1. Somasekhar Reddy T #25-26, 3rd Cross,
Marathahalli,
Bangalore – 560037.
Mobile:+91-9886506254
+91-7619112876
Mail: somureddy84@gmail.com
CAREER OBJECTIVE
To become a successful member of an Organization that gives ample opportunities to
prove my skills and contribute towards its growth.
WORK EXPERIENCE- Having 8.5 years of experience in Finance domain
Key Skills:
Budget and Forecast
US GAAP
Audit
Balance sheet reconciliation
Management Reporting
Cash flow and Fund flow
Offshoring
Working as a Associate Manager- Finance with Harman Connected Services
Corporation India Pvt Ltd, Bangalore from Aug 2012 to till date.
Responsibilities
Responsible for building & preparing the Annual budget, Forecast and tracking
the actual performance against Budget and Forecast including Variance Analysis.
Preparation of Product wise & Business Unit wise profitability analysis and report
the same to the Project Managers and Management.
Responsible for uploading the budget and forecast data into the ERP system and
develop reporting packs to allow actual vs. budget reporting.
Responsible for preparation of Monthly, Quarterly & Annual Financial Statements
pack along with explanation for the variances in comparison with the Budget &
forecast numbers.
Review and finalise revenue schedules month on month and provide the in-detail
explanation for the variances to management.
Responsible for Customers and Customers Contracts data base.
Tracking/Reviewing new contract order deals and reporting to management on
weekly basis.
Review and signing of utilization report specific to Professional Services on weekly
basis and reporting to project managers.
Finalise T&M/DRM reports on monthly basis and report to the Project Managers
for signoff.
Responsible for preparation of Transfer Pricing schedules on monthly basis.
Responsible for preparation of TAX packs as per local statutory requirements.
2. Reviewing/Tracking Commission accruals/payments for Sales/Account
Management team.
Responsible for US GAAP- Accounting of revenue and cost.
Assisting in all the ad hoc queries from the clients.
Involved in a Financial Due Diligence of an acquisition in reviewing the financials
and contracts.
Other Activities
Team management.
Process standardization and Participating in monthly Global calls.
Worked as a Senior Finance Executive with XCHANGING Pvt Ltd, Bangalore from
Oct 2011 to July 2012.
Responsibilities
Reviewing of contracts, SOW’s, change orders and issue invoices to customers as
per contract term.
Preparing MIS reports on Monthly/Quarterly/Annual basis.
Preparation of Project profitability report on monthly basis.
Sending Payroll Inputs to HR and Processing the Payroll.
Vendor Invoice & payment processing.
Preparation of Cash flow statement on weekly basis and cash forecasting for next
3months.
Preparation of Schedules to Balance sheet.
Bank Reconciliation.
VAT Filing on Quarterly basis.
Posting of provision and unbilled revenue entries for cost and revenue.
Working on Intercompany cost transfers and Sending the IC Balance confirmation
and clearing if any mismatches are there.
Verifying employee expense claims and reimbursing.
Working with Audit compliances & handling queries with related to audit team.
Other Activities
Exposure to cross-functional teams including Legal, Tax, Business Finance during
contract structuring & finalization.
Training new joiners.
Adhering to SLA.
Worked as a Senior Process Associate Finance &accounts with Thomson Reuters,
Bangalore from March 2010 to Oct 2011.
Responsibilities
Preparing and reviewing accruals, prepayment journals and Inter Company
journals.
Payroll review and accounting.
Reviewing Bank and Balance sheet Reconciliations.
Filing VAT Returns on monthly basis.
3. Clearing bank and Balance sheet open items.
Posting Journal entries to RL Ledger group as per statutory requirement.
Resolving the queries received from Auditors, Controllers and from other
departments regularly and effectively.
Exposure to SOXA environment.
Other Activities
Process documentation & standardization.
Training new joiners.
Coordinating with other teams (AP, AR, IC)
Worked as Junior Accountant with MphasiS, an EDS Company Bangalore from
December 2007 to November 2009.
Responsibilities
Passing Journal Entries (Revenue Accrual, Expense Accrual, Deferred Revenue,
Pre-paid setup & Amortization & Intercompany Accruals) for a whole account.
Preparing the Balance Sheet Reconciliation on monthly & Quarterly basis.
Preparing the CAPEX spend report & variance analysis (MIS Reporting).
Preparation of AIM (Asset Inventory Management) Reconciliations.
Works with CDE (Client Delivery Managers)for booking the revenues on an
monthly basis.
Understanding the Revenue & cost structures of the projects for accounting &
reporting.
Maintaining relationship with Counter parts by handling queries regularly &
effectively via conference call, net meeting, e-mail.
Mapping Journal Entries that were posted in Sub system to SAP.
Exposure to SOXA (Sarbanes Oxley) environment and adhering to EDS-SLA.
Achievements:
Played a Key role in changing the EDS Balance Sheet Reconciliation formats to HP
formats as per HP accounting policies.
Appreciations from the customers of EDS in completing the work in time.
Recognized as the Best Performer for the Q2-08 and rewarded with a Certificate
of excellence.
TECHNICAL SKILLS
Exposure : MS-Office, SAP BPC (Business Planning and Consolidation) and EPM
(Enterprise Performance Management)
Cadency
Operating system : Windows
ERP : SAP (FICO), Microsoft Dynamics GP
Understanding the client business process.
4. EDUCATIONAL QUALIFICATION
Course / Degree College / University Year of Passing
MBA (Finance) S.V. University, Tirupathi 2007
B.COM S.V. University, Tirupathi 2004
PERSONAL DETAILS:
Date of Birth : 23rd
May 1984.
Languages Proficiency : English, Hindi, Telugu and Tamil
Father’s Name : T. Chandrasekhar Reddy
Permanent Address : #1-140, Velkur (Village & Post), G.D Nellore mandal,
Chittoor (D.T), Andhra Pradesh -517125.
Passport No : G7044236.
Martial Status : Single
Interests : Sports, Music, Travelling.
Date :
T. Somasekhar Reddy