Ashwini B
Bangalore
Summary
Accomplished Senior Finance Specialist with a proven track record at ABB Global Business Services, adept in General Accounting and People Management. Spearheaded the successful implementation of CFIN system, enhancing operational efficiency. Excelled in BS Accounts Reconciliation and General Ledger, demonstrating a confident approach in leading teams and standardizing processes for optimal financial reporting.
Overview
15
15
years of professional experience
Work History
Senior Finance Specialist
ABB Global Business Services
01.2024 - Current
- Joined as part of New project FTOM & transition of Italy region
- Completely involved in KT sessions, meetings, calls related GA process activities & Reporting
- Prepared SOPs on Monthly, Quarterly & Yearly activities and getting approvals from management & documented the same
- Performing SOX & Controls as per the guidelines to make sure there is no deviation or miss in accounting steps & procedures followed in recording the accounting entries
- Reporting Financial and Non-Financials in Hyperion-Abacus tool on monthly and quarterly
- Performing Disclosure reporting on quarterly
- Review & Processing of JEs in Trintech Candency tool which includes setting up of Recurring JEs, Accruals, Prepaid, Provisions and Cost center reclass etc
- Reconciling GA ledger accounts & Balance sheet Reconciliation in Trintech Cadency tool
- Preparation of Financial Reports in compliance with internal guidelines & procedures and external regulatory requirements
- Engaged in online training programs like Group Lean Six Sigma White Belt Training, Journal Entry Policy & The Importance of Risk and Internal Control Management, etc
- Successful implementation of CFIN system from source P10 SAP
- Handled critical activity with regular contact with transition team and simplified the process
- Helping team members in the process to overcome challenges (errors/ issues)
- Actively participating in Fun games, cultural activities & team building activities
Senior Financial Associate
ALSTOM TRANSPORT INDIA LIMITED
03.2022 - 01.2024
- Handled finance process transition and stabilization at GFC Bangalore
- Worked for Europe region countries - UKI, Italy & Norway
- Monthly Service review calls with clients, preparation of MOM and reports to management
- Maintaining FA register, depreciation, capitalization
- Monthly & daily activities like ATweb Hedging, Current account transactions and Bank open items clearings are performed on timely & accurately
- Monthly Reporting, GAAP clearing, Project settlements are performed as part of Month end activities
- Performing revaluation for foreign currency transactions and posting realized gain/loss entry for the period
- Performing GRIR reconciliation and close follow up with AP and AR team to clear aged transactions
- Preparation & review of bank Reconciliation and prioritizing clearing unreconciled bank transactions
- Preparation and review of Balance sheet reconciliations, identifying risks and opportunities on the balance sheet
- Close follow-up with internal and external stakeholders for aged transactions within balance sheet
- Review of Accruals & Prepaid schedules received from site controls to have a complete details which help in preparation of Reconciliation
- Maintaining Period management and preparing the Monthly closing calendar to ensure not to miss any activities and keep clients updated on the activity tracker
- Adhering to the KPI metrics timelines by recording the Journal entries within TAT and preparing/ submission of Reconciliation on time (WD 10)
- Complying to internal controls, supporting external and internal audit
- Complying to IFRS and companies’ standard policy (RAM) and practices
- Certified on Six Sigma Yellow Belt by Coursera
- Completed Intermediate Excel Training and received the certificate on the same
- Attended 2 days BS Reconciliation deployment workshop organized by UK Region Accounting Director
- Given classroom sessions/ Training on process flow as SME
Process Lead
Capgemini India Pvt Ltd
01.2018 - 12.2021
- Track record of consistently meeting set SLA targets improving business processes and service levels to achieve increased productivity and operational efficiency
- Worked for Fixed Assets & handling General Ledger activities as core team member
- Adhered to the zero based controls for all the R2R activities
- Adhered to the quality metrics set by the client
- Maintaining and monitoring the Issue log for all the activities and discussion of the same in monthly governance meetings with clients deriving the action plans for clearing the issues
- Process knowledge acquired during my tenure
- Fixed Assets Process: Projects, WBS Master Data Creation and Budgeting
- Budget Vs Actual Analysis in Capital Expenditure
- Asset Master Data Creation and maintenance
- Capitalization, Disposals, Transfer and Asset transactional
- Depreciation Posting
- Fixed Assets movement analysis
- Reconciliation of 3 Way Match of all Fixed Assets transactions in Asset Register → Legal Books → Reporting Books
- Journals: Preparing and reviewing the journals which are related to: Depreciation reclass, Offset clearing, Prepayment amortization, GL account and Cost center reclass journals, WBS and AUC movement journals
- Account Reconciliations: Prepayment account reconciliation, Accrued liability and provision accounts, Bank account reconciliation, SL Vs GL accounts, Provision for Loss on Disposals, Scrapping cost and first movement cost reconciliation
