Karthik M
Project Accounting Senior Analyst
Bangalore
Summary
Detail-oriented and results-driven Project Accountant with 10 years of experience in managing project finances, ensuring compliance with accounting standards, and supporting project management teams. Proven ability to analyze financial data, prepare accurate reports, and contribute to the successful execution of projects. Adept at using accounting software and ERP systems to streamline processes and enhance financial accuracy. Committed to leveraging expertise in project accounting and team management to drive financial success and deliver exceptional project outcomes.
Overview
10
10
years of professional experience
Work History
Project Accounting Senior Analyst
AECOM Global Business Services
1 2022 - Current
- Ensuring Professional Services projects are properly set-up in accordance with Statement of Work (SOW) and ensures invoicing and revenue are accurately generated
- Understanding of (T&M), percent of completion ( Fixed Price) revenue recognition type of projects
- Manage accounting and financial reporting for multiple large-scale projects, ensuring timely and accurate financial tracking
- Prepare and analyze project budgets, forecasts, and financial statements by providing insights to project managers and stakeholders
- Perform Federal Acquisition Regulation Overhead Reconciliation for Clients i.e DelDot and SEPTA for over 60+ projects
- Assist in preparation of project risk analysis like RAR/WAR and RES
- Prepare unbilled analysis report and calculate reserves based on project status
- Participate in projects reviews and address query related to Projects with Project Managers/Operations Team
- Handling project portfolio with 200 projects in Northeast Transportation line of business and train team members on project activities
- Active participant in Training committee for US east region.
General and Operational Accounting Analyst
NTT Data
11.2019 - 10.2021
- Reviewing Contracts with pre-defined checklist to ensure that revenue is recognized in accordance with US GAAP SEC standards ASC 605 and 606
- Perform revenue recognition deal review for multiple line of business within NTT DATA such as Software License, Hardware, Support, Consulting etc
- Computing POC for Milestone projects and provide revenues on monthly basis
- Monitoring variance of Revenues for Month-on-Month basis to identify in-accuracy or delays in revenue recognition
- Preparing Monthly Pack to give comments for Variance between current Quarter and previous Quarter and reporting it to client
- Providing Balance Sheet comments for variance in Balance Sheet accounts between previous period and current period
- Reviewing Bid/Cost models for POC projects and ensuring not to have cost over-run for any point of time until project gets over
- If at all cost over-run happen, asking detail justification to concern delivery person
- Responsible for audit queries and providing data to auditors for samples selected by them
- Performed on UAT RAR (Revenue Accounting Recognition) Testing
- Preparing Days Sales Outstanding Analysis Report and sharing it across to line of business.
Accountant Revenue Recognition
ASPECT TECHNOLOGY CENTER (INDIA) PVT LTD
05.2017 - 10.2019
- Creating projects of Fixed Price, Time & Material
- Responsible for Project Funding and Costing
- Booking projects by validating Customer Order packs and setting up project
- Analyze and approve Vendors Bill rate for Projects and generate revenue and invoice accordingly
- Month end activities like Revenue Accruals, Invoicing monthly billing customer & unbilled report
- Review standard operating procedures (SOP) and Flow charts of new / existing reports
- Monthly MIS & QBR Reporting
- Performing Audit on time.
Project Accounting Senior Analyst
Oracle India Pvt
11.2014 - 05.2017
- Creating new projects in Fixed Price, Time & Material as per requirement between country and customer
- Worked on end-to-end process for consulting line of business, from project setup to revenue reconciliation, handling all communication with Oracle Line of Business
- Performing as Revenue controller by handling Fixed price automation for FP Customer facing projects
- Generating revenue and invoices based on work done and as per agreed contract term
- Performing UBR (Unbilled Revenue) analysis
- Generating revenue and invoices based on work done and as per agreed contract term
- Taken initiative and given process improvement ideas and Documentation to standardize process.
Education
Bachelor of Business Management (Finance) -
CMR Institute of Management Studies
Bangalore, KarnatakaMaster of Business Administration - undefined
Sikkim Manipal University
Gangtok, SikkimSkills
Workbench Application
Oracle 11i and 12R
APIC
SAP
SAP BI tool
NetSuite
Sales Force
Word, Excel, and PowerPoint
Business Etiquette
Time management
Accomplishments
- Received Above & Beyond - March'24 and Ace Awards - Q2
- Successfully handled projects with over 300-400 task for Client CSX and NORFOLK SOUTHERN CORPORATION Projects which contributes major portion of Revenue.
- Successfully Demonstrated task level revenue issues for some of the old Northeast transportation projects.
- Worked on manual migration of projects from Oracle to NetSuite.
- Boot Camp trainer for more than 50 New Joiners.
- Logged Youreka ideas for process improvement.
- Created Process Documentation to help the New Joiners.
Areas Of Interest
- Passionate about fostering a collaborative and high-performance work environment.
- Mentoring and coaching team members to enhance skills in Process related activities.
- Enthusiastic about implementing best practices in project management to drive efficiency and success.
DECLARATION: -
I certify that the foregoing information is correct and complete to the best of my knowledge, and nothing had been concealed. If provided an opportunity I will abide to the norms of the organization and serve the best part of myself.
Timeline
General and Operational Accounting Analyst
NTT Data
11.2019 - 10.2021
Accountant Revenue Recognition
ASPECT TECHNOLOGY CENTER (INDIA) PVT LTD
05.2017 - 10.2019
Project Accounting Senior Analyst
Oracle India Pvt
11.2014 - 05.2017
Project Accounting Senior Analyst
AECOM Global Business Services
1 2022 - Current
Bachelor of Business Management (Finance) -
CMR Institute of Management Studies
Master of Business Administration - undefined
Sikkim Manipal University
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