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Curriculum Vitiate
KARNA SITARAMAN
Address: Flat # 1501, Bhumika Residency, Sec # 20, RoadPali, Navi Mumbai -
410218, INDIA.
Cell no: +91 9930250111
email : karan.sitaraman@gmail.com
Finance Professional
Proficient support for smooth and competent functioning of the organisation ~ Management
reporting and holding responsibilities of efficient function of Finance, Accounts, Budgetary
controls, Logistics, Human resource, IT, Logistics and Administration.
Core Competencies
 Seasoned finance personnel with about twenty years of experience in diverse nature of
organisations. I have worked with Wipro of India, Voltas (with equal participation with Air
International, Australia), Bernecker & Rainer of Austria and presently with Valmet
Automation of Finland.
 Quality Management reporting, Efficient Costing system and in-depth Analysis of the affairs
are my core job content.
 Enhancing harmonious & uniform practices in processes & reporting with other group
companies. Good Exposure of International agreements and transactions. Management
reporting, organization building, managing multi-location teams and monitoring Finance
functions are my prime jobs. Ensuring get going and high motivational levels with low
iteration rates of team.
 Sound knowledge of process & practical approach of Order, Purchase, Production, Logistics,
Accounting, Finance and Reporting. A Result oriented experience for higher performance of
the team.
 Good Experience in Hyperion, SAP, Cognos, Lotus notes, Local ERP and Microsoft office.
 Managing team of Finance & Accounts, Information Technology, Human Resource and
Logistics.

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Career Scan
Director Finance & Admin.
Valmet Automation Private Limited, Mumbai, India - since Sept. 07.
A Global company having Head Quarters at Finland, dealing with Control Valves and Process
Automation with Life Cycle approach. I am located at Indian subsidiary situated at Navi
Mumbai.
Role:
Responsible for overall Management of Finance, Accounts, Taxation, Costing, Audit, Legal,
Capex, project account management and Administration of the legal entity in India. Recently
entrusted for the job of Business control of Asia Pacific and to lead the country controllers of
Asia pacific.
My profile includes:
 Evaluation and Preparation of Long term and Short term Top-line targets based on
Management must- wins, Sales team forecast and Market analysis.
 Planning for Manpower, infrastructure and working capital requirement.
 Making Budget for Engineering hour cost, Sales cost, Administration and Finance cost
that includes method of Historical cost and Zero base.
 Analysis of data and reporting top management about company performance and
outlook of the business.
 Project management
 Working capital and fund management including limit requirement and Debtor
collection measures.
 Development of ERP and change management for continuous improvement of the
processes and data capturing.
 Day to day bookkeeping for Order receipt, Purchase, Production, and Sales expenses.
 Management reporting on regular basis including ad hoc, monthly, quarterly and Yearly
basis.
 Bookkeeping & Accounting and as per Statutory Audit requirements.
 Project account management including work in progress, Project on completion
method. Provision for future expenses etc.
 Monthly / Yearly Returns for Statutory & Govt. bodies.
 Co-ordination with Sales team for Quotations & Orders, Engineering team for cost,
Hourly reports with Absorption variance. Import/export, LC/BG, Logistic and Account
receivable aspect with customer.
 Representation and Assessment of Transfer pricing, Customs, Income tax, Sales tax,
Excise and others with various statutory Govt. Departments.
 Secretarial aspects of Registrar of companies for Director’s report, Meetings, AGM etc.
 Fixed Asset management.
 Representing company for Legal matters.
 Payroll and Recruitment process.
 Business Control of Asia pacific, leading the Country controller of Asia (excluding China
and Taiwan)
Attainments:
 Implementation of process software ‘Udyog’ to take care of Order booking, Purchases,
Production, Engineering hours, Financial & Accounting and Reporting.
 Development of own team to take care of Finance and reporting.
 Successfully passed twice in sequence the Compliance test set by Metso Internal Control
team in one single go.
 Key Instrumental in setting up new office “Valmeto House” and combining then four Metso
units to one premise.

