Joydeep Ghosh

Treasury - Payments and Reconciliations

• Schedule and release Payments and Direct Debit Payments & Collections with precision.
• Ensure payments are processed according to established payment plans and undergo rigorous control checks.
• Conduct daily reconciliation of Bank Account Statements uploaded in SAP, maintaining accuracy and timeliness.
• Review Bank Reconciliations by comparing bank statements with the GL and clearing accounts, resolving any discrepancies promptly.
• Proactively communicate with the bank to address payment queries and clarify items on bank statements, ensuring smooth financial operations.
• Monitor Operational Bank accounts and Direct Debit mandates regularly to validate their status and compliance.
• Manage netting processes by posting Intercompany journal entries for cross-company enabled locations, promoting financial efficiency.
• Conduct reconciliations between Treasury and accounting systems to maintain data integrity and accuracy.
• Facilitate monthly business review calls with stakeholders, fostering effective communication and alignment on financial matters.

Direct Cash Flow

• Conduct precise daily Direct Cash Flow forecasting, mitigating unnecessary borrowing costs and optimizing fund utilization for enhanced returns.
• Track daily receipts and payments accurately in bank accounts, ensuring up-to-date financial visibility.
• Provide insightful variance commentary to management by comparing daily forecasted cash flows with actuals, facilitating informed decision-making.
• Collaborate with Global Treasury to support cash pooling and funding initiatives, maintaining optimal liquidity levels and maximizing fund efficiency.
• Perform meticulous reconciliations between Direct and Indirect Cash Flows.
• Engage with Business stakeholders to discuss and drive initiatives aimed at achieving Cash Flow targets, fostering alignment and accountability.
• Evaluate various analytical models to enhance forecast accuracy and proactively identify potential outliers, optimizing the forecasting process for improved insights and decision-making.

Indirect Cash Flow & CapEx

• Collaborated closely with multiple teams including FP&A, Control, Supply, Procurement, Treasury, OTC, and P2P, serving as a strategic business partner
• Tracked and monitored actual results of Indirect Cash Flow, Core Working Capital, and CapEx, ensuring financial stability and operational efficiency
• Conducted monthly reviews of Cash Flow and CapEx performance with Zone/BU CF & CapEx Managers, Cash Flow Director, VP Finance, and operational managers, providing insightful analysis and actionable recommendations
• Played a key role in preparing and assisting the business with Top-Down and Bottom-Up Budgeting for Cash Flow and CapEx, leveraging tools like Cognos and ensuring alignment with organizational objectives
• Tracked and optimized various business KPIs including Cash Conversion %, CWC%RNT, CapEx % NR, CapEx % EBITDA, WART, WAPT, DxO, Overdue & Commercial loss % Receivables, driving continuous improvement initiatives
• Prepared and posted MEC Journals in Cognos for Actual & Budget Revision of EBIDTA, Cash Flow lines such as Tax, Core Working Capital, and CapEx, ensuring accuracy and compliance with financial reporting standards
• Implemented automation for monthly Actual reporting, streamlining the process and ensuring timely and accurate financial insights.
• Spearheaded the development of Budgeting & Forecasting capabilities in Anaplan, leveraging advanced functionalities to enhance accuracy and agility in financial planning processes

Indirect Cash Flow & CapEx

• Facilitated and created RIA & RDA for approvals within the CapEx 360 tool, ensuring efficient and transparent CapEx management
• Oversaw reconciliation between CapEx 360 and ERP systems, ensuring data accuracy and alignment across platforms
• Collaborated closely with the FA team to manage IO creation, budget allocation, and corrections in the ERP system, enhancing financial control and accuracy
• Uploaded Year-to-Date (YTD) CapEx actual spend data into Anaplan and proactively followed up with functional owners to obtain forecast information within established deadlines, ensuring timely and comprehensive financial planning
• Consolidated CapEx Actuals and Forecast data to finalize CapEx results, facilitating informed decision-making and resource allocation
• Conducted comprehensive variance analysis of Cash Flow and CapEx Actuals against Budget, Last Month, Last Year, and Forecast, providing actionable insights to stakeholders
• Engaged in monthly forecasting of Indirect Cash Flow and CapEx for future periods, supporting effective financial planning and resource allocation
• Assessed Forecast accuracy based on finalized CapEx results, ensuring alignment with financial objectives and targets
• Facilitated the capitalization of people costs by posting MEC MJE, ensuring compliance with accounting standards and accurate financial reporting

Fixed Assets

• Directed a team of 5 professionals as the Lead of the Fixed Assets department, ensuring efficient operations and adherence to organizational goals
• Oversaw all facets of the Fixed Assets process, from acquisition to disposal, including managing Asset Under Construction (AUC), impairments, depreciation run & projection, roll-forward, and audit activities
• Conducted and reviewed balance sheet reconciliations using Blackline, ensuring accuracy and compliance with accounting standards
• Facilitated monthly OpEx to CapEx reclassifications, optimizing resource allocation and financial reporting accuracy
• Managed the filing of SOX documents and communicated financial data to the business community, ensuring regulatory compliance and transparency
• Engaged in monthly internal audits and annual statutory audits, actively participating in audits and ensuring compliance with audit requirements
• Maintained and reported Key Performance Indicators (KPIs) and Critical Service Level (CSL) metrics, providing insights into departmental performance and driving continuous improvement initiatives

Commissions and Roaming

• Administered commission payments to dealers and retailers, ensuring accuracy and conducting monthly comparisons to evaluate performance
• Managed monthly accrual postings and conducted comparisons with actual data, facilitating financial transparency and decision-making
• Prepared weekly and monthly sales reports accompanied by insightful commentary, enabling stakeholders to gain valuable insights into sales performance
• Processed cost invoices received from roaming partners, ensuring timely and accurate booking of expenses
• Uploaded revenue invoices into SAP and conducted Netting activities with cost invoices, streamlining financial transactions and optimizing cash flow management
• Conducted cash applications and proactively followed up with customers to ensure timely payments, enhancing liquidity and reducing outstanding balances

Accounts Payable and Vendor Management

• Managed comprehensive invoice processing, handling PO, Non-PO, Discount, and Debit/Credit Memos efficiently
• Ensured accuracy in purchase orders by maintaining constant communication with purchasers and addressing discrepancies promptly
• Coordinated closely with goods receivers to ensure timely posting of goods receipt entries, facilitating smooth invoice processing
• Proactively communicated with vendors to resolve discrepancies, including collecting fresh copies of invoices for rescanning when necessary
• Identified and analyzed blocked documents, providing daily reports to facilitate resolution and maintain workflow efficiency
• Oversaw the creation, modification, and upkeep of vendor master data, ensuring accuracy and compliance
• Contributed to Quality Checking and Vendor calling teams, enhancing process effectiveness and vendor relationships through proactive engagement