Rajesh Revankar
Core Finance Managment and Control Fram work & Risk Management
Pune
Summary
Competent with 17 years of solid experience in strategic planning and vertical business development. Adept at putting changes into practice to maximize business operations' efficiency. In addition to having extensive experience with AR/AP & inter-entity reconciliation and all kinds of Payment , fixed assets management, GL accounting, P&L analysis, T&E accounting, forecasting, variance analysis, revenue accounting, taxation, cash flow, ICOFR auditing, risk management, and SOX/CAF testing, the individual is highly skilled in process optimization. Along with the balance sheet's completion.
Overview
1826
1826
years of professional experience
5
5
years of post-secondary education
Work History
Assistant Vice President
Credit Suisse
01.2022 - Current
- Handling compliance reporting of ICFOR/Sox along with testing control on a monthly basis
- Managing stakeholders and internal and external auditors
- Identify process improvement area to re-engineer processes and eventually reduction in FTE cost
- Conduct walkthrough/talk through/desktop reviews with SMEs of Payments world to assess their compliance with SOX Act
- Supported Group Operations to govern their risk portfolio, by performing the Design Effectiveness (DE) and Operating Effectiveness (OE) testing of Payment Operations controls in place globally
- Publish test findings and provide recommendations to reduce risks
- Participated in related work streams, trainings, and evaluating & reporting internal control deficiencies/issues to senior management
- Cross-culture collaboration with Business Process owners, Risk Managers, & Internal Auditors
- Drafted SOP for the team
- Conducting workshops for engagements imparting knowledge transfer
- Compile and publish weekly reports to F&A senior management
- Participating in the project to oversee the control mapping migration activity and determine the new control's scope
Senior Finance Manager
HDFC Life Insurance
01.2021 - 01.2022
- Handled Pan India Account payable and collection process including 200 Branch/Head office of Exide life
- Managed operation of Processing/Pay-out/Accounting process
- Handled Month end activity of closure of books accurately along with reporting of PL number to management
- Reviewing weekly reconciliation of all control account/PL analysis for expense code/Balance sheet code
- Performing duplicate analysis on daily basis along with identify fraud bill mechanism of employee travel expense
- Weekly basis reviewing GST input reconciliation along with TDS
- Reviewing Budgeted vs Actual forecast monthly along with variance analysis
- Daily basis reviewing Bank reconciliation of open item payable/Collection Settlement through third party
- Handling 200 Branch petty Cash along with Happy card/payments/reconciliation
- Monthly call with CFO/COO about Monthly Dashboard/MIS/Financial
- Automated Manual payable process in robotics along with OCR mechanism
Finance Manager
Qwikcilver Pvt Ltd (Pine Labs Ltd)
01.202 - 01.202
- Handled Core Business finance for Gift card process for pan India operational
- On monthly basis arriving the Taxation for GST/TCS return file to the government along with TDS calculation for the stores
- Weekly & Monthly Basis performing RBI compliance/MIS Reporting
- Monthly Basis performing Interchange calculation along with any dispute query raised by respective merchant and Customer
- Weekly basis Bank reconciliation of collection and Merchant
- Accounting in ERP and control account recon
- Calculation for Commercial of third party and performing pay-out along with PG reconciliation
- GST invoice are raised to respective acquirer banker of NPCI cleared the settlement amount for Merchant
- Monitoring ESCROW account and daily basis Reconciliation of liability account
- End to end AP/AR process of Gift card/Monthly basis prepare P/L & B/L along with MIS reporting to Management
Assistant Manager
Bharti Airtel Ltd
01.201 - 01.201
- Collection Bank Reconciliation (450 Bank Account- along with Maintaining the Audit compliance on Monthly basis with internal and external)
- Order to Cash process (contain Fund Reconciliation/Primary Billing/Bad debts computation/AR-GL Reconciliation/Billing tool vs ERP Balance Reconciliation/Distributor Master Management)
- Monthly basis releasing the Dashboard/SLA Matrix/ICFR data to the auditor
- 4 Counties onsite Transition successfully completed
- Handled Pan India O2C operation for 23 Circle
- Processing distributor commission/payout on monthly basis for respective opco
- Post-paid Revenue analytics- De-construct of Post-paid Revenue segment wise, partner wise revenue
- Analytics on Data Revenue (2G & 3G Revenue)
- Tracking of Effective Rate (ER) movement of Data Revenue included leg wise Revenue rate movement
- Channel Partner Performance Analysis- Franchisee Retail & Own Retail
- Various adhoc analysis e.g
- Dual Sim Handset users, Site wise Data Revenue analysis, Volume Base Charging analysis, and In roamer usage analysis
- Benchmarking with competition with respect to Data Usage Market Share
- Financial revenue reporting on monthly basis of respective opco
- Critical revenue & liabilities reconciliation on monthly basis
- Preparation of Revenue files for Processing Fees, Decrement, and Activation Fee
- Preparation & Analysis of Prepaid Result output and timely and accurate calculation and Reporting of Revenue
- Coordination with channel and BPA team for revenue accounting and non-compliance
- Timely and accurate submission of Inputs to Channel/Customer Accounting/BPA/FR per SLAs
- Initiate smooth functioning of the process in Shared Service Environment by meeting all SLAs or KPIs for the process
- Handled India and Africa AR-GL Reconciliation
- Handled End to End Withholding Tax and return filing to Government
- Customer balance reconciliation between billing vs ERP Tool
- Hands on moving data from Legacy to new ERP implementation
