Balamurugan Santhanaraj

IBM JAN 2024- Till now.

Job role:Team lead.

Roles and responsibility:

Involved in end-to-end budgeting and forecasting cycles, extracting actuals from SAP CO and converting them into structured forecast and planning models in Excel.

Owned monthly variance analysis, comparing actuals vs budget/forecast, performing root cause analysis, and preparing variance commentary for management reviews.

Developed MIS reports and dashboards to track cost centers, revenue trends, and profitability, enabling leadership to take timely corrective actions.

Supported scenario modeling and profitability analysis to assess financial impact of cost changes, volume fluctuations, and business assumptions.

Worked closely with cross-functional teams to align financial plans with operational realities and improve planning accuracy.

Mec ( Month end close) under.

Asset creation.

Asset transfer

Asset changes

Adhoc journal

Manual billing

RRB( Resource related billing)

Manual journal posting and reverse and clearing.

SetupRRBS standard contract.

Non retail customer creation.

Recurring schedule.

Financial closing cockpit.

Captalisation

Depreciation Run.

Settlement Run

Skf allocation.

Intercompany matching reconciliation.

Ap &Ar regrouping.

GL fx revaluation. Assetc scrap.

Netting.

Asset impairment.

Reconciliation:

Pay roll :

Global view reconciliation

Wages and salaries recon.

Salary advance employees.

Social Security account

Employees advance other account.

Quantum:

Short term loan IC

Long term loan IC.

Short term loan accounts payable.

Long termloanr account receivable.

Bank reconciliation.

Prepaid reconciliation.

Account receivable cross company I pay.

Accounts receivable other.

Accrued income.

Accrued intreset income intercompany.

Accuirer clearing account.

Ap and ar regrouping 3rd

Asset under construction account.

GRIR accounts.

Employee advance receivable.

Other accrual.

Other current liabilities

Other current receivables

Other provisions account. Rechargej inter company.

Suspense account.

Reverse for bad debts account.

Travel and cost advance account.

VAT accounts

Franchise fees.

Debt to customer accounts reconciliation.

Month end reportingS

SLA Prepare

KpI

Vantage

Open item Deck.R

RCF (Recon control frame work).

Team handling.

• Kept detailed records of releases and software fixes for optimum traceability (RTR).
• Applied advanced Excel skills to manage data using pivot tables, VLOOKSUPs, SUMIFS and Index Match (RTR).
• Assisted in preparing financial models to predict future economic conditions.
• Created financial reports, comparing discrepancies between planned and actual budgets for investment insight.
• Analysed financial data to forecast business, industry and economic conditions for informed investment decision-making.
• Posted accounts receivable payments made by cash, cheque or credit card payments.
• Maintained robust financial records for business for regulatory reporting and taxation.
• Accurately performed daily cash functions, including A/P and A/R tracking, budgeting, payroll transactions, expense management and various reconciliations.
• Coordinated month-end closing processes to ensure completion ahead of aggressive deadlines.
• Used SAP accounting software to perform bookkeeping, invoicing and bank reconciliations.
• Produced regular reports, regulatory returns and reconciliations, informing stakeholders of critical financial data.
• Led month-end and quarter-end posting and reconciliation processes with ICOFR.
• Produced monthly and year-end closing statements, financial documents and invoices.
• Maintained updated chart of accounts following correct procedures and including current, accurate details.
• Posted journal and ledger entries, prepared financial statements and reports and closed books.
• Kept internal financial controls aligned with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
• Addressed recurring operational inefficiencies and poor financial governance with optimised accounting processes.

• Handing full Accounts Payable Provess
• Invoice Processing & Verification
• Verification Process ( IC verify, Verifier exception ,Exception, Rejection, Payments, Hatcat, Spendmen.)
• In non Po exeption need to check every basic details and put routing code to need step process
• Rejection process routing code any basic details and Invoice query is wrong its came under rejection queue
• Processing Invoices from the Workflow within TAT (Turn around time)
• Handing Day to queries of Site (Clients) requirement in the payable process
• Taken the Individual responsibility to process the invoice and deleted invoice
• Ensuring All AP month and Activities are met within the Turnaround Time (TAT)
• Weekly & Monthly reports are send to top level clients on a timely basis to Avoid Escalations
• Vendor Payments & allocation to appropriate invoices
• Handing vendor queries therough emails and calls
• Resolving the vendor queries by coordinating directly with vendors.
• Processed invoices and payments quickly and accurately, maintaining precise up-to-date company finances.
• Reported issues by communicating to finance team colleagues.
• Managed monthly production staff payrolls, liaising with individuals to resolve discrepancies.
• Supported wider accounts teams in processing expenses and reimbursements as required, improving team efficiency.
• Coordinated accounts payable, adhering to company Authorisation Policy.
• Completed administrative duties, opening post, printing invoices and monitoring emails.
• Processed supplier invoices, posted accurately and to correct nominals.
• Chased approvers for unapproved overdue invoices, provided weekly reports highlighting outstanding invoices.
• Assisted finance teams, inputting and processing transactions accurately.
• Managed all payment processing, invoicing and collections tasks.
• Reviewed financial information before publishing figures, maintaining accuracy in accounting system.
• Charged expenses to accounts, analysing expense reports and reconciling against established budgets.
• Paid vendors and verified accounts and payment totals for accurate accounting.
• Analysed billing procedures to evaluate backlogs and identify opportunities for improved efficiency R2R.
• Monitored past due accounts and pursued collections on outstanding invoices.
• Settled debt and disbursement write-offs, completing related documentation in line with regulations.
• Carefully reviewed each invoice and requisition for payment, resolving errors prior to processing.
• Executed account updates and noted account information in company data systems.
• Processed invoice payments and recorded information in account database.
• Coordinated workflows and delegated tasks for bill checking, posting and credit note processes.
• Bank reconciliation R2R
• GL Recons R2R
• Dashboard reports, Monthly Anylyais, rollforward report R2R