Subhendu Kumar Pattnaik
Finance Head
Chennai,TN
Summary
Experienced finance head with a proven track record of driving financial success in diverse industries. Over 20 years of expertise in accounts, finance, statutory, audit, and internal control, consistently delivering strong financial strategies and operational performance. Recognized for organizational skills and dependability, excelling at managing multiple priorities with a positive attitude. Willing to take on additional responsibilities to ensure the achievement of team goals.
Overview
25
25
years of professional experience
Work History
Head – Finance & Accounts
Oriental Cuisines Pvt. Ltd.
08.2021 - Current
- Leading a team of 2 manager and 8 executives in managing the accounts and finance and statutory compliance function.
- Re-designed the reporting system (MIS) clearly indicating the variable cost, Contribution and overheads, etc. Designed proper allocation of common costs.
- Improved Strategic planning and accountability by conducting weekly review meetings.
- Key role in reducing the Food Cost by 3% through proper management of Dump and Discount.
- Improved GP by 2% through controlling packaging cost & other consumables.
- Stopped revenue leakage by complete automation of supply chain system and periodic audit of outlets.
- Reduced overheads like cost of auditor & consultants.
- Controlled Bank charges by managing the credit card commission. Cash collection charges and emphasizing UPI payments.
- Proposed and closed un-profitable business units (Particularly units making cash loss).
- Managed huge payables with proper planning of funds. Reducing and denying non-business related payments. Making best use of available funds.
- Pre-planning annual requirement of major purchases so as to get better price from the suppliers by making annual/half year contracts.
- On-time payment of various Direct/Indirect Taxes like GST, PF, ESI Etc.
- Cleared old statutory dues in TDS, Income Tax Dept. PF, ESI, etc.
- Vital role in convincing management towards further investment through computation of accurate project cost and reliable pay-back period.
- Facilitated renovation of old outlets by comparing the incremental revenue against the additional investments.
- Maintained proper co-ordination between the investors (Mauritius) and business units.
AGM-Accounts
MGM Group Of Companies
09.2009 - 08.2021
- Taking care of day-to-day receipts, payments, Bank Reconciliation.
- Preparation of Debtors statement/ Ageing and follow-up with Debtors for payment.
- Managing harmonious relationship with creditors and maintaining the credit terms in accordance with available fund.
- Preparation of monthly MIS and other management reports as and when required like Quarterly/Half yearly reports for performance review.
- Periodically conducting MIS meeting with operation heads and discussing about profitability and deviations in revenue and expenses.
- Periodical meeting with Debtors to resolve the pending issues.
- Pre-planning annual requirement of major expenses so as to get better price from the suppliers.
- On-time payment of various Direct/Indirect Taxes like Entertainment Tax, Service Tax, VAT, Service Tax, GST Etc.
- Compiling and filling of Quarterly/ Half yearly Tax returns.
- Taking care of other statutory payments like EPF, Professional Tax, ESI, Advance Tax etc.
- Attending Tax scrutiny from various Tax authorities. Replying to Notices from diff Dept and finalizing the Assessments.
- Liaising with internal auditor regarding various internal checks in ticketing & other Guest Supplies.
- Fixing and revising various guidelines like Conveyance/ Travel /Telephone expenses and other expenses. Also fixing delegation of power to various in consultation with Directors.
- Attending External auditor in finalizations of books.
- Preparing Final accounts including Schedules and Sub-schedules to Balance Sheet and P&L Account.
Accounts-Executive
PepsiCo India Holdings Pvt. Ltd.
09.2008 - 09.2009
- Branch Accounting.
- Allocation and apportionment of branch expenses to various Depts.
- Reconciliation of inter branch transfers within unit and with HO.
- Preparation of month end reserves for expenses.
- Coordination of south Accounts.
- Compiling & filing of Sales Tax/VAT for Tamilnadu.
- TDS accounting and verification.
- Payment of FBT for Tamilnadu.
- Payment of Service Tax and preparation of ISD (Input Tax).
- PF and Professional tax payment.
- Capitalisation of Fixed assets.
Executive Accounts
Thomas Cook India Limited
05.2004 - 09.2008
- Domestic Airlines payment and reconciliation.
- BSP payment and reconciliation.
- Reconciliation of corporate Accounts like TCS, HUNDAI...
- Compiling & filing of monthly Service Tax return.
- Preparation of incentive Statement for corporate clients.
- Preparation of daily Funds Flow Statement and submission of daily funds request to Treasury Dept.
- Monitoring cash of all branches located at Chennai including transfer of cash between diff departments.
- Reconciliation of inter branch transfers.
- Allocation and apportionment of branch expenses to various Depts.
- Accounting of all insurance receipts, agent commission.
- Payment to all vendors after deduction of TDS.
Assistant Executive
Shriram Investment Limited
02.2003 - 05.2004
- Verification of necessary documents required for Lease.
- Verification of Assets given under Lease.
- Advance Analysis: Analysis of Agreements executed (Both own and SRTO).
- Settlement Analysis: Analysis of Agreements executed (Both own and SRTO).
- Budget Analysis: For Zonal office and branches.
- Preparation of regular & specific financial reports for Management.
- Inter Branch and Zone Reconciliation.
- Reconciliation of GL and Bank balances.
- Monitoring the Cash.
- Visiting Branches in South India.
- Analysis of Branch & Z.O. schedules.
Audit Assistant
Narayana Aiyar & Co
02.2000 - 02.2003
- Vouching of Receipts and Payments.
- Preparation / Verification of Bank Reconciliation statements.
- Preparation/Analysis of Final Accounts (Balance Sheet and P&L A/C).
- Statutory Audit (TEXCO).
- Stock Audit (Swing Stetter).
Education
Bachelor of Commerce (BCom) - Accounts
IGNOU
ICWAI - Cost & Management Accounting
Institute of Cost Accountants Of India
Skills
Cash Flow Management
Timeline
Head – Finance & Accounts
Oriental Cuisines Pvt. Ltd.
08.2021 - Current
AGM-Accounts
MGM Group Of Companies
09.2009 - 08.2021
Accounts-Executive
PepsiCo India Holdings Pvt. Ltd.
09.2008 - 09.2009
Executive Accounts
Thomas Cook India Limited
05.2004 - 09.2008
Assistant Executive
Shriram Investment Limited
02.2003 - 05.2004
Audit Assistant
Narayana Aiyar & Co
02.2000 - 02.2003
ICWAI - Cost & Management Accounting
Institute of Cost Accountants Of India
Bachelor of Commerce (BCom) - Accounts
IGNOU
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