Jagadeesh

JAGADEESH SHETTY Bengaluru, KA 560092 | - |- Professional Summary A competent finance professional offering 15 years of rich experience in Operations Management of Finance & Accounts: Procure to Pay, Intercompany Reco, AP, Month close activities, Accounts Payables, Client Relationship Management, Process Improvements, Quality, Compliance & Team Management Expertise lies in Financial & Accounting operations entailing mapping the business processes and studying requirements, designing & implementing solutions in line with the guidelines specified as per SLA. Skills • Accounting Operations • Inventory Control & management • General Ledger Accounting • MIS Reporting & Documentation • Accounts Payables • Indirect Taxation & Liasoning • Process Improvement • Team Management • Cash Flow Management Work History Finance Manager 06/2018 to 01/2019 CHIPS OF STONE – BANGALORE, KARNATAKA Roles include: • Joined as lead for Finance and Accounting process consisting 4 small scale partnership companies. • Being newly established business, took charge of structuring the operations. Designed and proposed alternative business strategies. Defined standard practices for profit leveraging, margin workings and Talent management. • Drafted policies to dismantle unorganised and develop organised work culture. • Supervised all day to day accounting and financial activities. Implemented basic internal controls and implemented financial practices. • Regularised monthly TDS, GST reconciliation and remittance. • Got the book audited and IT annual filing done. • Handling GST remittance and online submissions. Team Manager 11/2016 to 06/2017 Capgemini Technology Services India Ltd (Financial Services BPO at Brigade Metropolis, Bangalore) Roles include: • Being part of Supply chain Finance, lead the Product Cost forecasting process for clientHindustan Unilever Ltd. • SU Costing run in FUSION (SAP). Quarterly Standard cost release for products portfolio. • Review and approve Volume uploads, Mixed Costing and cost centre allocation reports. • Conducting monthly Governance meeting with client. • Accurate resource planning to meet agreed delivery timelines as per SLA. Figuring out possible reduction in operating cost of the process. • Managing a team of 7 finance professionals including team lead and Process Leads. • Team KPI review and performance progress analysis and grooming backup resource with effective feedback sessions. • Effective planning towards fast paced work schedule to deliver closing reports On Time in Full (OTIF). • Planning & Lead new process transition from client. Financial Accountant 09/2010 to 11/2016 Wrigley India Private Limited – Bangalore, KARNATAKA Roles include: • Finance lead for Bangalore facility being Co- Pilot to supply chain driven reporting. • Steering complete procure to payment (P2P) cycle of vendor disbursement process (checking, approval, payment) as well as cash management operations. • Parallel coordination with RCMs to plan revenue earnings and effective Cash flow on weekly basis. • Managed better utilisation and reporting of ECB funds for CAPEX pay out. • Import & Exports - Verification & clearing Custom duty, CHA bills. • Ensured timely remittances to foreign vendors supervising proper documentation of Form A1 / A2 in comply with statutory norms. • Managing intercompany cross charges & periodic cost nettings; reconciliation & balance confirmations. • Participating in contract negotiation and fixing credit terms. Focused to reduce or avoid down payments. • Analysing ageing report and ensuring all vendor payments are made within due dates. • Generating monthly, quarterly closing of books as per strict timelines; performing annual books closing in compliance with US and Indian GAAP standards. • Performing inventory reconciliation and periodic physical stock verification of RM-PM, WIP and FG at plant warehouse. • Working with Statutory Audit & Internal Audit Teams, ensuring minimization & satisfactory resolution of audit observations and implementing necessary controls to avoid any repeats. • Delivering training on best practices & cost reduction initiatives including: • Organizing knowledge sharing sessions for non-finance teams towards process simplification initiative. Senior Executive-Plant Finance 02/2007 to 09/2010 Saint Gobain Gyproc India Ltd – Harohalli, BANGALORE Roles include: • Administered pre-operational project accounting and commercial activities at new plant site • Monitor and control of Capital Work in Progress; matched PO & equipment specification and followed up for project engineer certification before settlement of payments • Provided commercial support including collecting competitive quotes against purchase requisitions from engineers, Preparation and issue of Purchase Orders and Arrangement of logistical support of machinery movement from vendor location to project site • Managed bills payable including timely clearance of domestic vendor payments & import settlements. Tracked and cleared open advances; booked transport bills and employee claims • Performed statutory & vendor reconciliations including VAT input, Excise CENVAT input register. Maintaining RG23A / RG23C registers; periodically reviewed vendor balances and maintained best hygiene • Month end closing Activities: Working out overhead cost provisions. CWIP (Capital Work in Progress) reporting to HO and Preparation of project cash flow statements Process Associate 02/2004 to 01/2007 Unilever India Shared Services Ltd (Subsidiary of Hindustan Lever Ltd) – Bangalore, KA Roles include: • Consolidation of accounts as per profit and cost centre reporting • Executed complete accounts payable functions including reviewing invoices & vendor accounts; tracked payments, lead time for raw & packing materials • Ageing analysis and cleared vendor payables on time using world-class front-end payment modules. Monitored earned revenues on the billing processed for the month to balance cash flow • Generated reconciliation statements for Bank, Vendor, Intercompany & Statutory Payables • Ensured applicable statutory deductions are made remitted to the concerned authority as per the statutory requirements within the set deadline & conditions for given area • Managed all banking transactions including Bills of Exchange, NEFT, Letter of Credit or any other documentation • Generated monthly & quarterly reports like schedule of: Fixed Assets, Operating Expenses, Direct Cost, Sundry Creditors & Debtors, Revenue Analysis Reports, Gross Margin Analysis Report, Aging Analysis Report, Standard vs. Actual Cost Sheets, Technical Efficiency Reports, Gross Capital Employed Reports, Overheads Reports • Compiled data for auditing the books of accounts & ensured timely publication of reports Education Studied PGDCA, Shri Dharmasthala Manjunatheshwara College, Mangalore University B.Com. From Shri Dharmasthala Manjunatheshwara College, Ujire, Mangalore University EMBA (in progress) from Narsee Monjee Institute of Management Studies. Additional Information Date of Birth: 2nd June 1978 Passport No.: N-. Languages Known: Kannada, English, Hindi, and Tulu (Mangalore Local) Address: Flat No. A203, 2ND Floor, Prakruthi Meadows, Amruthahalli, Byatarayanpura- 560092 Accomplishments Unilever India Shared Services: • Successfully migrated a Central Oil Buying Process from Mumbai HO (Central Buying - Oil & Chemicals import) to Shared Services centre at Bangalore. Mars-Wrigley: • Credited for achieving satisfactory and observation free statutory audits consistently for 5 years & developing strong internal control tools & drafting new operation procedures • Recognised for co-pilot support to logistics team in negotiating with transporters for competitive rates & services • Active member of Mars Voluntary program a social empowerment initiative by the company.