Subba Naidu Karasala Email & Phone Number

Bangalore, India

Dammam, Saudi Arabia

Key Responsibilities: Assigned responsibility of managing Cash Flow, Vendor & Customer Accounts Reconcilation and resolve all accounting issues. Liaise and coordinating with IT to resolve process issues in AR & AP Module in SBU level and prparing MIS reports. Involved in co-ordinating with projects for renewal or cancellation for expired BG’s if redundant as per contractual obligations and handling Letter of Credits (LC) and Bank Guarantees. Ensuring all primary documents in AP Module and paying all overdue invoices on timely manner.  Ensuring entry of Invoice, Debit Notes, and Credit Notes into SAP on timely manner. Responsible for ensuring preparation of customized weekly vendor outstanding reports & Ageing Reports. Monitoring supplier advances and co-ordinate with project sites for status and timely adjustments against invoices. Authorize all vendor payments for all projects

Vadakkancherry, Palakkad

Prepared all financial statements in compliance with statutory regulations. Develop the budget in co-ordination with other departments, MIS reporting, management of TDS, VAT, Tax Returns and record keeping. Participated in audit coordination, payroll management, create chart of Accounts, Inventory Masters in Tally ERP. Conduct GL verification, analysis and supplier payments in timely manner. Planned and launched startup activities such as opening bank accounts, statutory approvals, licenses, salary accounts, and appointment of tax consultants. Select Highlights: • Obtained all statutory registrations such as VAT, TAN, PAN, IEC Code, Labour License, PF Code, Shops and Establishment Codes and ESIC Registration. • Conducted analysis of daily manpower and machinery deployment, ensuring most effective utilization of available resources. • Ensured accurate and timely completion of monthly stock statements to calculate drawing power from sanctioned loans. • Prepared and analyzed MIS and Monthly P&L, Balances, and Budgets versus Actual and Fund Flows. • Successfully secured all statutory approvals at project site within 3 months of the commencement. • Achieved $1M in saving by initiating action needed to acquire special discount of hired machinery and equipment during monsoon. • Played instrumental role in Accounting software selection, creation of chart of Accounts and inventory masters.

Chennai & Vijayawada

Oversaw daily operations including efficient and effective completion of all financial transactions. MIS reporting packages to JV Head Quarters in Hong Kong and Mumbai. Provide feedback regarding weekly flash reports, bank facilities, Technical Fees and GL analysis to HO. Co-ordinate with stores and other department before finalizing monthly Trial Balance to ensure that Inventory cycle counts are made and the variations are reasonable and all dispatches are billed and goods moved out of stock. Update TDS records ensuring accuracy prior to due dates. Maintained insurance records and file claims under various policies on time. Co-ordinate with Internal / external auditor to finalize audited financial statements, other audit reports and file tax returns on time.Select Highlights: • Prepared and analyzed MIS and Monthly P&L, Balances, and Budgets versus Actual and Fund Flows. • Successfully completed reconciliation between Inter Companies & HO with monthly balance reconciliation.• Served key role in verification of Service Tax Records completion before due dates and within compliance. • Cooperated with insurance agents to provide fast settlement of any claims. • Secured insurance claim for +$1M for inventory damage acquired during floods in factory.

Dhanbad & Kolkata

• Preparation of monthly financials and cash flow statements. • Ensure reconciliation between Inter Companies & H.O• Responsible for the reconciliation of Bank Accounts, PF, ESIC, TDS, Sales Tax , Inventory.• Record keeping and recoupment of Statutory and Utilities deposits.• Preparation of monthly VAT returns, payments and file returns before due dates.• Procurement of Form-C and local sales tax forms for timely issue to the suppliers.• Handling bank and Cash Payments• Co-ordinate for salary / wage disbursements to staff and labour.• Maintain expat staff local remuneration, obtain PAN numbers and file their personal tax returns.• Handled all vehicle records viz. Registration, Road Tax, Fitness, Pollution, Insurance and transfer.• Co-ordinate with insurance agents to provide necessary documentation to lodge vehicle accident claims. • Interact with Tax authorities to file reply for department queries and attend for hearing on behalf of company. Select Highlights: • Successfully handled Cash payments for 4 years with minimal cash shortage and got appreciation.• Played vital role to disclose some frauds in Payrolls, Road tax payments and Bills. • Successfully completed 2years pending sales tax assessments within 6 months with maximum reduction of department claims with valid documentation reasoning, discussion and negotiation.• Successfully completed 3years TDS assessment with minimum penalty and interest

Cpa (Ms Accounting), Accounts, Finance, Taxes, Economics, Information Tech, Second

Bachelor'S Degree, Commerce, Second

Cma, United State Military, 74%

M.Com, Accounting And Finance