PHANIRAJA S
Chennai
Summary
- A semi-qualified Chartered Accountant with extensive experience in accounting and finance, recognized for effectively leading diverse teams to achieve outstanding results in challenging environments.
- Expertise spans Procure-to-Pay (P2P), Record-to-Report (R2R), Order-to-Cash (O2C), and Budgeting & Forecasting, complemented by a strong foundation in internal and external audits. Proficient in financial reporting, reconciliation, variance analysis, and commentaries, delivering insightful reports that drive strategic decision-making.
- Skilled in implementing and refining processes to ensure efficiency and compliance with regulations and organizational policies. Committed to fostering a culture of continuous improvement, consistently strengthening internal controls, and streamlining operations.
Overview
12
12
years of professional experience
20
20
Certifications
Work History
Accountant
McDermott International
Chennai
06.2024 - Current
- Streamlined month-end close activities and ensured timely financial reporting for McDermott International.
- Collaborated with external auditors during the annual audit & Transfer Pricing process to provide necessary documentation and address any concerns or findings promptly.
- Managed Balance sheet reconciliations and inter-company matching.
- Enhanced financial processes through automation using Macro’s (Excel) and Power BI, driving significant efficiencies.
- Monitored KPIs and SLAs while overseeing project budgeting and forecasting to optimize resource allocation.
- Pre-screening financial analysis during on-boarding of Contractor & Sub- Contractors for procurement and project delegation.
- Conducted thorough UAT testing, collaborating with stakeholders to identify and resolve system loopholes.
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
- Improved budget forecasting accuracy with detailed variance analysis between actual and budgeted figures.
- Enhanced team productivity and knowledge by leading regular training on accounting best practices and software updates.
Lead - Financial Accounting
Tesco Bengaluru Pvt Ltd
Bengaluru
11.2022 - 05.2024
- Directed month-end and year-end close procedures, meticulously handling journal entries, account reconciliations, and ensuring financial statement accuracy.
- Proficient in managing HFM, Smart View, FDMEE data loads, HFM validation clearing, ARCS, and actively involved in audit processes, providing comprehensive documentation and support.
- Additionally, responsible for preparing and updating SOPs, presenting KPIs, conducting IC Matchings, analyzing P&L, and offering commentaries for P&L variances between Budget, Forecast, and Actual numbers.
- Budgeting and forecasting with Real time data and Market movement from the prior period actuals.
- Provided mentorship to junior staff, guiding them on daily responsibilities, project execution, and goal achievement.
- Demonstrated leadership by innovating work procedures and facilitating peer training.
- Reconciliation between HFM, FDMEE, & Oracle data, prepared Exceptional trackers, & presented findings to the Group.
- Updation of country & Group review files, working capital analysis & commentary, submitting them to stakeholders.
- Analyzed P&L and Balance sheet account lines, overseeing period book close and opening balance transfers.
- Ensured proper workflow setup and accurate journal postings with appropriate approvals.
- Conducted thorough reviews and analysis of general ledger accounts, adhering to stringent accounting standards.
- Managed a team of six members, overseeing cross-training initiatives, optimizing available FTEs efficiently, organizing learning sessions, and facilitating team-building activities to foster a challenging environment and enhance visibility before stakeholders.
- Spearheaded Continuous Ideas management and savings initiatives, contributing to Smart R2R projects.
- Conducted regular discussions with managers regarding process updates, team feedback, appraisal and promotion discussions concerning associates and senior associates, ensuring timely communication & alignment with organizational goals.
- Managed the transition of new activities and journals from the market side and local stores/sites.
- Aligned activities according to available FTEs and planned backups.
- Ensured compliance with company internal policies, internal controls, SOX compliance, and improved processes to save time and increase efficiency, incorporating ideas from all team members.
- Conducted UAT testing and identified system loopholes.
- Collaborated closely with stakeholders, Group teams, Internal Finance teams, HFM support team, and Oracle technical team.
- Provided support to other teams including P2P, O2C, Local GL, FA, Lease, Payroll, Treasury, Channels, CCC team, Tax, Groups, and FP&A team.
Senior Accounting Specialist
Consero Solutions India Pvt Ltd
Bengaluru
09.2019 - 10.2022
- Proficient in Accounts Payable (AP), Accounts Receivable (AR), & Record-to-Report (RTR) processes including Purchase Orders (POs), Bill and Invoice Processing, Vendor & Customer management, 1099 Tax filing, Payment initiation, Reimbursements, Collections, Payroll activities, Generating Outstanding Reports, Aging Reports, Vendor & Customer statement reconciliations, & Quality checks.
- Managed a team of 13 personnel.
- Reviewed and approved all Journals, Payroll transactions, POs, Bills, invoices, Credit Card transactions, & expense reimbursements processed by the team before dissemination to other departments & clients.
