Financial Reporting & Continuous Improvement

Yuggal Kishore

H. No. ***, Gr. Floor, Ashoka Enclave 1, Sector 34, Faridabad. Mobile: +91-987*******, E-mail: *************@*****.***

www.linkedin.com/in/yuggal-kishore-a4996399

Professional Summary:

Dynamic and results-driven Record to Report (R2R) professional with 15+ years of experience in managing month-end close processes, inter-company, statutory & management financial reporting, balance sheet reconciliations, and SOX & FCF controls. Proven track record of leading multiple Continuous Improvement (CI) projects for automation, standardization, and simplification using cutting-edge technologies such as QPA, RPA, AI, and Power BI. Strong knowledge in P2P, OTC, C&B, and T&E processes, gained through experience in diverse company models. A proactive leader adept at driving operational efficiency, compliance, and financial accuracy in fast-paced environments.

Core Competencies:

R2R Operations including Inter-Company, Month-End Close Activities etc. in accordance with US GAAP & IFRS

Global Statutory & Management Financial Reporting & Consolidation

FP&A includes BS & P&L Variance Analysis, Working Capital, Currency Forecasting etc.

R2R Process Transformation

Regulatory Compliance

Financial Controls & Risk Management

Continuous Improvement & Transformation

Stakeholder Management & Leadership

Cross-Functional Team Leadership

Automation & ERP Implémentation (SAP, Hyperion etc.)

Audit Coordination

Other Skills: P2P, OTC, C&B, T&E etc.

Professional Experience:

Global Tower Lead for Month-End Close Tower

Genpact (working for a Leading Pharmaceutical Company)

Aug 2014 – Present

Global Leadership of Month-End Close Tower: Leading the Global Month-End Close tower ensuring accurate & timely financial reporting across multiple regions. Manage a team of over 50 individuals, driving operational excellence and global coordination.

Governance and Cross-functional Collaboration: Establish and maintain strong governance mechanisms with Middle Office, Embedded Finance, business and cross-functional teams to review performances, resolve issues, ad implement mitigation plans. Ensure seamless operations and promote continuous improvements.

Compliance, SOX & FCF Controls: Implement and maintain robust SOX & FCF controls, mitigating risks, and ensuring audit readiness. Collaborate with internal & external auditors to ensure successful audits with zero observation/findings.

Statutory & Management Financial Reporting: Oversee statutory & management financial reporting, ensuring adherence to regulatory standards, internal policies, and accurate reporting of financial results.

FP&A Activities: Oversee FP&A activities such as variance analysis, currency forecasting and working capital and ensuring accurate submission.

Inter-Company Accounting: Manage inter-company activities, including booking of AR & AP invoices, Netting & Non-Netting accounting, reporting of balances in the Hyperion tool. Ensure accurate reconciliations and compliance with company guidelines.

Successfully executed the solutioning of R2R activities in Guatemala for the LATAM region.

Visited North America four times to attend high-level meetings with senior stakeholders, provide support for key projects, and facilitate discussions on year-end planning and strategic initiatives etc.

Process Automation and Improvement Initiatives:

Spearhead multiple automation projects including:

Automation of balance sheet reconciliations using QPA

Development of a Balance Sheet Reconciliation SME model

Automation of the consolidated OIM tracker and open items action plan follow up via AI

Automated preparation of financial reporting working files through QPA

Automation of manual journal entries using AJD functionality in Blackline

Streamlining FX working file preparation with QPA

These initiatives reduced processing time, minimized human errors, standardized ways of working, and freed up team capacity for higher-value added activities.

Supported/collaborated several other projects such as financial transformation of profit centres, product brand code, multiple COA to standard COA, implementation of External Reporting Hub etc.

Assistant Finance Manager

Wipro BPO (worked for a Telecom Company)

Sep’11 – Jul’14

On-site Transition of F&A Functions in Egypt: Visited Egypt and successfully transitioned all F&A functions, including R2R, P2P, T&E, C&B, and OTC, ensuring the smooth stabilization of operations across the MEA region. Managed a team of about 20 individuals.

Month-End, Quarter-End, and Year-End Close Activities: Ensured timely and accurate execution of all close activities, including journal entries, reconciliations, FX accounting, royalty management, inter-company accounting, financial reporting, and sub-function closings, meeting all reporting deadlines.

Financial Compliance and Audit Support: Monitored financial compliance and control framework, ensuring full adherence to regulatory requirements. Supported internal and external audits by providing required documentation and resolving queries related to financial reporting and control processes.

Governance and Stakeholders Engagement: Conducted regular governance meetings with the Financial Controller and other key stakeholders, focusing on Monthly Business Reviews, monitor risk areas, including process bottlenecks and discrepancies, and implement corrective measures.

Process Improvement & Automation: Led a couple of simplification/standardization/automation projects reducing manual intervention, processing time, and errors, while improving efficiency.

Process Developer

Genpact (for a Pharmaceuticals company)

Mar’10 to Aug’11

Independent Management of Month-End Close Activities: Independently handled & monitored accounting-related month-end close tasks, including journal entries, booking of Incoming and Outgoing payments (regular and direct debits), clearing customers invoices to ensure accurate and timely financial reporting.

Inter-Company Accounting: Managed inter-company accounts, performing monthly netting processes to reconcile and settle inter-company transactions, ensuring compliance with corporate accounting policies.

Balance Sheet Reconciliation: Managed balance sheet reconciliations for key accounts, such as accruals, prepaid expenses and other general ledger accounts, ensuring financial data accuracy and alignment with guidelines & policies.

Submitted a couple of Lean idea to improve reconciliations, journal entries etc.

Executive - Finance & Accounts

NIIT Smart Serve Ltd. (worked for a Real Estate Company)

Sep’08 to Jan’10

Management of C&B payments: Managed incoming & outgoing payments, including regular payments and direct debits, ensuring timely and accurate processing.

Bank Reconciliation: Prepared and executed bank reconciliations, ensuring the clearing of open items and maintaining accuracy in financial records.

Debtor Ageing Report Preparation: Prepared debtor ageing reports and other financial reports at the month-end, providing critical insights into outstanding receivables and overall financial health.

Balance Sheet Reconciliations: Prepared balance sheet reconciliation ensuring financial data accuracy.

Education:

Bachelor of Commerce from Delhi University in 2002.

Pursuing US CMA

Technical Skills:

ERP Systems: SAP

Financial Reporting Tools: Hyperion

MS Office Suite: Excel, Word, PowerPoint

Data Analysis & Visualization Tools: Power BI

Personal Dossier:

Date of Birth: 14th Jul’81

Address: 299, Ground Floor, Ashoka Enclave Part 1, Sector 34, Faridabad-121003.

Languages Known: English & Hindi

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