Lalitha Pasala
Chennai
Summary
Proven financial strategist with a robust background in budgeting and forecasting, honed at Wells Fargo International Solutions. Excelled in strategic financial assessments and effective issue management, demonstrating a detail-oriented approach. Achieved significant cost efficiencies, leveraging data interpretation skills to exceed corporate objectives.
Overview
17
17
years of professional experience
Work History
Vice President (Lead Financial Analyst)
Wells Fargo International Solutions Private Limited
Chennai
08.2019 - Current
- Responsible for preparing HR and Corporate Properties Group monthly metrics reporting and cost analysis by category
- Responsible for Monthly Business Review deck covering Direct Non Interest Expense trends by Legal Entity, Head Count, Average FTEs and Cost per Seat
- Develop and maintain monthly, quarterly, and annual expense forecasts in collaboration with department leaders
- Perform variance analysis, identifying trends, risks, and opportunities, and providing actionable recommendations
- Prepare detailed financial reports and presentations for senior management, highlighting expense performance
- Analyze historical expenditure data and apply insights to future budgeting and forecasting
- Ensure alignment between actual expenses and forecasted targets, mitigating financial risks
- Lead cross-functional collaboration to drive cost efficiencies and improve budgeting accuracy
- Preparation of Internal financial management reporting and analysis to support the enterprise, business units and functional areas such as Audit, Legal and Finance
- Involved in creating IND & PHL budget numbers in the centralized forecast tool, by providing inputs on how to create a new scenario to get this objective done with minimum impact to the existing process
- Development/gathering of business information/drivers for the monthly forecast by meeting with business leaders and reviewing past financial performance trends
- Incorporate business information/drivers into forecast - Ex
- FTEs, Average Salary, Professional Fees & Contractors Cost
- Provide financial reports highlighting actual vs
- Forecast/budget variances by line and lines of business for all comparison periods
- Participate in monthly close process by analyzing and reconciling expense activity; formulate monthly accruals/journal entries, utilizing various internal and vendor data’s to ensure alignment with budgets and forecasts
Associate Manager
Sutherland Global Services
Chennai
11.2017 - 08.2019
- Preparing region wise P&L and publishing the same for management purpose
- Analyze current and past trends in key performance indicators including all areas of revenue, expenses and capital expenditures
- Analyzing and investigating irregularities and schedule meetings with management to correct the inaccuracies
- Providing variance walks for vertical & Geo level comparisons
- Supporting corporate planning processes - Annual operating plan, monthly forecast and business reviews
- Preparing and providing of over or under absorbed cost based on budgeted standards vs actual spent for forecast
- Analyzing the variance between current forecast and prior forecast
- Preparing various dashboards (Recruitment &Training Cost, Connectivity Cost etc..) to present to the top management
- Calculation of Revenue adjustment impact due to Non-USD billings
- Preparing various Vertical and Geo Packs during Budget to present to the top-level management
- Arriving budgeted standards for all parameters based on the input received (Cost and Seats/Headcount) from the concerned team
- Analyzing the variances between the cost projected from last year to current year
- Supporting automation of P&L in Oracle Hyperion tool and reconciling the numbers from new tool
- Preparation of Executive excellence deck
Financial Analyst II
DXC Technology (Formerly known as HEWLETT PACKARD ENTERPRISES)
Chennai
05.2014 - 11.2017
- Individual Contributor for the contracts/accounts assigned to my role
- Job profile includes 1) Cost centered accounting 2) Budgeting &forecasting 3) Pricing &preparing estimates 4) Consolidating revenue & expenses 5) Participating in internal audits 6) Fixed assets reconciliation
- Processing various Journal entries namely accruals, deferrals and reclass to recognize actual revenue & cost incurred during the month
- Preparing and presenting month end close reports includes Profit &Loss account, Balance sheet, Cash Flow statements and forecast reports to business team
- Review calls with business team to finalize the forecast numbers based on additional scope and changes
- Providing variance explanation for month end close actuals comparing forecast to account executive,business manager and industry leads
- Reconciling monthly balance sheet
