RENUKA NALAM
HYDERABAD
Summary
Highly-motivated , Sincere and diligent professional with 20 years Experience in Commercial Functions with desire to take on new challenges. Strong worth ethic, adaptability and exceptional interpersonal skills. Adept at working effectively unsupervised and quickly mastering new skills.
Overview
20
20
years of professional experience
1
1
Certification
Work History
Budget, Cost Control & MIS
Shapoorji Pallonji and Co Pvt ltd
HYDERABAD
06.2004 - Current
- Training of New Staff to the Company on Commercial Functions and related Modules of SAP like Material Management Module, Project System Module and Sales Distribution Modules and Solving thier quarries and Problems in operating the Modules.
- ·Regular interactions with project teams to understand the variation heads by ·Compilation of month-on-month time related cost.
- ·To finalize the action plan to optimize the cost by Computation of variance with respect to initial budget.
- ·Quarterly compilation of material usage variance by Preparation of Material Reconciliation Statement for monitoring wastage.
- ·Regular interactions with project teams to understand the variation heads and to finalize the action plan to optimize the cost by ·Computation of variance with respect to initial budget.
- Implemented internal controls procedures across multiple departments in order to improve accuracy of financial reporting.
- Reviewed project costs and identified areas for improvement in order to optimize resources and reduce expenses.
- Provided training and guidance on best practices related to cost control policies and procedures.
- Created and maintained project budgeting, forecasting, and tracking processes to monitor progress against financial objectives.
- Identified opportunities for process improvements and conducted root cause analysis on budget variances.
- Analyzed cost trends over time to provide recommendations on cost reduction strategies.
- Performed periodic audits of accounts payable invoices and purchase orders for accuracy prior to processing payments.
- Developed financial analysis of projects to ensure compliance with cost control requirements.
- Monitored project budgets throughout the lifecycle of the project ensuring that all costs are within approved limits.
- Prepared detailed monthly reports for senior management outlining spending levels compared to budget targets.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Created and updated financial reports on frequent basis to present information to leadership teams.
- Analyzed actual financial results to budget, preparing variance reporting to functional groups.
- Conducted reviews and evaluations for cost-reduction opportunities.
- Analyzed financial data to identify trends and improve performance.
- Managed budgeting, forecasting, and cash flow processes for organization.
- Oversaw accounting functions including accounts payable and receivable.
- Prepared monthly, quarterly, and annual financial reports for management.
Education
M.Tech
Sri Venkateswara University
Tirupati03-2003
B.Tech
RVR & JC College Os Engineering
GUNTUR03-2001
Skills
- Cost Variance Analysis
- Financial Forecasting and Cash Flow
- Training to Staff on Costing and SAP
- Annual Budget
- Escalation and Claims
- Profit and Loss of Projects and Region
- Reconciliation of Material and Wroks
- Cost to Complete of the Projects
- Cost Monitoring
- Monthly Review Meetings with management
Accomplishments
- Internal Audtor
- Regional Trainer in Costing in Construction
- Best Regional Commercial Head in Women
- Region SAP Champion in Construction
Certification
- Internal IMS Auditor
Languages
Telugu
First Language
English
Proficient (C2)
C2
Hindi
Advanced (C1)
C1
20 years experience in Project Management and Commercial Functions heading Budget, Cost Control & MIS Department in Regional office, Hyderabad in Shapoorji Pallonji Co Pvt Ltd
Completed M,Tech in Structural Engineering in 2003 . joined Shapoorji Pallonji and Co Ltd in 2004, began carrier handling Quantity Surveying, Client Billing and Sub Contractor billing over the years, grown professionally to handle the Commercial function independently. In Current role as Regional Commercial Head in Budget, Cost Control and MIS responsible for Budgetting, Profit & Loss of Projects and Region , Cost Monitoring , Prestart Estimates, Cost to Complete of all Projects and Receivables etc. Training Sub ordinates and Mentor to several young women in the organization and aspiries to contribute more to the future growth of organization.
Timeline
Budget, Cost Control & MIS
Shapoorji Pallonji and Co Pvt ltd
06.2004 - Current
M.Tech
Sri Venkateswara University
B.Tech
RVR & JC College Os Engineering
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