Vijay C
Bangalore
Summary
Dynamic Process Excellence Manager with a proven track record at Novo Nordisk, specializing in process standardization and KPI monitoring. Adept at cross-functional collaboration, I drive continuous improvement initiatives that enhance financial accuracy and efficiency. Proficient in SAP FI, I excel in conflict resolution and have successfully streamlined payment processes, significantly reducing delays.
Overview
18
18
years of professional experience
Work History
Process Excellence Manager
Novo Nordisk Service Centre India Pvt Ltd
07.2023 - Current
- Payment on Time (POT) – The goal of addressing Payment on Time concerns is to identify the primary factors contributing to delayed payments to vendors.
- Established a Payment Matrix and successfully updated the payment terms.
- Collaborated closely to address and reduce the delay causing POT issues.
- Vendor Open Items Clearing – The objective of Vendor Open Items Clearing is to reconcile and resolve outstanding financial items related to vendors, ensuring accurate and up-to-date financial records.
- Failed payments - To identify and rectify the underlying issues that result in payment failures. The aim is to ensure a seamless and reliable payment process, minimizing disruptions, and maintaining positive financial transactions.
- Establishment of Standard process & actively engaged within team to monitor and resolve any issues.
- Preform detailed process discovery, KPI monitoring, and receive ground level feedback to analyse processes specific to Northwest Europe.
- Leasing standardization – The goal is to streamline the process to enhance quality and improve reconciliation.
- Identify opportunities for streamlining, and provide recommendations for standardizing, and consolidating processes.
- Oversee the implementation of new processes and ensure adherence to established procedures.
- Collaborate with cross-functional teams to understand interdependencies and optimize end-to-end processes.
- Collect and analyse customer feedback to drive continuous improvement.
Team Lead F&A
Accenture Solutions Pvt Ltd
08.2021 - 07.2023
- Managing month-end activities including accruals, Reclass, Prepaid (amortization), and matching analysis (PO).
- Creating various Journal Entries for different FSLI (Financial Statement Line Item) such as Immigration, Relocation, Network, SBC, T&E, and Tax.
- Preparing and reviewing Balance Sheet reconciliations.
- Drafting Standard Operating Procedures (SOP) in a prescribed format and uploading them in TeamDOT.
- Analysing fluctuations in Balance Sheet accounts.
- Participating in client meetings to discuss processes and performance.
- Conducting Matching Analysis by assessing Purchase Orders to ensure timely posting of accruals based on service/Goods received and invoice issuance.
- Providing cross-training for different activities to ensure proper backup is in place.
- Performing Stat Allocation by preparing reports and posting JE for Management reporting related to allocations based on Trips/Contacts/Gross bookings.
- Simplifying reconciliations to reduce preparation time by implementing formulas.
Assistant Manager F&A & Transition
Consero Solutions India Pvt Ltd
09.2019 - 08.2021
- Reviewing O2C & GL activities monthly.
- Ensuring compliance with GAAP for ASC 606 & ASC 842.
- Managing month-end activities such as creating invoices, cash application, and weekly aging reporting.
- Verifying consolidated financials and reports, reviewing Balance sheet reconciliation.
- Developing process flows and documenting procedures (SOP).
- Creating Accounting Policy based on questionnaires updated and sent by clients.
- Preparing Deferred revenue schedules and posting Revenue journals during month-end, including balance reconciliation.
- Preparing and uploading journals to ensure accurate recording of accruals and prepayments.
- Monthly intercompany reconciliation between different affiliates to ensure accurate balances.
- Posting month-end accruals and income tax, as well as regional office & VAT reconciliation.
- Handling fixed asset accounting, capitalization, depreciation run, and adjustment postings at month-end.
- Performing internal and external bank reconciliation to align bank statements with GL account postings.
- Controlling GRIR postings and ensuring clearance upon receipt of invoices by month-end.
- Technical closure involving currency revaluation, AP/AR balance regrouping, Trial balance submission through ECCS, and period closing.
- Preparing Accrual Analysis & Balance sheet analysis for better financial control.
- Compiling monthly KPIs with supporting details to assess quality and achievement of TAT.
- Clearing open item managed GLs such as accrual GL and Prepaid GL for clean financial statements.
- Monthly calls with stakeholders to discuss month-end status and KPIs.
Associate Business Analyst (SME)
Novo Nordisk Service Centre India Private Ltd
08.2013 - 08.2019
- Preparing and uploading journals to ensure accurate recording of accruals and prepayments.
- Daily cash applications.
- Monthly intercompany reconciliation between different affiliates to ensure accurate balances.
- Creating invoices between affiliates based on SLAs and upon request.
- Posting month-end accruals and income tax, as well as regional office & VAT reconciliation.
- Handling fixed asset accounting, capitalization, depreciation run, and adjustment postings at month-end.
