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Curriculum Vitae
EDUCATION
• Associate Member of the Institute of Chartered Accountants of India from 2002;
Articleship with the following Chartered Accountant Firms:
a. M/s Gopal & Murthi from Nov 1999 to Sep 2001;
b. M/s Varadarajan & Ramamani from Jul 1998 to Nov 1999.
Worked as a Paid Assistant in M/s Gopal & Murthi from Sep 2001 to May 2002.
• Associate Member of the Institute of Cost Accountants of India from 2007;
• Associate Member of the Institute of Company Secretaries of India from 2009;
• CAIIB from the Indian Institute of Banking and Finance in 2006;
• Master of Commerce from University of Madras in 2004.
EXPERIENCE
Accounts, Finance & Taxation
• Employed in FLSmidth Private Ltd. as Manager – Finance since Jul 2015.
• Worked in Shriram Properties Private Ltd. as Deputy General Manager – Finance & Accounts
from Sep 2012 to Jun 2015.
Banking
• Worked in The Hongkong and Shanghai Banking Corporation Ltd. as Area Head (Chennai)
and Associate Vice President in Credit Operations, catering to Global Banking & Markets and
Commercial Banking from May 2009 to Aug 2012.
• Worked in HDFC Bank Ltd. as Senior Manager in Business Banking, Wholesale Banking from
Mar 2008 to May 2009.
• Worked in IDBI Bank Ltd. as Assistant Manager in Credit Administration, Risk Management
from Feb 2005 to Mar 2008.
• Worked in IndusInd Bank Ltd. as Junior Manager in Credit and Business Process Monitoring
Cell, Retail Banking from Sep 2003 to Feb 2005.
Practise
• Practised as a Chartered Accountant from Jul 2002 to Sep 2003.
JOB EXPOSURE IN ACCOUNTS, FINANCE & TAXATION
I was heading the Finance and Accounts function for the Chennai Residential Project sizing Rs. 600
crore in Shriram Properties Private Ltd and presently in charge of the General Ledger and Direct
Taxation activities in FLSmidth Private Ltd. with the following indicative job activities.
Process Engineering
Continuous evaluation of existing processes & bringing in necessary changes and in inventing new
processes, to cope with changes in the Business Environment.
I was a member of the Work Order Committee coordinating for approval of expenditure proposals
of the annual budget.
Name: Asuri Parthasarathi
Date of Birth: 7th
July 1979
Father: Asoori Rangaswami, I.O.F.S (Retd.)
Mother: Pankaja Rangaswami, Syndicate Bank (Retd.)
Address: Old No. 137 (New No. 116),
Venkatarangam Street, Triplicane,
Chennai - 600 005
Tel: 044-2844 4043, Mob: 98414 34043
E-mail: parthasarathiasuri@gmail.com
Curriculum Vitae of Asuri Parthasarathi Page 2
Accounting
Accounting of Financial Transactions, Investment Decisions, Project Expenditures and
Procurement Activities.
Accounts Receivables and Customer Master Data maintenance.
Accounts payable and Vendor Accounts’ reconciliations.
CAPEX Accounting, Depreciation charge off, Fixed Assets Register and physical verifications.
Monthly and Yearly Accounts Closure and Preparation of Financial Statements as per Indian
Statutory requirements and as required under Group Office requirements.
Inter-Company / Inter-Division balances reconciliation and Consolidation of Financials of Group
Companies / Divisions.
Banking, Treasury and Finance
Day-to-day Banking activities, discharge of Loan dues and Short Term Funds Management.
Project Report preparation & negotiations with Banks and Financial Institutions for sanction of
Credit Facilities, documentation and utilization.
Ensuring adherence to covenants of loan documentation of the Lending Institutions including
monthly reporting of the Project progress.
Cost estimations & Project viability and Cost Benefit analysis for management decisions.
Working for Due Diligence.
Taxation
Income Tax and Wealth Tax
a. Return submissions and Assessment Procedures under Income Tax Act and Wealth Tax Act
b. Transfer Pricing Documentation and Assessment Procedures
c. TDS on Salaries & Others and timely remittance, submission of quarterly returns and replies to
notices from TRACES.
d. Advance Tax estimation, Self-Assessment tax computation and timely remittance.
e. Personal Taxation to Expatriates.
