NAVEEN MAJETI
Chartered Accountant
Hyderabad,TG
Summary
Qualified Chartered Accountant with 17+ years of progressive leadership experience in Finance, Accounting, Revenue Recognition, Reporting, Taxation, Training and Development, and Audits. Proven track record of leading cross-functional teams, driving strategic initiatives, and managing global accounting operations. Currently working with Qualcomm Inc, a US-listed entity. Demonstrated ability to assimilate into new situations quickly with minimal learning curve. Self-driven and focused finance leader adept at performing independently and collaboratively in a rapid-paced, high-pressure environment. Possess strong communication, analytical, and interpersonal skills.
Overview
17
17
years of professional experience
1
1
Language
Work History
Qualcomm India Private Limited
02.2017 - Current
- Perform variance analysis on Financial Statements with regional Business leaders: Budgets vs Actuals and Actuals (period over period)
- Communicate and explain accounting issues and evolving accounting guidance to management
- Collaborating with the Service Excellence Team in Finance (FP&A, Tax, Treasury, Satellites, etc.) to drive strategic business direction and key initiatives
- Oversees accounting operations, including management report reviews
- Coordinate annual statutory audits and quarterly reviews with external auditors
- Perform continuous assessment of the close process and process re-engineering
- Formulate and implement accounting policies/procedures, standards, and principles
- Define SOPs and introduce well-defined accounting/costing systems with internal controls
- Implementation of ASC 842, ASC 606, AMT Tool (Leases), AGIS module (Inter Company)
- Transitions: Centralization of various accounting operations to Shared Service Center
- Supervise collection activities, including regular reviews with team members
- Lead cultural activities and drive Leadership and Mentorship programs.
Finance Controller: South-East Asia Region
Virtusa Consulting Services Private Limited
08.2014 - 02.2017
- Responsible for overall location controllership function of SEA region and establish strong budgeting and forecasting, flashing activities.
- Ensuring the financials are prepared within the Company's policy & framework on periodical basis.
- Periodical review of Reporting packs and schedules for the legal entities in SEA region.
- Ensuring SOX compliances and conducting Internal, Group and Statutory audits.
- Preparation of Cash flow projections and ensuring sufficient funds are available to meet business & operational requirements in SEA region.
- Interacting with respective consultants and identifying various companies which are applicable to legal entities in South-East Asia.
- Responsible for Consolidate Balance Sheet Analytics on periodical basis.
- Revenue Technical Accounting:
- Critical analysis of revenue contracts of the organization and determine the accounting under US GAAP guidance of ASC 605 & ASC 606
- Prepare technical accounting memos under US-GAAP to be presented to statutory auditors in support of organization’s accounting decisions.
- Performance of Analytical reviews towards Forecast vs Actuals of Revenue on periodical basis.
- Reviewing AR aging, Unbilled Revenue and Deferred Revenue reports on periodical basis.
- Providing timely and accurate revenue reports to Corporate and other stake holders.
IGATE Global Solutions Limited
08.2012 - 08.2014
- Responsible for period end accounting activities (India & Americas region) and reporting activities of IGATE Corp. Managing the team and ensuring the deadlines are met. Transition of accounting activities (from Patni to IGATE). The following is the summary of experience:
- GAAP(s) Reporting & Compliance:
- Preparation of Financial “Snapshot” on a monthly and quarterly basis highlighting the CGS & SGA costs along with the reasons for major variances.
- Preparation and review of period end reporting packs of Americas region.
- Analyzing the Financial Statements of all the legal entities to ensure compliance with SOX and company policies.
- Preparation of MIS reports relating to Merger & Reorganization expenses, Legal charges on periodical basis for Senior Management review.
- Determining the debt issuance cost for the Term loans & Senior Notes taken.
- Ensuring completeness and accuracy of Incentive provision on quarterly basis.
