Summary
Overview
Work History
Education
Skills
Accomplishments
Visa
Personal Information
Professionaltraitsandstrengths
Personaltraits
Languages
Timeline
Generic
Lokpriye Kumar

Lokpriye Kumar

Finance and Accounts Professional
Chattarpur

Summary

Highly motivated and results-oriented professional with 14+ years of experience in financial operations. Proven track record in leading teams, managing diverse financial processes, and driving process improvements.

Expertise in Accounts Receivable, Accounts Payable, Intercompany, Treasury, and Banking, with a strong foundation in Blackline Administration, Record to Report, Financial Accounting, Budgeting, and Chart of Accounts.


Demonstrated ability to meet tight deadlines, foster strong relationships, and contribute to organizational growth. Seeking a challenging role with a reputable organization to leverage my skills and experience to deliver exceptional results.


I firmly believe that Hard Work and Team Spirit are integral parts of my personality. I am looking forward to a career, which will provide me avenues for continuous learning and development through exposure to different situations which in turn will help me to contribute more and more to the organization I work for.

Overview

14
14
years of professional experience
3
3
years of post-secondary education

Work History

Deputy Manager

Whirlpool
8 2022 - Current
  • Managing a team of 8 People - Executives/ Senior Executives/SME
  • Setting objectives, Performance reviews, Training team members
  • Monitor and analyze O2C & P2P metric and KPIs to identify trends and opportunities for improvement
  • Ensuring Quality controls are in place and working to ensure Accuracy of Process
  • Assisting and guiding team members to manage end to end process using SAP ERP
  • Continuously evaluate the effectiveness of operational procedures and controls to maximize departmental productivity and minimize transactional errors
  • Preparing and Presenting Monthly Dashboard to Management
  • Monthly performance reviews with Management & Stakeholders
  • Month end, pending invoices report with aging to monitor progress
  • MIS Reporting, including Accrual Report, GRIR Report, Debit Balance Analysis
  • Resolve All Audit Queries.

Deputy Manager

Whirlpool
10.2020 - 07.2022
  • Daily Bank Statement Download
  • Prepare and post all Bank Postings related to Various Banks/ Validating Bank Balances
  • Communicate with different teams to get the Allocation Information
  • Prepare Balance sheet Reconciliation Through Blackline
  • Uploading Commodity Exposures on Reval
  • Commodity Trade/Hedges upload on Reval
  • Commodity Trade/Hedges & Exposure links on Reval
  • EMIR Portfolio Reconciliation
  • Regions Spots and Forward uploads on Reval
  • EMIR Reporting for EMEA trades
  • Create and Maintain Blackline Users(Admin Role)
  • Upload SAP Balances into Blackline and Validate
  • Entity Assignment in Blackline
  • Assigning Preparer and Approvers
  • Preparation of Priority 1 and 2 Reports for Blackline Reconciliations
  • Chaseup for unprepared Blackline Reconciliation
  • Maintaining SOX compliance
  • Resolve All Audit Queries.

Subject Matter Expert

Whirlpool
06.2018 - 10.2020
  • Preparation of Monthly AR/AP reconciliation to Identify OOB between entities
  • Posting of Accrual/GIT Entries
  • Work on IC Vendor Statements to resolve any discrepancy
  • Post IC Vendor Invoices
  • Preparation of IC vendor payment list and upload the Payment through Netting system
  • Clear AP Invoices
  • Work on Blocked Report
  • Work on Aged GR-IR report
  • Balance Confirmations and pulling Data for Tax and Supply chain
  • Preparation of AR Statement
  • Chase up to IC Customers for Aged Invoice Payments
  • Raise and Resolve query related to Customer Invoice and Payments
  • Validation of Customer remittance and getting the funds allocated to the correct Account
  • IC Customer Master Approvals
  • Audit Queries.

Senior Executive

Whirlpool
06.2017 - 05.2018
  • Match Daily Batch Processing
  • Identification of discrepancies between the SAP Settlement Run and XIPAY Settlement run
  • Resolve discrepancy through Manual Settlement runs
  • Cash Allocation and Invoice Clearing
  • Allocation of Large Payments through EDI
  • Report for Monthly Bank Fees Charged for Different Merchants and advising on Monthly Accrual
  • Daily Volume Allocation to the Team
  • Providing Daily Processing to Management.

Senior Executive

Whirlpool
08.2015 - 05.2017
  • Chart of Accounts: GL Account Creation and changes on SAP and MDM
  • Creation and changes of Alternative Account
  • Cost Center creation and changes
  • Cost center group creation and changes
  • Profit center creation and changes
  • Profit center group creation and changes
  • Cost element Creation and changes
  • Record to Report: Month-end, quarter-end and year-end closing and Reporting
  • Balance sheet accounts reconciliations
  • Bank Postings and Reconciliation
  • Expertise in handling Hansa Orga Bank Reconciliation Tool
  • Month End Journal preparation and postings(Accrual, provisions, salary, pension etc)
  • Intercompany Netting
  • Analyzing intercompany transactions related to Loans and Payments
  • Audit Requirements:- Preparing Reports and Sox related docs.as per Audit, SOX and compliances requirements
  • BSR (Balance Sheet Review):-Preparing reconciliations related to BSR along with overall preparation and presentation for reporting purpose
  • Month-end related activities like cost center clearing, Dummy Profit Center clearing, FX Revaluation
  • GL open Item management.

