Controller/Accounting Manager

Prashanti Karamched

**** ******* ***** ****

Suwanee, GA 30024 Mobile: 404-***-****

USA E-mail: ***********@*****.***

PROFESSIONAL SUMMARY

Accounting professional with 6+ years of company experience and a proven track record of accomplishments in accounting and finance, including:

• Journal Entries • Revenue Calculation • Telecom Knowledge

• Account Reconciliations • Deferred Revenue • Accruals

• Reseller Reserves • P&L Analysis • GAAP

• Month End Close and Year End Close

• International Accounting • Internal Audit and Internal control

• Consolidations • SOX Controls

• Revenue and NOI Flash

PROFESSIONAL EXPERIENCE

Premiere Global Svcs Inc Alpharetta, GA Aug 2010 – Present

Senior Accountant (Contract)

• Serve as Lead accountant on the Revenue Management Team.

• Responsible for all products revenue review and recording in compliance with US GAAP (EITF 00-21,

• SOP 97-2, SAB 101).

• Reconciliation of complex general ledger accounts related to Revenue Recognition.

• Work closely with Revenue Accounting manager discussing and implementing new processes for revenue.

• Prepare and post journal entries relating to revenue recognition at month-end.

• Develop revenue and margin reporting for management including actual, forecast and budget results.

• Perform financial analysis such as P&L Analysis, and Revenue Analysis.

• Maintain the accuracy of accounts receivable and invoicing by working closely with the Director of Revenue, AR Manager.

• Research revenue recognition issues by working with MIS department.

• Prepare monthly deferred (long term and short term) and unbilled revenue schedules.

• Review contracts and set up timing of revenue recognition, billing plans, and billing terms.

• Intercompany billing and global revenue allocations.

• Prepare direct costs accruals and analysis.

• Analyze GL accounts for unusual variances/activity and provide explanations to manager.

• Prepare bank reconciliations for disbursement and other accounts.

• Complete work with minimal supervision.

ADP Inc Alpharetta, GA Sep 2009 – May 2010

Senior Accountant

• Maintain a complete general and subsidiary ledger and prepare journal entries.

• Prepare and review internal analysis (i.e., bank reconciliation, balance sheet, fixed asset subsidiary ledgers, etc) and assure they are reconciled to the general ledger according to scheduled deadlines.

• Fixed assets journal entries, coding to the GL, depreciation schedule and reconciliations.

• Research and resolve all day-to-day problems related to general ledger items. Works closely with the region/division on issues surrounding the monthly close and reconciliation of the balance sheet.

• Prepare and review internal analysis.

• Produce and publish revenue and NOI flash for the region.

• Review and verify the accuracy of journals, vouchers and accounting classifications assigned to records for accurate reporting. Ensure compliance to Generally Accepted Accounting Principles as well as corporate policies and procedures.

• Possess and apply knowledge for the completion of moderately difficult to complex assignments. Analyze various P&L accounts and provide results to managers.

• Support the Accounting Director regarding the coordination of external audits and compliance to internal controls including SOX requirements.

• Support the Accounting Director with the review an coordination of accounting activities performed within the accounting shared services center within the US and India.

• Read and understand legal contracts to identify revenue recognition.

• Comply and prepare accurate reports (i.e., staffing, productivity and expense analysis).

• Prepare forecasts and analyze trends in finance, general business conditions and other areas.

• Perform quantitative analyses for various types of financial data needed in planning, budgeting and forecast.

• Prepare all schedules supporting monthly P&L.

• Work with the region heads to properly forecast upcoming expense activity. Ensure relevant and material items are incorporated into each monthly forecast.

• Reconcile FTE schedules to the plan and forecast.

• Analyze and interpret monthly variances and trends between budgets, actual and forecast

Process Improvements:

• Re-engineered and Automated “severance” project to automatically populate JE against the set reserves.

• Also, produce the balance sheet severance recon for the entire ES.

• Substantial re-design of processes related to Bonus accrual and FTE and Head count resulting in more timely and accurate recording of the accruals and the stats.

• Enhancements made to bonus reporting system providing more detailed information by the associate and on the summary sheet to automatically produce MOM variance on actual to plan and actual to forecast.

• Developed monthly amortization by account by department on the received revenue transfers.

• Developed a complex excel linked sheets to pull the FTE information directly from the HR files to minimize the effort which is now being used by other regions as well.

AT&T Mobility Inc Alpharetta, GA Mar 2006 – Feb 09

Lead Revenue Accountant – Revenue Accounting (July 2007 – Present)

• Perform all accounting functions such as identifying daily, monthly revenue accruals, deferrals and estimates and month-end processes including balancing General Ledger, Income Statement, Journal Entries and Reconciliations.

• Manage the combined billing inter-company balancing of AR along with elimination of associated expense; ensure compliance of corporate regulations of inter-company variances.

• Perform mid-month and monthly variance analysis for subscriber revenue for the company.

• Prepare all daily and monthly reports necessary to provide accurate and timely information in order to meet internal and external reporting requirements. These reports include but are not limited to Subscribers.

