Akella Narasimham

Team Lead (Executive - P2P Operations)

Larsen & Toubro Ltd

Chennai

11.2019

Leading a Payables Team of 20 associates who handles verification & authorization of domestic & import invoices while processing
Creating and managing invoice coding spreadsheets that included pivot tables to be entered in ERP
Issuing & accounting foreign and domestic Letter of credit
Contributed to bill discounting with banks and account properly in our books along with interest
Interacting with vendors & clients daily for relevant statutory amendment and following up with IT Team for ERP change
Preparing GRIR & Creditor reinstatement, Open PO exposure, accounting Goods in Transit, GRIR clearing, GL reconciliation, Vendor reconciliation
Accurately entering Credit Memos and General Journal Entries in QuickBooks and Excel spreadsheets
Processing details of Custom duty / and Imports payment of the company
Managing the processing, distribution, accuracy verification and maintenance of invoices, interfacing extensively with a nationwide network of vendors and suppliers
Ensuring the smooth running of the Accounts Payable Department; supervising the month-end closing process and reconciliation of ledgers
Preparing and forwarding fortnightly/monthly reports and analyses to key senior managers in the business; ensuring that the Accounts Payable team replied to all queries in a timely manner and that all queries were dealt with correctly and efficiently
Developing and maintaining processes and systems for efficient processing of vendor invoices
Resolving issues with vendors, including past due and /or disputed invoices by research and communication within the company and the vendors
Managing workflow to ensure that all transactions were processed accurately and timely; ensuring timely payments to vendors as per the agreed credit period; supervising the reconciliation of Vendor Account on a periodic basis
Providing training to staff on electronic expense report processing; designed policies and procedures for creation, approval, and processing of Accounts Payable (AP)
Initiating the design and communication of a bi-weekly report to all Business Intelligence Managers that provided information on real time departmental expense in comparison to their budgets
Positively affecting cash on intercompany transfers by monitoring/transferring current cash balances in foreign currency accounts to prevent foreign exchange charges
Promoting cross-training throughout the Accounts Payable (AP) function by creating an internal training program focusing on improving business operations, policies and processes
Performing all assigned audits and assignments in accordance with the defined standards of Internal Auditing as well as department policies and procedures
Evaluating audit areas, developing comprehensive risk-based audit programs, recommending courses of action to improve controls, and formulating the audit report
Presenting findings and recommendations to senior management; establishing & developing effective business relationships with key members of management
Assisted with the initial formation of the department including establishment of the process methodology and risk based approach; standardizing formats for audit programs, work papers and reports.

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Team Lead (Executive - P2P Operations)

Assistant manager

Education

B.Com. -

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Assistant manager

Team Lead (Executive - P2P Operations)

B.Com. -

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