Shailesh Jyotishi
Faridabad
Summary
Finance professional with 22 years of experience in finance and accounting outsourcing, including over 6 years in leadership roles managing multi-geographic delivery teams. Oversaw end-to-end finance and accounting processes across various domains, currently managing a portfolio generating $25 million in revenue and leading over 100 full-time employees. Achieved over 30% productivity improvement in the last 4 years and secured new business equivalent to 20 full-time employees. Proficient in Oracle, SAP HANA, and Blackline, implementing innovative solutions that enhanced reconciliation workflows and operational efficiency.
Overview
28
28
years of professional experience
Work History
Assistant Vice President
Genpact
Noida
06.2021 - Current
- Led team of over 100 FTEs in R2R month-end closing and reporting, encompassing reconciliations, journal processing, intercompany transactions, fixed assets, and cash flow preparation.
- Managed R2R processes across LATAM, North America, EMEA, and APAC while addressing operational challenges across time zones.
- Automated journal entry processes, creating touchless solutions for post-only and standard journals using Bot technology.
- Utilized Unsung Bot to download ERP data and perform automated matching in reconciliations.
- Implemented Blackline matching and task modules for efficient tracking of activities.
- Streamlined intercompany cross-charge processes with Salesforce tool, improving payment and settlement workflows.
- Developed harmonized activity tracker for MEC and reconciliations in Power BI, providing clear visibility into performance metrics.
- Facilitated training sessions to improve team skills and knowledge in core functions, supporting overall operational effectiveness.
- Facilitated audit queries, preparing comprehensive management action plans and governance decks based on performance metrics.
Sr. Manager Operation (F&A)
EXL Services
Noida
12.2015 - 05.2021
- Establishing and enforcing proper accounting methods, SOPs, Policies and Principles for record to report team.
- Ensured the Monthly and Quarterly compliance activities are performed in a timely and accurate manner.
- Managed yearly audit process to ensure timely and clean year-end audit outcomes.
- Review of monthly P&L for the account and update the senior management about revenue leakage, deviation from budget vs actual.
- Managing the effective utilization of funds across all the towers.
- Consolidation and review of Monthly business dashboard across all the towers and presenting the same to senior management for Monthly Governance call.
- Implementation of Blackline Matching Module in approx. 250 Bank Reconciliations.
- Taken ownership of defining and preparing performance matrix on Reconciliation and journals (CSL and KM).
- Transformed and implemented Functional alignment model in R2R Process for reconciliation, JE processing, fixed asset and Banking teams.
- Led implementation of Win Automation and Snipping tool transition, reducing manual effort in reconciliation preparation.
- Prepared Metric revision document for R2R team so that new Key Matrices that have been implemented in R2R process. These new Key metrics helped in governance of reconciliation and JE quality.
- Proposed retention method that enabled management to achieve annual savings of 50 lakhs.
- Implemented: Reconciliation control file, Standardization of backup’s tracker, Open item analysis tracker, and Addition of T accounts information and recon information file in each reconciliation. Drafted reconciliation policy document, Blackline decertified rec document.
- Recommended using the correct Blackline template for reconciliations.
Manager Operation
IBM India
10.2012 - 12.2015
- Transitioned R2R process, overseeing end-to-end client and operations management on a daily basis.
- Created new processes and assessed transformation opportunities, ensuring all stakeholders signed off on the evaluations.
- Ensured all operational activities and milestones on new transitions were accomplished by agreed timelines.
- Acted as a Subject Matter Expert (SME) in Finance & Accounting while designing client solutions and process re-engineering exercises. Strong knowledge of financial control process, all journals’ entries Accruals, prepayment, amortization, reallocation, charge offs, adjustment entries, etc.
- Resolved complex reconciliation issues and open item resolution.
- Managed staffing requirement to meet operational needs and have exposure in performance management evaluation for employees, promotion process.
- Evaluated subordinates’ performance and made recommendations for pay increases, promotions, movement and terminations, etc.
- Implemented new tools, Jira and Blackline, facilitating their adoption across multiple geographies (China, UK, Australia).
Assistant Manager
Barclays Shared Services
09.2009 - 09.2012
- Reviewed balance sheet reconciliations and P&L variance analysis prepared by team, providing sign-off prior to client review.
- Reviewed journals encompassing mortgage and securitization processes, including mortgage holder payment records, daily wire payments, cash flow accounting, revaluation of asset-backed covered bonds, interest payments to treasury, and reconciliations of balance sheet items.
