BASAVARAJ KOLUR
Bangalore
Summary
Self-motivated Accounts & finance professional with rich combined experience, working with multi-cultural global teams and Pro-active & open-minded team player, ability to foresee and adapt to dynamic and changing environments.
Overview
19
19
years of professional experience
Work History
Deputy Manager
Volvo Group India Pvt Ltd
Bangalore
2011.06 - Current
- Managing 10 European Entities for end-to-end activities in Accounts Payable, Accounts Receivable, Intercompany, Month end activity and General Ledger
- Providing training and mentoring the team member to work in cross team as part of competency development and for excellence what we deliver according to our SLA & KPI
- Controlling overdue items in GL accounts > 90 days (Ageing analysis) follow up on open items on weekly basis and submission to stakeholders / chief accountant in the meeting
- As a part of project for SAP S/4 HANA, UAT to be done
- Monitoring on regular KPI (Global & Local) to identify potential delivery issues and client risks to avoid impact on business
- Monitoring of intercompany transactions and ensure to process all activities including transfer pricing
- Blackline Reconciliation and ensure to approve on time
- Booking Fixed Assets - Depreciation and FX Revaluation and MEC entries review
- Prepare and present monthly forecast review detailing prior month results along with forward looking forecast to management for decision support
- Preparing intercompany accounting analyses for new business initiatives and implement standardization as per Volvo Group Intercompany Policy
- Reconciliation of components and Intermediatory General Ledger accounts on weekly basis
- Pre-closing & Post-closing meetings with Stakeholders, Business controllers & Chief Accountants, presents KPI metrics to them (including AP & AR)
- Monitoring month end entries (accruals & set-off entries) before close of ledgers
- Supporting General Ledger and analysis inclusive of period-end financial close responsibilities
- Periodic review & closing books of accounts as per Global Time Plan
- Supporting team with month-end, quarter-end, and year-end close process as and when required
- Supporting External / Internal audit process as per Internal controls, procedures in accordance with standard policy
- Maintenance of Balance Sheet provisions and information to local finance team on monthly accruals postings
- Driving the Process Improvement and standardization project across Volvo Central Europe Cos
- Transition Experiences: Brought End to End Accounts process for Intercompany Transaction and General Accounts Process from Poland
- Brought partial R2R report reconciliation & analysis transition from Slovakia – Europe
- Remote Transition completed from Germany for month end critical activities
- Brought End to End Accounts Payable, Intercompany Transactions & GL Reconciliation from Belgium – Europe.
Assistant Manager
SysInformation Healthcare (I) Pvt. Ltd
Mysore
2007.07 - 2011.06
- Vendor Reconciliation, Approval of Vendor Invoices, Approve the expenses of Employees, AR Reconciliation and Overdue follow up, Revenue & Cost analysis for project, Preparing Sales forecast Vs Actual report, Calculation of Bonus & Commission calculation, Closing books of Accounts, Bank Reconciliation, Credit Control, Opex and Budget Vs Actual Variance Analysis.
Accounts Executive
M/s Sushmita Chowdhury & Co.
Bangalore
2005.02 - 2007.06
- Maintained all Ledgers, AP & AR, Petty Cash, Bills Processing and approve for payment, Bank Reconciliation, Overdue follow up, Sales Tax, Payroll, PF & ESI monthly & yearly returns, Profession Tax, Issuing Sales Invoice, etc.
Education
Master of Business Administration – MBA (Finance) -
Bachelor of Commerce- B.Com -
Skills
- People Management
- General Ledger
- Process Transition & Migration
- Reconciliation
- Vendor Management
- Month End Close
- Intercompany Transactions
- Accounts Payable & Receivable
Awards & Recognition
- Received best "Employee of the year” in 2009 from SysInformation Healthcare India Pvt Ltd
- Awarded as best Team of productivity for AP & AR process from Volvo Group India Pvt Ltd in 2019, 2020 & 2023.
Accomplishments
Received best "Employee of the year” in 2009 from SysInformation Healthcare India Pvt Ltd.
Awarded as best Team of productivity for AP & AR process from Volvo Group India Pvt Ltd in 2019, 2020 & 2023.
Timeline
Deputy Manager
Volvo Group India Pvt Ltd
2011.06 - Current
Assistant Manager
SysInformation Healthcare (I) Pvt. Ltd
2007.07 - 2011.06
Accounts Executive
M/s Sushmita Chowdhury & Co.
2005.02 - 2007.06
Master of Business Administration – MBA (Finance) -
Bachelor of Commerce- B.Com -
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