Tally
Vasanth Kumar T
Deputy General Manager -Business Finance & Commercial
Bengaluru,KA
Summary
17+ Year experience of retail background, eager to contribute to team success through hard work, attention to detail and excellent organizational skills. Clear understanding of Business finance and commercial operations, giving greater attention to process Improvements with proven expertise in driving business to augment profitability with key focus on enhancing financial control; looking for leadership position, which will enable the organization to achieve sustainable and long-term gains with impeccable track record of delivering consistent business results through adept leadership and application of sound management practice.
Overview
5
5
Languages
1
1
Certification
10
10
years of post-secondary education
17
17
years of professional experience
Work History
DGM-Business Finance & Commercial
Lifestyle international Private Limited ( Max retail Division)
Hyderabad , Telangana
12.2011 - Current
- Monitoring regional Commercial Operations & providing realtime support to Operations, Hr, Marketing & Project team to achieve regional targets,
- Developed forecasting tools and dashboards to analyze revenue variance, Business pipeline and industry trends,
- Led Monthly Business Review with regional Territory head and other functions HODs to analyze spending and provide financial recommendations
- Ensure 100% Statutory Compliances of Store ,RD & RO and Operational Support like NPS, Provide Speed Billing services and monitoring Cross selling
- Set up Cost optimization plans and drive for success of such plans
- Presented "What if" Scenarios for budget assumptions and forecasting strategies.
- Create friendly environment for Landlords,Developer and Franchisee's and effectively participation negations
- Identified risks associated with project, contracts approvals and other client accounting issues and review and analyze project spending throughout project life cycle
- Monitor Inventory movements and liquidation and fixed assets movements
- Present annual and semi annual budgets & monitored and analyze financial statistical and operational, competition data trends
- Offered friendly and efficient service to all customers, handled challenging situations with ease.
- Resolved conflicts and negotiated mutually beneficial agreements between parties.
Manager Commercial & Finance
Prateek Apparels Pvt. LTD
Bangalore , Karnataka
07.2008 - 12.2011
- Ensure Daily MIS Reports relating to Stock, Sales and Purchase, Store P&L,Stock Ageing and Moving
- Negotiated contracts and product prices by collaborating with vendors and developers.
- Monitored sales team performance, analyzed sales data and reported information to area managers.
- Ensure 100% collection from Store on daily Basis and reconciliation with HO and Store Bank Account
- Provide Complete Commercial support to Store operation and Warehouse
- Ensure Monthly reconciliation of Consignment and Franchise accounts on monthly basis and facilitate for in time payments
- Conducting Commercial Audit at Stores and Warehouse providing solutions on such deviations
- Ensuring 100% statutory Compliance
- Prepare Budget and Review periodical basis
- Assist to Finance control on Finalization of Accounts
Senior Officer Finance and Accounts
Senior Officer Finance and Accounts
Bangalore , Karnataka
05.2007 - 07.2008
- Ensure Daily MIS Reports on Sales and purchase and Store expenses
- Validates Sales & purchase entries.
- Ensure Periodic Balance confirmation from debtor and creditors and their facilitated for timely payment
- Conduct Store's periodical stock take and Monitor Inventory movements
- Ensure collections from different channels of business
- Presenting monthly reports on Sales ,Stock & operational expenses
- Handling Excise quires and VAT issues and provide support on filing
- Assisting on preparation of Balance sheet & Profit & loss account
- Maintained energy and enthusiasm in fast-paced environment.
Metro Cash & Carry India Pvt Ltd
Junior Invoice Control officer
Bangalore , Karnataka
03.2006 - 05.2007
- Verification of Trade purchase bills.
- Handling 234 Vendor weekly ,forthrightly ,Monthly payments recoveries and balance confirmations
- Present daily MIS reports-Procurements , PO status ,GRN Status and Quires
- Verification of day- to-day Accounts entries with help of SAP
- Co-ordination with Vendor regarding reconciliation and issue on supply
- Ensure Quarterly reconciliation of all vendor
- Provide Monthly VAT Inputs data
Retail Accounts Officer
Trust Chemists & Druggists Pvt LTD
Banagalore , Karnataka
09.2004 - 03.2006
- Ensure Daily reports on Sales & Collections
- Vendor management- Payments, reconciliations & sign off
- Treasury management-Store cash,Card, other mode of tender ,Bank reconciliation and estimation of Cashflow
- Monitor Inventory movements ,stock stakes and Inventory expiry management
- Ensure 100% store statutory compliance
- TDS returns,sales tax filing and returns
- Assist to preparation of periodical Profit & Loss account
Education
(ICWA) One Group Pending - Cost Accounting
India Institute of Cost Accounted of India
Kolkata 04.2016 - Current
Master of Commerce - Costing & Taxations
Bangalore University-Chapter Tumkur
Tumkur 04.2001 - 03.2003
Bachelor of Commerce - Costing & Taxations
Bangalore Universit-Arts & Commerce College
Tumkur 04.1998 - 03.2001
Skills
Finance and accounting operations
Accomplishments
- Supervised team of 7 staff members.
- Used Microsoft Excel to develop Financial KPIs and Financial Dashboard, inventory Dashboard and other if analysis dashboards and spreadsheets.
- Held 3 Self development certificate on “First time Manager”, “Decision Making”& “Emotional
- Got Best Commercial Manager Award in 2012-13 & 2013-14
- Second runner up in 360 degree Survey on Emerging Leadership
- Rectification of C Form issues from 09-10 onward saved on around 2 crocs tax liability
- Bench marking the store for Electricity consumption based on the store profile
- Established item level budgetary control
Software
ERP
SAP
MS Office
Hyperion
Certification
From NCC
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Interests
Reading
Travel
Cricket
Timeline
(ICWA) One Group Pending - Cost Accounting
India Institute of Cost Accounted of India
04.2016 - Current
DGM-Business Finance & Commercial
Lifestyle international Private Limited ( Max retail Division)
12.2011 - Current
Manager Commercial & Finance
Prateek Apparels Pvt. LTD
07.2008 - 12.2011
Senior Officer Finance and Accounts
Senior Officer Finance and Accounts
05.2007 - 07.2008
Metro Cash & Carry India Pvt Ltd
Junior Invoice Control officer
03.2006 - 05.2007
Retail Accounts Officer
Trust Chemists & Druggists Pvt LTD
09.2004 - 03.2006
Master of Commerce - Costing & Taxations
Bangalore University-Chapter Tumkur
04.2001 - 03.2003
Bachelor of Commerce - Costing & Taxations
Bangalore Universit-Arts & Commerce College
04.1998 - 03.2001
From NCC
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