Suresh Kumar Gajjalakonda

• Led the Financial Planning and Analysis (FP&A) department, overseeing a team of 12 professionals and managing annual budgets exceeding $120 million.
• Collects and analyzes financial data to prepare accurate forecasts, offering strategic recommendations to address challenges and capitalize on strengths.
• Oversaw the preparation of timely and accurate financial statements in compliance with regulatory requirements
• Directed cross-functional teams in the development of long-range financial plans, resulting in a 25% year-over-year improvement in forecasting accuracy.

Ensure all tax filings and supporting documentation are in order for an efficient audit response. This includes maintaining records of tax deductions, credits, income, and expenses.
• Implemented a new financial reporting system that boosted reporting efficiency by 30%, enabling more informed and timely decision-making.

• Implemented robust financial controls and governance, leading to a 10% reduction in operational risks
• Headed the financial due diligence for a major acquisition, contributing to a 20% increase in market share for the company
• Optimized cash management strategies, resulting in a 15% average increase in positive cash flow across all departments.
• Collaborated with IT and procurement teams to streamline purchasing processes, leading to annual cost savings of $2 million
• Provide strategic guidance on investment activities, advising the company on optimal investment opportunities and recommending strategies to maximize returns and minimize risk
• Liaise with auditors to ensure effective monitoring and compliance with financial regulations, maintaining transparency and accuracy in company finances. Established clear and professional communication with tax authorities, proactively addressing any issues before they escalate.
• Developed and maintained tax plans, compliance procedures, and risk assessment frameworks to ensure effective and efficient tax management.

Objectively review an organization's business processes

Ensure that the organization is complying with relevant laws and statutes

Make recommendations on how to improve internal controls and governance processes

Obtaining, analyzing and evaluating accounting documentation, reports, data, flowcharts etc

Determining internal audit scope and developing annual plans

Performing the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations

Travelling to different sites to meet relevant staff and obtain documents and information

Preparing reports to highlight issues and problems and distributing the reports to the relevant people

Assessing how well the business is complying to rules and regulations and informing management of any issues that need addressing

• Maintaining of books of accounts independently by complying with the financial systems and procedures of Naandi Foundation, Statutory requirements and Donors Agreements.
• Supporting the program staff in finalizing the program budgets of State and Zonal / Field level by complying with the funder guidelines and budgets.
• Review and monitoring the budget vs actuals of State and Zonal / Field level by complying with the funder guidelines.
• Supporting the program staff in finalizing the contracts / consultancies of activities related programmes.
• Supporting the program staff in finalizing the budgets of Implementing partners
• Preparing the implementing partners Grant agreements by complying with the Partnership guidelines of Naandi Foundation and the Donors guidelines.
• Review and monitoring of implementing partners SOE’s in comparison with the approved budgets.
• Implementing and monitoring the internal audits, reviews of financial systems of State and Zonal/field Offices including Implementing partners.
• Preparing and reviewing the financial reports by complying with all the reporting requirements for both Naandi Foundation and Donors on timely and professional manner.
• Ensure the Financial policies, systems and procedures etc., are followed and are in line with the organization policies.
• Ensuring timely compilation and Finalization of Accounts on a monthly basis TDS Related - Deduction, Accounting, Payment and Returns
• Preparing Month End Reports- Like Month end provision ,adjustment entries, closing entries etc
• Coordinating/facilitating the Donor & Statutory Audit and review and compliance of the Audit Reports.
• Verification / Reconciliation Of General Ledger Account like Bank Account, Expenses Account, Personal Account, Sundry Creditors, Debtors Ledger etc
• Assist to set up and maintain adequate in-country financial reporting in accordance with government regulations for FCRA and Income Tax rules.

• Preparing Journal Entries including setting up of recurring Journal Entries, accrual and prepaid and intangibles
• Preparing inter-company entries prepared to support legal entity structure period end close process- Close Sub Ledger's, Reconcile General Ledger and Sub Ledger, clear Inter-Company accounts.
• Review and provide sign-off on Financial Statement and Inter-company reconciliations perform General Ledger accounts review and settlements and ensure timely close of General Ledger period
• Collaborated with Clients leadership and ensure adherence to SLAs
• Be aware of all details of the business process and any process related changes. Ensure that the SOP (Standard Operating Procedure) is regularly updated.
• Communication with the Customer on a regular basis.
• Actively participated in detecting and fixing problems reported by the customer, or related to either process defects or any system usage.
• Regular - at least monthly - documentation of the process measurements. Prepare the dashboards and communicate to management, to the team and to the customer.

Gather information on hours worked for each employee

Calculate the correct amount incorporating overtime, deductions, bonuses etc. with assistance of a computer system

Receive approval from upper management for payments when needed

Prepare and execute pay orders through an electronic system or distribute paychecks

Administer statements of payment to personnel either electronically or on paper

Process taxes and payment of employee benefits

Keep track of hour rates, wages, compensation benefit rates, new hire information etc.

Address issues and questions regarding payroll from employees and superiors

Prepare reports for upper management, finance department etc.