Rohit
New Delhi
Summary
Hardworking and motivated Finance manager with 11 years of experience and record of success in Accounts & Finance department. Solid history balancing team performance, customer service targets and business objectives.
Overview
11
11
years of professional experience
Work History
Finance Manager - PTP, OTC, T&E
IAC International Services Pvt. Ltd.
Gurugram
01.2020 - Current
- Responsible for day to day management of 28 FTE's covering the service line of PTP, OTC, T&E and Procurement Pricing.
- Drive regular reporting review with the stakeholders/counterparts.
- Ensure that creditor and debtor ledger is operated accurately and payments are made and received on time.
- Review, reconcile and prepare analysis for GL accounts related AP & AR.
- Handle monthly reconciliations and month end close process of AP and AR control account.
- Maintaining internal and external SOX audit requirements of the process/department.
- Lead the process improvement, transitions and build process docs and SOP's.
- Review AP aging, AR dso aging, open disputes, suspense A/c and guide team to resolve with best practices.
- Act as a point of escalation for complex, non-routine issues and problems
- Experience in a captive shared services environment ensuring KPIs and SLAs are adhered to.
- Continuous review and propose changes to existing SOPs, policies, and internal controls, while leading automation and transformation efforts with the Global Controller and CFO
- Collaborate with departments as Treasury, procurement, IT, Logistics to ensure timely completion of projects within the set timeframe.
- Directly involved in the employee interview, onboarding to appraisal.
- Train employees on additional job positions to maintain coverage of roles.
- Conduct regular meetings with staff to discuss progress and identify areas of improvement.
- Facilitated communication between Spanish-English speaking individuals.
Deputy Manager - Accounts Payable
General Motors Technical Center India
Banglore
04.2018 - 01.2020
- Played a key role in transitioning of the Accounts payable process from Latin American countries and successfully setting it up in Bangalore GBS center
- Provided strong leadership and mentorship to a team of 8 Accounts Payable Assistants.
- Manage/prepare reconciliation of vendor accounts with the compliance and works towards the resolutions of variances identified.
- Interact with Andean vendors and counterparts business units at the time of invoice disputes to help in resolving the issue.
- Live Spanish translation of word to work accounting terminology.
- Monitored and managed workflow to assure timely delivery of agreed SLA’s..
- Continuous Improvement: Identify opportunities for process improvement, standardization, and automation within the accounts payable function.
- Coordinate with procurement and receiving departments to ensure timely and accurate receipt of goods and services.
- Monitor cash flow and optimize payment scheduling to maximize cash discounts and minimize late payment penalties
- Reviewed & prepared accruals for the month end recordings.
Team Lead - Accounts Payable
Renault Nissan Technology & Business center India
Chennai
05.2016 - 03.2018
- Responsible for overall deliverables: Invoice processing for Spain region
- Work responsibly for Pay on time initiative
- Ensure that the month-end activities are carried out smoothly
- Prepare matrix and reports to present in leadership calls
- Effectively communicate with vendors and internal team about the changes in procedures, tools, and other items
- Ensure monthly accrual reports are prepared and delivered to the Costing department
- Analyze and interact with the Spain business units for the payment's issues & mismatch between GRN & invoice
- Preparation of customer ageing analysis to determine invoices which are overdue for payments
- MEC activities completion with agreed timelines
- Interact with suppliers on ongoing challenges and resolutions
- Update the Business unit on the plan for clearing the overdue payments.
- Investigated discrepancies between invoice amounts and purchase orders.
- Implemented new software solutions designed to streamline Accounts Payable processes.
- Processed payments to vendors via check or electronic transfer methods.
- Trained new staff in process's procedures.
Subject Matter Expert - Accounts Receivable
Accenture
Chennai
10.2015 - 04.2016
- Worked under cash application, Dispute management and collection team to ensure all possible efforts towards achieving cash targets.
- Responded promptly to customer inquiries regarding their payments via phone or email in English and Spanish.
- Posting of payment in SAP upon receiving the funds and remittance from customer.
- Manage to close the month end activities
- Clearing the unidentified cash in suspense account before month end close.
- Analyze and interact with the business units for the payment's issues & mismatch between remittance & deposit
- Document processing status reports to Team lead/ Assistant Manager and Spain Business Units.
