Binoy Balan

Manager – Finance & Accounts | Financial Reporting | Compliance | Budgeting

Chennai, Tamil Nadu, India

About

💼 Finance & Accounts Manager with 16+ years of experience in the service and logistics industry, currently associated with Freight Systems India Pvt. Ltd. 📊 Expertise in P&L analysis, revenue & cost control, GST & TDS compliance (Pan-India), cash flow management, audits, and financial reporting. Proven ability to manage AP/AR operations across multiple locations, ensure statutory compliance, and deliver accurate MIS and financial insights to support management decisions. 🤝 Recognized for strong stakeholder coordination, financial discipline, and process improvement, with hands-on experience in budgeting, cost optimization, and end-to-end finance operations.

Experience

  • Finance Manager at Freight Systems
    May 2022 - Present · 4 yrs 2 mos

    - Led revenue and cost analysis and prepared periodic P&L reports for senior management decision-making - Managed GST filings for 7 locations, including GSTR-2B reconciliation with books of accounts to ensure accuracy and compliance - Handled Pan-India TDS return filings and performed 26AS reconciliation, ensuring timely statutory compliance - Oversaw Accounts Payable operations on a Pan-India basis, ensuring timely vendor payments and effective cash control - Prepared and analyzed financial statements, budgets, and MIS reports, providing actionable financial insights - Ensured full compliance with financial regulations, statutory requirements, and internal controls - Managed end-to-end finance operations, with strong focus on cash flow planning and optimization - Coordinated and supported internal and external financial audits, ensuring smooth completion and zero major observations

  • Interem (13 yrs 2 mos)
    • Manager-Finance & Accounts
      Feb 2015 - Apr 2022 · 7 yrs 3 mos

      - Managed credit control operations, including monitoring customer outstanding balances and enforcing credit limits to minimize financial risk - Followed up on accounts receivable, improving collections efficiency and reducing overdue receivables - Prepared monthly AR/AP reports and shared actionable insights with management - Performed bank reconciliations to ensure accuracy of cash and bank balances - Handled PF, ESI, and other statutory compliances, ensuring timely filings and adherence to regulations - Executed inter-branch and inter-company reconciliations to maintain accurate financial records - Scrutinized job ledgers to ensure correct cost allocation and revenue recognition - Prepared MIS reports to support financial analysis and management decision-making

    • Asst.Manager-Finance & Accounts
      Mar 2009 - Feb 2015 · 6 yrs

  • Account Executive at GGL Line Pvt ltd
    Sep 2006 - Feb 2009 · 2 yrs 6 mos

    - Assisted in credit control activities, tracking customer outstanding and monitoring credit limits - Supported AR/AP operations and prepared basic monthly financial reports - Performed bank, inter-branch, and inter-company reconciliations to ensure data accuracy - Maintained job ledgers, cost tracking, and supported MIS report preparation - Assisted with statutory compliances including PF, ESI, and other regulatory requirements