Sonali Bade
Hyderabad
Summary
An articulate, meticulous, and competent finance and accounting professional offering 13 years of experience in handling accounts payable and receivable processes for international operations. Expertise includes processing payroll, managing budgets, preparing reports, conducting audits, managing journals, handling expenditures, and payments. Diligently maintains up-to-date training on tax regulations and legal issues impacting financial operations. Experienced in regulatory compliance with US GAAP, Indian GAAP, and adept at navigating transitions across diverse sectors. Seeking career advancement with an esteemed organization to leverage my expertise in accounting and finance process implementation.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Manager Finance
KFinTech
Hyderabad
09.2024 - Current
- Prepare and create the vendor master in SAP for financial transaction input as per the invoice, signed SOW, and SLA.
- Review, manage, and create supplier and employee reimbursement expenses in SAP.
- Coordinate and respond to vendor queries and payment discrepancies within a 3-day SLA.
- Prepare weekly vendor payments, and run payments.
- Prepare reconciliation on monthly basis.
- Circulate the monthly report comparing actual vs. budget expenses.
- Circulate the GRM-wise outstanding on a monthly basis.
- SLA tracking verification.
Manager Finance and Accounts
CleverTap Private Limited
Mumbai
03.2018 - 04.2024
- Improved existing AP processes with a focus on efficiency.
- Supported the month-end reporting, budgeting, forecasting and long-range planning.
- Spearheaded 3-member Accounts payable team, overseeing day-to-day financial activities of CleverTap with focus on quality and SLA parameters, ensuring optimal performance and efficiency.
- Responsible for W9 and 1099 compliance as per IRS (US GAAP).
- Focused on day-to-day operational aspects of Accounts Payable process, including rigorous scrutiny of trial balances, balance sheet reconciliation, and bank, credit card reconciliations.
- Participated in vendor, customer and stakeholder calls, diligently evaluating daily, weekly, and monthly reports to facilitated management.
- Strategically optimized resource utilization, streamlined global vendor operations across APAC, NAM, META, and India regions to enhance profitability and operational efficiency across these diverse regions.
- Responsible for overseas supplier foreign outward remittances.
- Introduced and implemented Oracle Netsuite vendor payment automation initiatives in financial processes, effectively reducing operational costs and time by integrating technological solutions, enhancing accuracy, and achieved 80% increase in efficiency.
- Optimized and streamlined Record to Report (R2R) procedures, ensuring meticulous handling of financial data, timely reporting, and compliance with regulatory standards.
- Prepared budget vs actual performance reports, meticulously determining annual budget objectives to align with organizational goals.
- Proficiently managed expenses amortisation working, fixed assets registers, lease accounting, and month-end journal entries.
- Performed audit work in accordance with rigorous auditing standards and principles. Prepared monthly global cash burn analysis, tracked expenses across region in accordance with budget vs actual variance, monitored cash inflow and outflow, identifying areas of expenditure, and providing valuable insights for financial decision-making.
- Responsible for fixed assets register, and executing month-end journal entries, ensuring adherence to corporate governance policies, SOX Compliance, IRS, IFRS, GST, TDS and other relevant regulations across different regions.
- Performed ad-hoc and project analysis as required.
Senior Finance Associate
Mishra Construction
Bhopal
12.2016 - 02.2018
- Lead SAP module implementation, reducing product costing errors by 35% and optimizing cost tracking.
- Designed efficient Accounts Payable and Accounts Receivable processes for seamless financial transactions.
- Ensured financial accuracy through vigilant monitoring and weekly trial balance scrutiny.
- Performed Budget vs Actual variance analysis for construction project sites, offered insights into cost performance and aiding decision-making.
- Managed tax compliance, navigated evolving regulations for financial integrity.
- Expertly handled GST and TDS compliance, filing accurate returns within timelines.
- Presented detailed status reports for informed decision-making to senior management.
- Maintained adherence to labor regulations and upheld punctual regulatory filings.
Senior Finance Executive
The Sanskaar Valley School
Bhopal
04.2011 - 11.2016
- Meticulously managed deferred and accrued revenue to ensure accurate recognition, maintaining financial integrity.
- Prepared comprehensive budget vs actual variance expenditure and revenue report, offering vital financial insights for strategic decisions.
- Managed end-to-end payroll operations, ensuring seamless compliance with EPF, PT and ESI regulations.
- Demonstrated expertise in preparing documentation and managing term loan operations efficiently.
- Handled Income Tax hearing in relation with non-profitable organization.
Education
PGDFM - Finance: Accounting and Business Management
IGNOU
New Delhi06-2013
B. Com - Accounting Technology and Bookkeeping
Barkatullah University
Bhopal01.2007
Skills
- Financial Acumen-US GAAP
- India GAAP
- Journal Entries & Reconciliation
- Accounts Payable
- Accounts Receivable Process
- Payroll Processing
- Financial Reporting
- Budget Management
- Variance Analysis
- Tangible Asset register
- Statutory Audit Support
- Cross-functional Collaboration
- Stakeholder Management
- Vendor Relationship Management
Certification
Tally Certified, Startlight Institute, Bhopal, Madhya Pradesh, 2009
Accomplishments
- Transformed Accounts Payable operations through pioneering API integration with HSBC Bank, reducing manual data entry by 75% and improving data accuracy by 90%, culminating in a remarkable 90% surge in order processing efficiency.
- Revolutionized vendor payment systems at CleverTap by deploying an API system, achieving a staggering 92% reduction in processing time, swiftly transforming it from 12 hours to 1 hour, significantly enhanced operational efficiency and accuracy.
Languages
- English
- Hindi
- Marathi
Timeline
Manager Finance
KFinTech
09.2024 - Current
Manager Finance and Accounts
CleverTap Private Limited
03.2018 - 04.2024
Senior Finance Associate
Mishra Construction
12.2016 - 02.2018
Senior Finance Executive
The Sanskaar Valley School
04.2011 - 11.2016
PGDFM - Finance: Accounting and Business Management
IGNOU
B. Com - Accounting Technology and Bookkeeping
Barkatullah University
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