- Generated overdue invoices notices and other correspondence as necessary to collect past due amounts or resolve discrepancies.
Process Associate - Accounts Receivable
Sun Life Financial
Gurgaon
08.2013 - 09.2015
- Reconciled customer accounts by confirming outstanding balances due.
- Prepared weekly reports summarizing total amount of funds collected from customers.
- Processed cash application against the remittance and funds received from he customer.
- Updated Cash Application procedures manual as required.
- Researched discrepancies between customers' payments and invoices.
- Assisted in preparing daily bank deposits of all incoming payments.
Education
MBA Finance -
Symbiosis University
05-2023
Bachelors in Economics Hons. -
Jamia Millia Islamia University
06-2013
Diploma in Spanish -
Jamia Millia Islamia University
07-2012
Certificate in Advance Excel -
Per Q
07-2010
Skills
- Transition - Hands on experience in transitioning of process
- Multilingual – Effective Spanish and English communication
- Aged Items - Proven skills in reduction of AP open aging and AR Collection
- Well versed with US GAAP and IFRS accounting
- SOX Audit and Internal controls
- Proficient in QAD, SAP, CSW, Concur, MS Apps
- Core roles- Well versed with dispute management, Collection, Vendor/Bank recon, Invoice/payment vouching
- Self-Development : Actively seeks new ways to grow and be challenged
- Action-Oriented : Takes on new opportunities and tough challenges with urgency and enthusiasm
Affiliations
- Project - Price variance analysis - 30% of invoices for 17 entities were vouched due to price variances and later causing imbalance at the variance GL, worked closely with Procurement and Supplier to match up the PO with invoice billing and reduced the variances to less than 3%.
- Project - Price Log Automation - A monthly activity that consumed 1728 hours per year (144 Hours in a month by 8 resources) now reduced to 384 in a year. Saving of 1344 Hours yearly.
- Project - Invoice without GRNI - Implement a process of manual tracking invoices awaiting receipts for 17 entities and extensively worked on reducing the balance started with 16 M in 2022 and by standing at 6 Million now.
- Implement - New Joiner Deck - Produced a new joiner training deck and successful implemented by having all the new joiners hitting the production with complete knowledge in 30 days.
- Live translation of Spanish to English and vice & versa. Well versed with Spanish accounting terminology.
Languages
Hindi
First Language
Spanish
Upper Intermediate (B2)
B2
English
Advanced (C1)
C1
Software
SAP
QAD
CSW
Timeline
Finance Manager - PTP, OTC, T&E
IAC International Services Pvt. Ltd.
01.2020 - Current
Deputy Manager - Accounts Payable
General Motors Technical Center India
04.2018 - 01.2020
Team Lead - Accounts Payable
Renault Nissan Technology & Business center India
05.2016 - 03.2018
Subject Matter Expert - Accounts Receivable
Accenture
10.2015 - 04.2016
Process Associate - Accounts Receivable
Sun Life Financial
08.2013 - 09.2015
MBA Finance -
Symbiosis University
Bachelors in Economics Hons. -
Jamia Millia Islamia University
Diploma in Spanish -
Jamia Millia Islamia University
Certificate in Advance Excel -
Per Q
Hobbies and Interests
- Photography is the recent source of my enjoyment, capturing landscapes is refreshing.
- Learning different languages is what I do in my leisure time.
- Travelling and exploring various places, mostly which comes with a bit of mystery.
- Writing poetries is one of the true assets of mine, successfully published a book call "SEHER: Life is poetry."
Personal Information
- Father's Name: Radhey Shyam
- Date of Birth: Apr/01/1992
- Marital Status: Married
- Address - A 203, AWHO Shanti Vihar Apartment, Sector 95, Gurugram, Haryana 122505
Hobbies and Interests
- Photography is the recent source of my enjoyment, capturing landscapes is refreshing.
- Learning different languages is what I do in my leisure time.
- Travelling and exploring various places, mostly which comes with a bit of mystery.
- Writing poetries is one of the true assets of mine, successfully published a book call "SEHER: Life is poetry."
Personal Information
- Father's Name: Radhey Shyam
- Date of Birth: Apr/01/1992
- Marital Status: Married
- Address - K 560, Street 5, Sangam vihar , P.O Saket, New Delhi 110062
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