VAT under TNVAT Act, 2006 –
a. Registration under TNVAT Act, 2006 and CST Act, 1956.
b. Accounting and remittance of VAT under Regular & Composition schemes, VAT payable for
purchases from unregistered dealers and Accounting & availing of Input Credits.
c. Filing of Monthly Returns and Applications for obtaining C Forms to the Vendors.
d. TDS WCT and timely remittance to the department.
e. Assessments and replying to queries raised by the department.
Service Tax under the Finance Act 1994 –
a. New Registration and Amendments to the earlier Registration.
b. Accounting and remittance of Service Tax liability after availing CENVAT credits.
c. Computation and discharge of Service Tax liability under the Reverse Charge Mechanism.
d. Filing of Service Tax Returns and replying to queries raised by the department.
Management Information System
Preparation and presentation of Business Plan, Annual Budget and Projections based on past
Performance & Rolling Cash Flow forecasts.
Reporting of Performance vis-à-vis Budget and the Business Plan, Cash Flow Statements.
Allocation of Cost Centre expenditures to the Profit Centres, reporting of Overheads incurred vis-à-
vis the Budget and determining profitability of the Profit Centres.
Reporting of Tax compliances to the Board of Directors and Group Head Office in Denmark.
Curriculum Vitae of Asuri Parthasarathi Page 3
Audit and Inspection
Site visits for verifying the genuineness of work order proposals / expenditures are incurred strictly
as per the approvals sanctioned.
Inspection of contractor’s stores in the project sites and ensuring all records are maintained
properly, including adherence to Labour Laws.
Managing Internal Audit, Statutory Audit, VAT Audit and Tax Audit conducted by Chartered
Accountant Firms and Miscellaneous Audits like Cost Audit, Service Tax Audit and other audits
and Inspections conducted under various Statutes and Management Requirements.
People Management
Recruitment and Training of new entrants.
Setting KRAs to Employees, tracking Performances vis-à-vis the KRAs and providing feedbacks.
Correcting / Training Employees for consistent performance wherever required and providing
Incentives & career progressions for consistent exceptional performances.
Departmental Hygiene
Adhering to the File Organisation Policy (Hard copy and Digital files) including regular Back Ups.
Smooth handing over and taking over of jobs during planned leave / cessation of employment.
Job Rotations and availability of Back Up for the Employees.
Transparency and Clean Working Culture within the department.
JOB EXPOSURE IN BANKING
Relationship Management and Credit
I was a Senior Relationship Manager handling 11 branches in Chennai and 1 branch in Tirupathi with a
portfolio size of Rs. 125 Crore, catering to entities with turnover between Rs. 5 and Rs. 125 Crore.
Sourcing New Relationships by providing Credit facilities.
Maintaining Existing Relationships by addressing their requirements.
Cross selling of products like Liabilities and General Insurance.
House Keeping activities like Review / Renewals and Monitoring.
Remedial Management activities like follow up on delinquent accounts for regularization of the
overdues, identifying and exiting of Focus and NPA accounts.
Risk Management
Credit Administration
I was heading Credit Administration for Global Banking & Markets and Commercial Banking,
Chennai & Hyderabad branches.
Communication of facilities sanctioned and processing of documentation, including custody and
continuity thereof and coordinating with legal counsels.
Security creations like Hypothecation, Mortgage, Letter of Comfort, Standby Letter of Credit, etc.
and arranging for ROC Filing and Search Reports.
Setting up and maintenance of Limits in Core Banking Software and tracking availment / breach.
Ensuring application of interest and penal interests wherever applicable.
Post-sanction follow up for compliance to terms and conditions and Regular Monitoring for
identification of Early Warning Signals and Triggers.
Proactive follow up on soft and exit accounts with the Relationship Managers for recovery of dues.
Processing and monitoring of special facilities like Lease, Securitization, Receivables Buyout, etc.
Treasury Administration
Monitoring of Treasury Credit Risk comes under Treasury Administration and I was heading Treasury
Administration for the entire Southern India.
Establishing limits for Forwards and Derivatives in the system (including Declaration Limits) and
monitoring of utilizations vis-à-vis sanctioned limits and terms and conditions.
Curriculum Vitae of Asuri Parthasarathi Page 4
Collection, verification and ensuring existence of Underlyings for the Derivative deals.
