Santosh Nagaral
Finance & Accounting
Hubli
Summary
To work in an organization where my skills, experience and abilities can be put into practice to contribute to the effectiveness and efficiency of the day to day operations of the company. Acquire knowledge by getting in touch with the latest technologies to further my skills, competence and capabilities and put them into daily use to the optimum level.
13 years of experience in Banking Retail Asset Products, Finance & Accounting. Proficient in Loan application Software’s, EPICOR ERP , Tally ERP and MS- Office. Energetic, self-motivated, excellent communication, interpersonal, analytical, relationship management, problem solving and leadership skills. Quick learner, able to grasp new ideas, concepts and methods. Presently working at RAY International LLC, designated as Sr. Accountant. An ambitious and flexible individual with an ability to adapt organizational environment their procedures & processes.
Overview
17
17
years of professional experience
6
6
years of post-secondary education
Work History
Finance Controller
Shree Renuka Industries
09.2019 - Current
- Improved financial reporting accuracy by streamlining and automating data processing tasks.
- Streamlined accounts payable and receivable processes for improved efficiency, resulting in reduced outstanding debts and increased cash flow availability.
- Managed a team of finance professionals, fostering an environment of continuous improvement and professional growth.
- Developed and maintained strong relationships with banks, investors, and other financial partners to ensure optimal financing options.
- Led process improvements initiatives within the finance department which resulted in increased productivity levels among staff members.
- Increased profitability, optimizing cost control measures, and expense reduction initiatives.
- Enhanced cash flow management with proactive forecasting and budgeting strategies.
- Conducted thorough risk assessments to identify potential areas of concern in company operations, providing actionable insights for risk mitigation efforts.
- Established efficient payroll processes that ensured timely payment of salaries while maintaining compliance with all relevant labor laws.
Sr. Accountant
Rukun Al Yaqeen International L.L.C
02.2012 - 04.2019
- Independently handled accounting of subsidiary companies of RAY International LLC ( Seven Points International LLC & RAY Precision Engineering LLC)
- Accounts Payable - includes processing of purchase bills payments to vendors (Both Local and International), liaising with vendors and scrutinizing their ageing accounts details
- MIS (Monthly & weekly) – Project wise/segment wise, analyzing their costs and profitability
- Annual Audits: - includes liaising with Internal/External Auditors, preparation of Financial Statement along with schedules
- Filing of Annual Return
- Accounts Receivable includes Sales invoice processing (Both Local and International) & their ageing, follow-up for payments etc
- Conducting meetings with division’s sales personnel & finance manager to discuss and analyze monthly sales bookings and work in progress
- Payroll - Preparation of payroll along with related activities such as assignment letter to banks, leave settlements, employee settlements upto resignation / termination
- Asset Register - Ensure that control systems are adequate for proper recording & accounting for assets of the Company
- Preparing Monthly Reconciliation reports of Bank & Inter-Companies Transactions.
- Reconciled accounts and created documents for monthly closure procedures.
- Updated general ledger with latest entries.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Improved cash flow management by implementing stricter credit policies.
- Spearheaded a team of junior accountants, providing mentorship and guidance to improve efficiency and accuracy in their work.
- Assisted team members in transitioning to new system through extensive training and one-on-one support.
- Assisted in successful completion of external audits by preparing comprehensive documentation and supporting evidence.
ASSISTANT MANGER
HDFC BANK LTD BANGALORE
02.2010 - 02.2012
- I was handling all the retails asset products like Personal Loans, Car Loans, JLG & SHG Loans, Tractor Loans, Agri Loans, Business Loans & Gold Loans
- Loan Processing: Leading/Handling Entire Bangalore Team comprising of 10 people for Processing & Managing the CPAs (Credit Processing Associates), Services Providers - ensuring quality checking and documentation are as per standards
- Identifying business potential
- Handling Disbursement for all above loans
- Pre-Disbursement: Co-ordinating with my team for Checking for approvals & Scrutiny of documents in detail
- Verification of specific data in system (IRR, asset, credit period, dates etc) Handling Team in controlling Data updation of Customer Acquisition System Handling Loan Payment Disbursements
- Post Disbursement: Co-ordinating with my team for preparing repayment schedules and dispatching
- Co-ordination with supplier for Payment related queries & follow up of Post Disbursement Documents
- Debtors Management: Co-ordination Foreclosures & NOC Requests, Handling Refund activities
- TAT Management: Pushing processes for market competitive TAT, by managing relationships with other agencies / departments
- Capacitisation: Monitoring the availability of Infrastructure, Manpower, and Identification of out sourced staffs
- MIS Management: Ensuring all MIS – Disbursement MIS, TAT MIS
- Details of the same sent to Higher Officials
- People Development: Constantly training people at various levels – Sales Force, CPA / SP staffs & subordinates.
- Supervised day-to-day operations to meet performance, quality and service expectations.
- Mentored junior staff members in their professional development by offering guidance/support in their assigned roles.
Banking Associate – SME – QC
iGATE GLOBAL SOLUTIONS LTD BANGALORE
07.2007 - 01.2010
- Test of Cash/Cash Flow Analysis Carrying out a Test on Cash Flows by balancing the expected cash flows with the actual cash flows in a given cycle for a particular investor to draw a reasonable and accountable expectation of funds
- This process requires Investor wise Monthly Bank Reconciliation Calculating Stop Advance Difference Updating loan modifications and the fees collected thereon Updating Claims that are reported which includes Servicer Claims, Trust Claims and Borrower Claims Updating Losses which includes Trust losses and Servicer losses Calculating the Monthly Remittance to the investors and doing adjustments if any
- Test of Cash Outages Doing a research on the discrepancies/inconsistencies (which may be due to Principle or Clerical Errors) that are identified after the balancing of cash flows is carried out and taking the necessary steps to fix such discrepancies
- This requires an in depth research on the discrepancies to know the reason for such discrepancies and posting the necessary adjustments into the Custodial accounts of the Investor or passing Manual Wires to resolve such outages to complete the Monthly Reconciliation.
- Strengthened teamwork among colleagues by collaborating on projects, sharing knowledge, and supporting fellow associates in their tasks.
- Enhanced operational efficiency by streamlining banking processes and implementing improvements to workflow systems.
Education
MBA - ISME
International School of Management Education
India 07.2010 - 06.2013
Bachelor of Commerce - Accounting And Taxation
Karnataka University Dharward
Hubli, India 06.2004 - 07.2007
Skills
Bank Reconciliation
Passportexpirationdate
22/09/2029
Personal Information
- Passport Number: H8034191
- Date of Birth: 07/22/86
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Languages
English
Upper intermediate (B2)
Hindi
Upper intermediate (B2)
Kannada
Advanced (C1)
Tamil
Elementary (A2)
Telgu
Elementary (A2)
Malayalam
Beginner (A1)
Timeline
Finance Controller
Shree Renuka Industries
09.2019 - Current
Sr. Accountant
Rukun Al Yaqeen International L.L.C
02.2012 - 04.2019
MBA - ISME
International School of Management Education
07.2010 - 06.2013
ASSISTANT MANGER
HDFC BANK LTD BANGALORE
02.2010 - 02.2012
Banking Associate – SME – QC
iGATE GLOBAL SOLUTIONS LTD BANGALORE
07.2007 - 01.2010
Bachelor of Commerce - Accounting And Taxation
Karnataka University Dharward
06.2004 - 07.2007
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