Ankit Jain

Handling E2E Finance and Accounts function with 80+ FTEs for US International, majorly responsible for –

• Leading F&A service delivery for captive as well as few third-party clients across business – Procure to Pay, Order to Cash, Record to Report, Pricing, Legal, Payroll, Resource Planning and Taxation.
• Identified a potential saving of $5Mn by monitoring revenue leakages vis-à-vis cost savings through apt resource planning at airport per flight departure, specific to Aviation Sector
• Initiated some projects including Right shoring, COE, team re-structuring by driving process standardization and consolidation across towers with business impact of $200k
• Managing operations by building daily internal controls including robust reporting, day-to-day touchpoints with Tower Leads, Weekly client cadences & process controls
• Identified process/sub-processes KPI’s, streamlined the calculation methodologies along with customer’s agreement on protocol document
• Established key performance indicators to track progress towards goals.
• End to end escalation and stakeholder Management by having regular governance with Client’s Finance Controllers, CFO’s etc.

Accenture is a Fortune Global 500 company, providing global management consulting and professional services firm that provides strategy, consulting, digital, technology and operations services.

My span was 240 FTE's, (TCV $150+ Mn) key responsibilities include:

• Set-up/Managing the end-to-end F&A process delivery - FP&A, RTR, PTP, OTC & Tax
• Functioned GPO to transform the processes across locations
• Managing ramp-up/new business, solutioning, due-diligence, workshops, and transition strategies
• Setting up controlled environment, deployment of RPA's and high-impact quality projects and reporting processes
• Managing finances and budgets, determining ways to reduce costs without sacrificing customer satisfaction
• Lead calls with high-end stake holders for effective service delivery
• Demonstrate ability to resolve complex issues and provide accounting solutions
• Lead, motivate and manage a team of finance professionals considering attritions, band progression, contingencies, and expectations
• Co-responsible with the Business Partner(s) over the integrity of financial and management reporting, and work to proactively advise them on the impact of accounting standards on different business scenarios
• Responsible to collaborate with the BP to ensure business requirements are captured and stakeholders are updated on the status of KPIs and on resolution of accounting and process issues.

IHG is an International Hotel Company that always tries to see the world through the eyes of others and operates 10+ different Hotel Brands across Globe.

Worked in diverse service delivery functions of Finance, Accounting, and Tax like Record to Report, Inter-company, Fixed Assets, Accounts Receivable (Reservation to Cash) and Indirect Tax Compliance of IHG Corporate offices and Hotels Globally in Asia, Middle East Africa, Greater China, Europe, and Americas Region.

Record to Report, Fixed Assets, and Inter-company Accounting

• Periodical closure of books of accounts
• Preparation of financial and management accounts which includes accruals and prepayments, revenue/cost, review, bonus, bad debts provisions, FA creation/depreciation, ledger scrutiny and analysis of material variances from budget and forecast
• Maintaining balance sheet integrity & identify risks and opportunities
• Support business managers with reporting, forecasting and cost analysis
• Compliance and maintenance of SOX controls

Indirect Tax compliance

• Preparation/Review of Indirect Tax returns like service tax, luxury tax, VAT, withholding tax, consumption tax, fringe benefits tax, goods and service tax for different markets as applicable
• Functioned as consultant for the business/processes that understand the transactions, giving them the E2E solution
• Tax positions on any new cost allocation set-up, any new structure to be set-up, new corporate office of IHG at any location etc
• Representing IHG before tax authorities in scrutiny assessments & Appellate proceedings
• Online filing and payments of all the respective taxes as above
• Liaising with tax authorities and Big 4's (as our consultants) in various countries, having regular catch up and tax update calls etc

Accounts Receivable (Reservation to Cash)

• Monthly contractual and miscellaneous billing to hotels based on their agreements
• Track and review of monthly trend of revenue to ensure that there should not be any revenue leakages
• Responsible for regular service delivery, monthly management reports, MIS, Global scorecards, DSO calculations, etc
• Bad debts provisioning, monthly closure of sub-ledger and management reporting

GENPACT is a pioneer in the BPO industry listed in NYSE with global footprints & serving customers across the Globe. It was previously known as GECIS, the service providing arm of General Electric.

Monthly Closing and Reporting of Accounts which covers-

• · Fixed Assets -Creation & depreciation
• · Handling the schedules for transfer, disposal, sale, addition etc.
• Purchase Orders - Review from Inception to Tail End
• Journals - Preparation of Financials. Balance Sheet Reconciliation - Reviewing the Integrity of Data
• Management Pack - Analyzing the Reports drawn from SAP (Monthly)
• Tax Pack - Organizing the data as per the requirements of HMRC (Her Majesty Revenue & Customs - U.K Taxation Department)

Worked with the Capital Market group of GE Capital which covers-

• Handled Complex Debt Securitization Accounting as per FAS-140 which includes performing GL Inter Company, Cash, Bank Reconciliations for activities within GE Capital
• Closing & Reporting Activities for Securitization transaction across organization
• Maintaining Documents as per SOX Requirements
• Preparation of monthly DAY2 Settlement for recording waterfall, amortization & IO Accretions

• Key responsibilities - Managing day-to-day activities relating to accounts & finance
• Preparation of final year-end accounts
• Individuals & Corporate Tax Returns and filing online tax returns of Individuals & Companies
• Management accounting for the clients
• Vat Computation and their reconciliations Preparing yearly budgets along with Balance Sheet and Cash Flow Statements for various companies
• Manages all the Deadlines of Accounts, Business tax, Individual tax returns
• Preparing Forecasts every month considering previous month's actual
• Accessing Helpdesk, which entails resolving queries over telephone and through E-mails.

Internal & Statutory Audits

• Handled Tax computation and Tax returns of individuals and Partnership concerns
• Performed various audits of companies, partnership firms and proprietorship firms
• Reconciliation of Bank Accounts
• Government Audit of Ministry of Shipping & Report thereon
• Finalization of B/Ss of various partnership firms
• General Ledger scrutiny, Debtors- aging and Ledger scrutiny, Creditors Ledger scrutiny
• Inventory valuation, Purchases, and sales checking
• Audit Reports of NHAI
• Audit of Hotel 'The Ashok', Chanakya Puri, Delhi & Report thereon

Stock Audits

• Calculation of Drawing power (DP) against stock as per terms of sanction letter
• Verification of securities and documentation against CC limit, term loans etc.
• Checking Stock registers, movement of stock and stock received on job work