Open To Work
Vilasagaram Swapna
Hyderabad
Summary
Finance professional with over 12 years of experience in general ledger accounting, specializing in month-end closing, reporting, and balance sheet reconciliations. Proficient in managing accounts payable and receivable subledgers and lease accounting. Demonstrated expertise in Oracle R12, contributing to efficient financial operations and accurate reporting. Committed to delivering results in dynamic environments with a focus on efficiency and positive outcomes.
Overview
14
14
years of professional experience
4
4
Certifications
Work History
SME
NEWMARK CRE SERVICES PVT. LTD
Hyderabad
04.2021 - Current
- Managed lease accounting in compliance with ASC 842.
- Interpreted lease agreements to extract critical financial data, ensuring accuracy for financial reporting.
- Calculated Right-of-Use (ROU) assets and lease liabilities.
- Prepared monthly lease amortization schedules and journal entries.
- Executed lease modifications and reassessments, maintaining compliance with accounting standards.
- Reconciled lease accounts with the general ledger and resolved discrepancies.
- Prepared lease-related disclosures for financial statements and audit support.
- Coordinated with cross-functional teams (legal, procurement, operations) for lease data accuracy.
- Maintained and updated lease accounting systems and databases.
- Executed month-end journal postings in alignment with the chart of accounts.
- Facilitated accrual and prepayment journal entries for timely financial documentation.
- Balance sheet reconciliation preparation and review.
- Intercompany break journals (ICO), Foreign currency Wash out entries.
- Reviewed cash reconciliations and resolved open items for accuracy.
- Variance analysis for cash accounts.
- Internal and EY Audit support.
- Assisted in month-end, quarter-end, and year-end closing activities.
- Supported internal and external audits by providing required documentation.
- Analyzed lease expenses and explained variances to management, supporting informed decision-making.
- Preparing, reviewing and Updating of SOPs
Process Developer
GENPACT
Hyderabad
04.2014 - 04.2021
- Handling Month End Close Activities.
- Preparing Balance sheet reconciliations and clearing open items on monthly basis.
- Preparing the accrual Journal entries for the given business units & Inter company.
- Tracking AP & AR subledger close activities Status to ensure all necessary journals posted before they close the books.
- Preparing weekly bank reconciliations through Oracle CMS & Manually.
- Preparing Accrual, miscellaneous, utilities accrual, prepaid expense amortization, provisions, recurring, intercompany, inventory related journals and many more journals reviewing and posting
- Working with the Payables and Receivables Team for resolving the queries and ensuring a smooth transition of the Month Close
- Scheduling pre and post close calls with customers to discuss and identify the solutions on aged open items and close challenges.
- Closely working with clients on aged open items to maintain clean reconciliations.
- Prepared variance analysis report for reconciliation of open items to identify discrepancies
- Ensuring proper accounting of general ledger transactions and prepare monthly GL reconciliations.
- Preparation of Recurring journals and checking timely postings.
- Executed mass allocation and grouping of accounts to streamline financial reporting.
- Supporting to COE team.
- Variance Analysis.
Accountant cum Purchasing Head
PURPLE CROW ENTERPRISES PVT. LTD
Hyderabad
09.2012 - 04.2014
- Working as an Accountant cum sourcing manager to Reporting Activities which involve performing Daily Banking Transactions, reconciliations.
- Working with Tally ERP 9 and Retail pro application to record business transactions.
- Managed daily operations of accounts payable and accounts receivable to ensure timely processing and accuracy.
- Debtors & Creditors (Payment and Receipts) Analysis & Reconciliation (Credit control).
- Liaised with suppliers, internal departments, and customers to facilitate effective communication and operational efficiency.
- Preparing Cash, bank reconciliations and vendor reconciliations.
- Prepared financial statements, year-end closing entries, and audit schedules, along with revenue and expenditure variance analysis and capital assets accounting to support financial reporting.
- Achieved 6 Excellence Awards for consistently providing high-quality results and received multiple Spot Awards for performance, accuracy, process improvements, and contributions.
- Obtained 3 Customer Awards for supporting property sale activities, ensuring timely reconciliations, and successfully completing the open items project.
- One of the great achievements for selecting SWAT team to participate in remote transition process.
- Recognized as a Key Contributor for fulfilling customer expectations and delivering high-quality services.
- Earned the Far and Beyond award two times for contributions as a valued team member and for taking on additional responsibilities.
- Earned the Best Reconciler award on two occasions for maintaining 0% rejections and achieving 100% accuracy.
- Genpact Achievement Award for continuous team support.
Education
MBA - Finance
Osmania University
Hyderabad01.2009
B. Com -
Kakatiya University
Warangal01.2007
Intermediate -
Prerana Junior college
Mancherial01.2004
SSC -
Z.P.G.H.S.
Mancherial01.2002
Skills
- MS-Office, Excel and Macro Usage
- ERP: Oracle Fusion, Oracle R12, Oracle 11i, Tally 9, SAP S/4HANA
- Reconciliation Tools: FloQast, Black line and ARM
- Lease Accounting: Visual Lease
- Other Production Tools: RMS, Counsellink, Smartview (Essbase), Hyperion, Coupa and Mark view, Egnyte SSO and Share point, Stream, Outlook and Teams
Accomplishments
- Honored with 6 Excellence Awards for consistently delivering high-quality results, driving performance excellence, and recognized multiple times with Spot Awards for exceptional performance, accuracy, process improvements, and contribution.
- Received 3 Customer Awards for assisting in activities in the time of property sale, timely completion of reconciliations, and successful completion of the open items project.
- One of the great achievements was selecting the SWAT team to participate in the remote transition process.
- Certified as a Key Contributor for meeting customer expectations and delivering the best services.
- Rewarded 2 times as Far and Beyond for being a valued team member and taking on additional responsibilities.
- Recognized with the Best Reconciler award 2 times for 0% rejections with 100% accuracy.
- Genpact Achievement Award for continuous team support.
Hobbies and Interests
- Listening to music
- Travelling
- Cooking
Languages
- Telugu
- Hindi
- English
Certification
FCA - Floqast Certified Accountant - Floqast (FloQademy) Conducted
Timeline
SME
NEWMARK CRE SERVICES PVT. LTD
04.2021 - Current
Process Developer
GENPACT
04.2014 - 04.2021
Accountant cum Purchasing Head
PURPLE CROW ENTERPRISES PVT. LTD
09.2012 - 04.2014
MBA - Finance
Osmania University
B. Com -
Kakatiya University
Intermediate -
Prerana Junior college
SSC -
Z.P.G.H.S.