Chaitanya Reddy Tiyyagura

• Prepares and enters monthly journal entries within the timelines established in the monthly close calendar
• Prepared reconciliations of bank accounts and other general ledger accounts(In Blackline).
• Prepared reconciliations between general ledger accounts and sub-ledgers.
• Reviewed P&L accounts, comparing budgeted figures with actual results.
• Prepared monthly, quarterly, and annual reports for management review.
• Continuously evaluate financial controls in the processes and recommend
  enhancements to fortify them where required.
• Developed and implemented a standard Finance PO approval process, leveraging
  data on Inventory WOS, Sales Forecasts, and carrying costs, reducing top
  management's annual workload by 500 hours.
• Established a strong team of 5 Financial analysts and successfully transitioned multiple processes from US.

• Leading the Inventory team on Audit and Automation, extensively work on VBA Automation to improve the efficiency and effectiveness of the work process.

• Perform Inventory Variance analysis including Absorption variances and Purchase price variances.

• Perform GL Month end close, analyze, and record Provision for Slow moving and Obsolete goods, Lower of cost or market value analysis based on business policy

• Verify Physical Inventory with accounting data, Reconcile the variances and record the adjusting entries

• Perform Account Reconciliations, Review the variances and Certify in Blackline with supporting documents

• Accruals for Warehouse and Trade costs if no actual invoices received · Review and record any Intercompany/External purchases, Goods in Transit from Vendors/Distribution centers to Stores and any open items remaining at the Stores

• Review and record Inventory sold through online, destroyed in field and Donations made by stores

• Reviewed and analyzed financial statements for accuracy and compliance with standards.
• Prepared monthly account reconciliations for bank accounts, credit cards, and other balance sheet accounts.
• Compiled and prepared journal entries to ensure accurate general ledger records.
• Identified opportunities to improve internal controls over financial reporting processes.
• Analyzed existing accounting processes to recommend improvements in efficiency or effectiveness.

Preparing and post the Journals for Prepaids, Utilities, Allocations JE, Inventory, Mgt Fee, Charge backs, Credit card commission accrual and actual & Bank JE etc.

• Performing Key & Non-Key Balance Sheet Reconciliation for AR Clearing, Prepaid, Outstanding Payables, City ledger, Guest ledger, Advance Deposit ledger, Credit card Reconciliation, Daily Bank Balancing, Third Party Vendor Ledger reconciliation and Inventory Inter Company Reconciliation.

• Performing daily Bank and Credit card reconciliation between GL and Bank.

• Reviewing Revenue report with source documents, comparing actual with Forecast and adding comments and supporting documents of actual preparation of journal entries to clear the balance wash accounts.

• Preparation of Journal Entries to clear the open items.

• Setting up Pre-close and Post close calls to discuss about Month close calendar and resolve issues faced during the Month &Summarizing Minutes of the call, Monitoring and circulating MOM to relevant recipients.

• Working with Training manager to create SOP’s and Training plans for new FTE’s.