Ramesha Yellur - Associate Delivery Manager : Master Data Finance - ABB Global Business Services India Pvt. Ltd.

Summary

To work in a company, which utilizes my skills and knowledge gained over the years and offers a competitive environment to broaden my sphere of knowledge to grow.

Overview

1

Language

31

years of professional experience

Work History

Associate Delivery Manager : Master Data Finance

ABB Global Business Services India Pvt. Ltd.

07.2008 - Current

Handling a team of 20+ members as direct repartees for Finance Master data as current responsible along with 1 Team Lead. Managing the day-to-day operations and ensuring the flawless service delivery including performance management of my team. With the end-to-end view of the processes, I would assess the critical areas of the process and put in the required controls to ensure that there is a flawless service delivery.
Reporting Authority : MDG Operational Manager, FAO Bangalore
Process : Finance Master Data
Current Roles and Responsibilities under Finance Master data Governance Process from Feb 2022 till date
Managing entire Finance Master data governance (MDG-F) Tool which supports creation and maintenance of Group CoA, Cost center and Profit center master data
Centrally performing the pre and post data validation for the migration
Data Cleansing Prior to Migration for the objects CoA, Profit center and Cost centers
Managing the UAT and Sign off.
Designing the effective control over the MDG-F systems
Monitoring the interface error between MDG to Local ERP and CFIN system and fixing the same on regular basis
Continuous improvements and enhancement for effective usage of MDG-F Tool
Training to team and Update the SOPs on regular intervals.
CoA mapping and cleansing in line with CFIN standards for the co code under REMSC SAP.
Overall supervision of Fixed Asset process for BLR HUB.
Roles and Responsibilities handled in Fixed asset and Book Closing process from Jan 2012 to Feb 2022
Centrally Perform Asset Capitalization, Transfers, Retirements, and other operations for All the ABB group companies ~50 countries.
Preparing the design effectiveness of Controls in Fixed asset process and continuous improvement in the process
Perform – Depreciation on monthly basis and reconciliation of Fixed Asset Master with Financials
Processing monthly account reconciliations/journal entries
Preparation/Review of Capex report and reporting the same on Hyperion for 35 countries.
Fixed Asset master maintenance with necessary depreciation keys as per USGAAP at Chart of account Level and Local GAAP requirement in adherence to companies act.
Handling the Migration of Fixed Asset transaction (Merger, acquisition, Intercompany Transfer of assets)
Continuous improvement of Tools and other Portal for Capitalization and other activities relates to Fixed Asset Management.
Ensure timely and accurate monthly, quarterly and annual reporting of reporting package and associated disclosures.
Continues monitoring of capital work in progress, converting the same into Final asset and getting them into the bracket of depreciation.
Leading the team for Migration of Fixed asset and General accounting process during Merger of Company Codes within ABB group of companies
Onsite Transition of General Accounting and Fixed Asset process
KPI/PI and SLI reporting centrally for all the countries supported by GBS Bangalore
Performing the Month end Book Closure activities (FI, CO, MM, FA, Oracle)
Handling the General Accounting master data activities.
Set targets for the team and one to one session on their performance appraisal.
Responsible for handling escalations, RCA preparation and putting the right solution in place.
Responsible for reviewing Balance Sheet Reconciliations and submission of Control Summary
Other roles handled prior to the current position as General Account Senior Analyst : July 2008 to Jan 2012
Analyzing the present process and suggesting for improvements. JV workflow, automating the process of centralizing Postings.
Responsible for Financial closing activities for one division, consisting of 35 profit centers.
Posting of Journal Voucher entries of different Business Units after verifying the working and supporting provided and also the required approvals are as per CF instruction and Group A&R Guidelines.
