SADANALA SATEESH BABU

• Serving as a Interim Team Lead in Tax REGCON team for verifying monthly TDS/VAT/WHT remittance for APAC Region (India, Bangladesh, etc.).
• Taking ownership and working with various internal and external teams in APAC Region to ensure the organization is compliant as per TAX regulatory requirement.
• Working with Internal audit team, Concurrent audit team, Risk and Control team and Statutory audit teams on queries of Accounting & TDS reconciliation.
• Prepared multiple process documents such as SOPs, Process Flow Chart, Risk & Control Matrix for Accounting & TDS Reconciliation process.
• Reports any potentially fraudulent activity or process control issues encountered while investigating internal controls and found USD 297 revenue leakage for incorrect claim by supplier.
• Being a mentor for new employees to train the TAX REGCON process and monitor their performance.
• Participates in the COB planning and implementation for the unit for an effective back-up system within the group.

PROJECTS &TRANSITIONS:

• Successfully migrated the ESC process from Manila to India. Post stabilization had also been part of new system implementation and devising extensive controls to mitigate risks.
• Worked a key member under various special projects such as UAT for Procure to Pay (express) , P2P Upgrade and DIS in Oracle to identify and correct the deficiencies and for smooth implementation of the system.
• ·Worked as a Key Member in migration of Srilanka's Invoice processing from manila to India.
• Working with P2P system team to maintain various system control to eliminate manual errors such as implementation of threshold set up, TDS/VAT sections implementation in PROD.
• Worked a Key member in Project: Mrytle -GCB divestiture to work in AXIS team & internal teams to share TAX data and others supported reports.

STATUTORY & INTERNAL AUDIT

Statutory audit of Health Care, Real estate, Advertisement and Exports & Import Industries etc.,

Exposed to:
> Understanding the applicability of various Laws such as Income Tax Act, 1961(Particularly regarding TDS, VAT, Service tax), Companies act 2013, Partnership act1932, Employees state Insurance Act, 1948, Employee bonus Act,1961 and Accounting Standards.
> Determined Revenue Leakage, Verification of Statutory dues & Identified defects,and irregularities in internal control etc.,

OTHER ACCOUNTING ASSIGNMENTS:

• Provisional & Projections Statements of Individual, Partnership and Various Companies for obtaining Term Loan and CC.
• Conducted the Stock Audit for Banking and Manufacturing industries etc.,
• Assisted in preparation and submission of Scrutiny assessments &Appeals of Income Tax.
• Prepared and Verified ICFR, Form 3CD, Form 3CEB and Annexure as a part of Tax Audit.
• Filing of Service Tax Returns and Preparation of ROC Returns.
• Engaged in Preparation of Consolidation of Financial statements and Audit report.
• Preparation of Certificates for filing to various authorities (Form 15CA, 15CB, Networth Calculation etc.,),IT Returns & ROC Returns etc.,