MUHAMMED ASAD T I

1- Lead and manage three teams of a total 12 FTE's supporting in accounting operations involving:

• Month-end and year-end closing processes
• Ensuring balance sheet reconciliations are performed accurately, timely and discrepancies are rectified
• Assist team in effectively managing open items by following predefined escalation matrix
• Assess SLAs and KPIs to gauge and report overall performance of the team
• Organizing governance meetings to discuss performance, align projects, initiatives, and strategically map out future directions
• Continuous Analysis of current bandwidth within the teams and report potential absorption capabilities
• Collaborating with auditors to address inquiries and ensure smooth audit process
• Establishing internal financial controls to safeguard financials assets
• Ensuring adherence to accounting principles and compliance with regulatory requirements.

2- Manage and Develop Talent

• Assess individual's comparative advantage to ensure right person is placed in the right role.
• Coach and mentor team in identifying process improvement opportunities and manage change execution.
• Develop and execute succession plans to ensure ready talent for key roles & reducing the risk of talent gaps.
• Create individual development plans for team members based on their strengths, limitations, and career aspirations, resulting in increased employee engagement and retention.
• Conduct performance evaluations for staff members, identifying compensation change alongside areas of improvement and guiding professional development plans.
• Maintained less than 10% attrition in the past two years.
• Establish a culture of regular performance feedback and reviews, providing employees with actionable insights for improvement and growth.
• Facilitating opportunities for career advancement and role elevations based on merit and performance.

3- Operational Engagement and Culture

• Engage key stakeholders to foster growth and build collaborative model driving seamless operations.
• Building rapport and channelizing effective communication both internal and external.
• Manage stakeholders' expectations by actively seeking and incorporating feedback.
• Use persuasion skills to gain buy-in and support from stakeholders, especially in situations where there may be resistance or conflicting interests.
• Ensure knowledge and culturally aligned individuals are hired both internally and externally.
• Promoting organizational culture though roadshows, emails skit plays etc.

• Prepare & post journal entries to record various financial transactions including expenses, revenue, accruals, and adjustments during month-end and year-end closing
• Responsible for reconciling balance sheet accounts such as prepaid expenses, accrued liabilities etc
• Collaborate with other departments to resolve open items in a timely manner
• Facilitate smooth transitions through diligent attention to detail in integrating accounting records.
• Effectively implement ERP/technology changes and provide timely feedback
• Identify knowledge gaps and work closely with stakeholder to overcome and have consistent performance
• Extend audit support during internal and external audit timeframes by providing relevant supporting documents and respond to queries without any delays
• Create and maintain DTPs up to date along with stakeholder's approval
• Cross train team members in creating effective back-ups
• Participate actively in process improvement initiatives aimed at advancing departmental efficiencies while maintaining high-quality standards.
• Maintained compliance with regulatory requirements, staying abreast of changing regulations and implementing necessary updates.
• Upholding self in maintaining other basic hygiene like: Effective leave management, being culturally aligned, conducting timely 1 on 1 conversations etc.

• Reconciliation of receipts and payments with bank statements on a daily, weekly, and monthly basis
• Accountable for updating cash forecasted values with that of actuals by identifying nature of each Bank transaction for 3 different Banks
• (BBL, UOB and BAML) Responsible for reconciling and raising issue flags for all the Inter-Bank and Inter-Company fund transfers
• Accountable for preparing monthly and quarterly reconciliations for 100+ CIT accounts
• Calculate and provide daily as well as monthly FX rates for multiple currencies against USD
• Manage and reconcile Cash in Bank accounts encompassing all the retained entities in Europe
• Creating, analyzing, and circulating aging reports with commentary to the management in a timely manner
• Responsible for clearing and ensuring zero balance maintained in Cash in Transit accounts pertaining to AR, AP, and Payroll with specific to India as an entity
• Analyze dealers' daily Bank balance and attest vehicle approval from financial standpoint
• Responsible for smooth transitioning of multiple activities from Thailand entity to India
• Ensure timely update of SOPs, various internals trackers and project progressions.

• Perform credit card reconciliation at an organizational level which was transitioned during the onshore visit to Florida, USA
• Responsible for booking subscription revenue for 50+ magazines and 10 external publishers as per corporate accounting directions
• Reporting: Deferred Income, Agency and Subscription Revenue Reports and Commission Expense Reports
• Prepare month end accrual journal entries for multi magazine activity
• Perform monthly reconciliations for key general ledger accounts pertaining to subscription revenue
• Update and report weekly revenue sales for all Time Inc titles
• Preparation of aging reports on inventory and giving timely information to the onshore team
• Perform reconciliations for chargeback accounts
• Actively interact with stakeholders in suggesting strategies to streamline processes
• Onboard new fulfillment clients and customizing fulfillment services to meet client's needs
• Manage development projects for system and reporting enhancements
• Ensured timely update of SOPs and journal entry tracker.

• Upload daily Bank statements for two international Banks- Wells Fargo and Scotia-Canadian Bank
• Reconciliation between daily deposit reports and Bank statements for external publishers
• Preparation of actual and accrual journal entries for credit card transactions
• Perform monthly Bank account reconciliations for internal titles and external publishers
• Responsible for setting up of new templates for onboarding Publishers
• Updating daily strips (Report of publishers on deposit details) into respective Publishers cash files
• Interaction with deposit group, mail remit group and payment processing group to resolve variances if any
• Ensure smooth month end close by booking all the journal entries and finalizing reconciliations.

• Provide CAPS reports on actual deposit usage from centralized account for better projection of future cash needs in centralized account by Time Inc
• Responsible for month end close related to entire postal expenses department
• Account and report for both Time Inc
• And external clients on all types of discounts received by USPS
• Providing inventory accounting support for gifts and premiums
• Maintain database and journalize all the customer's address correction charges and address elimination charges implied by USPS, FedEx, and other postal service providers
• Troubleshoot and resolve erroneous charges hitting Time Inc.'s prepaid postage accounts
• Reconciliation of stamps, meter inventory and other postal related expense accounts
• Perform an Internal Audit (QC) on various journals, reconciliations, and monthly reports.

• Collaborating with traders to finalize trade price
• Validate and upload trade documents to its respective contract
• Interacting with Bankers to address contract related queries
• Daily tracking of premium settlements and report potential risk
• Release on hold contracts basis traders advise.