Vandana G S S

As a Revenue Accounting Manager:

• Assist the team with timely support on the issues encountered and closure of the reviews to adhere to the close timelines.
• Active participant in team projects, that demonstrated ability to work collaboratively and effectively which in turn led to healthy working environment in team.
• Played key role in training new joiners, interns for their overall development and growth.
• Gained good knowledge on IT systems and confident enough to assess and fix some of the issues or errors on own with/without minimum intervention of IT team.
• Involved, prepared and concluded SSP analysis as part of yearly annual maintenance for professional services, Training and Customer success.
• Managed critical checks and aggregate release of deals delivering on-time results under tight deadlines.
• Involved and played key role in Risk assessment to have proper controls and processes for each risk group. These controls and processes combined ensure overall revenue is recognized in compliance with ASC606.
• Key contributor to majority of projects such as OpenAir transformation, multiple phases of CPQ module, Octane implementation, SAP upgrade etc.
• Adhering to timelines of quarterly SEC schedules, external audit query/ request submission with necessary and appropriate documentation. Played key role in successfully closing out External Audit
• Preparation of schedules for quarterly CAO review and submission of further analysis for queries raised during review meeting.
• Active participant in team projects, that demonstrated ability to work collaboratively and effectively which in turn led to healthy working environment in team.
• Proven ability to perform new processes on time accurately in spite of limited transition from onshore. Readiness and willingness to accept challenge, change proved to be active player in team.
• Preparation of revenue analytics comparing actuals with expected revenue derived using prior quarter Waterfall. Post analysis, assessed for any further MJE.
• Supported multiple teams; FP&A team, for all the queries raised with required information, financial reporting team with SEC schedules such as Revenue by Geography, Revenue by customer, Revenue out of deferred balance for Form 10Q filing, Country wise revenue break up for Tax team within the stipulated time.

Growth Path

· Joined as Senior Analyst

· Promoted as Specialist– Client Financial Management

Key Result Areas:

• Supervising all engagement level financial processes such as revenue recognition, cost of services, forecast accuracy, financial reporting, billing, collection, budgeting, transaction/journal entries and account reconciliations.
• Streamlining process financial transactions and ensuring cost is properly accounted to respective projects, following up on questionable or invalid expenses and monitoring non-Accenture expenses.
• Formulating financial analysis YTD, CTD actuals vs ODE (Original deal economics) and variance analysis of revenue, expenses, headcount compared against original sales booking.
• Evaluating billing gaps in projects, timely revenue recognition and ensuring there is no revenue leakage.
• Liaising with Corporate Legal Team on issues in SOW (Statement of Work)
• Imparting training on best practices to delivery team and supporting team for forecasting and tracking of financials.
• Examining and setting up of contract & WBSE structure in SAP
• Coaching CFM Analysts/ Assistants on tools & processes and guiding them on the preparation of engagement and project reporting.
• Month end activities like forecasting, reviewing & approving journal entries for expense accrual, transfer of costs to correct WBS, financial reporting.
• Internal control checklist as per IC thresholds & documenting same as per SOX compliance/requirements.
• Adhering to U.S. GAAP, Accenture finance policies and local statutory/KMPG audit requirements
• Assessing expenses and fees - match expenses paid to expenses incurred, chargeable expenses to client billings & fees collected to client billings.
• Executing pre-close variance analysis with appropriate commentary between projected & actuals – revenue, cost and CCI
• Planning calls with Project Lead to discuss payroll cost & expense variances, an initiative on cost controls as well as talent engagement on the project.

Highlights:

• Trained CFM Team of 15 members on the new revenue standard i.e. Converged Revenue Standard issued jointly by The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB)
• Identified the key changes and implications/significant impacts of the same on the revenue recognition in contract financials of Accenture and to perform control effectiveness evaluation prior to the adoption date.
• Checked inventory & receivables and explain anomalies and following up with the client team on aged invoices.
• Evaluated solution contingency (SC) position on a periodical basis (i.e., monthly for consulting and quarterly for outsourcing deals) and intimating the position of SC to the delivery leads to decide upon to release, used, or carrying forward to the next periods based on the contract state.
• Managed delivery frameworks and new technology implementation projects for streamlining related activities as per quality standards.
• Set-up a precontract WBSe at times of No – LB agreement and tracked the costs closely.
• Led process automation in project, automated and standardized majority of the project reports which helped to simply and improvise the business flow, improved the project overall workflow in terms of achieving greater efficiency, adopting to changes according to the business needs, reducing human error.
• Spearheaded projects by identifying the non-CFM scope of activities and delegate to the respective teams and by smoothening the CFM processes which helped to achieve better work life balance for the team.
• Liaised with the PMO Teams And Delivery Leads to address the issues and streamline the processes.
• Built job aids on CFM processes for regular tasks for ready reference.

Highlights:

• Successfully managed the entire finance and accounts functions which include budgeting, compliance, review and analysis of the Financial Statements including MIS reporting, monthly cause of change of the financials vs. the plan & prior preparation, funds flow and cash flow statements & variance analysis.
• Implemented corrective actions, ensuring optimum utilization of available funds.
• Rectified serious Audit issues; ensured with proper system of internal control.
• Identified various risk management areas in the organization.
• Ensured compliance of laid down policies and procedures of the organization and reported any deviations.
• Performed Analytical Review of the performance of the company.
• Conducted need-based reviews of specific functions and organizing special Audits/Investigations.