SAP
Rajasekhar Reddy
Bengaluru,KA
Summary
Accomplished Senior Accountant with a proven track record at Alshaya Group, enhancing cash management efficiencies by implementing innovative systems and reducing costs. Expertise includes daily cash positioning, liquidity forecasting, bank reconciliations, and AR/RTR operations. Demonstrated success delivering seamless financial reporting and coaching high-performing teams.
Overview
16
16
years of professional experience
5
5
Languages
Work History
Senior Accountant
Alshaya Outsourcing India private limited
10.2020 - Current
- Daily Cash Positioning: Oversee daily bank balances, cash positioning, and forecasting to ensure optimal liquidity for operations.
- Payments: Monitor the team to process the payments as per advised by the AP team on daily basis within timeline.
- Coordinating with Treasury team for fund arrangements to process the payments on daily basis.
- Bank Reconciliation: Weekly and monthly bank reconciliations for 80 accounts; review bank statements and manage auto-reconciliation exceptions, ensuring timely resolution of discrepancies.
- Reporting: Prepare ageing reports for bank reconciliation open items and report to management for closure actions. Prepare and analyze cash flow reports, liquidity dashboards, and variance analysis to forecast future needs. Prepare BRS summary reports for 500+ accounts to review GL balances and variances.
- Following up with regional banks obtain mid-market rates to upload oracle for calculation on royalty payments.
- Uploading multiple currencies corporate rates in oracle on monthly basis.
- Oversee end-to-end AR processes, including invoicing, collections, and dispute resolution.
- Monitor customer aging reports and drive the team to achieve DSO (Days Sales Outstanding) targets.
- Ensure accurate and timely posting of payments and customer reconciliations.
- Trial balance review, intercompany reconciliations, and P&L finalization.
- General Ledger (GL): Review journal entries, accruals, prepayments, and adjustments ensuring compliance with GAAP/IFRS.
- Balance Sheet Integrity: Perform or review reconciliations for key accounts (fixed assets, accruals, intercompany).
- Audit Compliance: Ensure adherence to internal controls (SOX/ICFR) and provide data/support for internal/external audits.
- Team Management: Supervise and mentor a team of analysts, conduct performance reviews and upskills in domain/technical skills.
- Process Improvement: Identify bottlenecks in RTR/AR processes, implement automation (e.g., RPA), and update Standard Operating Procedures (SOPs).
Senior Executive - Finance & Accounts
Medlife International Pvt Ltd
08.2018 - 10.2020
- Responsibilities: order-wise sales vs. collection reconciliation; payment gateway reconciliations; bank receipt accounting; fulfillment center reconciliations; commission charge workings; outstanding ageing reports for B2C and B2B customers; sales validation and rectification; interbank and intercompany transfers; coordination with fulfillment centers for monthly book closures; TSA cash deposit follow-up; marketplace sales reconciliations (Amazon, Flipkart, Paytm); and monthly sales finalization for GST filing.
Senior Officer
Page Industries Limited (Jockey)
06.2014 - 10.2018
- Responsibilities: sales vs. collection reconciliation; accounting of service vendor invoices (EB, CAM, security); advising payments to treasury; rental processing for stores and warehouses; revenue share invoice processing; coordination with mall management; petty cash verification; cost center expense accounting; vendor query handling; monthly provisioning for operational expenses; prepaid schedule preparation; purchase invoice accounting; employee travel and expense reimbursements; vendor reconciliations; and debit/credit note processing.
Finance Executive
Arvind Lifestyle Brands Limited
03.2010 - 06.2014
- Responsibilities: timely accounting of service vendor bills; advising payments to treasury; prioritizing EB bill payments to avoid penalties; petty cash verification for stores and warehouses; accurate cost center expense accounting; query handling; monthly provision entry preparation; escalation of petty cash deviations; vendor reconciliations; and handling internal audits including process, monthly physical stock, and inventory audits.
Education
BBA -
Kalapoornodaya Public School
Tirupati, India 04.2001 -
Skills
Accounts receivable management
Accounts payable management
Cash Flow reporting
Bank reconciliations
General ledger accounting
Software
Oracle
Tally
Interests
Playing Cricket, listening Music
Timeline
Senior Accountant
Alshaya Outsourcing India private limited
10.2020 - Current
Senior Executive - Finance & Accounts
Medlife International Pvt Ltd
08.2018 - 10.2020
Senior Officer
Page Industries Limited (Jockey)
06.2014 - 10.2018
Finance Executive
Arvind Lifestyle Brands Limited
03.2010 - 06.2014
BBA -
Kalapoornodaya Public School
04.2001 -