Senior Manager - Finance Operation
Wipro Limited
Total years of experience :22 years, 11 Months
Areas of Expertise in Record to Report
1. General accounting and reconciliations (End to end GL activities)
a. Revenue recognition and analysis,
b. Accruals and provisions,
c. Fixed Asset accounting,
d. Inventory Management and Supply Chain Accounting,
e. P&L Analysis, Balance sheet Reconciliation (bank, cash, sub-ledger),
f. Inter-company Accounting,
g. Period closing & Group Consolidation,
h. Support to Audit,
2. Judgment-intensive activities - viz.
i. Budgetary Analysis including Forecast,
j. Variance Analysis.
k. Cash flow, Funds flow, treasury and Exception Management, Risk Analysis & Management,
l. Management reporting and MIS - (Financial Planning and Analysis) Can design effective reporting structure and methods.
m. Regulatory compliance and Taxation, Returns and remittance to various statutory authorities.
n. Initiatives and Suggestions for Automation & Improvements
Areas of Expertise in Procure to Pay
a. Determination of requirements, Vendor selection and Monitoring
b. Purchase Orders and supply chain management, Risk analysis and Management
c. GRN & Material accounting
d. Invoice verification, Payment Processing and analysis.
e. Expense accounting and Dispute resolution.
f. Accounts Payable reconciliation
g. Help desk and query answering.
Areas of Expertise in Order to Cash.
a. Customer order processing
b. Logistics and material supplies
c. Invoice processing and Collection
d. Cash and Bank Reconciliation
e. Debtors reconciliation
f. Customer Credit evaluation and reporting
Areas handled while working for HCL in FP & A
Revenue Management: Responsible for accruing revenue every month as per contractual and statutory regulations, currently managing $20.5Mn per month
Revenue Assurance: Reconciliation of revenue and reimbursable expenses with contractual terms and ensure 100% revenue accrual with no leakages
Budgeting and Forecasting: Preparing annual budgets and rolling forecast for next 6months after having detailed discussion with the sales and delivery teams about the current status of business in funnel.
MIS and Reporting: Reporting on a monthly basis the performance indicators by innovative and comprehensive reporting pack to give an overview of the business performance to the management with complete qualitative variance analysis
Margin enhancement and Cost Reduction initiatives: Analysing the project-level profitability for all customers in the SDU & providing inputs to project managers/Business unit heads on improving profitability by operational efficiency and reducing the avoidable cost
Project Costing: Evaluate deals up to $25Mn over the contract term and help Sales/Strategic Alliance group in preparing commercial section of the proposals/RFP responses
BR Management: Liaison between BR cell and account managers in managing the BRs and realising the long pending receivables
Customer Interface: Interact with customers in solving any billing/invoicing/BR related issues
Contract Management: Vetting legal documents, work contracts, MSA (Master Service Agreement). Review draft contractual agreements (Statement of Work) and providing inputs to finalize commercial terms & conditions
1. Managing overall accounting activities including preparation of all subsidiary books, general ledger & finalise all books of accounts.
2. Generating P&L accounts and Balance sheet, preparation of annual reports and responsible for finalisation with reconciliation of accounts & financial statements.
3. Monitoring compliance to the budgetary plans and conducting variance analysis.
4. Verifying operational efficiency levels & recommending cost control measures for improvements in profitability.
5. Job costing / product costing and pricing.
Finance Planning and Analysis, Client requirements, reconciliations & Confirmations, driving the corporate strategies to action, Debtors, Credit Control & Receivable Management, Branch Accounts Consolidation, Budgeting, Plan and Forecasting, Product Costing & Pricing, Working capital Management/Inventory Control, Finalisation of Accounts and audit, T D S/ Service Tax /Sales Tax & Assessments, Creditors Management & Payables accounting, Cash Flow and Treasury Management, Salaries and wages, Internal Audit.
M B A ( THREE YEARS POST GRADUATE DEGREE ) SPECIAL SUBJECTS ARE HOTEL MANAGEMENT, MARKETING AND DISTRIBUTION MANAGEMENT, FINANCIAL MANAGEMENT AND POSSESSING FIRST CLASS
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