Naveen Kumar Palakurthy
Accounting & Finance (R2R), Fund Accounting
Hyderabad,Telangana
Summary
Dynamic finance professional with over 7 years of experience at Real Foundations & Cloud Integrate, excelling in Financial Reporting, Analysis, and Reconciliation. Expert in leveraging Excel VBA Automation and analytical skills to streamline processes, achieving a 20% reduction in closing time. Proven leader in enhancing financial accuracy and team performance.
Overview
8
8
years of professional experience
3
3
Certifications
Work History
Accounting & Finance (R2R) - Process Specialist
Real Foundations(RF Managed Services India PvtLtd)
12.2021 - Current
- Accomplished professional with 5 years of experience in Finalization of Accounts (Balance sheet, Income Statement), Cash Flow, Budgeting, Taxation, Financial Planning & Reporting, Forecasting, Accounts Payable, Accounts Receivable, General Ledger & Compliance Audit.
- Perform daily reconciliation of fund activities, ensuring accuracy and compliance with regulatory requirements.
- Performing Monthly/Quarterly closing of financials which includes generating and reviewing financial statements, reconciliation of variances, analyzing key accounts, identifying unusual transactions, verifying adequacy of reserves and accruals, follow-up and reviewing with management, preparing adjusting journal entries.
- Responsible for the general ledger month-end close and presentation of the balance sheet and income statement results and analysis.
- Assist and supervise other team members and keep track of day to day deliverables.
- Perform end to end manual and automatic bank reconciliations with bank books, statements to balance accounts to the ledger including book reconciliation adjustments, bank reconciliation adjustments.
- Perform monthly and quarterly intercompany account reconciliations.
- Perform Income allocations and NAV Calculations to the investors.
- Perform monthly and quarterly cash & intercompany tasks in line with procedures
- Identify and investigate significant intercompany breakages
- Processing and posting of journal entries for all kinds of transactions.
- Recording and maintaining various processes related to Accounts Receivable and Payables.
- Processing of invoices for various vendors and it's reconciliations.
- Prepare reports and perform variance analysis of financial statements.
- Perform and monitored monthly Cash Flow KPIs. Collaborate with cross-functional teams to streamline processes, resulting in a 20% reduction in closing time. Provided required input to the external auditors for annual audit and reviewed findings to ensure accurate and reliable financial information.
Accounting & Finance (R2R) - Senior Associate
Cloud Integrate Systems
03.2017 - 11.2021
- Maintain General Ledgers and Month-end closing activities for UK Entities.
- Proposing Accrued Expenses and Revenue journals and Reclassification Journals.
- Expenses recharge within entities and sending Invoices to counterparties.
- Preparation of Accruals summary report on monthly basis.
- Updating BS Deck for Holding & Subsidiary entities and giving comments for MOM variances of BS accounts by comparing with the previous month.
- Revaluation of Inter branch (Foreign) transactions and Elimination of Intercompany balances.
- Analyses to find out reason for intercompany mismatches and work with concerning contact to clear the mismatches.
- Prepare reconciliation of Balance Sheet accounts and submit in Account Reconciliation tool (Black line).
- Perform and ensure high-quality account reconciliations with Zero defects.
- Lead all financial reporting including BS and PL action items and all Ad hoc reporting requirements.
- Reporting of financial numbers to Businesses using FCCS
- Finding reasons for variance in EBIT on monthly basis.
- Proposing IC payments after netting off counterparty balances within agreed timeline.
- Supervision & Evaluation of team performance, escalation handling, Review & Reporting of SLAs & Key performance indicators of the team members.
- Prepare and posting of Journal Entries and ensure timely monthly, Quarterly and Annual closure of books.
- Assisting team members with workload during periods of high volume or absence due to holidays or sickness.
Education
Post-Graduate Diploma - Financial Management
IGNOU
Hyderabad, India 04.2001 -
CA - Inter (Graduation) - Accounting And Finance
The Institute of Chartered Accountants of India
Hyderabad 04.2001 -
Bachelor of Commerce - Accountancy And Finance
IGNOU
Hyderabad, India 04.2001 -
Skills
- Record to Report
- General Ledger
- Accounts Payable
- Accounts Receivable
- Fund Accounting
- Analytical Skills
- Blackline tool
- Intercompany Reconciliations
- MS Office
- Reconciliation
- Financial Reporting
- Financial Analysis
- Month End Close
- Bank Reconciliation
- Data Visualization
- Variance Analysis
- IND AS
- GAAP
- Procure To Pay(P2P)
- Order to Cash(O2C)
- SAP FICO
- Excel VBA Automation
- Fixed Assets
- Accruals
- Accounts Finalization
- Bank Reconciliation
- Investor Reporting
- Data Visualization
- Property Accounting
- MIS
- Budgeting & Forecasting
- Yardi
- Record to Report
Certification
Lean Six Sigma (Udemy)
Timeline
Lean Six Sigma (Udemy)
08-2023
SAP FICO (Udemy)
07-2023
Quickbooks (Udemy)
05-2023
Accounting & Finance (R2R) - Process Specialist
Real Foundations(RF Managed Services India PvtLtd)
12.2021 - Current
Accounting & Finance (R2R) - Senior Associate
Cloud Integrate Systems
03.2017 - 11.2021
Post-Graduate Diploma - Financial Management
IGNOU
04.2001 -
CA - Inter (Graduation) - Accounting And Finance
The Institute of Chartered Accountants of India
04.2001 -
Bachelor of Commerce - Accountancy And Finance
IGNOU
04.2001 -
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