Tulasi Kumar Duthala
Chennai
Summary
Energetic, Result-oriented and creative professional, targeting assignments in Finance, Accounting and Taxation with Manufacturing Industry A result-driven Chartered Accountant with over 6.5 years of extensive industrial experience; along with 3 years of article ship experience, in engagements such as Finance, Accounting and Taxation with NLC India Limited, a NAVARATNA CPSE of Govt of India Skilled in streamlining Plant Finance, Costing Channel Assist, Budgeting, Controlling, Process Improvement, Accounts Payable, Period end closing, CERC Tariff Petitions, Power Trading and Compliance to GST and Income Tax. Devised accounting, financial & commercial strategies, implemented adequate internal & financial controls, arranged the cash flow & funding requirement, financial reporting while determining the appropriate capital structure Significant experience in conceptualizing and implementing annual budgets with working capital management, profit monitoring and building internal financial controls Expertise in implementing Accounting Standards (AS) and ICAI Guidelines in the preparation of reports and variance analysis; followed the accounting controls as per policies and procedures & complied with legal and regulatory requirements Professional Knowledge in SAP-FICO and MS-Office Hands-on experience in managing indirect taxation covering, preparation & filing of GST Outward, Inward & TDS Returns Extensive knowledge of Accounting & Taxation Laws Excellent analytical and technical skills with strong interpersonal, verbal and written communication skills
Overview
7
7
years of professional experience
Work History
Manager/Finance
NLC INDIA LIMITED, NAVARATNA CPSE of Govt of
01.2022 - Current
- Accomplished multiple tasks within established timeframes.
- Maximized performance by monitoring daily activities and mentoring team members.
- Resolved staff member conflicts, actively listening to concerns and finding appropriate middle ground.
- Cross-trained existing employees to maximize team agility and performance.
- Planned and budgeted accurately to provide business with resources needed to operate smoothly.
- Monitored and analyzed business performance to identify areas of improvement and make necessary adjustments.
- Successfully managed budgets and allocated resources to maximize productivity and profitability.
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and sales tax returns.
- Prepared balance sheets, cash flow reports and income statements.
- Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
- Oversaw accounts payable and receivable operations for [Type] business with $[Amount] in monthly expenses.
- Measured actual performance against operating plan and interpreted results for all levels of management.
- Developed financial models, analytics and automated reporting and forecasting tools to increase productivity.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Used cost and schedule analysis to measure program performance trends and forecast delivery.
- Prepared comprehensive financial reports by collecting, formatting and analyzing key data points.
- Generated insightful presentations summarizing data and facilitating decision-making for senior management.
- Developed monthly variance reports to highlight significant variances in cash flow and capital expenditures.
- Recommended debt structures by analyzing refinancing options and identifying opportunities for cost savings.
- Prepared monthly P&L statements and pro-forma financial models to assess current and projected financial performance.
- Completed variance analysis and quarterly forecast reporting to maintain data integrity and accuracy.
- Prepared financial reports by collecting, formatting, analyzing and explaining information.
