Balaji Ranganathan
Senior Associate Accountant - 1
Summary
Dynamic financial professional with extensive experience at BNY Mellon, excelling in general ledger management and variance analysis. Proven track record of enhancing process efficiency and achieving recognition for outstanding service. Skilled in SEC reporting and fostering collaborative relationships, ensuring client satisfaction through effective communication and problem-solving. Highly skilled Accountant with comprehensive experience in financial forecasting, corporate finance and regulatory reporting. Possess strong analytical skills, adept at streamlining complex accounting processes to increase accuracy and efficiency. Noted for consistently improving financial operations and contributing to positive business performance. Proven ability to work collaboratively within team environments and communicate effectively across all levels of an organization.
Overview
21
21
years of professional experience
6005
6005
years of post-secondary education
2
2
Languages
Work History
Senior Associate Accountant - 1
BNY Mellon International Operations (India) Pvt. LTD
04.2013 - 02.2025
- Company Overview: Investment Management, Investment Service, Wealth Management, Asset Service, Corporate Treasury & Business Partners (Corporate Staff)
- Preparation of Unitary Accrual, Clear sky Amortization, Asset Raise, Prepayments, Accruals, ORE JE, Re-Class JE's, Rectification JE's, Allocation JE's, Transfer Agent Fees, Transfer Revenue JE's (Internal & External), I/C JE's, I/C Break Clearance JE's, Suspense Account Clearing JE's, BOD Reimbursement JE, Excess Undertaking JE, Financial Memo Statistical Account JE, Management Fees JE's, Ap Open Invoice Accrual and Re-Accrual, To various SOW Accruals, To various SOW Prepaid Analysis with to various LOB's ( E,g Marcom, Charitable Donation (GIC), ETO, ENA EXO & Sponsorship accounting.
- Pre and Post Month end review & follow up calls with to various Line of Business, FM&A & Onshore teams.
- Media Spend Accrual, Prepayment Reconciliation and Analysis.
- Closely Worked with Project Manager, Engagement Manager & LOB lead to get the milestone work completion confirmation and based on that the accrual being booked and invoice follow-up with them to avoid the re-accrual and reconciliation aging item.
- Closely worked with Ap team and leads to follow-up with pending invoice status and Prepayment Creation and Allocation and Modifications.
- Preparation of P&L and balance sheet variance analysis, dealer profitability analysis, REG-W analysis, unitary funds variance analysis, along with commentary, allocated overhead.
- Closely worked with AP team to get the open invoice details during (BD+1) month end in order validate the GL, MU & P Code to book the Open Invoice Accrual.
- SEC Reporting.
- Asset Raise Reporting, Dividend Performa, LE CONSOL Pack.
- P&L Analysis, Excess Undertaking Control, Transfer Revenue Reporting, Transfer Agent Fees Reporting and supporting all Internal MIS reporting's
- Preparation & Review of Reconciliation. (E.g. Prepayment, Accrual, ORE, Incentive, Equity, Investment in Subsidiary, OCI, ATA, Intangible, I/C, FX, AP, AR & Payroll related Natures.
- Follow up with Onshore & Offshore teams to clear the R & L aged items.
- Preparing the Open item, Required Adjustment & Timing difference items PPT presentation into LE Controllers and ensuring that in review call the whole R, L & T items were correctly presented into Blackline reconciliations.
- Identifying the Prior period adjustment's entries and reporting into various LE Controllers.
- CDSC, Indirect Commission, Cash & Bank, Bank Reconciliation & Day One Log.
- Preparation of all External Boutique Subadvisor Transfer Revenue Fee Payments.
- Board of Directors Reimbursement Payments.
- Prepaid, Open Invoice Accrual & Invoice queries are followed up with Ap team
- Followed up with respective Onshore team in order to get the approval of all payments before cutoff.
- Followed up with AP team to in order to release the payment on before invoice payments terms.
- Keep on updating the payment status into LE controllers and external clients.
