Manohar Reddy

Responsible for end-to-end financial accounting and compliance activities for the India and US business operations with a team of three members. Accountable for budgeting, financial documentation and reporting, Capitalization Table, statutory compliances, fund raising, payroll Management, direct tax provisions, Legal agreements, GDPR Compliance, stakeholder and team management.

Representing the finance and compliance function at various strategic meetings and discussions involving formulation of long/short term strategies and action plans in line with corporate goals.

Financial Management

spearheaded the company budget right from estimation of expenditures, Accounts Receivables and revenues to defining savings/debt payoff goals, deficit estimation/narrowing, and presentation and approvals.

Leveraged financial data analysis to provide actionable insights for informed decision-making, driving profitability and strategic growth.

Managing the ESOP (Employee Stock Ownership Plan) and Cap Table and ensuring documentation, Compliance of applicable US and Indian Laws.

Managing and ensuring timely and accurate processing of the company-wide payroll which includes consideration of benefits and deductions, and distribution of employee pay for relevant time period.

Pivotal in the organization-wide financial initiative of implementing Revenue Recognition principle of AS 606 as mandated by the FASB.

Merger and Acuistion

§ Led M&A stakeholder communication, fostering trust & collaboration through clear communication & preemptive issue resolution. Deep regulatory expertise mitigated risks & enabled a smooth, value-generating acquisition.

Fund Raising

Played a pivotal role in raising a total of $20million across two venture capital rounds, spearheading market research, investor pitching, due diligence management, and successful deal closures.

Successfully secured $5 million in debt financing, encompassing meticulous needs assessment, comprehensive debt modeling, strategic sourcing, and skillful negotiation with lenders.

Compliances

Steered comprehensive compliance across all national and international regulations, safeguarding company operations and mitigating legal risks.

Mastered intricate compliance landscapes: GST audit, STPI, IRS, and state/federal reporting, ensuring timely and accurate filings.

Expertly interpreted and applied audit requirements for diverse departments, fostering collaboration and achieving zero observations.

Spearheaded internal control audits and fraud prevention initiatives, building robust systems to minimize vulnerabilities and maximize financial integrity.

· Continuously benchmarked industry best practices through GAP analysis, driving proactive compliance upgrades and improved financial governance.

Taxation

Implemented revised taxation strategies and policies; managed and complied with all GST provisions related to periodical returns, audit and refunds, direct tax, and corporate law provisions:

Secured and obtained refund of Service Tax and GST from the relevant government agencies.

Managed and complied with all GST provisions related to periodical returns, audit, and refunds, direct tax, and corporate law provisions.

Mentored the team members to greater performance, created and implemented tax plans and works for identifying opportunities for process improvements and potential areas of risk.

Monitoring current and impending changes to tax regulations and implementing appropriate updates to the relevant company policies and processes.

MIS Reporting

Preparing and publishing monthly and quarterly financial statements and reports reflecting a ‘true and fair’ picture of the business performance.

Revamped the existing MIS reporting mechanism and enabled dynamic and real-time reporting to facilitate senior management in informed decision making.

Submitting reports to senior leadership teams and stakeholders and providing advice on probable financial impact with respect to future business decisions.

• Crafted accurate and insightful monthly and quarterly financial reports, including Balance Sheets, Income Statements, Cash Flow Statements, and Statements of Stakeholders Equity, for informed decision-making
• Streamlined operational workflows through efficient payroll processing, meticulous budget preparation and variance analysis, concise Board Meeting minutes drafting, and meticulous filing compliance.

• Contributed to financial and operational risk reduction by evaluating effectiveness of controls and subsystems
• Analyzed and prepared annual budgets to contain costs, minimize losses and assure compliance with internal controls

• Leveraged legal expertise to support financial function in dynamic environment
• M&A Support: Conducted thorough legal due diligence for company acquisition, contributing to seamless transaction completion
• Taxation Specialist: Mastered compliance, preparing and filing TDS/Service Tax returns and refund applications, and calculating Advance Tax liabilities
• Financial Operations Champion: Maintained meticulous accounting records, managing Accounts Payable, General Ledger, Employee Reimbursements, and procurement processes with accuracy and efficiency
• Contractual Diligence: Ensured smooth vendor relationships by reviewing and negotiating vendor agreements.