HARSHAL SHAH
Pune
Summary
Experienced in Finance Operations for 12+ years.
Supply Chain Management (SCM), P2P, GR-IR, General Ledger (R2R-GL) Cash Cycle, IFRS15 & 16, Revenue Accounting, Order to Cash, SOX Controls.
Exposure in – Process mapping, Process Simplification, Robotics, Automation, Cloud Computing, UATs, Expertise in IT issues, Migrations, Vendor and Stakeholder Management, Transformation, KPIs, Efficiency.
Tools I handled- Sales force, Oracle, SAP, S4 HANA, RAR, Rev-Pro, Analytics, Power Bi, Power Pivot, AWS, Excel analytics, Nintex Pro mapping, ZUORA
Overview
19
19
years of professional experience
1
1
Certification
Work History
Manager Corporate Finance
Johnson Controls
Pune
08.2023 - Current
- Migrate corporate finance functions at India Business Center.
- Cost center analysis, Plan vs Forecasting, Evaluate necessary accruals.
- Month-end closing and Actual-to-Actual Flux analysis, Balance sheet review, and handling audit queries.
- Support to prepare plan templates across the corporate functions.
Manager R2R Finance
Johnson Controls
Pune
02.2023 - 08.2023
- Process improvement and standardization across the migrated entities
- Preparing Flow charts for the clear visibility and coordinating with the existing teams
- Balance Sheet review and highlighting risk areas.
Senior Finance Specialist - IFRS15 - COE
Hitachi Vantara
Pune
03.2021 - 01.2023
- Acting as a GEO lead of AMER for Business Process Management, process alignment and standardization along with process documentation using Nintex Pro mapping tool
- Alignment with other geographical locations for global standardization
- Assist in implementation of Advance Revenue Management (ARM) module to automate and streamline revenue accounting, assisting in User Acceptance Testing (UAT) and sign offs, support to Power Bi for process simplification and improvements
- Review SOX controls for Product reconciliation, Revenue and Cost adjustments of Salesforce order and soft key controls
- Streamline revenue accounting procedures, policy formation and implementation of standard operating practices for adherence to policies
- Interaction with Local Finance Managers and Controllers, Business Analyst, Business Coordinator, Regional Revenue Operations, Invoicing team, Logistics, Internal & External Auditors, Record-To-Report (RTR) team
- Review customer’s contracts/SOW/Order forms, sales orders and assess impact on billing schedule, Revenue and Cost
- Revenue Recognition via ZUORA REVPRO for Sales Orders, Order Review, Accounting in Oracle as per the accounting standard IFRS15/ASC606
- Work closely with sales ops and business team to identify exceptions, variations, suggest best amendments wherever applicable
- Ensure that all required approvals, including pricing exceptions, non-standard financial T&C authorizations, approvals for shipments without contract are documented in order file, documentation for partial revenue recognition etc
- Ensure completeness of order files (quotes, customer PO’s, correspondence, SOW’s) and archive data according to Hitachi Vantara standards and specific country requirements
- Support FP&A team in Deferred Cost of Goods for timely revenue recognition
- Perform Balance sheet reconciliation to analysis leakages if any and provide support to external & internal auditors (Big 4) and reporting to country finance as required from time to time.
Deputy Manager - IFRS15 - Revenue Recognition
Vodafone Intelligent Solutions
Pune
07.2019 - 03.2021
- Implementation of changes to IFRS15 and related UATs, AWS implementation, testing for Power Bi reporting of Revenue Recognition
- Reporting real time progress to stakeholders using MS Power Bi, highlighting scope of improvement, Business decision for detailed clarity
- Using high volume data with the support of Power Pivot, Analysis for Office, and AWS/Power Bi for live reporting
- Responsible for month end closure of revenue recognition as per 5 step model of IFRS15
- Understand IAS-18 postings and their reversals, transaction price, SSP and their allocation, challenging system behavior i.e., Ab-Initio, RAR engine and complete financial reporting of IFRS15
- Performing UAT of revenue recognition, ownership of expected result and highlighting issues of RAR engine
- Risk management - Perform critical SOX controls as per their norms to make sure that “we do; what we say we do”
- Preparing B/S reconciliation and perform insightful & informed analysis for manual journal posted in MEC
- Interaction with Quality Assurance team and internal audit teams for appropriate substantiation of open line items
- Supporting Robotics and Automation, Hyperion financial management
- Performance reporting – Preparing monthly KPI, Dashboard of MJUs, and additional reports required by management
- Improve standard Gaps between RAR engine and actual position by discussing with business partners and IT in weekly health check calls
- Raising incidents with IT to build S15 engine more effective and accurate.