- Financial reporting activities: Going through the Reporting Instructions and preparing the Monthly Time Table for the FR Submission with the Due dates and time
- Monthly depreciation simulation and reconciliation
- Resource and Shift Planning of the team to ensure that the deliverables are completed accordingly to the respective country time
- Ensuring all the Pre Checks have been completed by the team and getting the necessary rectifications been done by the respective team
- Guiding the team in understanding the SCOA Validation Rules and helping them to fix the failed validations if any
- Reviewing the MT Analysis been prepared by the team and sending the same to country to get the necessary reclass entry been posted
- Ensuring that the Financial Reporting is been completed on time with the 100% accuracy
- Maintaining the Issue Log and discussing the same with the team in the Monthly Meetings
- Having a Monthly call with the Country and OC team before the Month Closing
- Reviewing the ERP Vs FR Submission Reconciliation before the same is been sent to Country and OC team
- Sending the Status Update during the FR Submission to all the Country/OC SPOCs
- Trail balance review: For all the balance sheet accounts on a monthly basis before the Month end close and following up with the clients if any entries in balance sheet accounts are missed out and understanding the entries from the clients if necessary
- General Ledger: As per the chart of accounts financial transactions, account balances and accounting periods are maintained
- Activities includes Accruals, Recurring entries, Amortization, Prepayments, Reserves & Provisions, Short term deposits, CWIP accounts etc
- Which involve all the financial activities for correct data maintenance in the Company books
Finance Associate IV – Financial services (R2R, Reconciliation, FA)
DXC Technology formerly known as HPE (Hewlett Packard Enterprise) Pvt Ltd, GFS India
10.2009 - 01.2018
- Responsible for ensuring functional and operational efficiency through routine process reviews, Daily Dashboards and Productivity
- Ensure asset life cycle activities from capitalization, asset maintenance to retirements are captured and accounted as per US GAAP and Indian GAAP requirements
- Preparing Expense Reports monthly & Capitalization report
- Ownership of strengthening Client’s Balance Sheet reconciliations through aged item analysis, open item reduction, besides initiatives to control exposure to Client’s Profit and Loss account
- Initiates and facilitates knowledge sharing sessions within the team and across the engagement, and can impact and influencing others, recommends and implements process improvements in procedures of team assignments, recognizes problems within scope of responsibilities, identifies options and solutions and implement solutions
- Reviewing and posting month end accrual entries
- Calculate depreciation forecast and distribute it to related stake holders
- Expense reporting and analysis by Business Unit, Cost Center and Account Codes
- Review and post all critical and Material MEC, QEC and YEC Journal entries
- Responsible for preparing and circulating Daily, Weekly, Monthly and Yearly reports to monitor and track Acquisitions, Retirements, Cost center changes, Asset adjustments, Expensing, Reclassing
- As a Process Associate & Senior Process Associate: Approval of Purchase Requisitions
- Accounting (US GAAP & Local Legal rules) for transactions such as: Internal Acquisitions, External Acquisitions, CWIP (Construction Work in Progress) Acquisitions, PC Refresh / Pooled Assets Management, Inter Company Billing between entities or countries
- On time capitalizations and expenses performed in accuracy which helped in maintaining 0 escalations
- Subject Matter Expert in Transaction Processing
- Posting Journal Entries every month in SAP
- Maintaining Lead time less than or Equal to 18 days for all Clearing accounts
- Maintaining TAT (Turnaround Time) on all AMR requests, PR approvals and responding for GMB mails
- Following & Applying US GAAP in the process as its US base company
- Projects: Reconciliation: Standardization of Balance sheet reconciliation which includes Grouping of G/L accounts, Reconciliation frequency, preparation of Global Reconciliation template and Global Control sheet, clearing the historical / unidentified open items
- Actively involved in HPE to DXE migration
Education
Bachelor of commerce -
B.M.S College for Women
Bangalore06.2009
Skills
- General Accounting
- BS Accounts Reconciliation
- Fixed Assets
- General Ledger
- People Management
- Standardization
Hobbies and Interests
- Cooking
- Listening to music
- Painting
Awards
- Best Performer Awards for FY’11 Q3, Q4 & FY’12 Q2
- Best Team Award in FY10 Q4
- Best Team Award for completing Physical Inventory Successfully for FY’16.
- Best Performer award received once in FY’18 and twice in FY’20.
Personal Information
- Total Experience: Versatile and accomplished professional offering over 11+ years of experience in Finance & Accounts.
- Father's Name: R. Balakrishna Rao
- Date of Birth: 10/31/88
- Marital Status: Married
Timeline
Senior Finance Specialist
ABB Global Business Services
01.2024 - Current
Senior Financial Associate
ALSTOM TRANSPORT INDIA LIMITED
03.2022 - 01.2024
Process Lead
Capgemini India Pvt Ltd
01.2018 - 12.2021
Finance Associate IV – Financial services (R2R, Reconciliation, FA)
DXC Technology formerly known as HPE (Hewlett Packard Enterprise) Pvt Ltd, GFS India
10.2009 - 01.2018
Bachelor of commerce -
B.M.S College for Women
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