BABU VEERAREDDY

Project 1 – The Hampshire Companies – Morristown, NJ United States

Project 2 – The Shadowbox Studios - Atlanta, GA United States

• Managed Accounts Payable, Accounts Receivable processing , journal entries, collection efforts and reconciliations.
• Streamlined accounting process for the project 1 that generated a 75% increase in operational volume for the organization.
• Maintain cost control procedures and cost management processes, saving company $[200,000].
• Oversaw high-volume accounting operations with 22 person team focused on efficient budget administration, AP/AR and other financial management needs.
• Validate and deliver cash flow projections , variance analysis, flux reports and workpapers at property/fund level.
• Manage client calls and collaborate closely with client level Director of finance & Fund Controllers & Real Estate Managers to optimize financial and operational performance of the properties.
• Resolve work-related problems and proposed and published metrics and KPIs to be incorporated into monthly financials and scorecards.
• Identify training needs and train workers in job duties and company policies.
• Perform operational activities in the absence of team member as supervised.
• Establish work schedules and procedures and coordinate activities with other departments
• MIS reports to the internal management team.
• Ensure smooth operation of systems, equipment and arrange for maintenance and repair work whenever required.

Project: Lenovo Group Ltd – China [APAC Region]

• Perform monthly, quarterly and year-end close activities (G/L capture, variance analysis, consolidation ) and preparing financials.
• Perform and review the Journal entries for Accruals and Provisions .
• Perform account reconciliations, bank reconciliations, Inter-company reconciliation.
• Participate in A/R and A/P processes to ensure effective cash management and processing.
• Prepare reporting and forecast packages like (Budget vs actual).
• Executing audit engagements and other compliance activities owned by Finance function.
• Handling client calls & client visits during the month close and year close.
• Perform other ad hoc duties as assigned.
• Learned new skills and applied to daily tasks to improve efficiency and productivity.

• Reviewed accounts on monthly basis to assess aging and pursue timely and effective collection of funds.
• Generated invoices upon receipt of billing information
• Performed targeted collections on past due accounts aged>30 days.
• Managed efficient cash flow reporting , posted cash receipts and analyzed chargebacks, independently addressing and resolving issues.
• Applied more than 350-370 payments per week .
• Contacted clients with past due accounts to formulate payment plans and discuss restructuring options.
• Performed monthly sales and AR cash reconciliations .
• Maintained excellent financial standings by working closely with bookkeeper to process business transactions.
• Used SAP ERP system to accurately manage over 350 plus accounts worth around $150,000,000 million portfolio .

• Performed daily invoicing processing to the customers and cash application for remittance received.
• Generate email for fund transfer for payment received from customer for other related entity invoices.
• Generate Monthly AR Statement for emailing to related entities and customer AR statement t for past due invoices.
• Month End duties Related to Accounts Receivable.
• Month end JE related to Deferred Revenue .
• Reply to customer Inquiry for Invoices and supporting document .
• SOX Related AR duties - maintenance of files and folder and reply to internal/ external auditor's inquiries .