JAYA PRAKASH NIDAMANOOR
Bangalore
Summary
Finance leader with expertise in strategic financial planning and risk management. Optimized cash flow and implemented cost control measures to enhance operational efficiency. Strong analytical skills and effective communication drive collaboration across departments, contributing to organizational growth and profitability.
Overview
30
30
years of professional experience
Work History
Head of Finance
M\s.INTEGRA OFFICE SOLUTIONS
BANGALORE
01.2018 - Current
- Oversaw financial reporting to ensure compliance with regulations and policies.
- Developed annual budgets to align with corporate financial strategies.
- Managed cash flow and forecasting for optimal resource allocation.
- Led financial audits to maintain transparency and accuracy in reporting.
- Implemented cost control measures to enhance operational efficiency.
- Collaborated with department heads to assess financial needs and strategies.
- Trained finance team on best practices and regulatory updates.
- Evaluated investment opportunities to support company growth initiatives.
- Reviewed contracts and agreements to ensure they are financially viable prior to signing off on them.
- Analyzed financial data to identify trends in revenue, expenses, profitability and other KPIs.
- Prepared monthly management accounts with variance analysis for budgeting purposes.
- Conducted regular internal audits of all financial processes to ensure compliance with statutory requirements.
- Managed and supervised the finance team including recruitment, performance reviews and appraisals.
- Identified potential areas for cost savings through process improvement initiatives.
- Collaborated closely with other departments such as HR, IT and operations to ensure alignment between business objectives and financial plans.
- Implemented effective risk management strategies designed to minimize exposure to liabilities and losses.
- Presented board meetings with up-to-date financial information enabling informed decision making.
- Provided timely advice on taxation matters such as VAT returns, corporation tax.
- Developed and implemented financial strategies to optimize cash flow, reduce costs, improve operational efficiency and increase profits.
- Negotiated terms of payment from suppliers to secure better discounts or favorable payment terms.
- Liaised with banks regarding financing options for new projects or investments.
- Advised senior management on investment decisions based on sound financial principles.
- Created and enforced company-wide controls regarding revenue and expenses in concerted effort to protect organization's assets.
- Compiled operational and risk reports detailing financial metrics to help management make proactive decisions.
- Reorganized finance and accounting departments to improve efficiency and cut excess spending.
- Worked with regulatory representatives to complete accurate filings and maintain compliance.
- Raised capital by building partnerships with investors and maintaining strong stockholder relationships.
- Led the preparation and presentation of monthly, quarterly, and annual financial reports to board members and stakeholders.
- Conducted in-depth financial analysis to identify trends, risks, and opportunities for growth and improvement.
- Supervised accounts payable and receivable operations, improving cash flow management and reducing outstanding debts.
- Managed and developed finance department staff, fostering a culture of continuous improvement and professional growth.
- Instituted financial policies and procedures that enhanced accuracy, efficiency, and compliance across the organization.
- Advised executive team on financial implications of business activities, strategic initiatives, and operational changes.
- Coordinated with HR on payroll management and benefit fund allocations, ensuring accuracy and compliance.
- Played a key role in mergers and acquisitions, conducting due diligence and integrating financial systems and processes.
- Implemented rigorous cost-control measures, achieving significant savings without compromising organizational performance.
- Managed treasury functions, including cash management, investments, and liquidity strategies to optimize financial resources.
- Managed relationships with tax authorities, bankers and auditors.
- Developed invoicing systems and internal controls to boost billing efficiencies.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Developed or analyzed information to assess current or future financial status of firms.
- Recommended new financial and accounting software packages. replacing various non-integrated offerings.
- Communicated with stockholders or other investors to provide information or raise capital.
- Analyzed competitors and market trends to facilitate business growth.
Asst.Manager-AP
Aquarelle India Pvt Ltd
08.2015 - Current
- Experienced in spearheading a wide spectrum of Finance & Accounts activities encompassing finalization of accounts, cash flow management, taxation and auditing.
- Demonstrated business acumen in managing finance operations and contributing higher rate of organic growth.
- A strategic planner with expertise in designing and implementing financial systems to facilitate enhanced financial control and also making the business processes more robust.
