Suresh Thota
Hyderabad
Summary
Detail-oriented Payables Accountant with extensive experience in financial management and analysis. Expertise in accounts payable procedures, invoice processing, and payment reconciliation has led to significant improvements in efficiency and accuracy of vendor payment management. Proven track record of achieving cost savings through strategic negotiation of vendor contracts and the implementation of enhanced accounting processes. Dedicated to further optimizing financial operations for sustained organizational growth.
Overview
14
14
years of professional experience
Work History
Assistant Manager
Medicover
Hyderabad
12.2022 - Current
- Assisted finance teams, in inputting and processing transactions accurately
- Processed invoices and payments quickly and accurately, maintaining precise up-to-date company finances
- Assisted with bank reconciliations, updating spreadsheets, and balancing accounts
- Conducted regular reconciliations of supplier statements, checking accuracy and flagging any issues
- Chased approvers for unapproved overdue invoices, and provided weekly reports highlighting outstanding invoices
- Supported completion of year-end and internal audit requests with precision and accuracy
- Completed administrative duties, opening post, printing invoices and monitoring emails
- Reported issues by communicating to finance team colleagues
- Added approved invoices to Microsoft D365, keeping accounts up-to-date
- Logged employee expenses, and cross-checked expense claims to comply with expense policy
- Coordinated accounts payable, adhering to company Authorisation Policy
Senior Accountant
Dream Modular
Hyderabad
07.2020 - 11.2022
- Special focus on AR and leads to following:
- Maintaining PO Balances Vs Invoices Vs Collections
- Ensuring Unapplied Vs Applied Vs Un identified and RR
- Good Exposer in P2P Process, Punching of Purchase Invoices, General Expenses-Validation, and Tracking of Accruals & Prepaid Expenses
- Processing payroll and preparing quarterly TDS returns (salary & Nonsalary)
- Variance Analysis of Expenses - Budgeted Vs Actuals Preparation - Cash Flow Analysis
- General Ledger Scrutiny, Vendor and Customer Reconciliations
- Coordination with Auditors as a part of Internal, Statutory and Stock audits other teams including tax, legal and controllers as part of various assignments
- Closures - Monthly, Quarterly, Half yearly and yearly as per Financial
- Project wise - Sales Vs Cost Analysis (Plan Vs Accruals Vs Actuals)
- Supporting to Seniors in closing Financial Accounting up to Finalization & Audit
- General Ledger Scrutiny, Vendor and Customer Reconciliations
Sr.Officer - Finance & Accounts
Tata Projects
Hyderabad
08.2017 - 06.2020
- Evaluated outstanding receivables.
- Supervised the coordination of internal reports and regulatory compliance.
- Led budgeting and forecasting initiatives resulting in significant cost savings and profitability improvements.
- Managed bank and credit reconciliations.
- Enhanced efficiency in handling outstanding invoices.
- Tracked PO balances and verified invoices against collections for high-profile clients.
- Gained substantial experience in general accounting tasks including purchase invoicing.
Account Executive
KVR BEST PROPERTY MANAGEMENT PRIVATE LIMITED
Hyderabad
02.2011 - 07.2017
- Petty Cash Handling, Maintains day-to-day accounts in Tally 9 ERP and Debtors & Creditors Ageing Analysis, Preparation of Sales & Purchase Vouchers, Inter-branch Reconciliations, Banking Activities and Reconciliations
Education
Master's Degree - Business Administration and Management, Finance and Financial Management Services
Andhra University
03.2009
Bachelor of Commerce - BCom - Business/Commerce, General
Andhra University
03.2007
Skills
- Goods and Services Tax (GST)
- Tax Deducted at Source (TDS)
- Ledger Reconciliation Expertise
- Vendor relationship management
- Cost control
- Year-end close
- Accounting and bookkeeping
- Account reconciliation expert
- Cashflow processes
- ERP accounting
- Budget forecasting expertise
- Accounts payable and receivable
- Bank reconciliation experience
Languages
Telugu
First Language
English
Upper Intermediate (B2)
B2
Hindi
Beginner
A1
Accounting Softwares
- Tally ERP9,Tally Prime
- Oracle R12
- Dynamics 365
Timeline
Assistant Manager
Medicover
12.2022 - Current
Senior Accountant
Dream Modular
07.2020 - 11.2022
Sr.Officer - Finance & Accounts
Tata Projects
08.2017 - 06.2020
Account Executive
KVR BEST PROPERTY MANAGEMENT PRIVATE LIMITED
02.2011 - 07.2017
Master's Degree - Business Administration and Management, Finance and Financial Management Services
Andhra University
Bachelor of Commerce - BCom - Business/Commerce, General
Andhra University
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