Chaitanya Rayala

A proactive and detail-oriented Bookkeeper and Payroll Trainee with an MSc in Management (Finance) and hands-on experience in accounting within construction and telecommunication sectors. AAT Level 2 qualified and studying towards Level 3, I aim to deepen my understanding of the UK market. Passionate about collaborating within finance teams, I seek to enhance organizational processes through effective bookkeeping and payroll management.

Eligible to work in the UK until July 2026, I am eager to contribute to the accounting field.

Bookkeeper and Payroll Trainee | Future Connect Accountants (Chartered Accountants Firm), Birmingham, UK |

June 2024-Current

• Managed bank reconciliations and ledgers, implementing credit control strategies that led to a 20% reduction in outstanding receivables.
• Resolved 95% of accounts payable and receivable issues within one week through diligent reconciliation of supplier statements.
• Boosted tax submission efficiency by 25% by refining Making Tax Digital (MTD) processes on platforms such as Xero.
• Maintained a perfect 100% on-time submission record for TAX, NI, PAYE, RTI submissions, and pension schemes using Sage 50 Payroll.
• Enhanced financial coding accuracy by 15%, by addressing Nominal Codes, Chart of Accounts, and Tax Codes.
• Ensured timely and accurate settlements, reducing late payments by 15% and achieving full HMRC compliance.
• Processed weekly payroll with 98% accuracy, handling commissions and deductions efficiently.
• Streamlined the processing of P45s, starter checklists, and P60s, cutting processing times by 30% and speeding up invoice approvals through email attachments.
• Improved payroll report accuracy by 20%, compiling and distributing essential reports like P32 and Summaries for enhanced financial tracking.
• Handled payroll data with 99% accuracy, ensuring precise calculation of wages, bonuses, deductions, and hours worked.

Accounts Assistant | Kakarla Construction Company Private Limited, Hyderabad, India | Aug 2020 – Dec 2022

• Processed over 250 supplier invoices weekly using Xero, improving data verification processes and reducing processing errors by 20%.
• Monitored accounts payable and receivable, ensuring 100% timely payments and reducing late payments by 15%, which enhanced cash flow management.
• Enhanced reconciliation accuracy to 98% by completing daily and monthly control account checks and efficiently resolving discrepancies.
• Prepared financial reports and presentations with 100% accuracy for quarterly and annual meetings, leading to a 10% increase in service delivery efficiency through more informed strategic decisions.
• Conducted in-depth analyses that supported strategic business decisions, contributing to a record turnover of £4.3

million (430 million INR).

• Negotiated contracts with suppliers and subcontractors, securing a 15% reduction in supplier costs while aligning contract terms with financial objectives.

Accounts Intern | Innoviox Technologies Private Limited, Hyderabad, India | Sep 2019 - Jun 2020

• Prepared financial statements, streamlining monthly and quarterly reporting procedures, which boosted reporting efficiency by 20%.
• Developed and presented data-driven visuals, such as charts and graphs, for financial meetings, cutting preparation time by 15% and providing clearer insights for strategic decisions.
• Handled tax-related duties, including preparing tax returns and ensuring compliance while organizing essential financial documentation.
• Reduced manual data entry by 25% and increased reporting speed by utilizing Excel and ERP systems, optimizing workflow automation and reporting processes.

Master of Science: Management (Finance), 2:1 | Swansea University, Swansea, UK | January 2023 – March 2024

• Modules: Strategy (61%), Managing Financial Resources (93%), Principles of Corporate Finance (67%)
• Dissertation: ‘Finding the Perfect Customer – Analysing Companies that may need Working Capital support’.

Bachelor of Commerce: Finance, 2:1 | Bangalore University, Bangalore, India | June 2015 – June 2019

• Modules: Advanced Financial Accounting (75%), Financial Management (82%), Corporate Accounting (81%),

Costing Methods (74%)

• Awarded with Scholarship for excellent academic performance.