ABHINAV CHAURASIA E-mail :admutf@r.postjobfree.com

MBA (Finance), B.Com Mobile : +91-844*******

Objective: To work in a challenging environment where not only my knowledge and abilities can be best utilized but which also offers a strong foundation for enhancing my professional knowledge. Profile Summary

A competent professional with nearly 8+ years of experience in:- Finance & Accounts Reconciliation Statements Auditing & MIS Reporting

Skilled in managing activities of Finance & Accounts like Financial Analysis, GST Returns, Budget Schedules, Reconciliation, Month End Reporting, GL Scrutiny, Accounts Payable Functions, Employees T&E expenses & Audit Reports.

Currently working as an Assistant Manager in Usha International and earlier designated as Process Developer with an experience of 4 years in Genpact India Pvt. Ltd.

Worked for Transitions project (successfully completed KT at client location). IT Credentials

Worked on SAP and Oracle 11i ERP Platforms.

Good command over MS Office (Word, Excel, Power Point & Internet). Finance & Accounts

• Working as Team Lead and responsible to manage F&A activities from Head Office for PAN India Location Teams.

• Prepare of standard Journals like Pre-payments, Accruals, Cost Transfer, Payroll Accruals, Bonus Accruals and posting them with business approval.

• Monthly Scrutiny of General Ledger and Employee Advance Accounts to clear the outstanding items.

• Preparing and Reviewing Vendor and GL reconciliation statements, follow-up on open items & clearing.

• Implantation of policies and modification in Financial System based on regular commercial terms.

• Analyzing and providing resolutions on Aged Debit & Credit items.

• Dashboard preparation including monthly SLA & KPI for MOR (Monthly Operation Review) meeting.

• Generating MIS & other Financial Reports on the basis of various analysis to ensure the timeliness, accuracy and completeness of financial statements.

• Posting Accounting Accruals, Parked and Blocked Invoice Provision on monthly basis.

• Preparation of Annual Budget and comparison of the same with Actuals for Variance Analysis.

• Monitor Target Budgets and course corrections against Plan Vs Actual.

• Support scheduled activities like Budgeting, Forecasting, Budget vs Actual Analysis.

• Responsible for Preparing Aging Report of Employees and Vendors as per their define Payment Terms.

• Accountable for Timely Vendor Payment & Reconciliation to get no due certificates.

• Processing & Verification of Service Vendors GST Invoices to get the Input GST Credit within timeframe.

• Diagnose data related issues with ability to identify root cause & resolve within timeframe. ORGANISATIONAL SCAN

Usha International : Sep 2015 – Present

Assistant Manager – Operational Activities

• Analyze the Actual Expenses v/s Projected for each Location on Monthly basis.

• Maintaining a robust process to ensure advances given to employees are duly adjusted from their expense on monthly basis.

• Identify & implement the process improvements, update SOP’s as and when required. Indirect Taxation (GST)

• Preparation and Compilation of data for filing returns GSTR-1, GSTR-3B and GSTR-9 as per given timelines.

• Input Tax (GSTR-2A) and Income Reconciliation of GST returns with books of accounts.

• Co-ordination with external auditors as well as other statutory Tax Authorities / Consultant for Assessment, Appeals and Audit purpose.

• Preparations to draft reply to notices or enquiries from various Government departments.

• Ad-hoc queries from different teams in respect of transactions to be undertaken and suggesting the way-out from the point of view of GST etc.

• Conducting meetings with concerned departments for any process improvement or any new development.

• Review of all transactions and suggesting changes in the current system.

• Track and update latest developments in GST.

• Preparations of returns in SAP as and when required like Job work report, sales report.

• SPOC for all the audit queries/Departmental queries. People Management

One-O-One with team members.

Monthly scorecard for team members and discussion on improvement areas.

Priorities set up and yearly performance feedback.

Daily team huddles to ensure all tasks are completed on time.

Monthly Brainstorming session with team after Period Close.

Implemented SPOT award and WALL OF FAME in the deal. People’s Manager- Trained & groomed team members on their way up and crafted road paths to align with their career goals in integration with the team targets. Projects

GRIR

Started the project to bring down the numbers from $2 M to $0.5 M.

Worked on pending items in bucket >365 Days and cleared 90% of them.

Worked with top 20 Vendors as per Material and Freight and worked on the top reasons contributing to high numbers in GRIR.

POT (Payment on Time)

Started the project to increase the POT to >80% from 67%.

Analyzed 06 months data for the entity and worked on reason contributing to late POT.

Worked with top 20 Vendors contributing to Late POT.

Worked with procurement and business to make the Vendor communication more effective.

Worked with VMD team to update the Vendor details.

