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Balakrishna Gurrapu

Candidate ID: 753537

Career Summary

Management Post Graduates with 10 years experience in Accounts / Tax / CS / Audit / Finance functional area

Skill Set

Monthly Closure of Books, Finalization of Accounts,Banking Operations,Finance

Professional Information

Total Experience : 10

Nationality : India

Qualification Level : Management Post Graduates

Job Function : Accounts / Tax / CS / Audit / Finance

Work Location Preference : Kuwait, Bahrain, Oman, Saudi Arabia, Qatar, UAE

Detailed Profile

MIS Reporting-
Monitoring Daily Bank Balance reports
Preparation of Annual & Monthly Budget.
Preparing & Submitting Quarterly UFCE (Unhedged Foreign Currency Report) & FFR(Financial Follow-up Report)
Preparing & Submitting Monthly Bank Utilisation Statement.
Preparing & Submitting Monthly Cash Flow (Actual VS Budget) and Fund Flow
Preparing & Submitting Annual CMA (Credit Monitoring Arrangements) reports
Preparing & Submitting Monthly verification report on Bank Interest
Monitoring Monthly Bank Reconciliation Statement (22 Banks).
Preparing & Submitting Stock Statement, Debtors and Creditors.
Monthly Report Debtors and Creditors.
Report on Hedging and Due Statement.
Report on Pending Bill of Exchange for Imports and G/R’s for Exports.
Annual Performance Report (Wholly Owned Subsidiary)
RBI - Report on Unhedged Foreign Currency
RBI – Annual Report on Foreign Liabilities and Assets (AR-FLA)

/>Finance

Submission of Financials data to various banks for New Limits
Co-ordination with credit rating agencies, Bankers, Auditors for any requirements.
Drafting bank correspondence replies and sending it to the bank on time
Follow ups with banks for funds
Processing Import Payments with 15CA/CB.
Supervising and Processing Import and Export Documentation.
Co-ordination with Bankers for Buyers Credit and Forex Transactions.
Co-Ordinating with Banker of Opening of L/c’s and Negotiation of Documents.
Booking foreign currency with treasurer.
RBI – Seeking RBI approval for Advance Receipts (FIRC)
RBI – GR Write off.
Post Sanction activities – (Disbursement)
Managing stock audit,

Accounts:
Monthly Closure of Books,
Finalisation of Accounts
Co-ordination with Auditors (Internal and Staturoty)
Supervising compilation of Scrutiny Cases and attending the Department,
Monitoring VAT/Returns/Forms on regular basis and Payments
Monitoring TDS/Returns and Form-16 and 16A to be issued and Collected & Payments
Generating MIS Reports

Achievement:
Excess collateral security(Property) released from Bank.
All irregularities – Submission of Stock and FFR and managed due dates
Excess Interest debited by Bank got reversed and process introduced checking monthly.
Two Bank Stock Audit closed on positive note.
Sanctioned Credit Limits from HDFC / ABFL
Made all online Banking