Core Assurance
Price Waterhouse
01.2010 - 07.2012
- As a field in charge of statutory audits of Indian Private limited companies engaged in providing support services to its group companies in the field of software development, manufacturing activities.
- As a field in charge for shared service audits of Companies maintaining books under USGAAP. Took part in discussion of critical areas with Partner and Manager on the assignment. Coordinated discussions with Senior Client Personnel – Regional Controllers.
- As a team member of statutory audit of a listed Indian company engaged in BPO industry and IT enables services. Handled independently the audit of one division. Took part in discussion of critical areas with Partners and Senior Managers.
- During the tenure, I gained handful of experience for various types of audits as mentioned below. Involved in Statutory, Tax audit and quarterly audits of various clients viz:
- Listed Entity - Cambridge Solutions Limited (listed in BSE & NSE)
- Manufacturing Concerns - John Crane Sealings & Systems India Private Limited, Tenneco Automotive India Private Limited, British Engines Limited
- Shared Service Centre: NCR Corporation
KARVY & Co., Chartered Accountants
07.2009 - 12.2009
- Exposure to a wide Spectrum of Audits and Taxation services in a range of industries, leading to experience in the following areas Statutory Audits, Tax Audits, Limited Reviews, Company Law and Income tax matters. Major audits assignments included listed companies like Avanti Feeds Limited, Suven Life Sciences Ltd etc
- Article Assistant: Managed various assignments for several companies as an article assistant at KARVY & Co., Chartered Accountants, Hyderabad from August’2006 till July’2009.
Education
CS Executive Program -
Institute of Company Secretaries of India
06-2010
CA Final - undefined
Institute of Chartered Accountants of India
11-2008
CA PE-II - undefined
Institute of Chartered Accountants of India
05-2006
B.Sc (Che) - undefined
Andhra University
05-2005
Intermediate - undefined
Board of Intermediate, Andhra Pradesh
03-2002
SSC - undefined
Board of Secondary Education, Andhra Pradesh
03-2000
Skills
US GAAP & SOX Compliance
Controllership
Leadership, Coaching & Team Management
Revenue Accounting & Recognition
Process Improvements & Automation
Knowledge Transitions
Financial Closing & Reporting
Mergers & Acquisitions
Planning and performing the tasks with speed & accuracy
Positive thinking, Management of time and delegation of work
Leading the team right from the beginning
Effective communication & coordination skills
Ability to work in demanding situations and effectively meet tight schedules
Strong Analytical skills in review of financial statements
Fully conversant and proficient in working with MS Office (Word, Excel, Visio & Power Point)
Exposure towards People Soft, SAP & Oracle work environment
Exposure to various reporting & automation tools: Tableau, HFM, Alteryx, ARM, n8n Tool etc
Strategic finance leader with global expertise in accounting operations and SSC leadership
Led complex processes—Revenue, Leases, Intercompany —ensuring US GAAP and SOX compliance
Directed global close cycles, supported 10Q/10K filings, and delivered insights to senior leadership
Drove automation, standardized processes, and built high-performing, cross-regional finance teams
Personal Details
- Marital Status: Married
- Passport: S7658033 (Valid till Oct’2028)
Timeline
Qualcomm India Private Limited
02.2017 - Current
Finance Controller: South-East Asia Region
Virtusa Consulting Services Private Limited
08.2014 - 02.2017
IGATE Global Solutions Limited
08.2012 - 08.2014
Core Assurance
Price Waterhouse
01.2010 - 07.2012
KARVY & Co., Chartered Accountants
07.2009 - 12.2009
CA Final - undefined
Institute of Chartered Accountants of India
CA PE-II - undefined
Institute of Chartered Accountants of India
B.Sc (Che) - undefined
Andhra University
Intermediate - undefined
Board of Intermediate, Andhra Pradesh
SSC - undefined
Board of Secondary Education, Andhra Pradesh
CS Executive Program -
Institute of Company Secretaries of India