NAGARAJAN GANAPATHY
CHARTERED ACCOUNTANT
Coimbatore
Summary
A Chartered Accountant with a professional experience of around 15 years in diverse areas, like Family Office of High-Net-Worth Individuals, Contracts & Cost Management, Procurement Finance, Payables, Budgeting, Internal Audit, Complex analysis for Procurement activities in Supply Chain Management function, with progressive proven experience and a record of success in performance delivery of core strategic objectives and overall cost savings initiatives.
Overview
15
15
years of professional experience
Work History
Senior Accountant
Al Manar Financial Investments SPC
Muscat, Oman
12.2021 - 05.2024
- Treasury management including working capital funding and cash management
- Developed a rolling cash budget model for all the different divisions which is updated periodically to reflect the immediate 3-month, 6-month and 12-month cash requirements to ascertain the funding requirements
- Plan for low cost funding needs according to the above model, to avoid excess idle funds and shortfall
- Periodocal interest rate monitoring across banks, accounts and the region, to take the maximum advantage of low-cost working capital funding
- Finalisation of Books of Accounts for all group companies
- Preparing the Net Worth Statement annually, based on the local banking regulations for Central Bank rules compliance
- Preparation of Quarterly, Half-yearly and Annual Financial Statements in accordance with IFRS requirements, coordination with Statutory auditors, etc
- Income Tax and monthly VAT returns preparation and filing for all group companies
- Tax planning to take maximum advantage, as provided under the Tax laws
- Monthly Payroll processing within the Ministry of Labour prescribed due dates, Social security contribution, and all related compliance
- Budget finalization, monitoring and periodical reporting of Variance analysis
- Preparation of annual and 5-year Budget to focus on Management vision and objectives
- MIS reports monitoring and reporting to Senior management for due and necessary corrections
- Variance analysis and reporting to Divisional heads, for performance evaluation
- Supporting Head of Investments in Evaluation and analysis of various Investment proposals, corresponding funding requirements, optimum cost of capital, Net Return on Investment etc
- Liaison with different banks on the working capital funding requirements
- Cost control for different divisions across the group companies network.
- Completed year-end closing processes with controllers and external auditors.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
- Coordinated with various departments to gather financial data, ensuring accurate representation of each business unit''s performance.
- Assisted in upgrade and conversion of in-house financial systems.
- Contributed significantly towards cost-saving initiatives through meticulous analysis of expenses patterns and identification of areas ripe for optimization.
- Served as a key liaison between Finance and Operations teams, ensuring effective communication on budgetary matters and fostering cross-functional collaboration.
- Developed comprehensive budget plans for each department, collaborating closely with managers to align expenses with strategic goals.
- Ensured regulatory compliance with GAAP standards by staying current on updates and integrating changes into accounting practices as needed.
Senior Officer
Oman Air S.A.O.C
11.2013 - 11.2021
- Contract Management Section
- Liaison with various user depts., for data gathering to create a central repository of contracts within SCM
- Reviewing the existing contractual process and streamlining it for increased efficiency and time management
- Identify which are the areas where standard form contracts are required
- Provide commercial, financial and technical inputs for the contractual process and documents
- Provide draft contracts
- Liaison with IT team for evaluation of vendors for providing Contract Management Solution software
- Processing, performing and managing the contracts across Oman Air (departments and network), finalization, approvals, negotiation / follow-up with suppliers for all contracts and re-tendering/new procurement at the end of the life cycle
- Payables & Budgeting Section
- Handled Super User responsibilities for creation and vendor master updation
- Monthly AP closure
- Airline Finance operations related to AP
- Outstation Finance operations related to AP
- GSA accounting supervision responsibilities
- Reconciliation and resolving audit queries related to AP
- Procurement Financial Controller Activities
- Was responsible in spearheading the negotiation process with high-value category vendors to meet the savings targets set by Crisis Management Board
- Designed the template for monthly, quarterly, and annual procurement reporting in terms of volume of vendors handled and their relative value impacting operations
- Have independently handled the risk category of logistics, also known as Freight Forwarding, involving complex analysis.
