Avinash Jite
Finance Professional
Kalyan,Maharashtra
Summary
Accomplished professional with a proven track record in high-volume transactions and expertise in reconciliation processes, including sub ledger vs general ledger, balance sheet, and intercompany reconciliation. Skilled at conducting thorough research, analyzing situations, proposing solutions, developing rapport, and meeting deadlines. Seasoned senior manager specializing in driving business growth and efficiency through strategic planning and implementation of key improvements. Known for fostering an open culture with a free exchange of information and seeking new challenges with a growth-oriented company.
Overview
26
26
years of professional experience
7
7
years of post-secondary education
4
4
Certifications
Work History
Senior Manager
Genpact Services
Pune
07.2023 - Current
- Managed Global Accounts Payable services of manufacturing entity comprises of multiple business segment (Electrical, Industrial, Hydraulics, Aero Space). The process consists of Invoice Processing, Month-end, sub-ledger closure, Balance sheet reconciliation, GRIR, Vendor reconciliation, Payment, Tax (TDS, VAT, GST, Clause 34) reporting & Reconciliation.
- Ensure consistent improvement in overall performance quality. Lead all monthly governance call and present health status of process, challenges, action plan to stabilize process. Role changed from operations to transformation and project role.
- Lead the Accounts Payable workflow design from operation end and supported technology for its smooth implementation.
- Leading EDI implementation project ~ saving of 5 FTE.
- Productivity of 2 FTE year 1 through excel auto index feature
- Categorized as critical process leader & awarded with Deferred incentive plan for two consecutive years.
- Achieve Lean certification.
- De-coupled 28 FTE from Jaipur & Suzhou location to Pune as part of COE initiative, leading to cost-optimization of ~$150K.
- Lead new process transition of 10 FTE work from client within existing capacity.
Manager Payable
Eaton Technology Services
Pune
12.2020 - 07.2023
- Managed Global Accounts Payable services of manufacturing entity comprises of multiple business segment (Electrical, Industrial, Hydraulics, Aero Space). The process consists of Invoice Processing, Month-end, sub-ledger closure, Balance sheet reconciliation, GRIR, Vendor reconciliation, Payment, Tax (TDS, VAT, GST, Clause 34) reporting & Reconciliation.
- Ensure consistent improvement in overall performance quality. Lead all monthly governance call and present health status of process, challenges, action plan to stabilize process. Review monthly reconciliation and documentation on sample basis to provide guidance maintain client expectation.
- Reduce manual intervention in Freight invoice and contract employee invoice accrual process.
- Deployed Auto reconciliation model for Vendor Statement reconciliation process to meet regulatory requirement of India and Middle East legal entities.
- Automate TDS & Clause 34 reconciliation.
- Recognized as valuable contributor in SCM lead workshop scheduled in Germany to improve end to end logistic process.
- Cleared backlog of ~30k invoices & ~15k exceptions and stabilize process in 6 months during Epidemics period
- Reduction of non-allowable expenses to
- Productivity of 3 FTE and 2 FTE in respectively in Year 1 & 2 through excel auto index feature.
- Awarded Top Performer and categorized as critical leader when process re-badge to third party service provider.
Finance Manager
Accenture Services
Thane
12.2018 - 12.2020
- Managed day to day operations of Pharmacy client for India Client. The process consists of Accounts Payable, Fixed Asset, T&E, General Accounting, Month End team comprises of 105 members, responsible to provide end to end accounting services and also submitting monthly reports to corporate for consolidation purpose.
- Ensure consistent improvement in overall performance quality. Motivate team thru various modes like, increasing visibility, nominating key performers for monthly awards. Leading all monthly governance call and presenting achievement, challenges, project status, process improvements. Review monthly reconciliation and documentation on sample basis to provide guidance maintain client expectation.
- OCR deployment in progress to reduce manual intervention in invoice processing.
- Deployed Auto reconciliation model for Vendor Statement reconciliation process to meet regulatory requirement.
- Automate month end-reporting.
- Promoted to Finance Manager and leading 100+ team size.
- Involved in business transformation, due diligence, supported in solution, finalize SLA, transition management.
- Lead the Accounts Payable workflow design from operation end and supported technology for its smooth implementation. Saved $200K.
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
Associate Manager
Accenture Services
Thane
08.2014 - 12.2018
- Managed the day-to-day operations for US, Europe, and South Africa region for FMCG client. The process consists of Accounts Payable, Fixed Asset, Intercompany Accounting & Reconciliation, T&E, General Accounting, Month End team comprises of 35 members, responsible to provide end to end accounting services and also submitting monthly reports to corporate for consolidation purpose.
