Ranjith M
Bengaluru
Summary
Experienced in managing complex Commercial and Trade payables financial transactions, accounting and ensuring compliance with regulatory standards and ICFR (SOX variant). Demonstrated proficiency in financial variance analysis, forecasting and budgeting, consistently contributing to efficient business operations driving towards achieving strategic objectives. Expertise in streamlining processes, identifying cost-saving opportunities, and implementing strategic financial plans for growth and profitability maximization.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Team Lead– Financial Accounting
TESCO Bengaluru Pvt Ltd
11.2021 - Current
- Lead the team to drive financial accounting for TESCO operations in the Commercial area majorly focused in IFRS 15– Revenue recognition and other IFRS standards overseeing multiple entity's financial performance.
- Report business insights on variances over the budgets, forecasts and Weekly Flash items ensuring accurate reporting.
- Stand over the Oracle HFM - Hyperion financial management numbers for multiple entities and group consolidation for reporting margin for commercial operating activities.
- Lead as an end-to-end SME in ensuring controls in the process through analysis of various business financials and its impact in the organization leading to Identifying risk areas and mitigating the same through effective measures.
- Managed a team to complete transition of entire process of R2R of a subsidiary company
- Manage effective partnership with stakeholders, review results and monitor progress of the transition
- Drive effective controls in the process to deliver critical operations through regular review of risk management techniques and to assess better performance.
- Define process flow for an area covering all aspects of Risk during the transition phase.
- Drive regular checks through implementing factors for assessing Risk and Opportunities in the process and its impact to the financial performance of the company
- Define communication and conduct cross functional training programs across teams for better learning opportunities and backups that support organization.
- Lead the team to reconcile Balance sheet items impacting Trade payables and Trade receivables ensuring high accuracy standards and effective controls using ICFR – SOX variant.
- Ensure the team to regularly monitor systems and its efficiency that provides data to avoid failures leading to delay or stoppage of process
- Achievements:
- Awarded ‘SPOT Award’ for outstanding performance ensuring KPIs, process improvements and collaboration in 2022
- An active participant in Culture Connect - Collaborative Space, a colleague engagement NWT for teamwork and interaction with coworkers.
Senior Accounts Executive – Financial Accounting
TESCO Bengaluru Pvt Ltd
03.2020 - 11.2021
- Identify, evaluate, and report commercial sales and margins for retail businesses in the UK and other locations (using the concept of Revenue recognition in IFRS 15).
- Provide MIS report to Stakeholders on the performance of the business on monthly basis.
- Manage Trade payables accounting for Stock, Invoices and Cross border transactions at higher OTC model.
- Forecasting and Budgeting for all trade payables, including the bought ledger, Trade Receivables and calculating provision for past-due invoices
- Provide the working capital needed to better understand the business's cash flow and the impact of DCF.
- Account for cross-border freight, supplier agreements, promotions, and other earnings and costs, as well as charitable trust transactions involving the sale revenues.
- Include club cards and other discounts offered to customers and suppliers under the revenue model, as well as accruals and provisions for supplier costs such as returns, marketing, shelving, etc.
- Encourage process improvement that channels uniform methods of working across regions, to ensure Green KPIs.
- Engage with stakeholders to gain a thorough understanding of the business, its effects, and to get regular updates and market feedback.
- Achievements:
- Thank you awards and badges from internal stakeholders for the intense and active support on automation and transformation projects, Badges: “Achiever,” “Mentor,” “Collaborator,” and “Go Getter” badges.
- Selected for the “Finance Newsletter–Finance” Team Awards
Transaction Processing Specialist (Commercial Term Lending)
JP Morgan & Chase
01.2018 - 03.2020
- Overseeing escrowed and non-escrowed taxes for commercial real estate and multifamily loans
- Clear Paid off loans either by transferring the tax balance to the borrowers account or to transfer to refinanced loans on daily basis in the form of a report
- Delinquency letters forwarded in case of defaults and converting non-escrowed to escrowed loans, Forcing impounds on loans after multiple defaults
- Paying taxes directly to the vendor on a yearly/semi-annually/ tri annually/quarterly with the help of TAR (Tax Amount Reporting) basis within the internal SLAs
- Transformation project - Was part of the team for conversion from a tool-based application for tax database to a web-based application, where I input suggestions to overcome the complexity of the tool, which went online in 5 months.
- Conduct Time Study for each transaction under each sub process to improve the turnaround time and to save unnecessary intervals
- Payoff of Loan servicing:
- Generating Loan Payoff statements at the time of closing of a loan on Ad-hoc requests directly by the borrower or via Escrow companies as part of loan servicing
- Provide Current Loan Status statement as and when required by borrowers
- Calculating interests due on the loan as per the prescribed rates
- Prepayment penalty waivers provided in case of refinance loans or retention loans
- Provide relevant Loan documents (Promissory Note, Deed of Trust, Insurance letters etc…) as and when there is a request for payoff
- Achievements:
- Awarded Team of The Quarter for Q2 of2019 for exemplary performance of the team.
- Awarded Rookie in 2018 for Consistent Performance and Excellence at Commercial Banking
Accounts Executive (Stock Accounting)
TESCO BENGALURU Pvt Ltd
07.2016 - 01.2017
- Dealt Shrink issues with stores and warehouses regarding the missing deliveries, returns to store, Depots, and such other adjustments in Talisma & Zendesk.
- Deal with MST (Manual stock take) for audit purpose and account for variances.
- Prepare weekly report on all the adjustments and submit the overall number of credits for further accounting procedures
- Dealt with global issues affecting the enterprise's results
- Provide invoices of certain important deliveries which have impacted the stores or the warehouse by communicating with other respective teams
Education
Bachelor Of Commerce -
PES Degree College
Pre-University course (PUC) - undefined
Oxford PU College
Secondary School Leaving Certificate (SSLC) - undefined
Gnana Bodhini School
Skills
Budgeting & Forecasting
Variance Analysis
Projects & Transformation
Oracle Fusion, SAP Promenta
Risk Management
General Ledger Management
Collaborative
Process Efficiency Management
Excellent Interpersonal skills
Certification
- Financial Modelling Analysis
- Risk Management (in progress)
Disclaimer
I hereby declare that the above furnished information is true to the best of my knowledge and belief.
Timeline
Team Lead– Financial Accounting
TESCO Bengaluru Pvt Ltd
11.2021 - Current
Senior Accounts Executive – Financial Accounting
TESCO Bengaluru Pvt Ltd
03.2020 - 11.2021
Transaction Processing Specialist (Commercial Term Lending)
JP Morgan & Chase
01.2018 - 03.2020
Accounts Executive (Stock Accounting)
TESCO BENGALURU Pvt Ltd
07.2016 - 01.2017
Pre-University course (PUC) - undefined
Oxford PU College
Secondary School Leaving Certificate (SSLC) - undefined
Gnana Bodhini School
Bachelor Of Commerce -
PES Degree College
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