Saransh Raj
Pune,Maharashtra
Summary
Results-driven professional with extensive experience in leadership and strategic oversight. Adept at driving organizational success through effective team collaboration and dynamic problem-solving. Recognized for adaptability and keen focus on achieving objectives.
Overview
16
16
years of professional experience
Work History
Associate Director
UBS Business solution fka Credit Suisse
05.2020 - Current
- Led a team of six, overseeing daily bank reconciliations and managing open breaks in CTC, achieving a 98% accuracy rate.
- Spearheaded GL & Sub-Ledger, Bank, Tax, and Accounts Receivable reconciliations, enhancing financial accuracy by 25%.
- Directed the transition and transformation of finance and accounting processes, resulting in a 30% increase in operational efficiency.
- Implemented rigorous monthly reviews and sign-offs of balance sheet accounts in GLASS/BCS tools, ensuring compliance with GLAO policy.
- Conducted detailed assessments of monthly reconciliation breaks, improving sign-off accuracy by 90%.
- Managed weekly reviews of open items in Bank Reconciliation, Creditors, Debtors, and Inter-co accounts, reducing aged items by 75%.
- Ensured timely completion of month-end activities, facilitating smooth monthly closures in line with US/IFRS GAAP.
- Monitored aged items in AR accounts, enhancing collection efficiency by 70% through weekly functional team engagements.
- Oversaw daily unapplied/unidentified funds related to AR, liaising with payment teams to resolve issues swiftly.
- Reviewed and approved FX postings and journals, maintaining daily ledger integrity.
- Performed OET Sox control testing, ensuring adherence to Sox documentation and GLAO policy.
- Managed monthly WHT and GST reconciliations, ensuring timely and accurate tax payments and input credits.
- Successfully led two major process transitions from TCS and Cognizant, integrating them into Credit Suisse and UBS operations.
- Drove process improvements, internal controls, and automation initiatives, significantly enhancing process efficiencies and eliminating deficiencies.
- Supported audit requirements, providing comprehensive data to external and internal auditors.
Sr. Finance Executive
Tata Communications Ltd
06.2010 - 05.2020
- Supervised daily invoice processing, achieving a 95% on-time processing rate.
- Prepared cash outlooks and monthly forecasts for treasury, improving forecasting accuracy by 20%.
- Served as the first point of contact for client engagement and escalation management, enhancing client satisfaction by 15%.
- Conducted monthly reconciliations of various GL accounts, ensuring compliance with financial guidelines. Prepared schedules and checklists, performing variance analysis to reconcile data from GL, improving data accuracy by 10%.
- Analyzed and reported on open SRIR-GRIR items to top management, facilitating strategic decision-making.
- Conducted semi-annual vendor reconciliations, providing impact analysis of aged balances to top management, reducing aged balances by 15%.
- Prepared monthly provision reports during month-end, ensuring accurate financial reporting.
- Supported audit-related queries, resolving issues for internal, external, and Sox/MAG auditors.
- Managed monthly accruals of prepaid expenses through the accrual engine, streamlining amortization processes.
- Successfully led the PTP process transformation from SAP to SAP-VIM, enhancing process efficiency by 25%.
Accountant Executive
Mphasis Limited- An HP Company
05.2009 - 12.2009
- Coordinated and assisted in the invoice process, addressing queries from APAC region vendors using SAP, SUN Systems, and Citrix.
- Tracked and resolved vendor queries, enhancing vendor satisfaction by 10%.
- Conducted vendor account reconciliations, ensuring financial accuracy and compliance.
Education
MBA - Finance, E-Commerce
Indian Institute of E- Business Management
Pune India04.2009
B. Com - Commerce
Christian College Lucknow, Lucknow University
Lucknow, India05.2007
Skills
- SAP
- Oracle-PeopleSoft
- Oracle My Shop
- Clareti Transaction control
- SAP-VIM
- MS-Office
- MS Excel
- GL Accounting
- Leadership
- Process Improvement
- Internal Controls
- Audit Support
- Data Analysis
- Risk Management
- Regulatory Compliance
- Bank Reconciliation
Languages
English
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Timeline
Associate Director
UBS Business solution fka Credit Suisse
05.2020 - Current
Sr. Finance Executive
Tata Communications Ltd
06.2010 - 05.2020
Accountant Executive
Mphasis Limited- An HP Company
05.2009 - 12.2009
MBA - Finance, E-Commerce
Indian Institute of E- Business Management
B. Com - Commerce
Christian College Lucknow, Lucknow University
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