Monitoring of key risk factors like Stop Loss, Break Clause, Mark to Market, etc.
Trade Finance
International Operations relating to Collections, Letters of Credit and worked in Swift Alliance
Server.
Documents checking for compliance to INCO Terms, UCP 600, URC 522, URR 525 and ISBP
issued by the International Chamber of Commerce.
Business Process and Systems
In-charge for Car Finance Post Sanction Credit Review Team.
Business Process Monitoring in respect of Two Wheeler and Car Finance.
Monitoring local collection accounts operated in the Business Locations and Audit Finalization
thereof.
Revised the User Manual for the Accounting software used at Business Locations for the Local
collection accounts.
I was also engaged in the following two assignments relating to Housing Loan Product.
a. Revision of the existing Housing Loan Process Manual in light of changes in the market
practices and policy decisions of the Management.
b. Testing and validation of Housing Loan front-end Application and data integrity at the back-
end server.
Others
Internal, Concurrent and Statutory Audits and RBI Inspections.
Compiling returns to RBI and various other statutory organizations.
Complying with RBI stipulations w.r.t Exchange of Information, State Level Bankers’ Committee,
Consortium Meetings, etc.
MIS, SUC and Six Sigma for internal purposes.
Training of new entrants and the existing staff on Banking and latest developments.
JOB EXPOSURE IN PRACTICE
Statutory and Tax audits.
Concurrent audit, Special Revenue and Documentation audit of Banks.
Investigation and Due Diligence.
Certifications under the NBFC Regulations’ prescribed by the Reserve Bank of India.
Management Services to Corporates like Consolidation of Financial Statements, Systems Study,
etc. and Certification works.
Preparation and submission of Income Tax Returns.
INFORMATION TECHNOLOGY EXPOSURE
Conversant with Oracle 8.0 (Diploma holder in RDBMS from SSI Limited).
Diploma holder in Web Development from Kaashyap Radiant Info School.
Completed Certificate Courses in ‘Information Systems for Auditing & Cost Management‘, from
ICWAI and “Understanding Information Technology in Corporate Environment”, jointly
conducted by ICSI and NIIT.
Handled SQL based accounting systems, Tally ERP 9 and Oracle based Accounting systems.
Working knowledge in SQL Server 2000, Microsoft Office 2010 and e-Commerce.
--&--

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Curriculum Vitae_Asuri Parthasarathi

  • 1. Curriculum Vitae EDUCATION • Associate Member of the Institute of Chartered Accountants of India from 2002; Articleship with the following Chartered Accountant Firms: a. M/s Gopal & Murthi from Nov 1999 to Sep 2001; b. M/s Varadarajan & Ramamani from Jul 1998 to Nov 1999. Worked as a Paid Assistant in M/s Gopal & Murthi from Sep 2001 to May 2002. • Associate Member of the Institute of Cost Accountants of India from 2007; • Associate Member of the Institute of Company Secretaries of India from 2009; • CAIIB from the Indian Institute of Banking and Finance in 2006; • Master of Commerce from University of Madras in 2004. EXPERIENCE Accounts, Finance & Taxation • Employed in FLSmidth Private Ltd. as Manager – Finance since Jul 2015. • Worked in Shriram Properties Private Ltd. as Deputy General Manager – Finance & Accounts from Sep 2012 to Jun 2015. Banking • Worked in The Hongkong and Shanghai Banking Corporation Ltd. as Area Head (Chennai) and Associate Vice President in Credit Operations, catering to Global Banking & Markets and Commercial Banking from May 2009 to Aug 2012. • Worked in HDFC Bank Ltd. as Senior Manager in Business Banking, Wholesale Banking from Mar 2008 to May 2009. • Worked in IDBI Bank Ltd. as Assistant Manager in Credit Administration, Risk Management from Feb 2005 to Mar 2008. • Worked in IndusInd Bank Ltd. as Junior Manager in Credit and Business Process Monitoring Cell, Retail Banking from Sep 2003 to Feb 