ANKIT SHARMA
Summary
Finance & Accounts professional with 15+ years of experience in R2R Accounting with extensive understanding of processes and structured methodologies in various systems including Oracle, HFM7 MPWR. Proficient in Account analysis, General Ledger accounting,and Invoicing. Expert in leading teams, innovating solutions, analysing processes & concepts, rapidly driving improvements by increasing productivity and efficiency
Overview
15
15
years of professional experience
Work History
Manager/Senior Manager
Optum
04.2024 - 01.2026
- Oversee end to end customer invoicing operations across contract types (T&M, FTE-Based, Fixed price, usage-based)
- Ensure invoices are raised accurately, on time and in compliance with contractual and statutory requirements
- Prepare and analyze detailed variance analysis on actual revenue vs. forecast, highlighting key drivers and trends, comparisons with Prior month, Budget and Forecast
- Review month end journal entry for revenue and consolidation & reconciliation of invoice with PS ledger
- Analyze the trends of the Key performance Indicators relating to financial and other metrics (revenues, FTE etc)
- Build dashboards to track revenue growth, leakage and realization
- Validated contracts, SOWs, milestones and billing inputs before booking
- Drive model transformation initiatives based on prevalent pricing models (FTE vs Value based Contracting)
- Collaborating with success partners and clients for reports/ invoice enhancements to drive better results
- Projects- Digitalization of invoices with movement to one month lag billing
- Redefining OGA revenue accounting (Introduction of new revenue accounts)
- Automation of Operations billing (FTE & PPT Models) using MPWR and Change Management process
Manager
Optum
02.2020 - 01.2024
Deputy Manager
Optum
10.2016 - 01.2020
- Ensuring month/quarter end closing of all sub-ledgers modules as per scheduled timelines
- Analysis of monthly & quarterly variances and identify reasons (Balance Sheet and P&L variation)
- Posting of journal entries including month end accruals, Prepaid amortization, Depreciation and monthly accounting reports
- Handling daily/ monthly blackline reconciliation – monitor and resolve open items in account reconciliation
Assistant Manager
AIG
08.2014 - 10.2016
- Prepare monthly GL vs Sub-ledger reconciliation and Statement of Accounts (SOA) for API and APAC entities
- Performing journal completeness after GOE close to make sure all GOE transactions are correctly booked under correct cost code/account code/LOB
- Review of Balance sheet reconciliations on a monthly/ quarterly basis
- Performing IDA allocation on a monthly basis
- Allocation of GOE under respective cost centres and seeks reimbursement from NY Corporate office through Inter-Department allocation process
- Preparation of Monthly Operating Report on monthly basis after GL close & subsequently submission to NY
- Preparing of SI pack on quarterly basis & different SI schedules to Financial statements in support of Trial Balance for quarterly NY submissions
- Preparing commentaries on quarterly basis for Balance Sheet and Income Statement explaining variances QTD and YTD
Finance Executive
HSBC
09.2010 - 07.2014
- As part of Month end reconciliations - Intercompany reconciliation, billing & settlements
- Proactively manage the month end closing process as per IGAAP and USGAAP
- Analyzing and preparation of journal entries for all accruals, provisions and reserves of receivables and payables for HSBC bank US
- Trend analysis including variance analysis and settlement of Inter-company account balances and record journal entries for payments
- Reconciling accounts receivable (A/R) and accounts payable (A/P) for the monthly activity and presenting debtors and creditors report for the aged items to management
- Preparing and sign off the Balance Sheet reconciliations from Assurenet
Education
CMA -
ICMA
01.2011
PGDBM/ MBA - Finance
ICFAI University
01.2009
B.COM (H) - undefined
Delhi University
01.2006
Skills
ERP
PeopleSoft
Oracle
MPWR
Blackline
Hyperion
Smartview
Ariba
Citrix
Timeline
Manager/Senior Manager
Optum
04.2024 - 01.2026
Manager
Optum
02.2020 - 01.2024
Deputy Manager
Optum
10.2016 - 01.2020
Assistant Manager
AIG
08.2014 - 10.2016
Finance Executive
HSBC
09.2010 - 07.2014
PGDBM/ MBA - Finance
ICFAI University
B.COM (H) - undefined
Delhi University
CMA -
ICMA
Profile Summary - Summary
- Record to Report (R2R) Excellence: end-to-end R2R experience including journal entries, intercompany reconciliations, GL closures, fixed assets, and management reporting
- Invoicing and Billing Oversight: customer invoicing operations and drive billing process standardization and automation
- Audit and Compliance: skilled in liaising with audit teams, preparing for interim and annual audits, and managing responses efficiently, ensuring timely and thorough audit processes
- Operational Transformation & Digital Enablement: Recognized for leading enterprise-wide transformation projects using RPA, Blackline and ServiceNow. Drove automation of journal posting, BS reconciliation template standardization, and workflow digitization, yielding significant FTE and cost savings
Transformation Projects
- Digital Tools Implementation: Implemented ServiceNow workflow for manual journal entry (MJE) posting
- Deployed RPA BOT for auto journal entry from ServiceNow to ERP
- BS Reconciliation Template Standardization: Standardized reconciliation templates
Academic Synopsis
- CMA (Cost and Management Accountant), ICMA, 2011
- PGDBM/ MBA (Finance), ICFAI University, 2007-2009
- B.COM (H), Delhi University, 2006
Technical Skillset
- ERP PeopleSoft
- Oracle
- MPWR
- Blackline
- Hyperion (Smartview)
- Ariba
- Citrix