T. SOLOMON RAJKUMAR
Nalgonda
Summary
Result driven finance and accounting professional with 18 years of comprehensive experience in accounting operations, cost management, financial compliance, auditing, and management MIS reporting. Demonstrates expertise in financial operations, including accounts receivable and payable, general ledger management, and financial statement preparation. Skilled in optimizing financial processes, enhancing internal controls, and ensuring strict adherence to regulatory standards. Proven ability to drive financial efficiency, streamline cost structures, and improve overall organizational performance. Strong analytical and strategic decision-making capabilities, with deep expertise in accounting, finance, and auditing principles.
Overview
22
22
years of professional experience
Work History
Assistant Manager –Accounts Receivables
Apollo Health & Lifestyle Ltd
Hyderabad
05.2022 - Current
- Spearheaded monthly financials closing, ensuring timely MIS reporting and Revenue variance analysis, Dashboard publish for Operational Team
- Managed Related Party Transactions, ensuring accurate recording and accounting of revenue-sharing arrangements, compliance with financial reporting standards, and timely balance confirmations for all related entities
- Oversaw retail collections, invoice generation, and revenue recognition for the franchise business, ensuring accuracy and efficiency in financial operations
- Optimized receivables management through proactive follow-ups and periodic Expected Credit Loss (ECL) assessments, improving cash flow and risk mitigation
- Ensured Compliance with Statutory Laws of direct and indirect Tax and supported business growth through policy adherence and regulatory best practices
- Streamlined audit processes, ensuring timely submission of audit schedules and efficiently resolving queries to maintain compliance and accuracy
- Drove process automation initiatives, reducing turnaround time and enhancing the accuracy of financial reconciliation reports
- Collaborated with cross-functional teams to enhance financial planning, optimize costs, and implement strategic improvements for business growth
Senior officer – Accounts & Administration
Devihalli Hassan Tollway Ltd (Formerly L&T DHTL)
Hassan
01.2018 - 12.2022
- Company Overview: A subsidiary of L&T IDPL
- Oversaw end to end financial operations, ensuring Seamless work order validation P2P & R2R cycle handling and compliances with MSME regulations
- Perform daily reconciliation of toll collection, aligning banking records system data for error-free and ensuring daily accounting by recording collection entries systematically
- Conducting and managed multi - corporate bank reconciliations, strengthening financial control and cash flow efficiency
- Led Audit coordination in terms of Internal, External, statutory, IFC and addressing the queries and ensuring compliances
- Analyzed depreciation & fixed asset accounting, Maintaining accurate financial records and periodic Fixed asset verification
- Prepare budgets for Revenue & O&M expenses and conducting variance analysis and delivering insightful financial reports to highway authorities
- Monitoring traffic revenue trends ensuring accurate NHAI Audit reconciliation and compliances
- Ensuring timely payroll processing, statutory payments, and filing of Statutory returns
- Led tax compliances initiatives ensuring timely GST/TDS filing and regulatory adherences
- Ensure all Assets of projects are adequately insured promptly raise claims, follow-up on pending claims and provide all necessary inputs for claim settlements
- Optimized cash flow management, enhancing liquidity and financial stability
- A subsidiary of L&T IDPL
Senior Executive – Financial Compliance & Accounting
Reliance Jio Infocomm Ltd
Hyderabad
01.2014 - 12.2018
- Oversaw State level financial operations and ensuring the validation and seamless processing of subcontracting vendors' invoices for network infrastructure projects, including E-Node B sites and WIFI small cells (ODSC), within the SAP module
- Ensuring meticulous ledger account management, maintaining financial accuracy, and driving compliance with corporate policies to optimize vendor relations and operational efficiency
- Spearheading the management of the State Head Office Imprest Fund, ensuring seamless disbursement across multiple departments for operational efficiency
- Overseeing periodic bank reconciliations and cash flow statements to maintain financial accuracy and transparency
- Providing strategic financial insights and reports to Top Management
- Ensuring& processing timely payouts for Entrepreneur Channel Partner commissions and monthly settlements of their account’s balances
- Driving strategic financial insights through in-depth revenue analysis and cost-benefit evaluation of JIO Points, overseeing the financial performance of seven centers
- Responsible for periodic consolidation of financial data and delivering actionable cash flow reports to top management, enabling informed decision-making and business growth
- Managing the end-to-end contract order creation and rate card validation of FTTX (RJIL-Fiber to Home Project) for all activities specified in work orders
- Ensured seamless vendor invoice processing up to the payment stage while maintaining compliance with TDS and GST provisions
- Channel Partner Onboarding & verification, validation, and approval of due diligence documents for channel partner onboarding, ensuring adherence to compliance and business standards
- Represented the organization in legal and government proceedings, effectively addressing business-related matters and ensuring compliance with regulatory requirements
Accountant
M/S Siva Jyothi Enterprises
Hyderabad
01.2009 - 12.2013
- Recorded and maintained financial transactions by accurately entering account information in compliance with accounting standards
- Processed and prepared payments by verifying supporting documentation, ensuring accuracy, and initiating disbursement requests
- Updated and reconciled financial data in an automated accounting system, ensuring timely and accurate posting to appropriate accounts
Audit Assistant
M/S Gouru Dayakar &Co
Miryalaguda
01.2003 - 12.2005
- Trial Balance Preparation & Vouching: Conducted comprehensive vouching and prepared accurate trial balances from client accounting records, ensuring financial integrity and compliance
- Accounting Transaction Verification: Analyzed and validated accounting transactions by cross-referencing day books with ledger accounts to maintain accuracy and transparency
- Financial Projections & Loan Estimations: Developed detailed financial projections and estimations for short-term and long-term loans, as well as working capital requirements, to facilitate bank financing and strategic decision-making
- Audit Participation: Contributed to financial audits of banks and various commercial industries, ensuring compliance with regulatory standards and financial best practices
- Tax Compliance & Return Filing: Computed income tax liabilities and successfully filed tax returns for a diverse range of entities, including individuals, HUFs, companies, and sole proprietorships, ensuring adherence to tax laws and regulations
- Additional Financial Responsibilities: Performed various financial and accounting tasks as assigned, demonstrating versatility and a strong commitment to operational excellence
Education
ICWAI (Intermediate) -
The Institute of Cost Accountants of India
Bachelor of Commerce -
Nagarjuna Degree College
Skills
- Accounting & Financial Operations
- Accounts Receivables
- Accounts Payables
- General ledger management
- Revenue reconciliation
- Vendor payments
- Financial Reporting
- MIS
- Monthly dashboards
- Cost-benefit analysis
- Variance reporting
- Tax & Audit Compliance
- GST
- TDS
- MSME laws
- Statutory audits
- Cost & Budgeting
- Expense tracking
- Budgeting
- Cost control measures
- Process Improvement
- Automation
- Stakeholder Management
- Vendor Management
- Invoice validation
- Compliance adherence
Languages
- Telugu
- Hindi
- English
Timeline
Assistant Manager –Accounts Receivables
Apollo Health & Lifestyle Ltd
05.2022 - Current
Senior officer – Accounts & Administration
Devihalli Hassan Tollway Ltd (Formerly L&T DHTL)
01.2018 - 12.2022
Senior Executive – Financial Compliance & Accounting
Reliance Jio Infocomm Ltd
01.2014 - 12.2018
Accountant
M/S Siva Jyothi Enterprises
01.2009 - 12.2013
Audit Assistant
M/S Gouru Dayakar &Co
01.2003 - 12.2005
ICWAI (Intermediate) -
The Institute of Cost Accountants of India
Bachelor of Commerce -
Nagarjuna Degree College
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