BALAMURUGAN SANTHANARAJ
Chennai,Tamil Nadu
Summary
Qualified Senior accounting associated with extensive background around 5+ years in advanced management processes. Utilizes superior communication skills to build meaningful, trusting relationships that exceed client demands. Highly skilled project manager with outstanding team leadership abilities to meet targets consistently.
Overview
7
7
years of professional experience
Work History
Team Lead
IBM
01.2024 - Current
- 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.
- Lead Month-End Close (MEC) activities ensuring accurate and timely closure of accounts.
- Perform asset creation in SAP S4HANA, ensuring all master data is correctly maintained.
- Execute asset transfers, ensuring proper accounting and documentation for audit compliance.
- Manage asset changes, including reclassifications, relocations, and updates in SAP.
- Handle capitalization of assets, monitoring all postings to general ledger.
- Run depreciation cycles and validate accuracy of asset depreciation in SAP.
- Perform settlement runs for projects, cost centers, and assets.
- Execute SKF allocation and reconcile related accounts to maintain balance sheet accuracy.
- Post manual journals and adhoc journals, including reversals and clearing entries.
- Ensure RRB (Resource Related Billing) standard contracts are set up and maintained in SAP.
- Create and maintain non-retail customer accounts in SAP and Oracle.
- Manage recurring schedules for billing, revenue recognition, and financial reporting.
- Monitor Financial Closing Cockpit to ensure on-time month-end completion.
- Conduct asset impairment assessments and post necessary adjustments.
- Execute asset scrapping transactions ensuring proper accounting treatment.
- Handle manual billing activities for projects and services.
- Post revenue and accrual journal entries accurately in SAP S4HANA and Oracle Financials.
- Reconcile adhoc journals and ensure proper documentation for all adjustments.
- Execute reversals and clearing of incorrect journal entries.
- Ensure RRB billing aligns with contract terms and standard SAP setups.
- Perform intercompany matching and reconciliation for AP, AR, and GL accounts.
- Conduct GL FX revaluation for foreign currency balances.
- Perform netting and intercompany settlement activities to clear IC balances.
- Handle AP & AR regrouping ensuring accurate reporting across multiple entities.
- Reconcile short-term and long-term IC loans, including AP and AR accounts.
- Monitor and resolve intercompany discrepancies using SAP, Oracle, and BlackLine.
- Reconcile payroll accounts, including global wages and salaries.
- Manage salary advances, employee advances, and related clearing accounts.
- Maintain social security accounts and ensure accurate reporting.
- Reconcile employee-related accruals and verify payment compliance.
- Reconcile accounts receivable including cross-company AR payables, other AR, and accrued income.
- Manage accrued interest income for intercompany transactions.
- Handle accrual clearing accounts and reconcile asset under construction (AUC) accounts.
- Maintain GRIR accounts, ensuring goods receipt/invoice receipt matching.
- Reconcile employee advances, other accruals, current liabilities, current receivables, and provisions.
- Handle intercompany recharge accounts, suspense accounts, travel and cost advances, VAT accounts, franchise fees, and bad debt reversals.
- Perform bank reconciliation for multiple bank accounts.
- Reconcile prepaid accounts and monitor related postings.
- Ensure timely identification and resolution of unmatched items.
- Prepare SLA reports, KPI dashboards, Vantage reports, and Open Item Deck.
- Generate Reconciliation Control Framework (RCF) reports for management review.
- Track pending items, exceptions, and unresolved discrepancies for follow-up.
- Provide management with accurate and timely month-end financial insights.
- Lead and mentor a team of finance and accounting professionals.
- Assign responsibilities, monitor performance, and provide feedback for accurate task execution.
- Ensure timely completion of tasks, adherence to quality standards, and process compliance.
- Collaborate with cross-functional teams for process improvement, automation, and issue resolution.
- Drive standardization of financial operations across multiple entities and platforms.
- Hands-on experience in SAP S4HANA Finance modules (Asset Accounting, GL, AP, AR).
- Expertise in BlackLine for reconciliation, intercompany netting, and process control.
- Proficient in Oracle Financials for AP, AR, asset management, and reporting.
- Utilize systems to ensure accurate postings, reconciliation, reporting, and process automation.
- Support implementation of process improvements leveraging SAP, BlackLine, and Oracle tools.
- Ensure compliance with internal controls, accounting policies, and audit standards.
- Identify process gaps and implement best practices for efficiency.
- Maintain documentation and SOPs for all financial processes.
- Support internal and external audits with accurate reporting and reconciliations.
Accounting Associate
Accenture Solution Limited
Chennai
06.2019 - 03.2022
- Handing full Accounts Payable Process.
- Invoice Processing & Verification.
- Verification Process (IC verify, Verifier exception, Exception, Rejection, Payments, Hatcat, Spendmen).
- In non-Po exception need to check every basic detail and put routing code to need step process.
- Rejection process routing code any basic details and Invoice query is wrong it came under rejection queue.
- Processing Invoices from the Workflow within TAT (Turnaround 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 sent to top level clients on a timely basis to Avoid Escalations.
- Vendor Payments & allocation to appropriate invoices.
- Handing vendor queries through emails and calls.
- Resolving the vendor queries by coordinating directly with vendors.
- Processed invoices and payments quickly and accurately, maintaining precisely 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 Authorization 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, analyzing expense reports and reconciling against established budgets.
- Paid vendors and verified accounts and payment totals for accurate accounting.
- Analyzed 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 Analysis, roll forward report R2R.
Senior Accounting Associate
RR DONELLEY
Chenai
03.2022 - 01.2024
- 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.
- Analyzed 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 optimized accounting processes.
Education
B.Com - General
Guru Nanak College
01.2019
SSLC - undefined
Anjuham Hr Sec School
01.2015
undefined
Anjuham Hr Sec School
01.2013
Skills
- SAP FPA analysis
- Budgeting and forecasting
- Budget v/s Actual
- Forecast v/s Actual
- Monthly analysis
- Variance analysis
- Cost overrun analysis
- MIS Reporting
- Balance sheet reconciliation
- MEC (month end closing)
- Month end reporting
- Bank reconciliations
- Payment management
- Prepayment scheduling
- Financial reconciliation
- Invoice processing
- SAP s4 hana
- GAAP
- Blackline
- Accounts payable / accounts receivable
- Prepaid reconciliation
- Warehouse Management System (WMS)
- Invoice processes
- Payment transactions
- A/P and A/R proficiency
- Billing statement management
- Financial reporting
- Full-cycle accounting
- Accounting and bookkeeping
- Report writing
- A/P and A/R reconciliations
- General ledger accounting
Personal Information
- Nationality: Indian
- Religion: Hindu
Timeline
Team Lead
IBM
01.2024 - Current
Senior Accounting Associate
RR DONELLEY
03.2022 - 01.2024
Accounting Associate
Accenture Solution Limited
06.2019 - 03.2022
B.Com - General
Guru Nanak College
SSLC - undefined
Anjuham Hr Sec School
undefined
Anjuham Hr Sec School