- Manages overall personnel, performance and disciplined in assigned area. Manage client escalations and communication. Enabling and ensuring effective knowledge sharing within the team.
- Ensure consistent improvement in overall performance quality. Motivate team thru various modes like, increasing visibility, nominating key performers for monthly awards. Leading all monthly governance call and presenting achievement, challenges, project status, process improvements. Review monthly reconciliation and documentation on sample basis to provide guidance maintain client expectation.
- OCR deployment in progress to reduce manual intervention in invoice processing.
- Suggested Auto reconciliation model for Vendor Statement reconciliation process to meet regulatory requirement.
- Performance Rating “A” for 2014-15, 2015-16.
- Independently lead solution design for potential clients, which helps bring 95 FTE business for organization.
- Currently working with consulting team for F&A transformation project for new client.
- Initiated process improvements based on thorough analysis of internal operations data resulting in enhanced productivity levels.
- Managed cross-functional projects, ensuring timely completion and alignment with company objectives.
- Established strong relationships with key stakeholders, fostering collaboration and mutual support.
- Streamlined processes for increased efficiency and cost savings within the department.
Group Manager
WNS Global Services
Thane
01.2010 - 01.2014
- Managed the day-to-day operations for US based client, the project consists of General Accounting, Fixed Asset, Accounts Payable, T&E & reconciliation team comprises of 52 members, responsible to provide end to end accounting services and also submitting monthly reports to corporate for consolidation purpose.
- Manages overall personnel, performance and disciplined in assigned area. Manage client escalations and communication. Enabling and ensuring effective knowledge sharing within the team.
- Ensure consistent improvement in overall performance quality. Motivate team thru various modes like, increasing visibility, nominating key performers for monthly star awards. Reviewing monthly SLA report & submit to client and senior management within organization. Leading all monthly governance call and presenting achievement, challenges, project status, process improvements. Review monthly reconciliation and documentation on sample basis to provide guidance maintain client expectation.
- Enhanced OCR functionality to 85% and reduce manual intervention.
- Suggestion two audit strategy models to perform Audit for T&E claims.
- Establish monthly review mechanism to improve reconciliation accuracy score card.
- Provided automated workflow solution for exception handling.
- Received Guiding star award during 2012-13 in BFSI vertical.
- Client accepted and approved the workflow solution provided for exception handling.
- Promoted to Senior Manager in 2011.
- Performance Rating “A” for 2012-13 & 2013-14(half yearly).
- Established strong relationships with key clients, resulting in increased customer satisfaction and retention rates.
- Resolved conflict quickly to limit operational disruption and maintain positive, productive working environments.
Assistant Manager
UBS India Service Centre
Hyderabad
01.2009 - 01.2010
- Building the team of 25 members responsible to function as extended support to Global Shared Service team. Initially, 12 members were performing activities like intercompany reconciliation, Balance Sheet reporting, Data Quality, Ledger control. Remaining 13 members were part of P&L control team which was under pilot phase.
- Manages overall personnel, performance and disciplined in assigned area. Manage client escalations and communication.
- Supervised day-to-day operations to meet performance, quality and service expectations.
- Developed strong working relationships with staff, fostering a positive work environment.
Assistant Manager
Tata Consultancy Services
Thane
01.2006 - 01.2009
- Lead General Accounting and Fixed Asset team comprises of 25 members, responsible to provide end to end accounting services and submit monthly reports to corporate for consolidation purpose.
- Perform intercompany reconciliation monthly; ensure accuracy of transactions and appropriate accruals are recorded, if required. Maintenance of chart of accounts another prominent activity performed by the team. Ensure appropriate posting of accounts payable and receivable transactions. Any interface error fix within same fiscal month.155 Balance Sheet account reconciliations are done by team on monthly basis. Out of which 55 are Cash and Bank account reconciliations. Bank reconciliation done weekly and any material cash balance variance taken care within same fiscal month. As part of close activities team ensure all error transactions are cleared and any amount lying in suspense also cleared before starting to upload final numbers. Upload final reports in HFM system for Management review. Any variance at legal entity level taken care by proposing Top sides. Ensure all deadlines are met and adherence to Sox compliance. Established review process for reconciliation. Publish accuracy and TAT score card for reconciliation.
- Develop MS Access database using VBA script to convert intercompany data into standard excel template.
- Develop reconciliation review tool in MS Access. Establish the mechanism of recon accuracy to improve the quality and health of reconciliation.