Accounting of Advance consumed, Internal Supply credit period provision, Accounting of TDS/WCT certificates, Provision for Doubtful debts, Availment of CENVAT credit, Service Tax credit, VAT input credit.
Centralized posting of Provision entries for Travel (Domestic & Overseas), Warranty, Receivables (Normal LD, Retention) by getting confirmation with respective departments and BU's.
Centralized calculation and posting of interest on Net Operating Working Capital (NOWC) and Average Capital Employed (ACE) for all India level as per Accounting and Reporting Guidelines (A&RG) and Corporate Finance (CF) instruction.
Centralized posting of Forex-Reinstatement for AR, AP and GR every month end.
Providing MIS reports to Company Management Committee (CMC) meeting on Monthly basis
Preparing different types of reports on personal expenses and providing the analysis of expenses incurred and in comparison, with past data.
Ensuring the documentation for SOX requirement against the entries posted during the months.
Also Managed Entire Automated Process of Bank Reconciliation.
Accountable for:
Posting all bank debits and credits centrally, preparing Bank Reconciliation Statements before month end books closure for 80 bank accounts through automation/uploading bank statement to SAP and clearing process (Multi cash format in SAP ECC 6.00) and manual bank reconciliation.
Posting all payment to vendor and Clearing the vendor account centrally against payment through LC/ documents through banks.
Coordinating with branch offices across India for bank statements and accounting details.
Preparing and ensuring timely submission of the monthly report on BRS to the Treasury Dept.
Coordinating and answering the Statutory and Internal Audit queries against Bank Reconciliation.
Ensuring documentation in adherence to SOX requirements
Other roles handled include:
Bill Booking, issuing Foreign Currency and Accounting through Travel Management System (TMS) portal-based tool which facilitates employee travel (domestic and overseas)
Led cross-functional teams to enhance master data management processes, improving data accuracy and compliance.
Streamlined financial reporting processes, resulting in timely submissions and improved stakeholder satisfaction.
Developed and implemented data governance policies, mitigating risks and enhancing operational efficiency.
Mentored junior team members, fostering skill development and promoting a culture of continuous improvement.
Streamlined data governance processes, resulting in improved compliance and reduced data discrepancies.
Implemented automated systems for master data management, increasing operational efficiency and data accessibility.
Facilitated training sessions for staff on financial data best practices, enhancing team competency and performance.
Monitored and analyzed master data workflows, identifying bottlenecks and recommending process improvements.
Developed documentation for data management procedures, supporting compliance and operational continuity.
Managed relationships with key stakeholders to ensure smooth project deliveries and overall satisfaction.
Acted as a liaison between the delivery team and upper management, effectively communicating concerns and suggestions for improvements.
Managed resources effectively to avoid unnecessary delivery delays.
Supervised delivery staff and general productivity.
Implemented risk mitigation strategies to minimize potential disruptions caused by unforeseen events or issues.
Oversaw daily operations of the delivery team, ensuring timely completion of tasks and adherence to company policies.
Collaborated closely with other departments to ensure seamless integration of processes and systems, enhancing overall efficiency.
Enhanced team performance by providing regular feedback, coaching, and training opportunities.
Facilitated cross-functional meetings to address challenges, share best practices, and strategize plans for future growth.
Mentored junior team members to develop their skills and advance within the organization.
Fostered a culture of continuous improvement through employee engagement initiatives such as recognition programs and open forums.
Supported customers via telephone, email and at sites to handle escalations and product concerns.
Coordinated with cross-functional teams for streamlined project execution, resulting in timely deliveries.

