Prateek Verma
Accounts And Finance Professional
Summary
Ambitious Individual aiming to leverage 12 years of expertise in spearheading business solutions to optimize organizational performance. Organized, dependable and successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
12
12
years of professional experience
2
2
Certifications
Work History
Manager
Royal Bank Of Scotland (NatWest Group)
6 2020 - Current
- Undertake reconciliations, accounting, MI and control activities to support the ledger close, reconciliation, substantiation and reporting
- Prepare, analyses, reconcile and amend data and understand the data flows within an IT infrastructure and its systems, and the impacts on the reconciliations
- Support change initiatives, process improvements and in-system implementations related to individual processes and applications
- Provide resolution of finance user queries and daily activity support to finance teams
- Analyzing Staff related costs and Provisions as per IAS 37.
- Liaise with the BI Team and FC for Timely completion of activities.
- Review and analysis of the actual vs forecast and provide commentary on the variances.
- Review and analysis of various schedules for accruals and provisions,
Accountant / Business Process Analyst
Moody's / Accenture
10.2016 - 05.2022
- Responsible for Netting journal and intercompany settlement journal, Payroll Journals, Unrecorded liabilities, Preparing Month-end Close journals including the Prepayments, Bank Movements, Amortization, Telephone Accrual.
- Responsible for analyzing and preparation of Vendor Accruals Journal for APAC region of Moody's and later successfully standardized the approach globally for the accrual
- Preparation of Monthly Reconciliations related to Bank, Intercompany, Balance sheet, Prepayment and Amortization schedules
- Part of Team supporting in Financial Transformation (UAT) testing from PeopleSoft to SAP and from Share point to Blackline
- Increased efficiency, support, and documentation of accounting processes by creating detailed schedules for journal entries
- Responsible for keeping track of multiple activities for the team like PKTs, Compliance trainings, Attendance, activities trackers etc.
Team Leader (Accounts)
GENPACT
07.2012 - 09.2016
- Analyzing the income and expense GL accounts on trend basis
- Identifying journal entries and removing variances on the basis of P&L review at regular interval
- Preparing intercompany recon and analyzing the variances and processing the accrual to remove variances
- Preparing and reviewing Balance Sheet and Bank Reconciliation
- Providing trainings to new hires and conducting PKTs for the existing members
- Handling team of Associates and taking care of end to process like 1-1, Overtime, Performance discussion etc for the team members.
Analyst
ACCENTURE
01.2012 - 06.2012
- Calculation of Royalty Payable amounts and uploading them on the system, client uses that data to make payment to their clients.
- Preparation and posting of all standard journals and intercompany payable/receivables.
- Preparation of General Ledger reconciliations and Vendor Reconciliation.
Education
Bachelor of Commerce - Commerce
Delhi University
Skills
Continuous Process Improvement
Planning and Coordination
Organization and Time management
Leadership
SAP, People Soft, Microsoft AX Software proficiency
Blackline, Sharepoint, Citrix, AWS proficiency
Certification
Certified in IFRS (International financial reporting standards), ACCA UK
Accomplishments
- Driven standardization for excel based format for preparing reconciliations which is used across Moody's.
- Awarded with lean certificates for quality ideas implemented in the process.
- Has been awarded Gold, Bronze and Annual award for being a reliable and consistent performer in the team and for the contribution to business.
Timeline
Accountant / Business Process Analyst
Moody's / Accenture
10.2016 - 05.2022
Team Leader (Accounts)
GENPACT
07.2012 - 09.2016
Analyst
ACCENTURE
01.2012 - 06.2012
Manager
Royal Bank Of Scotland (NatWest Group)
6 2020 - Current
Bachelor of Commerce - Commerce
Delhi University
Certified in IFRS (International financial reporting standards), ACCA UK
Certified in Computer Accounting, Institute of Computer Accountants (ICA)
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