Desired Job Title
Chief Financial OfficerGM - FinanceFinancial ControllerFinancial ControllerFinancial ControllerWork Type
Full TimeLocation Preference
On-SiteRemoteHybridLocation: Bangalore, INKenyaAnyware in India
Open to relocation: Yes
Open To Work
Suresh V
Charted Accountnat
Bangalore,KA
Work Preference
Summary
Strategic financial leader with expertise in cash flow management and risk assessment. Optimized resources and enhanced profitability through innovative cost reduction strategies. Mentored teams and developed strong relationships with stakeholders.
Overview
33
33
years of professional experience
Work History
Chief Financial Officer
Consolidated Construction Consortium Ltd
Chennai
09.2024 - Current
- Directed financial strategy and budgeting processes for large-scale construction projects.
- Oversaw financial reporting and compliance with industry regulations and standards.
- Managed cash flow and investment strategies to optimize organizational resources.
- Collaborated with executive team to align financial goals with business objectives.
- Led risk management initiatives to identify and mitigate financial exposure.
- Developed and implemented internal controls to safeguard company assets.
- Mentored finance team in best practices for financial analysis and forecasting.
- Evaluated financial performance to provide actionable insights for strategic decision-making.
- Conducted financial reviews of operations to pinpoint opportunities for cost savings and process enhancements.
- Managed relationships with external auditors, bankers and investors to ensure compliance with all regulations.
- Coordinated financial statement reviews to coordinate variance reporting, analysis of year-to-date and forecast performance against expectations.
- Analyzed operational processes and implemented continuous improvement initiatives to promote profitability and efficiency.
- Directed the preparation of timely and accurate financial statements in accordance with Generally Accepted Accounting Principles.
- Negotiated favorable payment terms with vendors while maintaining a positive working relationship with suppliers.
- Established policies related to internal controls over accounting systems as well as financial processes within the organization.
- Ensured compliance with federal, state and local laws regarding taxation and reporting requirements.
- Provided strategic advice on capital structure, debt financing, investments, acquisitions, divestitures and other corporate finance matters.
- Evaluated new business opportunities from a financial standpoint in order to determine the viability of projects..
- Prepared financial forecasts to support fiscal planning and management.
- Identified cost saving measures through analysis of existing operational procedures.
- Prepared detailed reports for executive leadership regarding key performance indicators such as sales growth or expense ratios.
- Collaborated with IT department on implementation of software solutions that streamline financial processes.
- Supported company growth objectives by developing solid financial plans.
- Developed plans to standardize and facilitate organizational asset management.
- Minimized losses by improving financial strategies to improve corporate position.
- Analyzed business trends and provided forecasts to senior management team for decision making purposes.
- Modified comprehensive financial reporting package to reflect growing organizational complexity and managed financial reporting processes to validate internal and external financial results align with GAAP.
- Formulated and delivered financial and budget reports for investors, partners and stakeholders.
- Devised funding strategies to drive company vision and support tactical initiatives.
- Restructured outstanding debt resulting in reduction in annual interest expenses.
- Made proactive adjustments to fiscal policies according to available company resources and desired outcomes.
- Reviewed contracts pre-execution to assess financial viability and mitigate potential risks.
- Devised strategies to drive organizational vision and grow revenues.
- Oversaw finances for revenue generated by management projects.
- Created and implemented best practices to standardize internal processes and procedures.
- Oversaw corrective action plans to remedy structural, organizational and departmental issues.
- Optimized supply chain to reduce materials costs and improve distribution.
- Improved profitability by accurately maintaining P&L to meet prime fiscal responsibility.
- Oversaw technological improvements, successfully reducing waste and eliminating business bottlenecks.
- Implemented strategic offerings to enhance company's suite of products and services.
- Leveraged trends in customer industries and marketplaces to shape solutions and approaches.
- Drove revenue by cultivating successful client relations.
- Strategized and implemented plans to transform and revitalize operations, capitalizing on emerging industry trends.
GM - Finance
Coral Manufacturing Ltd
06.2022 - Current
- Conducted financial reporting and analysis for specific business units, prepared and reviewed MIS reports such as profitability reports and monthly rolling forecasts to identify issues, risks, and saving potentials while ensuring compliance with GAAP, IFRS, and fulfilling various reporting requirements.
- Supervised overall financial performance by providing timely financial analysis, highlighting monthly performance and key variances, and recommending corrective actions to enhance cost efficiencies while overseeing finalization of books of accounts, general ledger, and trial balance, reviewing costing, and regularly monitoring operational costs and product profitability.
- Liaising and negotiating with Banks & Financial Institutions for raising of funds and non-fund based facilities and favourable terms to meet the project, working capital requirement, LC, Bank Guarantee and the Foreign Advance remittance and competent rates.
- Monitoring the inflow and outflow of funds and ensuring optimum utilisation of available funds to accomplish organizational goal. Monitoring the cash flow of the company to review the cash position and forecasting funds required for numerous expenses. Exposure to debt leverage and waterfall cash flow management.
- Instituted internal control systems for revenue assurance, receivables, payables, and inventory. Managed debtors by conducting aging analysis and ensuring timely realizations.
- Leading the preparation and Capital / Project Budget and monitoring thereof with Actuals and reporting of variances. Identifying areas where cost can be reduced or efficiencies can increased. Driving cost improvement and efficiencies.
- Monitoring & Analyzing the Movement of the Currencies and booking forward contracts. Handling the forward positions, preparing MIS report.
- Monitoring and review of month-end schedules and providing tax accounts receivables/payables portion of month end closure. Handling accounts receivable/payable accruals and reconciliation of accounts receivable/trial balance to the general ledger including reconciling of the vendor statements.
