Sambasivarao Kothamasu
Guntur
Summary
Seasoned Project manager with having 7+ yrs of expertise in budgeting, forecasting, and strategic planning. Proven ability to optimize financial processes and drive teams to surpass corporate objectives through innovative strategies and efficient resource allocation. Analytical thinker with a knack for analyzing complex data and recommending actionable solutions for growth and profitability.
Demonstrated ability to enhance company's financial performance by implementing effective tax strategies. Past roles noted for significant contribution towards cost savings through innovative tax solutions.
Overview
7
7
years of professional experience
Work History
Project & CAPEX Controller
Alstom Transportation
12.2023 - Current
- Managing the periodic budgeting exercise for the project. Ensure regular WPR in coordination with work package owners and metiers, along with PD, to ensure QCD targets are met and achieved.
- Developing WPC encompassing accountability of tax, billing, cost controlling, and cost per car with CFT involvement.
- Managed material costs by conducting thorough analyses on trends and indices, enabling early warnings of potential cost increases and informed negotiations for optimal terms.
- Improve governance on CR and CONQ/NCR management, and other retrofit/rework topics.
- Tracking Method and Cycle time (Takt) of production line and Financial Modelling with multiple Simulations.
- Anticipate project financial risks and raise Early Warnings to management.
- Drove the implementation of an effective risk mitigation strategy by collaborating with the project team, evaluating costs, and actively challenging estimations made by the CFT.
- Drive the committed sales and optimize the cash inflows within the contractual terms.
- Contribute to improvement in gross margin by continuously exploring the means to create savings.
- (Back charges, ensuring back-to-back warranty with suppliers), ensuring the closure of all issues relating to the project in an effective way by giving early warnings to the team, so as to minimize the financial impact.
- Managed all aspects of projects, including invoicing, accounting, cash milestone tracking, close looping from ISP, PO, GRN, billing, collection, and PR approval by ensuring cost flowed to the right WBS.
- Being agile and quick to adapt to new management tools that help simpler, effective controlling, with linking to GSI.
- Produced monthly BRM presentations showcasing variance analysis and comparisons between budget and actual performance.
Industrial Project and Finance Analyst
Alstom Transportation
12.2022 - 12.2023
- Supervised and streamlined Industrial operations to ensure cost-efficient manufacturing.
- Assessment and review of work order gaps to ensure material and labor costs were properly allocated into systems and subsystems, so that RM, SFG Inventory, and FG were properly calculated.
- To review and monitor the accuracy of the established standard cost allocation principle by monitoring the kp, ki recovery on a monthly basis.
- Monitored site POH's and initiated measures for cost recovery form projects ensuring minimal under or over recovery by enhancing site efficiency.
- Supported the site controller in overseeing and handling daily operational responsibilities.
- Participated in regular meetings with internal stakeholders to discuss budget allocations.
- Prepared efficient BR templates for effective management review.
- Effectively identifying and rectifying budgetary discrepancies between actuals and allocated funds on a department-level basis, and implementing effective solutions to mitigate excessive costs.
- Managed relationships with external auditors during periodic audits. Providing and arranging all the audit-related data.
- End-to-end fixed asset controlling – Capitalization, Post-Capitalization Evaluation of Assets, and Tracking of Asset Scraps.
- Oversaw CAPEX register to ensure precise financial reporting by consistently updating useful lives, depreciation rates, and installation timings.
- Efficiently identify and manage non-CAPEX costs on a consistent basis for accurate financial reporting.
- Analyzed asset performance and returns, valuations, trends and assumptions
Taxation Analyst
Alstom Transportation
09.2021 - 12.2022
- Updating MIS reports relating to tax, cash balances management, forecasting cash balances - Steps to reach the target cash balance with GST Refund, Rebate, and DBK applications.
- Finding the risk factors in statutory compliance - steps to reduce the risk.
- Ensure safe landing in tax balances. Dealing with tax authorities, minimizing the risk, facing the audits, and providing appropriate replies by timely submission of required data.
- Ensuring timely filing of all GST returns.
- Ensuring the proper reconciliation of various GST registers with the books, including GSTR-2A, 2B, 1, and A3B.
- Ensure the accrual of proper ITC by identifying and eliminating the blocked credit, as per the law.
- Ensuring the steps to best utilize the ITC by reducing the cash outflow through various measures and tax planning strategies.
- Successfully applied up-to-date understanding of GST and customs policies.
- Ensuring on-time deliverables in dispatches.
- Applying for new schemes and ensuring proper continuance and closure of existing schemes like RODTEP, Duty Drawback, Project Imports, Advance Authorization, etc., to protect the revenue and comply with the law.
- Proactive to implement new schemes, incentives, etc. Scrutinize the probability of implementation by examining the pros and cons and be reactive to sudden changes in existing rules, notification, law, or act.
