G. SARAVANAN
Chennai
Summary
Dynamic finance professional with extensive experience at Magicbooks, excelling in financial reporting and compliance. Proven expertise in US GAAP and budget management, driving profitability through strategic financial analysis. Adept at leading teams and optimizing processes, ensuring timely payroll and tax compliance while enhancing client relationships.
Overview
17
17
years of professional experience
Work History
Accounts and Payroll Manager (USA and India)
MAGSTUDIOS AND PRODUCTIONS PRIVATE LIMITED
CHENNAI
02.2025 - Current
- Managing financial operations for a portfolio of client accounts, ensuring accurate billing, financial reporting, and compliance with client-specific requirements
- Prepared monthly, quarterly, and annual financial statements for clients, ensuring alignment with US GAAP and industry standards
- Conducted detailed financial analysis for clients, identifying areas for cost optimization and providing actionable insights to improve profitability
- Developed and managed budgets for clients, working closely with them to forecast revenue and expenses
- Built and maintained strong relationships with clients, serving as the main point of contact for financial queries and providing expert financial advice
- Ensured timely invoicing and managed accounts receivable for clients, reducing overdue payments
- Collaborated with clients’ internal teams and external CPA's to ensure smooth financial audits and compliance with regulations
Accounts and Payroll Manager (USA and India)
American Technology Consulting Private Limited
CHENNAI
08.2023 - 01.2025
- Accounting region USA and India
- Managed overall financial operations of the Location USA and India, ensuring accurate financial reporting in compliance with US GAAP and internal policies
- Led the month-end and year-end closing process, ensuring timely preparation of financial statements (Balance Sheet, P&L, and Cash Flow) for internal and external stakeholders
- Directed the preparation of the company’s budget and forecasts, including cash flow management and variance analysis
- Supervised a team, providing guidance on daily accounting functions, reconciliations, and compliance with tax laws and US GAAP standards
- Led internal and external audits, collaborating with auditors to ensure all financial reports met regulatory standards and guidelines
- Provided senior leadership with actionable insights, guiding decisions around financial strategy, cost control, and profitability
- Managed accounts payable/receivable, ensuring efficient cash flow management and minimization of overdue payments
- USA and India
Senior Manager – Finance & Accounts India,SEA,ANZ
Power IT Services Pvt Ltd
Chennai
09.2017 - 05.2023
- Accounting regions:- (USA, Australia, New Zealand, Singapore, Thailand, Hong Kong, Philippines and India Region)
- Managed end-to-end accounts and finance functions, ensuring seamless operations and compliance
- Ensured timely remittance of statutory payments
- Established and maintained internal financial controls, policies, and procedures to enhance compliance and efficiency
- Monitored and controlled accounts payable, accounts receivable, treasury functions, and daily accounting transactions
- Led payroll processing for both India and multiple global entities
- Oversaw the monthly financial close, maintenance of all accounting ledgers, and reconciliation of accounts
- Validated and approved accounting transactions and payroll disbursements
- Prepared cash flow statements, profit & loss accounts, and balance sheets for financial reporting
- Chennai (USA, Australia, New Zealand, Singapore, Thailand, Hong Kong, Philippines and India Region)
Associate Manager – General Ledger & Consolidation (USA Region)
Disys India Pvt Ltd
Chennai
03.2016 - 08.2017
- Oversee and manage the day-to-day operations of the general ledger team, ensuring accurate and timely financial transactions and reporting
- Lead the month-end and year-end closing process, ensuring all entries are posted accurately and financial statements are prepared in accordance with US GAAP
- Supervise a team, providing training, guidance, and performance evaluations to ensure high-quality work and adherence to accounting policies