- Handling GST compliance monthly basis and return filing details in the portal and coordinating with auditor to meet the IGAAP compliance
- Providing input for the cash flow statement to the corporate office at Delhi
- Vendor reconciliation, if any debit balance performing analysis due to duplicate payment or Payment rejection
- Post closure of Books finalizing the P/L & Balance sheet for Karnataka circle on monthly basis
Assistant Manager
EXL Service Global Solution Centre (KPMG)
01.201 - 01.201
- Handling Month closure of books of all Asia countries sub modules books
- Handling Control Account Reconciliation of AR/AP/FA/payroll on Daily basis
- Performing the Bad debts computation based on Aging report and triggering to the respective entity for recovery
- Handling Tax computation and control Account reconciliation along with sac accounting reconciliation in quick books
- After Closure Trend analysis of P/L Account/Budgeting & cash Forecast analysis
- Passing Adjustment entries in books based on client request with proper approval email along with supporting documents
- Daily basis performing the Payment/Collection/Mixed account Bank Reconciliation and raising if any red flag to the client in order to clear the open item before month closure
- Weekly basis Handling payroll reconciliation of parking invoice of respective entity
- Managed daily basis approval for parking invoice for countries wise vendor
- Performing computation for EBITDA/Gross profit/FA scheduled/Month end Adjustment entries
- Maintaining Prepayment/Deferred revenue scheduled
- Inter entity reconciliation and raising Debit memo to respective counter entity
- Petty Cash reconciliation on daily basis
- Billed vs Revenue accounting on daily basis if any re-class to be performed on same day
- Preparing the cash flow statement on monthly basis for the respective unit
- Vendor account reconciliation on weekly basis post pay-cycle
Team Lead
Societe Generale Global Solution Centre
01.201 - 01.201
- Complete Account payable cycle from Invoice barcoding to payment to the vendor (PO/Non po invoice)
- Knowledge payment cycle (EFT/ACH/SWIFT payment mode)
- Weekly basis performing the IC (Inter entity reconciliation) and raising the respective wise Debit memo to recovery fund from respective entity
- Payment Bank Reconciliation on weekly basis to analysis all payment has been paid to respective vendor or any duplicate payment or payment rejection to be analysis and taken corrective action
- Performed the Monthly basis all control Account reconciliation and daily basis performed the GL posting and accounting entries created or any variance due to interface issue to be fixed
- Monthly basis performed the capitalization of Asset which is parked in the control account and Maintaining the WIP account scheduled, eventually passing the Depreciation entries and maintain the FA Books along scheduled
- (If any adjustment on month end for retention of asset or selling to other entity)
- Maintaining prepayment scheduled and passing re class entries to respective expense account on monthly basis
Finance Executive
Hewlett Packard Global Solution Centre
01.200 - 01.201
- Daily basis processing Vendor invoice of target 120
- Post 6 months validation of Invoice first level of approval
- Weekly basis following with respective approver to clear the queue, if any rejection will be validated and reprocessed with proper back in order to re approve the invoice in the SAP
- Clearing the Queues at the month end for closure of books, if any discrepancy with vendor details coordinates with VDM Team
Education
MBA - Financial Management
Sikkim Manipal University
Manipal, India 11.2009 - 06.2011
BBA - Financial Management
SDM College
Honavar, India 02.2005 - 06.2008
Skills
Excel Macro coding
SAP
PeopleSoft
Oracle
Swift Messaging
QuickBooks
MACRS _ Risk and Control Testing Fram work
Leadership qualities
- Handled team size of 35 employees in various companies.
- Conducted monthly feedback sessions with employees.
- Handled conflict management within teams.
- Reviewed work and tracked errors for monthly feedback.
- Performed time motion study and removed wastages in the process.
- Identified weak areas and provided training on a monthly basis.
On-site Transition Experience
- 6 Months, Kenya, Identified proud management and centralized completed process in India.
- 2 Months, Gabon, Migration of complete back-end activity finance and risk management.
- 3 Months, Niger, Standardization of bank reconciliation and enrichment of payment process.
- 3 Months, DRC, Managed and completed financial activity including budgeting and cash flow.
- Completed Core accounting process migration, Hong Kong to Bangalore, 2011
Personal Information
- Passport Number: J2365108
- Passport Expiry Date: 12/31/31
Timeline
Assistant Vice President
Credit Suisse
01.2022 - Current
Senior Finance Manager
HDFC Life Insurance
01.2021 - 01.2022
MBA - Financial Management
Sikkim Manipal University
11.2009 - 06.2011
BBA - Financial Management
SDM College
02.2005 - 06.2008
Finance Manager
Qwikcilver Pvt Ltd (Pine Labs Ltd)
01.202 - 01.202
Assistant Manager
Bharti Airtel Ltd
01.201 - 01.201
Assistant Manager
EXL Service Global Solution Centre (KPMG)
01.201 - 01.201
Team Lead
Societe Generale Global Solution Centre
01.201 - 01.201
Finance Executive
Hewlett Packard Global Solution Centre
01.200 - 01.201
Similar Profiles
ASHISH BANAITASHISH BANAIT
ENO-3 / Subject Matter Expert at Credit SuisseENO-3 / Subject Matter Expert at Credit Suisse
Sadaf ShirdelSadaf Shirdel
Executive Director, Data & Analytics Platform at Credit SuisseExecutive Director, Data & Analytics Platform at Credit Suisse
Helder RibeiroHelder Ribeiro
Senior Production Support Analyst at Credit SuisseSenior Production Support Analyst at Credit Suisse
Imran ShaikhImran Shaikh
Securities Operations !! Account Closure Service at Credit SuisseSecurities Operations !! Account Closure Service at Credit Suisse
PRASAD JAHAGIRDARPRASAD JAHAGIRDAR
Co-founder and Director at Schego Solutions Private LimitedCo-founder and Director at Schego Solutions Private Limited