Summary
Overview
Work History
Education
Skills
Languages
Core Competencies
Personal Information
Languages
Timeline
AccountManager
MADHUKAR MAVURAM

MADHUKAR MAVURAM

Hyderabad

Summary

  • A versatile professional with over 15 years of experience in: - Accounting Functions - Costing - MIS & Reporting - Receivables/Payables Management - Budgeting & Forecasting - Auditing & Taxation - Inventory Management - Fund Management - Statutory Compliance - Liaison & Coordination.
  • Gained experience in entire accounting & finance functions including maintenance & finalization of accounts, working capital management, profit monitoring and internal financial controls
  • Proficient in conducting statutory/ internal & tax audits with critical analysis of each caption of financial statements
  • Accredited for executing two projects for enhancing the process and ensuring cost savings
  • Delivered a dynamic breakthrough in financial reporting, cost flow analysis, fund management and management reporting
  • Demonstrated excellence in formulating budgets, implementing systems/procedures, preparing key reports to exercise financial control and enhancing overall efficiency of the organization
  • An enterprising leader with skills in leading personnel towards accomplishment of common goals

Overview

17
17
years of professional experience

Work History

Accounts Officer/Accounts Manager

VNR Vignana Jyothi Institute of Engineering & Technology
Hyderabad
06.2023 - Current
  • Company Overview: VNR VJIET is the Top 10 Ranked Engineering College in Hyderabad.
  • Close Monitor and follow-up of Receivable from Students and Dues from Govt (scholarship dues).
  • Handling day to day accounting functions, Payables, Receivables.
  • MIS Reports, Monthly Receipts & Payments, Monthly Budget submission to HO, Quarterly Income & Expenses Preparation.
  • Preparation of Annual Budget of the institute and consolidate, review and finalize the Budget Amount and submit to HO.
  • Treasury Functions like, Bank Balances monitoring, Funds Transferring, Making FDs for Ideal Funds.
  • Monitoring all Grants Received from Government.
  • Continuous Improvement Initiations: Reducing the Student Dues, Automation of Receivables, Payment process time improvements. Etc.
  • Controls Improvement initiations.
  • Accounts Data Providing for the Accreditations like NAAC, NBA.
  • TAFRC (Fee Regulatory Committee) Data Submission for Fixation of Tuition Fee by TAFRC.
  • Supervising the Accounts Team.
  • VNR VJIET is the Top 10 Ranked Engineering College in Hyderabad.

Accounts Officer

Chaitanya Bharathi Institute of Technology
Hyderabad
07.2022 - 06.2023
  • Company Overview: CBIT is Top Ranked Engineering (Autonomous) College in AP & Telangana.
  • Responsible Overall Accounts Department of the Institution.
  • Handling day to day accounting functions, Payables, Receivables, ledgers postings.
  • MIS Reports.
  • Budgeting monthly and annually and Long Terms plans preparation.
  • Fees Regulatory Related reports preparation.
  • Treasury Functions.
  • Monitoring all Projects: Projects Funds, Utilization status, Pending Amounts.
  • Supervising the Accounts Team.
  • Continuous Improvement Initiations.
  • Controls Improvement initiations.
  • Statutory Compliances: GST Returns, PF, ESI, TDS Payments, Quarterly e-TDS returns.
  • Team Management.
  • CBIT is Top Ranked Engineering (Autonomous) College in AP & Telangana.