Process Developer

Genpact India Private Limited
05.2012 - 08.2015
  • Budgeting & Reporting Analysis: - Variance Analysis on the basis of Actual v/s budgeted cost
  • Overhead Payroll reconciliation and analysis
  • Creating a Bill of Material and maintaining the underlying records in SAP
  • Preparing the stock reconciliation statement
  • Preparation of Budget and Controlling expenses for Prime and Overheads
  • Analysis of Working Capital for Closing Stock, Non finished goods stock covering ingredients, Packaging, WIP, Technical Stores / Movement Analysis & explanation
  • Profile Overview :- Weekly Reporting: - Producing MIS reports on performance of the plant
  • Preparation, Review and interpretation of Daily & Weekly plant line performance financial reports with Operation Management
  • Monthly Reconciliation: - Monthly Reporting of the process, Preparing cost center reports with variance & performance analysis of the cost centers and highlighting the area that needs more attention
  • Prepare & review Balance Sheet reconciliation from SAP in a standard Excel template
  • Preparation & posting of all Period end journals
  • Month end Journal Entries: - Preparation of month-end Journal Entries related to prepaid amortization, accrual booking, Allocation etc
  • Build the Site Overheads Budget by Cost Centre managers to agreed targets and assumptions for Headcount, inflation & cost savings Work involves set up and pre-population of Site overhead Cost Centre Excel model templates, ensuring models completed by Cost Centre Manager, and preparation of output for review by retained Team
  • Capital Investment Creation of a new Capital Project in SAP with the help of Appropriation Request, Internal Order, Asset Under Construction and Capitalization in Balance Sheet
  • Tracking & Controlling of Capital expenditure against the allocated budget
  • Coordinate with the Site Engineering team for Physical verification of assets on site along with the FA team to update in SAP
  • Quarterly Impairment reviews & on-going 5 years rolling Site Fixed Asset physical verification exercise working with Site Engineers
  • Budget Overheads:- Build the Site Overheads Budget by Cost Center managers to agreed targets and assumption for Headcount, inflation & cost savings Work involves set up and pre-population of Site overhead Cost Center Excel model templates, ensuring models completed by Cost Center Manager, and preparation of output for review by retained Team
  • Product Costing:- Creation and Maintenance of Bill of Materials
  • Cost Variance Analysis :- Variance in between Budget and Actual Figures for Production and Cost
  • Cost Center Management Reviews :- Every Period Review the Prime and Overhead Cost Centers with Cost Center Managers
  • Check if the actual cost is favorable or not based on plan budgeting
  • Posting the accruals, prepayments and correction journals in cost centers.

Process Developer

Genpact India Private Limited
11.2010 - 04.2012
  • Using ERP SAP to allocate cash, Creating manual invoices and credit notes, Creation and maintenance of customer master and handling various queries of customer on day to day basis
  • Preparing various reports on a weekly and monthly basis such as Control Accounts, Aged debt report, Bad Debt report, Export customers report, Collection of CMP data, CKPI report on excel files
  • Performing Netting upload, reconciliation and allocation
  • Training and mentoring new hires
  • Performing Quality check on the work done by team
  • Part of the Reverse Transition team- Submitted SOPs and provided training to the client.

Education

MBA - Finance

Deepshikha Institute of management studies

B.COM (H) - undefined

Patna University

Commerce

RPS College
Patna, India
04.2001 - 04.2004

10 - undefined

Skills

Google-Suite

Accomplishments

  • Completed different training which includes: Communication Skills, Presentation Skills, Different lean trainings, Toastmasters
  • Got “Lean ace” certified.
  • Constant Recognition in Genpact and Whirlpool.
  • Submitted Various Lean ideas in different processes - all approved by the client.the best one is- saving more than 300 hours yearly in the Cash Application process.
  • Reduced Intercompany AR Aging by $10M through constant chaseup and getting queries resolved
  • Reduced Intercompany AP Aging by $20M through coordinating different stakeholders

Visa

(US B1/B2 Visa holder)

Personal Information

  • Father's Name: Sri Satish Kumar
  • Date of Birth: 01/23/1988
  • Marital Status: Married

Professionaltraitsandstrengths

  • The ability to thrive in a fast paced and pressured environment
  • Thriving on change and demonstrating flexibility
  • Experience in working in SOX compliant controls environment
  • A motivated & enthusiastic team player with excellent communication skills, both written and verbal
  • Proven ability to work with minimal supervision, using own initiative and able to prioritize work
  • Excellent problem solving skills and the ability to manage multiple tasks and meet tight deadlines
  • To contribute ideas and suggestions to enhance operational procedures within the team and to deliver the implementation
  • Ability and experience to take individual accountability and drive continuous improvement

Personaltraits

  • Self Belief, never give up attitude
  • Ability to take physical discomfort
  • Willing to learn & ability to work as a part of team

Languages

English
Hindi

Timeline

Deputy Manager

Whirlpool
10.2020 - 07.2022

Subject Matter Expert

Whirlpool
06.2018 - 10.2020

Senior Executive

Whirlpool
06.2017 - 05.2018

Senior Executive

Whirlpool
08.2015 - 05.2017

Process Developer

Genpact India Private Limited
05.2012 - 08.2015

Process Developer

Genpact India Private Limited
11.2010 - 04.2012

Commerce

RPS College
04.2001 - 04.2004

Deputy Manager

Whirlpool
8 2022 - Current

MBA - Finance

Deepshikha Institute of management studies

B.COM (H) - undefined

Patna University

10 - undefined

Lokpriye KumarFinance and Accounts Professional