SIDDHARTH AANAND
Banking Administrator
New Delhi
Summary
An efficient Finance professional with diverse experience of more than 10 years in Banking Administration, Treasury Management, Accounts payable, Vendor management and Payments. I see challenges as an opportunity and believe in the combination of hard as well as smart work. I want to achieve perfection and optimum learning in a growing environment at what I do and ultimately achieve organizational objective with effectiveness.
Overview
11
11
years of professional experience
Work History
AP Accountant
WOOD PLC
07.2022 - Current
- Treasury and Banking Portal Access Coordinator and Administrator.
- Banking Administrator for Wells Fargo, Bank of America, JPMorgan Chase, and the Royal Bank of Canada.
- Open and close bank accounts for individual users, employee and business clients, as well as for the company’s legal entities.
- Administered user entitlements across multiple banking portals, ensuring appropriate access levels based on role, and compliance requirements.
- Conducted periodic reviews of user access rights to maintain compliance with internal controls and regulatory standards.
- Weekly, monthly, quarterly, and yearly banking statutory activities to support internal as well as external audit compliance.
- Assisted in fund transfers and inter-account settlements, reducing processing delays, and ensuring 100% compliance with internal controls.
- Maintained bank mandates and signatory records, reducing audit exceptions, and strengthening governance processes.
- Documented entitlement changes, and maintained audit trails for regulatory and internal audit purposes.
- Multiple trackers, maintenance, and banking shared mailbox handling.
- Improvement ideas, delivery, and standardization of the process.
- Wire, ACH, and manual payments.
- Processed domestic and international wire transfers, ensuring accuracy and timeliness.
- Managed ACH transactions, including payroll, vendor payments, and collections.
- Set up and maintained ACH templates to streamline recurring payments.
- Executed manual check payments and urgent disbursements outside automated systems.
- Verified supporting documentation before processing manual transactions.
- Coordinated with finance and treasury teams to ensure proper authorization.
- Maintained detailed records of manual payments for audit and reconciliation purposes.
- Verified beneficiary details and banking instructions to prevent errors and fraud.
- Coordinated with banks to resolve payment discrepancies and track fund settlements.
- Expense reports and invoice processing for Resilient Environment employees in the USA and Canada in Deltek.
- Azolve manual expense and expense correction.
- BST manual expense and invoice posting.
- Vendor creation and employee activation.
- Handling the US and Canada query mailbox.
- Handling payment hold activity for U.S. and Canada employees.
- Managing the exception tracker for U.S. and Canada SOPs.
Senior Accountant
Ease your Tax
02.2020 - 07.2022
- Invoice verification: Reviewed and validated invoices against purchase orders, contracts, and delivery receipts to ensure accuracy.
- Payment processing: Prepared and scheduled vendor payments in compliance with company policies and timelines.
- Discrepancy resolution: Investigated and resolved mismatches, errors, or disputes between invoices and purchase orders.
- Compliance adherence: Ensured invoices met tax regulations, internal controls, and audit requirements.
- Vendor selection and onboarding: Identified, evaluated, and onboarded vendors based on business needs, compliance, and cost-effectiveness.
- Performance monitoring: Tracked vendor KPIs, delivery timelines, and quality standards to ensure adherence to agreements.
- Risk management: Assessed vendor risks (financial, operational, compliance), and implemented mitigation strategies.
- Compliance oversight: Ensured vendors adhered to regulatory, legal, and company-specific compliance requirements.
- Relationship management: Built and maintained strong vendor relationships to foster collaboration and resolve conflicts.
Specialist Accounting
OSC Services Private Limited (Clifford Chance LLP)
04.2015 - 01.2017
- Managed end-to-end accounts payable processes, ensuring timely and accurate vendor payments.
- Conducted regular bank reconciliations to maintain financial accuracy, and resolve discrepancies promptly.
- Processed invoices and employee expense claims across diverse regions, including Hong Kong, Singapore, Thailand, China, Japan, Indonesia, and Spain.
- Ensured compliance with local tax regulations and corporate policies in each jurisdiction.
- Executed vendor payments on a timely basis, maintaining strong supplier relationships, and avoiding late-payment penalties.
- Monitored payment cycles and optimized cash flow to support treasury objectives.
- Handled client queries related to payments, invoices, and reconciliations with professionalism and efficiency.
- Provided clear communication and proactive solutions, enhancing client satisfaction.
- Negotiated with vendors to resolve billing disputes, and ensure smooth financial operations.
- Prepared and analyzed aging reports to monitor outstanding payables, and improve collection strategies.
- Uploaded and maintained exchange rates in financial systems to ensure accuracy in multi-currency transactions.
- Managed cost recovery processes, ensuring proper allocation of shared expenses across departments.
Education
MBA - Finance, Financial Management
BVM College of Management
Gwalior, MP01-2016
B. Com - Commerce
University of Delhi
New Delhi01-2013
10+2 - Commerce
D A V Public School
Patna01-2010
Skills
Treasury & Banking Portal Access Coordinator
Treasury Operations & Liquidity Management
Wire, ACH, and Manual Payment Processing
Vendor management
Bank reconciliation
Invoice processing
MS Excel, Oracle, Keystone, Read soft, SAP, Deltek, Azolve, BST, Microsoft Office
Prioritizing tasks effectively
Expense processing
Account reconciliations
Client interaction and relationship management
Accomplishments
- 11/2022 SPOT monthly award
- 06/2019 Employee of the quarter award
- 07/2018 Best Initiative award
- 04/2015 Awarded as star of the month
- 08/2015 Pat on the back for the month of September
- SOP review for Hong Kong, Singapore, and Indonesia AP
- Shared AIM idea which reduces 117 hrs. for process affecting 36 offices of Clifford Chance.
- More than 40 online training courses from Clifford Chance Academy.
Interests
Travelling, Playing Cricket
STRENGTHS
- Perseverance.
- Strong problem-solving skills and creative thinking.
- Self-starter as well as dependable team player.
Timeline
AP Accountant
WOOD PLC
07.2022 - Current
Senior Accountant
Ease your Tax
02.2020 - 07.2022
Specialist Accounting
OSC Services Private Limited (Clifford Chance LLP)
04.2015 - 01.2017
B. Com - Commerce
University of Delhi
10+2 - Commerce
D A V Public School
MBA - Finance, Financial Management
BVM College of Management