Group Lead
Access Healthcare Pvt Ltd
Aug.2021 - Apr.2023 (1 year & 8 months)
Hi, I’m
Faizuddin Shahjahan
Management Professional
Chennai, India,Tamil Nadu
Summary
Profile Summary
A focused professional with over 13 years of experience in Finance Accounting, Operations, Process Management and Team Management
Rich experience in leading finance accounts activities encompassing finalization ofaccounts scrutiny of general ledger reconciliations monthly accounts & closing process
Expertise in ensuring smooth running of the Accounts Payables Accounts Receivables and ensuring efficient processing (payment allocation, reconciliation month end reporting) of company receivables monitoring all facets of cost accounting including budgeting forecasting financial analysis variance reporting cost control
Expertise in conducting ageing analysis of the Payables Receivables
Excellence in leveraging innovative strategic approach for driving service delivery functions Capacity Management, Service Level Management, Issue Resolution and
Control Process
Key strategist with notable success in establishing business practices, business
continuity plans and service standards for business excellence
Expert in driving process reviews spearheading process excellence initiatives Lean Methodology and restructuring systems for delivering benefits like increased productivity, reduced cost and improved service
Keen customer centric approach with skills in heading cross functional projects setting up quality in service environment, addressing client priorities and resolving escalations within prescribed TAT
Excellent people manager with strong skills in leading mentoring teams, to work insync with set parameters to achieve business goals
Working knowledge in SAP, JBL, Vision, Oracle, Citrix, MART tool, QB Power BI
Excellent strategic planner with expertise in designing internal control systems/reviews towards the accomplishment of corporate business goals
Work History
Access Healthcare Pvt LtdChennai, India, Tamil Nadu
Group Lead
Aug.2021 - Apr.2023 (1 year & 8 months)
Job overview
- Roles & responsibilities in Access Healthcare :
As Financial Analyst @AHS
Analysis month end close activities, help operating leaders to understand the key financial metrics to drive efficiency.
Provide Revenue Variance Analysis / Forecasting / MIS reports on weekly/monthly basis for the LOB.
Consolidation of account wise /Project wise P&L tracker (Gross Margin, Utilization etc.) on monthly basis, Track revenue leak age, unbilled revenues, and work closely with finance for timely revenue recognition.
Prepare vertical level Presentations and Dashboards to facilitate Sr. Management reviews Presenting Monthly/Quarterly review
deck on Financials; (Revenues & Utilization, Billed & Unbilled Headcount and SPAN).
Forecasting on Post project review and project Trend analysis. Track & controlling Revenue Maximization & Stretch Targets
Owned/Managed end to end Monthly Forecast and Annual Business Planning activity for LOB and yearly budgeting.
Variance analysis referring with Contract for pricing deep dive the contracts and gives reasons of differences.
Cash forecasting to provide Future billing and identify the misbalances on Estimations. Liaising with stakeholders, managing customer queries, updating tracker, and finding root cause analysis
Prepare Variance Analysis, Allocations, Headcount & consolidation group reporting.
Assist targets/budgets and course corrections against plan vs actual
Providing effective reports and analysis including forecasts for management decisions
Monthly Performance dashboard preparation. MEC dashboard and internal performance report preparation in Power BI.
As Group lead @AHS
Leaded a team of 17 members end to end AP, AR & GL for three US clients
Prepared Standard Operating procedure for AP, AR & GL.
Comprehensive knowledge on Balance sheet and P&L analysis, segment & consolidated wise.
Provided General Ledger support and analysis inclusive of period end financial close responsibilities.
Monitoring & following up with the team and ensuring that all the holds are cleared for the current period before closing the book
Ensuring reconciliation of bank accounts and other accounts; assisting Accounting Team in preparing balance sheet & budget reports and ascertaining accurate & timely monthly, quarterly & year end close
Ensuring that all the balancing activities are performed and audited before sharing for the confirmation Developing & reviewing operations performance reports and devising corrective action plans.
Ensuring reconciliation of bank accounts and other accounts; assisting Accounting Team in preparing balance sheet & budget reports
and ascertaining accurate & timely monthly, quarterly & year end close.
Responsible to post the revenue actuals and reversals for the quarter end and also posting Hedging Journals in ERP.
Ensured that all transactions are correctly reflected in the ledger on a country basis.
Setting out in house standards & SOPs for various operational areas to ensure smooth functioning of the process.
Defining KPIs, allocating work to the team members, conducting fun activities and monitoring & ascertaining improvement in al l
aspects of process metrics, quality, people metrics and performance scores.
Project lead for Arc.in Implementation in F&A team & RACM controller for internal and external Audit. Experience in effort an analysis & FTE forecast preparation & managing KRA for team members. Organized and detail-oriented with a strong work ethic. - Demonstrated strong organizational and time management skills while managing multiple projects.
Roles & responsibilities in Petrofac:Chennai, India, Tamil Nadu
Finance Accountant
03.2014 - 07.2021
Job overview
- Roles & responsibilities in Petrofac:
BG, ICO, Recharge and other activities:
Reconciling all 64 ICO confirmation in P Ltd process and tracking and maintaining it.
Perform the various accounting functions in billing, AR & AP process in Intercompany process.
Recharges invoices are issued and received internally in Petrofac are monitored and sign off by me for P Ltd process.
Listing out the BG transaction details and providing it to AP team for accounting once accounted recharging it to respective entity by team members every month and I approve it from my end.
Activities such as IC netting, Sweep, Fx upload, RCF term loan, BG, Fx trade listing, Overview cash transaction, Payment report and Fx-settlements are monitored, entries accounted by subordinates are posted by me.
Submission of all MEC activities monitored and controlled as per the timetable assigned to me through checklist and submitted to onshore team on monthly basis.
