Sravan Kumar
Hyd
Summary
To be a key player in an Organization to meet ever changing client needs and expectations. Enhance and grow my abilities by bringing real business value to meet global business challenges.
Overview
10
10
years of professional experience
Work History
Subject Matter Specialist
Invesco India Private Ltd.
01.2022 - Current
- Performing Cash Reconciliation process across a range of accounts in accordance with Invesco policies & procedures.
- Performing daily, weekly, monthly, Quarterly & yearly reconciliation of cash & bank statements.
- Prepare reconciliations by matching ledger transactions with bank transactions.
- Research & reconcile differences for all accounts & resolve outstanding transaction issues.
- Resolving the discrepancy or variances with all R2R teams (AP, AR, GL, Revenue & compensation).
- Preparation and posting Journal entries related to cash activities daily and monthly.
- Risk check for bank access issued to all employees.
- Participate in business meetings related to process issues.
- Identifying & reporting of any gaps & risks in the process.
- Updating the workforce SOPs in internal portal whenever required & part of reviewing SOP of other teams.
- Support external & internal audit process whenever required.
- Updation of reconciliation in Blackline & ARCS tools.
- Performing root cause analysis of any issues & elimination of them in future.
- Recurring & ADHOC Journal Request
- Reports: Weekly Open Line items, Clearing accounts and Inter Company Variance’s.
- Recording of all accruals and actuals on monthly frequencies and reporting to the respective CC owners
- Prepare weekly reconciliation for BRS, Rebate, AP & AR, Clearing and prepaid accounts for the purpose to monitor the business operations
- Prevented IC imbalances at consolidation level (HFM).
- Conduct Monthly and quarterly financial reviews and submit findings.
Accounting Specialist
Brightstar India Share Service LLP
08.2019 - 01.2022
- Inter Company Reconciliations
- Payroll journals & Tax
- GST
- Head count Analysis
- Bank Reconciliation
- Recurring & ADHOC Journal Request
- Reports: Inter Company Reconciliations, Headcount Analysis, Weekly Payroll tax to Government, MOM
- Recording of all accruals and actuals on monthly frequencies and reporting to the respective CC owners
- Verifying the employee reimbursement claims based on policy in force, any discrepancy rejecting the claims or suggesting the correct way of claim submission (overall auditing claims before making payments)
- To verify and clear all Amex related expenses submitted by users in concur tool and recording respective entries in books
- To Load Factoring entries in ERP and to complete AR factoring reconciliation
- Prepare weekly reconciliation for BRS, Rebate, AP & AR Clearing accounts and prepaid accounts for the purpose to monitor the business operations
- To create and process recurring Journal entries on monthly frequencies in JDE
- Accounting of Intercompany transactions on monthly wise and release funds to all the IC partners in subsequent months
- IC balance reconciliation on monthly basis and any discrepancies resolving with counter party within stipulated time to avoid any IC imbalances at consolidation level (HFM)
- Review and analyze expenses of each project and reporting to management
- To consolidate all IC related transaction throughout the year and prepare IDS template to submit to auditors
- Blackline reconciliations
Senior Process Executive
Cognizant Technology Services
01.2017 - 08.2019
- Inter Company Reconciliations
- Corporate Tax Analysis (CTA)
- Run Payment Certificate
- Mapping of Intercompany Man hours and Administration expenses
- Monthly and weekly Deck
- Adhoc Journal Request
- Handling Intercompany AR & AP Reconciliations on Monthly basis
- Finalizing and uploading the confirmed balances of Intercompany AP and AR in HFM tool
- Preparing and review files for Parked Invoice Report, AR overdue invoices
- Performing and review of Intercompany Monthly Billing and Quarterly Billing
- Recording of Adhoc Journal entries in SAP based on mails from the client
- Preparing standard Journals & over-under Accruals
- Monthly and Quarterly GL accounts reconciliation will be performed using Black line Tool
- Uploading the supporting files in Black line tool for Monthly and Quarterly GL Reconciliations
