SRINIVASA RAO KOLLA
Dar es Salaam
Summary
A dynamic professional with over 20 years of extensive experience across Finance & Accounts, Administration, Taxation and Audi, including 10 years in the FMCG sector and 3 years in FMCG Audit with the Bakhresa Group of Companies, Dar es Salaam, Tanzania. Assertive self starter. A natural team builder who can provide leadership and inspire trust. Practical and result-oriented management approach. Analytical and numerical skills. Problem solving and decision making capabilities. Highly organized and structured with professional work standards. Proficient in handling operations in compliance to the regulations laid by various governing bodies. Expertise in analyzing existing systems and procedures, preparing business plans, designing internal control systems, introducing improvements across functions, resulting in significant cost and time savings.
Overview
25
25
years of professional experience
Work History
EA to Chairman
Bakhresa Group - Food Division
01.2023 - Current
- Company Overview: This is under Bakhresa Group of Companies
- It is leading manufacturer of Drinking Water, Ice Cream and Fruit Juice Drinks, Carbonated Soft Drinks and extraction of pulps and juices from fresh farm fruits with revenue of over $200M in East Africa
- Developed and executed internal audit plans focusing on key risk areas specific to the FMCG industry
- Conducted operational, financial, and compliance audits to assess the effectiveness of internal controls and processes
- Ensured adherence to corporate policies, regulatory requirements, and industry standards
- Audited compliance with tax laws, labor laws, and health and safety regulations relevant to FMCG operations
- Evaluated storage practices and supply chain efficiency to minimize losses and optimize inventory turnover
- Identified financial, operational, and reputational risks unique to FMCG operations and suggested mitigation strategies
- Suggested process improvements to enhance profitability and reduce overheads
- Audited distributor and retailer operations to ensure compliance with contractual terms and pricing policies
- Analyzed sales patterns and identified irregularities in SKU performance or territory-wise sales reporting
- Prepared detailed audit reports, highlighting findings, risks, and actionable recommendations for management
- Designed and implemented robust internal controls to address process gaps in procurement, production, and sales
- Collaborated with department heads to address audit findings and implement corrective actions
- Conduct inventory turnover, SKU audits, or distributor compliance to demonstrate domain expertise
- This is under Bakhresa Group of Companies
- It is leading manufacturer of Drinking Water, Ice Cream and Fruit Juice Drinks, Carbonated Soft Drinks and extraction of pulps and juices from fresh farm fruits with revenue of over $200M in East Africa
Chief Financial Officer (CFO)
Bakhresa Group – Polysacks Division
01.2012 - Current
- Company Overview: This is a Subsidiary Company of M/s
- Said Salim Bakhresa & co Ltd under Bakhresa Group of Companies
- It is leading manufacturer of Polypropylene Bags with revenue of over $20M in East Africa
- Supervising and execution of day to day accounting function
- Developed improved business process to provide greater transparency, more accurate reporting and better identification of cost-saving opportunities
- Managed all accounting, payroll and financial reporting activities
- Continuous monitoring of key expenses; scrutinize the transactions, review and approval of payment process
- Closure of Financial Statements (monthly, quarterly, annually) together with preparation of MIS reports, providing financial results and performance reports to the top management
- Statutory returns, compliance with tax and regulations (PAYE, NSSF, VAT, Withholding Tax, City Service Levy, Provisional Tax and Annual Tax Returns)
- Successfully handled the audits conducted by Tanzania Revenue Authorities for Comprehensive Tax Audits
- Assisted in setting competitive pricing strategies for multiple SKUs
- Generated SKU-level performance reports to aid decision-making and improve operational efficiency
- Analyzed SKU performance to identify and phase out underperforming products while introducing high-demand SKUs
- Coordinating with Bankers: Credit facilities for working capital, Forex forward trading and Bank Guarantee’s., presentation of financial data, accounts and statements
- This is a Subsidiary Company of M/s
- Said Salim Bakhresa & co Ltd under Bakhresa Group of Companies
- It is leading manufacturer of Polypropylene Bags with revenue of over $20M in East Africa
Financial Controller
Mohammed Enterprises Tanzania Ltd.
