SUNIL ALMEIDA
Finance Accounting and reporting
Mysore
Summary
Self-driven, motivated, and detail-oriented officer skilled at managing all financial operations. Experienced in developing and allocating budgets, managing financial accounts, conducting reports and revenue forecasts, and coordinating financial teams. A chartered accountant with excellent analytical skills extraordinary leadership/communication skills, strong attention to accuracy and ability to work under pressure.
Overview
8
8
years of professional experience
3
3
years of post-secondary education
5
5
Languages
Work History
Group Finance Manager
Trinity Energy Limited/Pacific Africa Petroleum LLC
5 2019
- Tax savings of SSP 1.2 bn during FY 2019
- Product cost saving of more than $500,000 with Rubis and Pacific
- Regularizing NSIF, PIT of employees
- Payment of Employment taxes like PIT and filing returns on time
- Successfully completed many audits (more than seven audits) like, Internal audits, External audits,
- Revenue authority audit etc.
- Regularization of accounting process and maintenance of proper records
- Secured SSP 1.5 Bn overdraft facility from KCB and later extended to SSP 2.4 Bn.
- Actively worked to secure $50mn revolving credit facility from Afrexim bank
- Introduced many internal controls and procedures to strengthen accountability and transparency.
- Cost reduction and cost savings
Finance Manager
Karunadu Services Pvt Ltd
09.2015 - 04.2019
Finance Manger
IETC Zimbabwe Pvt Ltd (Subsidiary of 'ETG Group')
06.2013 - 07.2015
- Received VAT refund of USD 1 Million for the first time in the history of IETC and successfully completed
- VAT Audit for preceding 5 years.
- Saved Reserve Bank of Zimbabwe penalty of USD 228k by arranging and submitting bills of Entries on
- Imports of commodities.
- A penalty of USD 11.38 Million levied by Zimbabwe Revenue Authority was resolved and reduced to USD
- 119K.
- Introduced various Internal Control system and Standard operating procedures to improve productivity
- Savings on Bank Charges of approx. USD 15k by using PAYNET service.
- Availed USD 480K loan from Africa Enterprise Challenge Fund (AECF) Project at Zero Interest rate.
- Availed overdraft of USD 1.50 Million at competitive interest rate
Senior Executive - Finance and Accounts
M/s Invenio Commodity Services Pvt. Ltd. (Subsidiary of 'Olam International Limited')
02.2011 - 05.2013
Manager - Accounts and Finance
M/s India Agro Exports Private Limited
- 01.2011
Education
Chartered Accountant - Accounting And Finance
Institue of Chartered Accountants of India
New Delhi, India 04.2001 -
Master of Commerce - Accounting And Finance
BANGALORE UNIVERSITY
Bengaluru, India 05.1998 - 04.2001
MBA - Finance
Symbiosis Center For Distance Learning
Pune 04.2001 -
Skills
Leadership and Team Management skills, Time Management and Organizational Skills, Business acumen and Strategic thinking, Strong Work ethic and Integrity
Application Package Microsoft-365
Accounting Software SAP, Tally ERP 9, Oracle (I-Olam) Accounting Software, MS-Dynamics AX 2009, ZOHO Books and Odoo ERP
Financial accounting, Financial Reporting and Analysis, Budgeting and Forcasting,
Cash flow Projection, IFRS, GAAP, Financial Modelling,
Data Analysis skills, Strong Analytical and problem-solving skills,
Corporate/ Business Tax, Indirect Tax, Statutory Compliances,
Leadership and Team Management skills, Time Management and Organizational Skills, Business acumen and Strategic thinking, Strong Work ethic and Integrity
Key Deliverables
- Tax savings of ssp 1.2 bn during FY 2019
- Product cost saving of more than $500,000 with Rubis and Pacific
- Regularizing the NSIF, PIT of employees
- Payment of Employment taxes like PIT and filing the returns on time
- Successfully completed many audits (more than seven audits) like, Internal audits, External audits, revenue authority audit etc.
- Regularization of accounting process and maintenance of proper records
- Secured SSP 1.5 Bn overdraft facility from KCB and later extended to SSP 2.4 Bn.
- Actively worked to secure $50mn revolving credit facility from Afrexim bank
- No misappropriation of fund during my tenure
- Introduced many internal controls and procedures to strengthen accountability and transparency.
- Cost reduction and cost savings
Strategy Planning
Heading finance functions, determining financial objectives, designing, and implementing systems, policies, and procedures to facilitate internal process controls. Designing business plans and strategies for maximizing the profitability, revenue generation and realizing corporate goals. Identifying and articulating improvement initiatives aligned with group and departmental goals and actively participating in process improvement projects.
