R Dayanand Rao
Manager - Accounts & Finance
Bengaluru
Summary
Accomplished financial management and accounting professional with years of demonstrated positive impact on company growth. Proven expertise in employing accounting and management best practices, leadership, and strategic changes to drive improvements in financial operations. Extensive experience in financial planning, taxation and audit, risk management, forecasting, and control.
Overview
20
20
years of professional experience
Work History
Manager
Finance and Accounts One India
07.2023 - Current
- Managing complete finance and account operations for six branches in two companies.
- Worked on controllership functions covering month close, ledger review and Financial reporting
- Preparation of Budget and analyzing the budgets with actuals
- Implemented ERP system (Microsoft Dynamics 365).
- · Preparation of Financial statements applying Indian GAAP
- Executed seamless data transfer between legacy system and ERP.
- Handled statutory audit of two companies, following IND AS guidelines.
- Planned, organised, and managed internal audits, completing them according to audit plans.
- MIS reporting with Balance Sheet schedules, Cash Flow statements, and Variance Analysis.
- Handled GST audit and Tax audit.
Manager - Accounts
Bloom Energy India Pvt Ltd
07.2010 - 11.2022
- Leading a team of 5 members
- Responsible for entire gamut of General Ledger, Fixed Assets, Banking and Accounts Payable activities
- Responsible for preparing Variance Analysis of TB, IS and BS between prior period and current period
- Engaged in month-end closing, AP & PO module closure, review of BRS, schedules for the Balance Sheet, AP, AR Reconciliation and Reporting
- Preparation of Budget and analyzing the budgets with actuals
- Vital role in successful completion of audits including Statutory audit, Tax Audit, Internal audit and ICFR audit
- Ensured the adherence of all Indirect Tax related matters of the company including filing of monthly and annual returns as required by local tax & legal legislations such as Goods and Services Tax, Value Added Tax, Service Tax and Central Sales Tax
- Successfully filed and procured refunds of Goods and Services Tax, Value Added Tax, Service Tax and Central Sales Tax
- Vast experience in handling departmental audits and assessments related to Goods and Services Tax, Value Added Tax, Service Tax and Central Sales Tax
- Expertise in preparing Working Capital, Cash Flow Analysis, and Managing funds in most effective manner after projecting accurate cash forecast and ensuring that there is no shortage of cash in hand
- Interacting with the Banks to ensure Forward Contracts for the foreign receivables
- Supporting the team to close open items in EDPMS and IDPMS
- Aging and monitoring of Intercompany Receivable/Payable including the revaluation
Accounts Executive
TeamLease Services Limited
07.2008 - 06.2010
- Processing of payments (INR and NON INR)
- Preparation of Bank reconciliation statement
- Periodic Vendor Reconciliations
- Filing of VAT and Service Tax returns
- Issuing C Forms
Junior Accountant
Sundar and Co
04.2007 - 06.2008
Associate
Transworks Information Services Ltd
07.2006 - 03.2007
- Worked as an Associate in Finance team of 'Monster' (Job seeking portal)
- Processing of Invoices
Education
Bachelor of Commerce -
SSMRV College
Bengaluru05-2005
Skills
Indian GAAP
Budgeting and Forecasting
Statutory and Internal Audit
Goods and Service Tax (GST)
Controllership
Fixed Assets
Accounts Payable and Receivable
Microsoft Dynamics 365
Oracle R12
Tally Prime edit log
Proficiency in MS Office
Excellent managerial techniques
Timeline
Manager
Finance and Accounts One India
07.2023 - Current
Manager - Accounts
Bloom Energy India Pvt Ltd
07.2010 - 11.2022
Accounts Executive
TeamLease Services Limited
07.2008 - 06.2010
Junior Accountant
Sundar and Co
04.2007 - 06.2008
Associate
Transworks Information Services Ltd
07.2006 - 03.2007
Bachelor of Commerce -
SSMRV College