- Participated in monthly, quarterly and annual closing and audit processes, preparation of monthly P&L reporting packages and leading budget vs. actual reviews with department heads
Deputy Manager
NLC India Limited
Neyveli
11.2016 - 01.2022
- Financial analysis that provides senior management insights on operating performance, financial position and forecast for the upcoming quarter and year
- Involved in preparation of Annual Revenue and Capital budgets in consultation with user departments, while adhering to internal guidelines
- Tracking performance against budgets, conducting in-depth analysis of variances and revising budget estimates to incorporate changing conditions and to increase organisation’s financial standing
- Develop and analyse variance reports, provide commentary on variance, identify potential improvement opportunities and suggesting the cost mitigation measures during budget reviews
- Provide management with the regular analytical support by generating Efficiency Ratios, Break Even Points at different operational parameters, Required Rate to achieve targets, comparing with past trends
- Gathering benchmark data, comparing the Key Performance and Financial Indicators with other firms and highlighting the areas for improvement to the top management
- Preparing monthly flash cost and profitability statements, Capex reports, budgetary control reports and reporting on constraints faced in achieving targets and catch-up plans to meet targets
- Attending Director’s Monthly Review Meetings and presenting the statistical analysis of overall performance of Power Plants through effective PPT’s
- Coordinating with Corporate Accounts and Auditors for finalization of quarterly and year end accounts
- Responsible for compliance of IND-AS (Converged with IFRS) and Company’s Accounting Policies at Plant level
- Reviewing financial accounts on regular basis and administer reconciliation with contract BBU’s, vendor and customer balance confirmations, Bank reconciliations, EMD and ASD reconciliations
- Fund Forecast and coordination with banks for finance arrangements
- Conducted Reverse Bidding for Competitive Interest Rates for bills discounting
- Compliance to Tax laws, Return Filings and Correspondence with Regulatory Authorities
- Monitoring procurement proposals, tender evaluations, price and commercial terms negotiation with vendors with the view to reduce costs goods/services.
Audit Manager
M.Anandam & Co
Hyderabad
07.2016 - 10.2016
- Performed Statutory Audit, Tax Audit and Internal Audits
- Prepared Financial Statements as per IGAAP
- Created projected financial statements for Bank Financing
- Expertise in drafting minutes of the Board & shareholder’s meetings
- Adhered to monthly/ quarterly/ yearly compliance relating to Income Tax and GST Returns
- Successfully adopted bills discounting with cheaper interest rates for reducing long haul power Debtors worth 4000 Crores
- Recognized as Key Employee and awarded Star of the month twice for suggesting cost mitigation measures and process improvements
- Expertise in preparing Power tariff petitions as per CERC regulations Personal
- Conducted strategic and technical reviews to verify compliance with quality control standards, schedule constraints and budget parameters.
Education
Excel PowerPoint Word SAP Software -
Post - undefined
Hindi Tamil Soft Skills SAP-FICO module Advanced Excel & Financial Modelling - undefined
course on Information Systems Audit - undefined
GPA: 61
CA -
GPA: 53%, AIR 4 in CPT & AIR 21 CA-IPCC
B. Com - undefined
2015
GPA: 73
12th - undefined
2011
GPA: 98
10th - undefined
2009
GPA: 93%, English
Telugu
Skills
- Financial & Strategic Planning
- Financial Modeling
- Cash Management
- Preparation of MIS Reports
- Budgeting/ Forecasting/ Cost Control
- Refinancing Options
- Profit and Loss Accountability
- Plan Budgets
Timeline
Manager/Finance - NLC INDIA LIMITED, NAVARATNA CPSE of Govt of
01.2022 - Current
Deputy Manager - NLC India Limited
11.2016 - 01.2022
Audit Manager - M.Anandam & Co
07.2016 - 10.2016
- Excel PowerPoint Word
SAP
Software,
- Post,
- Hindi
Tamil
Soft Skills
SAP-FICO module
Advanced Excel & Financial Modelling,
ISA-ICAI - course on Information Systems Audit,
Institute of Chartered Accountants of India (ICAI) - CA,
IGNOU University - B. Com,
Sri Siddhartha Junior College - 12th,
Gnanodaya High School - 10th,
Similar Profiles
Nithesh KaliappanNithesh Kaliappan
Intern at NLC India LimitedIntern at NLC India Limited
Sayantan SarkarSayantan Sarkar
Assistant Construction Manager at Bridge & Roof Company (India) Limited (A Govt. of India Enterprise)Assistant Construction Manager at Bridge & Roof Company (India) Limited (A Govt. of India Enterprise)
Durgesh KumarDurgesh Kumar
Senior Manager -Production and Operation at Brahmaputra Cracker and Polymer Limited (A Govt of India Enterprises)Senior Manager -Production and Operation at Brahmaputra Cracker and Polymer Limited (A Govt of India Enterprises)