Narayanan S
Chennai
Summary
A Chartered Accountant having around 30 years' Experience (25 years Post Qualification Experience) in Accounts/Finance with Strong Interpersonal & Management Skills, results driven, Initiative-taking and ability to lead a team with an experience of 22 years as a Head of Accounts & Finance and have exposure in Manufacturing, Trading, Real Estate & Service Industry in a multi-cultural environment covering the following areas: Finalisation of Accounts, Statutory Audit, Internal Audit, Due Diligence, Project Accounting, MIS, Business Planning & Budgeting, Funds Management, Taxation, Dealing with Banks & Credit Rating Agencies, Treasury functions, System Development, ERP Implementation, Strategic Decision Making, Internal Finance Control, RERA Compliance, GST Implementation & Compliance, Corporate Finance & Administration and IFRS and IND AS
Overview
30
30
years of professional experience
21
21
years of post-secondary education
Work History
V.P. – Accounts & Finance
Casa Grand Space Intell Pvt. Ltd.
5 2023 - Current
- Reporting to CFO and MD and Managing a Team of 7 Staffs
- Handled Finance Due Diligence, Statutory Audit & of Group Companies
- Handled exit formalities of 2 companies by reviewing conditions precedent and Sale consideration workings and finalizing Transition Services agreement (TSA) with them
- Fixed Assets Classification of Building (Electrical, Civil, Plumbing, HVAC, DG, Transformer, Firefighting, Interiors etc.) and capitalization
- Re-Solving the queries raised by Statutory Audit & Internal Audit
- Responsible for preparing Weekly Cash Flows and Funds Management
- Submission of Budget vs Actuals spend for all the Projects on weekly basis
- Profitcentrewise Report for all the Contractual Projects
- Responsible for Overall Compliance (GST, TDS & Income Tax) of all the Group companies
- Finalizing Land Assets Accounting and Capitalization of Project expenses.
Senior AGM – Accounts
Sundaram Home Finance Limited
10.2021 - 04.2023
- Ensuring Timely Processing of All Bills within the Turnaround time by the Accounts Payable Team
- Managing Accounts Payable Team for processing all Bills (I.T., Administration, HR, Credit, Legal & Legal Receivables) in a timely manner and ensure that all Bills are processed with accuracy and making payments to all Vendors in time after checking the necessary approvals
- All Statutory payments like GST, TDS etc
- Paid on or before due date and filing of GST and TDS Returns on time
- Monthly Accounts Closure by coordinating with all teams
- Ensuring all Monthly closing entries like Provision for expenses are accounted
- BRS for all the Banks completed by second of subsequent month
- Ensuring posting of all entries from sub-systems (Treasury, Deposits and HRMS) to main system
- Review of Fixed Assets accounting, Disposal entries and Depreciation
- Review of Monthly Accounts and submitting to Management
- Quarterly Financials Review, Audit, Compliance & Bank-coordination
- Review of Quarterly financial statements & Schedules
- Submission of Quarterly Financial Statements to CFO and to Audit Committee
- Publication of Quarterly results to Stock Exchange
- Handling parent company reporting requirements on a quarterly basis
- Compliance with SEBI, RBI and NHB Guidelines
- Review and approval of IND AS requirements of Security deposits, right of use assets, Concessional Staff Loans & Deposits related Transaction costs
- Review and approval of Actuarial valuation of Gratuity, Leave Salary & Related Party Table
- Arranging for Interim and Final Dividend pay-outs
- Co-ordination with Statutory & Internal Auditors
- Review and Completion of Annual Report before deadline
- Involved in updating the SOP's (Process Manuals) & Developing Risk control Matrix for Accounts Payable, Taxation, Loan Accounting & Treasury in co-ordination with Deloitte
- Co-ordination with Banks for changes in Authorised Signatories, E-Net Banking & Other enhancements.