- Fund transfers, IC & bank transaction Postings:
Providing fund to respective bank account with fund request from Onshore team for initiating the vendor and payroll transaction on
monthly basis & Posting all Inter company entries passed in ERP with necessary back up.
IC Call accounts Intercompany settlement between the entities are managed and reported to Group Finance team in onshore on
monthly basis.
Posting of bank related transactions such as bank charges, bank interest, Guarantee commission, Standing Order, Cash management entries Etc., - Bank Reconciliation process:
Leaded a team of 4 members to perform BRS activities for 30 banks with 350 bank accounts with multiple currency.
Analyzing BRS queries, cracking out challenges and scrutinizing unidentified transactions both GL and bank and following up with respective team to clear the same And presenting the dash board to the management on the BRS process with ageing and balances
Responsible and answerable for all BRS activities of various entities of Petrofac group.
Second point of contact in bank for any queries or dispute in bank transaction such as receipts, rejection, refund, payroll, Etc
Hewlett Packard, HPChennai, India, Tamil Nadu
Financial Analyst III
06.2012 - 02.2014
Job overview
- Roles and responsibilities in HP:
- IC Interface Management
Daily interface AR.
Correction of Interface errors
Resubmission of Interface rejections - IC Invoice Issuing Posting
Issuing of Overseas statement request and invoice request.
Ocean Invoice actualization into the software mode.
Preparing and Posting of manual invoices
Posting of journals for clearing open items in MART. - IC Accounts Matching Process
Manage SIP Accounts assigned and ensure Invoices are accounted on time
Liaise with the overseas partners for necessary Supporting documents to assign it to operations.
Matching of SIP accounts in MART tool.
Create JV for matched and unmatched items in Mart tool.
Rising of IRCN (Cr note) for queries and follow up with overseas. - MECReporting
Monthly suspense report to operation.
Interface last bulk receive from overseas.
Responsible for addressing and tracking IRCN mail.
Tracking and controlling of RACM controls.
Daily download of IHB statement and classification.
Preparing and posting of ICE clearing entry.
Preparing and posting of Transshipment & ICO Write off.
ETA O General Pvt LtdChennai, India , Tamil Nadu
Accounts Assistance
10.2009 - 06.2012
Job overview
- Roles & Responsibilities in ETA O General:
- AP process:
Responsible for handling accounts payable by accounting invoices and making payment transactions.
Creation of vendor codes in SAP, checking Vendor bills and accounting it.
Raising of debit note & credit note to vendors.
Request creation of Vendor codes in SAP and categories the type of vendor to GL team.
Vendor reconciliation.Fund transfer, Cheque requests and petty cash
Preparation of NEFT, RTGS & Cheque payment to vendor and bank transfers.
Monthly Petty cash withdrawal from Bank for HO purpose.
TDS &Tax filling support:
Deducting TDS as per the categories under their respective sections.
Filing of Returns quarterly / annually on TDS deductions and issuing of TDS certificates.
- Bookkeeping and audit query:
Posting of bank entries and book keeping.
Handling both internal & external audits very frequently for queries.
Education
University of Madras , Chennai, India
MBA from Finance & Accounting
05.2010 - 06.2012
The New College, University of Madras, Chennai, Tamil Nadu
Bachelor of Arts from Commerce
04.2006 - 07.2009
Skills
Roles & Responsibilities in ETA O General: AP process: Responsible for handling accounts payable by accounting invoices and making payment transactions Creation of vendor codes in SAP, checking Vendor bills and accounting it Raising of debit note & credit note to vendors Request creation of Vendor codes in SAP and categories the type of vendor to GL team Vendor reconciliation Fund transfer, Cheque requests and petty cash Preparation of NEFT, RTGS & Cheque payment to vendor and bank transfers Monthly Petty cash withdrawal from Bank for HO purpose TDS &Tax filling support: Deducting TDS as per the categories under their respective sections Filing of Returns quarterly / annually on TDS deductions and issuing of TDS certificates Book keeping and audit query: Posting of bank entries and book keeping Handling both internal & external audits very frequently for queries
undefinedAdditional Information
- Awards & Achievements
Conferred with various awards & appreciations across the career:
Double promotion in Aug 2022 at Access Healthcare, Chennai
Standout Performer in Feb 2022 From Hillwood Client(AHS).
Value Camp in Dec 2022 From Hillwood Client(AHS).
Acknowledged appreciated for outstanding contribution for year end closure by Elk Range (Oil & Gas) Client during Dec 2022 at
Access Healthcare, Chennai
Played a key role in the successful execution of Arc.in Software in 2022 at Access Healthcare, Chennai
Got appreciation from AHS management to implement RACM (Risk Analysis Control Matrix) in Hillwood and Elk range Process in 2022
Best Innovator Award in Dec 2022 for providing 7 processes Improvement ideas at Access Healthcare, Chennai in 2022
Successfully implementation of AP & AR process in BBI client and got appreciation.
Successfully completed multiple business process transition for three Clients from US through Zoom and Microsoft Teams and got
appreciations from clients during 2021 & 2022 at Access Healthcare, Chennai
Got appreciation from Petrofac Management for identifying the two double payments during 2017 449 k) & 2018 907 K).
Got appreciation from Senior VP in Petrofac to identify Banker error pre transition in 2013 and the same was followed and recovered
OMR 16 k ($ 41 k)
Timeline
Finance Accountant
Roles & responsibilities in Petrofac:
03.2014 - 07.2021
Financial Analyst III
Hewlett Packard, HP
06.2012 - 02.2014
University of Madras
MBA from Finance & Accounting
05.2010 - 06.2012
Accounts Assistance
ETA O General Pvt Ltd
10.2009 - 06.2012
The New College, University of Madras
Bachelor of Arts from Commerce
04.2006 - 07.2009
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