Palle Rama Lakshmi Reddy
Hyderabad,Telangana
Summary
Strategic operations leader and Chartered Accountant with 14+ years of experience in Advertising, KPO and professional services. Scaled offshore operations for multiple Australian accounting firms, managing large remote teams and optimizing workflows. Expertise in aligning compliance with profitability, specializing in advanced controls and client retention strategies. Transformed complex operations into streamlined business units.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Head Of Business Services
Solutions Centric Global Pvt Limited
Hyderabad, Telangana
03.2025 - Current
- Develop and implement accounting policies and procedures and ensure compliance with all applicable laws and regulations.
- Ind AS, IFC implementation and Risk management.
- Ensure compliance with Income Tax, GST, Statutory audit, and regulatory requirements.
- Finalization of multiple subsidiaries and consolidation of accounts under Ind AS.
- Key player in implementing value creation / EBITDA for projects.
Business Services Manager
Solutions Centric Global Pvt Limited and Kloud Connect Tech Pvt Limited
Hyderabad, Telangana
01.2022 - 02.2025
- Strategic finance, FP&A, Budget & Forecasts, P&L Analysis, Business Valuations.
- Manage cashflow and maintain healthy liquidity levels.
- Liaise with financial institutions to secure credit facilities when required.
- Quarterly Board presentations & Active participant in Board meetings.
- Contract negotiations, product costings & Pricing, Operational efficiency.
- Team Leadership, Organizational Re-engineering, Business partnering, Corporate Governance.
- Work with leadership to support new business initiatives.
- SOPs and policies formulation and ensure adherence to the same.
- Preparing and delivering financial presentations to support decision making.
- Identifying financial risks and implementing strategies to mitigate them.
- Collaborated with customer acquisition team to select candidates for accounting roles based on resource requirements from Australian firms.
- Prepared monthly reports summarizing key metrics relating to business services activities.
- Managed the preparation of financial statements, budgets, and other reports for management review.
- Analyzed client feedback data to identify areas for improvement in service delivery.
- Collaborated with internal departments such as Sales, HR, management and IT to ensure smooth functioning of operations.
- Recommended improvements to enhance existing processes and systems.
- Assessed staffing needs and recruited qualified personnel to fill vacancies within the department.
- Established and maintained relationships with clients, financial institutions, auditors, and parent company stakeholders.
- Trained candidates according to specifications from Australian firms, successfully placing them within the organization.
- Regularly communicated with Australian firms to gather feedback on candidate performance and discussed necessary workflow improvements with staff and assistant manager.
- Built offshore teams for over 10 Australian firms, including senior accountants, auditors, graduate accountants, bookkeepers, and compliance assistants.
- Developed organizational structure with defined hierarchy, roles, responsibilities, performance benchmarks, and KPIs for accounting staff.
- Conducted annual reviews of staff members using internal reports and client feedback and sent to the remuneration committee.
- Identified growth opportunities with clients and cross-sold other company line of services such as para-planning, SMSF, Portfolio, administration and marketing.
- Managed daily operational activities while ensuring compliance with internal controls.
- Lead and mentored a team of 50+ FTEs in the field of accounting, audit and taxation.
- Oversee the accounting operations.
Manager - Accounts
AccSource KPO India Private Limited
Chennai, Tamilnadu
11.2018 - 12.2021
- Financial reporting and analysis.
- Monitor cash flow and liquidity and advise on strategies to maintain a strong financial position.
- Developed accounting team through goal setting and performance evaluations to enhance operational efficiency.
- Advised senior management on financial matters to support strategic decision-making.
- Ensure that the company's financial records are organised and accurate.
- Performed ratio and variance analysis to inform management decisions.
- Periodic finalisation of books and coordination of the statutory audits thereon.
- Liaise with external auditors and other financial professionals.
- Reviewed and prepared financial statements and tax returns for diverse entities, ensuring compliance and accuracy.
- Calculated various tax liabilities, including capital gains tax, fringe benefits tax, goods and services tax, payroll tax, and group tax optimization.
- Collaborated with heads of service lines to gather information for client billing processes.
- Managed invoice preparation and sent invoices to clients while reconciling accounts receivable.
- Conducted interviews and hired candidates to fill necessary positions.
- Prepared comprehensive financial statements and supporting work papers using Xero and Excel, facilitating clear financial reporting as per Ind AS and IFRS.
