SIVA NAGA SRINIVAS VUDATHU

Contact No.: +91-8328026613

E-Mail ID: [email protected]

An innovative & dedicated professional aiming for challenging assignments in Credit Control, Collections,
Account Receivables and Account Reconciliations and SAP.

SUMMARY

A competent professional with over 10+ years of experience in:

Finance & Accounts Operations Account Reconciliations Team Management

Accounts Receivables Bucket wise collections Write Off Issues

Risk Management Collections Management C-form Collections

Credit Control MIS Management Legal Issues

 Experienced in spearheading a wide spectrum of Finance & Accounts activities encompassing finalization of
accounts, Receivable management, Collection management and credit control
 Proficiency in managing financial accounting, receivables management, preparing ledger books, bank
reconciliation statements and finalization of accounts
 Capable of managing accounting activities including preparation of accounts, reconciliation statements
leading to finalization of accounts
 Exposure in devising & implementing stringent credit control measures for effective receivable management
and thereby reducing the incidence of bad debts
 Gained experience in devising and implementing financial procedures, maintaining and finalizing accounts
as per the statutory requirements
 Deft in handling overall risk & exposures of customers, involving risk assessment, internal / external rating,
monitoring mitigants & portfolio risks
 Strong analytical & organizational abilities with adeptness in formulating accounting systems and preparing
accounting records/ financial statements

CORE COMPETENCIES

Finance Operations

 Monitoring preparation of statutory books of Accounts, Bank Reconciliation, Customer Reconciliation and
Consolidated Reports in compliance with time & accuracy norms
 Preparing the MIS Reports, C form Collection, Customer Ledger Statements, Debtors Reconciliation and other
financial reports to keep track of financial performance
 Managing sales, collection & receivable accounting, preparing debtor reconciliation statements, raising of
debit / credit notes pertaining to customers

Accounting

 Implementing accounting / financial systems with a view to ensure smooth accounting operations and
facilitate internal financial control, receipts & ensuring timely payments
 Presenting a true and fair view of the financial position by preparing and reconciliation of financial
statements viz., ledgers

Receivable Management
 Preparation and follow up of bills receivables after invoicing to debtors, conducting ageing analysis with an
aim to keep receivables under control and collections of payments, etc.
 Managing receivable management - collection, monitoring debtors ageing, interacting with the customers for
collections & clarifying issues, sending reminders, providing MIS on debtors to the management

MIS

 Preparing MIS reports & various other financial reports to keep a track of the financial performances and
submitting the same to Middle Management and Top Management
 Preparation of quarterly Financial Forecast & its monitoring at the end & beginning of the quarter

Risk Management

 Corresponding with internal and external clients on a daily basis to address and resolve issues
 Monitoring clients’ portfolio performance, conducting profitability analysis, rendering sustained advisory
services for securing high ROI and increasing retention levels.

Credit Control

 Appraising credit proposals & scrutinizing relevant documents before sanctioning / disbursing the credit,
ensuring compliance with organizational credit policies
 Analyzing the various risks associated with the product and ways to mitigate
 Performing the functions of assessing creditworthiness of clients and taking adequate steps to ensure receipt
of payments and recovery of bad debts.
 Follow-ups & Correspondences on Legal matters.
 Identifying amounts which are to be written off.
 Talking to Sales Officers telephonically and visiting the customer places.

Collections Management

 Performing sales v/s collections analysis on monthly basis, designing/ implementing collections strategy and
ensuring 120% of collection over sales or above
 Consistently achieved strict monthly and annually collections targets
 Looking after process adjustments, organizing a recovery system, steering collection efforts and liaising with
customers via phone, email, mail or personally
 Liaised with Sales Team for collecting blank chequee, balance conformation about customer outstanding,
sending customers over dues payments control on customer over dues, credit limit collection status and
issuing debit notes for over dues & outstanding payments.
 C-form follow-ups
 To make Bankers Certificate, Disclaimer Certificate.

