Accounts Receivable Financial Reporting

PAKKI HARA BHASKAR RAO

Contact No.: +919*********

Mail:ad7emj@r.postjobfree.com

Highly accomplished, result-driven team leader with more than 25 Years of experience in Accounts, Banking, Import & Export Central Excise, Sales Tax, Internal Audit, Company Law and Income Tax matters.

EDUCATION : 1) B Sc from Andhra University in 1988

2) Cost Accountant (semi qualified) from

ICWAI, CALCUTTA in 1990

3) MBA Banking & Finance from Alagappa

University

KNOWLEDGE OF COMPUTERS: Practical Experience in Windows, Dos,

Microsoft Excel, Microsoft Word,

accounting packages Like Tally, Focus, Profit, Jaguar & SAP.

SKILLS

Financial Auditing

Regulatory Compliance

Tax Planning & Compliance

Strategic Financial Planning

Internal Controls

Budget Preparation & Management

Accounts Receivable

Banking Operations

Import/Export Management

GST Implementation

ERP Systems

SAP Expertise

Financial Reporting

Risk Management

Cost Reduction

Stakeholder Engagement

Team Leadership

Project Management

MAJOR ACHIEVEMENTS

Enhanced Financial Reporting Accuracy: Implemented advanced ERP solutions that streamlined financial reporting processes, significantly improving accuracy and timeliness of financial data for strategic decision-making.

Led GST Implementation: Spearheaded the transition to GST from older tax regimes, overseeing the integration of new compliance measures into existing financial systems, ensuring seamless adaptation across the organization.

Optimized Cash Flow Management: Redesigned accounts receivable and credit control processes, which improved cash flow management and ensured timely collections from clients.

Financial Compliance Leadership: Established rigorous compliance frameworks for Central Excise, Sales Tax, and Income Tax, significantly reducing the risk of non-compliance and minimizing potential financial liabilities from regulatory penalties.

Team Leadership and Development: Mentored and developed a finance team, enhancing their skills in financial management, compliance, and software proficiency, which improved team performance and efficiency.

JOB EXPERIENCE

a)M/s Hindustan Shipyard Ltd, Visakhapatnam

Worked as Industrial Trainee in the Dept. of Internal Audit from Oct-92 to Oct-93 and handled the following areas:

Review of Internal Control with regard to Purchases, Sales Cash & Bank payments and Fixed Assets

Verification of Debtors/Creditors Control Ledgers

Periodical Verification of Inventories and Fixed Assets and analysis of Variances, valuation of Inventories & Fixed Assets

b)Hytronics Enterprises (a Regd. Firm recognized by RDSO dealing in the manufacture of Rly Signal. Relays since 1977)

Hytronics Pvt Ltd.Hyd, (A company recognized by RDSO dealing in manufacture of Battery chargers for Rlys since 1985)

Worked as Accounts Officer for 10 years during Jan-94 and Oct-03 handling the following areas and also gained a vast experience in these areas of Accounting and Finance:

Accounting :

Maintenance of Computerised General Ledger Sales Register

Purchase Register, Stores Ledger Compilation & finalisation of Balance Sheet & Profit & Loss A/c

Preparation of Budgets and Analysis of variances

Banking :

Operating with Cash Credit Accounts

Establishment of LC’S/BG’s, Bill Discounting and Foreign remittances

Preparation of CMA data

Stock statements for drawing power QIS

Import & Export:

Clearing of Imported materials through Customs Agent,

Preparation of necessary data for making Bill of Entries & customs duty payments.

Central Excise :

Maintenance of Statutory records viz RG 1, Form IV Form II, Form V, RG 23 part I&II, PLA & submission of RT12 returns

Claiming of Modvat Credit

Attending for assessments and statutory Audits.

Sales Tax :

Maintenance of Registers as per the rules of APGST/CST

Procurement & issue of C/G forms submission of monthly returns

Professional Tax matters and attending for assessments.

Income Tax :

Preparation & filing of return of Income

Collection of TDS & filling of TDS returns

Attending for Income Tax assessments

Statutory Duties and Compliances :

Maintenance of Pay roll, ESI & EPF registers

Filing of ROC return, preparation of Schedules as per Sehedule VI of the Companies Act 1956, Meetings etc.

c) Hindustan Coca Cola & Beverages Pvt Ltd. (A Company Owned Bottling Operations in India, manufacturing the leading brands of soft drinks under the license of The Coca-Cola Company, Atlanta, USA)

Presently working as Team Leader-Accounts handling the following areas of responsibilities Since Nov 2003 to till date:

Accounts Receivables :

Management of Debtors ledgers, Debtors reconciliations on periodical basis,

Discount management and monitoring Monthly Discount Budget vs Spent,

Managing customer receivables and monitoring credit limits,

Handling Distributors Claim and ensuring that the claims are processed on time. Compiling of Secondary sales i.e from Distributors to retailers in order to have firm control on debtors & collections

Approving dispatches to distributors based on Secondary sales and stocks

Monitoring of Logistics Operations like Secondary distribution and product sourcing

Research and analyze accounts

Determine payment schedules with customers

Contact delinquent customers to secure payment

Investigate and resolve billing and account discrepancies

Accounts Payable :

Identified new cost-effective vendors during acquisitions' process and managed their integration which resulted in cost saving.

Conducted monthly closing process, accruals and journal entries.

Process 2 way and 3 way PO matching invoices utilizing the designated Finance accounting system.

Reconciled vendor statements, researched and corrected discrepancies

Budgetary Control :

Preparation of Sales Budget for various trade schemes, key accounts discounts and marketing expenses at the beginning of the year

Preparation of monthly budgets for discounts based on monthly budgeted volumes

Monitoring of Marketing Expenses Requisitions given by Sales department for schemes on day to day basis

Preparation of MIS for discounts, schemes, & marketing expenses and giving timely information for any deviations from budgets.

Central Excise :

Maintenance of Statutory records in computerized environment and filing of returns in ACES.

Attending personal hearings for Show Cause Notices

Sales Tax :

Maintenance of Registers as per the rules of APGST/CST. Procurement & issue of C/G forms submission of monthly returns, Professional Tax matters and attending for assessments.

Participated actively in GST implementation and henceforth filing of Returns

Personal Details:

Date of Birth : 11th Jan 1968

Address : HIG 31, Nimish Paradise, Flat No 301, Marripalem Vuda Layout, Visakhapatnam, Andhra Pradesh, INDIA

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