Senior Ex., Assistant Manager
Vodafone Intelligent Solutions
Pune
09.2014 - 06.2019
- Perform UAT’s for smooth implement of S4 HANA, worked as a BOT controller (Robotics)
- Responsible for closing accounting periods - Monthly/Quarterly/Yearly, Performing key SOX controls
- Prepare monthly balance sheet reconciliations and certification – Half yearly / Yearly and Handle Internal and External audit queries
- Variance analysis open line items, Cost Centre, COPA, Internal order management FX revaluation and GR-IR split postings
- Calculations of Accruals and prepayments, contract etc
- Posting into SAP
- Interaction with Master Data Governance team for GL changes
- Preparation of MEC calendar and RAG/KPI status, resolve HFM and FDM validation for SLT reporting, Handling escalation e-mails or issues raised by local finance team and provide necessary inputs and with quick resolution.
Supply Chain Management Executive
Vodafone Intelligent Solutions
Pune
04.2013 - 09.2014
- Creating / Alteration in Purchase orders
- GR booking on behalf of clients
- Interaction with the vendors or clients in case of quotation issues
- Matching PO three wat match
- Maintaining KPI’s and to meet expectations of Supply Chain Management.
Project GR- IR
Vodafone Intelligent Solutions
Pune
09.2012 - 03.2013
- Housekeeping –Clear open GR-IR balances and control GR-IR balance
- Chasing top Vendors of respective local markets for Vendor Reconciliation Process by calling or E-Mails
- Follow up with Purchase Order requestors to maintain balance of GR-IR account in case of GR excess
- Substantiate GR IR balance and reversals of overdue items.
Accountant
M/S VASANT AGANCY
Pune
07.2007 - 04.2012
- Responsible for Creating Purchase Orders, Accounting Entries, Maintaining Purchase and Sales Registers, Cash book, General ledger, monthly reports on MS-Excel, Daily Bank Reconciliation, VAT queries, Vendor Recons, etc.
Consultant
Samruddhi Enterprises
Pune
10.2005 - 06.2007
- Responsible for accounting entries review, Weekly reports, Purchase orders review, maintaining customer ledgers, Providing required information and reports at the time of audit period, etc.
Education
Master of Commerce in Banking and Finance -
University of Pune
01.2014
Bachelor of Commerce in Cost and Works Accounting -
Pune University – S.P. College
01.2007
HSC -
Maharashtra State Board – S.P. College Pune
01.2004
SSC -
Maharashtra State Board – N.M.V High School Pune
01.2002
Skills
- Investigative and Auditing
- Innovative and smart thinking
- Attention to detail
- Timely execution
- Data management
- Client Engagement
- Teamwork and collaboration
- Performance Management
Certification
- Perspectives for Effective Business Analysis - SkillSoft
- Agile Principles and Methodologies - SkillSoft.
- Diploma in office automation and financial accounting from CDAC.
Languages
- English
- Marathi
- Hindi
- Gujarathi
Validpassport
- Yes
Personal Information
- Date of Birth - 05/05/87
- Nationality - Indian
- Marital Status - Married
Languages
English
First Language
Hindi
Advanced (C1)
C1
Marathi
Advanced (C1)
C1
Gujarati
Upper Intermediate (B2)
B2
Timeline
Manager Corporate Finance
Johnson Controls
08.2023 - Current
Manager R2R Finance
Johnson Controls
02.2023 - 08.2023
Senior Finance Specialist - IFRS15 - COE
Hitachi Vantara
03.2021 - 01.2023
Deputy Manager - IFRS15 - Revenue Recognition
Vodafone Intelligent Solutions
07.2019 - 03.2021
Senior Ex., Assistant Manager
Vodafone Intelligent Solutions
09.2014 - 06.2019
Supply Chain Management Executive
Vodafone Intelligent Solutions
04.2013 - 09.2014
Project GR- IR
Vodafone Intelligent Solutions
09.2012 - 03.2013
Accountant
M/S VASANT AGANCY
07.2007 - 04.2012
Consultant
Samruddhi Enterprises
10.2005 - 06.2007
Master of Commerce in Banking and Finance -
University of Pune
Bachelor of Commerce in Cost and Works Accounting -
Pune University – S.P. College
HSC -
Maharashtra State Board – S.P. College Pune
SSC -
Maharashtra State Board – N.M.V High School Pune
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