Accounts Payable Chief Accountant

NARENDRA. S.T

Phone: +91-812*******

E-Mail: *****.**.********@*****.***

Accounts Payable

An effective communicator with excellent numerical & analytical capabilities to serve effective solutions for enhancing the accounting and taxation operations

Location Preference: Bangalore

PROFILE SUMMARY

Strong analytical & organizational capabilities with skills in formulating accounting systems and preparing accounting records & financial statements; accurate, efficient & methodical in managing assigned tasks

Proficient in preparing/maintaining statutory books of accounts & financial statements; assisting with internal & statutory audits

Self-driven, capable to strategically plan and establish internal controls & procedures, MIS, budgets and so on

Comprehensive skills in maintaining, preparing and filing necessary documents, registers & reports and liaising with government departments & regulatory authorities for obtaining necessary sanctions

Acted as the Accounts Subject Matter Expert through understanding and provided guidance as to the best practices associated with maintenance of books of account

Experienced in reviewing all purchase requests for proper documentation in a timely fashion; managing purchase ledger function and payment of all company invoices

CORE COMPETENCIES

Accounts Payable (AP) Processes Preparation of Reports Compliance Payments Vendor Management Automation of Accounts Payable (AP) GAAP Standards & Government Regulations Records Organization & Management Journal Entries & General Ledger Invoices & Expense Reports Payment Transactions

ORGANISATIONAL EXPERIENCE

May'15-Nov’20 with Altran Technologies India Private Limited, Bangalore as Finance Executive

Key Result Areas

Administered the smooth running of the Accounts Payable Department

Executed the month-end closing process and reconciliation of ledgers

Ascertained that the Accounts Payable team replied to all queries in a timely manner and that all queries were dealt with correctly and resourcefully

Supervised daily Accounts Payable (AP) processes and clerks; managed vendor relations as well as timely and accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions

Maintained adherence to corporate, accounting and GAAP standards; addressed escalated Accounts Payable issues raised by employees and vendors; ensured accurate and compliant files and records in line with company policies and government regulations

Prepared and forwarded fortnightly/monthly reports and analysis to key senior managers in the business

Developed and maintained processes & systems for efficient processing of vendor invoices

Managed workflow to ensure that all transactions were processed accurately and timely

Ensured timely payments to vendors as per the agreed credit period; supervised the reconciliation of Vendor Account on a periodic basis

Made provisions for expenses, reversal of provisions & amortization of prepaid expenses

Helped the Taxation Team in processing periodic Service Tax/TDS/VAT/GST returns of concerned authorities on time and with accuracy

Coordinated with the Direct and Indirect Tax Teams to ensure correct accounting of direct and indirect taxes

Organized ad-hoc and operational reports; executed analytics and management reporting

Processed all employee claims within the required turnaround time

Created a new daily payable process in alignment with corporate cash management objectives

Trained staff on electronic expense report processing; designed policies and procedures for creation & approval, and processed Accounts Payable (AP)

Testing of ERP Modules whenever there is an Up gradation.

Resolving Errors in ERP

Reconciliation of Vendor Balances and Vendor TDS

Sharing the required details to Auditors during internal & Statutory Audits

Providing Audit Samples, Answering Audit Queries

Preparing required data for as on particular date for Migration from one ERP to Other ERP

Connecting with concerned Teams/Persons during the process of Migration

Sharing required details & documents To CA for getting required Forms for Foreign Payments

Submitting required documents to Bank for foreign payments

Prepared and shared details for SEZ Invoice Endorsement

Significant Achievements:

Drove month-end, quarter-end, and year-end closing periods for corporate entities

Rationalized corporate bank accounts, enabling efficiency gains for the Accounts Payable team and reducing number of check runs

Updated Accounts Payable vendor aging to accurately reflect all outstanding invoices

Participated in an Accounts Payable audit (year-year) in which external auditors identified a large amount of recoverable out of payments

Analyzed the ledger for leased properties and discovered erroneous charges and bills; saved large amount of money by following the practice

Cleared backlogs of Acquired company

Played vital role in ERP migration during Integration with Acquired Company

Resolved several issues during implementation of new Purchasing Tool

Jul'12-Apr'15 with K.K. Aromas, Bangalore as Chief Accountant

Key Result Areas:

Reconciled accounts as well as prepared reports; created, documented, and posted complex journal entries; recorded various intercompany transactions and cost allocations

Adhered to accounting controls by following policies and procedures in compliance with legal and regulatory requirements

Maintained general ledger accounts by creating journal entries, reconciling accounts receivable, preparing monthly accruals and entries, analyzing and reconciling accounts payable ledgers, and preparing fixed asset depreciation and accruals

Performed periodic reconciliations of selected ledger accounts on a monthly or quarterly basis

Supported internal and external audits by providing information and answers to auditors; undertook internal audit of transactions, where necessary

Compiled details and filed TDS, VAT & Service Tax Returns as well as completed Tax Assessments (Income Tax, VAT, Sales Tax); prepared C Form & F Form Pending Statement from customer

Summarized current financial status by collecting information; prepared the Balance Sheet, Profit/ Loss Statement, and other reports

Processed daily invoicing for accounts receivable and monthly commission statements as well as updated customer payments

Reconciled financial discrepancies by collecting and analyzing account information

Managed monthly and quarterly reconciliation of Balance Sheet accounts

Significant Achievements:

Accelerated the monthly reconciliation by implementing effective record system and identifying & correcting errors in a timely manner

Managed the accurate and timely processing of up invoices per month; assessed and closed the Accounts Payable (AP) sub-ledger on a monthly basis, validated content and resolved various issues

Recorded and managed all accounting entries using Tally 9 & MS Excel

Dec'11-Jul'12 with Fidelity Business Services India Private Limited as Process Associate

Key Result Areas:

Provided support to the employees of U.S. based client company, for defined benefit scheme administration including final salary, career average, cash balance and other hybrids

Assisted clients with full-service defined benefit plan administration services allowing plan sponsors to better manage risk and reduce cost

Followed established procedures and complied with complex rules & regulations while managing risk and legal exposure, providing an excellent experience

Significant Achievements:

Ensured 100% compliance to TAT and predefined Service Level Agreement ensuring processing accuracy, timeliness and customer service

Communicates with customers through e-mail & Web service request, and assured 100% customer satisfaction rate

IT SKILLS

Operating System: Windows

Application Package: Microsoft Office & ERP-MS Navision, SAP

Accounting Software: Tally 9

EDUCATION

M.Com. from Karnataka State Open University in 2014

B.Com. from Vijaya College, Bangalore, Bangalore University in 2010

PUC from Karnataka State P.U. Board in 2007

SSLC from St. Joseph School, KSEEB in 2005

EXTRACURRICULAR ACTIVITIES

Presented school in Taluk & District Level Table Tennis Tournament and won at district level

Acted as a member of the college theatre group and participated & won prizes in state level competitions

Active participant in “World Record Rangoli Contest”

Merit of attending 2 NSS Trekking Camps

Part of “Scribe for Blind”

PERSONAL DETAILS

Date of Birth: 28th August 1989

Father’s Name: Thimmaraju SR

Languages Known: English, Kannada & Telugu

Mailing Address: #17, 4th D Cross, Avalahalli, Bengaluru–560026

Contact this candidate