- Skilled at suggesting possible cost savings and developing a strong control based environment by recommending systems, policies & standard operating procedures.
- Track record of developing and implementing financial & operational controls that improves P&L scenario and competitively positions the firm.
- (Ceil Group)(Garment Industry Imports, Exports and Wholesales)
Manager (Finance & Accounts)
M\s. PT Aura Essence
Jakarta
02.2009 - 06.2015
- Responsible for preparing and finalizing monthly P & L, MIS & annual accounts on time.
- Accountable for assisting the MD for preparing monthly Sales targets per location, annual budgets of each division.
- Ensuring preparation of incentive and commission schemes for BM’s SPVs and BA’s.
- Handling sales, collections, payments to vendors based on aging which include: ensure transfer of billing data into ERP accounting system, provide detailed management information on movements, trends and variance in revenue.
- Entrusted with the responsibility of managing debtors by ensuring timely invoicing for sera. follow up on collections & resolve issues.
- Preparing cash flows and statement of bank balances for strategic payments.
- Random vouching and verification of all accounting transactions in ledger accounts are maintained according to Indonesia PSAK (GAAP) closed ledger accounts with month end provisional entries for depreciation, GWP, duties & POSM, all prepaid expenses.
- Working as overall in charge for preparation of payroll for group companies.
- Coordinating with the tax consultants for providing monthly tax information and payments for corporate taxes on time.
- Preparing the project profitability report for separate projects.
- Overall in charge for the reconciliations of BRS, inter-company transactions, barter & Macula.
- Preparing budgeted Vs actual sales achieved and division profitability reports.
- Assisting in tax, customs and principals annual audits.
- Coordinating with internal purchase logistic department for the updating of stock movements and PCB's.
- Helping management in implementation of SOPs.
- (Imports & Exports, Retailing and Whole Sales of Consumer Products)
- Extensive Control over Accounting Receivables and Accounts Payable in order to collect and make payments within the stipulated due dates.
- Implemented required internal controls to avoid double payments over Accounts Payable and minimize bad-debts from Accounts Receivables.
- Skilled with preparation of annual tax returns of all types of entities including corporate, partnership, trusts, non-profits and Individuals.
- Successfully conducted detailed technical and analytical review of bookkeeping with the monthly provisional entries prepared by associates.
- Carried out field work audits in accordance with firm methodology.
- Served as a part of the team to establish AR & AP processes, controls & systems to ensure operational excellence and reduce risk by 3%.
Manager Finance and Accounts
M\s. Area Communications & Electronics Services Pvt. Limited
Bangalore
11.2004 - 01.2009
- Accountable for Independently handling core accounting functions and finance activities of 3 branches.
- Authorizing Banking Transactions and Tour Voucher Expenses Settlements.
- Ensured statutory compliance under Karnataka VAT and CST Regime like maintaining of statutory registers which includes Form-C, F, E-I, E-II, Stock registers, Input Credit Registers etc.
- Carried out statutory Compliance under Income Tax like deduction and remittance of TDS on payment to contractors, professionals and on rent etc., further preparation and filing of electronic e-TDS returns, issue and collection of TDS certificates.
- Entrusted with the responsibility of statutory compliance under Service Tax Act. like handling registration, preparation of Service Tax & Input Tax Report for remittance of Tax Liability.
- Experience and Knowledge on IFRS, GAAP issued by ISAB and IFAS(PSAK).
- Responsible for meeting all financial reporting deadlines.
- Accountable for approving purchases and clearing vendor bills for payment and verification of debtors and creditors control accounts.
- Ensured staff salary calculation & its disbursement on timely basis.
- Carried out scrutiny and verification of inventory and fixed assets records.
- Accountable for continuous management and support of budget, inventories controls and forecast activities for Cost Controls.
- Entrusted with the responsibility of monitoring and supporting taxation issues, verifying taxation & remittances and responsible for arranging data on periodical basis to tax department as per statutory compliance.
- Expense scrutiny and analysis of Budget Vs Actual.
- Recommending management for implementation of required internal controls based on organizational activities.
- Import, Export Process, LC renewal, Bill Discounting and Customs clearance.
