Armugam A
Bangalore
Summary
Dynamic finance professional with proven leadership and exceptional analytical skills, honed at State Street Corporation and Meredith Corp. Expert in Oracle R12 and adept at client management, I've successfully handled portfolios up to 500BN assets, driving significant revenue accruals and enhancements in accounts receivables processes.
Overview
14
14
years of professional experience
Work History
Assistant Manager
State Street Corporation
10.2023 - 02.2025
- Provide support to key stakeholders of the team to present analytical results, findings
- Subject matter expert on particular accounting transactions
- Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactions
- Participated in or conduct a wide range of accounting and financial analysis on critical and complex issues which may include variance analysis and accounting transactions
- Participated in or manage function specific projects as needed
- Ensured completion of deliverables within the committed timeframe including assistance with development of deliverable plans, attending deliverable specific or recurring meetings between the team and the onshore team
- Collaborate with Revenue Operations (Billing) teams on initiatives, errors, new contracts, etc
Assistant Manager
State Street Corporation
11.2022 - 09.2023
- Responsible for accurate documentation of Requirements for GAO for the Client Cash process
- Role requires working with CSO BA to document, and taking the new process through IT releases and Client conversions, Also provide support to the Production process as required
- Assist tech writers with the required SOP's
- Good understanding of AR and Revenue related process
- Projects handled in the past with regards to process/system migration and new process/system set up will be advantage
- Prepare and update process narratives/procedures and flow charts
- Response to internal and external requests and inquires on AR and revenue process
- Participate in Ad Hoc projects and new transactions
- Perform user access reviews & certifications and UAT
- Oversight of Revenue team performing the following Accounting activities daily
- Monitor General Ledger activity for accuracy based on US GAAP rules
- Preparation of manual journal entries for accrual and adjustment revenue activities
- Cash application of receivables
Team Lead
State Street Corporation
04.2022 - 10.2022
- Provide support to key stakeholders of the team to present analytical results, findings
- Subject matter expert on particular accounting transactions
- Coordinate with onshore team / Accounting Policy to determine appropriate accounting treatment for complex transactions
- Participated in or conduct a wide range of accounting and financial analysis on critical and complex issues which may include variance analysis and accounting transactions
- Participated in or manage function specific projects as needed
- Ensured completion of deliverables within the committed timeframe including assistance with development of deliverable plans, attending deliverable specific or recurring meetings between the team and the onshore team
- Collaborate with Revenue Operations (Billing) teams on initiatives, errors, new contracts, etc
Emerging Lead
State Street Corporation
10.2018 - 03.2022
- Revenue Accruals under GAAP/IFRS revenue recognition principles
- Handling a large portfolio of 500BN Assets and 30MN revenue
- Revenue Adjustments and Intercompany Revenue
- Accounts Receivable; Billed and Unbilled (including aging’s)
- SOX Controls, Fee Reserve Analysis, Account Reconciliations & Certifications
- Monitoring Revenue Trend analysis & Processing of Client revenue
- Revenue Reversals in case of actual revenue is recognised when we receive the invoice
- Cash Applications for IFS North America & IFS Ireland
- Collaborate with Revenue Operations (Billing) teams on initiatives, errors, new contracts, etc
Analyst
Meredith Corp
08.2015 - 10.2018
- Company Overview: Formerly known as Time Inc
- Working in Accounts Receivable cash application
- Processing of ACH, Wires, Paper lock box cheques & Credit Card payments
- Credit card reconciliation for all credit card payments ie
- Visa, Master & American Express
- Working on the AR mailbox ie
- Process refunds, write offs for bad debts, Payment inquiries from the customers and the internal departments like collections, billing and credit risk teams
- Assisting the New York partners in case of future payments, prepayments for the recent and older deals
- Providing payment support to EY auditors for External auditing
- Working on the Cognos aging report on outstanding invoices
- Re-class of journal entries for various line of business for revenue transfers and adjustments
- Preparation of manual journal entries for accrual and adjustment revenue activities
- Formerly known as Time Inc
Accountant
Alshaya India Pvt Ltd
03.2014 - 08.2015
- Working with Oracle R12 applications for accounts receivables
- Responsible for maintaining the accounts receivable aging for Alshaya global
- Responsible for interfacing directly with our customers throughout the Middle East
- Responsible for ensuring the integrity of all financial data and transactions such as accurate and timely accounting of invoices
Process Associate
Capgemini Business Services
08.2011 - 08.2013
- Working with Cash-Applications in Oracle 11i
- Processing the ACH and Wire (Electronic Data Interface i.e
- EDI) Payments in Oracle apps 11i
- Processing of Paper Lock box cheque payments in Oracle apps 11i
- Receipt Applications & Handling customer email queries
- Advanced Research on Unapplied Cash & Unidentified Cash
- Resolve Customer Disputes & Customer Maintenance
- Involved in the client calls about the process huddles
- Preparing Bi-hourly status report, daily status report, daily audit reports, weekly status reports & exception Analysis reports & sending across the team
Education
Bachelor Of Commerce - Accounts
SSMRV College
Bengaluru01.2011
Pre-University College - Accounts, Statistics & Maths
Vijaya College
Bengaluru01.2008
S.S.L.C - NA
KNMM School
Bengaluru01.2006
Skills
- Leadership and Team handling
- Finance operations & reporting
- Accounts Receivables
- Cash Application
- Revenue Accruals and Accounting
- Oracle R12
- People Soft
- MS Office
- Analytical & Problem-solving skills
- Client & Customer Management
- Strong interpersonal & Communication
Accomplishments
- Successful US and Kuwait Transition for Accounts Receivable and Revenue Accounting process.
- Won the 'Well Done Award' for doing over and above on the improvement of accrual process.
- Won the 'Applause Award' for 'Deliver Results with Integrity and Speed' (Business Re-Org)
- Spot Award from the New York Partners for meeting the deadlines on time for month end.
Visa Details
US B1/B2 Visa, 08/01/17, 08/01/27
Languages
- English
- Hindi
- Kannada
- Tamil
Timeline
Assistant Manager
State Street Corporation
10.2023 - 02.2025
Assistant Manager
State Street Corporation
11.2022 - 09.2023
Team Lead
State Street Corporation
04.2022 - 10.2022
Emerging Lead
State Street Corporation
10.2018 - 03.2022
Analyst
Meredith Corp
08.2015 - 10.2018
Accountant
Alshaya India Pvt Ltd
03.2014 - 08.2015
Process Associate
Capgemini Business Services
08.2011 - 08.2013
Bachelor Of Commerce - Accounts
SSMRV College
Pre-University College - Accounts, Statistics & Maths
Vijaya College
S.S.L.C - NA
KNMM School
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