AGM – Finance
Sobha Limited
03.2014 - 09.2021
- Reporting to Regional Director and Chief Financial Officer & Managing a Team of nine staffs
- Overall responsible for Accounts, Finance, MIS & Administration for Tamilnadu Region
- Monthly Accounts Closing & Finalization of 7 Group Companies
- Awareness of IFRS and IND AS
- Co-ordination with Statutory & Internal Audit and resolving the queries raised by them
- Analysis of Overheads on Monthly basis and providing key financial data to Management for Cost Control
- Financial Feasibility Workings (IRR, NPV) for Joint Development
- Funds Management and reviewing of Facilities with Banks
- Review of Annual Business Plans & Budgets and Analysis of Variances on Monthly basis
- Responsible for Statutory Compliance - VAT, CST, Service Tax, Income Tax & TDS
- Functioned as a Compliance officer for the implementation of RERA in Tamil Nadu region.
Chartered Accountant
Practiced as a Chartered Accountant
04.2013 - 02.2014
- Handling Accounts, Audit & Tax Consultancy Services
- Worked as a Finance Consultant in Aravind Ceramics, Chennai with a Group Turnover of Rs
- 200 Crores
- Major Duties & Responsibilities: Effective utilization of manpower and fixing responsibilities for the Subordinates
- Strict compliance of Statutory regulations – Direct & Indirect Taxes
- Updating of Accounts on daily basis & Co-coordinating with Banks for facilities
- MIS, Internal Audit & Control, Statutory Compliance and Acting as an Advisor to Top Management.
GM – Accounts & Finance
Covai Group
05.2011 - 03.2013
- Reporting to Chief Financial Officer & Managing a Team of 8 staffs
- Responsible for the MIS for All the Group Companies and presenting it to the Board of Directors
- Monthly MIS Reports & Projected Cash Flow Statement
- Updating Project Expenses and Comparison with the Budgets
- Compilation of Reports for Due Diligence Audit
- Corpus Fund, Compensation & other workings and conducted Meeting with the Residents For Fixation of Rate for Catering & Maintenance Division
- Finalization of Accounts & Co-ordination with Statutory & Internal Auditors
- A/R, A/P & Fixed Assets Accounting & Control
- Taxation: Handling of TDS payments, returns and annual returns
- Attended personal hearing with the department in relation to TDS scrutiny and resolved the issues
- Issue of Form 16 and Form 16A for employees and vendors
- Day to day monitoring of service tax records, Vat records & Assessment
- Handling of Service tax monthly payments & filing Half-Yearly Returns
- Treasury Management: Funds Management Co-ordination with Banks for Cash Credit & Buyers Credit facilities with Banks
- Preparation of Monthly Stock Statement, QMIS & CMA Data for Banks.
Group Finance Manager
Al Safa Group
03.2008 - 03.2011
- Reporting to Executive Director
- Responsible for Monthly Accounts closing, MIS Reports & Weekly Cash Flow Statement
- Preparation of Business Plan & Budgeting and reporting variance to the Management
- Responsible for Stock Verification, Audits, Taxation and coordinating with the Auditors for the above
- Managing Funds position in the Banks and monitoring the limits fixed for Overdraft, Letter of credits, Trust receipts & Working Capital Management
- Responsible for Receivables due from Customers and placing Orders with the Vendors and arranging payment to them on timely basis
- Co-coordinating with IT-in-charge and Software consultant for solving the system issues
- Co-coordinating with the Banks for Credit enhancement, Project financing, Cheques/Bills discounting
- Co-coordinating with Lawyer for the recovery of Bad or Doubtful debts.
Finance Manager
Omani Drug House LLC
05.2004 - 02.2008
- Reporting to General Manager and to the Group Financial Controller on Finance Issues
- MIS and Responsible for Statutory Audits & Internal Audits
- Inventory Management & Costing of a Product and Fixation of Selling price
- Releasing of Sales Order after appropriate verification
- Achievements: Conversion of Manual Accounting System to Computerized Accounting System
- Played a key role in Implementation of SAP – Finance Module
- Implementation of Budgets, MIS & Significant improvement in collections.
