Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic

Jyothi Mundhda

Overview

17
17
years of professional experience

Work History

Tax & Audit Assistant, AUDIT ASSISTANT

LAXMI NIWAS JAIN & Co
04.2006 - 03.2007
  • 1 year of experience in, Working on Verification of Accounting statements
  • Going for Auditing to various firms and checking their financial statements
  • Finalization and preparation of Financial Statements of Accounts of Companies and Firms
  • Preparation and submitting the Income Tax Returns of Individual and HUF
  • Fixed Asset Audit, Bank Audit, Stock Audit
  • Finalization of Accounts
  • Other correspondence work
  • SIGNIFICANT ACHIEVEMENTS: Laxmi Niwas Jain & Co
  • Performed Internal and Statuary Audit of Various Sole Proprietary Concerns, Partnership Concerns and Private Companies
  • Preparation of Financial Statements for reporting purposes as per the Companies Act
  • Preparation of Returns forms and helping in Filing of IT Returns for both Individuals and Partnership Concerns.
  • Reviewed clients tax filing papers thoroughly to determine eligibility for additional tax credits or deductions.
  • Maintained complete records of client tax returns and supporting documentation in secured areas.
  • Prepared tax returns for clients in various industries according to government regulations and requirements.
  • Delivered comprehensive tax documentation required for accurate individual and corporate returns.

R2R Manager

Sky Specs, Fincovi
03.2022 - Current
  • As on
  • Role: Do End to End accounting for developed and developing assets for renewable energy- Manage complete AP, Treasury team from processing of invoices till preparation of financials
  • Processing, validating AP/AR invoices
  • Creation of payment runs and client approval
  • Supplier mailbox monitoring
  • Bank Matching, Bank reconciliation
  • VAT reporting and submission of VAT returns working on VAT queries from ROSS
  • Management accounts
  • Balance sheet and Profit & loss Validation
  • Creditors & Debtors report
  • Calculating Indexed value and rate for year-on-year turbines
  • Significant Achievements:
  • Learnt about renewable industry accounting
  • Looking in detail financials of Renewable energy
  • Checking profitability ratio of each windmill
  • New Software FAM.

TEAM Manager

01.2015 - 02.2022
  • Managing different customers globally and handling team of 9 members and working on end-to-end accounting (Revenue accounting, Intercompany, SG&A and Reconciliation)
  • Revenue accounting, Reconciliation and SG&A for 5 years:
  • Team Handling: Guide and lead the team on the following activities (Team Size: 9)
  • Customers: Managing different customers globally – Handled Revenue Team, SG&A, Reconciliation, Student Resource and National accounts
  • Month End Reports: Monthly reports, Monthly Reconciliations in blackline (Along with Black line admin role), Accrual entries, Variance analysis reports
  • Revenue Accounting: Flux analysis, Variance reports, SOX, SGA commission estimation, prepaid postings, disconnects process, working on revenue accruals, matching on revenue at policy level, GL to SL match, STAT filings, Customer reports, revenue analysis etc
  • Analysis Reports: FP&A (Flux Variance analysis, Data analysis, Statutory filings, SOX Reviews, estimation, SG&A cost, broker commission etc.)
  • Projects: part of Automation team (Conversion to SAS(FIN360), Excel; Access automations, and share point creation)
  • IIPAS team (Inter company for 2 Years):
  • Handling IIPAS team: Managing Automated IC postings through VSF (Volume submission files, Control checks, Control reports, Product Mapping, IDB date adjustments, Variance analysis, IC adjustments, Membership, and rate analysis, IIPAS trial runs, IIPAS final runs, Submission to PS
  • VSF Submissions: Managing Automated IC postings through VSF (Volume submission files, Control checks, Control reports, Product Mapping, IDB date adjustments, Variance analysis, IC adjustments, Membership, and rate analysis, IIPAS trial runs, IIPAS final runs, Submission to PS
  • Manual JE postings: Helped in posting I/co manual entries for I/co team, Revenue recognition project adjustments
  • SIGNIFICANT ACHIEVEMENTS: Optum
  • 7.1 years of experience in UHG as “Manager”, now from last 3.1 years working as people manager
  • Worked in revenue accounting & reconciliation team as a manager – Handling team of 9members, 5 are direct reportees - Managing team, CR reviews, CLL (Common Leadership language), MAP and giving them regular feedback and supporting them in various projects
  • Worked on Automation project – Completed 6 project migration fin360 which is saving around 80 hours in a month, increase efficiency, saves time, and added controls
  • Worked on SOX reports, FIN360 projects, Automations, Reconciliations, Financial planning, Flux analysis
  • Learnt MLRE project along with Revenue accounting, SG&A & reconciliation team role
  • Received 7 awards till now (Best debutant & 2 Best performance award& 1 Best manager award, 1 lean award)
  • Received best team award in Mar 2021
  • Intersegment team for IIPAS (Intersegment Intercompany Pricing & Accounting system), posting journals, Reporting, Reconciliation
  • Help in Revenue Code project in Manual JE’s
  • Implemented 7 bright ideas (2 relates to controllership) 5 are simplification, 1lean idea and 6 projects
  • Floor Wide incentives – Participated and won in cooking, Rangoli, Independence Day, quiz, Friday fun and yoga trainer.