• Strong organizational and time management skills and the ability to balance a large group of diverse projects simultaneously with excellent attention to detail.

• Provide accurate reports with supporting documentation to internal and external audit to ensure SOX compliance.

• Maintain the revenue accounting policies, procedures and internal controls for all revenue related transactions in order to maintain compliance with GAAP while ensuring that the design and documentation of procedures will also be adequate in maintaining compliance with the Sarbanes Oxley Act.

• SAB 104 and EITF

Process Improvements:

• Re-engineered the combined bill AR reconciliations resulting in improved visibility and ability to track outstanding AR.

• Substantial re-design of processes related to the accounting of subscriber bad debt expense resulting in more timely and accurate recording of AR reserve and bad debt.

• Enhancements made to bad debt reporting systems providing more detailed information to the receivables management group along with improving deliverables by two business days.

• Developed monthly reporting of affiliate revenue for publication to the regional finance groups in MS Access

• Enhanced activation/upgrade fee revenue and deferral reporting for publication to the Controller.

Professional Career Development Institute, Inc. Norcross, GA Dec 2005 – Feb 2006

Senior Staff Accountant (Contract)

• The purpose of this position is to prepare, review, and/or approve accounting transactions of a routine nature by performing the following duties:

• Daily reconciliation of bank, prepaid accounts.

• Prepared financial reports and assists in the maintenance of the accounting system.

• Prepared and enters journal entries into Great Plains.

• Month-end Adjusting Entries, G/L Analysis, Actual – Budget Variance analysis.

• Monthly Financial Statements for 2 Companies.

• Revenue Analysis, Inventory Control, A/P, A/R controls.

PRG Schultz International Inc, Marietta, GA 30339 April 2003 – Nov 2005

Staff Accountant – Revenue Reporting (2004 – 2005)

• Prepared monthly financial statements, including Statement of Financial Position, Statement of Activities and Budget to Actual Variance Reports.

• Developed relationships and worked closely with International business partners in European and South American countries to continuously improve the close process.

• Processed consolidations in Excel (including international currency translations, VAT and inter company eliminations)

• Processed consolidations in the ERP system.

• Maintained and reconciled general ledger accounts. Made appropriate accounting entries for all transactions including banking and fixed assets, accounts payable transactions, bank deposits.

• Bank Reconciliations to ensure Treasury account tie with the general ledger.

• Performed special projects, such as People Soft upgrade and SOX 404 Compliance testing.

• Reviewed purchases of all equipment for more than $1,000 and recorded capital equipment, in People soft fixed asset system and general ledger.

• Posted all depreciation to general ledger on a monthly basis. Conducted periodic inventories of all capital equipment and updated fixed asset system and general ledger to reflect noted changes. Deleted traded-in, lost, destroyed, sold, etc., fixed assets from the fixed asset system and general ledger.

AR Specialist – Revenue Accounting (2003 – 2004)

• Maintained Reserve Policy at the corporate level.

• Reconciled AR accounts, Trade AR, Allowance and Bad Debt.

• Conducted AR Update conference calls with Field Financial Managers for Domestic and International Units.

• Prepared Schedule for Borrowing Base Certificate for Treasury.

• Drafted a procedure to Maintain and Process credit Memos, adjustments and Write Offs.

• Published Corporate AR Aging to all Business Segments.

• Analyzed and created reports for Monthly AR Executive Package.

Excel Federal Credit Union, Norcross, GA 30071 Feb 2002 – April 2003

Accountant

• Comprehensive financial experience in Accounts Payable/Receivable, ACH and Payroll.

• Performed daily reconciliations of checks and cash in seven branches and four corporate accounts of the credit union to ensure that all accounts up to $1.5 million were proper.

• Reconciled the balance of assets to the general ledger on a monthly basis. Developed and implemented policies to properly balance ATMs.

• Managed ATMs of eleven machines dealing with cash of $1 million.

• Reconciled ATM suspense accounts.

• Performed monthly account reconciliation to ensure balances on the books are properly supported by cash in bank or in hand.

• Management of 80-100 Home Mortgage loans using Microsoft Excel.

• Wired transfers on a daily basis for international and local wires.

• Daily reconciliations of home banking and balancing with the general ledger.

PROFESSIONAL CERTIFICATIONS AND EDUCATION

CPA candidate (have hours and work experience to sit for the exam)

Osmania University, Hyderabad, India / 2005

Masters in Business Administration

Graduated with 3.75 GPA

Stanley Degree College for Women, Hyderabad, India / 2000

Bachelors in Accounting

Graduated with 4.0 GPA

SYSTEMS/ APPLICATION SKILLS

• Advanced skills in Microsoft Excel (Hyperlinks, Vlookups, Pivot tables, charts, file linking, If statements) and Word, MS Access (creating tables and queries), Oracle 11i Financials, Revenue Recognition (SOP97-2), Black line, Hyperion Essbase, Monarch, Mercury Management, Business Objects, People soft 8.1, Great Plains, Quick Books and Quicken.

REFERENCES: Furnished upon request.

RESIDENCY STATUS: Citizen of United States.

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