Finance And Accounts
Monitoring preparation of statutory books of accounts, bank and party reconciliation, consolidated reports in compliance with time and accuracy norms. Preparation of financial statements including trial balance, profit and loss accounts, age-wise accounts payables, receivables statements and balance sheets. Consolidating monthly financial results for reporting, financial data for budgets and forecasts, including development and maintenance of financial models. Ensuring that all government regulations and requirements are disseminated to appropriate personnel and monitoring statutory compliance. Oversee the management and coordination of all fiscal reporting activities of the organization. Oversee all purchasing and payroll activity of staff and participants. Develop and maintain systems of internal controls to safeguard financial assets of the organization. Oversee the coordination and activities of independent auditors ensuring all audit issues are resolved, and all compliance issues are met. Monitor banking activities of the organization. Ensure adequate cash flow to meet the organization's needs. Oversee Accounts Payable and Accounts Receivable. Oversee business insurance plans and health care coverage analysis. Oversee the maintenance of the inventory of all fixed assets. In-charge of all legal matters and contracts. Any other jobs as assigned by the top management. GST compliances on a periodical basis.
Accounts Receivable Payable
Handling reconciliation of accounts receivable trial balances with the general ledger control account. Maintaining all advance deposits and balancing them to the general ledger at month end. Guiding the reconciliation of monthly collections between Billing System and Accounting System, handling aging and bad debts provisioning.
Budgeting Mis
Formulating annual budgets, conducting variance analysis to determine difference between projected and actual results and implementing corrective actions. Overseeing the preparation of MIS including daily cash report, cash flow actuals (monthly and weekly), monthly and purchase and sales report. Monitoring inflow / outflow of funds, taking adequate measures to ensure optimum utilization of available funds towards the accomplishment of organizational objectives.
Auditing Taxation
Attending to internal audit, evaluating the internal control systems with a view to highlight shortcomings, and implementing recommendations made by Internal Auditors. Computing and arranging timely deposit of taxes, filing returns (VAT, TDS, and Service Tax) for timely completion of assessment, and ensuring statutory compliance. Filing monthly EPF return, processing PF claim, assuring the timely issuance of Form H, Form C, Form 16, and Form 16A to the relevant parties. Oversee the coordination and activities of independent auditors ensuring all audit issues are resolved, and all compliance issues are met.
Commercial Operations
Handling the processing of payroll and timely disbursement. Supervising the inward remittance of foreign currency and finalizing the exchange rate. Formulating the transfer pricing report, filing monthly ER 2 returns to Customs Department. Filing monthly, quarterly, and annual report to APEDA and CSEZ respectively. Overseeing the maintenance RG16 register, B 17 Bond register and other customs registers. Managing the logistics functions like timely booking of container, arranging necessary documents, finalizing the freight rate, and clearing charges.
Preceding Tasks
- IBM Daksh Pvt. Ltd. as Executive CRM, U.S. Process: Nov'06 - Jul'07
- Asian Fab Tec Limited as Accounts Officer: May'06 - Oct'06
- ARTICLESHIP & AUDIT ASSISTANT
- M/s H B Sunil and Co., Chartered Accountant: Jan'01 - Feb'06
Education And Development
- Chartered Accountant from Institute of Chartered Accountants of India in 2018.
- M.Com - Specialization in Financial Management from Karnataka State Open University, Mysore University in 2012.
- MBA - Specialization in Financial Management from Symbiosis Centre for Distance Learning Institute, Pune in 2011.
- B. Com specialized in Financial Management from Rural College, Kanakapura, Bangalore University in 2001.
- Food Safety and Environment Safety Training
- English Typewriting Junior from Karnataka Secondary Education Examination Board in 1997.
- Six Sigma Awareness Training from IBM in 2007.
- B' Certificate in NCC (National Cadet Corps)
Games Sports Cultural Activities
- Represented Rural College, Kanakapura in Body Building competition at Bangalore University in the year 2000.
- Secured first place and Conferred "Kanaka Shree" Award in Body Building Championship in 2000 at town level competition, Kanakapura.
- Participated in Cycling Expedition from Kanakapura to Dharmasthala covering 350 kms in the year 1998.
- Participated in various debate competitions at Rural College, Kanakapura, 1998.
- Participated in drama competition at Rural College, Kanakapura, 1998.
- Played for the Hockey, Football and Table Tennis team during schooling at Rural Multipurpose High School during the year 1994 to 1996.
Personal Information
- Number of Children: 2
- Date of Birth: 07/18/80
- Nationality: Indian
- Marital Status: Married
- Religion: Christian
Timeline
Finance Manager
Karunadu Services Pvt Ltd
09.2015 - 04.2019
Finance Manger
IETC Zimbabwe Pvt Ltd (Subsidiary of 'ETG Group')
06.2013 - 07.2015
Senior Executive - Finance and Accounts
M/s Invenio Commodity Services Pvt. Ltd. (Subsidiary of 'Olam International Limited')
02.2011 - 05.2013
Chartered Accountant - Accounting And Finance
Institue of Chartered Accountants of India
04.2001 -
MBA - Finance
Symbiosis Center For Distance Learning
04.2001 -
Master of Commerce - Accounting And Finance
BANGALORE UNIVERSITY
05.1998 - 04.2001
Group Finance Manager
Trinity Energy Limited/Pacific Africa Petroleum LLC
5 2019
Manager - Accounts and Finance
M/s India Agro Exports Private Limited
- 01.2011