Shanmuga Rohith Allagadda
Financial Accountant at Development 8- Claim this Profile
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Bio
Experience
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Development 8
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Ireland
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Real Estate
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1 - 100 Employee
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Financial Accountant
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Aug 2023 - Present
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Daiki Aluminium Industry India Pvt Ltd
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Sri city, Andhra Pradesh, India
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Assistant Manager Finance
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Dec 2020 - Dec 2022
• Improved Monthly closing activities involving finalization of accounts, calculation of inventory in transit based on data provided by other departments, Inventory valuations, stock revaluation based on market value, calculation of unrealized exchange gain or loss. • Regular analysis of accounts payables and accounts receivables with information from purchase and sales teams, ensure timely payment and receipts respectively, and prepare for aging report and cash flow projections. • Addressing quarterly, half-yearly and annual reports of accounts for periodical reviewing to Finance manager, Chief Finance Officer and Managing Director within the stipulated deadlines and providing suggestions based on analysis made. • Implementation and alteration of accounting software (Mcframe) for smooth accounting and modification of accounting software based on requirements of accountants, purchase, and sales teams and provide training to novices. • Enforcing of Inventory management software in coincidence with production teams and maintenance team and ensure smooth transfer of inventory valuation to accounting software periodically. • Deliver enhanced root cause analysis of variances between planned and actuals cost of production and administration overheads, prepare a report of deviation to present to CFO and MD on monthly basis and factoring suggest that improving the cost efficiency. • Managing, monitoring, and developing the finance team involves work delegation, regular evaluation and ensuring task completion. • Overseeing financial statements including trial balance, bank reconciliation reports, profit & loss account, age-wise accounts payables & receivables statements and balance sheets in accordance with IFRS. • Compliance of statutory requirements as per Income tax Act, Companies Act, and other statutory laws based on applicability. • Ensuring timely completion of statutory audit, tax audit, internal audit and others statutory audits being the person of contact. Show less
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Deepsea Technologies India Pvt ltd - Agni Deepwater Technologies Pvt LTd
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Hyderabad, Telangana, India
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Assistant Manager Finance
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Feb 2019 - Nov 2020
• Prepare budgets and track profit/loss performance by business unit and on consolidation basis. • Preparing and presenting financial reports and submission to relevant government entities. • Managing cash balance by forecasting cash payments, payment of invoices and banking money of cheques received • Managing Payroll and Mandatory Provident Fund. • Completing tax filings and dealing with matters relating to Income Tax Department. • Timely Return filing of statutory compliance like GST. • Maintaining a system of policies and procedures that impose an adequate level of control over Finance Department activities. • Maintaining the accounting system – Quick books. Show less
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Anand and Ponnappan
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Chennai, Tamil Nadu, India
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Article Assistant
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Mar 2014 - Mar 2017
Central Statutory Audit - Identifying and assessing the risk of Non-Preforming Assets and Reporting as Banking Regulations Act. Internal Audit as per Companies Act - Planning, execution and reporting of entire audit, liaison with the Client and filing of Internal Audit Report as per required act. Statutory Audit - Verification of statutory compliance as per Income Tax Act. Credit Monitoring Analysis - Preparation of projected financials for prospective years and to facilitate client for mortgage and investment decisions. IT returns computation memo and filing pertaining to individuals, firms, and private limited companies. Computation of Capital Gains and its taxation. Responding to queries raised by Income Tax department. Show less
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Education
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University of Galway
Master's degree, International Accounting and Analytics -
CPA Ireland
Cpa, Accounting and Finance -
The Institute of Chartered Accountants of India
Chartered Accountant, Accounting and Finance -
Acharya Nagarjuna University
B.com, Business/Commerce, General -
ACCA
Chartered Accountant, Accounting and Finance -
Bhashyam High School
High School, 9 -
Mattupalli Junior College
Junior College, Commerce - Accounting and Economics