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 Introduction of Employee Handbook, Provident fund, Insurance and uniform practices of
Valmet Metso units.
 Active participant in Global Business Information system Implementation at Helsinki and
Europe. The tools used are M3 Lawson and Cognos.
Reporting pattern:
Reporting to Sr. Vice President- Finance & Admin located at Finland and reported by Finance &
Admin team at India and Asia Pacific.
Additional responsibilities: Leading the overall Country Management team that includes Sales
& Services, Quotation, Operations, and Factory. I was entrusted to lead the country
management team since country manager left the organisation end of last year 2013.
Achievements during short term of 9 months include:
A. Highest and Biggest order value.
B. Initiative for expansion / new factory.
C. Highest ever enthusiasm and motivation among employees.
Recent responsibilities: for the last one year, I am entrusted for the additional job of Business
Control of Asia Pacific (excluding China) that includes:
A. Leading Country controller of Asia Pacific.
B. Supporting Sales & Service management with analysis, suggestions and queries.
C. Actively participating in Strategic planning and budgeting.
D. Responsible for monthly reporting to HQ for Asia Pacific.
E. Motivating team and harmonisation of practices across Asia Pacific.
Commercial Manager
Bernecker & Rainer Industrie Elektronic gmbH, Pune, India – Feb 99 to Aug 07
The company is engaged in the Industrial Automation products ie. PLC, MMI, Drive & Motors
and related software. The company has five branches in India and having control office at
Pune.
Role:
Managing the entire commercial activities of the company. Holding responsibility of Finance,
Accounts, MIS, Imports, Logistics, Customs, Excise & Sales tax, Income Tax, Debt Collection
and Admin activities. I had a team of four people who assisted me to handle successfully the
commercial functions that includes:
Finance:
 Banking affairs including LC, BG, receipts & payment of foreign exchange.
 Arrangement & Disbursement of funds.
 External Commercial Borrowing documentation and related jobs.
Receivable Management:
 Arrangement of credit norms for the customers.
 Development of Customer Relationship.
 Billing, Receipts and follow-ups for clearance of outstanding.
Accounting:
 Preparation of Budget & Projected cash flow.
 Book keeping and monitoring expenses.
 MIS, Cash Flows and monthly P&L and various analysis.
 Excise, Sales tax, Income tax returns and related assessments.
 Audit requirement and Finalisation of Accounts.
Logistics:
 Custom clearance of imported / export materials.
 Analysis of ABC, Reorder level, Critical item etc.
 Overall Inventory management.

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Statutory requirements:
 Filling the various returns to various govt. agencies.
 Representing Company before various Govt. Authorities.
General office management:
 Employee Leave, Salary & Income tax etc.
 Office Renovation and general operation.
Attainments:
 Successful implementation of MM and FA module of SAP for the process and
reporting.
 A very smooth & efficient statutory compliance in the Eight years.
 Excise Audit completed without a single objection. I take it as great achievement
as nil litigation in excise proves your efficiency to a great extent.
 Order from Gatt valuation cell for non-payment of ‘Revenue Deposit’ at customs.
 Approval to keep 100% Forex earning in EEFC.
 Approval of ‘defect-proof’ accounting from European Auditors.
 Kept minimum ‘head count’ for commercial activities.
 Managed to Keep a minimum level of receivables. This being a serious concern
and keeping a very low receivable shows your financial strength.
 Handling the entire commercial activity for a long period project undertaken.
 The Inventory management is one of the challenging job for handling 2000 type of
components with lower Inventory and at the same time availability on demand.
 Reporting to the Managing Director of the Company and being reported by four
persons from Accounts, Stores & Admin.
Accounts Executive
Voltas Air International Ltd. Pune India – Apr 1997 to Jan 1999
Voltas Air International is a joint venture between Voltas Ltd and Air International of Australia
having equal equity participation. The company is engaged in the manufacturing of Transport
Airconditioners for cars, buses, railways and defence applications.
Role:
All the Finance & Accounts activities were undertaken by our team of Finance manager,
Myself and an Accounts officer. In addition to routine jobs of Accounts, I was entrusted to
a challenging job to prepare a project report for IDBI Bank Finance. Secured cash credit
facilities from BNP and Citi Bank. Preparation of three Technology transfer agreements with
Australian collaborator was one of the great opportunities to learn international business.
Accounts Executive
Wipro Ltd – Consumer & Lighting division, Aurangabad, India – Aug 1994 to Apr
1997
Wipro Ltd. Lighting Division is a well managed Diversified Company in various products. I was
working in it’s head office at Aurangabad for Lighting & Consumer goods. The company has
made good presence in Lighting and other consumer products.
Role:
Looking after Banking Affairs, Disbursement & collection of Funds from various Branches.
Entrusted additionally with product costing of Lighting products & MIS statements. The cost of
per unit of products are computed the very next day and reported to the President of the
Company.

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Academia
1989 Bachelor of Commerce from Ranchi University, India.
1991 Cost & Works Accounts (inter) from ICWAI, Calcutta, India.
Personal Dossier
Date of Birth : 2nd Jan 1968
Marital Status : Married; one kid of eleven years.
Linguistic Abilities : English, Hindi, Marathi.
Key Skill : Analytical, get goer, can take up jobs independently.