Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Personal Information
References
Timeline
Generic
Sunilkumar B Kolal

Sunilkumar B Kolal

Srinidhi Layout, Bengaluru

Summary

Dynamic finance professional with extensive experience at Max Hypermarket India Pvt Ltd, excelling in budgeting, forecasting, and variance analysis. Proven track record in enhancing management reporting and optimizing store P&L preparation. Skilled in Oracle Financials and advanced MS Excel, complemented by strong time management abilities to drive financial performance.

Overview

12
12
years of professional experience

Work History

Assistant Manager, FP&A

Max Hypermarket India Pvt Ltd (SPAR)
Bangalore
10.2022 - Current
  • Monitoring and controlling of the Financial Planning and Analysis.
  • Monthly provisioning, general ledger scrutiny, review, and closure of trial balance.
  • Monthly books closure activity.
  • Preparation of budgets, forecasts, and presenting to management.
  • Preparation and reporting of monthly MIS and profitability statements, channel-wise and at the company level.
  • Reporting budget vs. actual evaluation, and action plan for deviation.
  • Coordinating with statutory and internal auditors.
  • Preparation of monthly decks on financial performance for board meetings.
  • New store tracker analysis: PFR vs. Actual.
  • Preparation of Category P&L for category-level productivity performance.
  • Monthly review of financial schedules and actions to close the pending points.

Senior Executive, Commercial & Accounts

The Nilgiri Dairy Farm Pvt Ltd
Bangalore
06.2021 - 10.2022
  • Monitoring and controlling of the commercial and accounting activities
  • Responsible for preparing and monitoring of cash inflow & outflow.
  • Responsible for collections from the franchisee stores.
  • Responsible for preparing weekly and monthly payment plans.
  • Responsible for analyzing of warehouse inventory and discussing with category team to move the stock to stores.
  • Timely closing of Statutory and Internal Audits.
  • Responsible for preparing costing for Dairy & Bakery products.
  • Responsible for preparing Inventory provision workings
  • Responsible for initiating and monitoring of the franchisee agreements and renewals with agreed terms.
  • Responsible for initiating legal actions viz recovery notices, termination notices to the defaulting franchisees with the co-ordination of legal team.
  • Responsible for sending weekly Statement of Accounts to franchisees.

Senior Officer, Accounts Payable

More Retail Private Limited (Formerly known as Aditya Birla Retail Ltd)
Bangalore
11.2020 - 06.2021
  • Monitoring and controlling the accounting activities of all Non-Merchandise transactions.
  • Responsible for allocating, monitoring and accounting of Non-Merchandise invoices.
  • Booking of property rental invoices and ensure that it is ready for payment processing.
  • Responsible for validation of all statutory related details are as per the records.
  • Responsible for application of TDS based on the nature of the transaction.
  • Responsible for rent calculation for revenue sharing rentals.
  • Accounting of debit and credit notes.
  • Publishing of daily report on the Un-invoice GRNs and invoices processed.
  • Accounting of monthly provisions and journal entries.
  • Preparing and reporting of month end schedules.

Senior Officer, MIS & General Ledger

More Retail Private Limited (Formerly known as Aditya Birla Retail Ltd)
Bangalore
11.2017 - 10.2020
  • Maintain timely and accurate MIS and book-keeping for the zone.
  • Responsible for preparation and circulation of daily sales for the zone with budget plan.
  • Preparing and presenting monthly P&L on region performance.
  • Responsible for preparation of store wise P&L for the zone.
  • Responsible for preparation and publishing monthly & yearly flash reports of Sales, Expiry, Damage, Wastage and other reports.
  • Preparation of performance comparison report between previous occurrence and latest results.
  • Accounting of monthly provisions.
  • Responsible for GL entries posting and reconciliations.
  • Responsible for cost analysis based on the trend and actuals.
  • Responsible for calculation and accounting of performance incentives of stores on sales and DES.
  • Responsible for shared cost calculations for intercompany stock transfers from various DCs, processing centers and production units.
  • Support to closure of Financial Capex of new stores by validating the actual GRNs with budgeted Capex.
  • Preparing and reporting of schedules for month end, financial year end provisions, prepaid expenses, prepaid AMC, prepayment and deposits.
  • Providing reconciliations and supporting documents during interim and year-end audits.
  • Responsible for preparation of financial need reports that being submitted to department heads.
  • Publishing budget vs actual cost.

Senior Officer, Accounts Receivables

More Retail Private Limited
Bangalore
07.2013 - 10.2017
  • Managed and controlled the accounting activities of all receivables of the zone on a day-to-day basis.
  • Preparation of DSR and circulation.
  • Reconcile of Daily sales reconciliation vs Oracle sales.
  • Accounting of receipts.
  • Accounting of debit and credit notes.
  • Responsible for Bank reconciliation of cash, card and coupon sales.
  • Responsible for debtor realization and reconciliation.
  • Preparing month end provisions and analysis.
  • Timely closing of Statutory and Internal Audits.
  • MIS on cash pick up charges and Credit card charges.
  • Responsible for arranging cash pick up, EDCs for NSO.
  • Excellent communication skills utilized in resolving customer queries.
  • Responsible for compile data and prepare monthly reports.
  • Initiated the control on Tender shortages for the region at MRPL.
  • Implementation of Online tender declaration process in the region at MRPL.
  • Nominated for the Young Achiever Award in the year 2017 at MRPL.

Education

MBA - Finance

Karnatak University
Dharwad, Karnataka
07-2013

BBA - Finance

Karnatak University
Dharwad, Karnataka
08-2011

Skills

  • Budgeting and forecasting
  • General ledger
  • Management reporting
  • Store P&L preparation
  • Variance analysis
  • Inventory analysis
  • Product costing
  • Oracle Financials
  • Advanced MS Excel
  • PowerPoint
  • Time management

Accomplishments

  • Initiated the control on Tender shortages for the region at MRPL.
  • Implementation of Online tender declaration process in the region at MRPL.
  • Nominated for the Young Achiever Award in the year 2017 at MRPL.

Languages

  • English
  • Kannada
  • Hindi

Personal Information

  • Date of Birth: 05/01/90
  • Gender: Male
  • Nationality: Indian

References

Available on request

Timeline

Assistant Manager, FP&A

Max Hypermarket India Pvt Ltd (SPAR)
10.2022 - Current

Senior Executive, Commercial & Accounts

The Nilgiri Dairy Farm Pvt Ltd
06.2021 - 10.2022

Senior Officer, Accounts Payable

More Retail Private Limited (Formerly known as Aditya Birla Retail Ltd)
11.2020 - 06.2021

Senior Officer, MIS & General Ledger

More Retail Private Limited (Formerly known as Aditya Birla Retail Ltd)
11.2017 - 10.2020

Senior Officer, Accounts Receivables

More Retail Private Limited
07.2013 - 10.2017

MBA - Finance

Karnatak University

BBA - Finance

Karnatak University

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Sunilkumar B Kolal