MEGHANA J
No. 387,10th Cross 2nd Block Jayanagar, Bangalore, Karnataka 560011
Summary
Astute financial associate with over 6years of work experience looking forward to work in finance analysis, budgeting, control and planning. Detail-oriented, methodical and highly organized with excellent communication skills. Able to review and reconcile data and prepare presentations for both technical and non-technical personnel.
Overview
3
3
years of professional experience
2
2
Languages
Work History
Associate Project Financial Analyst
- Conduct monthly review and analysis of assigned projects, including review of revenue recognition, project performance variances, and unbilled/unearned positions
- Review and approve work movements and changes, and final remaining revenue adjustment for assigned projects
- Ensure project journal, write-offs, and financial adjustments are properly documented, reviewed and approved
- Prepare monthly reporting requirements for assigned projects, including unsigned contract opportunities, backlog, and other ad-hoc financial analysis as required
- Review and approve work movements and changes, and final remaining revenue adjustment for assigned projects
- Ensure project journal, write-offs, and financial adjustments are properly documented, reviewed and approved
- Monitor Unbilled, Write-off activity, Over the Limit and Contract Activation exception reports and resolve/escalate unusual activity
- Coordinate loading of payment schedule
- Review / reconcile loaded project payment schedule to ensure accuracy against contracted values and compliance to negotiated contract terms
- Coordinate configuration of Project and Contract modules, including assignment of Rate Sets / Plans to Activities, configuration of Contract Lines and establishment of Billing / Revenue Limits
- Review / monitor rate exception reports and coordinate resolution of rate issues in a timely manner with the Global Project Services Group
- Ensure review and completion of Project Check-off list throughout the project lifecycle (Activation, Configuration and Close-out)
- Monitor monthly compliance reports, to ensure timely reporting of revenue and billing deliverables by Project Manager
- Complete project close-out procedures and communicate Project Status Action to the Global Project Services Support Group
- Perform project level unbilled / unearned reconciliations as required
- Monitor Unbilled, Write-off activity, Over the Limit and Contract Activation exception reports and resolve/escalate unusual activity
- Complete assigned Monthly and Quarterly Sarbanes Oxley reporting requirements
Finance Associate
IBM India Pvt Ltd
Bengaluru, KA
08.2015 - 12.2018
- Contract reconciliation- involves assessment of cost of delivery, with respect to
- P% variance, in order to determine the contract profitability
- Working closely with Project Manager's and portfolio Managers
- Supporting US contracts
- Reconciling the billing of each contracts to ensure correct billings have flown
- Reconciling the cost for each contract
- Validation of cost and billing for each contract
- Validation of travel expenses for the contract and ensuring timely billing of the same
- Preparation of contract gross profit report, which details every detail regarding the cost, revenue for the current month and help compare the performance with that of the previous months
- Provide assistance to Project Managers by tracking the performance of the contract and suggesting them regarding performance of each contracts
- Monitoring additional or incorrect hours claimed to contract and moving them to right contract or right code which has effect on the contract on weekly basis
- Ensuring the hours are moved to correct billing and thereby reducing the time in delayed billing
- Daily report for tracker report to identify the status of completion of work
- Liaised between staff, customers and third parties to handle billing issues
- ACCOMPLISH-
- ENTS - Awarded Managers choice Award for showing personal interest - worked towards ensuring the pended billing to be of $0 for 2months
- Awarded Managers choice Award for Best practice - Unite it to get it done - worked effectively with the team in the hour of need and ensured reviewing of over 75 contracts every week, regarding recognition of revenue.
Education
Certified Management Accountant: Business Management -
Institute Of Management Accountant
BBM - Finance
Center For Management Studies
PUC - Commerce
Sri Bhagawan Mahaveer Jain College
Skills
Financial planning
Understanding of financial planning
Budgeting
Attention to detail
Documentation skills
Timeline
Finance Associate
IBM India Pvt Ltd
08.2015 - 12.2018
Associate Project Financial Analyst
Certified Management Accountant: Business Management -
Institute Of Management Accountant
BBM - Finance
Center For Management Studies
PUC - Commerce
Sri Bhagawan Mahaveer Jain College