- To facilitate and ensure the applying and closure of GR waiver for non-commercial shipments.
- Facilitated proper cash collection while minimizing the risk of revenue leakage by meticulously preparing GST refund and rebate applications.
- Ensured compliance to all necessary regulations during the GST Audit process for successful closure of GST audit.
- Effectively communicated with GST auditors and provided appropriate responses to SC Notices in collaboration with senior management and consultant.
Accounts Associate
Andhra pradesh solar power corporation ltd
09.2019 - 08.2021
- Ensuring finalization of books on a monthly basis by managing and overseeing the daily operations of the team.
- Ensuring monthly provisions are made for all major expenses and tracking the costs booked on a timely basis.
- To review and approve all invoices for accuracy and ensure that the AMC and other milestone billings were raised appropriately as per the contract with the developers.
- Ensured compliance with tax regulations by maintaining and filing all GST monthly and Annual returns accurately, by reconciling GST site ledgers with books.
- To ensure proper availability and utilization of GST ITC as per the law, consequently writing off the ineligible ITC to the P&L.
- Assisted in preparing external audit documents for annual reviews by auditors to facilitate proper closure of statutory and C&AG audits through provision of necessary data.
- Ensured compliance with all statutory regulations and promptly responded to authorities such as C&AG, GST, and Income Tax.
- Reviewed departmental budgets to identify areas of cost savings or expense reduction opportunities.
- Prepared monthly balance sheet reconciliations, income statements, and cash flow statements.
Accounts Associate
Dogiparthy Polymers
06.2017 - 08.2019
- Managed daily operations of accounting department ensuring timely finalization of accounts.
- Preparing financials, cash flows, and various management reports.
- Analyzed and estimated project costs, suggesting improvements to cost flow, successfully implementing new steps as advised by management
- Responsible for statutory compliance, TDS, GST, IT monthly, quarterly, and yearly returns by reconciling GST and TDS returns with books.
Internship
V Rao and Gopi Associates
- Hands-on experience in filing tax returns for individuals and regular returns for firms. Scrutinizing of general ledgers, reconciliations, general vouchers, and conducted numerous examinations of statement of profit and loss and balance sheets and annual reports.
- Participated in concurrent audits of banks and financial institutions, and stock audits of various companies.
- Involved in the Internal Audit and statutory Audits of manufacturing companies.
- Preparation of financials as per Generally Accepted Accounting Principles, and prepared projected financial reports for clients.
- Managed filing of statutory returns such as IT, Service tax, and TDS for deferred clients.
Education
CA Final G2 -
Institute of Chartered Accountants of India
09-2021
B.Com - Commerce
Indira Gandhi National Open University (IGNOU), Delhi
01.2017
Intermediate - MEC
NRI Educational Society
Guntur04-2012
10th -
Little Champs Public School
Guntur, AP03-2010
Skills
- Critical Thinking
- Analytical Reasoning
- Leadership
- Internal controls development
- Financial Forecasting
- Financial Planning
- Internal Controls
- Tax planning strategies
- ERP Software - SAP
- Stakeholder Management
- Data Analysis
- Strategic Thinking
Hobbies and Interests
- MahabharataRamayana Mahabharatha and other life guiding stories itihasas
- Listening to music.
- Interested in acting imitating.
- Analyzing the logics for any activity or work going through that day - so by that updating the knowledge and improving analytical skills.
Accomplishments
- Contributed my self in successfully achieving the cash refund of 100 crores through refund application and many other rebate and refund from government.
- School best student for the 3 consecutive years and school leader.
- Organized many events at school, college level.
- Appreciated as best article student for multitasking epically for the creativity, logical and analytical questioning.
Languages
Telugu
First Language
English
Advanced (C1)
C1
Hindi
Intermediate (B1)
B1
Personal Dossiare
- DOB: 01-03-1995
- Father : Retired Accountant
- Mother: Home maker
- Brother: software professional
- Martial status : Unmarried
- Address: Sri Leelakanth mansion, SVN colony, Guntur -522007.
Timeline
Project & CAPEX Controller
Alstom Transportation
12.2023 - Current
Industrial Project and Finance Analyst
Alstom Transportation
12.2022 - 12.2023
Taxation Analyst
Alstom Transportation
09.2021 - 12.2022
Accounts Associate
Andhra pradesh solar power corporation ltd
09.2019 - 08.2021
Accounts Associate
Dogiparthy Polymers
06.2017 - 08.2019
Internship
V Rao and Gopi Associates
CA Final G2 -
Institute of Chartered Accountants of India
B.Com - Commerce
Indira Gandhi National Open University (IGNOU), Delhi
Intermediate - MEC
NRI Educational Society
10th -
Little Champs Public School
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