Mudarakola Lokesh Kumar
Khammam
Summary
Dynamic Finance Manager with a proven track record at Kristal Advisors, excelling in financial reporting and receivables management. Adept at leveraging advanced Excel skills and fostering teamwork to streamline processes, enhance accuracy, and drive compliance. Recognized for implementing strategic improvements that significantly reduced reporting errors and improved cash flow management.
Overview
6
6
years of professional experience
Work History
Finance Manager
Kristal Advisors Private Limited
Bangalore
01.2024 - Current
- Financial Reporting: Monthly Bank Statement Mapping
- Weekly & Monthly AR preparation and presentation to business heads
- Revenue Cycle: Fee collections file preparation
- Channel Partners Invoice verification & approval
- Client, VCC, & Rebate Level receivables preparation
- Receivables follow-up & realization
- Rebate Fund House invoicing & payment follow-up
- VCC invoice reconciliation
- Revenue discrepancy resolution (with various teams)
- Streamline Aft processes and improve reporting frequency
- Enhance coordination with multiple teams for smoother receivables management
- Ensure accurate revenue recognition and reconciliation
- Focus on automating tasks like AR mapping and report generation to free up time for more strategic activities
- Leverage data analysis to identify trends, bottlenecks, and areas for improvement in the receivables process
- Maintain clear and consistent communication with all stakeholders, including business heads, finance teams, and other departments
- Stay updated on best practices in receivables management and explore new technologies to enhance efficiency and accuracy
- Managed monthly financial close process ensuring accurate and timely reporting.
- Conducted cash flow analysis to forecast liquidity needs and mitigate risks.
- Streamlined financial reporting processes to improve efficiency and reduce errors.
- Implemented compliance measures to adhere to financial regulations and best practices.
P2P (Procure to Pay)
Alliant Group India Talent Pvt Ltd
06.2023 - 12.2023
- Processing Bills on weekly basis
- Communicating with stakeholders regarding any queries relating to bill processing
- Communicating with the vendors regarding any discrepancies with purchase orders and Bills
- CPA vendor processing
- Handled vendors like Amazon, Fedex and other IT related vendors along with CPA vendor Processing
- Communicating with Stakeholders weekly once to attend any queries they are having regarding Processing payments
- Ensuring GL coding is matching with the PO coding while posting entries in Thomson Reuters
- Ensure adherence to company policies, accounting principles, and regulatory requirements
- Approving Employee expense reports in SAP Concur
- Match invoices to purchase orders and receipts, ensuring proper documentation and approvals
- Interacting with the Top management of the company regarding the Approvals and various reports
- Monitor vendor accounts to ensure accurate and up-to-date records
- Reconcile accounts payable transactions and maintain accurate records of payments
R2R (Record to Report)
Consero Global Solution Pvt Ltd
06.2022 - 06.2023
- Raising Invoices as per client communication
- Having End to End Knowledge of Accounting process
- Preparing AR Aging reports on weekly basis as per client accounting policies
- Having Good knowledge of how to close Monthly and yearly books of accounts and preparing Balance sheet reconciliation
- Well versed with preparing monthly and yearly consolidated financial statements
- Having vast experience in US GAAP
- Having In dept knowledge of doing Inter-company reconciliation
- Having Good knowledge on ACS 606
Accounting Assistant | Article Assistant
VKV & CO
07.2019 - 06.2022
- Maintenance of Books of accounts and preparation of monthly financials for companies and proprietorship
- Secretarial work relating to Directors, Annual Filings of accounts DIR 3ekyc
- Coordinating with Statutory auditors for completing Audit of financial statements and Preparation of financial statements
- Preparing MIS statements catering to the need of Organization including Key Metrics that drive the business, to Facilitate decision making of management
- Scrutiny of general Ledgers and vouchers in conducting internal Audit of various entities
- Handling Client on various issues like income Tax and GST and other Issues
- Computation and arranging of timely deposit of Income tax/TDS and other statutory payments
- Ensuring Compliances of Accounting Standards, Auditing and Assurance standards and other compliances
- Preparation of income Tax form Such As Form 15CA, Form 15CB
- Preparation and filing of Tax Audit Reports for Companies
- In a 8 Member team for statutory audit of Healthcare service Group which is under Ind AS compliances with turnover more than Rs.350Crores
Education
SSC -
ViswaBharathi high school
GudivadaIntermediate -
Masterminds Inter Collage
GunturCA Intermediate Course -
The Institute of Chartered Accounts of India
GuntūrB.Com -
IGNOU
BengaluruSkills
- Responsible
- Teamwork
- Good Multitasker
- Advanced Knowledge on Excel
- Microsoft Office
- Conflict Resolution
- Confident with Technology
- Quick learner
- Leadership
- Highly Proficient in MS Word
- Highly Proficient in MS Excel
- Excellent in Financial Analysis
- Software known Quick Books
- Software known Sage Intacct
- Software known Thomson Reuters
- Software known Tally ERP
- Software known NetSuite
- Software known Billcom
- US Generally Accepted Accounting Principles (US GAAP)
- Strong Accounting Knowledge
- Strong knowledge of auditing procedures
- Strong knowledge of internal controls
- Working Knowledge on QuickBooks
- Deadline adherence
- Excellent Interpersonal skills
- Deadline adherence
Accomplishments
- Received on Spot Recognition Award for my outstanding performance and excellence from the former company Consero Solutions India Private Limited.
- Received appreciations from both management and clients for the timely responses and accurate deliverables, even during the peak time of month-close time.
Personal Information
Disclaimer
I do hereby Declare the truth and Authenticity of the above given information.
Timeline
Finance Manager
Kristal Advisors Private Limited
01.2024 - Current
P2P (Procure to Pay)
Alliant Group India Talent Pvt Ltd
06.2023 - 12.2023
R2R (Record to Report)
Consero Global Solution Pvt Ltd
06.2022 - 06.2023
Accounting Assistant | Article Assistant
VKV & CO
07.2019 - 06.2022
SSC -
ViswaBharathi high school
Intermediate -
Masterminds Inter Collage
CA Intermediate Course -
The Institute of Chartered Accounts of India
B.Com -
IGNOU