MS Office
Lokeshwara Rao
Finance & Accounting
Chennai
Summary
Proactive manager with demonstrated leadership abilities, strategic planning expertise and problem-solving acumen. Assists senior managers with accomplishing demanding targets by encouraging staff and coordinating resources. Methodical and well-organized in optimizing coverage to meet operational demands.
Overview
17
17
years of professional experience
4
4
years of post-secondary education
3
3
Languages
Work History
Assistant Manager
Olam Information Services Pvt Ltd
Chennai
2015.09 - Current
- Monitored security to protect employees, customers and property.
- Recognized staff for contributions to company success to foster engagement and increase productivity.
- Increased employee performance and job satisfaction to strengthen retention and engagement.
- Strengthened operational efficiency to remain cost-effective while maintaining quality service.
- Mentored team members to enhance professional development and accountability in workplace.
- Managing end to end AP,AR & RTR operations for for 6 Countries. with 18 members team.
- Managing the accuracy within agreed SLA to process overall 6000+ invoices which includes employee T & E Claims per month.
- Heading a successfully team which contains process like invoices, purchase orders, credit memos, and payment transactions along with Supplier queries.
- Reconciling vendor statements on regular to keep the supplier ledger corrected without discrepancies.
- Reviewing Invoices kept on Hold and supporting team to clear the hold.
- Daily reconciliation has been performed within the Posting system to ensure no invoices has struck in the interface for any reasons.
- Preparing and sending weekly Pending aging reports to business and regular follow up’s done with the approvers / Buyers on the aged invoices based on the Aging report from workflow which improved A/P approval process reducing late fees to the supplier.
- Monthly SPOT Analysis being performed to Analysis which increase the payments made towards the supplier. Renegotiated payment terms with suppliers/vendors from Net 7 to Net 14 & Net 30 days to improve the SPOT.
- Performing Debit Balance Analysis to ensure all the open Credit notes are knocked off with the relevant invoices else requesting refunds from the suppliers.
- Working on open aging report every week to ensure no invoices are pending for any technical reasons in the system.
- Performing bank reconciliations for all currency as part of Month end activity in WD1
- Ensured weekly payment run (invoices, expense reports and Manual Payment requests) for 4 different Business Units were processed in a timely and accurate manner
- Managing T & E reports with regular reconciliation for the T & E used in company credit card.
- Handling Intercompany Balance reconciliation on every month end.
- Open Purchase order reconciliation being performed on monthly basis to reduce the accrual listing.
- Providing administrative support for the Origin Finance team as well as to the Finance Controller.
- Preparing GST updates for the business on quarterly basis.
- Providing accruals and proposed journal entries for month end reporting to the Origin finance.
- Performing monthly GL account reconciliations and full cycle A/P accounting.
- Initiating new vendor application requests from Business.
- Query solving ability in the process to support internal team to understand the process.
- Trained new hires and made sure their "on boarding" process ran smoothly
- Preparing Monthly decks & Metrics for the Operations team.
- Receive payment advice from customer through bank portal
- Booking of payments from bank account to customer account
- Clearing of payments received from bank with the invoices in the customer account
- Reminders to the customer to pay back the money on due date by mails and calls
- Creation of Manual Invoices and Credit Notes on request.
- Managing Customer Order release process as daily activity.
- Creation and Modification of Customer accounts
- End to end reconciliation of customer accounts regarding payments and outstanding invoices
- Sending Chaser to the customer on weekly basis for the outstanding invoices.
- Circulating weekly debtors aging reports to the corporate team.
- Resolving unauthorized deductions and payment from other entities or products
- GL & Tax codes reconciliation on Sales invoices creations.
Senior Practitioner
IBM India Private Limited
Chennai
2014.03 - 2015.09
- Reporting to Team Leader for Accounts Receivable process
- Registered customer payments from bank account to customer account and applying payments against the open invoices
- Handling customer calls and email queries
- Reminders to customer through email and call to pay back the money on or before due date
- Processing dealer invoices and booking card payments from customers
- Registering AR bank documents.
