Summary
Overview
Work History
Education
Skills
Languages
Executive Profile
Timeline
Generic

PRAVEEN BABALESHWAR

Bangalore

Summary

Results-driven finance expert with a track record of exceeding targets and fostering success in high-pressure settings. Combines strategic acumen with practical experience to implement effective solutions that enhance organizational performance. Known for a collaborative approach and commitment to delivering measurable outcomes.

Overview

19
19
years of professional experience

Work History

Senior Financial Analyst

OpenText
02.2023 - Current
  • Company Overview: Open Text acquired Microfocus, it became integrated into the Open Text Company
  • Analyzing projects and sales orders, making adjustments as necessary to address findings and improve outcomes.
  • Approving reconciliations and reporting on risk items, ensuring accuracy and compliance with established standards.
  • Engaging with various business groups to coordinate activities and gather necessary data for financial analysis and reporting.
  • Contributing to business group consolidation reporting, facilitating segmentation and implementing balance sheet elimination processes.
  • Preparing and approving journals related to costs and revenues, maintaining accurate financial records.
  • Playing an active role in legal entity migrations, contributing to testing efforts and facilitating transaction creations.
  • Successfully resolving escalatable items from $32 million to $200,000 in deferred and unbilled accounts within a three-month period.
  • Designing and implementing an unbilled aging report, addressing a longstanding challenge within the organization.
  • Participating in external audits as a key team member, achieving clearance with no significant remarks.
  • Spearheading cost reduction initiatives by analyzing expenditure patterns & recommending strategic cost-saving measures.
  • Recognition and Awards: Received quarterly awards, including the Pit Crew Award, for outstanding contributions to financial analysis and process improvement.

Senior Financial Analyst

Micro Focus (formerly HP / Hewlett Packard Enterprise)
01.2020 - 02.2023
  • Conducted comprehensive analysis of projects, including financial performance, budget adherence, and forecasting accuracy; prepared detailed reports and presentations to communicate findings to stakeholders.
  • Analyzed sales orders to ensure accuracy and completeness, identifying any discrepancies or irregularities; collaborated with sales and operations teams to resolve issues and improve order processing efficiency.
  • Performed timely and accurate reconciliations of financial accounts, identifying and resolving discrepancies; maintained detailed documentation of reconciliation processes and findings for audit purposes.
  • Collaborated with project managers and finance teams to manage the revenue recognition process; ensured compliance with accounting standards and company policies while accurately reflecting revenue in financial statements.
  • Worked closely with project managers and finance teams to gather billing information for unbilled positions; monitored unbilled accounts, analyzed billing data, and facilitated timely invoicing to optimize cash flow and minimize revenue leakage.
  • Assisted in the preparation of financial reports, including monthly, quarterly, and annual financial statements; provided insights and analysis to support decision-making and strategic planning initiatives.
  • Prepared balance sheet review with periodical variance explanation.

Team Leader

Capgemini
07.2013 - 12.2019
  • Successfully piloted and managed the transition in finance roles in 2013, ensuring smooth integration and alignment with organizational objectives.
  • Oversaw a team of 6 members responsible for diverse tasks including financial reporting, accounts receivable, cash application, month-end closing, and account reconciliation, ensuring timely and accurate completion of deliverables.
  • Functioned as both an individual contributor and a people manager within the team, providing support to clients while effectively leading and mentoring team members to achieve objectives.
  • Managed critical activities such as deferred and revenue recognition, variance analysis, and financial reporting for various profit and loss overheads within specific business groups, ensuring compliance and accuracy in financial processes.
  • Recognition for Excellence: Received financial awards for four consecutive quarters in FY'17 in recognition of exceptional performance in handling critical financial reporting and analysis tasks, demonstrating consistent excellence and contribution to organizational success.

Financial Analyst

Hewlett-packard
03.2007 - 07.2013
  • Led the Part Inventory and Revenue Accounting team for over 5 years, overseeing activities such as physical inventory counts, inventory reconciliation, and Book to Physical inventory processes across regions.
  • Managed various team activities including physical inventory count, inventory reconciliation, and Book to Physical inventory activities across regions for 2 years.
  • Contributed to the Royalty Accounting team for 10 months, ensuring accurate and timely royalty payments based on revenue earned from licensed procurements.
  • Received multiple monthly, quarterly, and spot awards for outstanding performance throughout the tenure.

Education

Bachelor of Commerce (B.Com.) - Accounting

Kuvempu University
Shankaraghatta, Shimoga
06.2005

Skills

  • Financial analysis and reporting
  • Cost reduction strategies
  • Account reconciliation processes
  • Process transition oversight
  • Assurance and audit functions
  • Application of accounting principles
  • Management of personnel resources
  • Revenue recognition compliance
  • Enhancement of financial processes
  • Implementation of control systems
  • Royalty accounting expertise
  • Communication effectiveness skills
  • Teamwork collaboration abilities
  • Leadership intuition and innovation
  • Motivational leadership approach
  • Problem-solving analysis skills
  • Strategies for team development
  • Proficiency in SAP software (LH, BW)
  • Eiffel inventory control systems expertise
  • Oracle R11 database oversight
  • NetSuite financial solutions expertise
  • Hyperion financial management tools
  • Cognos business intelligence solutions

Languages

English
Hindi
Kannada

Executive Profile

  • Enhanced financial expertise over 17 years, specializing in R2R, O2C, Financial Reporting, and Royalties domains.
  • Currently excelling as a Senior Financial Analyst in the R2R domain within the professional services accounting team.
  • Showcased exceptional team management skills, leading a team of 6 members in the previous position.
  • Effectively ensured compliance and financial acumen by passing external audits on project accounting, reducing escalatables from $30M to $200K in 3 months.
  • Expertise in conducting thorough project analysis and sales order analysis, ensuring accurate financial adjustments and reconciliations.
  • Skilled in preparing and approving various cost and revenue journals, contributing to financial accuracy and compliance.
  • Actively involved in legal entity migrations, including testing and transaction creation, ensuring seamless integration and transition.

Timeline

Senior Financial Analyst

OpenText
02.2023 - Current

Senior Financial Analyst

Micro Focus (formerly HP / Hewlett Packard Enterprise)
01.2020 - 02.2023

Team Leader

Capgemini
07.2013 - 12.2019

Financial Analyst

Hewlett-packard
03.2007 - 07.2013

Bachelor of Commerce (B.Com.) - Accounting

Kuvempu University

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