MUKTHYAR MD
Finance and Accounts Professional
Hyderabad
Summary
Proactive manager with demonstrated leadership abilities, strategic planning expertise and problem-solving acumen. Assists senior managers with accomplishing demanding targets by encouraging staff and coordinating resources. Methodical and well-organized in optimizing coverage to meet operational demands.
Seeking senior level assignments in Finance & Accounts with a high growth-oriented organization
Overview
20
20
years of professional experience
3
3
years of post-secondary education
3
3
Languages
Work History
Manager – FP&A
Varsity Education Management Private Limited
06.2022 - Current
- Strong analytical & organizational abilities with adeptness in formulating accounting systems and preparing accounting records/financial statements
- Implemented Oracle Fusion with Integration ~1000 branches, 37 legal entities, 4 Oracle bolt on customizations
- Implementation of Oracle Content Management as per requirements of both management
- Monthly Budget verses Actual analysis with State wise & Branch wise PL
- Marketing Action Proposal Budget Upload and analysis with actual during the period
- Co-ordinate with Business verticals to build their budgets and forecasts
- Proficiency in streamlining the working procedures, formulating cost effective solutions for enhancing the accounting and taxation operations
- An effective communicator with excellent relationship building & people skills.
- Accomplished multiple tasks within established timeframes.
- Enhanced customer satisfaction by resolving disputes promptly, maintaining open lines of communication, and ensuring high-quality service delivery.
Deputy Manager – Finance & Accounts
MNC MAYORA India Private Limited
09.2013 - 05.2022
- Preparation of Brand wise/Regional/State wise P&L, Analysis, and presentation to CEO monthly
- SAP month end closing both plant level and company level
- Ensure the smooth running of the Finance, Accounts & Costing department and provide day to day support to Team-motivating and lead way in developing/improvement process
- Standard Cost Product Wise, Revising and updating monthly and annually
- Review of COGM and COGS on monthly basis along with Actual or Standard cost
- Variance Analysis of Actual and Standard for all the products/SKU
- Expenditure Analysis report for Factory Overhead to measure Cost Control Activities
- Costing run for new SKU and finalize selling price and standard cost
- Manage Team for Physical verification stock for RM, PM, Spares & FG on monthly basis
- Involvement in Gujarat Project of Rs.1000 Cr
- Expenses Planning, responsible for training and team management for financial staff
- Reviewed accounts payable processes and procedures and the general ledger outlined all accounts payable errors by category and recommended solutions, in order of priority documented all accounting processes and made future recommendations
- Supervise the Accounts Receivable team including entry of advance and receipts against bills
- Prepare monthly budget of Hyderabad Plant
- Plant based upon input given by FM, PPIC, HR, AP and Purchase dept
- Manage Accounts Payable Aging, Monitor Advances pertaining to Hyderabad plant and get clear pending open items
- Manage HDFC bank operations and petty cash accounting, IOU follow-up and record management of factory vouchers
- Physical verification of petty cash weekly basis with SAP and BRS
- Looking after of Import related documentation for Raw Material purchase from group companies and monitor payment due
- Support for both Internal and External Audit
- Fixed Asset Tagging, Physical verification of Asset Top 30 items on quarterly basis and remaining items yearly basis
- Assisting new project assigned by company.
- Improved team efficiency by streamlining processes and implementing innovative management strategies.
- Identified areas for improvement within the department, implementing strategic initiatives to address gaps in performance or resources.
Deputy Manager – Finance & Accounts
K R Ferro Alloys Private Limited
07.2012 - 09.2013
- Spearheading a team of 4 employees and a team of 18 members for operations
- Administering finalization of accounts and instrumental in Project Financial Planning and Analysis
- Evaluating accounts payable processes & procedures, general ledger outlined all accounts payable errors by category and recommended solutions
- Handling communication with Bank regarding CMA Data Preparation & Term Loan Disbursement
- Managing statutory payment and fling of returns and validating reports and returns, reconciliation, tally of clearing related accounts
- Leading and supervising R2R (Record to Report) process in Finance & Accounts
- Supervising processing of bills based on P.O
- Matching and approvals required for exception cases.
