Mahalakshmi Konar
Chembur
Summary
A dynamic professional with 18 years of experience in Accounting Operations, FP&A, Budgeting & Forecasting.
Ensure compliances with accounting practices, company policies and procedures and legal regulations. Ensure smooth functioning of daily financial activities, MIS, audits, Treasury and allied functions. Manage & prepare Annual Budget for the Group Overheads cost by working with the Business Heads.
Leader with effective planning, and organizational skills built during successful career. Endeavour to equip employees/subordinates to independently handle daily functions and meet customer needs. Mentor with exceptional management abilities and results-driven approach.
Overview
2025
2025
years of professional experience
2029
2029
years of post-secondary education
Work History
Group Overheads Controller
Montfort India Pvt Ltd
04.2023 - Current
- Mentored junior staff members, fostering a positive work environment conducive to professional growth and development.
- Implemented cost-saving measures, identifying inefficiencies and reallocating resources to achieve optimal results.
- Manage the entire spectrum of AP/AR, Cash Bank reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Assisting the tax teams to manage timely preparation and filing of all required returns.
- Prepared balance sheets, cash flow reports and income statements for overheads function.
- Streamlined annual audit process, working closely with external auditors to ensure accurate representation of company's financial position.
- Prepared detailed variance analyses on a monthly basis, enabling more effective tracking of actuals versus forecasted figures.
- Managed budgeting process, aligning departmental budgets with organizational goals and monitoring performance against targets.
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, petty-cash, expense claim management.
- Led cross-functional teams in process improvement initiatives, enhancing efficiency in financial operations.
- Led implementation of new accounting software, improving data accuracy and accessibility for finance team. Build KPIs and dashboards by connecting various systems together.
- Analyze complex financial information and report to provide accurate and timely financial recommendations to the leadership team for decision making.
- Supporting senior leadership and department heads with in-depth analysis.
- Prepare presentations to the Board and senior leadership that provide insightful analysis, identify required action items, and effectively frame decisions to be made.
- Develop and maintain effective relationships with business partners and cross-functional teams at all levels of the organization.
- Work with the IT consultants as functional head for key IT projects, systems integration and development.
Manager Overheads Accounting
Trafigura Global Services Pvt Ltd
05.2014 - 03.2023
- Accounting of the end-to-end Overheads costs of the Trafigura group, circa 85 entities globally
- Perform financial forecasting, reporting, and operational metrics tracking
- Lead the monthly, quarterly and yearly process to ensure accurate P/L reporting and forecasting
- Prepare report on overheads division financial performance for regular reviews of senior management
- Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements
- Work closely with the various functions in HR, AP, Finance, Group reporting, Business division heads
- Understanding of operational accounting, including AR, AP, GL, cash management
- Coordination and own the financial business process for the Overheads division - Annual business plan/forecasting; financial reporting, strategic planning, quarterly updates, Monthly Forecast & Mid-month Reviews etc
- Identify and drive process improvements, including the creation of standard and ad-hoc reports / dashboards
- Work with IT on the development of automated reporting / forecasting reports / templates etc
- Managing a team of eight, encouraging personal and professional development of the culturally diverse department
- Led a major project transitioning all accounting aspects from Sun System to Microsoft Navision, now working for Oracle transition as Super user
- Collaborating on projects for process improvement by identifying opportunities to improve data comprehensiveness, accuracy and processing time
- Handle the external audit function and review of Internal Controls, ensure and formulate strong controls for all accounting and operational processes
- Manage the operational and fiscal activities of the department to include: staffing levels, budgets, and financial goals
- Brought the monthly closing of the overheads division from business day 10 to business day 2 in span of 2.5 years.
SAP FI & FSCM Consultant
Accenture Services Pvt Ltd.
- Trained in the SAP modules of FI and FSCM
- FI sub-modules includes Accounts Receivable (AR), Accounts Payable (AP), Asset Accounting (AA), New General Ledger (NewGL)
- FSCM sub-modules includes In-house Cash (IHC), Cash Management and Treasury.
Financial Analyst
Willis Processing Services India Private Ltd.
- Financial modeling of the data of the companies based on the model required by the clients of Willis
- Analyzing the Balance Sheet, P/L Reports, commenting on the same, and forecasting the future of the companies
- Expertise in analyzing the financial reports of Life & Non-Life Insurance Companies on a worldwide basis
- Monitoring the recent developments of the companies concerning their Ownership, Business Profile, Subsidiaries, Ratings, M&A, etc
- Tracking performance ratings of all companies to comment on their health & stability and assessing the annual financial accounts to determine performance ratios
- Expertise in analyzing the financial reports of Life & Non-Life Insurance Companies on a worldwide basis
- Assigning the approval status as per the Willis group standards to the companies
- Well versed with the rating agencies like AM Best, Standard & Poor’s, Fitch & Moody’s Websites and the rating methodologies
- Verifying the market solvency of the insurance companies and regularly updating earning database of major insurance groups
- Drafting Ad-Hoc Reports on client request and preparing client specific reports encompassing earnings, management details, peer comparisons, rating details, key ratios and stock updates
- Handling a team of four people as a technical mentor driving their performance monitor performance to ensure effective delivery timely and
- Check & analyze reports prepared by team and think on feet for solutions without compromising analytical quality
- Involved in the development of Financial & MIS Reports and initial Reporting Process by providing KPI’s and analysis to the senior management
- Involved in the “Lean Methodology” practice, to ensure the output are “Right the first time”, which reduced the quality standards coupled with decline in the standard processing time.
Education
ACCA – Diploma in IFRS -
ACCA Institute
CMA (aka ICWA) - undefined
ICWA Institute
M. Com -
Mumbai University
04.2001 - 04.2008
T.Y.B. Com - undefined
Mumbai University
NLP - Practitioner Certified -
ATFellowship
08.2024 - Current
Current location
81/201, B Wing, Chembur, Mumbai, 400089
Timeline
NLP - Practitioner Certified -
ATFellowship
08.2024 - Current
Group Overheads Controller
Montfort India Pvt Ltd
04.2023 - Current
Manager Overheads Accounting
Trafigura Global Services Pvt Ltd
05.2014 - 03.2023
M. Com -
Mumbai University
04.2001 - 04.2008
CMA (aka ICWA) - undefined
ICWA Institute
T.Y.B. Com - undefined
Mumbai University
SAP FI & FSCM Consultant
Accenture Services Pvt Ltd.
Financial Analyst
Willis Processing Services India Private Ltd.
ACCA – Diploma in IFRS -
ACCA Institute
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