Ramabhadran Seetharaman Email & Phone Number

Greater Bengaluru Area

Muscat, Masqaţ, Oman

• Reviewing the Monthly information reports prepared by the chief accountant• Implemented financial controls and enforced the same effectively.• Actively involved in preparation of reports for Due - Diligence audit.• Suggested areas in information system integration which will enable in quick decision making and problem solving.• Prepare Ad hoc reports for senior management.• Interpreting government policy and accordingly applying in hospital’s finance functions.• Negotiating with the bank for credit facilities.• Advising the operations in the areas of pricing.• Communicating and Coordinating with the banks on the matters of liquidity management• Completed Income Tax assessment without additional burden of tax upon the hospital. • Monitoring the performance of nine finance staff members in their regular operational duties• Finalisation of Annual Accounts and its corresponding statutory audit.

Muscat

Preparation and submission of Monthly management information involving Finance position, Income statement ,Cash flow and working capital statements. These details enable management to monitor their performance and also to take mitigative actions in areas of problem.Undertaking annual budgeting in coordination with the operations. This activity is done by combining incremental budgeting and marginal costing. The suggestions of finance are considered before finalizing the budget of the division.Recommend areas of improvement in cost optimization. By analysing the value chain, suggestion are given to either to remove or replace the cost drivers. This enable the management improve the profitability.As adhoc reporting, giving recommendations and observations on Product profitability and Customer profitability. BCG matrix is used as a tool to provide recommendations and observations on product and customers.Interpreting the company policies and enforcing controls has enable the organization to protect their assets. Informing the management of changing risk profile due to changing economic dynamics has enabled them to incorporate controls. Thereby erosion of value has been restricted.Coordinating with statutory auditor during annual audit by preparing and submitting necessary schedules to finalise the accounts of the organization.Supervising the subordinate in his regular activities and imparting knowledge to improve his skill level so as to add more value to the organization.Submitting annual tax returns and providing necessary details toward completion of Tax assessments.Participating in tender bidding opportunities for the organisation by actively involving in job costing of a project by providing suggestion to include or exclude a cost element. This is done with an objective of winning the tender without compromising the profitability.Provided suggestion for SAP consultants in the capacity of functional specialist for designing the output reports.

Muscat

Preparation and submission of Performance reports involving Finance position, Income statement, Cash flow and working capital statements. This enabled the branch manager to decide on further course of action to achieve the company objective.Being a branch a reports has to be sent to Head office as well. They would give their guidance and also support us operationally based on the submitted reports.Regular reporting on product profitability to be provided. The branch manager has to decide based on the product profitability weather to add further product to product portfolio or remove any of the product from the existing product line. The report of number of days of outstanding for each customer to be given. This is necessary to evaluate the effectiveness of credit controls in the organization.Along with the report recommending ways of recovering the outstanding.As I held additional charge of logistics, used innovative ways of reducing the cost of transportation and labour utilisation. This enabled the company to have higher margins in their business transactions.

Bangalore

I was identified for knowledge transfer from our client in United kingdom. After acquiring knowledge ensured successful transition of collection process to India. Clients customer base were in United kingdom and Ireland. I personallly handled collections from few high value customers and supervised team of two people in their collection activity. I need to report my team leader on daily progress and update the payment status in Oracle ERP. This would provide the clients finance team the important details so that they can stratagise their engagement with the customers suitably. They would intervene if they find the collection of invoices are getting delayed inordinately We will had interlock meeting with clients and provide them our collection plan for the month. The collection process would be considered complete after we receive the Telex transfer advice from the customer. The effectivness were measured based on collection targets fixed by the clients.

Muscat

Local purchase accounting : The finance function were structured based as area specilist.I carried out accounting of local purchases after ensuring all the control aspects are fulfilled. Based upon the negotiated credit period payment towards the purchases were released.As some of the supplier were also our customer it was my responsibility to net off the balances and make payment.Also was passing monthly purchase provision entry for those purchase for which supplier bills were awaited. During annual audit from purchase accounting area we provided ageging of unclimed supplier bills. A detailed schedule of advance paid and the corresponding purchase order. Cash and Bank Accounting: Most of the items traded were purchased outside the home country. It involved multicurrency transaction.Under cash and bank operation i was preparing bank instruction letter for payment to supplier and accounting the same under cash and bank module. At the end of every month bank reconciliation statement was prepared. The Assistant finance manager will release the monthly financial provided all the bank reconciliations were completed and appropriate entry gets passed in the very month or in subsequent month.To bid for government contracts bank guarantee documents was prepared. The bank guarantees was procured and was given to operations to submit along with tender documents. Nominal petty cash imprest was maintained and regular settlement was done. The imprest was for only emergency purpose.

Bangalore

Branch Accounting: The business transaction carried across branch were not connected real time with Head office accounting system. As identified branch accountant we need to coordinate with branch front office employees to get the hard copy of sales invoice,petty cash voucher and cash memo. Along with them floppy disc which have stored details of these transaction. The transaction from the floppy are appended to the headoffice accounting module to infer the companies monthly profitability and branch wise report are taken to find branches profitability. Bank reconciliation and cash sales reconciliation were undertaken in order to ensure financial operations are under control. Purchase accounting: Raw material purchase are accounted subject to stores accepting the goods after quality check. Purchases being a primary part of cost of sales were recorded immediate on receiving the goods into the stores. However liability will be booked subject to verification with purchase order and quality check are completed. Any excess material received will remain unaccounted unless regularisation purchase order is not released. If quality check is not completed provison entry of purchase will be passed. The chief accountant will cross verify the last accounting document with that of stores before he proceed for preparation of financial statements.Factory financing activity: Factory worked as profit center. The responsiblity of working capital were left to factory management team which included the finance manager. As most of the sales to the group company and also outside customer were for credit, bills discounting were followed to tide over cash flow problems. We prepare receivable bills of exchange and get their acceptance. Then from financial institutions these bills of exchanges are discounted and cash flow are maintained. Also needed to keep close watch on bank balances as we were issuing Post dated cheque to take the benefit of float.

Bangalore

Basic accounting functions as petty cash handling,purchase accounting and material accounting.

Chartered Global Management Accountant, Managment Accounting

Education record

Bachelor'S Of Commerce, Taxation And Management Accounting, 2Nd Class