- Handling deductions and short payments
- Raising Credits and Refunds to the customer with proper documentation
- Handling EDI rejections and raising manual invoices with approval
- Creation and Modification of customer accounts.
- End to end reconciliation of customer accounts regarding payments and outstanding invoices
- Approving SOX Reconciliation and vendor master data
- Sharing weekly highlights with senior management about the process.
Senior Process Analyst
Renault Nissan Technology Business Centre India Private Limited
Chennai
2012.02 - 2014.02
- Reporting to Team Leader for Accounts Payable process
- Processing Third party invoices in SAP and supporting team in processing and self QC to ensure 100% accuracy
- Managing workflow by routing the invoices for validation and approval and handled urgent invoices.
- Preparation of Daily Status Report and workflow report.
- Provided training to team members and created back up for all the process
- Handled payment for all the countries which were handled by my supervisor
- Supplier reconciliation with payment queries
- Prepared SOP for all the activities which relates to AP and Conducting Team Huddle in absence of supervisor
- Maintaining productivity tracker and the same been shared with supervisor on a daily basis
- Supported other teams in terms of achieving the target and consistently met target with100% accuracy
Senior Audit Executive
Anand & Madhan CA Firm
Chennai
2004.12 - 2011.11
- Participated in billing and collections operations to facilitate client payment of overdue invoices.
- Prepared working papers, reports and supporting documentation for audit findings.
- Handled client for CORE ACCOUNTING with a team of 10 accounting staff
- Responsible for posting day to day expense transactions in ERP with supported documents and filing invoices/vouchers
- Responsible for sales tax return on monthly basis and regular follow-up with customers for outstanding payments & tax forms
- Preparing bank reconciliation and intercompany reconciliation on monthly basis
- Understanding business process related to Customer Claims and relationship management
- Handled multiple accounts with sister concerns
- Handled customer claims/freight bills settlements
- Dashboard preparation for all the clients to understand the ongoing progress
- Handled escalation on behalf of team.
Education
Bachelor of Arts - Financial Accounting
University of Madras (Guru Nanak College)
Chennai 2001.07 - 2003.07
High School Diploma -
Government Higher Secondary School
Chennai 2000.03 - 2001.04
High School Diploma -
Government Higher Secondary School
1998.04 - 1999.03
Skills
Financial Management
Staff supervision
Operations management
Training
Employee performance evaluations
Recruiting and interviewing
Accomplishments
- Process Migration done for 6 Countries AP / AR process which includes two Onsite Migration (Singapore & Netherlands).
- Successfully supported the SAP Implementation team to implement the SAP ERP replacing the old system JD Edwards.
- Supervising a team of 18 staff members.
- Received Best Team of the Year for the year back to back 2017-2019.
- Received Trail Blazer Award for the best employee twice.
- Received employee of the year award.
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Collaborated with team of 50+ Team members in the development of Project IRIS (SAP implementation).
- Achieved 100% result by completing the training to team with accuracy and efficiency.
Software
SAP FICO & SCM End User
Oracle End User
JD Edwards System
Interests
Sports
Music
Touring
Timeline
Assistant Manager
Olam Information Services Pvt Ltd
2015.09 - Current
Senior Practitioner
IBM India Private Limited
2014.03 - 2015.09
Senior Process Analyst
Renault Nissan Technology Business Centre India Private Limited
2012.02 - 2014.02
Senior Audit Executive
Anand & Madhan CA Firm
2004.12 - 2011.11
Bachelor of Arts - Financial Accounting
University of Madras (Guru Nanak College)
2001.07 - 2003.07
High School Diploma -
Government Higher Secondary School
2000.03 - 2001.04
High School Diploma -
Government Higher Secondary School
1998.04 - 1999.03