Karpagam Srinivasan
Experienced Finance Professional
Chennai,Tamil Nadu
Summary
Seasoned FP&A professional with 17+ years of experience looking for roles in any of the Finance and Accounting domain. Looking forward for any challenging and interesting opportunities to prove and improve my experience.
Overview
20
20
years of professional experience
7
7
years of post-secondary education
1
1
Language
Work History
Senior Team Manager
Global Business services
Chennai, Tamil Nadu
07.2021 - Current
- Handling an Annual operating Plan, Forecast and Month end activities for Global Business services and Global Business functions Organizations.
- Responsible for preparing various monthly management reports like Headcount report, Variance analysis between Plan/ Forecast with Actuals and explaining the reasons for the same with commentaries to various stakeholders.
- Bottoms up preparation of Forecast/ Plan based on happenings in the respective functions and aligning them with targets given from top down.
- Loading plan numbers at cost center level.
- Responsible for monthly cost charging to respective business units based on the agreement and proportion of services through intercompany billing.
- Standardizing reports and ways of working across hubs and establish single way of working.
- Analyze adhoc requests and accommodate them in monthly MIS reporting.
- Work with team to improve the ways of working and automation of manual reporting.
Senior Team Manager
Shell business operations
Chennai
10.2012 - 06.2021
- Handled a team of 17 and my team is responsible for Lubricants product costing and management reporting for lubricants business across various countries globally.
- Automation project completed with Power BI for monthly reporting for first level commentaries which helped in 4 FTE efficiency.
- Delivered various value delivery projects which contributed $5 million to Margin improvement, in collaboration with business teams.
- Strong stakeholder management handling regional finance managers, Business GMs.
- Involved in yearly planning exercise and quarterly LE process and monthly variance analysis by coordinating with various business and finance teams across countries.
- Part of GSAP migration team for Egypt and involved in testing for the Production costing role.
- Responsible for yearly calculation and revision of plant OPEX activity rates based on ABC costing which are part of Product cost of the Lubricant
- Part of C5 automation project designing the framework for C5 Analysis. Data extraction and first level analysis now part of spot fire. Providing guidance for creating a more improved version in Power BI.
- Determination of product cost estimate and actual cost on monthly basis.
- Analyze and Report variance between estimate cost and actual cost of Raw Materials and finished goods.
- Analyze and Report variance in Profit and Loss to management between plan and actual.
- Analyze and Report customer margin and product margin on monthly basis.
- Determination of Estimated Overhead Rates on yearly basis.
- Part of Flushing Project which aimed at reducing the Flushing cost
- Preparing Variance analysis reports which will give comparative analysis with previous year and Previous month numbers
- Analyzed C5 (Net Profit) for Lubricants supply chain profit center for EMEA region and report commentaries for the variance.
- Performed Deep dive analysis into various contributor of C5 variances like Purchase and Sales Lag,Product loss,supply chain expenses,etc
- Worked on the root causes for any issues which contributed C5 variances and fix them by coordinating with other teams. eg. Wrong Base Oil price, Wrong Intergroup sales price,etc.
Management Accountant
Logica Pvt. Ltd
Chennai
11.2007 - 06.2011
- Uploading Forecast into the Cognos TM1 reporting module
- Comparing actual with forecast and analyze on the reasons for the variances
- Preparing reports for Logica’s various Line of business
- Preparing Project wise profit and loss analysis report
- Processing Cost transfer journals from one project to another
- Monitoring the billing and revenue recognition for all the projects under the division
- Raising Invoices for Intercompany Settlements
- Analyzing intercompany cost booked to the project
- Uploading orders into Agresso system for entire Logica UK and sending various reports for the same
- Preparing CEO slides containing details of entire performance of business for Northern and Central Europe location comprising of 14 countries
- Preparing overall project performance report for France and Central and Eastern Europe
Junior Analyst
Ford Business Services Center
Chennai, Tamil Nadu
11.2007 - 06.2011
- Comparing actual with forecast and analyze on the reasons for the variances
- Preparing Overhead analysis report for various expenses
- Processing adjustment journals if required
- Preparing Operations status report for the period
- Raising Invoices for Intercompany Settlement
- Follow up and clearance of items in rebillable accounts before month end.
- Performing intercompany balance confirmation process and make sure that the receivable and payable books tally with each other.
- Handling Intercompany related billing queries and solve them appropriately.
- Performing revaluation journals for open liability in payable accounts.
- Managing a team of 4 and responsible for the approval of the reconciliations performed by the team.
- Handling customer mails and responds to them within one day TAT.
- Attending conference calls with international market for process related issues
- Analyzing the root cause for the reconciling items and ensures proper control in place for avoiding future recurrence of the same.
- Performing outside and intercompany accounts payable reconciliations.
Senior Contract Administrator
Hewlett Packard
06.2004 - 10.2007
- Performing quality checks for the Renewals and amendments for support contracts of customers of Asia Pacific within TAT.
- Maintaining ISO documents for audit purpose.
- Conducting ISO Awareness sessions to the team members.
- Mentoring the process knowledge to new hires and turn around to make them productive within standard time.
- Responsible for allocation of Work to the other team members, Frontend Focal point, responding to Customer Emails.
- Responsible for analyzing internal errors and customer rejects and implementing corrective and preventive action.
- Responsible for managing escalation of issues and following up with front end
Education
B com - Commerce
Madras University –Meenakshi College For Women And Secured
06.2001 - 05.2004
CMA Intermediate -
The Institute of Cost Accountants of India
06.2003 - 06.2007
Skills
Financial Planning and Analysis
Product Costing
Accounting and Reporting
Team Handling
MIS reporting
Variance Analysis
Timeline
Senior Team Manager
Global Business services
07.2021 - Current
Senior Team Manager
Shell business operations
10.2012 - 06.2021
Junior Analyst
Ford Business Services Center
11.2007 - 06.2011
Management Accountant
Logica Pvt. Ltd
11.2007 - 06.2011
Senior Contract Administrator
Hewlett Packard
06.2004 - 10.2007
CMA Intermediate -
The Institute of Cost Accountants of India
06.2003 - 06.2007
B com - Commerce
Madras University –Meenakshi College For Women And Secured
06.2001 - 05.2004