- Having experience in Corporate Tax Analysis
- Performing the intercompany Mappings in SAP
- Weekly calls with clients to ensure the smooth run of the process
- Monthly presentation to the Management for the overall GL & IC status
- Responsible for updating Process documents, prepare necessary documents pertaining to Integrated Quality Management System and getting Signoff
- Being a pilot batch successfully trained to team associates
- Prepared and got signoff for SOP's (Standard operating procedures) from client
- Got nine Awards and rewards for continuous consistency and Process improvements
- Received appreciation from DGM for initiating quiz in Quiz genie application
Executive Finance and Accounting
CMA CGM Shared Service Center India
08.2014 - 01.2017
- Proper monitoring on the P&L and Trial balance in order to bring the efficiency and consistency in the business
- Support to Internal and External audit compliance
- Playing the focal role between the internal team with respect to GL, BRS and P2P issues
- Presenting the weekly and monthly SLA metrics to the internal and external customers and update the process status with the client by addressing their issues/queries
- Create back up plans for all the activities performed by me to ensure business continuity
- Reports: Bank Reconciliation Report Monthly Wise, Weekly Cash forecasting Reports, Un-reconciled Report, Treasury Report Monthly wise, Cash Position Report Daily, XXCE Variance Reports and solution
- Monitoring the Bank Reconciliation and General Ledger reconciliation open items
- Recurring and Provisional Journals monitoring
- Cost center allocation
- Providing the solutions for the process related issues
- Weekly calls with clients to ensure the smooth run of the process
- Prepare all the control reports and upload it for compliance
- Monthly presentation to the Management for the overall GL &BRS status
- Responsible for performing Month-end activities & ensuring the smooth closure of Accounts for the period
- Have a good track record of meeting all Management and Client required metrics consistently
- Undertook responsibility to handle the process alone when there is severe attrition in the project
- Successful Migration of General Accounting and BRS process of Three Countries
- Achieve Award (Propeller Award) for the Performance
Education
CMA - Inter
Institute of Cost Accountants of India (ICAI)
04-2013
Bachelor of Commerce -
Berhampur University
03-2012
Skills
- SAP (FICO)
- GL Master Creation
- AP
- AR
- Asset accounting
- MS Word
- MS Excel
- MS PowerPoint
- Oracle JDE
- R11
- R12
- Hyperion (SAFRAN)
- Blackline/ARCS
- Microsoft AX
Accomplishments
- Being a pilot batch successfully trained to team associates.
- Prepared and got signoff for SOP's (Standard operating procedures) from client.
- Got nine Awards and rewards for continuous consistency and Process improvements.
- Received appreciation from DGM for initiating quiz in Quiz genie application.
- Undertook responsibility to handle the process alone when there is severe attrition in the project.
- Successful Migration of General Accounting and BRS process of Three Countries.
- Achieve Award (Propeller Award) for the Performance.
Functionalresponsibilities
- Black line reconciliation
- Journals
Languages
- English
- Hindi
- Telugu
- Oriya
- Tamil
Hobbies and Interests
- Swimming
- Listening Music
- Caroms
Disclaimer
I hereby declare that the above furnished information is true to the best of my knowledge.
Personal Traits
- Willing to learn and to take challenge with an objective to succeed.
- Effectively interact with colleagues at various levels.
Personal Information
- Father's Name: V Ramanaji Rao
- Mother's Name: V Satyavathi
- Date of Birth: 08/03/91
- Gender: Male
- Nationality: Indian
- Marital Status: Married
- Religion: Hindu
Timeline
Subject Matter Specialist
Invesco India Private Ltd.
01.2022 - Current
Accounting Specialist
Brightstar India Share Service LLP
08.2019 - 01.2022
Senior Process Executive
Cognizant Technology Services
01.2017 - 08.2019
Executive Finance and Accounting
CMA CGM Shared Service Center India
08.2014 - 01.2017
CMA - Inter
Institute of Cost Accountants of India (ICAI)
Bachelor of Commerce -
Berhampur University
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