Sainath Kasukela

• Responsible for managing a team involved in the preparation of timely, relevant and value added reports, variance analysis on entities, Month-end accruals and accounting and presenting this to Senior management local, regional and global.
• Responsible for managing monthly P&L and Balance sheet preparation, review and providing business reasoning for material breaks, Month-end close process including Accruals, Prepaid accounting and schedules.
• Responsible for understanding the drivers of the MoM or QoQ movements and validate the results through business, technology or SME confirmation during the Month-end close and Quarterly submission.
• Establish, maintain and enhance related operational procedures, ensuring key controls are in place for the process managed.
• Provided guidance, support and direction to subordinates in order to achieve organizational goals.
• Created and maintained a positive working environment through effective leadership practices.
• Created and implemented process improvement initiatives for the finance department.
• Monitored key balance sheet accounts like accounts receivable, prepaid, accrued expense aging and suspense account.
• Coordinated audits from external firms while providing requested information in a timely manner.
• Maintained regular performance appraisals for subordinates through verbal, written and on-going review programs.
• Provided guidance to departmental managers regarding accounting policies and procedures.
• Collaborated with other departments to improve processes related to financial data collection and analysis.
• Collaborating with seniors on a regular interval and stakeholder management.

• Managed Digital Banking – Corporate Portfolio with 7 team members, the team was setup as
  a new model for supporting the growing needs of the Corporate clients getting sourced through Digital medium.
• The position ensures HO & Local management MIS preparation & analysis to monitor & report on the
  department’s performance.
• Interacts with units on a daily basis for their business performance and information requirement.
• Reporting of location metrics like Logins, Approvals, Disbursal's, Rejection, Deviation on monthly basis.
• Responsible for setting targets, reviewing performance and provide feedback for improvement to the team.

Joined JP Morgan as part of Campus placement and fortunate to work across various verticals like CAO Central P&A, CCB Finance and Corporate Finance during the 7.8 years’ career span. Core responsibilities and functions supported includes:

• Preparation of Executive Management review reports / Flash reports for the business on a Weekly / Monthly basis: T&E Expense MIS & Vendor Expense MIS, Hierarchy Report, Headcount MIS providing detailed level information for the businesses and commentaries.
• Analyzing and investigating on major variance by liaising with multiple stakeholders.
• Responsible for Offshore Hierarchy / Local Cost centers template submission in SDM and update, maintain and handling of billing models for offshore business.
• Responsible for preparing Allocation Actuals billing volumes templates & loading in SAPCO for the Groups supported & further provide validation report once the volumes are loaded.
• Processing Vendor payments and setting up accounts.
• Active participation & involvement in Internal & External Audit.
• Key member in various project initiatives and ongoing projects, testing business application for BCP control.
• Updating operating procedure on a regular interval and training/mentoring new joiners on the process.