ORGANIZATIONAL EXPERIENCE

From March 2019 To Till Date: Bhairavi Building Systems as Finance Head.
Credit Control, Collections, Account Receivables and Account Reconciliations
 Responsible for providing:
o Financial, clerical and administrative services for maintaining up-to-date billing system, following up,
collection and allocation of payments carry out billing and collecting & reporting activities according
to specific deadlines.
o Customer aging analysis report daily to sales team and management for clearing outstanding
payments &issuing debit note for overdue.
 Carried out credit investigation and commercial evaluation of prospective declarers
 Evaluated monthly debtors outstanding as well as daily sales outstanding and presenting to Head-Credit
Managed sales financial analytical and management reporting
 Monitored state AR team and handled collection of C forms from customers
 Conducted credit investigation & commercial evaluation of prospective dealers and customers
 Identifying:
o Potential customers on LC & bank guarantee with additional credit terms to ensure reduction in risk
o Non-moving accounts and allocating the same to finance team to do reconciliation and payment
collection
 Coordinating with billing department for implementing the processes & policies which leads to accurate
invoicing
 Involved in overseeing the operations wherein if the service has stopped for non-payment, would be
responsible for approving the sending of final demand letter
 Responsible for:
o Reviewing & analyzing the sales scheme & promotion expenditure
o Clean accounting and audit of the sales finance accounts i.e. debtors, claims, etc.
o Reviewing monthly expenses for distribution & ODRC, comparing with budgets & PFs, timeliness of
giving credit notes to distributors, etc.
 Following up debt by telephone and email and reducing debtor days
 Accountable for:
o Allocating payments in accordance with the customer remittances
o Processing and generating reminder letters and monthly statements
o Tracking provision movement every month and find out those cases which are likely to provision
badly especially large accounts
 Evaluating monthly debtors & daily sales outstanding for presenting the same to Regional Sales Team and
Credit Head.
 Involved in reconciliation of accounts supervising customer account details for non-payments, delayed
payments and other irregularities, collecting cheques from the vendors and depositing same in the banks in
proper time
 Handled the activities pertaining to receivables & risk management involving coordinating collections
overdue control and credit limit reviews for ensuring zero bad debts and DSO in line with corporate
guidelines
 Carried out credit investigation and commercial evaluation of prospective declarers
 Evaluated monthly debtors outstanding as well as daily sales outstanding and presenting to Head-Credit
 Managed sales financial analytical and management reporting
 Monitored state AR team and handled collection of C forms from customers
 Conducted credit investigation & commercial evaluation of prospective dealers and customers
 Ensured:
o Collections as per stipulated due dates to avoid delays and bad debt provisioning
o Day today payable & receivable at branch level with the support of executive
 Effectively handled third party issue at branch office level such as VAT CST and any legal issues pertaining to
government organization
 Supervised branch petty cash transactions for ensuring smooth functions of the branch

From June 2013 To 28-Feb-2019: Hilti India Private Ltd., Hyderabad as Sr. Finance Officer for Telangana & AP.
Credit Control, Collections, Account Receivables and Account Reconciliations

 Identifying:
o Potential customers on LC & bank guarantee with additional credit terms to ensure reduction in risk
o Non-moving accounts and allocating the same to finance team to do reconciliation and payment collection
 Coordinating with billing department for implementing the processes & policies which leads to accurate
invoicing
 Involved in overseeing the operations wherein if the service has stopped for non-payment, would be
responsible for approving the sending of final demand letter
 Responsible for:
o Reviewing & analyzing the sales scheme & promotion expenditure
o Clean accounting and audit of the sales finance accounts i.e. debtors, claims, etc.
 o Reviewing monthly expenses for distribution & ODRC, comparing with budgets & PFs, timeliness of giving
credit notes to distributors, etc.
 Following up debt by telephone and email and reducing debtor days
 Accountable for:
o Allocating payments in accordance with the customer remittances
o Processing and generating reminder letters and monthly statements
o Tracking provision movement every month and find out those cases which are likely to provision badly
especially large accounts
 Evaluating monthly debtor’s & daily sales outstanding for presenting the same to Regional Sales Team and
Credit Head

ACADEMIC DETAILS

2014 MBA (Finance) from Acharya Nagarjuna University, Guntur

2008 B.Com. From Acharya Nagarjuna University, Guntur

IT SKILLS

 Well versed with:

o SAP (FICO) as End User
o Tally ERP
o MS Office (Word, Excel & PowerPoint) and Internet Applications
o Windows OS

PERSONAL DETAILS

Name: V.SIVA NAGA SRINIVAS

Father’s Name: V. S RAMAKRISHNA RAO
Date of Birth: 08TH SEP 1987
Gender: Male
Marital status: Married

Nationality: Indian
Languages Known: English, Telugu and Hindi

DECLARATION

I hereby declare that above provided information is correct and I bear the responsibility for the correctness of
the above mentioned particulars.

V.SIVA NAGA SRINIVAS