SAURABH KUMAR
New Delhi
Summary
Strategic Financial Advisor specialising in Record-to-Report (R2R) processes. Delivered month-end governance and complex variance analysis, ensuring financial integrity across global operations. Streamlined financial processes to drive cost efficiencies and enhance operational effectiveness. Expertise in stakeholder collaboration, data analysis, and report creation.
Overview
2
2
Languages
12
12
years of professional experience
Work History
Financial Advisor
Rio Tinto India
Gurugram
10.2024 - Current
- Result-driven Financial Advisor specializing in the Record-to-Report (R2R) domain at Rio Tinto. Trusted partner to business units, ensuring financial integrity through robust month-end governance, complex variance analysis, and internal controls (SOX). Adept at streamlining financial processes and delivering actionable insights to drive cost efficiencies across global operations.
- Lead and orchestrate the end-to-end month-end, quarter-end, and year-end financial close processes for assigned Rio Tinto business units, ensuring zero ledger defects.
- Manage journal entries, accruals, and balance sheet reconciliations, investigating and resolving high-value ageing items to mitigate financial risk.
- Review and validate fixed asset accounting, depreciation schedules, and capital expenditure (CapEx) tracking across heavy-industry assets.
- Conducted financial analysis to support business partnership decisions and strategies, enhancing operational effectiveness.
- Delivered financial reporting and variance analysis (Actuals vs. Budget/Forecast) to operational leadership, identifying key cost drivers in logistics and extraction.
- Present monthly financial performance packs to senior management, providing early warnings on budget overruns.
- Monitored compliance with internal controls and financial regulations to safeguard financial integrity.
- Ensure strict compliance with IFRS (International Financial Reporting Standards) and Rio Tinto's internal financial policies.
- Design and execute SOX (Sarbanes-Oxley) controls across the R2R lifecycle, coordinating seamlessly with internal and external auditors to ensure clean audit opinions.
- Implemented process improvements to enhance efficiency within the R2R framework.
- Drove continuous improvement initiatives within R2R framework, leveraging ERP systems (SAP/Oracle) to automate journal postings and reduce manual effort.
- Collaborated on global standardisation projects to align regional accounting practices with Rio Tinto's global business services (GBS) blueprint.
- Identified and corrected a $1.2M variance in fixed asset capitalization, preventing a material misstatement in quarterly reporting.
Business Analyst
Accenture
Gurugram
01.2022 - 10.2024
- As a Business Analyst at Accenture in India, I have gained extensive experience in analyzing business processes and identifying areas for improvement. I have worked closely with cross-functional teams to develop and implement solutions that drive efficiency and enhance overall performance. With a strong understanding of industry trends and best practices, I have consistently delivered successful outcomes for clients.
- Collaborated with cross-functional teams to design and implement tailored solutions addressing specific business challenges.
- Formulated strategic recommendations that improved process efficiency and effectiveness across operations.
- Utilized data analytics to identify key insights.
- Monitored project timelines and deliverables to ensure all deadlines were achieved.
- Conducted training sessions for team members on the implementation of new systems and processes.
- Developed work breakdown structures by analyzing information from the CAR form.
- Monitored and prepared CIP/AUC file, ensuring timely follow-ups with PMs to facilitate project completion.
- Preparation of FXA packages which include all the data needed for the capitalisation of the projects lying in AUC in respect of the CAPEX allocated via CAR forms.
- Reclassified expense items to profit and loss accounts when not related to capital expenditures.
- Creation of assets for capitalization and performing the Depreciation run monthly.
- Preparing Fixed Assets Accounts Reconciliations and getting them finalised within timelines.
- Created schedules and roll forwards while updating the flow of activities within the HFM system.
- Prepared and posted journal entries using the established journal template for financial documentation.
- Successfully completed the transition of the Process which includes the preparation of DTP (Desktop Procedure) and clearing the Gate level tests to Go Live.
- Executed new tasks related to statutory assets for multiple countries, ensuring compliance and effective management.
Process Developer
Genpact
Gurugram
06.2018 - 01.2022
- Designed and implemented processes that increased productivity and reduced costs by collaborating with cross-functional teams to identify improvement areas, streamline operations, conduct regular audits, and provide training for adherence.
- Streamlined operations by identifying inefficiencies and implementing solutions that improved workflow.
- Developed and executed projects for pre-car and post-car phases to support operational efficiency.
- Conducted regular audits to ensure compliance with financial regulations and internal controls.
- Prepared reports for capital improvement projects.
- Prepared project reconciliation reports to ensure alignment of financial records.
- Prepared and finalised fixed asset account reconciliations within established deadlines.
- Executed capitalization processes for asset management.
- Executed fixed asset roll-forward processes to maintain accurate asset records.
- Facilitated asset retirement and transfer processes to ensure compliance and accuracy in asset management.
- Preparing and Posting Various Reclass and Accrual Journal Entries.
- Updated budget documents to reflect current financial status.
- Updated project statuses to reflect current progress and changes.
