BANSIDHAR TIWARI
Hyderabad
Summary
Associate Manager with extensive experience in Project accounting, Intercompany accounting, operational management and stakeholder management at IT Convergence Pvt Ltd. Demonstrated expertise in requirement gathering, facilitating effective teamwork, preparing detailed reports, and ensuring compliance with service level agreements. Proven track record in managing Record to Report, Intercompany billing, revenue forecasting, and variance analysis at Hitachi Vantara and DXC Technology. Adept at business requirement gathering, SOX & audit reporting, and process optimization to enhance operational efficiency. Career goal includes leveraging strong analytical skills to drive business success and operational excellence.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Associate Manager
IT Convergence
11.2024 - Current
- Creation of new projects, contracts and budgets in Oracle Fusion.
- Allocating resources to respective projects and contracts.
- Coordinating with delivery team for SOW preparation.
- Manage the accounting, billing, and invoicing processes.
- Differentiate between billable and non-billable activities; categorize items for accurate invoicing and reporting.
- Review, assess, and translate contractual obligations into corresponding revenue activities to align with project expectations.
- Leverage in-depth understanding of revenue recognition concepts, including compliance with ASC 606 standards.
- Maintain and update billing rules to generate comprehensive activity reports for logged project hours.
- Manage month-end project invoice activities, including manual and systematic billing.
- Create, review, and finalize project invoices, ensuring accuracy before submission.
- Collaborate with stakeholders to address invoicing issues and ensure timely approvals.
- Develop and maintain revenue reports, LOB reporting as required by respective stakeholders.
- Identify and implement solutions to streamline billing processes, improve efficiencies, and support project accounting
- Collaborate with Resource management teams on new projects, SOW and issue resolution.
- Research and educate teams on business team the best practices for billing and invoicing.
- Communicate effectively to manage expectations and support stakeholders.
ASSISTANT MANAGER
Genpact India Pvt Ltd
07.2023 - 11.2024
- Working as an Assistant Project Manager and having strong project planning and operational management skills to meet service delivery operational requirements.
- Audit and evaluate customer's contracts, and project type to ensure revenue is billed appropriately and adequate margin is correctly obtained and allocated.
- Prepare and issue invoices to client in a timely manner. Ensuring accuracy in billing details in accordance with the project type and preventing in revenue leakage.
- Monitor all payments, receivables ensuring proper allocation to customer accounts.
- Follow up on overdue accounts and negotiate payment terms with clients to facilitate timely closure of aged items.
- Approve accrual entries prepared by team and maintain regular reconciliations of projects to resolve discrepancies and maintain accurate records.
- Clearing of parking entries and transferring to respective accounts.
- Communicate effectively with client regarding account status, payment inquiries, and any issues raised.
- Ensure adherence to company policies and accounting standards in the activities performed
- Work closely within teams to resolve any issues and improve the overall customer experience.
- Maintain organized records of all accounts receivable transactions, communications, and resolutions.
- Continuously monitor service delivery, ensure team is adequately staffed, plan capability development and training.
- Driving daily standup calls to understand the work status, identify issues and collaborate timely within team to resolve them.
- Ensure team executes all assignments in accordance with agreed quality and within timelines.
- Identify opportunities for process optimization to enhance the accuracy and efficiency of operations team.
- Collaborate with the In-house automation experts/IT to implement automation or system upgrades.
- Proactively identify potential operational risks, suggest mitigation strategy to manager and lead the implementation of the agreed upon mitigation strategy.
- Work as part of a team, ensuring SLA s (Service Level Agreement), all relevant regulations are met and maintained.
- Preparation of metrics which are useful to measure and control processes and identify any deviation with expected quality of deliverables.
- Established team priorities, maintained schedules and monitored performance.
- Acted as the point of contact for counterparts, addressing inquiries, resolving discrepancies, and providing status reports.
SPECIALIST II
Hitachi Vantara India Pvt Ltd
04.2018 - 07.2023
- Preparation of project revenue reports with variance analysis.
- Preparation of Cash flow statements and Cashflow forecasts and submitting it to treasury team.
- Preparation and uploading of multicurrency exchange rates in system and publishing to management.
- Preparation of Prepayment Schedules and posting of prepaid entries.
- Transferring of entries from parking accounts to respective entities on monthly basis.
- Reviewing and posting of practice reclass entries to respective team and departments.
- Preparation of practice wise P&Ls and publishing it to respective stakeholders.
- Preparation of project wise revenue & cost analysis and matching with P&L.
- Preparation and posting of Intercompany cross charge entries.
- Preparation of multicurrency Trial Balance and publishing it to onshore team.
- Performing MIS reports (Practice wise & Cost Centers Reporting).
- Preparation of Balance sheet flux report.
- Preparation of Subcontractor forecast reports.
- Preparation of Balance sheet reconciliations and presenting it to controller for monthly signoff.
- Owning Balance sheet reconciliation tool and sending reminders to regional finance stakeholders for reconciliations upload.
- Ensuring asset additions/retirements are done timely and running of monthly depreciation schedule.
- Preparation of MIS reports (Practice wise & Cost Centers Reporting).
- Ensuring trackers & error logs are regularly updated.
- Assisting SOX/External audit team with the required reports for the monthly & yearly audit purpose.
ASSOCIATE PROFESSIONAL
DXC Technologies India Pvt. Ltd
06.2014 - 03.2018
- Working on client billing and sending invoices to PM for approval.
- Processing of employee timesheets and sending invoices to clients.
- Preparation of revenue forecast reports and publishing to the corporate team.
- Preparation of onshore revenue report and publishing to the corporate team.
- Preparation of a variance analysis between the cost projected in the pre-close and the actual billed amount.
- Preparation of monthly invoice reports and sharing the details with management.
- Preparation of onshore revenue report and publishing to the corporate team.
- Preparation of an unbilled summary and providing the reasons for the unbilled projects.
- Preparation of customer aging reports and participating in the controllership meetings for allocation of reserves.
- Working with Project managers in case of any queries/disputes on invoices raised.
- Coordinating with the PMO team for the creation of WBS codes and updating bill rates in the system.
- Approving billable expenses and coordinating with the Project Manager in the creation of IWOs.
- Working with the procurement team for the approval of billable assets.
- Assisting the SOX team with the required reports for the monthly audit purpose.
- Assisting the internal and external audit teams with the required files for auditing purposes.
Education
MBA -
Sri Indu PG College
B.com - undefined
Pragathi Mahavidyalaya Degree College
Intermediate - undefined
Ideal Junior College
SSC -
Vidya Vihar High School
Skills
- Stakeholder Management
- Team Management
- Business Requirement gathering
- Reporting & Reconciliations
- Forecasting
- Project Billing
- SOX & Audit Reporting
Certification
- ICMA Group 1 Cleared.
- CSM (Certified Scrum Master) from Scrum Alliance
- Working towards PMP
Languages
English
Marathi
Hindi
Telugu
Awards
- Received star performer recognition from Client and Genpact.
- Received many appreciations from controller and colleagues in both process and non-process activities.
Timeline
Associate Manager
IT Convergence
11.2024 - Current
ASSISTANT MANAGER
Genpact India Pvt Ltd
07.2023 - 11.2024
SPECIALIST II
Hitachi Vantara India Pvt Ltd
04.2018 - 07.2023
ASSOCIATE PROFESSIONAL
DXC Technologies India Pvt. Ltd
06.2014 - 03.2018
B.com - undefined
Pragathi Mahavidyalaya Degree College
Intermediate - undefined
Ideal Junior College
MBA -
Sri Indu PG College
SSC -
Vidya Vihar High School
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