01.2007 - 12.2011
- Company Overview: Mohammed Enterprises Tanzania Ltd is one of the leading groups in Tanzania and manufacturer of Sisal & Tea
- The company is having 6 Sisal Estates and 3 Tea Estates under division of Agriculture
- Agriculture Division exports sisal & tea to various countries apart from indigenous consumption
- Preparation of Monthly Budgets on various aspects like finance, CAPEX, Weeding & Pruning etc
- Interacting with vendors for the office procurements, maintenance contracts, etc
- Financial Planning & Funds Management of Each Estate on fortnight basis
- Preparing MIS reports, computation & analysis of monthly reports for sales, direct and indirect overheads, fund management, cost control, profitability etc
- Running the distribution fleet, procurement and organizing the maintenance etc
- Liaising with authorities like Sisal & Tea Boards
- Implemented internal controls wherever necessary and involved in internal audits
- Mohammed Enterprises Tanzania Ltd is one of the leading groups in Tanzania and manufacturer of Sisal & Tea
- The company is having 6 Sisal Estates and 3 Tea Estates under division of Agriculture
- Agriculture Division exports sisal & tea to various countries apart from indigenous consumption
Finance Manager
GER Vasavi Group of Industries
01.2000 - 12.2007
- Maintaining statutory books of accounts, reconciliation statements, financial statements (monthly & annually) and annual reports in compliance with time & accuracy norms
- Reconciliation of customers and agents accounts
- Monitoring the debt collection process
- Periodical preparation of Accounts Receivable Statements and their reviews
- Liaising effectively with Banks for matters pertaining to fund management - short term and long-term capital requirements
- Preparation of the reports to the bankers, submitting the following financial info: Monthly Stock and Debtors Statements, Quarterly Financial Follow-Up Reports (F.F.R), Credit Monetary Arrangement (CMA) Data
Education
Master of Business Administration - Finance
Bachelor of Laws -
Degree of Bachelor of Commerce - Taxation & Management Accounting
Diploma in Computer Applications -
Skills
Time management and multitasking
Adaptability and flexibility
Creativity and innovation
Initiative and self-motivation
Academics
- Master of Business Administration (Finance)
- Bachelor of Laws
- Bachelor of Commerce with specialization in Taxation & Management Accounting
- Diploma in Computer Applications
- Proficient with MS-Office Tools & TALLY ERP & Orion ERP Accounting Packages
Experienceprofile
- Bakhresa Food Products LTD, EA to Chairman, This is under Bakhresa Group of Companies. It is leading manufacturer of Drinking Water, Ice Cream and Fruit Juice Drinks, Carbonated Soft Drinks and extraction of pulps and juices from fresh farm fruits with revenue of over $200M in East Africa.
- Bakhresa Group – Polysacks Division, Chief Financial Officer (CFO), This is a Subsidiary Company of M/s. Said Salim Bakhresa & co Ltd under Bakhresa Group of Companies. It is leading manufacturer of Polypropylene Bags with revenue of over $20M in East Africa.
- Mohammed Enterprises Tanzania Ltd, Financial Controller, Company Profile: Mohammed Enterprises Tanzania Ltd is one of the leading groups in Tanzania and manufacturer of Sisal & Tea. The company is having 6 Sisal Estates and 3 Tea Estates under division of Agriculture. Agriculture Division exports sisal & tea to various countries apart from indigenous consumption.
Employmentprofileindia - Financeandaccounts
- Maintaining statutory books of accounts, reconciliation statements, financial statements (monthly & annually) and annual reports in compliance with time & accuracy norms.
- Reconciliation of customers and agents accounts.
- Monitoring the debt collection process. Periodical preparation of Accounts Receivable Statements and their reviews.
- Liaising effectively with Banks for matters pertaining to fund management - short term and long-term capital requirements.
- Preparation of the reports to the bankers, submitting the following financial info: Monthly Stock and Debtors Statements, Quarterly Financial Follow-Up Reports (F.F.R), Credit Monetary Arrangement (CMA) Data.
Personal Information
Date of Birth: 08/17/77
Organizationaldetails
- 01/01/23, Bakhresa Group - Food Division, Tanzania, EA to Chairman
- 01/01/12, Bakhresa Group – PP Bags Divn, Tanzania, Chief Financial Officer
- 01/01/07, 12/31/11, Mohammad Enterprises Tanzania Ltd, Tanzania, Financial Controller
- 01/01/00, 12/31/06, GER Vasavi Group of Industries, India, Finance Manager
Timeline
EA to Chairman
Bakhresa Group - Food Division
01.2023 - Current
Chief Financial Officer (CFO)
Bakhresa Group – Polysacks Division
01.2012 - Current
Financial Controller
Mohammed Enterprises Tanzania Ltd.
01.2007 - 12.2011
Finance Manager
GER Vasavi Group of Industries
01.2000 - 12.2007
Bachelor of Laws -
Degree of Bachelor of Commerce - Taxation & Management Accounting
Diploma in Computer Applications -
Master of Business Administration - Finance
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