LINGESHWARAN A

• Managing the financial and commercial aspects of Service (O&M) projects using POC accounting methodology across the India region, overseeing the project lifecycle from initiation to closure.
• Improving projects' profit margins, primarily through cost reduction and contractual variable consideration.
• Risk management – Conducting comprehensive risk assessments, quantifying risks in collaboration with portfolio managers, and implementing mitigation strategies.
• Key person for the preparation of the annual budget for the Service vertical in the India region.
• Determining the overhead cost absorption rate and the labor hourly rate annually.
• Spearheaded the implementation of global failure rates for major, minor, and retrofit corrective actions, evaluating productivity impacts on total planned costs.
• Supporting the sales department with respect to new proposals, descoping, scope inclusion, and so on, based on cost projections, and risks involved.
• Project Review - Reporting project financial status to top management, including CA/CL status, cash outstanding metrics, cost variance, and POC comparison (time vs. finance vs. billing) and other financial and performance KPI.
• Audit support, such as Risk Internal Control Audit (RIC), group audit, statutory audit, EAC audit, and so on.
• Provided necessary technical assistance and acted as a subject matter expert in operations finance.

• Designated as the single point of contact for two major operating centers overseeing Construction and Energy Services, providing end-to-end financial support.
• Spearheaded the preparation of annual budgets for each business center, focusing on indirect expenses, labor cost recovery, and project revenue & cost.
• Controlling the cost within the budget and maintaining accuracy in cost-to-come projection.
• Collaborated with business leads to execute monthly forecasting, providing justifications for variances between the budget, forecast, and actuals.
• Established labor pricing frameworks, setting labor rates to effectively recover indirect costs from operations.
• Delivered weekly performance reports to directors, evaluating business center performance based on labor effectiveness metrics.
• Represented the business centers in review meetings, presenting insights on current performance, profitability trends, and areas of improvement.

• Managed project accounting for diverse, complex projects of varying scales, ensuring financial accuracy and compliance.

• Ensured adherence to ASC 606 standards for revenue recognition (POC methodology).

Prepared project financial status reports for lump-sum and reimbursable projects, offering clear visibility into project financial performance.

• Conducted comprehensive reviews of contract documents and understood the further chances of risk involved.

• Prepared monthly cost, revenue, billing, and cash flow forecast.

• Led the preparation of the Revenue Recognition Evaluation Tool (RRET) for projects with an Estimated At Completion revenue exceeding $3M, ensuring precise revenue accounting.

• Executed key Month-End Close (MEC) activities, which include:

• Intercompany (IC) accrual entries.
• Cost overrun analyses.
• Royalty cost calculations.
• Accruals for subcontract and equipment costs.
• Finalizing revenue recognition entries.

• Conducted detailed variance analyses, providing updated commentary on gaps between operational forecasts and actual results, supporting performance evaluations, and strategic adjustments.

• Bookkeeping for fixed assets and running depreciation entries for every month.
• Booking costs and revenue accruals (monthly) are used to arrive at the correct monthly gross profit.
• Performing cash application, bank reconciliation, IC reconciliation, and variance analysis.
• Taking care of MEC and supporting internal and statutory audit.

• Preparation of financial statements and schedules under XBRL format for SEC filing purpose
• Analysing and choosing appropriate elements to map line items of financial statements defined under US-GAAP Taxonomy