SHANKAR RAMESH L
Bengaluru
Summary
Successfully led & managed cross-functional teams while giving the team sound guidance and training to help them develop their skills. Ensured achievement of KPIs & SLA targets and planned areas of improvements for operational excellence. Proven success in revamping and strengthening controls, simplifying and improvising to achieve maximize efficiency. Expertise in establishing, transitioning, streamlining, and transforming processes, SOPs, and workflows. Adhering compliance to International Accounting Standards including US GAAP & IFRS across LATAM & NA regions. Expertise in aligning financial activities with organizational goals to foster business growth. Proven acumen in successful completion of project implementation within timelines and budget. Rich experience in BPO and Shared Service setups.
Overview
12
12
years of professional experience
Work History
Corporate Finance Reporting Specialist
Cargill Business Services
12.2015
- Preparing and analyzing month, quarter & year-end financial reports, accounts reconciliation, reporting foreign exchange exposure
- Preparing period-end close invoices for intercompany; maintaining internal controls including timely & accurate reporting of accounts
- Steering functions including income & expense data, bank reconciliation, balance sheet preparation, financial consolidation (Cartesis) packages, computation of income tax, and preparation of yearly audit requirements
- Providing reasons for variances and presenting financial statements to CRP owners for final sign-off
- Preparing quarterly HUB schedules for multiple reporting units and reporting functional costs via Cartesis packages for Canadian Reporting Units
- Reconciling payroll transactions interfaced from ADP against SAP to secure payment traceability.
Team Manager - PTP
Cargill Business Services
12.2015 - 05.2020
- Directed a team of 20 people and steered their annual performance reviews
- Contributed towards looking after VMS (dashboards) for productivity, efficiency deliverables, ongoing projects, daily TAT, and volume analysis
- Ensured preparation of monthly / weekly decks and took care of weekly presentations on team’s performance in governance calls
- Supervised the conversion of Wire to ACH payment method of 1000+ vendors which resulted in cost saving applied expertise in team leadership to address productivity and performance issues, motivating staff to achieve KPIs
- Worked on Lean tools - Value Streamline Mapping (elimination of redundant activities) & Failure Mode Effect Analysis (FMEA) (reduces and mitigate risks)
- Engaged in analyzing POT (Paid on Time) report to identify the reasons for early and late payment in-order to fix issues
- Developed process maps through MS Visio for process documentation/ SOP’s
- Worked on strengthening the process and ensuring compliance with internal and external audit controls
- Clearance of Vendor in Debit balance invoices.
Team Lead (Procure to Pay)
Hewlett Packard
07.2008 - 12.2015
- Supervised a team of 15 across Invoice Processing, Payments, and Banking
- Monitored staff performance levels, implementing necessary changes to improve productivity
- Conducted trainings for team development to improve productivity & efficiency, product knowledge and core ethical values
- Managed key activities KPI reporting, tax and utility payments, fund forecasting, GR/IR reconciliation, open AP review, debit balance report, audit handling, exceptions report
- Reviewed open purchase orders for accuracy and completeness of vendor information
- Reviewed large dollar transactions to avoid any fraudulent payments
- Supported functional groups' internal (SOX) and external audit readiness initiatives
- Managed month-end activities: accruals, reconciliations (Bank, GR/IR, vendor, cash-pool), AP module & Trial Balance review.
Education
US Certified Management Accountant -
IMA
B.Com. - undefined
SSMRV Degree College
Skills
Corporate Finance Reporting & Analysis
Notableaccomplishments
- Cargill Business Services: Led successful conversion of vendor payments from Check to ACH, resulting in savings of $2.0 mn.
- Annually, reduction of 3 full-time equivalents (FTEs).
- Implemented Supply Chain Finance, increasing its payment performance from 80% to 86% and its net working capital.
- Led 4 transitions and 8+ migrations from Legacy systems to SAP.
- Essayed a stellar role in standardization of rejections and returns process. Identified and placed controls considering FMEA process in the payments processing team.
- Standardization of Unclaimed property process for Canada and US.
- Deployment of Business enterprise to SAP. (AP – End to End).
- Successful monitoring and completion of Internal and External audits.
Locations
Bengaluru, Karnataka
Personal Information
- Date of Birth: 10/16/87
- Visa Status: Active US visa (B1 & B2)
Timeline
Corporate Finance Reporting Specialist
Cargill Business Services
12.2015
Team Manager - PTP
Cargill Business Services
12.2015 - 05.2020
Team Lead (Procure to Pay)
Hewlett Packard
07.2008 - 12.2015
US Certified Management Accountant -
IMA
B.Com. - undefined
SSMRV Degree College
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