Y L Durgaprasad
Chartered Accountant
Bangalore
Summary
Results-driven Chartered Accountant with 4+ years of post qualification experience. Seeking a challenging Finance role to leverage my expertise in analyzing financial data, driving strategic decision-making, and optimizing operational efficiency. Dedicated to adding value through financial analysis, innovative problem-solving, and a collaborative approach to contribute to the organization's as well as my personal growth and success.
Overview
10
10
years of professional experience
27
27
years of post-secondary education
4
4
Languages
Work History
Manager - Finance
Swiggy Limited
Bangalore
04.2024 - Current
- Led the end-to-end valuation of Subsidiaries and associates utilizing DCF, precedent transaction, and comparable company analysis, for the purpose of Financial reporting.
- Directed the annual goodwill and intangible asset impairment testing process for all reporting units as mandated by Ind AS 36.
- Managed the fair valuation of the company's Equity investment portfolio under Ind AS 109, providing critical inputs for financial statement disclosures.
- Oversaw the monthly, quarterly, annual consolidation and Financial reporting process for the group, comprising 3 subsidiaries and 1 associate.
- Ensured the accurate accounting and elimination of inter-company transactions, loans, and transfer pricing adjustments, across the group.
- Collaborated with the team to support the Internal Financial Controls (IFC) review. Ensured necessary documentation to auditors for timely closure of the IFC audit.
- Handled end to end MIS reporting for the LYNKS business segment.
Assistant Manager - Finance
Swiggy Limited
Bangalore
10.2022 - 03.2024
- Company Overview: Swiggy
- Managed the month-end closing process for Delivery Cost, preparing detailed work papers and conducting Month-over-Month (MOM) variance analysis to ensure data validity and consistency and report on key cost drivers to management.
- Led a cross-functional initiative with the Operations team to streamline reporting process.
- Conducted a comprehensive review of the end-to-end cost cycle, identifying critical process gaps and subsequently developing and implementing Standard Operating Procedures (SOPs) to strengthen internal controls and ensure audit readiness.
- Initiated and led a cost optimization projects for Delivery operations, performing deep-dive financial analysis that identified actionable cost-saving opportunities.
- Successfully managed the end-to-end statutory and internal audits for the Delivery Cost function, providing all necessary documentation and analysis to achieve timely closure with zero material audit adjustments.
- Led automation initiative for cost reporting, identifying and replacing manual processes with automated solutions that reduced reporting man-hours and significantly enhanced data accuracy.
- Played a key role as the Finance Subject Matter Expert (SME) in the implementation of new Delivery Cost ledgers, ensuring seamless integration with the core ERP system
- Contributed to the Purchase Price Allocation (PPA) for the 'Dine Out' business acquisition under Ind AS 103, specifically assisting in the analysis and valuation
- Swiggy
Analyst - Finance
Swiggy Limited
Bangalore
04.2021 - 09.2022
- Company Overview: Swiggy
- Handled Monthly MIS closure of Core and ancillary Delivery Cost for Investor reporting.
- Owned the end-to-end accounting for all Delivery Cost transactions within the Oracle ERP environment, ensuring accuracy, integrity, and timely reporting in line with corporate accounting policies and Ind AS.
- Played a pivotal role in the successful rollout of the Oracle ERP system by identifying and resolving complex system and accounting challenges during the testing phase, ensuring a timely and accurate go-live for the GL module.
- Steered the Delivery Cost function through all internal and statutory audits, fostering a collaborative relationship with audit teams to resolve queries efficiently and secure timely closure without any delays or escalations.
- Resolved complex accounting issues and process ambiguities by performing in-depth analysis and subsequently authoring formal accounting memos and Standard Operating Procedures (SOPs) to ensure consistent application and audit readiness
- Swiggy
Intern
Reddy and venkkatesh
08.2015 - 02.2019
- Experience in statutory audits of Various Pvt Ltd Companies.
- Understanding processes, Identifying risks, process deficiencies, testing the operating effectiveness of controls.
- Skills in preparing, examining and analyzing accounting records, financial statements.
- Tax Audits of various Pvt Ltd companies and hands on filing of various tax forms.
- Filing of various MCA forms and ROC compliances.
Education
Chartered Accountant -
The Institute of Chartered Accountant of India (ICAI)
06.2014 - 11.2020
Certified Management Accountant -
The Institute of Cost Accountants of India (ICAI)
New Delhi 06.2020 - 02.2022
Bachelors of Commerce -
Indira Gandhi National Open University
Bangalore 04.2001 - 06.2020
Skills
- Decision making
- Analytical thinking
- Problem solving
- A Keen interest in numbers
- Adaptability
Accomplishments
- Received Made A Difference Award for AMJ-23 quarter
- Received rating of 4/5 in the past 3 performance appraisals
Interests
Listening Music
Reading Books
Travelling
Playing Sports
Timeline
Manager - Finance
Swiggy Limited
04.2024 - Current
Assistant Manager - Finance
Swiggy Limited
10.2022 - 03.2024
Analyst - Finance
Swiggy Limited
04.2021 - 09.2022
Certified Management Accountant -
The Institute of Cost Accountants of India (ICAI)
06.2020 - 02.2022
Intern
Reddy and venkkatesh
08.2015 - 02.2019
Chartered Accountant -
The Institute of Chartered Accountant of India (ICAI)
06.2014 - 11.2020
Bachelors of Commerce -
Indira Gandhi National Open University
04.2001 - 06.2020
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