- Review and approve journal entries and reconciliations, ensuring completeness, accuracy, and compliance with corporate policies
- Collaborate with external auditors to provide supporting documentation and ensure compliance with audit standards
- Implemented process improvements that reduced month-end close, streamlining workflows and enhancing efficiency
- Prepared and reviewed consolidated financial reports, including balance sheets, income statements, and cash flow statements for senior management
- Conducted variance analysis to identify discrepancies and proactively worked with cross-functional teams to resolve issues
- Chennai (USA, Canada Region)
Assistant Manager – General Ledger & Accounts Payable
Polaris Consulting and Services Ltd
Chennai
05.2009 - 01.2016
- Company Overview: Chennai (USA, Canada, Chile and India)
- Led monthly and quarterly financial close activities, including preparation of journal entries for prepaid expenses, depreciation, provisions, unbilled revenue, and revenue recognition
- Prepared INR Trial Balance across multiple geographies, ensuring accurate elimination entries for back-to-back transactions to facilitate financial consolidation
- Developed and maintained monthly Profit & Loss and Balance Sheet schedules, covering key accounts such as unbilled debtors, revenue in excess of billing, billing in excess of revenue, outstanding receivables, prepaid expenses, rent, and professional charges
- Conducted revenue-cost mismatch analysis, publishing debit notes to the respective departments for corrective actions
- Performed monthly reconciliation of intercompany transactions and SEC clearance accounts, ensuring no discrepancies
- Maintained and updated the Fixed Assets Register in compliance with GEO GAAP and Indian GAAP
- Coordinated with onsite teams for timely publication of Contribution Statements
- Chennai (USA, Canada, Chile and India)
Senior Executive – Bookkeeping & US Taxation
Xpitax Solutions Pvt Ltd
Chennai
12.2007 - 04.2009
- Managed payroll processing for clients across various frequencies (daily, weekly, biweekly, and monthly)
- Performed year-end accounting adjustments, ensuring accurate reclassification of Profit & Loss and Balance Sheet accounts
- Conducted monthly and yearly financial statement analysis, identifying trends and providing insights for financial decision-making
- Reviewed client bank and credit card statements, ensuring accuracy in reconciliations
- Prepared quarterly sales tax filings and monthly payroll liability work papers for compliance
- Customized QuickBooks as per CPA requirements, optimizing financial reporting and efficiency
- Chennai (USA Region)
Education
Master of Business Administration - Finance
Pondicherry University
Bachelor of Commerce -
Madras University
Certified Accounting Package Program -
ICWAI Institute
Skills
- Financial Accounting & Reporting (US GAAP, IFRS)
- Budgeting
- Forecasting & Cash Flow Management
- Accounts Payable & Receivable Management
- Tax Compliance & Audit Coordination
- Payroll Processing (India,SEA and ANZ)
- Leadership & Team Management
- ERP Systems: QuickBooks
- MYOB
- XERO
- Zoho Books
- Tally
- Financial Analysis & Business Strategy
- ERP & Financial Software: QuickBooks
- Taxation Software: Lacerte
- ProSeries
- UltraTax
- GoSystem
- Reporting Tools: PeopleSoft
- SAP
- Microsoft Excel (Advanced)
Personal Information
USA B1 Visa Holder travelled multiple times (Visa valid till 2034)
Languages
- Tamil
- English
- Hindi
Timeline
Accounts and Payroll Manager (USA and India)
MAGSTUDIOS AND PRODUCTIONS PRIVATE LIMITED
02.2025 - Current
Accounts and Payroll Manager (USA and India)
American Technology Consulting Private Limited
08.2023 - 01.2025
Senior Manager – Finance & Accounts India,SEA,ANZ
Power IT Services Pvt Ltd
09.2017 - 05.2023
Associate Manager – General Ledger & Consolidation (USA Region)
Disys India Pvt Ltd
03.2016 - 08.2017
Assistant Manager – General Ledger & Accounts Payable
Polaris Consulting and Services Ltd
05.2009 - 01.2016
Senior Executive – Bookkeeping & US Taxation
Xpitax Solutions Pvt Ltd
12.2007 - 04.2009
Master of Business Administration - Finance
Pondicherry University
Bachelor of Commerce -
Madras University
Certified Accounting Package Program -
ICWAI Institute