V V P Raju Mummidi
Accounts & Finance
Visakhapatnam
Summary
Strategic Commercial Manager possessing solid knowledge of performance reporting and financial and budgeting processes. Bringing 16 + years background developing and implementing commercial strategies, conducting market research and analysis and coordinating with diverse teams. Confident communicator comfortable managing high volume of work.
Overview
2025
2025
years of professional experience
4
4
Languages
Work History
Sr.Manager Finance
Tonique Liquor Baron Limited
07.2024 - 09.2024
- Established strong relationships with clients and stakeholders, ensuring long-term partnerships and repeat business.
- Implemented and developed operational standards, policies and procedures.
- Held monthly meetings to create business plans and workshops to drive successful business.
- Provided strong leadership to enhance team productivity and morale.
- Reduced costs, optimized resource allocation, and improved efficiency in managing projects.
- Mentored junior staff members for skill development and career progression within the organization.
GEO Commercial Manager
Reliance Retail Limited
9 2022 - 7 2024
- Business achievement as per AOP: Contribution on directly or indirectly on sales /EBITDA achievement against AOP
- Drive Structural meeting with internal & external stakeholders with clear objective/agenda
- MOP including debit/credit line item beyond 3 working days Nil 100% EFT utilization NSO activity are in place before store opening Sales recorded in same month & reconcile with collection
- Defective invoice clearance beyond 5 working days Nil Pending invoice beyond 30 days Nil GST liability clearance beyond 90 days Nil GRIR clearance beyond 15 days Nil SIT > 15 days Nil Damage stock > 30 days Nil Timely closure De hire process Vendor Sign off /NDC closure of all LL
- Deep Drive store cost analysis & opportunity for improvement Closure of BOC exception All assets are safe custody
- Process automation & transformation which contribute cost saving ,process improvement & Internal control Review of store SOP/Process with enhancement Explore Cost Saving opportunity Rs 1 cr Identify risk analysis & eliminate to avoid financial loss Periodical store visit & take corrective action
- Identify improve area & take internal training Focus on communication & Presentation skills
- Negotiated Rental Amounts by Collaborating With Property Owners and Developers.
- Streamlined internal processes by identifying areas for improvement and implementing changes to increase efficiency.
- Used key metrics and prepared reports for senior management to monitor performance of commercial activities.
- Strengthened client relationships through regular communication and timely resolution of issues, leading to increased customer satisfaction.
- Improved profit margins through diligent expense monitoring and the implementation of cost-saving initiatives where appropriate.
- Managed and analyzed budgets, P&L and sales reports.
- Strengthened team and organization by recruiting and hiring qualified employees.
Deputy Manager Accounts (Commercial Manager)
Avenue Super Marts Ltd - Dmart
11.2015 - 08.2022
- Managing Day to Day Accounting Activities for the following Multiple Entities i.e
- ASL – Avenue Super Marts Ltd, AFPL- Avenue Food Plaza Ltd, ARTL - Align Retail Ltd, AEL – Avenue E-Commerce Ltd
- Develop and Maintain Accounting Policies , Procedures & SOPs for Internal Controls
- Training to Lower Level Accounts Officers , Mangers as per Requirement and Proper Manpower Planning for Up Coming Locations
- Under the Direction of Management Assist in the Various Aspects of Customer Queries , Work Orders Scrutiny , Spot Audits for Hygiene Store Operations
- Ensuring Timely Collections of 8 to 10 Dmart Outlets Cash, & CC, UPI Realizations on Daily Basis
- Conducting Credit Checks
- Setting Objectives for the Accounts Receivable Team and Ensures Maintaining Records of Charge Slips and Settlements etc
- Ensures Timely Payments of All Vendors ie Merchandise , Expenses , 3P Vendors Invoices and Expenses Vouchers
- Maintains Accurate Records and Control Reports and PNM Data
- Apart from Vendor Payments I am Responsible for All Statutory Payments of Property Tax, Trade, FSSAI, APMC Payments Etc
