Summary
Overview
Work History
Education
Skills
CORE COMPETENCIES
Achievements & Awards
Software
Interests
Hobbies
Languages
Timeline
Generic
Vivek Salunkhe

Vivek Salunkhe

Process Lead (Record To Report)
Mumbai

Summary

Finance professional with 9+ years of experience across Fixed Assets Accounting, WBS/Project System Accounting, RTR (Record-to-Report), SAP FI-AA/PS Functional Support, and Financial Close Management. Proven track record of driving asset lifecycle accuracy, optimizing month end timelines, improving automation, and ensuring compliance with IFRS/GAAP/IND-AS. Skilled in SAP FI-AA, SAP PS, Blackline, HFM, FCCS with demonstrated leadership in process improvements, audit readiness, and system transformation projects.

Overview

3
3
Languages
12
12
years of professional experience

Work History

Process Lead - Fixed Assets & RTR Support

Holcim Global Hub Business Services
05.2025 - Current
  • Led end-to-end Fixed Assets Accounting including capitalization, depreciation, asset retirement, impairment, and reclassification.
  • Managed WBS (Work Breakdown Structure)-wise accounting for asset projects, ensuring accurate mapping of costs, settlements, and project progress.
  • Supervised asset creation, modification & master data governance (asset classes, cost centers, WBS elements, location, depreciation areas).
  • Ensured timely month-end and year-end closing for Fixed Assets including depreciation run, reconciliation, and financial reporting.
  • Oversaw Asset under Construction (AUC) accounting and settlement from WBS to final asset classes.
  • Ensured adherence to IFRS/IND-AS/GAAP standards for capitalization rules, useful life, impairment, and componentization.
  • Coordinated with Project Management, Finance, Procurement, and Controlling teams for end-to-end project and asset lifecycle accuracy.
  • Developed and implemented SOPs, process maps, and control checklists for fixed assets and WBS accounting.
  • Conducted training sessions for new team members on capitalization principles, WBS usage, and asset settlement.
  • Monitored internal controls, ensured audit readiness, and resolved audit queries (internal/external/statutory).
  • Managed SAP FI-AA & PS (Project Systems) WBS lifecycle — including creation, cost tracking, budget check, and settlement.
  • Performed WBS-to-AUC-to-Asset settlement processes with accurate cost roll-up and depreciation alignment.
  • Supported automation initiatives: mass asset upload, automated depreciation runs, and settlement templates.
  • Worked closely with IT teams to resolve system issues, data inconsistencies, and implement configuration improvements.
  • Prepared fixed asset schedules, roll-forward reports, CWIP/AUC movement reports, and WBS-wise cost analytics.
  • Identified and corrected capitalization vs. expense misclassification through analytical reviews.
  • Improved reporting accuracy and timelines through dashboard creation, exception reporting, and variance analysis.
  • Ensured compliance with SOX controls, internal audit guidelines, and corporate asset policies.
  • Led the documentation and implementation of process improvements, reducing errors and improving efficiency.
  • Acted as a key point of contact for statutory, internal, and management audit related to fixed assets.
  • Streamlined WBS-to-asset settlement process, reducing month-end closing time by 15%.
  • Improved asset master data accuracy, reducing exceptions by 10%.
  • Automated key reports, saving 5 hours per month.
  • Mentored junior team members, providing guidance on best practices and contributing to their professional development.
  • Evaluated process performance metrics, identifying areas requiring improvement or optimization for increased efficiency.
  • Identified opportunities for continuous improvement through data analysis and process evaluation.

Senior Analyst - Finance

Travelex India Pvt. Ltd.
03.2021 - 04.2025
  • Responsible for maintaining the general ledger, ensuring accurate accounting for accruals, prepayments, expenses, intercompany transactions as per GAAP & IFRS.
  • Recording month and quarter end journals in SAP as per the request of local finance.
  • Recording of Asset movements in SAP and uploading Fixed Assets report into HFM & FCCS during Month end close.
  • Analysis of monthly Profit & Loss (P&L) review and processing of journals for true and fair view.
  • Process monthly Intercompany recharges and issuance of balance confirmations to counter parties.
  • Preparation of month end accruals, prepayments, Debtors and Creditors schedules.
  • Preparation and submission of monthly Management Information Reporting & balance Sheet reconciliation.
  • Responsible for investigating, resolving and escalating any variances in the balance sheet reconciliations.
  • Responsible for timely clearance of queries from business owners and customers.
  • Record to report (R&R) preparation of quarterly MI & Stat packs.
  • Reporting on monthly, quarterly and yearly basis in HFM (Hyperion Financial Module) & FCCS (Oracle Financial Consolidation and Close Cloud Service).
  • Provide assistance for internal & external audit of the company.
  • Periodic cost center wise analysis of Cost and revenue (Variance analysis).
  • Setup weekly calls with local finance to discuss open items, General Ledger issues and updates about the process.
  • Performing monthly reconciliation of SAP vs FCCS vs MIR for all balance sheet and P&L items.

