SAP
VIJAY N
Finance Associate
Bangalore,KA
Summary
Finance professional with a strong foundation in invoice processing and reporting, dedicated to driving efficiency and supporting strategic decision-making. Proven track record of enhancing financial processes while fostering collaboration and reliability within teams, adapting seamlessly to evolving requirements. Meticulous analytical thinking and problem-solving skills consistently improve team performance and outcomes. Committed to delivering high-quality results that align with organizational goals.
Overview
8
8
years of professional experience
2
2
Certifications
4
4
Languages
Work History
Finance Associate
EATON INDUSTRIAL PRODUCTS PVT LTD
07.2019 - Current
- Prepared and submitted report on invoice processing through Non PO route in each Quarter delivering actionable insights to the Functional Manager, leading to more informed decision-making
- Processed 500+ foreign and domestic monthly vendor invoices, ensuring accuracy and adherence to payment terms, resulting in a 20% reduction in payment errors and improved vendor relationship
- Identified and resolved discrepancies in Vendor Credit notes and Debit Notes, resulting in increase in recovery of funds to company
- Orchestrated the comprehensive reconciliation process between EBRC, shipping bills, and export invoices, resulting in a 10% decrease in financial discrepancies and ensuring full compliance with international trade regulations.
- Directed timely closure of GR Waiver requests for FOC shipments, meeting all stipulated deadlines; facilitated seamless communication between bank and internal stakeholders achieved 100% approval rate.
- Set up formal cross-checking of packing lists and invoices, which solved the problem of supplier over payments.
- Spearheaded the integration of state-of-the-art data reconciliation processes for IDPMS and EDPMS systems, which yielded a significant 40% reduction in errors, ensuring meticulous financial reporting accuracy and regulatory compliance
- Streamlined audit document retrieval process, delivering 100+ required documents to auditors ahead of schedule, resulting in 15% reduction in audit completion time and enhancing company's audit reputation of being a benchmark site.
- Implemented a streamlined documentation process for supplier invoices and records, reducing manual data entry time by 15 hours per week and enhancing record retrieval efficiency by 30%
- Assessed and documented vendor invoices as zero rated on a regular basis under the authorization of the Officer, ensuring compliance with tax regulations and reducing potential financial liabilities
- Recorded and analyzed inbound freight expenses for every import shipment of raw materials on a monthly basis, ensuring data accuracy & effective variance analysis for cost control measures.
- Created and maintained a recurring expense tracking system that improved financial oversight and reporting accuracy which helped Functional Manager in providing insights to adjust budgets and forecast future expenditures.
ASSISTANT EXECUTIVE-ACCOUNTS
BRITANNIA INDUSTRIES LIMITED
03.2018 - 07.2019
- Pioneered the optimization of Cheque Deposit File download and validation processes, integrating automated validation procedures that expedited bank deposition of vendor Cheques, increasing efficiency by 15%
- Executed successful confirmation of fund transfers to vendor accounts through NEFT & RTGS, ensuring accurate and timely processing of transactions, reducing payment processing time by 25%
- Led quarterly audit of Cheques in SAP ERP system against physical copies; identified discrepancies and implemented corrective actions to achieve 99.9% accuracy, ensuring strict compliance with financial regulations
- Directed initiative to convert 80% of cheque vendors to NACH for automated debit, resulting in a 50% reduction in payment processing errors
- Led negotiations with banks to enforce penalties on dishonored checks, resulting in a 30% reduction in outstanding payments; orchestrated recovery efforts in collaboration with the Legal Department
- Transformed active listening skills and empathy to navigate complex customer inquiries, achieving a 10% increase in first-call issue resolution rate.
Education
MBA/PGDM -
Visveshwaraiah Technological University (VTU)
08-2014
BACHELOR OF COMMERCE - B.COM - undefined
Bangalore University (BU)
06-2012
Skills
Compliance tracking
SEZ Compliance
Return to Vendor Ageing
Data analysis
Month-end closing support
PO & Non PO Invoice Processing
Monthly reporting
Expense Variance analysis
Accounts payable management
GRIR Analysis
Financial Record Keeping
Accruals
Software
MFG Pro
Certification
TDS Master Class, Hamid smart Learning hub- 11/2022
Timeline
Finance Associate
EATON INDUSTRIAL PRODUCTS PVT LTD
07.2019 - Current
ASSISTANT EXECUTIVE-ACCOUNTS
BRITANNIA INDUSTRIES LIMITED
03.2018 - 07.2019
BACHELOR OF COMMERCE - B.COM - undefined
Bangalore University (BU)
MBA/PGDM -
Visveshwaraiah Technological University (VTU)
AWARDS & RECOGNITION
Received Certificate of Excellence for displaying Eaton Leadership model Attribute-Accountability