- Transitioned Complex securitization and Swap process for Retail banking without proper training which was recognized and appreciated by customer.
- Review of QA pack for journals and Reconciliations done by whole retail business which is shared to different SBU stakeholders.
- Prepared journal trending and variance analysis tracker for UKRB, enabling client and BFSS to identify reasons for variances.
- Facilitated the completion of the annual SOX and statutory audits to maintain compliance.
- Journal posting in all 5 business tracks (Barclays financial planning, Grace church Mortgage funding (securitization process), Current account and Saving track, Barclays business banking, Retail banking) of retails and commercial business.
Associate Billing and O2C Expert
Sapient Corporation
05.2006 - 08.2009
- Resolved billing issues for Federal Bank by retrieving and rebilling invoices from the past 8 years.
- Reviewed revenue model to ensure completion of key fields, prepared monthly revenue accrual calculations and revenue sheets for various business units.
- Preparation of PO and AP Accruals every month and posting the entries for the same.
- Bank Reconciliations and posting the bank entries in GL and passing the same through and sub ledgers (AR and AP) in next month.
- Reconciliations of Balance Sheet Accounts and variance analysis \ Flux analysis of profit and loss accounts.
- Compiled fixed asset register in Excel, including additions, depreciation, and retirements, processed entries in FA Module of Oracle 11i, and reconciled Fixed Asset module with general ledger.
- Pulling of expense invoices form Accounts payable and their distribution and preparation of report of expense invoices to be raised by team.
- Supported the controller in preparing the management pack and cash flow statement for quarterly submission to head office.
- Worked on reversal of sales invoices and established the process of Credit memos.
Process Associate
GENPACT
03.2005 - 05.2006
- Executed reconciliation of Aircraft & Tech Finance, handling more than 1200 opportunities across portfolio and non-portfolio accounts, including on-book and off-book securitization reconciliations.
- Recorded monthly journal entries for Tech Finance (CIT), covering VIC-COS accruals, portfolio service income, software amortization, and earn-out incentive accruals.
- Entered open items and ad hoc entries, such as FAS 91 and balance transfer entries.
- Performed quarterly SEC reporting on a required basis, covering AFL, leverage lease, OTR, AP, CONMAT (loans & leases), OTA, and goodwill/intangibles.
Accountant
G.D Mishra & Co.
01.2001 - 12.2003
- Maintained books of accounts, filed tax documents and company reports.
- Preparing journal entry vouchers and passing entries in tally.
- Audited various manufacturing and IT industries.
- Conducted inventory audits across multiple clothing stores.
Article Clerk
S Ramanand Aiyar
01.1998 - 12.2001
- Executed audits for manufacturing and IT industries, ensuring compliance with regulations.
- Prepared journal entry vouchers and recorded transactions in Tally, maintaining accurate financial records.
- Handled bookkeeping, completed tax filings, and organized company report submissions.
- Conducted stock takings for cloth stores, verifying inventory levels and supporting accurate financial reporting.
Education
MBA - Finance
ICFAI
01.2015
B.com. -
Sambalpur Univ.
01.1998
12th - Science
Kendriya Vidyalaya
01.1995
10th -
Kendriya Vidyalaya
01.1993
Skills
- Financial reporting
- BlackLine reconciliation
- Journal processing
- Process automation
- Data visualization
- Oracle and SAP HANA
- Salesforce and Power BI
Languages
- Hindi
- English
- Hindi
Hobbies and Interests
- Playing Chess
- Driving
Visa
USA, 12/31/27
Personal Information
- Passport Number: Z4376349
- Date of Birth: 04/27/77
- Gender: Male
- Nationality: Indian
Timeline
Assistant Vice President
Genpact
06.2021 - Current
Sr. Manager Operation (F&A)
EXL Services
12.2015 - 05.2021
Manager Operation
IBM India
10.2012 - 12.2015
Assistant Manager
Barclays Shared Services
09.2009 - 09.2012
Associate Billing and O2C Expert
Sapient Corporation
05.2006 - 08.2009
Process Associate
GENPACT
03.2005 - 05.2006
Accountant
G.D Mishra & Co.
01.2001 - 12.2003
Article Clerk
S Ramanand Aiyar
01.1998 - 12.2001
MBA - Finance
ICFAI
B.com. -
Sambalpur Univ.
12th - Science
Kendriya Vidyalaya
10th -
Kendriya Vidyalaya