- Closely worked with Ap, External Clients and Legal teams in order to create New Vendors.
- Preparation of Project related JE's during Non- Month End, Month End close, Reconciliations & Aged items reporting into Project and FM&A team in order to clear the open items and move the balance from WIP account into capitalized accounts.
- To Supporting all queries into KPMG & EY Auditors on quarterly & annually basis (E.g., Subadvisor Fees & Payments, Unitary Funds Related Matters, Legal Fees, JE's and Reconciliations)
- In Transition front I had been worked in two different Regions US & UK.
- The all transitions have been taken from onshore clients with in short span of time and successfully achieved.
- All process desktop procedure had been prepared and approved from Onshore & Offshore clients along with knowledge management source team approvals.
- Frequently updating the DTP's if any new exceptions, Process changes.
- Providing the high-level onshore customer support and ensuring maximum customer satisfaction through achieving the deliveries & service quality norms.
- Independently handled the Primary and Secondary roles played into various LOB onshore clients (Corporate Treasury, Asset Servicing, Asset Management, Mellon Capital Management, Dreyfus, Business Partners & Technologies teams & UK Operation Accounting, Internal Boutiques)
- Learned a new process from offshore and onshore clients in a short span of time and trained who has newly joined my team in such a way that they worked in all sorts of activities independently.
- Analyse the process to cut down the non-value-added tasks for quicker and effective resolution of the issue.
- Managing the overall functioning of the process, identify improvement areas and implement adequate measures to maximize customer satisfaction level.
- Ensure continuous interaction with the client to make sure the area of concern can be worked upon for improved service levels.
- Worked with RPA teams into various process in order to arrive process improvements.
- The business continuity plan training had been provided to recovery 1 & 2 staffs for the critical and non-critical activities and also handover the all DTPs through knowledge management source application along with activities recorded audio links and singed off the CAMS form.
- Continuously received the appreciations from Onshore Clients.
- Knowledge Sharing Session has been taken and presented the core values into the PPT presentation.
- Overall tenured with BNY I have achieved the exceed expectation 6 times.
- All E- learning development training and courses had been completed on time.
Financial Senior Process Associate
H P (HEWLETT PACKARD THIRD PARTY BPO)
02.2009 - 04.2013
- Have started in my end the first MNC Company Journey since Feb 2009.
- The first third party transitions have been taken from my end with three different geographical locations Australia, New Zealand & US time zone, the process the transitions have been went through WebEx link application.
- All DTPs has been prepared and approved from offshore as well as onshore clients with in the time line.
- Fifty percentage of process has been trained to those who have newly joined as fresher in the team and they also performed the activities independently within the month without any fail.
- Closely worked with AP team to get the open invoice details during (BD+1 ) month end in order validate the GL, MU & P Code to book the Open Invoice Accrual.
- Frequently has been received the appreciation e-mails from onshore controllers.
- Have involved into process improvement area and also successfully achieved the kaizen certificate from onshore as well as offshore clients.
- During the above period I am part of Month End Close, MIS Reporting, B&S Reconciliation, Fixed Asset, Master Data Maintenance, Price Variance Analysis & SG & A Analysis and Intercompany JE's and Recon, T&E Expense & Expense and B&S Analysis.
Accountant
J.M Foundation
04.2007 - 02.2009
- Company Overview: Civil Construction Company.
- During the above period I am in-charge of Core Accounting related works (E.g- Preparation of Cash and Bank Book, Sales Register/ Service Register, Purchase Register, Receivable and Payable Books, Trial Balance, P & L account, Balance Sheet, Bank Reconciliation.
- Aging Analysis for AP & AR.
- AP & AR Invoice follow-up with Vendor & Customer.
- AP & AR reconciliation.
Financial Data Base Analyst
Cmots InfoTech Pvt Ltd (Capital Market BPO)
07.2006 - 03.2007
- During the above period I was in- charge of Financial Data Base Trainee.
