Arun Kumar Prasad
Bangalore
Summary
Experienced General Ledger (GL) Team Lead with over a decade of expertise in Record to Report (RTR) processes. Highly skilled in driving efficiency and accuracy in Month-End Close, Fixed Assets Management, Lease Accounting, Intercompany Recons.
Overview
11
11
years of professional experience
Work History
General Ledger Team Lead
LKQ India Pvt Ltd
Bengaluru
05.2024 - Current
- Implemented streamline process by effectively training new team members amidst transitioning from onshore position
- Reviewed and authorized manual journal entries made by team members in the ERP
- Reviewed and ensured team members performed proper reconciliations before uploading to Archer tool
- Ensured timely completion of all daily and month end close activities and validated checklist for sign off.
- Organize BPR, MPR & Governance call with Internal and Onshore Team and discuss the process issues and highlight the month end close challenges if any.
- Conducted performance appraisals for team members, providing feedback and identifying areas of improvement.
- Organized regular meetings with all stakeholders to ensure clear communication between departments.
- Identified opportunities for process improvements, implementing changes when required.
GL Analyst
LKQ India Pvt Ltd
Bengaluru
08.2021 - 04.2024
- Managed and executed monthly closing cycle within assigned deadlines for multiple activities and entities
- Ensuring completion and accuracy of general ledger entries within specified timeframes
- Responsible for gathering payroll team information, preparing and posting payroll accrual journals, and releasing accruals upon payment completion
- Conducted monthly bank reconciliation ensuring timely posting of all transactions to general ledger before month-end
- Preparing monthly intercompany reconciliation and confirmation of AR and AP balances, and identifying the IC variances during the month. Preparing the necessary intercompany accrual/correction in the GL if variances are material and above the threshold limit.
- Handled intercompany queries and resolved issues within given deadlines.
- Coordinated and consolidated intercompany reconciliation files for multiple regions and submitted them to the Financial Controller for reporting in Cognos tool.
- Maintained accurate monthly fixed asset register and completed journal entries for Depreciation, Disposal, and Gain/Loss on sold assets
- Provided updated comments in variance analysis file based on observations made during review process.
- Prepared and updated monthly BS reconciliations, ensuring accuracy and timeliness.
- Consistently followed up with stakeholders to address open items and promptly resolve any issues.
- Successfully met deadlines for internal and external audit requests, along with fulfilling SOX Control obligations.
Process Lead
Capgemini Business services (India) Ltd
Bengaluru
02.2019 - 07.2021
- Reviewed journal entries in compliance with GAAP, encompassing Accrual, Allocation, Amortization and VAT among others alongside meeting the audit needs.
- Prepared Fx analysis reports and conducted variance analyses for P&L and Balance across multiple territories
- Provided detailed analysis and reporting on intercompany transactions in multiple territories
- Managed the calculation of depreciation and decommissioning expenses, ensuring accurate posting of entries in SAP. Conducted monthly reconciliation of fixed assets.
- Ensured accurate reconciliation and resolution of balance sheet accounts by providing appropriate attachments and tracking aged items.
- Generated internal management reports such as SLA’s, Ops report, Issue Log Tracker, RCA.
- Assisted team members by providing training and creating backups for critical activities.
Financial Analyst
Accenture Solution Pvt ltd
12.2014 - 02.2019
- Oversaw the creation and distribution of monthly cash call statements to JV partners, effectively tracking journals in SAP for on-time payment collection.
- Prepared billing statements for all operated ventures, calculated net positions, and shared with partners
- Streamlined and analyzed chart of accounts to ensure accurate reporting of all expenses.
- Prepared monthly financial statements including trial balance and commentaries on variances of line items
- Prepared and published Flash report pack for leadership team featuring Net income & Profit, Cash flow from operation, Working capital, and Cash surplus and deficit.
- Reviewed non-operated cash call with partner's budgets and actuals
- Conducted thorough review and analysis of billing expenses from operated venture, effectively managing journal posting in SAP.
- Co-coordinating with counterpart & driving month end activity status call with financial manager & controller.
Audit Associate
KPMG Global Services
10.2013 - 11.2014
- Verifying the financial statement like Balance sheet, Statement of Operation, Cash flow statement, Trial Balance for their mathematical accuracy
- Creating eGpa report for upcoming process for the next financial
- Part of ‘Control Group’ which does the second level verification to ensure 99.99% of accuracy is achieved on regular basis
- Preparation of Ad-hoc reports, Backlog reports & reporting for regions.
Transition
Accenture (Poland)
- Attended the end to end process training for Joint venture, Month end reporting
Education
Master in Business Administration -
ISBR Business School
01.2013
Bachelors in Commerce -
Marwari College
01.2010
Pursuing DIP IFRS -
Skills
- General Ledger Expertise
- Strategic Business Analysis
- Understanding IFRS 15
- IFRS 16 Reporting
- Internal Audit Management
- Fixed Asset Reporting
- Intercompany Account Reconciliation
- Balance Sheet analysis
- Financial Variance Analysis
- Finacc
- MS-Office
- Advance Excel
- SAP (S4) HANA
Keyskills
General Ledger and Business Analysis, IFRS 15, IFRS 16, Internal Auditing, Data Analysis, Cost analysis, MS-Office, Advance Excel, SAP (S4) HANA
Personal Information
Date of Birth: 08/10/89
Languages
- English
- Hindi
Awards
- Received “ Annual Leadership award” for 2023
- Received “Spot Award” award for the month of July 2023
- Received “Xtra miler” award for the month of December 2022
- Received “Outstanding Contribution in Delivery” award for the Q2 2020
- Received “Rising star” award for the month of July 2019.
- Received excellent service award for Q2 2018.
- Received Core Value Champion for the month of Nov & Dec 2017.
Languages
Hindi
First Language
English
Upper Intermediate (B2)
B2
Timeline
General Ledger Team Lead
LKQ India Pvt Ltd
05.2024 - Current
GL Analyst
LKQ India Pvt Ltd
08.2021 - 04.2024
Process Lead
Capgemini Business services (India) Ltd
02.2019 - 07.2021
Financial Analyst
Accenture Solution Pvt ltd
12.2014 - 02.2019
Audit Associate
KPMG Global Services
10.2013 - 11.2014
Transition
Accenture (Poland)
Master in Business Administration -
ISBR Business School
Bachelors in Commerce -
Marwari College
Pursuing DIP IFRS -
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