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Akkineni Sudhir

CA. SUDHIR AKKINENI

H.No.8/200, T.B.Road, Kuppam, Chittor Dist, Andhra Pradesh 517 425.E-mail: akkinenisudhir_79@yahoo.co.in Mobile: +91 88978 26289Profile Summary A Chartered Accountant with around 14 years of Post Qualification Experience Exposure in the fields of

Accounting, Finance, Costing, MIS, Budgeting, Importation, Reporting and FP &A Treasury Management and Working Capital Management Hands on experience in R2R,P2P,O2C Processes Working Knowledge of IFRS, US GAAP Provisions & SOX ComplianceQualifications

Professional

Chartered Accountant (ACA) from the Institute of Chartered Accountants of India, Qualified in Nov 2002 MBA (Finance) from University of Madras in 2008

Bachelor of Commerce (B.Com.) from the Andhra University in 1998

Technical

Proficient in SAP & Tally Well versed with MS-Office (MS-Excel and MS-Word) & PowerPoint Presentations

Work Experience

SAPA EXTRUSION INDIA PVT LTD, Kuppam, India Apr 2015 to PresentWorking as a Sr. Manager - Finance & Accounts in Sapa Extrusion India Pvt. Ltd, Kuppam, India, a Multi National Company having the Head Office in Norway and having their presence across 15 countries in Globe, which is engaged in extrusion of aluminium profiles of different types.Apart from the extrusion unit, I am also taking care of Precision Tubing unit in same location (Kuppam), which is involved in manufacturing of aluminium Precision Tubes (MPE & round tubes) for various sectors across the globe.Job Responsibilities includesOperational Finance Related Aspects: Review the process of closing of books including Reviewing of Inter Company transactions & Monthly Reconciliation of Inter Company Accounts and completion of Monthly Reporting to Global resulting in better R2R and P2P processes. Implemented various procedures to make sure that all the statutory Payments are paid in time and all the Statutory Returns are filed in time viz., Excise, Service Tax, TDS, PF, ESI, Professional Tax, VAT / CST, Customs activities including DGFT matters. Make sure Budgets are completed within time (both Revenue and Capex Budget) and comparing the actual results with budgeted and analyzing the variance to take proper measures

Preparation of various MIS reports which includes Revenue Analysis, Expense Analysis, variance analysis of actual amounts with budgeted and Cash Forecast with actual cash flow and other reports as required by management. Taking care of Taxation issues which includes Direct, Indirect Taxation & Transfer Pricing including attending assessments with the support of consultants.

Overseeing the Treasury operations which includes managing the CC limits / Term Loans / Buyers Credit etc. and also involved in currency hedging and dealing with forex transactions. Reviewing and finalizing the costing of the products and help the management on finalizing the new orders and revising the existing orders on timely basis

Monitoring and effective AR and Inventory Management resulting in effective O2C process Monitoring the Secretarial aspects of the company which involves Conducting Board Meetings, maintaining minutes, filing various documents with ROC etc.

Strategical Related Aspects: Part of Management Team, involved in Strategic policies and Long Term planning and helps the management in terms of financial feasibility of the new projects, new product lines etc.

Involved in determining financial objectives, designing and implementing the systems to improve the processes, internal controls etc. Documented various SOPs in Finance Department and standardize the process within Finance Department and also between cross functions within the organization for smooth conduct of business.

Risk Related Aspects:

Reviewing the various contracts entered by the company in terms of financial feasibility and risk assessment

Responsible for Currency hedging for all import payments in order to mitigate the Exchange Fluctuation Risk Reviewing all insurance policies and make sure renewal process happens on timeNAGA SAI PLASTICS, Hyderabad, India - Apr 2009 to Apr 2015Worked as Finance Controller in Naga Sai Plastics, Hyderabad, India, an entity, engaged in manufacturing of Plastic products of various categories.Job Responsibilities includes

Was part of Management Team, helping the management in taking right decisions in terms of financial feasibility for expansion related activities

Reviewing the day to day accounting, Invoicing process & Cash Application Process Age wise Analysis of Receivables & Follow Up for Collections

Reviewing the month end process which includes reviewing the provisions, amortization of prepaid expenditure, Capitalization of assets, Depreciation calculation etc.,

Preparation of Financials as per Indian GAAP

Reviewing the costing of the product and help the management in fixing the price of final product

Liaising with bankers, statutory & internal auditors in day to day operations Working in close relation with cross functional departments viz., Operations, HR, Technical Support, Facilities, Business Development etc.; taking feedback of all the stakeholders of budgeting process

Preparing & consolidating a detailed budget incorporating the plan of action for operating, financial & functional activities

Conducting variance analysis to determine difference between budgeted & actual results and implementing corrective actions for the same

Responsible for presenting the various MIS reports to the Management on a monthly & Quarterly basis

Make sure that all the statutory Payments are paid in time and all the Statutory Returns are filed in time viz., Service Tax, TDS, PF, ESI, Professional Tax, VAT / CST, Advance Tax, STPI & Secretarial matters.

Taking care of Taxation issues for the company including attending Assessments with the help of consultants.SRI VENKATA SAI PACKAGING INDUSTRIES, Hyderabad, India - Jan 2003 to Mar 2009Worked as Manager Accounts & Finance in Sri Venkata Sai Packaging Industries, Hyderabad, India, an entity, engaged in manufacturing of Card Boards.Job Responsibilities includes

Overall Maintenance of Accounts & Finance Dpt. in day to day operations of finance & accounts of 2 divisions with the assistance of other team members

Monthly Preparation of Profit & Loss A/C & Cash Flows for the company and comparing with Last Month and analyzing Reasons for variance.

Preparation of Budgets for the year & Comparing with Actuals every month and analyzing Reasons for Variance

Age wise Analysis of Receivables & Follow Up for Collections

Preparation of Various MIS Reports

Involved in Setting up of Factory transactions in a structured Flow

Taking care of Statutory Compliances like Service Tax, TDS, PF, ESI, Professional Tax, Excise, Sales Tax, Advance Tax & FBT

Liasoning with Banks for LC, B.G, Working Capital & Term Loan RequirementsARTICLES TRAINING RAMAMOORTHY & COMPANY, Hyderabad, India - Aug 1998 to Aug 2001

Was responsible for timely completion of work assigned by the Partner for various internal, concurrent, statutory and tax audits.Personal Details

Date of Birth

: 12th May 1977

Nationality

: Indian

Marital Status

: Married

Languages Known

: English, Hindi and Telugu Strengths

: Hardworking and Punctuality