Assistant Manager

GENPACT INDIA, Thomson Reuters
05.2007 - 01.2015
  • Managing different customers globally and handling team of 2 members and working on end-to-end accounting (IC, Reconciliation, Fixed assets, FP&A and AP)
  • Handling IC process in, : Learnt IC process entirely – IC mismatches, settlements, Reconciliations etc.…
  • Project for IC: India Settlements & World check: Cleared INR 750MM on India settlement and INR 20MM on world check
  • Handling UPIBV Process: Royalty invoicing (Extraction of statements, invoicing, asking for settlement and finally clearing from both CIT & Customer books), AP postings & Clearings, DR reporting (AR DR, Taxation DR, Interest Expense DR, Audit Fees DR, Fixed asset DR), VAT Report, Dutch bank report, Reconciliation – Monthly & Quarterly, Checks – WHT, Income & Expense
  • Remote transition & Handling IC Process: Remotely done transition for I/Co process, IC postings, IC settlements, Clearings, FX postings, Variance postings
  • Handling Team – Work allotment to the processors, working with the team, explaining new process to the processors, reporting daily report to the Manager
  • Giving feedback to the team members and helping them to improve
  • Reviewing the work done by team members for quality
  • Handling Matrices Team – Updating Employee Personal Information, Maintaining the Reports regarding Process Time Tracking and Utilization of time, uploading work Request Form into Wisdom and Pulling the Report from Wisdom
  • Preparing Reports of Matrices and MIS Reports (using Pivot tables, Charts, V Lookup, H Look up and flexible with all short cut keys in Excel)
  • Preparing Variance analysis report and reporting to the clients
  • Helping Team Members: Help CNBC team during migration from PS to SAP, ITVP transition of recs and team members as when require
  • SIGNIFICANT ACHIEVEMENTS: Genpact
  • Key Achievements: 7.4 years of experience in Genpact India as “Assistant manager”
  • GB Certified – 1M Business Impact on Debit balance project
  • Working on Projects in Thomson Reuters (Genpact) on India Settlements and world check cleared 750M INR and 20M INR respectively
  • Received Certificate of Recognition from Alex Buss (CEO of Universal Pictures) and Allan Coleen (VP Of Comcast)
  • Received Finn ovation Award in 2009
  • Remotely transition Inter Company process from UK
  • Help Global networks in cleaning up of accounts and establishing them in a good manner
  • Addition of 3 FTE in the same process
  • Received 3 Star awards for best-in-class performance
  • Received 3 Key Contributor award for helping team members whenever needed
  • Handling a team of five members in an efficient manner- Received Appreciation from business and an award for the same.

Audit Assistant

LAXMI NIWAS JAIN & Co
HYDERABAD
04.2006 - 03.2007

Education

B. Com - undefined

XLRI, Osmania University

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Inter - undefined

St. Georges degree College

Skills

CANDIDATE SNAPSHOTundefined

Accomplishments

  • GB Project - Open Debit balance for International AP:
  • Methodology: DMAIC - For Debit balance lying in vendor accounts
  • Reduce Debit balance from 1.4 MM to US$ 760K
  • Recovered around $144K from Vendors
  • Liaison with AP team to provide an update on
  • Research & analysis of Debit
  • Chasing Vendors for refund
  • Rectifying manual error from AP
  • Cleared around 1000 Open items in SAP
  • Impact-USD 145K cash recovered from vendors, reduction in debit balance from 1.4M to 761K
  • Lean Idea- Conversion of SOX reports to SAS:
  • Methodology: SAS enterprise Guide
  • Save 240 hours in a year
  • Increase efficiency
  • Reduce manual intervention
  • Controls enhancements
  • Automation Projects: Part of Automation team in Optum, helps to convert and understand SAS coding, supported team in automation of various processes – Overall 80 hrs
  • Per month saving
  • Methodology: SAS enterprise Guide, Excel, and Access Macro’s
  • Increase efficiency
  • Reduce manual intervention
  • Controls enhancements.

Timeline

R2R Manager

Sky Specs, Fincovi
03.2022 - Current

TEAM Manager

01.2015 - 02.2022

Assistant Manager

GENPACT INDIA, Thomson Reuters
05.2007 - 01.2015

Tax & Audit Assistant, AUDIT ASSISTANT

LAXMI NIWAS JAIN & Co
04.2006 - 03.2007

Audit Assistant

LAXMI NIWAS JAIN & Co
04.2006 - 03.2007

B. Com - undefined

XLRI, Osmania University

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Inter - undefined

St. Georges degree College
Jyothi Mundhda