Assistant Manager Finance & Accounts

Signode India Limited
Hyderabad
07.2015 - 07.2022
  • Company Overview: Signode India Limited is a Company of Signode Industrial Group-USA, It is a leading global manufacturer of strap, stretch, and protective packaging consumables, tools and equipment.
  • Responsible for Full Cycle of accounting activities including Receivables, Journals, Reconciliations and Closure of Monthly Books.
  • Providing Monthly Consolidated MIS to Division Controller and Business Heads.
  • Performing Budget Vs Actuals Analysis in Revenue & Overheads.
  • SPOC (Single Point of Contact) for Sales Team, Operation Team, Dispatch Team and AR-Team for Collections application, Business Heads for all information on the Business Numbers.
  • Month Closing Entries Passing, Reconciliations of WIP, Inventory, COGS.
  • Month Revenue Lines Checking, including DN, CN & JVS, Freight Entries Checking.
  • Revenue Customer wise Plan vs Actual and Variance Remarks.
  • Margin Analysis.
  • Overheads Budget vs Actuals Variance Remarks.
  • Other Reports Like Warranty schedules, Sample Sales data, Inter-company Inventory etc Submitting to corporate.
  • Monthly Business MIS on overall Division Performance.
  • BH -Review Data of Plan vs Actuals on monthly Basis.
  • Monthly TB Schedule preparation, Trial Balance Review Includes AP GL Reco, Advances Scrutiny and Issues and Pending Actions on TB Backup Schedules variances.
  • Replying to Queries Raised by Corporate.
  • Annual Plan Preparation which consists Revenue, Margin, Overheads and EBDTA.
  • Reforecast of Plan Quarterly and Half Yearly.
  • Monthly Outlook & Likely Revenue & margins submission to corporate.
  • Project wise Cost monitoring Plan vs Actual.
  • Reviewing on Slow Moving and Obsolete Inventory for Liquidation.
  • Inventory Reconciliation Accurately and Raising alarm on Cost where cost overshoot the Budget.
  • SOX-Audit Compliance Complying.
  • Co-coordinating and Providing Data and make it Audit Completed within Scheduled time.
  • Maintaining Documentations Like Vouchers with Supporting bills.
  • Cost Audit- All Required Inputs providing to Auditor.
  • Cost Monitoring of Manufacturing Products.
  • Cost Budget vs Actuals report for all the projects circulating to Concern Business Heads and Ensure to be Highlight of Higher Cost.
  • Commercial Supports: Sales Order Scrutiny and approvals, advising favourable changes in the PO.
  • Ensuring Invoicing happening smoothly.
  • Customer Advances, Payments Checking and giving clearance for Dispatches.
  • Co-ordinating smooth Inventory transactions and guiding inventory team.
  • Signode India Limited is a Company of Signode Industrial Group-USA, It is a leading global manufacturer of strap, stretch, and protective packaging consumables, tools and equipment.
  • Stake Holders: Business Heads, Sales Team, Manufacturing (Operations) Team.
  • Software Implementations: Implemented Project Module in Oracle for Cost Capturing of Each Equipment with Summary report of Budget vs Actual Cost Incurred.
  • Process Improvement Initiatives: Each Function of the Division SOP reviewing timely and wherever the process improvement scope is there put up to management.

Manager - Finance & Accounts

Cyber Optic Solutions Pvt. Limited
Hyderabad
10.2013 - 01.2015
  • Administering the day-to-day accounting pertaining to sales, collection, payments & purchases.
  • Accountable for cash movement and accounting monitoring on a daily basis.
  • Developing weekly and monthly business MIS such as P&L, balance sheet and cash flows for the top management.
  • Responsible for verification of: Cost center and GL code, purchase, cash &travelling vouchers as per the requirement.
  • Developing plans pertaining to monthly collections & payments and instructing the team accordingly.
  • Collaborating with senior officials of banks, financial institutions and finance companies.
  • Cash credit loan for managing operation expenses &Term loans for specific project.
  • Maintaining coordination with internal/ statutory auditors for audit functions & finalization of accounts within time without any adverse remarks.
  • Carrying out preparation of income tax &E-TDS returns for individual, firms.
  • Finalizing the annual financial reports and ensuring made it filed in ROC within due date.
  • Preparing excise return as per the provisions of Central Excise Act/Rules.
  • Issuing the excise & commercial invoices and ascertaining timely service tax payments.
  • Filing the VAT &CST returns and collecting& issuing the C forms.
  • Monitoring the payroll functions involving designing as per standards and sharing the same with management.
  • Ensuring timely payments of PF, ESI & PT and their returns filing as per the provisions.
  • Simplifying the payments process through Doing Payables Making Online.
  • Assigning: Target of reducing lead time on each individual works and evaluating the same.
  • Clear cut goal sheets or key results areas based as per company's defined strategies.