Asst. Manager – Accounts
Karvy Data Management Services Limited
04.2010 - 06.2012
- Reviewed & Scrutinized Balance Sheet, Profit & Loss and Bank Reconciliations review and scrutiny
- Led a team of 10 employees and handled communication with clients and implemented support system
- Administered journal entries and reconciliations - outputs submitted to client/vendor monthly basis
- Accountable for verifying Journal entries of accruals, prepayments and investigation of debit & credit issued along with proper supporting/approvals
- Instrumental in reconciliation of penalty/wavier related to Operation Service Delivery
- Managed monthly forecast and actual revenue variance reports
- Handed O2C (Order to Cash) process in Accounts Receivable for 2 years
- Coordinated with business/vertical head for Budget preparation and ensured that data laced into databases are accurate and up to date
- Effectively interacted with Statutory Auditors and prepare a Service Tax report as per Customs regulations.
Executive – Accounts
Karvy Computershare Private Limited
12.2004 - 12.2009
- Supervised end-to-end accounting and intercompany reconciliations
- Verified and inspected accounts receivable and payables ledgers and general ledgers for its accuracy
- Managed scrutiny of General Ledger on monthly basis and daybook entries daily
- Managed P2P (Procure to Pay) process in Accounts payable 1 year
- Managed billing of the clients as per agreement along debit and credit notes adjustments if any
- Accountable for processing Supplier Invoices to verify and check all supplier invoices with contract and accuracy
- Supervised Fixed Assets Management and tagged all the assets once every year & kept track of all movement of assets.
Education
Bachelor of Commerce -
Osmania University
Hyderabad 06.1999 - 06.2002
Master of Business Administration - Finance & Operations
Skills
Cost analysis and savings
Conversant with accounting packages such as Tally, Focus, Wings, MS Office, SAP (FICO) & Oracle EBS/Fusion
An eye for detail on work-related tasks to ensure desired quality and for better time management
Adept at working and performing under demanding work environments, meeting deadlines, and steering the organization to progress and profitability
Willingness to learn new tasks & businesses, continuous self-development by enhancing working knowledge of processes specifically those impacting finance operations
Fixed Asset Management
Tally ERP
SAP FICO/PP/PM/SD
Team Management
Quality Management
Account Reconciliation
Revenue Analysis
Budget vs Actual Analysis
Cost Analysis
Accounts Receivable
Accounts Payable
Variance Analysis
Compliance / Liaison
End to End Accounting
Financial Statements
Advertise & Promotion Ex Budget
Support Group & Statutory Audit
Budgeting
Trainings attended
- Attended an Utkarsh meeting conducted by Karvy Data Management for process improvement to reduce both KPI and VTM penalty.
Personal Information
Date of Birth: 03/01/81
Projects
- PMO of Oracle Fusion Implementation with Integration ~1000 branches, 37 legal entities, 4 Oracle bolt on customizations, Oracle Content Management Project, Fixed Asset Management Tagging Application, Tata Teleservices Ltd- Manthan Project, Special Billing & Dynatos Project
Other courses
- Post Graduate Diploma in Computer Application (PGDCA)
- Diploma in Computerized Accounting (Tally, Focus & Wings)
Timeline
Manager – FP&A
Varsity Education Management Private Limited
06.2022 - Current
Deputy Manager – Finance & Accounts
MNC MAYORA India Private Limited
09.2013 - 05.2022
Deputy Manager – Finance & Accounts
K R Ferro Alloys Private Limited
07.2012 - 09.2013
Asst. Manager – Accounts
Karvy Data Management Services Limited
04.2010 - 06.2012
Executive – Accounts
Karvy Computershare Private Limited
12.2004 - 12.2009
Bachelor of Commerce -
Osmania University
06.1999 - 06.2002
Master of Business Administration - Finance & Operations
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