- Reviewed financial statements, business activity statements, and income tax returns for multiple entities including subsidiaries, ensuring compliance and accuracy.
- Managed preparation and lodgment of FBT returns accurately and on time.
- Handled complex group jobs, including Div7A and R&D schedules, optimizing group tax positions.
- Engaged with clients weekly to discuss workflow priorities and identify opportunities for process improvements, enhancing client satisfaction.
- Liaising with external auditors and vendors.
- Allocated jobs to team members, ensuring timely delivery of all assignments.
- Trained new team members to enhance departmental efficiency and cohesion.
- Met daily client requirements by prioritizing and delivering essential tasks.
- Led team of articled assistants in managing statutory audits and compliance tasks, enhancing audit quality.
- Prepared financial statements according to Indian accounting standards and IFRS.
- Secured ROC compliance and FDI reporting under FEMA regulations, ensuring adherence to legal standards.
- Assisted in preparation of audit documentation for client financial statements.
Audit Executive
RSJV & Associates
Chennai, Tamilnadu
10.2015 - 10.2018
- Financial reporting and analysis.
- Monitor cash flow and liquidity and advise on strategies to maintain a strong financial position.
- Developed accounting team through goal setting and performance evaluations to enhance operational efficiency.
- Advised senior management on financial matters to support strategic decision-making.
- Ensure that the company's financial records are organised and accurate.
- Performed ratio and variance analysis to inform management decisions.
- Periodic finalisation of books and coordination of the statutory audits thereon.
- Liaise with external auditors and other financial professionals.
- Reviewed and prepared financial statements and tax returns for diverse entities, ensuring compliance and accuracy.
- Calculated various tax liabilities, including capital gains tax, fringe benefits tax, goods and services tax, payroll tax, and group tax optimization.
- Collaborated with heads of service lines to gather information for client billing processes.
- Managed invoice preparation and sent invoices to clients while reconciling accounts receivable.
- Conducted interviews and hired candidates to fill necessary positions.
- Prepared comprehensive financial statements and supporting work papers using Xero and Excel, facilitating clear financial reporting as per Ind AS and IFRS.
- Reviewed financial statements, business activity statements, and income tax returns for multiple entities including subsidiaries, ensuring compliance and accuracy.
- Managed preparation and lodgment of FBT returns accurately and on time.
- Handled complex group jobs, including Div7A and R&D schedules, optimizing group tax positions.
- Engaged with clients weekly to discuss workflow priorities and identify opportunities for process improvements, enhancing client satisfaction.
- Liaising with external auditors and vendors.
- Allocated jobs to team members, ensuring timely delivery of all assignments.
- Trained new team members to enhance departmental efficiency and cohesion.
- Met daily client requirements by prioritizing and delivering essential tasks.
- Led team of articled assistants in managing statutory audits and compliance tasks, enhancing audit quality.
- Prepared financial statements according to Indian accounting standards and IFRS.
- Secured ROC compliance and FDI reporting under FEMA regulations, ensuring adherence to legal standards.
- Assisted in preparation of audit documentation for client financial statements.
Management Trainee To Manager
Focus Management (Part of Appco Group)
Coimbatore, Tamilnadu
06.2012 - 09.2015
- Executed face-to-face marketing, engaging over 5,000 customers and securing 500+ deals for Cry and Save the Children NGO, driving revenue growth.
- Managed a team of over 16 members, consistently achieving customer acquisition targets.
- Conducted interviews and hired graduates, training them in face-to-face marketing techniques, ensuring effective team performance.
- Facilitated motivational meetings to energize team members prior to field activities, boosting sales performance.
- Scrutinized general ledger to ensure accurate financial reporting.
- Reconciled accounts receivables and payables, analyzing aging reports to identify and address discrepancies.
- Followed up with customers to expedite payments and reduce outstanding balances.
- Prepared bank reconciliation statements to maintain accurate cash flow records.
- Managed intercompany transaction reconciliations to ensure consistency across accounts.
- Compiled financial statements to support bank loan applications and establish cash credit limits.
- Filed TDS, Service Tax, Security Transaction Tax, and PF returns to comply with regulatory requirements.
- Drafted annual reports for stakeholders, highlighting financial performance and compliance.
