The document is a resume for an individual seeking a position in commercial, finance, or accounting management. It summarizes their 19+ years of experience in accounts, finance, audit, and capex management for a major retail company. It outlines their responsibilities managing budgets, expenses, inventory, materials accounting, vendor relationships, and statutory compliance. It also provides details of their professional expertise, achievements, work history, education, and skills.

1. Career Objective
Highly accomplished Accounts and commercial Professional with over 19+ years of experience in
Accounts & Finance, MIS, Audit , Capex Management with a degree of expertise in commercial
operations of Retail setup supported by consistent track record of sustained performance and
achievement as Commercial Executive , Regional Commercial Manager , South Commercial
Head, DGM-Commercial capex management with one of India’s biggest premium retail chain.
I Am looking forward for a challenging position in Commercial, MIS, Financial Accounts,
Material Accounting , Capex Management department with an organization which provides an
opportunity to exhibit my skills to the fullest and excel in my role and hone my skills further.
Core Competencies & Strengths
1.Retail Sale forecasting & Budgetary controls 2.Store Wastage, Loss prevention & Control
3. Cash & Billing , Treasury Management 4.Retail store Process & Control management.
5. Accounts Payable & Creditor Management 6. Store Operational cost optimization and
control
7. New store Project capex procurement and
Vendor Management
8. Process Reengineering
9. Resource Management 10. Staff Training and Development
11. Audit Management & Support 12. Due Diligence of Local, State and Central
taxes & Statutory compliance
Professional Expertise
 Territory Sales and Expense Budgets
o Preparation of Territory Sales budgets for complete financial year in co-
ordination with sales team.
o Circulating monthly sales budget to business team in co-ordination with
Corporate Finance team.
o Preparation of Territory Expense Budgets (opex and capex) at store level
and presenting the same to Board.
o Monthly analysis of Expense Budget Vs actual and controlling operating
expenditure in line with Budgets.
 MIS & Profitability Reviews
M.V.R.L.N.RAO
S4, Florenza Apartment,10th Cross, Manjunatha Layout, Munnekolala,
Bangalore -560047
Mobile: 8105586620 Email: raomvrln@gmail.com

2. o Monthly generation of MIS for Business team and review of
profitability of all stores.
o Highlighting areas to control costs.
o Periodical review of Break-evens and Dept. P & L and drawing plan of
action to meet break evens.
o Review of new project /store performance in comparison with PFR
 Material Accounting & Shrinkage Analysis, MIS-Store controls
o Weekly, Monthly MIS of perpetual inventory and analysis.
o Drawing reasons for incidence of shrinkage through PI analysis.
o Monthly MIS on store controls review and circulating exceptional report.
o Ensuring all controls from making GRN to delivery of stocks to store ,
are effective.
o Conducting periodical stock audits and ensuring proper correction in
Material accounting.
o Design, develop necessary system to control shrinkage levels at all stores.
o Highlighting Ageing stock levels to stores & pushing for their liquidation.
o Close monitoring of damages and implementing effective controls to keep
them in control.
o Periodical Review of Stock norms ensuring all stock levels are within
norms. Ensuring PRNs are made in time to supplier to maintain required
OTB for next season.
o Daily markdown Analysis
Conducting System Design, Develop and Implement SOPs for retail
store Front end & Bank end operations
 Accounts Payable
o Verification and validation of Trading Bills & authorising for payment
processing.
o Generation & Issuance of Purchase orders of Non-Trading Items
o Processing payments for Non-Trading, Rates & Taxes, License.
o Verification and processing payments of Utility services, Service Contracts,
Outsourced Manpower.
 Cash & Billing and Treasury Management
o Effective control set up for C & B dept and ensure timely
banking of all sale proceeds.
o Periodical review of store C & B controls & Conducting surprise checks.
o Review of cashier productivity and taking necessary steps to achieve high
cashier productivity.
o Store Promotion Management.
 Store Project Capex procurement & Vendor Management
o Procurement of New store and Renovation capex requirement.
o Handled RFQ, RFP , P2P ( Procurement to Pay) operations.
o Handled Civil & Interiors, Electrical, HVAC, Fire & Sprinkler, Shop fittings
Vendor evaluation, negotiation and Vendor management
o Store capex budgeting and initiating capex approval for all capex
requirements.

3. o Handled New store Builder scope works and recoveries from Builders
/and developers.
o Controlling project capex through Budget vs Actual during Project
execution.
o Worked along with execution in implementation of project site control
forms.
o Project capex closure.
o Implementation of E-Sourcing in Non-Trade procurement and Capex
procurement.
o Implementation of Online work flow capex approval system to meet capex
requirements of the company.
o BOQ Review and Circulation of Ensuring all expenditure incurred for
project is in line with Capex approval given by corp.
o Capitalization of project expenditure with proper documentation.
 Statutory, Licensing & Liaison with Govt Dept.
o All statutory compliances Compliances related to Sales tax, Shop &
Establishment, PF, ESIC, Payment of Bonus Act, Payment of Gratuity Act,
Profession tax.
o Complete License obtaining for newly set up stores.
o Liaisons with Govt Depts.
o Complete sales tax handling.
 Attending Audit Queries
o Attending Periodical operational audits conducted by Internal and
External Auditors.
o Answering audit quarries raised by Audit team.
o Taking measures to gear up retail team to meet all audit compliances.
o Periodical review of controls and procedural audit for better ranking
during better performance.
 Handling Legal & related issues
o Preparation of Term sheets for newly signed projects.
o Execution of Long Term Legal agreements and Registrations in co-
ordination with Legal Department.
o Execution of service contracts, Outsourcing contracts by keep in view
operational requirements.
Achievements
 Successful turnaround of AP region from Bottom four to Top One region in India in
Internal Audit Rankings . Maintained top two in Internal Audit rankings of India for
last four years and achieved First rank Trophy during FY 09-10 & FY 10-11
 Handled Inventory Department (Loss & prevention) comprising 75 staff
independently and conducted six stock takes across 30 retail stores in south.

4.  Achieved second lowest shrinkage levels out of all stores in India by implementing
best material accounting practices and Standard operating procedures.
 One of the core team to form SOPs of the Company and released individually first four
SOPs of the company.
 One of the functional expert in project team to develop ERP solutions for Accounts
and Logistics Department.
 Headed six members of Super User team for the implementation of all Oracle Retek
modules RPOS, WMS, SIM & RMS levels.
 Comprehensive understanding about store operations and have done project on apparel
management to develop business knowledge about retail.
 Best talents hired, retained and elevated where Three out of five team members were
elevated during my tenure as a testament for my man management skills.
Track Record
Strengths
 Proactive approach with a flexible attitude towards work.
 Highly professional approach towards people management skills.
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5.  Good presentation, negotiating, networking and coordinating skills
 Well organized and self-directed individual with good leadership and team building
skills
 Strategic planner with analytic ability, good judgment and strong operational focus.
 Result oriented and target driven.
Academics
C.A. Intermediate - Institute of Chartered Accountants of India - 1999
Bachelor of Commerce – V.S.R & N.V.R College – Tenali, Nagarjuna
University – 1990
Higher Secondary – Taluk Junior College – Tenali - 1987
IT Skills
Microsoft Office Suite of Products
Interest & Hobbies
Music, Reading, Travel
Personal Details
Date of Birth : August 3 rd nd 1970.
Linguistic Knowledge
(Speak / Read/ Write) : English, Hindi, and Telugu
Marital Status : Married
Reference : Can be given on demand
Location Preference : Anywhere in South
Regards,
M. V. R. L. Narasimha Rao