Manikantan M
Treasury Operations Manager
Puttur Municipality,AP
Summary
Results-driven finance professional with over 16 years of success in bank reconciliation and treasury functions, specializing in cash flow monitoring and management of money transmission tools. Expertise includes leading a team of 16 members, performing and reviewing bank reconciliations, managing bank accounts, and maintaining accurate financial records while providing strategic financial advice. A strong leader and adept problem-solver committed to streamlining operations, reducing costs, and enhancing organizational efficiency. Proven ability to leverage independent decision-making skills and sound judgment to drive positive outcomes.
Overview
16
16
years of professional experience
3
3
Languages
2
2
years of post-secondary education
Work History
Operations Manager
Sears IT and Management services
04.2022 - Current
- ERP & Reporting Tools: TWEB, Workday.
- 13 weeks cash flow forecast (Merchandise / Non-Merchandise, Other disb).
- Cash position which includes consolidation of Manual wire/ACH requests, TWEB, Bank statements to check auto debits/bank charges/payment returnsect.
- Send preliminary disbursement list to top management for a discussion in cash call.
- Instruct internal team to process payments once approval is received from management.
- Filing payment requests received via email for Audit purpose
- Funding disbursement bank accounts according to the approvals.
- Payment approvals in Bank portals.
- True-up
- Inflows monitoring and reporting to CFO.
- Send opening cash, Inflows, disbursements and ending cash to management on daily basis.
- Collaborate closely with the Treasury director and provide additional support when necessary according to business requirements.
- Conduct regular team meetings and make sure business is not getting effected when someone in the team goes on leave.
- Collaborate with colleagues to ensure timely and error-free completion of tasks.
- Participate in QBR meetings with top management.
- CURRENT SIGNIFICANT CONTRIBUTIONS – Sears IT and Management services.
Lead Assistant Manager
EXL Services
11.2021 - 04.2022
- ERP & Reporting Tools: Kyriba, Workday, Google Sheets.
- Daily / Weekly / Fortnightly / Monthly Bank Reconciliation activities for US based client as per SLA deadlines.
- Bank to bank transfer postings which includes funding transfers, Sweep transfers ect.
- Intercompany settlement entries and make sure no IC variances are created.
- Update status for Jira tickets post completion of necessary postings.
- Update TTCM file with necessary comments and status.
- Complete exception matching and update unique identification for each match, Share the file with Data team upon completion.
- Complete Flux Analysis on monthly basis.
- Audit support.
- Monthly bank rec review with client.
Team Lead
Teleperformance Global Services Pvt Ltd. - Chennai
03.2018 - 10.2021
- ERP & Reporting Tools: Microsoft Dynamics, Workday, SAP.
- Bank reconciliation process:
- Successfully transitioned Bank reconciliation process individually for 7 markets from Jamaica country to Teleperformance SSC India.
- Effectively handles bank reconciliation process with a team of 16 members for 20 markets (146 accounts).
- Received Extra mile award in Team lead category award for effective transition.
- Expert in creating format for Bank reconciliation as per client requirements.
- Preparing Weekly and Monthly dashboards, SLA tracker and sharing with clients and top management.
- Monthly review meetings with market controllers / clients and handling their queries.
- QBR meetings with Top management and clients.
Financial Analyst
Flex India Technologies India Pvt Ltd – Chennai
11.2009 - 03.2018
- Treasury Operations:
- ERP & Reporting Tools: BAAN, Bellin TM5, Fireapps (Kyriba), FXall, Bank Portals and SAP(Financial Reporting)
- Prepare daily cash positioning and 7 days cash forecasts for Sr. Director review
- Compile cash reports from various bank accounts, determine the company’s daily cash position and maintain account balances as per plan
- Perform daily cash management functions such as balance reporting, funds transfers, wire transfer payments, and stop payments
- Administrate various banks users (BOFA, Scotia Bank, Wells Fargo, Citi Bank, and HSBC) for 200 plus accounts in the US & Canada
- Knowledge of US and international corporate banking services, payment instruments, and payment/clearing systems
- Having experience in implementing Cash Pooling, Multilateral netting, and POBO/ROBO structures
- Assist in the maintenance of the company’s bank accounts, also support opening, closing and signer changes on bank accounts.
- Ensure all external/internal audit testing & development of existing controls and operate as designed
- Analyze bank service/account analysis fees and resolved any outstanding banking issues
- Prepare monthly reconciliations for corporate accounts and worked with general ledger group to ensure all Inter- company note receivable and payable accounts reconcile across business units
- Support the corporate treasury department in hedging foreign exchange risk by compiling WW data and analyzing cash flow and balance sheet information relevant to the financial risk management process
- RBI FEMA Regulation process
- Fixing currency SPOT, Forwards & Options with banks based on site requirement
- Have done RPA UAT testing & Implementation for Payments booking & BRS
- Eager to roll up the sleeves and do whatever is necessary to meet team goals.
- Preparing WW cash report for previous day closing balances and circulating to CFO and other executives.
- Monitor bank service fees and working on savings.
Education
B.A - History, Economics & Politics
SV University
Tirupati, Andhra Pradesh01-2007
MBA - Finance & Marketing
SV University
Tirupati, Andhra Pradesh 07.2007 - 05.2009
Skills
Financial Analysis
Payment Release
Cash Management
Forex Hedging
Operations management
Problem-solving
Performance monitoring
Process improvement
HIGHLIGHTS
Received Individual contributor award in Q2 FY’10 for successful migration of Bank reconciliation process with 80 bank accounts single handedly., Received Titanium award in Q1 FY’11 for stabilizing process by training 3 new joiners., Promoted to next level (Senior Analyst) in Q4 FY’12 for 100% Payment volume handled individually with TAT adherence 100% & trained 2 juniors for Payment release & trained 4 juniors for BRS process and supported Corporatein payment rejection analysis., Received Platinum award in Q3 FY’14 for implementing Expected cash report with the help of AR team and saved some amount of money by avoiding interest payment for short loans., Promoted as Specialist in Q4 FY’15 for the process implementations and stabilization., Received Star Team Award twice in Q2 & Q4 FY’17 for successfully completed the Corporate payments migration & Year-end support and for closing the cash books without open items Bank reconciliation process, Received Best team lead award in Q4 FY’19 for successful migration of bank reconciliation process to SSC India., Received Extra mile award in Q1 FY’20 for successful process and team handling., Promoted to Operations Manager in a short span of time for stabilizing the cash management process by reducing process time, improving Accuracy.
DECLARATION
I hereby declare that the above-mentioned details are true to the best of my knowledge. Place: Date: Yours Truly (Manikantan M)
Timeline
Operations Manager
Sears IT and Management services
04.2022 - Current
Lead Assistant Manager
EXL Services
11.2021 - 04.2022
Team Lead
Teleperformance Global Services Pvt Ltd. - Chennai
03.2018 - 10.2021
Financial Analyst
Flex India Technologies India Pvt Ltd – Chennai
11.2009 - 03.2018
MBA - Finance & Marketing
SV University
07.2007 - 05.2009
B.A - History, Economics & Politics
SV University