Rakesh Agarwal

· Vendor Management, Contingent workforce management, Accounting and billings for Managed capacity resources and Contractor for over 6000+ resources working for the bank globally

· Managing Self-billing process for IT vendors having 6000+ resources (annual spend ~500 million CHF), Tracking Purchase orders and receipt creations on behalf of IT functions for approx. 10,000 + invoices and 5000+ POs annually.

· Handling Month end activities and provide comments for unexplained balances/breaks and accrual catch ups

· Assisting IT units in understanding CA-PP gap, Actuals vs Forecast issues, OnePPM and resource monetization query handling and resolution.

· Administrated support in business planning, budgets, cost analysis, accounting and reporting.

· providing active resource headcount report and associated expense for all of IT units to higher management n2/n3 level

· Ensured understanding business needs, auditing, compliance, tracking progress towards goals and measuring performance throughout the year

· Involve and supporting in SOX controls and MARCS Audits. Responding to external and internal Auditors queries, working on DET/audit steps and controls

· Collaborated with Internal Risk team and External Auditors (EY&PWC) for control matter remediation's (SOX controls and MARCS Audits).

· Planning and executing audit assignments which includes assessing the design and operative effectiveness of internal control structure and compliance with policies and processes.

· Responsible to provide sign off on UAT and implement Change requests for CS Internal ERP/system.

· Involved in defining financial and organization reporting structure including working on Projects for system automation.

· Support Statutory, Regulatory and Management reporting including expense analysis (IT wide) for the bank

· Developed strong cross-functional relationships with big 4 strategic vendors and stakeholders across different levels of the business.

· Lead monthly meetings with IT functions to identify challenges and highlight the focus areas.

· Experience in leading a team. Conducting Midyear and Yearly appraisals and nurturing the talent.

• AP Audit & Vendor Reconciliation
• Worked as an Associate-Auditor/Analyst in F&A for global clients-Target, CTC (Canada), Walmart
• Essential Duties and Responsibilities:
• Processing suppliers/Vendors invoices and employee’s payment transaction accurately and on a timely basis in SAP with 3 way match
• Audit on duplicate payments and missed discounts.
• Perform Inter- company reconciliation timely, accounts payable to general ledger, supplier statement, and bank statement
• Vendor Reconciliation, requesting vendor statements and resolving vendor queries
• Month end closing activities, maintaining daily dashboard and updating SOPs
• Ensuring intercompany balance confirmation with all locations
• Identify Missed discounts on invoices and to prepare debit note
• Prepare Weekly and Monthly report for the management
• Identify problem areas in the process and work with the team to generate solutions
• Ensuring invoices are authorized for payment in a timely manner
• Build and maintain relationships with internal and external clients, Stakeholders
• Recommending for any process improvement or Automation.

• Accounting activities, accounts payable, banking activities
• The Organization having all India distributorship of Computer Peripherals and mainly dealing with Retailers/ Distributorship on All India basis
• A brief profile of my role as an Accounts officer:-
• Booking invoices for purchase from vendors made by the Firm
• Posting and Rectifying journal entries and postings of Accruals
• Reconciliation of General Ledger with Sub-Ledgers
• Analyzing and Preparing Bank, Vendor and Customer Reconciliation
• Preparing ageing statements of debtors and creditors
• Booking of expenses vouchers/Employees Expenses
• Ensuring that all payments are made to vendors within the stipulated time frame & managing accounts payable within the pre-set parameters and reconciliation with parties
• Maintained Purchase, Sales & production registers and Accounting entries i.e Cash, Bank, Purchase, Sales
• Bank Reconciliation and issuance of cheque/fund transfers to vendors/suppliers/Handling petty cash
• Responsible for controlling the cost of Accounts Receivable and accounts payable by auditing the invoices raised and received
• Involved in issuance of Bank guarantees and LOC
• Other day to day accounting activities as assigned

• Project Title : Marketing and Promotion of Standard Chartered Equity Mutual Fund.