2005. Practise • Practised as a Chartered Accountant from Jul 2002 to Sep 2003. JOB EXPOSURE IN ACCOUNTS, FINANCE & TAXATION I was heading the Finance and Accounts function for the Chennai Residential Project sizing Rs. 600 crore in Shriram Properties Private Ltd and presently in charge of the General Ledger and Direct Taxation activities in FLSmidth Private Ltd. with the following indicative job activities. Process Engineering Continuous evaluation of existing processes & bringing in necessary changes and in inventing new processes, to cope with changes in the Business Environment. I was a member of the Work Order Committee coordinating for approval of expenditure proposals of the annual budget. Name: Asuri Parthasarathi Date of Birth: 7th July 1979 Father: Asoori Rangaswami, I.O.F.S (Retd.) Mother: Pankaja Rangaswami, Syndicate Bank (Retd.) Address: Old No. 137 (New No. 116), Venkatarangam Street, Triplicane, Chennai - 600 005 Tel: 044-2844 4043, Mob: 98414 34043 E-mail: parthasarathiasuri@gmail.com
  • 2. Curriculum Vitae of Asuri Parthasarathi Page 2 Accounting Accounting of Financial Transactions, Investment Decisions, Project Expenditures and Procurement Activities. Accounts Receivables and Customer Master Data maintenance. Accounts payable and Vendor Accounts’ reconciliations. CAPEX Accounting, Depreciation charge off, Fixed Assets Register and physical verifications. Monthly and Yearly Accounts Closure and Preparation of Financial Statements as per Indian Statutory requirements and as required under Group Office requirements. Inter-Company / Inter-Division balances reconciliation and Consolidation of Financials of Group Companies / Divisions. Banking, Treasury and Finance Day-to-day Banking activities, discharge of Loan dues and Short Term Funds Management. Project Report preparation & negotiations with Banks and Financial Institutions for sanction of Credit Facilities, documentation and utilization. Ensuring adherence to covenants of loan documentation of the Lending Institutions including monthly reporting of the Project progress. Cost estimations & Project viability and Cost Benefit analysis for management decisions. Working for Due Diligence. Taxation Income Tax and Wealth Tax a. Return submissions and Assessment Procedures under Income Tax Act and Wealth Tax Act b. Transfer Pricing Documentation and Assessment Procedures c. TDS on Salaries & Others and timely remittance, submission of quarterly returns and replies to notices from TRACES. d. Advance Tax estimation, Self-Assessment tax computation and timely remittance. e. Personal Taxation to Expatriates. VAT under TNVAT Act, 2006 – a. Registration under TNVAT Act, 2006 and CST Act, 1956. b. Accounting and remittance of VAT under Regular & Composition schemes, VAT payable for purchases from unregistered dealers and Accounting & availing of Input Credits. c. Filing of Monthly Returns and Applications for obtaining C Forms to the Vendors. d. TDS WCT and timely remittance to the department. e. Assessments and replying to queries raised by the department. Service Tax under the Finance Act 1994 – a. New Registration and Amendments to the earlier Registration. b. Accounting and remittance of Service Tax liability after availing CENVAT credits. c. Computation and discharge of Service Tax liability under the Reverse Charge Mechanism. d. Filing of Service Tax Returns and replying to queries raised by the department. Management Information System Preparation and presentation of Business Plan, Annual Budget and Projections based on past Performance & Rolling Cash Flow forecasts. Reporting of Performance vis-à-vis Budget and the Business Plan, Cash Flow Statements. Allocation of Cost Centre expenditures to the Profit Centres, reporting of Overheads incurred vis-à- vis the Budget and determining profitability of the Profit Centres. Reporting of Tax compliances to the Board of Directors and Group Head Office in Denmark.
