Rahul Reddy

Key Responsibilities:

Managing all aspects of Deliverables to the client, GL posting, General accounting and Month End Closing of Accounts & Reconciliations

• Accounting Process Enhancement: Successfully implemented new accounting procedures and reengineered workflows to eliminate redundant steps. Automated processes, resulting in a 20% increase in efficiency. Minimized manual errors and accelerated the entire accounting cycle. Optimized task sequences, significantly improving productivity.
• Reporting: Prepared IOI (Internal Operating Income) reports to update senior management on variances between Actual, Budget, and Forecast. Monthly AR Aging Report to assisted senior management in managing credit risk and financial stability by continuously following up on aged items and reporting them in status calls.
• Transition: Successfully handled the remote transition of “Global Accounting and M&R Capitation “activities within TAT.
• Team Handling: Help the Team in Meeting SLA's and report SLAs to the clients and Management.
• Appraise Team Members on their performance and design their career path.
• SOP: Review SOPs prepared by team members and get signed off all the SOPs by clients simultaneously.
• Reconciliations: Timely review of balance sheet general ledger account reconciliations using Blackline, achieving an audit score of more than 98% each quarter.
• Accounts Payable Expertise: Spearheaded the review and approval process for Concur (Travel & Expense) coding,innovating an Excel-based AP reporting system. This strategic enhancement not only streamlined regular invoice coding procedures but also facilitated consistent updates, culminating in a 15% improvement in operational efficiency and a significant reduction in error rates
• Financial Management Excellence: Efficiently administered cash registers for 15 bank accounts across Ireland, the UK, and FZE-Dubai, ensuring meticulous record-keeping and upholding the highest standards of financial transparency.
• Intercompany Process: Led a dedicated team in the meticulous execution of intercompany processes, guaranteeing precise alignment and reconciliation among various ledgers. This pivotal role played a key part in strengthening the integrity of financial statements, ensuring they accurately represent the organization’s fiscal position.
• Prepaid Accounting: Led the preparation of schedules for the prepaid accounts category and executed journal entries in PeopleSoft. Proactively followed up on open items from reconciliations and conducted comprehensive root cause analyses to rectify errors, enhancing the efficiency and accuracy of accounting processes.
• Accrual Accounting: Led the review of monthly journal entries including Deferred Revenue Charge Back, Accrual, Re-class, adjustment, and correcting entries in PeopleSoft. Ensured adherence to Turnaround Time (TAT) standards, demonstrating a commitment to accuracy and efficiency in accounting processes.
• Auditing: Worked closely with the external auditor on providing the accurate data for external audit.
• Dashboards: Preparation of monthly process dashboards for clients and management review.
• Call Handling: Handling monthly calls with clients and regular calls with the on-shore team in case of clarifications needed.

• Executed day-to-day General Ledger transactional processing to maintain accurate and up-to-date ledgers.
• Processed inter-company transactions, including netting proposals.
• Reported on receivables, payables, unallocated receipts, and payments to the business.
• Posted monthly GIT (goods in Transit) and GRNI (good received not invoiced) entries.
• Posted corporate settlements received in the bank and cleared intercompany variances.
• Ensured no variances occurred between entities by preparing monthly reports on intercompany balances, investigating any discrepancies, and providing explanations.
• Prepared monthly reconciliations for Intercompany accounts, cash accounts, and suspense accounts.
• Conducted Financial Statement Analytical Review on financial statements and reported findings to corporate head.

• Conducted legacy journal postings for AR settlements and re-class journals in Sail SAP to customer accounts and managed open item management on a monthly basis.
• Handled six company codes and four generic mailboxes for journal postings with appropriate approval.
• Posted AP legacy GIT accrual journals and prepared accrual working statements.
• Prepared SASFM report monthly to clear intercompany mismatches and ensure zero balance sheet reconciliation variances.
• Conducted intercompany cash settlements for companies that paid directly via bank.
• Prepared SASFM 7m5 report at the total legal level daily and sent it to the business, attending the conference call to review the report and provide resolutions for intercompany variances.
• Monthly preparation of open item statement for business review.

Executed the role of an Accounts Payable Officer at DPSG (Beverage & Bottling Company).

• Oversaw the accounts payable function for US clients, ensuring the prompt and accurate processing of invoices and payments.
• Prepared daily parked and block reports, providing valuable insights into financial operations.
• Proactively resolved parked and block issues by actively engaging with vendors, resulting in improved efficiency and reduced payment delays.
• Trained and mentored new team members on accounts payable processes, ensuring seamless integration into the team.
• Conducted daily synchronization reports to update financial records, ensuring data accuracy and integrity.
• Updated process updates in Excel spreadsheets and shared them with the team, facilitating streamlined workflow and effective communication.
• Generated daily TAT reports, monitoring and reporting on vendor response times for parked and blocked issues.
• Effectively communicated with vendors, addressing queries promptly and providing timely responses.
• Demonstrated exceptional attention to detail, accuracy, and organizational skills in managing accounts payable operations.