Music, Cricket and Travel
Govardhan Mallela
Chartered Accountant
Auckland,AUK
Summary
Proven finance leader with a track record of driving profitability and efficiency improvements at CP Group of Companies. Skilled in financial reporting, analysis, and strategic planning, complemented by a strong aptitude for problem-solving and team collaboration. Achieved significant cost reductions and optimized cash flow management, demonstrating exceptional analytical thinking and stakeholder communication.
Overview
40
40
years of professional experience
Work History
Director of Finance
CP Group of Companies
02.2015 - Current
- Instituted best practices in financial management processes by conducting regular reviews of procedures, policies, and systems for continuous improvement opportunities.
- Successfully managed multiple, concurrent projects by prioritizing tasks and allocating resources efficiently.
- Implemented robust compliance protocols to adhere to all relevant regulations while mitigating the risk of fines or penalties.
- Improved internal controls and risk management strategies to safeguard company assets and minimize potential losses.
- Managed a high-performing finance team, providing guidance and mentorship to foster professional growth and development.
- Introduced a comprehensive performance measurement system that facilitated transparent goal-setting for finance staff members.
- Evaluated potential mergers and acquisitions for financial viability, conducting thorough due diligence to support informed decisionmaking.
- Streamlined financial reporting processes by implementing more efficient software systems and optimizing data management.
- Optimized cash flow management through diligent monitoring of receivables, payables, and investment activities.
- Proactively monitored industry trends to identify new revenue streams or cost-saving initiatives that would benefit the company''s bottom line.
- Provided insightful recommendations for process improvements, contributing to increased operational efficiency across the organization.
- Developed accurate monthly forecasts using historical data trends combined with current market conditions for enhanced decision-making capabilities.
- Conducted thorough financial analysis on proposed projects, ensuring investments aligned with company''s growth strategy and delivered desired ROI.
- Enhanced company profitability with strategic financial planning, budgeting, and forecasting techniques to ensure optimal resource allocation.
- Consolidated financial statements for multiple subsidiaries, ensuring accuracy and compliance with GAAP and IFRS standards.
- Reduced overhead costs by identifying inefficiencies and implementing targeted cost-saving measures across various departments.
- Negotiated favorable vendor contracts by leveraging strong analytical skills and industry knowledge for competitive advantage.
- Established strong relationships with banking partners for favorable financing terms on loans and lines of credit.
- Fostered a culture of accountability within the finance department, emphasizing the importance of meeting deadlines and delivering accurate financial data to stakeholders.
- Collaborated with executive leadership team in developing long-term financial goals, ensuring alignment with overall business objectives.
- Managed day-to-day operations within 15-person finance department.
- Generated financial and operational reports to assist management with business strategy.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Introduced software tools and process improvements to mitigate loss and drive operational growth.
- Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks.
- Drove profit increases through market research and strategic asset management to meet dynamic industry conditions.
- Assisted with recruiting, interviewing, and hiring new department employees.
- Maintained responsive organization with sustained revenue growth through industry forecast monitoring and deliberate financial planning.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Set clear departmental objectives and developed effective strategies to achieve targeted goals.
- Established and enforced controls on revenue and expenses to protect company assets.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Identified partnership opportunities and established favorable business connections.
- Verified compliance of financial policies and accounting procedures against federal regulations.
- Forecasted trends and recommended improvements based on financial risk analyses.
- Improved resource utilization with data management systems, reducing costs through strategic coordination and contract analysis.
- Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Performed banking, business administration and financial tasks to guarantee five-star service for clients.
- Evaluated and negotiated contracts to procure favorable financial terms.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Complied with established internal controls and policies.
- Established internal audit procedures to validate and improve accuracy of financial reporting.
- Created financial dashboards to provide insights into key performance indicators.
Managing Director
TAS NZ LIMITED
03.2003 - Current
- Developed strong relationships with clients, fostering loyalty through exceptional service and professional advice.
- Streamlined accounting processes for improved efficiency and reduced errors, implementing new software systems.
- Conducted regular reconciliations of balance sheet accounts to maintain accurate records essential for decision-making purposes.
- Provided valuable insights to clients through comprehensive financial analysis and strategic planning.
- Ensured compliance with tax regulations by accurately preparing and submitting tax returns for clients.
- Mentored junior accountants, providing guidance on best practices and career development opportunities.
- Served as a trusted advisor to executive leadership, offering data-driven recommendations on financial matters that aligned with business goals.
- Contributed to the development of long-term strategies through rigorous financial modeling techniques and forecasting methods.
- Managed complex projects effectively by coordinating team efforts, ensuring on-time completion of tasks within scope and budget constraints.
- Played an integral role in the successful completion of various financial projects by leveraging expertise in accounting principles and industry best practices.
- Maximized client satisfaction by delivering timely and accurate financial reports, addressing concerns promptly.
- Implemented robust risk management frameworks, proactively addressing potential issues before they escalated into major problems.