Accounts Manager cum Office Admin
M\s. R.R. Industries
Bangalore
01.2001 - 10.2004
- Executed tasks efficiently within assigned area to meet operational goals
Senior Executive Accounts
M\s. Vaishnava Milks Pvt. Limited
Chennai
06.1999 - 12.2001
CA Article Clerk
CA Article Clerk with SHRI. M. ASHOK KUMAR, FCA
Bangalore
05.1996 - 04.1999
Education
MBA - Finance
Alagappa University
Karaikudi01.2007
M.Com. -
SVU
Tirupathi01.2007
SAP-FICO -
ERP Global
Bangalore01.2006
BCA -
Silicon Infotech
Chennai01.2000
CA Inter & Articles -
ICAI
01.1999
B.Com. -
SVU
Tirupathi01.1996
Skills
- Managing finance functions
- Formulating business plans & annual budgets
- Evaluating internal control systems
- Monitoring preparation of statutory books of Accounts
- Preparing MIS Reports
- Addressing insurance activities
- SAP
- WFX
- Greene Step Advanced Edition – An ERP Package
- Tally (All versions 45, 54 , 63 , 72, 81 & 94 )
- Profit & Net-Profit
- Wings 2000
- Busylite, Xenon, etc
- FoxPro ( Version 50, 60)
- Financial reporting
- Budget management
- Internal auditing
- Cash flow forecasting
- Regulatory compliance
- Strategic planning
- Cost control measures
- Risk management
- Investment analysis
- Data analysis
- Team leadership
- Effective communication
- Problem solving
- Negotiation skills
- Financial systems integration
- Financial operations streamlining
- Profit maximization techniques
- Working capital management
- Revenue recognition expertise
- Debt management and restructuring
- Financial policy creation
- Accounting principles
- Internal controls implementation
- Stakeholder relationship management
- Auditing procedures
- Project finance management
- Cost reduction strategies
- Tax planning and compliance
- Continuous learning mindset
- Financial data interpretation
- Business process improvement
- ERP system implementation
- Corporate governance
- Mergers and acquisitions experience
- Due diligence execution
- Financial analysis expertise
- Financial risk management
- Expense management techniques
- Financial technology adoption
- Attention to detail and accuracy
- Financial statement preparation
- Cross-functional team leadership
- Cash flow management
- Financial strategy development
- Financial performance benchmarking
- Analytical and critical thinking
- Budget planning
- Financial planning
- Strategic financial planning
- Business forecasting
- Mergers and acquisitions support
- KPI tracking
- General ledger entry
- Financial policy development
- Account reconciliation
- Internal controls management
- Risk mitigation
- Compliance monitoring
- Audit coordination
- Account analysis
- Debt management
- Financial reporting and analysis
- Budget design
- General ledger accounting
- Risk assessment & mitigation
- Profitability analysis
- Performance metrics evaluation
Personal Information
Date of Birth: 06/26/74
Extracurricular Activities
Holds the merit of receiving NCC – “C” Certificate Successfully represented college for four years in Cricket and Football Served as a member of the Placement cell in College
Languages
- Kannada
- Telugu
- Tamil
- Hindi
- Bahasa Indonesia
- English
- Kannada
- Telugu
- Tamil
- Hindi
- Bahasa Indonesia
Skype Id
jpnpkl1
Websites
Timeline
Head of Finance
M\s.INTEGRA OFFICE SOLUTIONS
01.2018 - Current
Asst.Manager-AP
Aquarelle India Pvt Ltd
08.2015 - Current
Manager (Finance & Accounts)
M\s. PT Aura Essence
02.2009 - 06.2015
Manager Finance and Accounts
M\s. Area Communications & Electronics Services Pvt. Limited
11.2004 - 01.2009
Accounts Manager cum Office Admin
M\s. R.R. Industries
01.2001 - 10.2004
Senior Executive Accounts
M\s. Vaishnava Milks Pvt. Limited
06.1999 - 12.2001
CA Article Clerk
CA Article Clerk with SHRI. M. ASHOK KUMAR, FCA
05.1996 - 04.1999
MBA - Finance
Alagappa University
M.Com. -
SVU
SAP-FICO -
ERP Global
BCA -
Silicon Infotech
CA Inter & Articles -
ICAI
B.Com. -
SVU