Manager Finance And Accounts
Macquarie Global Service
Total years of experience :15 years, 3 Months
• Engage key business partners and cultivate relationships across the Finance organization and Corporation with key constituency groups, such as Regulatory Reporting, Group Financial Reporting, Product Controllers, Market Operations, Treasury, Technology and Risk Management groups to facilitate completion of assigned deliverables and achieve expected results.
• Ensure adherence to SLAs, KPIs internal metrics & FMG EDT wide policies.
• Responsible for delivery of projects as well as transformation initiatives to enhance efficiencies.
• Develop & maintain effective and standard processes.
• Identify, document and maintain evidence supporting process and controls objectives.
• Prepare and analyze monthly balance sheet with substantiation and potential financial risk exposure.
• Perform MoM, QoQ and YoY Profit and Loss movement analysis and provide commentaries for material movements.
• Preparer Global Profit Split and Cost-Plus Allocation journals to comply Transfer pricing business models.
• Review month end Journals for accrual, provision and true up.
• Perform weekly control checks on Systems vs GL, SSTB, Interco and Suspense balances and ensure material breaks are cleared with same reporting month.
• Review various reconciliation reports, management packs and ad hoc reports.
• Analyze and create/amend new/existing product mapping to appropriate GL attributes to ensure correct flow into ledger.
• Responsible for Financial Reporting for Equity Derivatives & Trading business in areas of-
a. AASB7 Derecognition Disclosure
b. Secured Liability and Pledged Assets
c. Cash Collateral and Credit Enhancement
d. State PL & Trading Income submission with Commentaries.
• Take responsibility and ownership over the work performed within the team, ensuring adherence to the timelines and workplan while maintaining high quality deliverables.
• Analyze and prepare assigned daily and month-end account reconciliations relating to SYF-US payroll which include: a) Research and clear all payroll related suspense transactions b) Prepare daily and month-end journals to clear open items. c) Monitor and evaluate aspects of payroll related accounting activities.
• Perform special projects and other duties as assigned
• Support in implementation and upgrading of reconciliation tool and GL system
• Responsible for implementation and managing Concur Travel & Expense system at SYF-India.
• Responsible for ensuring billing is completed within set timelines. Billing activities include interaction with operations for inputs, validation of the same with SYF US functional managers, invoicing, monitoring of receipts.
• Review and approve revenue related accounting entries including monthly accruals.
• Ensure 100% compliance in filling MPR, QPR & APR reports with STPI Department followed by export regularization (FIRC Endorsement) with RBI.
• Ensure capitalization of assets in both US GAAP & IGAAP set of books, followed by tagging, and physical verification.
• Review monthly and quarterly Balance Sheet A/c reconciliations for Revenue, Fixed Assets, Travel & expense and SYF-India payroll related provisions.
• Completed documentation for developing SOPS relating to Revenue & Fixed Assets to meet IFC (Internal Financial Control) requirements and was also responsible for handling IFC audits in these areas.
• Simplify process and develop/define process control tools and matrix.
• Owner of Hyperion Account Reconciliation Manager Tool.
• Responsible for managing account reconciliation tool and publishing status report at global level.
• Closely work with Amazon's Central Accounting reporting team on Hyperion reconciliation application.
Key Responsibilities:-
• Responsible for Managing and reviewing end to end process of Accounts Payable, Accounts Receivable, Fixed Assets, General Ledger, and month end closing activities.
• Ensure 100% compliance with regards to statutory payments and reporting for TDS, Service Tax, VAT, Provided Fund, ESI, Professional Tax etc.
• Providing support to FP&A manager is Planning, Budgeting and analysis of variances thereon.
• Simplify process and and develop/define process control tools and matrix.
• Providing education and training to junior staff.
