Karthik
New Delhi
Summary of Career
1. As an MBA graduate, I have nearly 9 years of experience in the field of Procure to Pay, Vendor and customer Management, and Accounts Payable/receivable across different domains like Retail, Manufacturing and Business Process Services. Currently working with IBM as a Finance and administration Delivery.
2. I have an experience of working with accounts department of MNC and large corporate; Advanced level of MS Excel and working knowledge of Accounting Platform Like Accounts Payable/Receivable and Payment Planning.
3. Managing Procure to Pay Processing team which is responsible for accounting of goods and services through requisitioning, purchasing and receiving which denotes order sequence of procurement and financial process end to end
4. Responsible for Invoice Processing team activity such as save / post invoice in ERP, verify WHT, get it addressed and resolved with tax team. Post the invoices for payment, PO Process, Non - PO, credit note, Two-way Match and three-way Match, Email management and ERP Knowledge
5. Handling a part of Order to Cash Processing team which will be accountable for Order to Cash process. Booking the incoming payments with customer account
6. Preparing the BRS on Daily basis and co-ordinate with Local finance team and business client for suspense account balances
7. O2C cash application, process of applying unapplied cash, reconciliation of suspense account in cash application, process from Payment receipt to finalization, to check the customer name on incoming payments.
8. Preparation of net payable ageing report for payment plan, clearance of vendors opens item management
9. Responsible for compliance and day-to-day GL accounting of the entities assigned, expense claims, Inter-Company activities too
10. Review and post journal entries, analyze activity of balance sheet accounts, prepare variance analyses and perform account reconciliations
Experience as Business process lead
Tata Consultancy Services
08 September 2010
05 February 2018
AS INDIVIDUAL PROCESS CONTRIBUTOR:
? To understand the Procure to Pay cycle and consult with Procurement Teams for PO/Vendor Related issues
? Goods receipt creation by referring the valid proof of delivery and make a payment
? Managed vendors request against their credit memos, deduction and chargeback of their account
? Provided correspondence in response to denied payments (chargebacks); tracks progress until closed
? Categorized different type of vendors based on business volume and other specific parameters given by client
? Direct interaction and managed high priority escalations from the business clients
? Interaction with the vendor to understand the issues and identify the solution and implement the same
? Address the queries received from the external vendors/business contacts within the agreed SLA with appropriate responses
AS A TEAM LEAD:
? Managed Team of 16 people: This role includes Team support, Review of posted invoice and payments
? Work task and Workflow allocation with team members and ensuring delivery in agreed timelines
? Ensure that Team Productivity & Accuracy Trackers are maintained, reviewed and appropriate actions are taken to generate efficiencies
? To create enough backups within the team to ensure continuity, Lead the transitions, assist the team, and keep check on the action items, update the management accordingly on the issues and improvements.
? Managed projects: process improvements, organization change, systems implementations
? Random quality audit and make sure to maintain the quality of the process
? Process improvement and suggestion implementation to increase the team members productivity
? Consolidate the assigned task production report from all the team members and sent to the client
? Manage the volumes received for the day and work with the vendors / teams to meet the TAT
? Process documentation preparation and getting the approval from the client
? MIS weekly deck preparation for client call discussion
INTERNAL MANAGEMENT CONTRIBUTION:
? Quality audit and make sure to maintain the quality of the process
? Conducted Project Monthly Review (PMR) and participated in Quarterly Audit Review (QAR), maintained the internal requirement project document
? SOP and Process documentation preparation and get the approval from the client and management
? Ensure the Preparation of the Monthly Metric Reporting, Regional Finance Leads & Internal Dashboards and take actions to improve the health of the processes
Experience as Assistant Manager
Loyal textile mills ltd
07 February 2018
18 August 2018
? Preparation of net payable ageing report for payment plan, clearance of vendors opens item management
? Vendor’s payment plan on daily basics with GM Finance and Accounts Manager
? Responsible for compliance and day-to-day GL accounting of the entities assigned, expense claims, Inter-Company activities too
? Review and post journal entries, analyze activity of balance sheet accounts, prepare variance analyses and perform account reconciliations
? Team support, approaches, planning, and internal/external relationship management
? Involvement in process improvement initiative to drive process
? In charge for all accounts payable activities for the assigned entity
? Identify vendor issues or trends and update with management in timely manner, providing concrete examples for Management to review
? Reconciled vendor statements researched, corrected discrepancies, creation of debit memos, advance payment clearance and vendor account clearances
Experience as Team leader
IBM GLOBAL SERVICES INDIA PVT LTD
12 September 2018
Team Lead / IBM India Pvt Ltd., Gurgaon
CLIENT MANAGEMENT ACTIVITY:
? Capturing data associated with SLAs and provide necessary reports to management and Client
? Preparation of dashboard reports required by management, business client, audit responses, compliance reports, risk tracker, employee performance reviews and others as assigned
? Preparation of process documents and knowledge bank, as well as meeting Client Deadlines on Ad-hoc basis
TEAM ACTIVITY:
? Guide the new team members to meet the required standards, identify training and development needs of the team and communicate with the training process specialist for the fulfilment of their needs
? Creative development of team incentives to ensure team motivation,
regular communication with team through team meetings, one to ones and day to day contact
? Competence in Windows based tools (Outlook /Word/ Excel/ PowerPoint) Escalation management and complaint handling
P2P TEAM:
? Managing Procure to Pay Processing team which is responsible for accounting of goods and services through requisitioning, purchasing and receiving which denotes order sequence of procurement and financial process end to end
? Responsible for Invoice Processing team activity such as save / post invoice in ERP, verify WHT, get it addressed and resolved with tax team. Post the invoices for payment, PO Process, Non - PO, credit note, Two-way Match and three-way Match, Email management and ERP Knowledge
? Review of invoices and requisitions for satisfactory payment approval
? Preparation of net payable ageing report for payment plan, clearance of vendors opens item management
? Assist and involve month end and year end closing activities and accrual process
O2C TEAM
? Handling a part of Order to Cash Processing team which will be accountable for Order to Cash process. Booking the incoming payments with customer account
? Determining Financial income by collecting operational Data / Reports, whilst conducting Analysis and Reconciling transactions
? Preparing the BRS on Daily basis and co-ordinate with Local finance team and business client for suspense account balances
? Responsible for Cash Applications where team ability to perform day- to- day operations while maintaining SLA. Solving queries related to cash applications and coordination with customers
? O2C cash application, process of applying unapplied cash, reconciliation of suspense account in cash application, process from Payment receipt to finalization, to check the customer name on incoming payments.
? Identify the customer and invoices to be applied and check if it is partial payment or full payment. You will have to apply ERP against the customer invoice
Master 30 June 2010
Master of business administrationBachelor 30 June 2006
Bachelor of commerce