Senior Executive Accounts

ITW Signode India Limited
Hyderabad
12.2007 - 10.2013
  • Responsible for Processing of Purchase bills (GRN), Service Based Bills (Non GRN), Import Purchase Bills, and Employee Claims.
  • Checking the Bills as per the Accounts Payable Control Metrix of Signode's before processing the Invoices.
  • Ensuring All the Bills are in line with the Signode Policies like in Signode Authorization Policy, Signode Credit Policy.
  • Ensuring to Take Input Tax Credit of all applicable Taxes.
  • Ensuring to process the payments as per the Vendor Credit Terms.
  • Carried out creditors ageing and ensured release of payments as per the due dates.
  • Reconciliation of Vendors accounts time to time especially 80/20 vendors in order to tally the books of accounts.
  • Made vendor payment batches in Oracle and processed payments though electronic mode.
  • Accountable for payment of custom duties through web and e-payments.
  • Performed monthly CANVAT reconciliations and Ensuring of Payment of Excise duty and Service Tax within due date.
  • Executed all TDS related works, made TDS data submission to Corporate and issued form 16A to vendors.
  • VAT Input Tax Details providing to Corporate to avail the VAT Input Credit.
  • MIS Activities (Month End Closing): Ensuring all the Bills Booked in Payables.
  • Passing all Journal vouchers like for Provisions and Depreciation and for WIP.
  • Transfer of inventory, purchases and payables to GL at month-end.
  • Detailed expenses analysis product wise.
  • Developed product-wise profit & loss statement and submitted MIS to Financial Controller.
  • Providing Trial Balance Backup (Schedules) to Finance Controller.
  • Highlight: I was the Part of member in Implementing Financial Shared Services.
  • Served as the member of Project Team for: Oracle Project Module implementation for Capturing Equipment's Manufacturing Cost.
  • Oracle -11i re-implementation as Manufacturing and Sales Units wise.
  • Managed the insurance profile along with accounting functions.

Education

PGDBA - Finance

Symbiosis University
Pune
01.2013

M.Com. -

Osmania University
Hyderabad
01.2006

B.Com. - Computers

Kakatiya University
Warangal
01.2000

Skills

  • RTR,
  • GL
  • Month Closing,
  • MIS
  • Annual Bedget
  • Variance Analysis
  • Costing
  • Team Handling
  • Oracle Business Suite - ERP R12
  • AP
  • GL
  • AR
  • Inventory
  • Costing Module
  • Focus RT
  • Tally ERP 9
  • MS Office
  • Internet Applications

Languages

  • English
  • Telugu
  • Hindi

Core Competencies

Preparing the P & L, Balance Sheet and other financial reports, Maintaining statutory books of accounts and reconciliation of financial statements, Monitoring Day to Day Accounting Functions and Supervising the Team of Accounts, Developing plans & ensuring their timely assessment and filing direct & indirect returns, Handling company's internal audit including setting-up of systems and monitoring their implementation, Formulating annual budgets and conducting variance analysis, Supervising the preparation of MIS reports for forwarding the feedback to top management, Handling reconciliation of accounts receivables and trial balances, Checking accounts payable to ensure accurate claims are filed with vendors

Personal Information

  • Location Preference: Anywhere in India
  • Date of Birth: 03/23/80

Languages

Telugu
Native language
English
Proficient (C2)
C2
Hindi
Intermediate (B1)
B1
Telugu
Proficient (C2)
C2

Timeline

Accounts Officer/Accounts Manager

VNR Vignana Jyothi Institute of Engineering & Technology
06.2023 - Current

Accounts Officer

Chaitanya Bharathi Institute of Technology
07.2022 - 06.2023

Assistant Manager Finance & Accounts

Signode India Limited
07.2015 - 07.2022

Manager - Finance & Accounts

Cyber Optic Solutions Pvt. Limited
10.2013 - 01.2015

Senior Executive Accounts

ITW Signode India Limited
12.2007 - 10.2013

PGDBA - Finance

Symbiosis University

M.Com. -

Osmania University

B.Com. - Computers

Kakatiya University

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