- Re-engineer the process of Smart Card reconciliation from value based to key reference which reduced the exposure of $ 30000 yearly.
- Participate in client lead Kaizen project to define the intercompany reconciliation process for newly bought company.
- Convert frequency of Monthly Bank reconciliation to Weekly reconciliation.
- Developed strong working relationships with staff, fostering a positive work environment.
- Promoted teamwork within the workplace by encouraging collaboration among staff members on various project tasks.
Team Member
American Express (I) Pvt. Ltd
01.2005 - 01.2006
- As individual contributor role, performing BSP Liability account reconciliation for UK business. The reconciliation performed at transaction level to verify the invoice raised by BSP is correctly accounted for in the books of Birmingham branch in perspective of airline commission and service charges to customer.
- All open items above age 30 days are cleared.
- Received appreciation from BU controller for clearing open items and showcasing accounting and travel business knowledge.
- Received $ 100 cash reward from client.
- Six sigma trained.
Process Associate
GE Capital International Services
01.2004 - 01.2005
- As individual contributor role, performing T&L account reconciliation for US business. It includes Employee reimbursement account, Corp Card clearing Account, Employee advance account, Bank reconciliation on Monthly and Quarterly basis following. The reconciliation performed for validating the transaction feed through Corp Card bank, T&L system, Bank account.
- Received appreciation from BU controller for showcasing accounting skills and process knowledge.
Station Accountant
Jet air India Pvt. Ltd
01.1999 - 01.2004
- Maintaining Cash and Bank records, preparation of monthly reconciliations. Maintaining Passenger and Cargo agent's receivable account and performing SL/GL reconciliation. Preparation of Inter Branch reconciliation, Funds transfer reconciliation. SL/GL reconciliation. Provide monthly MIS reports to head office. Prepare and submit, monitor & control expenditure and budget. Handle accounting activities for international Airlines under the GSA of Jet Air.
- Clear old discrepancy for post office invoices recovers all dues.
- Establish monthly invoice process with Post Office department for cargo services.
- Nominated for Accountant position within 9 months of services by outgoing station Accountant.
- Trained new cashiers for Bhopal station and setup accounts department.
- Provide support to Nagpur accountant to complete SL/GL reconciliation.
Education
Post Graduate Diploma in Management - Logistics And Supply Chain Management
MIT School of Distance Education
Pune 01.2023 - Current
M.Com - Accounts & Taxation
Devi Ahilya Vishwavidyalay
Indore 04.1994 - 03.1996
Accounts & Taxation
Devi Ahilya Vishwavidyalay
Indore, India 04.1990 - 03.1993
Skills
Process optimization expertise
Reporting and analysis of management information systems
Account reconciliation expertise
Quality assurance
Regulatory controls assessment
Professional growth initiatives
Process transition facilitation
Goal-oriented planning
Account relationship management
Process optimization expertise
Certification
Integrated Operations and Supply Chain Management in the Digital Era, Supply Chain Management, IIM – Visakhapatnam, 02/2025
Timeline
Integrated Operations and Supply Chain Management in the Digital Era, Supply Chain Management, IIM – Visakhapatnam, 02/2025
02-2025
Senior Manager
Genpact Services
07.2023 - Current
Post Graduate Diploma in Management - Logistics And Supply Chain Management
MIT School of Distance Education
01.2023 - Current
Manager Payable
Eaton Technology Services
12.2020 - 07.2023
Procurement and Sourcing Introduction, Procurement, Rutgers University, 10/2020
10-2020
Forensic Accounting and Fraud Examination, Accounting, West Virginia University, 09/2020
09-2020
Accounting for Decision Making, Accounting, University of Michigan, 07/2020
07-2020
Finance Manager
Accenture Services
12.2018 - 12.2020
Associate Manager
Accenture Services
08.2014 - 12.2018
Group Manager
WNS Global Services
01.2010 - 01.2014
Assistant Manager
UBS India Service Centre
01.2009 - 01.2010
Assistant Manager
Tata Consultancy Services
01.2006 - 01.2009
Team Member
American Express (I) Pvt. Ltd
01.2005 - 01.2006
Process Associate
GE Capital International Services
01.2004 - 01.2005
Station Accountant
Jet air India Pvt. Ltd
01.1999 - 01.2004
M.Com - Accounts & Taxation
Devi Ahilya Vishwavidyalay
04.1994 - 03.1996
Accounts & Taxation
Devi Ahilya Vishwavidyalay
04.1990 - 03.1993