Srinu Lanka

Experience

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  JMC Projects (India) Ltd

  Jul 2003 - May 2006

  Project Accountant

  Worked as Project Accountant to handle multiple Project site accounts Preparation of Site P&L , RA bills review Sub Contractors and Suppliers bills verification and accounting Responsible for all commercial matters at siteWorked in Oracle based software

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  Space Matrix

  Jun 2006 - Sept 2018

  Head-Business Finance

  •Role of Business Finance Partnering for Workplace BU to work effectively for Growth of workplace business.•Responsible for End to End management of Revenue planning, forecasting, AR & Achievement of billings and collection as per Annual plan Targets.•Responsible for preparation of Annual Plans, Budgeting, forecasting and rolling forecasts and adhoc reports.•Financial Planning and analysis, providing various analytical reports on order book, billings and collections, Dash Boards and providing Financial insights, Budgeting, Forecasting and Month end closing of accounts and MIS reporting.•Responsible for preparing various Financial deck slides for EC / EB meetings with financial insights and comments•Communicating monthly results to City heads and review of City P&L with them••Reviewing of contracts and costing of project, advising on best commercial terms and conditions, Pricing, Margins, tax structures, duty benefits and exemptions by minimizing various risks on company.Revenue recognition of projects as per local GAAP and IFRS and controlling cost of project and tracking of actual profitability of projects.•Accurate and timely MIS reporting of workplace BU, Monthly / Quarterly Financial reporting as per AS.•Responsible for Cash Flow statements, managing fund effectively and related treasury operations.•Responsible for Bank OD/BG/LC limits and respective compliance reporting to bank.•Resolution of Audit queries (both internal and statutory audits) and coordination with auditors for audits.•Foreign trade , Import orders , Customs Duty benefits , SEZ/STPI / EOU Compliance and documentation•Responsible for setting up of new processes and automation of processes, training to team members in accounts payable, accounts receivable and Taxation functions.•Responsible for Automation of Reporting from SAP and ensuring SAP processes are being followed by all teams Show less

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  MeritTrac Services

  Oct 2018 - now

  AGM-Finance

  Role of Financial Controller, responsible for overall Finance function, direct report to CEO and functional reporting to CFO.Key Result Areas:• Responsible for timely book closure, Financials review and presentation, LR and statutory audit.• Preparation of Annual Plans, Budgeting, forecasting and rolling forecasts and adhoc reports.• Team management, team building, motivating team members to excel in their roles.• Cost control, improving profitability, monitoring and review of gross margins, identifying areas of cost savings to achieve desired margins, tight controls on budget allocations for Fixed overheads.• Cash flow management, collaborating with bankers for working capital limits, and to explore innovative ways of funding • Statutory compliance – GST, Income tax, PF , PT, Company Law matters , MSME.• Process automation, involvement in standardizing and process improvement • Preparation of Board deck, insights of Financial performance, Business, update on risk register.• Review of contracts, new bids, customer pricing and providing commercial / financial inputsHighlights: Cost optimization- ensuring cost savings / tight controls from approved budgets, providing insights for GM improvementMonth end / quarter end closure on time, publishing MIS with detailed analysis on timeClosed audits on time with very minimal issuesManaged to maintain good credit ratings for the firm even under tough financial conditionsImproved collections, managing cash flow well even under tough business environment Show less

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  MeritTrac Services

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  Senior Director Finance