Highlights:-
Process Improvement Projects:-
1. AP vendor bill processing, payments & tracking mechanism
2. New software application implementation for FAR maintenance.
3. Digitizing & streamlining FT Billing process.
4. Document classification & management.
5. Online Discretionary Budget Tracking tool
Global Assignment at GE Money Servicing Philippines Inc., Manila, Philippines
1. Transition support for Account Reconciliation process
2. FAR Revamping
Identified & Developed Process Improvements for:-
1. E2E SSS Advance Payment & Reimbursement Online request submission & report tracking process
2. Automated system for query & resolution of Account Reconciliation Open Items.
3. Automated system for query, data submission & centralized data storage for Reconciliation supporting & back-up document.
4. Online process for submission & tracking cash & cheque receipts.
Highlights:-
A. Process Improvement Lean Projects:-
• Online Employee Recoverable foreclosure process ~ Jan-2011
• Online Employee Salary Advance application process ~ Jan-2011
• AP Digitization ~ Mar-2010
• Billing Calculation ~ Apr-2009
• Revenue Reporting & Reconciliation ~ Apr 2009
• Courier Dispatch Tracker ~ Mar 2009
• Configuration of AR Sales Report for IBS ~ Feb-2009
Achivement:-
• Expertise Silver Award in Aug-2012 for sharing expertise to the Manila team by atomizing processes and conducting trainings to the stakeholders
• Compliance Bronze Award in Jul-2012 for handling additional responsibilities for completion of stat. audit in time and in completion of S2G on STIR tool.
• Imagination & Courage Bronze Award in Oct-2011 for upgrading and revamping the finance support center by adding new features like employee can check there soft balance on-line, employees can now log in the finance SC for submitting on-line DD and submitting F&F DD from HR.
• Best Lean Award in May-2011
• Recognized in Mar-2011 with Lean ACE 7 Star certification for implementation of 7 Lean improvement projects.
• Rewarded in Nov-2010 for timely submission of STPI vs. FIRC reconciliation for the year 2005-06
• Selected as Knowledge Catalyst for coordinating training team for conducting various training throughout the processes in Sep-2010.
• Completed Lean Training & testing and awarded with Lean ACE 3 Star certification in Aug-2010
• Rewarded in Aug-2010 for successful Migration of Oracle systems to new GBS platform.
• Rewarded in Apr-2010 for the successful implementation of AP digitization project
• Rewarded in Apr-2010 as “Pillar of Process”.
• Promoted as Process Developer in Oct-2009
• Rewarded in Oct-2009 for the stretch demonstrated in taking up the Billing Vs FIRC reconciliation.
• Received team award in May-2009 for “Pillars of Support”
• Rewarded in Mar -2009 with Bronze Award for better performance, excellent support & continuous process improvement.
• Awarded in Jan-2009, for candid support in de-merger from one entity to a separate L.E. of client’s business & internal audit for the same.
• Awarded in Aug-2008 for Controllership & Excellent support during CAS audit of client’s business for F.Y. 2007-08.
Roles & Responsibilities:-
• Team handling in absence of supervisor.
• Providing supporting to team in completing their daily deliverables & resolving queries.
• Responsible for End-to End processing & auditing in AP, AR, GL & FA modules of Oracle 11i.
• Preparing monthly and quarterly Balance Sheet A/c reconciliations.
• Responsible for auditing of daily AP employee claim/reimbursement.
• Responsible for auditing of Vendor processing in absence of supervisor.
• Responsible for uploading reconciliations on T-REC tool.
• Responsible for approving Incoming invoices on IBS for payments.
• Preparing Revenue analysis on monthly basis.
• Prepare monthly STPI report and uploading on Support Central.
• Providing support in closing of books at every month end as per Indian & US GAAP.
• Preparing monthly MO file to upload GL Balances.
• Prepare IGAAP vs. USGAAP trial balance variance analysis on monthly basis.
• Providing support to auditors at time of STAT Audit & CAS Audit.
• Provide support in completing Tax Audit & Transfer Pricing report.
• Responsible for preparation of VIC input data for the team.
• Prepare monthly Dash Board and participate in dashboard calls with customers.
