SRI VARUN SATULURI

• Led a team of 6 members in achieving contractual objectives through effective communication, coaching, and mentorship.
• Enhanced overall team performance by providing regular coaching, feedback, and skill development opportunities.
• Oversaw the end-to-end cash management process, including daily transactions, forecasting, and reconciliation activities.
• Prepared and presented comprehensive reports to senior management, providing insights into cash positions, forecasts, and other critical financial metrics.

Skills:

• Conducted training sessions to upskill team members on new processes and tools.
• Leadership and Team Management
• Financial Reporting and Analysis
• Process Optimization and Automation
• Employee Development and Training

• Monitor Auto post & Clearing of bank statements. Investigate Unreconciled transactions and ensure appropriate actions owners are assigned .
• Perform the Bank reconciliation effectively as per deadline. Perform Blackline analysis accurately as per deadline.
• Prepare cash forecast for the week, by coordinating with AR & AP and inform Central Treasury about the cash requirements.
• Computation of Interest Income on Deposits to be accrued for the month and reconciling the Deposits balance in SAP with that of statements from Bank.
• Expertise in clearance and reconciliation of control accounts, ensuring the accuracy and integrity of financial statements.
• Collaborated with cross-functional teams to investigate and resolve variances between general ledger balances and sub-ledgers, contributing to the overall accuracy of financial reporting.
• Collaborated closely with internal and external auditors during the annual audit process, providing timely and accurate documentation to support audit inquiries related to cash and bank activities.
• Successfully implemented process improvements to enhance efficiency and accuracy in cash-related tasks. Implemented partial automation in preparation of reconciliation to streamline account reconciliation procedures, thereby reducing the Manual workload by 45%.Developed and maintained automated workflows for daily cash transactions, ensuring accuracy and compliance with internal controls.
• Expertise in accurately estimating and recording Intercompany cash in transit accruals. Worked closely with treasury and IC teams to gather necessary information. Conducted regular reviews and reconciliations to ensure accuracy.
• Led month-end and year-end close processes, meeting reporting deadlines consistently.

• Preparation of Cost Sheet and variance analysis
• Preparation of Budgets
• Coordinating with internal and statutory auditors
• Conducting surprise check's physical verification of cash, finished goods, stores and spares, raw materials and packing materials.

• Handled Statutory Audits, Internal Audits, Tax audits for various clients etc
• Preparing & analyzing draft financial statements in accordance with Indian GAAP, Schedule III to Companies act, 2013
• Preparation & filing of Tax audit reports, TDS returns, VAT returns and Income tax returns
• Served as internal auditor and accountant for few clients and helped in placing proper controls and preparation of Books of accounts