Account Executive

Pioneer Legal
06.2019 - 07.2020
  • Managed job code-based bookkeeping and accounting record updates, including ledger scrutiny.
  • Oversaw petty cash management to prevent unnecessary expenses.
  • Prepared daily, weekly, and monthly bank reconciliation statements.
  • Generated fortnightly MIS reports for manager review.
  • Managed payroll accounting and ensured timely salary payments.
  • Completed TDS & GST related tasks monthly for filing returns.
  • Coordinated with clients and vendors for Account Receivables and Account Payables management.

Account Assistant

Arun Shinde & Co. (Ghatkopar, Mumbai)
10.2018 - 03.2019

Article Assistant

H. I. Shah & Associates (Andheri, Mumbai)
08.2015 - 03.2018

Article Assistant

A.G. Shende & Co. (Mumbai Central, Mumbai)
08.2014 - 07.2015
  • During my CA Articleship, I have handled many assignments in the following fields, viz.
  • Direct Taxation:
  • Filling of Income tax returns of Individuals, Firms, Companies and Other assessee.
  • Timely calculation of Advance tax liabilities of various clients.
  • Preparation of TDS summary and filing quarterly returns.
  • Indirect Taxation:
  • Advising to client for applicability of GST & various GST related compliances.
  • Preparation & filling of Various GST related returns.
  • Accounts & Audits:
  • Monitoring & finalisation of accounts by compliances with applicable accounting standards.
  • Finalisation audit of Individuals, Partnership firms & Private limited companies.

Education

CA IPCC -

Institute Of Chartered Accountant Of India

CA CPT -

Institute Of Chartered Accountant Of India

B.Com - A&F

Mumbai University - Gurukul College
Ghatkopar (E)

H.S.C -

Maharashtra State Board - Gurukul College
Ghatkopar (E)

S.S.C -

Maharashtra State Board - Marathi Vidyalay
Ghatkopar

Skills

Proficient In SAP, Blackline, HFM, FCCS & MIR

Proficient in MS-Office application - MS- Excel, MS-Word, MS-Power point

Proficient in Tally ERP 9 with sound knowledge of accounting

Successful completion of 100 hrs ITT & 100 hrs of Advance ITT programme of ICAI

CORE COMPETENCIES

Fixed Assets & WBS Accounting: Capitalization • AUC Accounting • Impairment • Retirement • Reclassification • WBS Creation & Settlement • Project Costing
RTR & Reporting: GL Accounting • Accruals • Prepayments • Intercompany • Reconciliations • P&L Review • Management Reporting
SAP Functional Skills: SAP FI-AA • SAP PS • Asset Master Data • Depreciation Areas • Settlement Profiles • UAT Testing • Issue Resolution
Controls & Governance: SOX Compliance • Internal Controls • Process Mapping • SOP Development • Statutory/Internal Audit Support
Analytics & Tools: HFM • FCCS • Blackline • Excel (Advanced) • Dashboards • Tally ERP 9


Achievements & Awards

Appointed as UAT tester for ANZ region during system migration (HFM to FCCS).

Appointed as UAT tester for ANZ region for finance transformation project (SAP to Oracle).

 Recognition in 2021 under category of Customer Management.

Software

SAP

Blackline

HFM

FCCS

Tally ERP 9

Ms- Office

Interests

Listening Music, Travelling, Reading

Hobbies

• Listening Music

• Travelling

• Reading

Languages

English
Marathi
Hindi

Timeline

Process Lead - Fixed Assets & RTR Support

Holcim Global Hub Business Services
05.2025 - Current

Senior Analyst - Finance

Travelex India Pvt. Ltd.
03.2021 - 04.2025

Account Executive

Pioneer Legal
06.2019 - 07.2020

Account Assistant

Arun Shinde & Co. (Ghatkopar, Mumbai)
10.2018 - 03.2019

Article Assistant

H. I. Shah & Associates (Andheri, Mumbai)
08.2015 - 03.2018

Article Assistant

A.G. Shende & Co. (Mumbai Central, Mumbai)
08.2014 - 07.2015

B.Com - A&F

Mumbai University - Gurukul College

CA IPCC -

Institute Of Chartered Accountant Of India

CA CPT -

Institute Of Chartered Accountant Of India

H.S.C -

Maharashtra State Board - Gurukul College

S.S.C -

Maharashtra State Board - Marathi Vidyalay

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Vivek SalunkheProcess Lead (Record To Report)