Summary
Overview
Work History
Education
Skills
Languages
Personal Information
Timeline
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M. Naveen Kumar

Madanapalle

Summary

Accomplished finance professional with extensive experience at Schneider Electric, specializing in SAP and vendor management. Demonstrated leadership in resolving intricate financial discrepancies and optimizing process efficiency. Proven expertise in managing cross-functional teams, ensuring timely and precise financial reporting. Skilled in utilizing analytical capabilities to drive strategic enhancements, achieving a 95% on-time payment rate.

Overview

7
7
years of professional experience

Work History

Deputy Manager - Finance and Account

Schneider Electric
07.2022 - Current
  • Supervise daily operations of the invoice processing team, ensuring deliverables are met within defined TAT and maintaining performance dashboards.
  • Perform Vendor Statement Reconciliation to ensure accuracy and resolve discrepancies.
  • Conduct GR/IR Reconciliation to align goods receipts with invoice records.
  • Address and resolve VQM (Vendor Query Management) issues, providing timely payment resolutions to vendors.
  • Manage On-Hold Invoices, coordinating with buyers to facilitate timely release and payment.
  • Process CASS Freight Invoices (Non-PO) daily to ensure prompt payment.
  • Prepare and report Monthly Accruals to country finance teams for accurate financial reporting.
  • Lead issue resolution calls with buyers and suppliers to address payment and invoice-related concerns.
  • Respond to urgent queries from buyers and suppliers via email, ensuring swift resolution.
  • Handle Payment-Related Queries, verifying vendor payment terms and processing wire transfers as needed.
  • Oversee daily Employee Concur Expense Activities, ensuring compliance and timely reimbursements.
  • Review and process Expeditors Freight Reports monthly to ensure accurate and timely vendor payments.

Senior Accountant - UK Accounting and Tax

VALENTA KPO Pvt. Ltd
09.2021 - 06.2022
  • Accounts Payable - Journalising Purchase Voucher, Matching Bank payments with Creditors, Preparing aged list for Creditors & Reconciling Intercompany Balance.
  • Accounts Receivables - Journalizing Sales Voucher, Matching Bank receipts with Debtors, Preparing aged list for Debtors & Reconciling Intercompany Balance.
  • Record to Report Preparation of financial Statements as per UK Standards of Accounting. Starting from recording of transaction to reporting to management (R2R) process is used to finalise the accounts.
  • Fixed Asset Register - Addition, deletion, disposal of an assets and charging depreciation using depreciation method for Fixed Assets schedule.
  • Bank Reconciliation - Reconciling Cash book with Bank Statement, reversal of stale cheque, posting unrecorded receipts and payments.
  • Preparing UK Indivial Self-assessment Return : Based on Residential status and compensation calculation for tax year.
  • Pre-payments and Accruals - Providing year end prepayments and accruals.
  • PAYROLL - Preparing PAYE dues from Payroll data and reconciling with bank payments to arrive closing due for the year.
  • VAT - Calculation of quarterly VAT dues and reconciling with VAT returns to arrive closing VAT due for the year.
  • Software Skills: SAP, CCH, Quick Books, Xero, MS Office

Tax Analyst- US and UK Dual Handler

Ernst and Young (EY)
03.2020 - 08.2021
  • Preparing the UK and US individual tax returns.
  • Preparation of 1040 and 1040 NR and Federal and state returns.
  • Split year tax calculations in UK and Four column sourcing in US.
  • Preparing of Dual Payroll calculations for UK Individuals.
  • Preparing the TEC and TAC Calculations.
  • Finding out the resident status of the expatriates for US and UK.
  • Claiming Treaty, FTC and CGI and Sec 911 Exclusion calculations for the Expatriates Population.
  • Share pool calculations.
  • Advising the Expatriates in filing of returns.
  • Calculation of rental income (Joint property).
  • E-filing of tax returns for UK and US high net worth individuals.
  • Raising an information request and monitoring the Queue.
  • Responding the Expatriates queries relating to tax calculations.
  • Working on CCH tax application.

Practitioner - Invoice Processor (Accounts Payable)

IBM India Pvt. Ltd.
08.2018 - 03.2020
  • Handling Multiple Countries Invoice Processing. Accurate processing of invoices in accordance with SLA (Both PO & Non PO Invoices).
  • Handling day to day queries of site (Client) requirement with Mails (Urgent Postings & Routings).
  • Working on allocation of Invoices (Reconciling the EOD (end of day) report with the Scan report & importing the same in the access database & allocating the invoices).
  • Performing Sap-Rapid comparison to find internal errors.
  • Working on Down Payments & Down Payment Recovering Invoices.
  • Working on Direct Debit and Direct Payment.
  • Working on Duplicate Invoices before posting.
  • Review on the 2 Way matching & 3 Way matching Invoices.
  • Review the 'A & R' blocked Invoices and release for Payment.
  • Quality Check on the posted Invoice before forwarding the Invoice for Payment.
  • Preparation of Metrics, dashboards and performance evaluation of team members through periodical reviews.
  • Performing Quality Control activities and ensuring defect free processing of invoices.
  • Maintaining any new process update & Changes in D.T.Ps.
  • Training the new joiners about the process.

Education

Degree - B.COM

Shri Gnanambica, Degree College
Madanapalle

Intermediate - M.E.C

Sri Siddartha Junior College
Madanapalle

S.S.C -

Adarsha Vidyalaya E.M High school
Madanapalle

Skills

  • SAP
  • Oracle
  • CCH
  • XERO
  • CCH
  • Microsoft office expertise

Languages

  • English
  • Kannada
  • Telugu
  • Hindi

Personal Information

  • Date of Birth: 05/21/98
  • Gender: Male
  • Nationality: Indian
  • Marital Status: Unmarried

Timeline

Deputy Manager - Finance and Account

Schneider Electric
07.2022 - Current

Senior Accountant - UK Accounting and Tax

VALENTA KPO Pvt. Ltd
09.2021 - 06.2022

Tax Analyst- US and UK Dual Handler

Ernst and Young (EY)
03.2020 - 08.2021

Practitioner - Invoice Processor (Accounts Payable)

IBM India Pvt. Ltd.
08.2018 - 03.2020

Degree - B.COM

Shri Gnanambica, Degree College

Intermediate - M.E.C

Sri Siddartha Junior College

S.S.C -

Adarsha Vidyalaya E.M High school

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M. Naveen Kumar