- Developed and implemented policies, procedures, and controls to streamline the process and mitigate risk.
- Conducted regular analysis of data to identify trends, patterns, and opportunities for cost savings and process optimization.
- Documented processes meticulously, maintaining clear and comprehensive procedural records.
- Mentored junior accounting staff, providing expert guidance on policies and best practices.
- Led a team of accounting professionals, fostering a collaborative and high-performing environment.
- Maintained proactive client interactions, ensuring exceptional service and relationship management.
- Capable of managing, guiding, and training the team on advanced features and updates.
- Experience in managing clients with multiple entities, projects, locations, departments, and branches.
- Conducted weekly and monthly calls/huddles with clients, discussing Variance Analysis for a better understanding of financial and reviewing performance.
- Regularly preparing and updating of Standard Operating Procedures (SOPs).
- Improved processes by identifying inefficiencies in existing workflows, process flaws to enhance time-saving, internal control and efficiency.
- Handling audit-related queries and ensuring smooth completion of internal and external audits.
Accountant
Free Lancer/Outsourcing work
Hyderabad
06.2017 - 07.2019
- Preparation of financial statements, including journal entries, billing, invoicing, provisions, and accruals. Managed ledgers, oversaw stock verification, and reconciled bank statements while handling complex transactions.
- Issued outstanding statements, monthly salary statements, managed expense reimbursements, and maintained compliance with tax regulations.
- Prepared VAT/GST returns, and filed individual income tax returns efficiently.
- Led internal audits, stock audits, and ensured adherence to internal policies as an external auditor.
Article Assistant
N. Adinarayana & Associates
Bengaluru
10.2013 - 10.2016
- Preparation & presentation of financial statements for Tax filings & MCA filings.
- End to end journal entries including provisions and accruals, analyzing adjustment entries, generating reports, and conducting balance sheet reconciliations & BRS.
- Reviewed accounting records and final accounts prepared by team members.
- Performed statutory audits for approximately 5 clients annually, tax audits for around 50 clients yearly.
- VAT/GST - Monthly and annual returns for over 60 clients, as well as internal audits (monthly, quarterly, and annually), forensic audits, stock audits, bank audits (2yrs), cooperative bank audits (3yrs), cooperative society audits, and audits of non-profit organizations.
- Suggesting improvements in internal audit controls.
- Engaged with senior client management to obtain necessary information, address audit-related issues, and propose recommendations for enhancing business processes.
- Conducted comprehensive evaluations of payables & receivables, equity, debt, and revenue to ensure accuracy in financial reporting.
- Successfully resolved financial and tax matters, leading to heightened customer satisfaction ratings.
- Provided training to newly hired personnel on accounting principles and company protocols at Client workspace.
- Developed projected financials for loan financing or overdraft facilities according to banking requirements.
Education
Bachelor of Commerce -
IGNOU
Bangalore12-2024
CA-Inter (IPCC) -
ICAI
Chennai05-2013
CA-CPT -
ICAI
Chennai05-2012
Intermediate (11th & 12th) -
Board of Intermediate Education
Andhra Pradesh03-2012
SSC -
Board of Secondary Education
Andhra Pradesh04-2010
Skills
- Accounting and finance
- Data reconciliation
- Financial analysis
- Process optimization
- Team collaboration
- Training and mentorship
- Financial reporting and control
- Budgeting and forecasting
- Internal controls
- KPI and SLA development
- Reconciliation processes
- Internal auditing
- Stock auditing
- Forensic auditing
- Tax auditing
- Bank auditing
- Statutory audits
- MCA filings
- Adoption of accounting frameworks
- Technological upgrades
Certification
Hyperion Financial Management (HFM)
Languages
- English
- Telugu
- Kannada
- Hindi
- Tamil
Hobbies and Interests
- Watching movies and OTT series
- Swimming
- Cooking
- Playing with my kid
- Browsing Internet
- Playing Shuttle
- Cricket
- Volleyball
Personal Information
- Date of Birth: 06/21/95
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Timeline
Accountant
McDermott International
06.2024 - Current
Lead - Financial Accounting
Tesco Bengaluru Pvt Ltd
11.2022 - 05.2024
Senior Accounting Specialist
Consero Solutions India Pvt Ltd
09.2019 - 10.2022
Accountant
Free Lancer/Outsourcing work
06.2017 - 07.2019
Article Assistant
N. Adinarayana & Associates
10.2013 - 10.2016
Bachelor of Commerce -
IGNOU
CA-Inter (IPCC) -
ICAI
CA-CPT -
ICAI
Intermediate (11th & 12th) -
Board of Intermediate Education
SSC -
Board of Secondary Education