Shashank Solanki
Accounts Payable
New Delhi
Summary
Detail-oriented professional, skilled in handling diverse range of accounts payable functions with accuracy, efficiency, and sound judgment. Adept at organizing and prioritizing requirements to maintain tight deadlines and strict financial controls. Accustomed to delivering superior performance in autonomous or team-focused environments.
Overview
8
8
years of professional experience
4
4
years of post-secondary education
Work History
Professional
Fiserv India Pvt. Ltd.
10.2022 - Current
- Part of Accounts Payable for Germany, Poland and US.
- Successfully completed virtual transaction for Germany, Poland Process.
- Responsible for daily payment run for Germany and Poland using both ERP's Oracle R12 and SAP.
- Responsible for bank and vendor reconciliations.
- Handling new client enquiries and acting as the face of business.
- Monitoring & reporting on standards & performance targets.
- Arranging & chairing weekly team meetings, focusing on targets & achievements.
- Preparing daily workloads for staff & coordinating the daily allocation of work.
- Responsible for Mailbox and ensuring that the required action has been taken on every mail.
- Mentoring and training up juniors and new staff.
- Resolving the process related queries and maintaining the Update and Query tracker.
- Ensuring that all the process related activities are completed with 100% TAT accuracy.
- Ensuring that all the process queries are answered in written or verbally without any delay.
- Increased efficiency in accounts payable processing through automation tools and software integration.
- Supported month-end closing activities, ensuring accuracy in financial records and adherence to deadlines.
- Processed employee expense reimbursements, verifying accuracy of submitted documentation against company policies before approval.
- Enhanced vendor relationships through timely payments and clear communication channels.
- Processed invoices and journal entries with efficiency and accuracy, resulting in decreased discrepancies.
Senior Accounts Payable Associate
Clifford Chance India Pvt. Ltd.
7 2019 - 10.2022
- Review and process invoices for European region (Germany and Poland) and Australia along with providing the resolutions for the invoices and releasing the invoices for Payment
- Resolve all vendor queries and requests coming via e-mails / Tickets within the agreed SLA
- Follow up with requisitions (via calls/ mails or tickets) to solve hold invoice as per the AP guideline
- Adhere the internal compliance policy and guideline established by the management on their daily operational activities
- Manage the processing of share point / Emails urgent payment on a timely basis
- Tracking of advance payments so that we can release prepayment to the relevant month
- Charges expenses to accounts and cost centers by analyzing invoices, recording entries
- Verifies vendor accounts by reconciling monthly statements and related transactions
- Follow up with requester/approver for invoice approvals in the workflow system
- Reconcile and processing of statements of Amex and some other vendors
- Credit Allocation
- Monitor weekly pay run and record the manual cheque entries
- Dummy pay the invoices to clear the open items in Bank Recs
- Making & Update SOP to guide the new joiners about the process and giving training to the new joiners
- Solving queries of different department through emails
- Responsible for solving the open items of reconciliations
- Responsible to Maintain Accuracy levels as per SLA of the process as per Formal Audit
- Prepare and post Cost Recovery
- Various reports share with LO like: Accounts Payable Trail balance report, Posted Invoice register report, List of Third-party, Supplier Aging report, List of Expired check, Non- Preferred Hotel List Report
- Prepayment Status Report and release it on the relevant month.
- Reduced late payment penalties with diligent monitoring and prompt payments.
- Provided exceptional customer service to vendors, addressing inquiries and resolving disputes promptly.
- Coordinated with purchasing department to match purchase orders with received invoices for accurate payment processing.
- Reviewed employee expense reports for compliance with company policies before processing reimbursements.
- Collaborated with other departments to resolve invoicing issues and improve interdepartmental communication.
- Increased accuracy of expense coding, resulting in improved budget tracking and cost analysis.
- Developed training materials for new hires, facilitating smooth onboarding into the accounts payable department roles.
- Assisted in month-end closing procedures, ensuring accurate financial reporting.
Senior Associate
Accenture Solutions Pvt.Ltd
03.2016 - 07.2019
- Auditing and tagging errors of invoices Processed by Colleagues
- Prepare Daily reports on Audit and sending it to the client
- Sending reports to senior leadership and Clients before TAT to meet the SLAs
- Working for European Markets
- Investigation and follow-ups through Skype for immediate resolution to release critical invoices
- Internal adjustments of wrongly paid invoices into the system
- Obtaining Approval and Accounting coding for processing and payment of Non-PO invoice
- Return payment booking for any incorrect payment or clearing of vendors
- Maintaining tracker for all VAT and tax related payment
- Work distribution among the colleagues
- Manage vendor issue
- Resolve invoice discrepancies
- Reviewed and matched invoices
- Monitored payment status of accounts
- Working on SAP T-Codes - MIR7, FB60, ME23N, F-43, MIR4, MIR6, FB03, FBL1N, MR8M, FB08, FB60 and F-44 etc
- Regular client interactions
- Handling escalations
- Creation and updation of SOP
- Transition of new process.
Education
Bachelor of Commerce -
UNIVERSITY OF DELHI
New Delhi, India 05.2010 - 05.2014
Senior Secondary - undefined
CBSE
Secondary -
CBSE
Skills
SAP Application in financial module
Timeline
Professional
Fiserv India Pvt. Ltd.
10.2022 - Current
Senior Associate
Accenture Solutions Pvt.Ltd
03.2016 - 07.2019
Bachelor of Commerce -
UNIVERSITY OF DELHI
05.2010 - 05.2014
Senior Accounts Payable Associate
Clifford Chance India Pvt. Ltd.
7 2019 - 10.2022
Senior Secondary - undefined
CBSE
Secondary -
CBSE
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