PRAKASH T
Bengaluru
Summary
- Results-oriented Finance and Accounting professional with nearly 9 years of experience in auditing across diverse industries, including software development, insurance, textile, and manufacturing. Proven track record in enhancing financial performance and implementing robust financial controls. Core competencies include financial analysis, budget management, and regulatory compliance, driving strategic decision-making and operational efficiency. Committed to leveraging expertise to contribute to organizational growth and success.
- Finance and Accounts professional with extensive experience in leading comprehensive audits, including internal and statutory audits, across diverse sectors such as software development, insurance, and manufacturing. Proven track record in ensuring process adherence and compliance while optimizing financial operations. Core competencies include risk assessment, financial reporting, and regulatory compliance management. Aiming to leverage expertise to enhance organizational efficiency and drive financial integrity.
- Detail-oriented accounting professional with proficiency in core accounting practices, ensuring accurate management of pay-outs and financial transactions. Proven ability to support managerial functions through meticulous record-keeping and effective communication. Strong analytical skills enhance decision-making processes, contributing to overall financial efficiency.
- Experienced in managing quality process operations with an aim to accomplish corporate plans & goals
- Proficiency in coordinating with internal/external clients for running successful business operations and experience of implementing procedures and service standards for business excellence
- Quick learner and highly energetic having a keen aptitude for learning and productively applying new knowledge resourcefully
- Excellence in Accounts payables, MIS, team management, talent matrix development, cross function training using advanced audit techniques to support the management in the competitive market
Overview
9
9
years of professional experience
Work History
Finance Executive
Altair Engineering India Private Limited
Bangalore
10.2020 - Current
- Driving the overarching accounts payable, with a focus on transforming compliance into a value creation group by working in collaboration with external vendors, tax authorities, and internal employees, etc.
- Directed end-to-end accounts payable procedures, including expense reimbursements for staff.
- Executed vendor payouts efficiently across domestic and international platforms.
- Utilized SAP Concur for accurate management of expense reimbursements.
- Handled preparation of tax documents Forms 15CA and 15CB for effective wire payment processing.
- Preparation of month-end reports, expense accruals, advances to suppliers, employee advances, and trade creditors.
- Managed reconciliation of employee and parent's medical insurance.
- Processing of forex advances for employees traveling overseas, and recovering the forex advance while processing the settlement.
- Managed wire transfer coordination and bill of entry clearance operations.
- Coordinating with internal and external clients for running successful business operations, and experience in implementing procedures and service standards for business excellence.
- Conducted process reviews in line with defined guidelines for compliance.
- Coordinated communication between vertical management, support teams, and diverse stakeholder levels.
- Increased operational efficiency through strict adherence to SOP and audit compliance.
- Executed coordination efforts to ensure comprehensive support during internal, tax, and statutory audits.
- Managed transition process for upgrading from SAGE Accpac to Oracle NetSuite.
- Organized periodic meetings with business units and partners to drive resolution of significant concerns.
- Prepared monthly review files for management evaluation.
- Provided regular updates on payable projections to the management during reviews.
- Demonstrated proficiency in Oracle NetSuite, SAGE Accpac, and SAP Concur.
Audit Executive
Varma & Varma, Chartered Accountants
Bangalore
10.2015 - 09.2020
- Driving the overarching audit process with a focus on transforming compliance into a value-creation group by working in collaboration with clients, tax authorities, ROC, CBEC, etc.
- Proficiency in statutory, tax, GST, and internal audit experience covers a variety of sectors, including insurance, textile, information technology, manufacturing (cables, digital printing and signage, home appliances, machinery).
- Managed comprehensive concurrent audits for procurement and cash disbursement processes.
- Coordinated with internal and external clients to ensure successful business operations.
- Executed detailed process reviews aligning with organizational guidelines.
- Coordinated collaboration between vertical management, technology units, domain experts, and support groups.
- Streamlined operations by following SOP and maintaining audit compliance.
- Review of the profit and loss account, cash flow statements, and balance sheet.
- Verified statutory compliances for TDS, GST, PT, PF and ESI.
- Conducted interpretation of account records for actionable insights.
- Handled tax return preparation for both individual and partnership clients.
- Produced detailed financial documentation for both Private Limited Companies and trusts.
- Prepared finalized accounts to ensure compliance with taxation requirements.
- Steered internal and concurrent audits, obtaining satisfactory ratings for process adherence.
- Facilitated regular discussions with business lines and partners about critical concerns.
- Organized essential documents for seamless managerial assessments.
- Shared payables prediction with leadership team in routine evaluations.
Education
B.com -
Bangalore University
05.2015
Skills
- Accounts Payable
- Accounts Receivable
- Regulatory Compliance Audit
- Tax Compliance Audit
- Internal Audit Expertise
- Concurrent Audit
- Financial software proficiency
- Audit preparation and response
- Data inputting
- Variance analysis
- Audit preparation and response
- Leadership and Collaboration
- Task Prioritization
- Client Service Excellence
- Management Information Systems Reports
- Oracle NetSuite
- SAGE Accpac
- SAP Concur
- Tally ERP 9
Languages
- English
- Kannada
- Hindi
- Tamil
- Telugu
Personal Information
- Location Preference: Bengaluru
- Date of Birth: 01/21/95
Accomplishments
- Best audit executive award in the year 2019
Timeline
Finance Executive
Altair Engineering India Private Limited
10.2020 - Current
Audit Executive
Varma & Varma, Chartered Accountants
10.2015 - 09.2020
B.com -
Bangalore University
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