Industrial Trainee
IFCI Financial Services Ltd
Chennai, Tamilnadu
05.2011 - 01.2012
Article Assistant
RSJV & Associates
Chennai, Tamilnadu
05.2009 - 04.2011
Article Assistant
K.S. Satagopan & Associates
Chennai, Tamilnadu
07.2008 - 04.2009
Education
Chartered Accountant (CA) - Accounting, Audit and Taxation
Institute Of Chartered Accountants Of India (ICAI)
05.2012
B.Com - Accounting and Finance
Indira Gandhi National Open University
01.2024
Ind AS Certification Course - Indian Accounting Standards and IFRS
Institute Of Chartered Accountants Of India (ICAI)
06.2021
Computer Training Course - undefined
Institute Of Chartered Accountants Of India (ICAI)
01.2019
Intermediate (12th) - Mathematics, Physics and Chemistry
Sri Venkateswara Junior College
03.2007
10th - undefined
Sri Bharathi Vidya Mandiram
03.2005
Skills
- Technical & Software Expertise
- Leadership & Management
- Microsoft Office Suite: Excel, Word, PowerPoint
- Accounting & ERP Systems: Tally 9 ERP, Xero, MYOB, QuickBooks, LodgeIT, HandiSoft, iFirm, Sage, APS XPA
- Financial Reporting & Analysis
- Budgeting, Forecasting & Financial Planning
- Tax & Regulatory Compliance
- Risk Assessment & Management
- Data Protection & Confidentiality
- Technology Integration Solutions
- Strategic Planning & Executive Decision-Making
- Team Leadership
- Staff Management
- Management & Training
- Coaching & Mentoring
- Performance Evaluation
- Employee Motivation & Team Building
- Operations Management
- Cross-Functional Collaboration & Communication
- Business Development & Growth Strategies
- Business Planning & Policy Development
- Brand Strategy Development
- Client Relationship & Stakeholder Management
- Contract Negotiation & Negotiation Skills
- Business Partnering
- Process Improvement
- Analytical Thinking & Strategic Problem Solving
- Effective Communication & Strategic Communication
- Customer Service Excellence
- Multitasking & Adaptability
Certification
- Ind AS Certification Course from ICAI
- Xero Adviser Certification
Accomplishments
- Strategically expanded offshore capabilities by building and leading a robust team of 50+ professionals, transitioning from an individual contributor to overseeing a full-scale department in Solutions Centric Global Pvt Ltd (100% owned by Solutions Centric Pty Ltd, which is part of Count Ltd).
- Executed comprehensive end-to-end internal audits for the Sri Krishna Group (Ceedees Group, Erode), a diversified conglomerate with an annual turnover of ₹100 Crore.
- Directed the first-ever full-scale Statutory Audit for International Agricultural Processing Pvt Ltd (₹400 Cr Turnover).
Languages
English
Hindi
Tamil
Telugu
Awards
Recipient of the 'Employee of the Month' Award at AccSource KPO India Private Limited for consistently delivering high-quality financial reporting and exceeding client expectations.
Timeline
Head Of Business Services
Solutions Centric Global Pvt Limited
03.2025 - Current
Business Services Manager
Solutions Centric Global Pvt Limited and Kloud Connect Tech Pvt Limited
01.2022 - 02.2025
Manager - Accounts
AccSource KPO India Private Limited
11.2018 - 12.2021
Audit Executive
RSJV & Associates
10.2015 - 10.2018
Management Trainee To Manager
Focus Management (Part of Appco Group)
06.2012 - 09.2015
Industrial Trainee
IFCI Financial Services Ltd
05.2011 - 01.2012
Article Assistant
RSJV & Associates
05.2009 - 04.2011
Article Assistant
K.S. Satagopan & Associates
07.2008 - 04.2009
Chartered Accountant (CA) - Accounting, Audit and Taxation
Institute Of Chartered Accountants Of India (ICAI)
B.Com - Accounting and Finance
Indira Gandhi National Open University
Ind AS Certification Course - Indian Accounting Standards and IFRS
Institute Of Chartered Accountants Of India (ICAI)
Computer Training Course - undefined
Institute Of Chartered Accountants Of India (ICAI)
Intermediate (12th) - Mathematics, Physics and Chemistry
Sri Venkateswara Junior College
10th - undefined
Sri Bharathi Vidya Mandiram