SHANKAR PALANI
Chennai,Tamilnadu
Summary
Versatile Senior Manager specializing in Financial Accounting and skilled at planning, implementing and overseeing key improvements to drive business growth and efficiency. History of cultivating an open culture with free exchange of information. Pursuing new professional challenges with a growth-oriented company.
Overview
17
17
years of professional experience
1
1
Tamil
1
1
English
Work History
Senior Manager - Finance and Operations
Inventory Pro-Audio Distributors Pvt. Ltd
Chennai
11.2022 - Current
- Reporting to Managing Director
- Managed large-scale projects and introduced new systems, tools, and processes to achieve challenging objectives.
- Analyzed revenue distribution, bank reconciliations and account analysis documents to execute month-end closing.
- Examined quarterly financials to determine business operating capacity.
- Implemented and developed operational standards, policies and procedures.
- Streamlined the Process of Foreign Imports payments align IDPMS portal. Also sanitized the old BOE pending cases in Bank as well as RBI.
- Annual Return and all other return i.e GST,TDS, ESI, EPF etc.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Researched and facilitated software integration to streamline accounting and financial processes.
- Managed investments to diversify financial portfolios and grow revenue.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
Manager
Uber9 Business Process Solutions Pvt. Ltd
Chennai
04.2016 - 05.2022
- Reporting to Managing Director, CFO,Chief Strategy Officer and Investors.
- Maintained professional, organized, and safe environment for employees and patrons.
- Developed and maintained relationships with customers and suppliers through account development.
- Maximized performance by monitoring daily activities and mentoring team members.
- Accomplished multiple tasks within established timeframes.
- Planned and budgeted accurately to provide business with resources needed to operate smoothly.
- Analyzed monthly balance sheets, income statements and cash flow information and wrote up reports.
- Supported year-end audits by preparing physical and digital records for review.
- Oversaw employee expense tracking with associated expense verification and credit card reconciliation.
- Administered expenses in line with forecasted business demands and available income.
- Reconciled balance sheets and income statements each month.
- Processed payroll for employees and reported payroll taxes for organization.
- Processed vendor payments, invoices and account statements.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
Asst.Manager
Conserve Consultants Pvt. Ltd
09.2014 - 04.2016
- Managing Director
- Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
- Created organizational structures to improve accounting and finance functions.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Forecasted trends and recommended improvements based on financial risk analyses.
- Managed investments to diversify financial portfolios and grow revenue.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Assisted with day-to-day operations, working efficiently and productively with all team members.
- Processed payroll for employees and reported payroll taxes for organization.
- Reconciled balance sheets and income statements each month.
- Evaluated and negotiated contracts to procure favorable financial terms.
- Created financial dashboards to provide insights into key performance indicators.
Sr. Accounts Executive
Komatsu India Private Limited
06.2012 - 07.2014
- Reporting to GM – Finance (Indian) and CFO (Expatriate)
- Obtained pricing deals, negotiated contracts, and solidified beneficial agreements.
- Managed and mentored team of account executives.
- Maintained contact information database by keeping account details updated, clear and relevant.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Analyzed monthly balance sheets, income statements and cash flow information and wrote up reports.
- Administered expenses in line with forecasted business demands and available income.
- Supported year-end audits by preparing physical and digital records for review.
- Reconciled balance sheets and income statements each month.
Sr. Accountant
International Seaport Dredging Limited
12.2007 - 05.2012
- Reporting to GM – Finance (Indian) and CFO (Expatriate)
- Completed year-end closing processes with controllers and external auditors.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Updated general ledger with latest entries.
- Prepared monthly journal entries and reconciliations.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Directed accounting team in timely reporting of finances for diverse client businesses.
- Handled accounts, logistics and other customer-related issues.
- Prepared P&L statements and other divisional reports for senior management review.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Complied with established internal controls and policies.
Accounts Officer
Voltech Projects Pvt. Ltd
01.2006 - 12.2007
- (Reporting to GM-Finance, VP and CFO)
- Updated general ledger of accounts with current, accurate and industry-compliant data to meet all internal and external audit requirements.
- Input vendor payments and updated accounts to reflect new balances.
- Communicated and resolved disputes with clients regarding outstanding invoices, payments and adjustments.
- Established internal audit procedures to validate and improve accuracy of financial reporting.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
Education
M.B.A - Financial Management
Madras University
M.Com - undefined
Madras University
B.B.A - undefined
Madras University
Skills
Zoho One ( Zoho books, People,Payroll,Inventory,Cliq,Desq etc)
Tally ERPSCBA (Soft Cell Business Application, a Belgium ERP Software)SAP – FICO R/3Proficiency in MS-Excel, Word & Power pointGood Working Knowledge in operating system Windows 98,2000 and XPTimeline
Senior Manager - Finance and Operations
Inventory Pro-Audio Distributors Pvt. Ltd
11.2022 - Current
Manager
Uber9 Business Process Solutions Pvt. Ltd
04.2016 - 05.2022
Asst.Manager
Conserve Consultants Pvt. Ltd
09.2014 - 04.2016
Sr. Accounts Executive
Komatsu India Private Limited
06.2012 - 07.2014
Sr. Accountant
International Seaport Dredging Limited
12.2007 - 05.2012
Accounts Officer
Voltech Projects Pvt. Ltd
01.2006 - 12.2007
M.B.A - Financial Management
Madras University
M.Com - undefined
Madras University
B.B.A - undefined
Madras University