Umakanth Bhamidipati
Finance Professional
Dubai,DU
Summary
A chartered Accountant qualified from Institute of Chartered Accountants of India (ICAI) with 7 years of professional experience in industry (ITC Limited & Dabur International) and 3 years of Articleship with Price Waterhouse Coopers. A strong motivator and team player with effective leadership and interpersonal skills, together with a bottom-line focus and a results-driven attitude
Overview
10
10
years of professional experience
7
7
years of post-secondary education
Work History
Manager-Business Controller-SSA
Dabur International
Dubai, Dubai
04.2020 - Current
- Business Analysis on Performance including detailed analysis on Contribution, Production Cost, Marketing cost, Factory costs & Channel Profitability and Key insights on Business Performance
- Engagement with the Sales and Marketing teams to determine the pricing structure for products including margins, discount schemes
- Interaction with Operations, S&M Teams to finalize the Costing of new Products including assistance to the Executive Committee on Product Launch decisions
- Driving IT Projects-Automation of periodic reporting Formats and process/Control strengthening through IT Team
- Successfully explored cost/benefits from Internal Restructuring of various Subsidiaries and completed Internal merger of Nigerian subsidiary
Deputy Manager-Business Finance -Dairy Category
ITC Limited
Bengaluru, Karnataka
12.2017 - 04.2020
- Finance Leader for the Category since the Set Up-Closely engaged with the Business Team in Set Up of Dairy Business (Turnover started with 15 Crs INR and went to 350 Crs INR by Year 3)
- Driving the Processes and Controls for the new category by design of SOPs and implementation through continuous monitoring with the help of the Team resulting in Stabilization of Business
- Responsible for the SAP infrastructure setup for the "Fresh Dairy" segment which included key controls over Credit Monitoring, Credit controls, Daily Yields, Daily Sales and other key business reports on Overdue monitoring, Trade schemes tracking that has helped Business to sustain the fast pace of Growth
- Monthly Newsletters on Competition perspective / Competition Prices and engagement with Business on Counter Measures.
Assistant Manager-Finance
ITC Limited
Guntur, Andhra Pradesh
11.2014 - 11.2017
- Review and monitoring of period closure activities in accordance with laid down SOPs and reporting standards and handling of both Internal and Statutory Audits
- Key negotiations and validations for proposed engagements within the unit and finalization of contracts.
- Head In Charge for Commercial Taxes for the State's activities including Tax Planning/Tax returns/ Handling of Litigations of VAT/Service Tax.
- Successful Go Live of GST, Act in 2017. Discussion of Draft/ Impact assessment with consultant and Project completion
- Been a Key task Force member for ERP implementation Project for FI Module(Transition from Oracle ERP to SAP)
Article Trainee
Price Waterhouse-PwC
Hyderabad, Telangana
09.2011 - 09.2014
- Discussing with the Client management, various issues raised during the Assignment and resolving them before reporting.
- Ensuring adequate and appropriate documentation for the work performed and the conclusions drawn as per the firm’s documentation policies and procedures and drafting of the Audit Reports
- Ensuring quality of deliverables and implementing the recommendations made by the engagement managers during the review
Education
Masters - Finance And Accounting
Chartered Accountancy
Institute Of Chartered Accountants Of India 07.2010 - 08.2014
Bachelor of Accountancy - Finance And Accountancy
Bachelor of Commerce
Indira Gandhi National Open University-IGNOU 09.2010 - 09.2013
Skills
Business Partnering Lens with a Collaborative Mindset
Continuously Drive Business Insights and Analytics
Ability to Manage and cordially engage with Cross Functional Teams
Experience of Handling Multiple Businesses and multiple roles
Strong inclination towards Process/Control Building approach while facilitating Business Growth
Fast and Excellent in MS Excel
Timeline
Manager-Business Controller-SSA
Dabur International
04.2020 - Current
Deputy Manager-Business Finance -Dairy Category
ITC Limited
12.2017 - 04.2020
Assistant Manager-Finance
ITC Limited
11.2014 - 11.2017
Article Trainee
Price Waterhouse-PwC
09.2011 - 09.2014
Bachelor of Accountancy - Finance And Accountancy
Bachelor of Commerce
09.2010 - 09.2013
Masters - Finance And Accounting
Chartered Accountancy
07.2010 - 08.2014