Chief Accountant
Marlin Furniture LLC
11.2001 - 03.2004
- Reporting to Group Finance Manager (Functionally) and to the Manager on Operational Issues
- Job Involves over all supervision of Accounts, Finance, warehouse & Administration
- Monthly Profit and Loss account & Balance sheet & Schedules
- Appraise/Recommend Credit limit for new customers
- Approval of Purchase Orders in the System after scrutiny of Competitive quotes, Payments terms & conditions, Stock position, Stock movement and arranging payment at the appropriate time.
Senior Accountant
Central Trading Company (Al Rostamani Group)
03.1997 - 10.2001
- Petty cash Reimbursements for Branches & Group Company Reconciliation
- Handling Import and Export Letter of Credits
- Processing of Credit Applications from Customers
- Circulating Debtors Ageing and following up for the payments
- Preparation of Cost Sheet and Pricing of a Product
- Preparing Stock Replenishment Reports and Purchase Orders for Imports
- Processing payment for Local and Overseas Suppliers.
Accountant
Kunal Engineering Co. Ltd.
12.1993 - 02.1997
- Bank Reconciliation & Passing Rectification Journal entries
- Creditors Payment, Debtors & Creditors Reconciliation & Follow-up
- Finalization of Accounts and Audit.
C.A. Article ship
M/s Murali Jawahar & Co.
- 09.1993
- Audit of Sole Proprietorship Concerns, Partnership firms & Private Limited Companies
- Accounts Writing work, Bank & Tax Audits
- Preparing Income Tax Returns for Individuals & Firms.
Education
B. Com -
Guru Nanak College
Chennai, India 06.1987 - 04.1990
Chartered Accountant -
Institute of Chartered Accountants of India
New Delhi, India 06.1990 - 05.2008
Skills
Worked in SAP, Tally, Rconstruct & Other Accounting software
Cash Flow Management
Accounts receivable and payable
Interpersonal Skills
Revenue Recognition
Task Prioritization
Team building
Attention to Detail
Financial Forecasting
Expense Tracking
Variance Analysis
Account Reconciliation
Accounting Software Proficiency
Intercompany Transactions
Problem-Solving
Cost accounting
Tax Compliance
Effective Communication
Professionalism
Fixed Asset Management
Funds reconciliation
Computer E R P Exposure
Well Versed with MS Word, MS Excel & Power Point Actively involved in the Implementation of GREAT PLAINS DYNAMICS Software & NTS Financials Accounting Software & used R-Construct ERP Module and CRM Module. Well Versed with SAP – Finance Module, JD Edwards (World & One World) & Tally Accounting Software
Professional Update
Completed a Certificate Course on Indirect Taxes conducted by ICAI covering Excise, Customs, VAT, Service Tax & Foreign Trade policy during December 2013 & Frequent update of Both Direct and Indirect Taxes by attending Seminars/Workshops conducted by ICAI.
Personal Information
- Date of Birth: 06/13/69
- Nationality: Indian
Timeline
Senior AGM – Accounts
Sundaram Home Finance Limited
10.2021 - 04.2023
AGM – Finance
Sobha Limited
03.2014 - 09.2021
Chartered Accountant
Practiced as a Chartered Accountant
04.2013 - 02.2014
GM – Accounts & Finance
Covai Group
05.2011 - 03.2013
Group Finance Manager
Al Safa Group
03.2008 - 03.2011
Finance Manager
Omani Drug House LLC
05.2004 - 02.2008
Chief Accountant
Marlin Furniture LLC
11.2001 - 03.2004
Senior Accountant
Central Trading Company (Al Rostamani Group)
03.1997 - 10.2001
Accountant
Kunal Engineering Co. Ltd.
12.1993 - 02.1997
Chartered Accountant -
Institute of Chartered Accountants of India
06.1990 - 05.2008
B. Com -
Guru Nanak College
06.1987 - 04.1990
V.P. – Accounts & Finance
Casa Grand Space Intell Pvt. Ltd.
5 2023 - Current
C.A. Article ship
M/s Murali Jawahar & Co.
- 09.1993