TAULIA & AP Tome

Worked with business in Implementing OCR.

Ensuring Vendors are being encouraged to move to workflow process through scanning.

Training them over the features of the Portal.

• Preparing Vendor and GL Reconciliation statements, follow-up on open items & clearing.

• Processing of standard Journals like Pre-payments, Accruals, Cost Transfer.

• Dashboard preparation including monthly SLA & KPI for MOR (Monthly Operation Review) and Audit.

• Responsible for client interaction on related Issue Resolution, Email Support and providing feedback to the Team.

• Monthly closing reports related to provisions.

• Analyzing and providing resolutions on Aged Debit & Credit items.

• Support Internal/External Audit Team as and when required.

• Upload Budgets in Cost Centre’s on basis of Sanction Annual Budget at departments/location level.

• Ensure Quality Operations are run effectively and efficiently to meet the Service Level Agreements and Targets.

Achievements

• Five Star Lean Certified for continuously providing Improvement Ideas for Process.

• Received Bronze award for meeting 100% SLA’s and KPI’s. Transition

• Knowledge transfer activities at client location: -

Scanning, Invoice Processing & Payment.

• SOP creation for all activities.

• AS IS and TO BE Process Map creation

• Providing daily updates to management on KT Status.

• Learning Log and Exception tracker implemented and maintained.

• Ensuring all exception/scenarios is covered in KT for smooth transition & Business excellence document creation.

Operations

• Responsible to manage EMEA region team including activities for scanning, Invoice processing, Issue resolution, Payments, Emails & Calls helpdesk.

• Analyzing and providing resolutions on Parked & Blocked items.

• Query analysis and reporting to onshore team and management on regular follow-up and escalation.

• Reviewing and approving daily payment proposal before submission to client.

• Weekly operational call with onshore team.

• Reviewing various reporting to meet the defined SLA & KPA.

GRIR Clearing, Payment Terms & Method.

Invoice Processing TAT, Invoice Accuracy.

POT Report, Aged Items Report, Failed Payment Report.

• Resolving issues related to Invoice / Purchase Order / Scanning / Payments hold etc.

• 100% quality check for first 2 months to ensure quality is maintained. Genpact India: Aug’2011 – Sep’2015

Finance & Accounts – Record to Report

Jul 2014 – Sep 2015

Finance & Accounts – Procure to Pay (AP)

Aug 2011 – Juul 2013

• Worked on GRIR Project and brought down maximum numbers in 03 Months’ time.

• Prepare Invoice Aged Items Analysis report and ensuring items are getting cleared at earliest.

• Analyzing and providing improvement ideas for Payment On Time (POT) and Payment Readiness.

• Worked together with SRM and P2P analyst for weekly and monthly action plan to achieve our targets.

• Successfully managed to pull the process back from low yearly ratings to promoters at initial stage. Garnered good VOC and team award for the best performance.

• Worked on GRIR and aged invoice analysis and brought down numbers at lowest in 02 years.

• Account payable controller, processing of JV’s, PO/Non-PO based (Legal, Utility, Credit/Debit Memo) and Intercompany invoices for different entities.

• Reversal/Correction/Clearing/Re-processing of incorrect invoices/payments.

• Follow up with Supplier & Buyers on issues related to Purchase Orders and Payments to resolve the disputes.

• Processing of online, down, recurring payment and cash/travel advance request.

• Hands on different countries invoices includes taxation part GST and WHT (Withholding Tax).

• Responsible for Quality Monitoring/SOX compliance and providing feedback to the team.

• Support the team as Process Trainer catalyst & responsible for sharing monthly performance of each team member to Management.

Transformation

• Filled Multiple Improvement ideas to standardize process.

• Provided improvement idea to increase Auto Invoice posting in OCR.

• Created MACRO for duplicate check. Ensuring it’s done on daily basis before payment run.

• Entitlement study done in Invoice processing to identify areas of Automation.

• Created file for automated quality checks on few fields.

• Worked with RTR team on new GL assigned.

EDUCATION & CREDENTIALS

Degree Name of Institution/ University Year

MBA (Finance) IMT Ghaziabad Jun 2015

B Com. ( Finance) Delhi University Mar 2010

Higher secondary (XII) C.B.S.E. Mar 2007

Senior secondary (X) C.B.S.E. Mar 2005

PERSONAL DOSSIER

Date of Birth : 08th May 1990

Permanent Address : H.No. 457, Sita Ram Bazar, Delhi-110006 Linguistic Abilities : English & Hindi

Hobbies : Listening Music and Reading Novels

Status : Married

DECLARATION

I hereby declare that all the information furnished above is true to the best of my knowledge and belief. Place: Delhi

Date: (Abhinav Chaurasia)

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