross the limit while executing Project · Successfully managed budgets and allocated resources to maximize productivity and profitability.
- Risk Management support to tema by researching technical accounting issues for compliance
- Ensure quality control over financial transactions and financial reporting
- Develop and document business processes and accounting policies to maintain and strengthen internal controls
- Support month-end and year-end close process and preparation of Profit and Loss and Balance Sheet for the Year End.
- Managed to file tax returns and generated monthly reports in compliance with regulatory and organizational standards.·
- Projected monthly cash expenditures through efficient budgeting and detailed document reviews.
- Reviewed documents and data to give accurate presentations and forecasts to upper management.
- Directed corporate decision-making and planning by monitoring and setting policies and procedures to optimize fiscal performance.
- Accomplished multiple tasks within established timeframes
- Coordinated with internal teams to facilitate prompt delivery of client projects.
Senior Accountant, Audit & Taxation
Mind Infotech, Audit and Tax consultants
Bangalore
2012.06 - 2018.06
- Handled Clients Like IT, Medical, Trading, Manufacturing Companies by providing Book Keeping on regular Basis.
- Reconciled AP,/AP GL, accounts for monthly closure and Prepared journal entries for monthly procedures
- Guidelines with CA to track errors and add contributions to maintain accuracy.
- Monthly Filing of Statutory like TDS, PT, PF, Service Tax, Vat/GST, and Other Companies Compliances on time
- Leveraged finance knowledge to strengthen controls and improve transparency
- Directed accounting team to timely reporting of finances for diverse client businesses and to provide financial statements like Balance sheet, P & L Account, Cash Flow statements, stock /Assets for the year end
- Expedited payroll and invoicing by streamlining billing systems.
- Offered advice and assistance to customers, paying attention to special needs or wants responded to customer requests for products, services, and company information.
- Clarified customer issues and determined root cause of problems to resolve product or service complaints.
- Utilized customer service software to manage interactions and track customer satisfaction.
- Participated in team meetings and training sessions to stay informed about process and updates changes.
- Departmental Works relate to the statutory Notices or any other issues of the clients and hassle free closure of the same with Departmental assistance
Accounts Executive
Vijay Power Systems
Bangalore
2008.03 - 2012.05
- Completed daily cash functions like account tracking, payroll and wage allocations, AP, AR cash and banking reconciliations.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Prepared and filed tax forms to meet needs of customers.
- Partnered with auditors to track errors and add contributions to maintain accuracy by providing working papers, reports and supporting documentation like P and L Statement and Balance sheets for the year end.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Filing Monthly Quarterly and annularly Statutries like TDS, Sales Tax, Service Tax, ESI PF etc.
Accountant Cum Projects Executive
M/S Engenue, architects and design Consultants.
Bengaluru
2005.07 - 2008.03
- Daily cash functions like account tracking, payroll and wage allocations, AP, AR, cash, and banking reconciliations
- Preparing and forecasting Accounts Statements, MIS Report, P and L and Budgets to Management on weekly Monthly and Quarterly basis
- Vendor Management with Verifying Vendor Forms. Purchase Orders, invoices and Weekly Payouts based on the Payment Terms.
- Project Execution by Finalizing Vendors, negotiation, Releasing PO, Getting materials to site ontime and ontime payments for the supply.
- Clients Invoicing based on the completion of the project as per Work Order and to ensure timely collection of Payments
- Internal Auditing and Partnered with auditors to track errors and add contributions to maintain accuracy and finalizing of company books
- Statutory statements preparation & timely filings of VAT , Service Tax, TDS
Education
Bachelor of commerce - CLSP
APS Collage of Commerce
N R Colony 03.2005
Skills
- Budgeting and Cost Control
- Finance and Accounting Operations
- Key Performance Indicators (KPI)
- Accounting and Cash flow Management
- Complex Problem-Solving
- Financial Analysis & Reporting
- Internal & External Audits
- Project & Program Management
- Regulatory Compliance
- Team Management
- Process Implementation
Additional Information
- Tally ERP,
- Quick Books
- SAP
- Power BI
- Team Player
- Quick Learner
Accomplishments
- Recognized by management for HIgher Level projects delivering outstanding result.
- Implemented new, interactive employee scheduling system to monitor, gauge and project staffing needs.
- Oversaw programme to reduce paper waste, resulting and savings for the year.
- Investigated, identified and reconciled account discrepancies to ensure Proper Records
Languages
English
Upper Intermediate
B2
kannada
Upper Intermediate
B2
Hindi
Upper Intermediate
B2
Kannada
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Timeline
Finance Controller/ Finance Manager
@ M/S Frontier Modular Design Pvt Ltd, Manufacturer of Modular Furniture for Corporate office
2022.04 - Current
Finance Controller
M/S ALDECOR INTERIORS PVT LTD, Architects & Interior Design With Project Turnkey For Corporatesector
2018.06 - 2022.03
Senior Accountant, Audit & Taxation
Mind Infotech, Audit and Tax consultants
2012.06 - 2018.06
Accounts Executive
Vijay Power Systems
2008.03 - 2012.05
Accountant Cum Projects Executive
M/S Engenue, architects and design Consultants.
2005.07 - 2008.03
Bachelor of commerce - CLSP
APS Collage of Commerce
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