- As a Deputy Manager Accounts I have to do Necessary Arrangements to New Stores
- Accounts Manpower Planning, EDC Machines arrangements , Bank Account Opening Process , Counters Hygiene Management , Advances for Float Cash , MID , TID Mappings etc
- As per Organization Requirement Recently I have Taken Additional Responsibilities of Dmart Online Business ie Dmart Ready of Entire AP
- I have to Ensure All the Collections Must be Tallied with Sales Ensures Day Wise Cash Collection, CC & UPI Recon and Customer Refunds of All AP Online Locations
Asst.Manager Accounts (Corporate - Retail Finance Division)
Coromandel International Limited – Murugappa Group
09.2008 - 10.2015
- Company Overview: Coromandel International Limited, India's second largest Phosphatic fertilizer player, is in the business segments of Fertilizers, Specialty Nutrients,
- It was ranked among the top 20 best companies to work for by Business Today and was also voted as one of the ten greenest companies in India by TERI, reflecting its commitment to the environment and society
- I commenced my career on 1st September 2008 as an RSA (Retail Store Accountant) which is the most junior tier in the Coromandel hierarchy
- During my tenure at Coromandel, I have carried out different assignments individually 1) RAC (Retail Area Controller) , RAC Coordinator & as a Corporate Coordinator of Cash & Bank team (Accounts Receivable ) covering preparation of Reconciliation statements and management information Reports with the utilization of ERP's like NAVISION & SAP
- Monitoring the Retail stores of (900+) Bank deposits & Sales Uploads on daily basis
- Coordination with banks & remitting payments through Internet Banking channels like RTGS, NEFT, etc
- Daily fund position CC limit utilization/ current account funds availability status for all banks
- Uploading of Bank statements to SAP on daily basis
- Preparing MIS reports on daily basis & intimating deviations (if any) to higher authorities for taking necessary actions
- Reviewing & highlighting the key areas like Stores having huge cash closing balances & Stores not made bank deposits on Daily basis
- Facilitating to transfer of funds from Retail store accounts to pooling accounts on weekly basis for offline and other online bank accounts
- Preparation of Sales Reconciliation & Stocks Reconciliation, Debtors, Creditors, Credit Sales Reconciliation
- Opening of Bank accounts for new stores and Arranging Auto Sweep, Internet View Facilities to all Bank Accounts
- Implementing accounting / financial systems with a view to ensure smooth accounting operations and facilitate internal financial control
- Monitoring the retail centers by implementing various checks and controls for smooth operations
- RACs (Retail Area Controllers) Monitoring & Providing Tour Plans & Schedules
- Ensuring Physical Verification of Cash, Stocks, Licenses, Assets Monthly Twice in All Retail Outlets
- Preparing Monthly Profitability Reports and Analysis of Budget Vs Actual
- Reviewing Statutory issues on Weekly Basis (Licenses Renewals ,Agreements Renewals etc)
- Interaction with Internal & External (Statutory) Auditors to resolve the issues
- Coromandel International Limited, India's second largest Phosphatic fertilizer player, is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection and Retail
Education
M Com -
AR Arts College
B.Com - undefined
VKV Degree College
Intermediate - undefined
Govt. Junior College
Skills
Financial Reporting
Personal Information
- Father's Name: Pallam Raju (Late)
- Date of Birth: 04/10/84
- Nationality: Indian
- Marital Status: Married
- Male
Disclaimer
I hereby declare that all the information provided above is true to the best of my knowledge.
Timeline
Sr.Manager Finance
Tonique Liquor Baron Limited
07.2024 - 09.2024
Deputy Manager Accounts (Commercial Manager)
Avenue Super Marts Ltd - Dmart
11.2015 - 08.2022
Asst.Manager Accounts (Corporate - Retail Finance Division)
Coromandel International Limited – Murugappa Group
09.2008 - 10.2015
B.Com - undefined
VKV Degree College
Intermediate - undefined
Govt. Junior College
GEO Commercial Manager
Reliance Retail Limited
9 2022 - 7 2024
M Com -
AR Arts College
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