Lokesh Raja Koka
Chartered Accountant, Company Secretary
Chennai
Summary
Forward-thinking Finance Manager adept at managing teams to accomplish challenging objectives. Imparting clear vision to guide cohesive, high-performing teams. Offering advanced planning, problem-solving and presentation skills developed over 6 years in Finance and Accounting.
Overview
9
9
years of professional experience
10
10
years of post-secondary education
1
1
Language
Work History
Manager Finance
Bharat Petroleum Corporation Limited
04.2022 - Current
- Monitoring of inventory across Eastern Region locations and ensuring minimum inventory of slow moving items resulting in savings of INR 3 million.
- Initiated the process of claiming refund of accumulated ITC on export of Non GST products thereby improving corporation's working capital by more than Rs.600 million per annum.
- ITC optimization strategy in case of Bio diesel refinery (Bargarh) leading to savings of Rs.1.4 billion per annum
- Implementation of SEZ (with payment of Tax) supplies there by resulting in ECL refunds of more than Rs.350 million per annum
- Acted as a single point coordinator for ensuring accuracy and completeness of Due Diligence requirements of Refinery.
- Performed detailed process understanding and walkthrough of various business units and tested the Design, Implementation and Operating Effectiveness of Controls.
Assistant Manager
Bharat Petroleum Corporation Ltd
09.2018 - 03.2022
- Successfully filed appeals and personally attended hearings in Sales Tax Appellate/ GST appellate authority to drop demands of Rs.180 million and obtain refunds of more than Rs.1240 million.
- Controlling costs and optimizing spending via restructuring of budgets for labor, capital assets, inventory purchasing and technology upgrades resulting in annual savings of INR 300 million.
- Implementation of ‘Clear First-Pay Later scheme' in BPCL under Customs Act which resulted in savings of INR 150 million per annum.
- Preparation of concept paper and IRR for major projects involving capital outlay of over INR 1000 million.
- Member of Junior Business Finance Council for developing and executing policies with top management.
- Managing inter OMC settlements (i.e. IOCL, HPCL, NRL etc.) pertaining to hydrocarbon tax settlements and ensuring consistency in reporting.
- Handled assessments and appeals under GST, VAT & CST for states with annual turnover of Rs.87 billion approx
- Headed all India E-way bill, E-invoice and GST withholding implementation team.
Executive, Accounts
Bharat Petroleum Corporation Limited
09.2017 - 09.2018
- Team Member for implementation of Goods and Services Tax with lead role in implementation of transitional input credit rules and integration of SAP interface with ASP/GSP interface.
- Review of Books of accounts from Statutory Auditors, internal auditors, government auditors.
- Coordinated in preparation of customized T codes in SAP and various tools in Excel for easy back up and retrieval of data for full filing the MIS requirements of various stakeholder (i.e. Higher Management, Parliamentary questions, State and Central government., RTI & SBU)
- Handled periodic return under GST, VAT & CST for eastern region states with annual taxes over INR 90 billion per annum.
Article Assistant
GR Kumar & Co LLP (Chartered Accountants)
Visakhapatnam
08.2014 - 08.2017
- Internal Audits and Statutory Audits of various Public sector undertakings, Manufacturing companies and Private limited companies.
- Mergers & Acquisition, Due Diligence.
- Prepared key client deliverables like Audit Reports (including CARO) and Limited Review Reports.
Education
Chartered Accountant - Accounting And Finance
Institute of Chartered Accountants of India
India 04.2013 - 09.2017
Company Secretary, - Company Secretary
Institute of Company Secretaries of India
India 06.2017 - 12.2019
Bachelor of Commerce - Finance
Osmania University
Hyderabad 07.2014 - 03.2017
Skills
Computer Skills
Accomplishments
- Won corporate story telling competition ‘'Mercurix’' in consecutive years –2017, 2019, 2020 & 2021.
- Awarded the Best Young Manager award (Corporate Event) for the FY 2020-21 and runners up in 2018-19.
- Regional winner of 48th National Competition for Young Manager- 2022 by AIMA.
- Regional runners up of 47th Business Quiz event by AIMA.
Timeline
Manager Finance
Bharat Petroleum Corporation Limited
04.2022 - Current
Assistant Manager
Bharat Petroleum Corporation Ltd
09.2018 - 03.2022
Executive, Accounts
Bharat Petroleum Corporation Limited
09.2017 - 09.2018
Company Secretary, - Company Secretary
Institute of Company Secretaries of India
06.2017 - 12.2019
Article Assistant
GR Kumar & Co LLP (Chartered Accountants)
08.2014 - 08.2017
Bachelor of Commerce - Finance
Osmania University
07.2014 - 03.2017
Chartered Accountant - Accounting And Finance
Institute of Chartered Accountants of India
04.2013 - 09.2017
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