Shravana Kumara
SME Record to Report
Bangalore
Summary
Qualified MBA in Finance with over 9 years of specialized experience as an SME in Record to Report. Proficient in managing comprehensive financial processes including financial and global reporting utilizing HFM and FRT, General Ledger management, Revenue Recognition, Fixed Assets, Intercompany transactions, Lease accounting, and Investment accounting. Adept at implementing process automation and standardization, contributing to robust accounting policies that enhance operational efficiency and regulatory compliance.
Overview
9
9
years of professional experience
Work History
SME - Record to Report
The Adecco Group
01.2024 - Current
- Hands-on experience in successfully transitioning projects from North America to India, ensuring smooth processes, knowledge transfer, and operational efficiency.
- Profit and loss Statement analysis Monthly, quarterly and half yearly of Multiple line of Business using of Variance analysis, trend analysis.
- Detailed analysis of Profit & Loss (P&L) Actuals vs Budgeted and Forecasted.
- Accounting processes including accruals, reclassifications, and preparation of allocations across various lines of business.
- Performed detailed month-end analysis to ensure accurate allocation of OPEX and CapEX between the balance sheet and P&L, ensuring proper treatment of expenses.
- Managed the intercompany billback procedure, ensuring accurate cross-country payments and proper allocation of expenses between global entities.
- Responsible for managing and ensuring the accurate recording of various intercompany transactions, such as Sales, Purchases, Loans, Interest, Asset transfers, Equity, and Royalty payments.
- Key Balance sheet Reconciliations, Analysis and Balance sheet exposure for management.
- Experienced in using group consolidation packages such as HFM, FRT, and GRP for financial reporting and analysis. Responsible for loading both statistical and non-statistical data to ensure accurate consolidation and compliance.
- Lease and Sublease accounting, including the application of Lease classification, measurement, and recognition principles in accordance with ASC 842 and IFRS 16 standards.
- With expertise in managing the end-to-end fixed assets procedure, successfully overseen the responsibilities related to ASC 360, focusing on Property, Plant, and Equipment (PP&E).
- Capitalization of Capital Work in Progress (CWIP) in alignment with ASC 350, focusing on various software and IT development costs. By collaborating closely with the FP&A team.
- Foreign exchange transactions, applying ASC 830 and IAS 21 for reporting of currency fluctuations.
- Adecco, a Zurich-based Fortune 500 company which Provides Manpower Services.
Senior Finance Lead
JAA LLP
Bangalore
01.2017 - 01.2024
- Hands-on experience managing large clients, including U.S. subsidiaries, Amazon gift card sellers, Fintech, Edtech, and NBFC companies. Also experienced in leading a team of 5-6 members.
- Conducted end-to-end accounting reviews across various business units to ensure accuracy.
- Preparation of Financial Statements under Schedule III, MIS reporting and Ratio Analysis.
- Preparation of Budgeting and forecasting for various line of business.
- For cash reporting Preparation Cashflow Statements and Fund flow Statements.
- Preparation and Review of Complex the Journal entries.
- Strong expertise in finalizing and Recognizing Revenue across various lines of business, including handling monthly and yearly adjustments such as unbilled revenue, deferred revenue, and write-offs.
- Demonstrated strong experience in conducting comprehensive Profit and Loss (P&L) account analysis, utilizing various techniques such as variance and trend analysis to identify key financial insights. This analysis has been crucial for management reporting and effective financial planning.
- Working Experience on complex accounting treatments.
- Highly skilled in creating and implementing Accounting Polices and Standard Operating Procedures.
- Based in Bangalore, worked at one of India's Top 200 firms, providing management consultancy services to both onshore and domestic clients.
Education
ACCA - undefined
Association of Chartered Certified Accountants
07.2026
Master of Business Administration - Finance
Jain Deemed-to-be University
01.2024
Bachelor of Commerce - undefined
Mangalore University
01.2017
Skills
- Database and Reporting
- ERP
- Oracle
- Black line
- HFM
- JD Edwards
- Net Suite
- Quick Books
- Zoho
- Excel
- Power Query
- Power BI
- IFRS
- US GAAP
- I GAAP
- Budgeting and Forecasting
- Financial Analysis
Accomplishments
- Process Development and Automation
- Standard Operating Procedures
Projects
- Investment Accounting, Accounting for various financial instruments, including derivatives, options, hedge funds, stocks, and loans. The project involved applying IFRS 9 standards for 3 years of accounting.
- Fixed Assets, Played a key role in building the new Acquisitions, encompassing a variety of tangible and intangible assets. Assisted the organization in establishing the Fixed Assets Register, and developing relevant policies, as well as creating an end-to-end process roadmap for managing these assets. This project involved overseeing assets valued at 1.9 billion.
- Fintech Inward and Outward Payment Reconciliation, The transaction reconciliation including Lenders, Payment gateways, Banks, Merchants, Customers loans, and Books Dumps. It includes various reconciliation worth of Bank Payment 2.2 billion. Assuring commission revenue and discounts recognized as per agreement & Standards.
Timeline
SME - Record to Report
The Adecco Group
01.2024 - Current
Senior Finance Lead
JAA LLP
01.2017 - 01.2024
ACCA - undefined
Association of Chartered Certified Accountants
Master of Business Administration - Finance
Jain Deemed-to-be University
Bachelor of Commerce - undefined
Mangalore University