  • 3. Curriculum Vitae of Asuri Parthasarathi Page 3 Audit and Inspection Site visits for verifying the genuineness of work order proposals / expenditures are incurred strictly as per the approvals sanctioned. Inspection of contractor’s stores in the project sites and ensuring all records are maintained properly, including adherence to Labour Laws. Managing Internal Audit, Statutory Audit, VAT Audit and Tax Audit conducted by Chartered Accountant Firms and Miscellaneous Audits like Cost Audit, Service Tax Audit and other audits and Inspections conducted under various Statutes and Management Requirements. People Management Recruitment and Training of new entrants. Setting KRAs to Employees, tracking Performances vis-à-vis the KRAs and providing feedbacks. Correcting / Training Employees for consistent performance wherever required and providing Incentives & career progressions for consistent exceptional performances. Departmental Hygiene Adhering to the File Organisation Policy (Hard copy and Digital files) including regular Back Ups. Smooth handing over and taking over of jobs during planned leave / cessation of employment. Job Rotations and availability of Back Up for the Employees. Transparency and Clean Working Culture within the department. JOB EXPOSURE IN BANKING Relationship Management and Credit I was a Senior Relationship Manager handling 11 branches in Chennai and 1 branch in Tirupathi with a portfolio size of Rs. 125 Crore, catering to entities with turnover between Rs. 5 and Rs. 125 Crore. Sourcing New Relationships by providing Credit facilities. Maintaining Existing Relationships by addressing their requirements. Cross selling of products like Liabilities and General Insurance. House Keeping activities like Review / Renewals and Monitoring. Remedial Management activities like follow up on delinquent accounts for regularization of the overdues, identifying and exiting of Focus and NPA accounts. Risk Management Credit Administration I was heading Credit Administration for Global Banking & Markets and Commercial Banking, Chennai & Hyderabad branches. Communication of facilities sanctioned and processing of documentation, including custody and continuity thereof and coordinating with legal counsels. Security creations like Hypothecation, Mortgage, Letter of Comfort, Standby Letter of Credit, etc. and arranging for ROC Filing and Search Reports. Setting up and maintenance of Limits in Core Banking Software and tracking availment / breach. Ensuring application of interest and penal interests wherever applicable. Post-sanction follow up for compliance to terms and conditions and Regular Monitoring for identification of Early Warning Signals and Triggers. Proactive follow up on soft and exit accounts with the Relationship Managers for recovery of dues. Processing and monitoring of special facilities like Lease, Securitization, Receivables Buyout, etc. Treasury Administration Monitoring of Treasury Credit Risk comes under Treasury Administration and I was heading Treasury Administration for the entire Southern India. Establishing limits for Forwards and Derivatives in the system (including Declaration Limits) and monitoring of utilizations vis-à-vis sanctioned limits and terms and conditions.
  • 4. Curriculum Vitae of Asuri Parthasarathi Page 4 Collection, verification and ensuring existence of Underlyings for the Derivative deals. Monitoring of key risk factors like Stop Loss, Break Clause, Mark to Market, etc. Trade Finance International Operations relating to Collections, Letters of Credit and worked in Swift Alliance Server. Documents checking for compliance to INCO Terms, UCP 600, URC 522, URR 525 and ISBP issued by the International Chamber of Commerce. Business Process and Systems In-charge for Car Finance Post Sanction Credit Review Team. Business Process Monitoring in respect of Two Wheeler and Car Finance. Monitoring local collection accounts operated in the Business Locations and Audit Finalization thereof. Revised the User Manual for the Accounting software used at Business Locations for the Local collection accounts. I was also engaged in the following two assignments relating to Housing Loan Product. a. Revision of the existing Housing Loan Process Manual in light of changes in the market practices and policy decisions of the Management. b. Testing and validation of Housing Loan front-end Application and data integrity at the back- end server. Others Internal, Concurrent and Statutory Audits and RBI Inspections. Compiling returns to RBI and various other statutory organizations. Complying with RBI stipulations w.r.t Exchange of Information, State Level Bankers’ Committee, Consortium Meetings, etc. MIS, SUC and Six Sigma for internal purposes. Training of new entrants and the existing staff on Banking and latest developments. JOB EXPOSURE IN PRACTICE Statutory and Tax audits. Concurrent audit, Special Revenue and Documentation audit of Banks. Investigation and Due Diligence. Certifications under the NBFC Regulations’ prescribed by the Reserve Bank of India. Management Services to Corporates like Consolidation of Financial Statements, Systems Study, etc. and Certification works. Preparation and submission of Income Tax Returns. INFORMATION TECHNOLOGY EXPOSURE Conversant with Oracle 8.0 (Diploma holder in RDBMS from SSI Limited). Diploma holder in Web Development from Kaashyap Radiant Info School. Completed Certificate Courses in ‘Information Systems for Auditing & Cost Management‘, from ICWAI and “Understanding Information Technology in Corporate Environment”, jointly conducted by ICSI and NIIT. Handled SQL based accounting systems, Tally ERP 9 and Oracle based Accounting systems. Working knowledge in SQL Server 2000, Microsoft Office 2010 and e-Commerce. --&--