- Preparation of Interim Results, Segment Results, Annual Report and Annual Report Related Other Models E.g. Deferred Tax assets and Deferred Tax Liabilities, Power and Fuel, Abstract, Fixed Asset Schedule, Investment Book Cash Flow Statement)
- Preparation of Quarterly and Annual Report.
Account cum Audit Assistant
L. Vijayaraghavan & Co
04.2004 - 06.2006
- Company Overview: Chartered Accountants Office.
- During the above period I was in-charge of Core Accounts and Internal Audit related works.
- (E.g. a) Core Filed: Preparation of all kind of accounting natures day book entries, Fixed Asset Physical Verification, Fixed Asset Schedule, Petty Cash, Cash and Bank Book Maintenance, Debtor/Receivable Book Maintenance, Creditor/Payable Book Maintenance, Inventory Book Maintenance, Preparation of Trial Balance, P & L account, Balance Sheet, all kind of Reconciliation including Cash, Bank and Inter Company Reconciliation, expenses and budget analysis.
- Internal Audit: All kind of vouchers verification, Ledger Scrutiny, to Various Companies (Tidel Park Finance, Oriental Insurance Head Office, Tinsley UK Based Company, Art & Engineering college & to various Lift Companies etc.…)
Education
Bachelor of Corporate Secretary ship BCS -
Madras University
Secondary -
Arul Jothi Hr Sec School
Higher Secondary -
Arul Jothi Hr Sec School
Skills
General Ledger
Core Accounting
Internal Audit
GL Chart of Accounts Creation and Deletion
T&E Accounts
AP & AR Aging Analysis
Debtors & Creditors Receivable and Payable follow up Customer & Vendor
Statement of Work (SOW) Prepare & Review with Accrual and Prepaid to various LOB
Transfer Revenue (Internal & External)
Intercompany Accounting and Reconciliation
Project Accounting and Reconciliation
SEC reporting
Lease Accounting
Fixed Asset Accounting
Balance Sheet Reconciliation
Balance Sheet & P&L Trend Analysis
Variance Analysis along with Commentary and Action
Ap (New Vendor Creation, Invoice Creation, Payment Follow up with Ap team)
Media Spend Analysis & Recon
Charitable Donation - US ( GIC)
Plan
Budget
Forecast Preparation
Rolling Forecast Updates
Forecast Vs Actual Analysis
Hobbies and Interests
- Cricket
- Shuttle
- Listening music
- Reading Book
- Travelling
- Bike riding
Application Experience
- Tally
- PRMS ERP
- HFM Hyperion
- Peoplesoft
- Blackline
- AssureNet
- FDS Cognos
- MAQ
- TM1
- FCCS SmartView
- Oracle Cloud GL & AP
- Citrix Server
- FCCS
- IMMS
- E Close & E Form
- Apptio
- FIAS
Disclaimer
I hereby declare that all the above-mentioned information is true to the best of my knowledge.
Computer Qualification
- Diploma in Accounting Software (Tally), 5.4, 6.3, 7.2
- Diploma in Computer Application
Place
Chennai, Tamil Nadu
Personal Information
- Father's Name: Ranganathan Srinivasan
- Date of Birth: 09/04/83
- Gender: Male
- Nationality: Indian
- Marital Status: Single
Timeline
Senior Associate Accountant - 1
BNY Mellon International Operations (India) Pvt. LTD
04.2013 - 02.2025
Financial Senior Process Associate
H P (HEWLETT PACKARD THIRD PARTY BPO)
02.2009 - 04.2013
Accountant
J.M Foundation
04.2007 - 02.2009
Financial Data Base Analyst
Cmots InfoTech Pvt Ltd (Capital Market BPO)
07.2006 - 03.2007
Account cum Audit Assistant
L. Vijayaraghavan & Co
04.2004 - 06.2006
Bachelor of Corporate Secretary ship BCS -
Madras University
Secondary -
Arul Jothi Hr Sec School
Higher Secondary -
Arul Jothi Hr Sec School