Ashwin Ranganath
Bengaluru
Summary
CPA and CMA professional with strong experience in financial accounting and reporting, I have developed a deep understanding of the intricacies of financial accounting and reporting. In addition to my financial Accounting background, I have also developed strong skills in stakeholder management and project management. I am experienced in collaborating with cross-functional teams and communicating effectively with stakeholders at all levels of an organization.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Lead Analyst
Lennox International
02.2022 - Current
- Implemented the Workiva tool for audit workpaper preparation, including setting up new process flows and training the team on effective tool usage.
- Enhance intercompany reconciliation processes using Hyperion, improving accuracy and efficiency in reporting.
- Strong background in US GAAP accounting to ensure accuracy, compliance, and consistency with accounting standards.
- Joint Venture Accounting: Manage the accounting and financial reporting for joint ventures, ensuring proper equity method application and consolidation procedures.
- Patent Accounting: Ensure proper accounting for patents, including capitalization and amortization,
- Prepare corporate allocations and ensure their accurate accounting and allocation across relevant departments.
- Prepare corporate segment reporting, including balance sheet flux analysis, Lennox balance sheet press release analysis, and search for unrecorded liabilities procedures.
- Identify and propose process improvements to streamline existing procedures.
Accounting Analyst I
Soroco India Private Limited
02.2021 - 02.2022
- Own end-to-end Order to Cash (O2C) cycle, ensuring smooth and efficient processing from order creation to cash receipt.
- Manage customer onboarding processes, ensuring compliance with relevant documentation and tax requirements, including government surveys and tax compliance.
- Prepare revenue schedules and manage revenue accounting in accordance with ASC 606, ensuring proper recognition and compliance with revenue recognition standards.
- Prepare financial statements in compliance with US GAAP, providing audit support and ensuring all disclosures and reporting requirements are met.
- Ensure proper accounting for patents, including capitalization, amortization, and impairment testing, in accordance with relevant accounting standards.
- Coordinate with Sales Directors and sales teams to finalize sales commissions, ensuring accurate calculations and timely payments.
- Provide audit support, including preparing workpapers and liaising with auditors to ensure efficient and timely audits.
Accounting Analyst
QuEST Global Engineering Private Ltd
10.2019 - 01.2021
- Implementation of Hyperion FCCS: Contribute to the successful implementation of Hyperion Financial Close and Consolidation System (FCCS), ensuring seamless integration of financial data, improving the close process, and enhancing reporting capabilities.
- Intercompany Accounting & Reporting: Responsible for intercompany reconciliations, reporting, and ensuring compliance across multiple entities.
- Accounts Receivable (AR) Reporting: Lead AR reporting processes, ensuring accurate and timely invoicing, collections, and reporting. Analyze AR aging reports, provide insights on overdue balances, and collaborate with the collections team.
- Fixed Asset Accounting & Reporting: Manage fixed asset accounting, including the accurate recording, depreciation, and reporting of assets. Oversee fixed asset schedules and ensure proper tracking and capitalization of assets.
- Audit Closure Support: Provide critical support during the audit closure process by liaising with auditors, answering inquiries, and ensuring all required documentation is provided promptly to facilitate a smooth and timely audit cycle.
- Hyperion Data Load & Intercompany Reconciliation: Defined and set up a new process for performing data loads into Hyperion.
Tax Analyst
Schneider Electric
12.2017 - 11.2018
- Preparation of GST Tax Returns: Prepare tax returns for two units of Schneider, ensuring timely and accurate filing in compliance with Sales tax regulations.
- Presentation to Senior Leadership: Present monthly MIS to group CFOs, BU controllers, and other stakeholders, providing insights on tax-related matters.
- Tax MIS Reporting: Prepare and present monthly tax MIS reports to business units, business controllers, and stakeholders, providing transparency on tax positions, liabilities, and credits.
- Tax reconciliations & Vendor Communications: Perform GSTR 2A reconciliations, ensuring that input tax credits align with vendor data, and handle vendor communications to resolve discrepancies and ensure proper tax treatment of transactions.
Education
Bachelor's of Commerce - Financial Accounting
Seshadripuram College, Bangalore University
Bangalore06-2015
Skills
- Advanced Excel
- Power BI
- Power Query, Excel VBA and SAP GUI scripting
- Hyperion
- Blackline
- SAP
- Oracle
Projects
Daily Sales Reporting
Lennox International
Established a Daily Sales Reporting dashboard for executive staff with key performance metrics.
This project was recognized with Q2-2024 Innovation Award.
Workiva Implementation
Lennox International
Adopted Workiva tool for preparation and consolidation of Audit workpaper.
Source to HFM template
Lennox International
Established a new reconciliation template for reconciling source ERP with HFM.
JE Upload Automation:
Lennox International
Lean Yellow Belt project that uses VBA and GUI Scripting and resulted in estimated 1200 hours savings per annum.
This Automation was recognized with Quarterly Innovation Award.
IC Reconciliation Report
Lennox International
Lean White Belt Project that resulted in 60 hours of time saving per annum.
Hyperion FCCS Implementation
QuEST Global
Participated in implementation of Hyperion FCCS and was a point of contact for Intercompany and hyperion loads.
Certification
Certified Public Accountant (CPA)
Washington State Board of Accountancy.
License credential: 56095
Cost and Management Accountant (CMA)
Institute of Cost and Management Accountants of India
License credential: 51466
Accomplishments
- Endowment award from ICMAI Bangalore Chapter for highest marks in Financial Accounting.
- LITC- Annual Individual excellence award 2023.
- LITC - Performer of the quarter Q1 2023.
- LITC - Quarterly innovation award Q2 2024 and Q3 2023.
Timeline
Lead Analyst
Lennox International
02.2022 - Current
Accounting Analyst I
Soroco India Private Limited
02.2021 - 02.2022
Accounting Analyst
QuEST Global Engineering Private Ltd
10.2019 - 01.2021
Tax Analyst
Schneider Electric
12.2017 - 11.2018
Certified Public Accountant (CPA)
Washington State Board of Accountancy.
License credential: 56095
Cost and Management Accountant (CMA)
Institute of Cost and Management Accountants of India
License credential: 51466
Bachelor's of Commerce - Financial Accounting
Seshadripuram College, Bangalore University
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