Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Personal Information
Timeline
Generic

VENKAT PONASANAPALLI

Hyderabad

Summary

Dynamic finance professional with extensive experience at Apex Fund Service Ltd, excelling in financial reporting and team leadership. Proven track record in process improvement and compliance, leveraging strong interpersonal skills and Six Sigma methodologies to enhance operational efficiency. Adept at managing complex reconciliations and fostering client relationships to drive success.

Overview

21
21
years of professional experience

Work History

Asst Vice President (Manager) – Financial Reporting Team

Apex Fund Service Ltd
Hyderabad
05.2023 - 08.2024
  • Review and sign off Management Accounts and various client reporting that include booking journal entries/accruals/adjustments and various fund level fee calculations.
  • Review and sign off Interim/Annual NAV packs/Financials for Real Estate Funds/Properties including the consolidated accounts/financials for SPVs and Properties.
  • Contribute to and execute Real Assets strategic product roadmap, performing program management and overseeing project team.
  • Review of Accrual entries, prepaid entries, Bank charges entries and postings.
  • Financials preparation for the P&L and Balance sheet items with comparisons prior periods.
  • Monitor the G/L to ensure transactions are being recorded in accordance with accounting standards.
  • Metrics review with client, open items tracker, unsettled open items and mismatches review.
  • Monthly SLA and CPI/KPI review with internal quality team and with client.

Manager – RTR process

Genpact India Pvt Ltd
Hyderabad
05.2014 - 04.2023
  • Handling 14 members and regularly provide performance review, constructive feedback, appraisals and setting goals for the team.
  • Handling escalations and ensure that the team meets the SLA and deadlines of the objective.
  • Ensuring no compliance issues.
  • Client Management by following interaction model.
  • Conducting one on one meetings & Skip level meetings.
  • Ensure no open items should be there in key GL accounts such as bank and cash.
  • Steered process improvements.
  • Submission of dashboards, management reports and presentations.
  • Work allocation and tracking the metrics to improve performance.
  • Managing potential new works/transitions.
  • Restructuring/realignment of teams as per the requirement.
  • Metrics review with client, open items tracker, unsettled open items and mismatches review.
  • Monthly SLA and CPI/KPI review with internal quality team and with client.

Team Lead – RTR process

Thomson Reuters
Hyderabad
07.2009 - 05.2014
  • Monitoring the operations related to account reconciliations, month close & process activities and suggest corrective measures.
  • Prepare, submit of metrics & reviews over conference calls with controllership team with data related to Bank, Balance sheet and Inter Company open items with ageing and commentary.
  • Prepare, Submit and regularly review of metrics with internal management to take decisions/initiatives which would help improve the process.
  • Support and actively participate in GA/ process improvement initiatives & Projects.
  • Maintaining good rapport with the controllership which would help them take decisions.
  • Single point of contact for various groups of all regions related account reconciliations and clearing aged open items in Bank and Inter Company divisions.
  • Ensure compliance with applicable policies, contracts and regulations and ensure timely updating of SOP’s by the team.
  • Collaboration & coordination with various stakeholders in General Accounting team for a smooth operation of the process.
  • Review, investigate, and correct errors and inconsistencies in financial entries, documents, reports and in all process related activities.
  • Consolidation and coordination for any ad-hoc request/report with quick turnaround.
  • Supported the process as a mirror/backup to AM/Manager when not available.
  • Supported the Other regions during high volumes.
  • Reviews over 1800 reconciliations each month (Including all regions reconciliations).
  • Taken up responsibility of handling additional entities/team members/activities that are assigned by management due to attrition/work load of the team members.
  • Reduced bank and balance sheet open items (i.e., Inter Company) > 60 to minimal count by identifying the root causes and working with various stakeholders in the process (LATAM, CEE, MEA regions).
  • Consolidation, coordination and reporting of Balance sheet open items (for various regions).
  • Reporting the status of ARS Reconciliations/ My Time reporting for process on a regular.
  • Working on reducing open items on various regions Inter Company open items.
  • Preparing monthly MIS reports for Inter Company Metrics and sharing with higher management along with Customer with high level values.

Senior Process Associate

IBM India Pvt Ltd
Bangalore
05.2007 - 07.2009
  • Reconciliation of GL accounts.
  • Ownership and reconciliation of ledger & Inter Company accounts in SAP.
  • Analysis and resolution of variances, and reporting the same to the management.
  • Ensuring on-time Month end close by accounting the Inter-Company invoices & GL entries in leading company’s books as well as trading partner’s books.
  • Single point of contact for resolving queries of client and auditors for accounts pertaining to me, Part of GL rationalization project.
  • Preparation of Aging report for the team, making presentations and providing resolutions to the Management about the Aged open items.
  • Preparation of SAP-HUB tie-out Report to arrive at Inter-company Differences and reporting the same to the management along with the comments with regard to the resolution for the same.
  • Ensuring HUB reflects SAP balances, HUB (Clearing House) being an Independent platform for settlement of Inter- Company transactions.
  • Monitoring & auditing of JE log & reconciliation and preparation of score-card for reporting the same to the management, which would be a base for calculation of stacks or variable pay for an employee.

Asst. Accountant

Sri Balaji Associates
Hyderabad
01.2004 - 04.2007
  • Bank transactions and Reconciliation statements.
  • Preparation of outstanding statements, i.e., Accounts Receivable & Accounts Payable.
  • Handling all bank transactions.
  • Preparation of Bank Reconciliation Statements.
  • Day to day accounting work.
  • Assistance Preparation of Final Accounts of the Company i.e. Profit & Loss Account and Balance sheet.

Education

AICPA -

AICPA
09.2025

MBA - FINANCE

Pondicherry University
01.2017

BACHELOR OF COMMERCE -

Andhra University
01.2003

Skills

  • Strong Team Player
  • Outstanding Interpersonal skills
  • Building Relationships
  • Confident
  • Self-motivated
  • Smart Worker
  • Six Sigma
  • Citrix (SAS FM)
  • HFM
  • SAP FI-CO

Accomplishments

  • Star of the Quarter, Q2, 11
  • Star of the Quarter, Q3, 14
  • Star of the Quarter, Q4, 16
  • Green Belt Certified, Six Sigma

Languages

  • English
  • Telugu
  • Hindi

Personal Information

  • Date of Birth: 07/15/82
  • Marital Status: Married

Timeline

Asst Vice President (Manager) – Financial Reporting Team

Apex Fund Service Ltd
05.2023 - 08.2024

Manager – RTR process

Genpact India Pvt Ltd
05.2014 - 04.2023

Team Lead – RTR process

Thomson Reuters
07.2009 - 05.2014

Senior Process Associate

IBM India Pvt Ltd
05.2007 - 07.2009

Asst. Accountant

Sri Balaji Associates
01.2004 - 04.2007

AICPA -

AICPA

MBA - FINANCE

Pondicherry University

BACHELOR OF COMMERCE -

Andhra University

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