- Achieved cost reduction through meticulous budgeting and expense monitoring, optimizing resource allocation.
- Assisted in mergers and acquisitions activities, performing due diligence procedures to ensure smooth transitions.
- Established solid internal controls to mitigate risks, safeguarding company assets from misappropriation or fraud.
- Enhanced financial accuracy by conducting thorough audits and identifying discrepancies in financial statements.
- Reviewed operational efficiencies, suggesting methods for improvement.
- Provided exemplary assistance with fiduciary fund transfers and enterprise fund conversions.
- Suggested ways to improve operational efficiencies.
- Created detailed financial reports based on financial statuses and data.
- Developed and trained client staff in managing accounting and bookkeeping systems.
- Put safeguards and controls into place for receipt of revenue, costs, budgets and expenditures.
- Analyzed data and presented reports of financial statuses.
- Planned and supervised performance audits on various agreements contracted with city governments.
- Audited contracts and agreements with public organizations and city governments.
- Performed reviews of organization's adherence to regulatory guidelines applicable to industry activities and practices.
- Supervised accounting and booking training procedures for new staff members.
- Implemented internal controls and safeguards for receipt of revenue, costs, budgets and expenditures.
- Setup accounts, ledgers and reporting systems per GAAP standards and regulatory requirements.
- Created accounts, wrote ledgers and set up reporting systems based on GAAP standards and regulations.
- Outsourced comptrollers for diverse small business clients while overseeing bookkeeping, payroll, tax, business management, operation management and financial management services.
- Handled planning, integration and delivery of financial and compliance audits for nonprofit organizations.
- Implementing training program for client staff to oversee accounting and bookkeeping systems.
- Followed all GAAP standards and complied with regulations when setting up accounts, ledgers and reporting systems.
- Performed audits on various agreements contracted with city governments and other organizations.
- Implemented Governmental Accounting Standards Board and Comprehensive Annual Financial Reporting requirements correctly and efficiently.
- Assisted with fiduciary fund transfers and enterprise fund conversions.
- Reviewed regulations and guidelines to confirm business accounting practices adhered to GAAP standards.
- Assessed operational efficiencies and made recommendations for improvement.
- Designed and executed audits while coordinating efforts to obtain control and financial documentation.
- Prepared working papers, reports and supporting documentation for audit findings.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Collected and reported monthly expense variances and explanations.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
- Provided journal entries and performed accounting on accrual basis.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Maintained integrity of general ledger and chart of accounts.
- Identified legal tax savings and recommended ways to improve profits.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Researched technical tax issues to define tax effect or impact of certain tax positions.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Trained new employees on accounting principles and company procedures.
- Developed financial models to assess and analyze financial performance of clients.
Group Financial Controller
CP Group Of Companies
02.1998 - 02.2015
- Enhanced financial transparency for stakeholders by streamlining communication channels and providing detailed reports.
- Streamlined accounting operations with the introduction of advanced software solutions, improving accuracy and efficiency in record-keeping practices.
- Facilitated successful mergers and acquisitions by conducting thorough due diligence exercises and managing integration efforts.
- Provided strategic financial guidance to senior management, supporting informed decision-making processes across the organization.
- Restructured debt obligations for optimized capital structure, reducing interest expenses over time.
- Optimized cash flow management with effective forecasting, budgeting, and reporting systems.
- Championed process improvements initiatives within the finance department, driving efficiency gains and reducing operational costs.
- Trained finance team members on best practices and new regulations, fostering a culture of continuous professional development within the department.
- Implemented robust compliance measures to ensure adherence to regulatory requirements and industry standards.
- Managed complex multi-currency transactions, mitigating exchange rate risks and ensuring timely settlements.
- Coordinated tax planning strategies with experts from relevant jurisdictions to minimize the company''s tax liabilities.
- Safeguarded company assets by establishing strong internal controls and procedures for accurate financial reporting.
- Developed comprehensive budgets in collaboration with department heads, facilitating better resource allocation decisions.
- Improved cost efficiency through meticulous analysis of financial data and identification of areas for potential savings.
- Collaborated with external auditors during annual audit processes, ensuring timely completion and accurate representation of the company''s financial position.
- Strengthened financial control by implementing rigorous internal audit processes and risk management strategies.
- Negotiated favorable terms on credit facilities from banks, securing access to funds as needed for business growth initiatives.
- Established policies governing treasury activities to enhance liquidity management capabilities while minimizing exposure to market fluctuations.
- Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures.
- Reviewed documents and data to give accurate presentations and forecasts to upper management.
- Managed payroll data entry and processing for 13 employees to comply with predetermined company guidelines.
- Managed daily financial functions in collaboration with accounting and payroll personnel.
- Prepared balance sheets, cash flow reports and income statements.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Created and distributed reports on internal and external finances, audits, and budgets.
- Accurately completed financial statement audits and thoroughly reviewed results.
- Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
- Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
- Provided treasury and cash management by overseeing reconciliation of banking activity, credit card processing, and sales tax returns.
- Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards.
- Developed strategic plans for day-to-day financial operations.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Complied with established internal controls and policies.
- Established internal audit procedures to validate and improve accuracy of financial reporting.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Conducted financial due diligence on potential investments and acquisitions.
- Utilized financial software to prepare consolidated financial statements.
- Evaluated and negotiated contracts to procure favorable financial terms.
Zonal Credit Manager
Development Credit Bank Limited
05.1989 - 09.1998
- Self-motivated, with a strong sense of personal responsibility.
- Excellent communication skills, both verbal and written.
- Proven ability to learn quickly and adapt to new situations.
- Skilled at working independently and collaboratively in a team environment.
- Worked well in a team setting, providing support and guidance.
- Passionate about learning and committed to continual improvement.
- Managed time efficiently in order to complete all tasks within deadlines.
- Assisted with day-to-day operations, working efficiently and productively with all team members.
- Worked effectively in fast-paced environments.
- Worked flexible hours across night, weekend, and holiday shifts.
- Demonstrated respect, friendliness and willingness to help wherever needed.
- Strengthened communication skills through regular interactions with others.
- Paid attention to detail while completing assignments.
- Adaptable and proficient in learning new concepts quickly and efficiently.
- Organized and detail-oriented with a strong work ethic.
- Learned and adapted quickly to new technology and software applications.
- Resolved problems, improved operations and provided exceptional service.
- Proved successful working within tight deadlines and a fast-paced environment.
- Used strong analytical and problem-solving skills to develop effective solutions for challenging situations.
- Participated in team projects, demonstrating an ability to work collaboratively and effectively.
Group Accountant
Scintific Fertiliser Company Limited
05.1984 - 02.1987
- Reduced month-end closing time with efficient organization and prioritization of tasks.
- Collaborated with external auditors to facilitate timely completion of annual audits, maintaining a strong professional relationship.
- Played an integral role in successful mergers and acquisitions by conducting thorough due diligence reviews and providing insightful recommendations.
- Improved cash flow management through diligent monitoring of accounts receivable and payable balances.
- Enhanced financial reporting accuracy by conducting thorough monthly reconciliations and adjusting journal entries.
- Resolved complex accounting issues by utilizing technical expertise gained through years of experience and professional development.
- Analyzed financial statements, identifying trends and areas for improvement to inform strategic decisionmaking.
- Handled day-to-day accounting processes to drive financial accuracy.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Gathered financial information, prepared documents, and closed books.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Trained new employees on accounting principles and company procedures.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
Education
CPA - Accounting, Finance And Tax
CPA Australia
Australia 04.2001 -
Chartered Accountant - Accounting, Taxation, Law
ICANZ
Auckland, NZ 04.2001 -
MBA - Marketing Management And Research
Institute Of Marketing Management
Hyderabad, India 04.2001 -
M.Com., - Accounting And Finance
Osmania University
Hyderabad 04.2001 -
B.Com., - Accounting And Finance
Sarada College, Vijayawada
Nagarjuna University 04.2001 -
Skills
Cash Flow Management
Cost Control
Internal Controls
Investment Analysis
Working capital management
Audit management
Mergers and Acquisitions
Stakeholder Management
Debt management
Revenue Recognition
IFRS Compliance
Financial reporting and analysis
Profitability analysis
Audit Coordination
Strategic Planning
General ledger accounting
Risk Management
Budget Planning
Compliance Monitoring
Internal controls implementation
Investment Management
Financial Planning
Business Forecasting
Financial Forecasting
Stakeholder Communication
Teamwork and Collaboration
Problem-Solving
Time Management
Problem-solving abilities
Multitasking
Financial analysis and reporting
Multitasking Abilities
Excellent Communication
Decision-Making
Planning and coordination
Self Motivation
Time management abilities
Adaptability and Flexibility
Financial Reporting
Effective Communication
Team Collaboration
Staff Management
Team building
Problem-solving aptitude
Analytical Thinking
Financial Management
Staff Training
Goal Setting
Additional Information
Actively associated with social work and appointed as a Justice of Peace for New Zealand by NZ Government. Acting as a honorary auditor for several charitable oraganisations
Interests
Timeline
Director of Finance
CP Group of Companies
02.2015 - Current
Managing Director
TAS NZ LIMITED
03.2003 - Current
CPA - Accounting, Finance And Tax
CPA Australia
04.2001 -
Chartered Accountant - Accounting, Taxation, Law
ICANZ
04.2001 -
MBA - Marketing Management And Research
Institute Of Marketing Management
04.2001 -
M.Com., - Accounting And Finance
Osmania University
04.2001 -
B.Com., - Accounting And Finance
Sarada College, Vijayawada
04.2001 -
Group Financial Controller
CP Group Of Companies
02.1998 - 02.2015
Zonal Credit Manager
Development Credit Bank Limited
05.1989 - 09.1998
Group Accountant
Scintific Fertiliser Company Limited
05.1984 - 02.1987
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