MADHU M G
VP - Finance
Bangalore
Summary
A challenging and rewarding position in accounting requiring the application of a variety of skills that utilizes knowledge and expertise
Overview
19
19
years of professional experience
1
1
year of post-secondary education
1
1
Language
Work History
Vice President – Finance
Scaleneworks People Solutions LLP
8 2021 - Current
- Handling entire Accounts and Finance function for India, US and EU with established team of 15 people directly reporting
- Responsible for monitoring Budgets, Reviewing Financial documentation and reporting to management.
- Led cross-functional teams for the successful completion of major projects, resulting in increased efficiency and client satisfaction
- Demonstrated proficient leadership skills to motivate employees and build competent teams
- Spearheaded organizational restructuring initiatives, streamlining operations and reducing overhead costs
Manager – Finance
Velankani Software Pvt Ltd
04.2012 - 08.2021
- Preparation of Financials reports for India level business and consolidation with holding company both in Indian GAAP and US GAAP formats
- Preparation of India level annual/half yearly budget and analyze variance on regular basis
- Participate and present India level financial report and statutory compliance reports to board members in board meetings
- Lead statutory audit team and take decisions with auditors with regards to annual audited financial statements
- Verify and approve statutory filings and reports for direct & indirect taxation including STPI and Customs including liaising with various statutory departments
- Verify and Approve monthly payroll including income tax calculations
- Funds management, monitoring and approving payables and determining working capital requirement
- Interact with bankers with regards to working capital requirements, over drafts, investment of funds
- Mentor team members and constantly guide on various operational aspects, identify KPA’s for performance appraisal and planning
- Conduct technical round of interview & identifying the suitable candidate for the open position on need basis
- Conduct finance induction to new joiners
- Handle labour compliance audit.
Asst. Manager Finance
Velankani Software Pvt Ltd
07.2014 - 03.2017
- Devising and maintaining statutory books of accounts viz, journal, ledger, cash book and Journals, Ledgers, P&L accounts and Balance sheet in compliance with time & accuracy norms
- Co-ordination with Bank for disbursement of payments to vendors
- Review of accounts on monthly basis
- Employee expenses report verification and processing
- Deduction and remittance of TDS/withholding taxes on contractors, professionals and Salary
- Accounting of all fund transfer from foreign bank to Indian bank & reconciliation of Fund Transfer Account
- Conducting verification of various books of accounts to detect any possible fraud and ensuring that accounts prepared conform to accounting standards
- Performing monthly reconciliation for all bank accounts maintained by the company and resolve differences if any in a timely manner
- Regular monitoring of funds position in the bank accounts of the company
- Liaison with banks on ongoing basis on various issues
- Preparation of foreign payments and receipts through EEFC Account
- Documentation of Imports and Exports (proof of import & export submission to bank, payments to foreign creditors and updating of receipts in foreign currency from Debtors) and interacting with RBI related matters
- Preparation of Audit schedules and coordinating with auditors.
Senior Executive - Finance
Velankani Software Pvt Ltd
04.2012 - 07.2014
- Devising and maintaining statutory books of accounts viz, journal, ledger, cash book and Journals, Ledgers, P&L accounts and Balance sheet in compliance with time & accuracy norms
- Co-ordination with Bank for disbursement of payments to vendors
- Review of accounts on monthly basis
- Employee expenses report verification and processing
- Deduction and remittance of TDS/withholding taxes on contractors, professionals and Salary
- Accounting of all fund transfer from foreign bank to Indian bank & reconciliation of Fund Transfer Account
Sr. Accountant Associate
Allergan India Private Limited
07.2010 - 04.2012
- Responsible for all basic accounting functions and maintained accounts payable records viz employee reimbursements; Vendor Payments; Statutory Payments
- Preparation of Bank Reconciliation Statement & Quarterly E-TDS returns
- Handling employee exit formalities
- Assisting manager in preparing Budget v/s actual, MIS Report & variance report
- Preparation of Audit schedules and assisting auditors during Internal & Statutory audit.
Team Leader
Resolve Business Services (I) Pvt. Ltd.
07.2005 - 06.2010
- Handled Payroll for 25 clients for over more than 3000 employees, Handled a team of 5 members reporting
- Key Deliverables: Monthly payroll processing
- Maintained and monitored reimbursements of employees
- Periodic reconciliations preparation and verification
- Ensuring appropriate compliance as to TDS and any other laws as applicable as per the timelines
- Preparation / Review of Reports for its timely submission to Management
- Individual Form 16s
- Filling company Annual returns
- Co-ordination with Employees, HR on day-to-day functions
- Supporting Statutory Audits, Tax Audits and Tax Assessments in providing necessary documents and vouchers
- Prepare, maintain and monitor internal controls with development of policies and documentation required.
Education
PGCP - Finance
IIM
Indore 12.2022 - 12.2023
Skills
Detail, oriented and efficient
Proficient with all aspects of accounts payable, accounts receivable, general ledger and customer service, Payroll, Auditing & Taxation and reconciliations
Sound understanding of general accounting principles
Strong organizational and analytical skills
Excellent interpersonal communications skills
ERP Package –Tally ERP; SAP FICO
Payroll Software – Folklore
BAZ Suite – Employee Reimbursement software
Proficient in Microsoft Office
Personal Information
- Passport Number: T7749047
- Passport Expiry Date: 08/04/29
- Date of Birth: 04/11/82
- Marital Status: Married
Education
Master of Business Administration – Finance, B.Com- Bangalore University
References
References will be furnished upon request
Timeline
PGCP - Finance
IIM
12.2022 - 12.2023
Asst. Manager Finance
Velankani Software Pvt Ltd
07.2014 - 03.2017
Manager – Finance
Velankani Software Pvt Ltd
04.2012 - 08.2021
Senior Executive - Finance
Velankani Software Pvt Ltd
04.2012 - 07.2014
Sr. Accountant Associate
Allergan India Private Limited
07.2010 - 04.2012
Team Leader
Resolve Business Services (I) Pvt. Ltd.
07.2005 - 06.2010
Vice President – Finance
Scaleneworks People Solutions LLP
8 2021 - Current
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