Praveen Kumar S

• Budgeting /Forecast Preparation: Developed accurate and timely budgets and Forecast preparation for multiple Region, Business Unit level and Entity. Provided critical analysis of budget to identify discrepancies and provide recommendations. Created budget presentations and reports for Senior Management.
• Pre-closure/Variance Analysis: Run expenses analytical tool to merge raw data and validate entries booked entity wise and Business unit wise. Perform Pre-closure analysis by tracking expenses and revenue against prior month's actuals and provide commentary for identified variances.
• Referential validation/Mapping Maintain and track Responsibility codes and map them correctly to their respective Business unit, Sub-business unit and Profit centers.

Management accounting:

• Recharges: Calculate and post inter entity recharges for Hambros and perform ICO check on monthly basis.
• Provision computation: Computing Accruals and Prepayment for various P&L accounts like IT costs, External service provider, Offshoring, Technology & telecom, untaken holiday etc for 2 branches.
• Allocation: Costs are Split on basis of head count at CC level for Employee related, Premises,Insurance.
• Reconciliation: To perform Management and financial accounting Rec on monthly basis to ensure there is no difference reported.
• Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
• Oversaw all aspects of the month-end close process, ensuring timely completion of accurate Statistics and KPI's for higher management review.
• Conducted regular variance analyses in the manual entries posted to identify trends or issues requiring further investigation or action by management staff.
• Monitoring the quality of BCT and ensure good % of declaration, Manual entry monitoring, Reconciliation & Preparation of Statistics, KPI data updating, Analysis of partial certified keys & uncertified Keys, Aged & Dispute of Keys analysis.

• Conducted thorough financial statement audits for various industries, ensuring accurate reporting and compliance with regulations.
• Managed multiple concurrent engagements while meeting tight deadlines, demonstrating exceptional time management skills.
• Developed strong working relationships with clients through trust-building communication tactics and reliable service delivery.
• Successfully tested and implemented the tool with UK team and worked closely with the stakeholders by providing continuous feedback.
• I was also a trainer to new batches of team members in explaining the accounting production process and highlighting the nuances of the software.
  • Review of work performed by juniors.
  • Coaching and mentoring junior members in the team.