Venkatesh Babu

Financial Planning & Analysis

• Develop and continually improve budgeting, financial projections, and operating forecast
• Evaluating the inputs received from various department for annual budget, classifying the expenses into Fixed, Variable, Semi-Variable & One-Time
• What IF analysis on Profitability - by taking Volume & ASP (Avg selling price) as variables
• Creating projected profitability statement
• Creating quarterly forecast agreed with all stakeholders
• Preparing & finalizing Monthly, Quarterly & Annual Financial Results
• Leading entire gamut of financial analysis, reconciliation to variance analysis to support the higher management/ Board of Directors in taking strategic decisions
• Developed Sales Dashboard using Power BI
• Analyze the trends of Key Performance Indicators (KPIs), especially relating to financial metrics such as sales, volume, gross margin, and net profit
• Dealer Performance analysis
• Segment wise profitability analysis
• Selling & general administrative expense - Budget vs Actual analysis
• EBITA analysis - along with waterfall chart
• Region wise Average Selling price analysis
• Other ad-hoc reports / analyses as per management requirement

Statutory Audit

• Preparation of financial statement as per IND AS
• SPOC for a big 4 statutory audit
• Acting as liaison between auditors and various stakeholders from different departments

Income Tax

• Audit liaison for Tax Audit
• Verification of tax audit schedules and income tax return prepared by consultant
• Preparation and filing of responses to Notices for the various entities under e-assessment scheme
• Ensuring TDS & TCS compliance

Others

Co-ordination with consultants and in-house IT (SAP) team to Implementation of statutory amendments in the system

Develop new automated reports, improve existing reports that help with timely and accurate reporting

Audit

• Drafted statutory audit reports as per CARO (Company Auditor's Report Order) requirements of manufacturing company (Turnover – Rs. 500 – 600 Cr.) and mining company (Turnover – Rs.200-300 Cr).
• Prepared Consolidated Financial Statements of a company and its sister concerns (including foreign subsidiaries) as per Schedule VI of Companies Act.

Taxation

• Prepared and filed income tax returns along with computation of total income of companies, partnership firms, not-for-profit organisations and individuals.
• Prepared and filed quarterly reports of tax deducted at source (TDS) of companies.
• Carried out tax audit under Section 44AB of companies and firms – Entails verification of statutory payments, accuracy of the taxable income declared and expenses claimed, genuineness of related party transactions, etc.

Others

• Periodically, carried out internal audit of a product engineering company –Ensured timely updating of books of accounts, reviewed and strengthened internal controls.
• Independently handled and resolved client queries on taxation and accounting matters.