Finance & Commercial Manager

VFM Systems & Services (P) Ltd.

06.1997 - 06.2008

Maintaining books of accounts and respective vouchers through data entry into accounting system and Ensured compliance with accounting deadlines.
Analysis of expenses and giving suggestion on cost control
Preparing cash flow statements
Undertaking bill booking of both local and overseas (import) and processing payment after deduction of TDS or WHT as per the statutory norms.
Generating Invoices and outstanding list of Debtors & Creditors and Arranging Dealers/Distributor meeting and reconciling the accounts.
Preparing salary register and salary disbursement through bank.
Finalizing Account Books, P&L and Balance Sheet.
Arranging and completing annual audit work and VAT audit.
Interacting with branch people & maintaining the entire branch accounts centrally.
Preparing Employer’s Provident Fund payment to government and filing the returns.
Filing e-TDS returns with NSDL Quarterly and Annually.
Calculating advance fringe benefit taxes on quarterly basis.
Submitting annual statements/ returns to income tax and registrar of company.
Preparing computation of income of employees for the financial year.
Issuing Form16A to suppliers/ contractors against tax deductions made during year.
Accountable for online submission or filing annual returns along with Balance sheet after the AGM to Registrar of Companies. Applying the DIN for the Directors.
Processing purchase and sale orders and interacting with Vendors which includes both local and foreign vendors.
Handling entire In-bond sale transactions by interacting with customs authorities and CHA for 100 % EOU Companies
Handling the entire logistic part for Import Transactions and import bill payments through bank.
Arranging the transit insurance against outstation supply and delivery
Collecting Form C against CST sales transaction on quarterly basis as per statutory requirement
Executing bank guarantees against customer purchase orders.
Performed general office duties and administrative tasks.
A Company which is engaged in “Solutions and System Integration” having large based customers like MICO, Robert Bosch, Philips, Accenture, GE Groups, HLL , IBM, Timken etc

Audit Assistant

Vittal & Ramachandra, Chartered Accountants

06.1995 - 06.1997

Auditing and verifying books of account of various industries including Private Limited Cos. as well as organizations in the Insurance, Hospitality and Banking sectors.
Managing Debtor and Creditor and Bank Reconciliation.
Handling the calculation of Tax for individuals and filing of respective IT returns.
Writing the Account Books and filing the related vouchers

Education

Master of Commerce (M.Com) -

Bangalore University

Bangalore

01-2007

Bachelor of Commerce (B.Com) - undefined

Mangalore University

01-1995

Skills

Finance/Accounts

Conceptualizing general ledger,financial reporting processes & on time compliance of accounting standards

Handling & executing operations entailing all accounting services and functions through supervising accounting sections

Establishing documented systems, policies, desk manuals and procedures in finance and accounts, establishing & implementing accounting controls and in adherence to the internal controls systems

Conceptualizing and implementing an MIS system capturing the health and progress of the organization both at a macro and micro level

Adept in designing and implementing systems/procedures to achieve financial discipline and enhance the overall efficiency of the organization

Automation of Process in General Accounting

Transition of General accounting and Fixed asset process for ABB Group of companies towards establishment of word class GBS Center in Bangalore

Taxation & Audit

Preparing tax plans and ensuring adherence to compliance calendar pertaining to all direct and indirect taxes

Providing information for Statutory and Internal Audit Queries

Compliance with SOX Audit and recording the relevant documentations

Skill Sets & Strengths:

Good team player and adaptable to different work environments

Persuasive communicator with well-developed presentation and negotiation skills Able to develop productive relationships with colleagues, customers and staff at all levels

Exceptionally well organized with a track record that demonstrates self-motivation, creativity, and initiative to achieve both personal and corporate goals

Motivating team and emphasize more on process improvements and eliminate non value added work

ERP Package SAP ECC 60, S/4HANA,SAP MDG

Operating System Windows 10

Packages MS Word, Excel, PowerPoint

Accounting Package Tally 72 (Multi-user)

Finance Master Data Governance

MDG-F Tool management

Snapshot

Team Lead -Finance with nearly 23 years of comprehensive skills & knowledge in:
Finance/ General Accounts
Fixed Asset Management
Taxation
Reporting
Accounts Receivable
Accounts Payable
Reconciliations
GA Master Data

Additional Qualifications

Diploma in Computer Application for six months from St. Joseph College, Bangalore in 1996.
Passed Junior Grade Typewriting.

Timeline