- Performing internal and external bank reconciliation to align bank statements with GL account postings.
- Controlling GRIR postings and ensuring clearance upon receipt of invoices by month-end.
- Making provisions for bad debts based on actual due dates at month-end once cash application is completed.
- Technical closure involving currency revaluation, AP/AR balance regrouping, Trial balance submission through ECCS, and period closing.
- Preparing Accrual Analysis & Balance sheet analysis for better financial control.
- Compiling Transfer pricing report at year-end.
- Coordinating with a team of approximately 8 people, allocating workloads, and tracking status to keep the manager updated.
- Providing training to new joiners on basic processes and conducting on-the-job training for different activities.
- Compiling an error list committed during the month, conducting root cause analysis to prevent repetitive errors.
- Compiling monthly KPIs with supporting details to assess quality and achievement of TAT.
- Clearing open item managed GLs such as accrual GL and Prepaid GL for clean financial statements.
- Monthly calls with stakeholders to discuss month-end status and KPIs.
- Preparing annual Fluctuation analysis and monthly Profit and Loss review to ensure accurate usage of accounts for various expenses and to provide explanations for any variances in accounts compared to previous years/months, ensuring alignment and adherence to proper accounting practices.
- Transitioned Accounting activities from Sri Lanka (Onsite) & North America (Offsite).
- Project – Back to School – I had the opportunity to lead the 'back to school' project, where I trained over 75 employees in the accounting team on basic accounting and conducted assessments. This experience provided me with valuable exposure and helped improve my presentation skills, enhance my knowledge, and effectively engage trainees. Subsequently, I also took ownership of Back-to-School Phase 2, which involved advanced training.
Senior Process Associate
Cap Gemini Business Services (India) Limited
06.2010 - 07.2013
- Compiling AR statements and requesting AP statements.
- Performing intercompany reconciliations across different affiliates to ensure accurate balances.
- Generating stock in transit reports to facilitate balanced reconciliation within affiliates and ensure accurate accounting.
- Verifying the creation of POs and GRs for invoices.
- Following up on payables and receivables from customers and vendors.
- Compiling quarterly intercompany schedules and uploading them.
- Preparing accrual analysis and reports to enhance control over the books of accounts.
- Creating and uploading JVs related to accruals.
- Generating aging analysis reports to maintain proper controls over trade receivables and payables.
- Addressing client issues and queries through conference calls, emails, etc.
- Coordinating meetings and calls with clients to discuss month-end updates.
- Awarded for outstanding performance and Quarterly Appreciation.
- Recognized as an excellent performer.
- Subject Matter Expert in Accounting.
Senior Accountant
Prasad and Oswal Associates (Chartered Accountants)
05.2007 - 05.2010
- Taxation – Individuals, Sole Trading concern, Govt. Institutions, Societies, Trusts, Partnership Firm & Private LTD Companies.
- Monthly filings related to VAT, TDS and service tax.
- Annual returns filing for individuals, organisations etc.
- Bank Reconciliation.
- Tax Audit to assess and ensure proper reporting.
- Preparation of Trial Balance, P&L A/c & Balance Sheet.
Education
CA Inter-IPCC_Group1 -
Institute of Chartered Accountants of India
01.2011
BCom -
Seshadripuram Evening Degree College
01.2005
Skills
- TALLY 63
- MS Excel
- MS Word
- MS PowerPoint
- MS Visio
- SAP FI
- Process standardization
- KPI monitoring
- Process improvement
- Compliance adherence
- Cross-functional collaboration
- Conflict resolution
- Process automation
- SAP SD
- Oracle
- Hyperion
- Blackline
- Coupa
- Trintech
- Teamdot
- UAccrue
- Intacct
- QuickBooks
- Billcom
- Information Technology Training
Accomplishments
- Awarded for outstanding performance and Quarterly Appreciation.
- Recognized as an excellent performer.
- Subject Matter Expert in Accounting.
Languages
- English
- Hindi
- Kannada
- Tamil
- Telugu
Personal Information
- Passport Number: X9763688
- Date of Birth: 01/17/85
Timeline
Process Excellence Manager
Novo Nordisk Service Centre India Pvt Ltd
07.2023 - Current
Team Lead F&A
Accenture Solutions Pvt Ltd
08.2021 - 07.2023
Assistant Manager F&A & Transition
Consero Solutions India Pvt Ltd
09.2019 - 08.2021
Associate Business Analyst (SME)
Novo Nordisk Service Centre India Private Ltd
08.2013 - 08.2019
Senior Process Associate
Cap Gemini Business Services (India) Limited
06.2010 - 07.2013
Senior Accountant
Prasad and Oswal Associates (Chartered Accountants)
05.2007 - 05.2010
CA Inter-IPCC_Group1 -
Institute of Chartered Accountants of India
BCom -
Seshadripuram Evening Degree College