Research Analyst
CRISIL Global Research and Analytics (S&P Global)
12.2010 - 10.2013
- Responsible for building and maintaining models, preparing sector reports, business summaries and initiation reports on Banks under coverage
- Preparing Investment rationale by analyzing the strategic business segments, also evaluating them based on the regions of operations, dependence on funding requirements, refinancing obligations etc
- Drafted sector research reports between US and European banks, detailing its environment trends as well as growth potential, competition in market, financial scenario and prepared SWOT analysis for leading players
- Built a comprehensive model that evaluates and scores banks based on its risk, capital strength, funding structure and other relevant parameters
- Supported clients during earnings preview & review and Annual general meetings -updating models and preparing earnings preview report and news alerts.
Deputy Manager
Ashok Leyland Limited
12.2008 - 11.2010
- Review of Monthly, Quarterly, Half-yearly and Annual Budgets of the company to assess the reasons for deviations and necessary further action
- Review & Ensure that the Proper Internal Control System is in place for Financial Accounting & Material Accounting across various Units of Ashok Leyland Limited
- Drawing up of Audit Plans for Various Audits like Financial Accounting Controls & Material Accounting Controls
- Conducting the Meetings with the Respective Departments / Unit Heads for the Significant Observations Observed during the course of Audit
- Implementation of Suggestions Accepted by the Auditee’s / Respective Departments
- Forwarding the Significant Observations observed during the course of Audit to the Audit Committee of M/s
- Ashok Leyland Limited.
Education
Chartered Accountancy -
The Institute of Chartered Accountants of India
P.G. Diploma in IS Audit - undefined
The Institute of Chartered Accountants of India
P.G. Certificate in IFRS - undefined
The Institute of Chartered Accountants of India
B. Com. - undefined
Annamalai University
Skills
Strong analytical skills
Responsible for preparing and finalizing Budget requirements based on varied cost drivers in accordance with the budgeted operations
Business networking skills
Proficiency in contract drafting, Budget Preparation, Monthly reports analysis, Cost saving measures
Deep understanding of the manufacturing business accounting, budgeting and contractual requirements and various aspects of commercial drivers
Responsible for monthly closing of Books of Accounts, review and pass entries for accrued transactions to reflect the fair view of the state of affairs of business entities
Coordinating with various Dept, heads in the operational areas to ensure that the Budget figures are based on the actual cost drivers and best possible estimated usage values in line with the planned growth factor for the Budget year
Ensuring compliance with approved Manual of Authority with regard to accounting treatment, vendor invoice approvals, adherence to credit period offered, analysis between Budget and Actuals on semi-annual basis
Among the various automation projects, have independently handled the implementation of Simplified Invoicing and Settlement platform which was highly cost-effective and automated accounting for routine high-volume invoices
Microsoft Office Applications (MS Word, MS Excel, MS Powerpoint)
Experience in Usage of Oracle Based Accounting Package - ERP & People Soft General Ledgers
Tally & Wings Accounting Package
Financial Reporting
General ledger accounting
Expense Tracking
Payroll Processing
Audit Support
Generally Accepted Accounting Principles
Tax Preparation
Cash Flow Management
Value Added Tax Compliance
GAAP proficiency
Consolidation Accounting
Certified Public Accountant (CPA)
Bookkeeping and Reconciliation
Financial Statements
Analytical Thinking
Problem-solving abilities
Analytical Skills
Budget Analysis
Nameasinpassport
Nagarajan Ganapathy
Personal Information
Date of Birth: 09/17/84
Timeline
Senior Accountant
Al Manar Financial Investments SPC
12.2021 - 05.2024
Senior Officer
Oman Air S.A.O.C
11.2013 - 11.2021
Research Analyst
CRISIL Global Research and Analytics (S&P Global)
12.2010 - 10.2013
Deputy Manager
Ashok Leyland Limited
12.2008 - 11.2010
Chartered Accountancy -
The Institute of Chartered Accountants of India
P.G. Diploma in IS Audit - undefined
The Institute of Chartered Accountants of India
P.G. Certificate in IFRS - undefined
The Institute of Chartered Accountants of India
B. Com. - undefined
Annamalai University