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
2021.10 - 2023.04
- 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
2014.03 - 2021.09
- 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
2013.04 - 2014.02
- 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
2011.05 - 2013.03
- 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
2008.03 - 2011.03
- 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
2004.05 - 2008.02
- 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
2001.11 - 2004.03
- 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)
1997.03 - 2001.10
- 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.
1993.12 - 1997.02
- 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.
- 1993.09
- 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 1987.06 - 1990.04
Chartered Accountant -
Institute of Chartered Accountants of India
New Delhi, India 1990.06 - 2008.05
Skills
Worked in SAP, Tally, Rconstruct & Other Accounting software
undefinedComputer 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
2021.10 - 2023.04
AGM – Finance
Sobha Limited
2014.03 - 2021.09
Chartered Accountant
Practiced as a Chartered Accountant
2013.04 - 2014.02
GM – Accounts & Finance
Covai Group
2011.05 - 2013.03
Group Finance Manager
Al Safa Group
2008.03 - 2011.03
Finance Manager
Omani Drug House LLC
2004.05 - 2008.02
Chief Accountant
Marlin Furniture LLC
2001.11 - 2004.03
Senior Accountant
Central Trading Company (Al Rostamani Group)
1997.03 - 2001.10
Accountant
Kunal Engineering Co. Ltd.
1993.12 - 1997.02
Chartered Accountant -
Institute of Chartered Accountants of India
1990.06 - 2008.05
B. Com -
Guru Nanak College
1987.06 - 1990.04
V.P. – Accounts & Finance
Casa Grand Space Intell Pvt. Ltd.
5 2023 - Current
C.A. Article ship
M/s Murali Jawahar & Co.
- 1993.09
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