Srikanth Abburi
Group Controller
Dar es Salaam
Summary
Chartered Accountant with 10+ years of post-qualification experience in Strategic Business Developments, Financial Planning, Reporting and Analysis, Accounting, and Business Finance and Partnering. BROAD BASED STRENGTH AND EXPERTISE Budgeting & Forecasting Financial Accounting & Reporting Business Partnering Strong understanding of business processes & IT systems Proficiency in MS office 365; Oracle Finance tools Strong analytical, communication & interpersonal skill Hyderabad
Overview
14
14
years of professional experience
Work History
Group Controller
AFICD, LAKE TRANS LTD, LAKE AGRO INDUSTRIES LTD
05.2019 - Current
- FINANCIAL ACCOUNTING & REPORTING
- Over all in charge of Operations; Business Development, Controlling, Profibility of the Units, Accounting, Finance function of the company and reporting directly to CEO
- Active participation in Company’s geographical expansion strategy formulations
- Successfully executed Loans for Machinery Finances for Lake Agro, Trucks and Trailer Finances for Lake Trans Across geographies, there by increased the Market share of the divisions
- Contributing to decisions regarding Financial strategies
- Timely deliverables of interactive Management reports for decision making
- Ensuring statutory compliances
- Company’s fund planning to ensure smooth run of operations
- Dealing with Debtors and Suppliers on timely basis and coordination
Financial Consultant
Wells Fargo EGS
05.2016 - 05.2019
- Business Partnering
- Business partnering support to Technology function which is 9,000 FTE strong and to CACHE, a model developed in house to alternate hiring TMs from external vendors
- Presentation of periodic financial performance reports along with variance analysis on Cost & Head Count, identifying key trends analysis, span of control analysis, Avg
- FTE cost analysis, over/under recovery analysis, trueing up the balances with businesses to arrive at the correct cost for each line of businesses, P&Ls for each lines of business etc.,
- Worked hand on hand with business leaders in preparation of annual budgets, forecasts, annual operating plans and tracked assigned budgets against actuals
- Preparation of Cost Benefit Analysis for the new transitions to EGS by working along with the EGS managers, State side managers and VMO teams
- Financial Accounting & Reporting
- Preparation of Cost Center report by classifying huge volume of transactions by nature of expenses, thereby providing comparison of actual Infrastructure expenses with budgets
- Provide monthly and ad-hoc financial reporting to EGS leadership and senior management, thus providing analytical perspective to important strategic decisions
- Perform analytical review of all the transactions posted to the assigned groups and ensure accuracy
- Posting of monthly fixed charge entries to LOBs, billing of LOBs supporting to other LOBs and arriving at the benefit achieved by the company with the internal processes, allocation and reclassification entries
- Others
- Formulation of annual Standard band rates and per seat charges for billing Lines of businesses
- Evaluated information gathered from multiple sources, reconcile conflicts, decompose high-level information into details, and abstract the low-level information to a general understanding
- Developed pricing & cost allocation methodologies for new offerings in consultation with stakeholders
- Update the monthly rolling forecast in Oracle tool and provide associated variance analysis to global finance team for consolidation
- Significant Achievements
- Awarded Wells Fargo Champion for Performance Excellence from the stake holders
- Received numerous Shared Success awards from within the team and from stake holders
Sr. Executive Accounts
Jyoti Structures Ltd, s. Mallikharjuna Rao & Co
10.2013 - 11.2015
- Financial Accounting, Reporting & Partnering
- End to end Accounting of all project transactions and provisions and Monthly closure so as to enable the HO to consolidate
- Provide guidance on month close activities, Overhead determination, fixed asset accounting, accruals, Capitalization, basis of cost allocations etc
- Monthly Withholding taxes and Employment taxes computation and payments, filing Monthly VAT returns and half yearly returns for direct taxes paid, Advance taxes payments and returns, Exemption certificates from tax departments for output tax exemptions
- Framing and implementing Internal Controls along with Project Manager in the areas where there are scopes of fraudulent activities with regards to Project materials
- Preparing Annual Operating Plans (AOPs), along with project manager which includes all financial and nonfinancial activities and reviewing the same on regular basis, Preparing Monthly Budgets and variance analysis, preparation of monthly MIS Reporting, involving in preparing of Project Budgets and other reports
- Preparation of monthly presentations which includes financial results, revenue & EBITDA waterfall analysis, capital expenditure analysis, cost center wise profitability analysis, headcount analysis, Accounts payable and receivable outstanding 2 statements and Aging analysis etc
- Preparation and distribution of business unit wise P&L along with the revenue, run rate, head count and variance analysis to senior management and respective business unit leaders
- Summarize the customer contracts and ensure customer invoicing as per the contracts/SOWs
- Significant Achievements
- Widely appreciated from different Management teams for streamlining the business processes and preparation of annual and Monthly budgets for new business establishment in the country
- M/s
- Umamaheswara Rao &Co
- And M/
MAJOR CLIENTS HANDLED
Asian Institute of Gastroenterology Pvt. Ltd, Shoppers Stop Limited
05.2013 - 04.2013
- Reserve Bank of India (Concurrent), Canara Bank (Concurrent), Union Bank of India (Statutory Audit)
Idupulapadu Cotton Mills Pvt. Ltd, Reddy’s Laboratories Ltd
03.2010 - 04.2013
- Statutory and Internal Audits, Concurrent Audits, Stock Audits, Tax Audits
- Certifications works.
M/s. Umamaheswara Rao &Co, Accountants, s. Mallikharjuna Rao & Co
03.2010 - 05.2012
Education
Qualified as Chartered Accountant from -
ICAI
Bachelor - Commerce
IGNOU
Skills
- Internal Controls
- Training Programs
- Capital Expenditures
- Reporting Procedures
- Business Operations
- Group Management
- Strategic Risk Management
- Corporate Partnerships
- Business Administration
- Strategic Decision-Making
- Business Automations and Process Stabilization
Accomplishments
- Collaborated with team and Successfully operating Railway Models and Bulk Terminal handling Operations across locations
- Received Appreciations and Recognitions from Management for rapid expansion of Business operations
Additional Information
- DATE : , March 20, 2019.
Timeline
Group Controller
AFICD, LAKE TRANS LTD, LAKE AGRO INDUSTRIES LTD
05.2019 - Current
Financial Consultant
Wells Fargo EGS
05.2016 - 05.2019
Sr. Executive Accounts
Jyoti Structures Ltd, s. Mallikharjuna Rao & Co
10.2013 - 11.2015
MAJOR CLIENTS HANDLED
Asian Institute of Gastroenterology Pvt. Ltd, Shoppers Stop Limited
05.2013 - 04.2013
M/s. Umamaheswara Rao &Co, Accountants, s. Mallikharjuna Rao & Co
03.2010 - 05.2012
Idupulapadu Cotton Mills Pvt. Ltd, Reddy’s Laboratories Ltd
03.2010 - 04.2013
Qualified as Chartered Accountant from -
ICAI
Bachelor - Commerce
IGNOU
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