- Prepared monthly flux variance analysis for balance sheet and P&L accounts along with fixed asset reports.
- Performed Capital Improvement Plan reconciliations to align financial projections with actual expenditures.
- Conducted general ledger reconciliations for financial accuracy.
- Reporting of Capex, Capitalisation, Depreciation / Amortisation, Retirement, and other Account Reclasses in Hyperion Financial Management (HFM).
- Preparation of Month End Schedules.
- Preparing Quarterly Schedules and Other Reports.
- Led a team of three full-time employees in achieving departmental goals and objectives.
- Training and Knowledge Transfer to new Joiners.
- Preparing Assessment for new Joiners.
- Conducting Training Sessions and Preparing Process Knowledge Test.
- Coordinated advance leave planning for team members to ensure adequate coverage.
- Managed access requests for new joiners to ensure they have necessary resources.
- Updated and signed off on Standard Operating Procedures every six months to ensure compliance.
- Feedback and Inputs during Incentives, Rewards and Recognition and Annual Appraisal.
- Leading weekly calls with clients.
- Did not get a chance to visit onshore but handled offshore activities in coordination with the Manager.
- Prepared schedules and roll-forwards to update activity flows in Hyperion Financial Management.
- Prepared and posted journal entries using standard journal templates for financial accuracy.
- Completed transition of the process, preparing desktop procedures and clearing gate level tests for go-live.
- Successfully completed the new Task of Statutory Assets for different countries across.
- Successfully completed the new Task of Statutory Assets for different countries across.
Account Executive
Mohd Fahim Company Law Advocate
Kanpur
05.2014 - 06.2018
- Managed client accounts, fostering strong relationships that improved client satisfaction and retention rates.
- Developed and implemented targeted strategies that increased client acquisition and expanded the client base.
- Conducted market analysis to identify and target potential clients, resulting in enhanced client acquisition efforts.
- Coordinated with attorneys for effective client representation.
- Assisted in drafting legal documents and contracts.
- Conducted research and prepared case briefs.
- As an Account Executive at Mohd Fahim Company Law Advocate in India from May 2014 to June 2018, I had the opportunity to work with a diverse portfolio of clients and gain valuable experience in the Leather industry. Managed client accounts, conducted legal research, and coordinated with attorneys to provide effective solutions for clients.
- Prepared invoices for client transactions to ensure timely billing and payment.
- Compiled sales reports to track revenue and performance.
- Recorded daily sales transactions in cash and credit to maintain accurate financial records.
- Processed purchase returns by issuing debit notes and adjusting credit notes for accuracy.
- Managed all expenses and bank interest charges.
- Deposited TDS every month for advertising purchases.
- Processed payments to vendors on their due dates.
- Compiled monthly VAT reports for tax compliance.
- Performed bank reconciliations to ensure accuracy of financial records.
- Performing Reconciliation of vendors & banks accounts as well.
- Generated cash and cheque receipts and payment vouchers in Tally for accurate financial tracking.
- Posted stock transfers using Tally software to maintain accurate inventory records.
- Prepared various journal entries in accounting records to accurately reflect business transactions.
- Calculated and prepared incentive reports for employee performance recognition.
- Corrected duplicate invoices to maintain accurate financial documentation.
- Generate FORM 38 & FORM C to the vendors at the time of purchasing goods from them.
- Processed invoices promptly upon purchasing goods to maintain accurate financial records.
- Adjusted discount according to the agreement of margins.
- Performing E-return filing on the last date of every month.
Education
Bachelor of Commerce -
Christ Church College
Kanpur, India06-2011
Intermediate -
Guru har rai Academy
Kanpur, India06-2008
Master of Commerce -
Christ Church College
Kanpur, India05-2013
High School Diploma -
St Mary Orthodox School
Kanpur, India05-2006
Master of Business Administration (MBA) -
Intellectual Institute of management and Technology
New Delhi, India04-2019
Skills
- Financial Reporting
- IFRS compliance
- Variance analysis
- Month-end close
- Fixed asset accounting
- Internal controls
- Process improvement
- Process optimization
- Microsoft Excel
- Problem Solving
- Presentation skills
- Problem solving
- Communication
Languages
Hindi
English
Custom
- Gurugram, Gurugram, Haryana, 122018, India
- Kanpur, Kanpur, Uttar Pradesh, 208001, India
Interests
- Bike Riding
- Playing Cricket
- Listening Songs
Timeline
Financial Advisor
Rio Tinto India
10.2024 - Current
Business Analyst
Accenture
01.2022 - 10.2024
Process Developer
Genpact
06.2018 - 01.2022
Account Executive
Mohd Fahim Company Law Advocate
05.2014 - 06.2018
Bachelor of Commerce -
Christ Church College
Intermediate -
Guru har rai Academy
Master of Commerce -
Christ Church College
High School Diploma -
St Mary Orthodox School
Master of Business Administration (MBA) -
Intellectual Institute of management and Technology