- Managed production of wind mill coils for Enercon Wind Mill Energy Pvt Ltd, ensuring quality and adherence to project timelines.
Financial Controller
Abyssinia Group of Industries Limited
Nairobi
12.2019 - 03.2022
- Developed and monitored budgets and financial plans in collaboration with CEO to align financial strategies with company goals
- Created monthly and annual reports to analyze results, trends, and financial forecasts, aiding in strategic decision-making
- Supervised financial department staff, including accountants and financial assistants, to ensure accurate and timely financial reporting
- Establishing and implementing financial reporting systems to comply with government regulations and legislation
- Collaborating with auditing services to ensure proper compliance with all regulations
- Ensuring that all financial transactions are properly recorded, filed, and reported
- Examining all financial reports and data closely to check for discrepancies
- Creating systems to prevent errors in data collection and calculations
Financial Controller
Steel Makers Limited
Nairobi
03.2016 - 09.2019
- Oversaw planning, monitoring, and control of company's cash flow to optimize working capital management.
- Implemented internal controls and ensured effectiveness.
- Led team of eight employees to improve performance and productivity through targeted initiatives.
- Maintained proper financial records in an accurate and timely manner.
- Evaluated controls, accounting, and reporting procedures to identify and address potential improvements.
- Addressed and documented any deficiencies or business productivity and efficiency opportunities.
- Monitor Statutory returns and taxes are remitted within timelines specified.
- Coordinating with statutory audits and ensured reporting are undertaken within the timelines set.
Financial Controller
Rajshriya Automotive Industries
Hosur
03.2007 - 02.2016
- Managed planning cycle and budget process to align financial objectives with organizational goals
- Directed Accounts Payable, Accounts Receivable, Treasury, and Inventory to ensure accurate financial reporting and effective cash flow management
- Oversaw business partnering activities to enhance collaboration and support strategic initiatives
- Implemented, aligned and executed guidance from the regional controlling team on (corporate) strategies and processes
- Ensured proper communication of planning, deadlines, targets and other relevant data for the budget cycle to relevant stakeholders
- Maintained knowledge, and compliance with tax regulations and requirements and keep up to date with the current tax procedures and developments
- Acted as the main point of contact for external auditors during the year-end audit
- Oversaw compliance with corporate SOPs and local regulations.
- Managing a team of twenty-six
Finance and Accounts Manager
Apara Enterprises Solutions
Bangalore
05.2003 - 02.2007
- Led a team of six members to achieve project goals.
- Managed financial planning and budgeting processes for diverse client accounts.
- Oversaw account reconciliations to ensure accurate financial reporting.
- Coordinated audits and compliance reviews to meet regulatory requirements.
Finance Executive
GE BEL Limited
Bangalore
06.1998 - 04.2003
Article Clerk
Shiva Ram & Krishnan Associates
Bangalore
09.1996 - 05.1998
Finance and Accounts Executive
Bellary Steels & Alloys Limited
Bangalore & Bellary
05.1993 - 08.1996
Education
Charted Accountant -
Institute of Charted Accountants of India
NEW DELHI05-2002
Bachelor of Commerce -
Berhampur University
Orissa01-1993
ACS (Inter Completed) -
ICSI
NEW DELHISkills
- Financial administration
- Financial strategy
- Financial analysis expertise
- Financial reporting
- Budget management
- Debt management expertise
- Cash flow management
- Cost reduction
- Cost reduction
- Working capital management
- Risk management
- Risk assessment
- Internal controls
- Compliance standards
- Regulatory requirements
- Regulatory compliance
- Corporate governance
- Audit coordination
- Financial policy creation
- Tax planning and strategy
- Tax compliance
- Asset valuation
- Debt management expertise
- Performance metrics analysis
- Business forecasting
- Global financial strategy
- Strategic financial planning
- Financial administration
- Financial technology adoption
- Treasury management
- Portfolio and fund management
- Venture capital management
- Capital raising
- Capital fundraising
- Investor relations management
- Revenue assurance
- Strategic planning
- Strategic business planning
- Operational management
- Process improvement
- Liaison and control
- Controls oversight
- Relationship management
- Team leadership
- Cross-functional team leadership
- Corporate leadership
- Operational decision making
- Negotiation skills
- Problem solving
- Reporting expertise
- Reporting skills
- Accounting principles
- Policies and procedures
- Budgeting audit
- Tax compliance
- Financial systems integration
Accomplishments
- Played key role to make the current Organisation profitability from PAT to 9% positive PAT.
- Established the process of Pricing and contract management.
- Demonstrated excellence in managing an investment portfolio of Rs.1800 Crores.
- Successfully managed Forex Contracts and Hedge book of USD 550 Million for various Currencies.
- Successfully generated consistent savings in the organisation every year.
Personal Information
- Current CTC: 56 Lakhs PA
- Expected Salary: As per Industry Norms
- Notice Period: 30 Days
Timeline
Chief Financial Officer
Consolidated Construction Consortium Ltd
09.2024 - Current
GM - Finance
Coral Manufacturing Ltd
06.2022 - Current
Financial Controller
Abyssinia Group of Industries Limited
12.2019 - 03.2022
Financial Controller
Steel Makers Limited
03.2016 - 09.2019
Financial Controller
Rajshriya Automotive Industries
03.2007 - 02.2016
Finance and Accounts Manager
Apara Enterprises Solutions
05.2003 - 02.2007
Finance Executive
GE BEL Limited
06.1998 - 04.2003
Article Clerk
Shiva Ram & Krishnan Associates
09.1996 - 05.1998
Finance and Accounts Executive
Bellary Steels & Alloys Limited
05.1993 - 08.1996
Charted Accountant -
Institute of Charted Accountants of India
Bachelor of Commerce -
Berhampur University
ACS (Inter Completed) -
ICSI