- Identify and implement opportunities to continuously improve processes
- Lead monthly meetings with directors to analyze spending and provide financial recommendations
- Handling additional projects and analyzes the revenue and expenses
- Participating in internal audits and providing appropriate audit evidences as per the internal auditor’s requirement
- Budgeted active and proposed projects by accurately determining pricing, margins and risk factors
- Reviewed and analyzed project spending throughout project life cycle
- Identified risks associated with projects, contract approvals and other client accounting issues
Accounts & Audit Manager
SVM Associates (Chartered Accountants)
Chennai
10.2012 - 04.2014
- Co-ordinate auditing assignments and ensure audit staff are aware of clients business and relevant issues impacting operations and audits
- Plan and conduct operational and financial audits to assure financial statements are fairly presented in alignment with GAAP
- Identify and assess risks of material misstatement of financial reports due to fraud; assess internal controls and ensure controls are effectively designed
- Design and implement responses to material misstatement, test appropriateness of journal entries while focusing at end of reporting period, review accounting estimates for bias, and analyze significant unusual transactions
- Communicate fraud or suspected fraud to managing leadership
- Examining &evaluating all statutory reports and assuring finalization of accounts for Statutory and Tax Audit
- Performed statutory, internal audits for Companies and Banks
- Preparation and filing of statutory returns for companies
- Formulated project reports including Provisional Balance Sheet, Profit & Loss Account, Cash Flow Statements, etc
- For getting bank loans
- Solving issues relating to non-compliances of tax(direct and indirect tax)
- Handled inventory management and conducted review of purchase procedures & physical verification of inventory
- Involved in verifying fixed assets and assured adequacy of insurance coverage
- Assists in the training and coaching of junior members of staff
- Served as an active member in the firm while conducting Statutory and Internal Audits
- Capably managed a team of 06team member members
- Reducing the time gap between finalization of accounts and compliance of audit
- Informed to clients about the lacunas in their accounting systems
Article Student
Gurunadha Rao & Co.
Srikakulam
10.2007 - 04.2011
- Vouching of purchase book, Sales book, and cash book
- Physical stock taking and valuation of inventories as on the year end as per the provisions of Accounting Standard – 2 issued by the ICAI from time to time
- Physical verification of fixed assets & charging of depreciation as per the provisions of Accounting Standard – 6 & 10 issued by the ICAI
- Compliance of accounting standards and companies act provisions
- Preparation of various financial statements such as Balance sheet, Income statement, Cash flow statement and accompanying schedules in accordance with the Accounting Standards and Statutory requirements for companies & other clients
- Preparing projected financial statements of companies & partnership firms for obtaining bank loans
- Analysis of draft financial statements including notes to accounts
- Scrutiny of various ledgers such as Cash book, Bank book, Journal and Bank Reconciliation Statement
- Handling Internal, Statutory and Tax Audits of various entities
- Drafting of Internal Audit reports and Statutory Audit reports
Education
C.A. -
The Institute of Chartered Accountants of India
New Delhi01.2012
Intermediate (+2) -
A.P.R.J.C
Banavasi, Andhra Pradesh01.2007
S.S.C -
Z.P.H School
Halvi, Andhra Pradesh01.2005
Skills
- Budget and Forecasting
- Revenue Analysis
- Cost Allocation & Analysis
- Strategic Financial Assessment
- Financial Variance Analysis
- Data Interpretation Skills
- Effective Issue Management
- Detail-Oriented Approach
- Statutory Compliance
- Internal Control Evaluation
- Audit Reporting
Disclaimer
I do hereby declare that the above information is genuine and true to the best of my knowledge and belief.
Languages
- English
- Telugu
- Tamil
Personal Information
- Notice Period: 60 Days
- Nationality: Indian
- Marital Status: Married
Timeline
Vice President (Lead Financial Analyst)
Wells Fargo International Solutions Private Limited
08.2019 - Current
Associate Manager
Sutherland Global Services
11.2017 - 08.2019
Financial Analyst II
DXC Technology (Formerly known as HEWLETT PACKARD ENTERPRISES)
05.2014 - 11.2017
Accounts & Audit Manager
SVM Associates (Chartered Accountants)
10.2012 - 04.2014
Article Student
Gurunadha Rao & Co.
10.2007 - 04.2011
C.A. -
The Institute of Chartered Accountants of India
Intermediate (+2) -
A.P.R.J.C
S.S.C -
Z.P.H School
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