Sunita Yashawant

• Capitalization of Fixed Assets (Coordinate with financial analysts and project managers for CIP related project capitalization).
• In-transit Transaction follow-up on time basis.
• Checking expense related items and notifying to Accounts Payables team to correct accounting string.
• Reviewing expense accounts on timely basis and notifying to Accounts Payables team to correct accounting if anything related to FA.
• Performing FA maintenance activities.

(Cost Adjustments/Retirements/Transfers/Location/Life/Cost center/Custodian change requests)

• Month close activities (Depreciation run, Journal creation, manual journals)
• Analysis of Depreciation calculation and find out reason for unusual variance before close.
• FA In-transit, FA cost and FA Reserve account reconciliation
• Monthly and Quarterly report preparation.

(FA Roll-forward, FA Footnote, Flux, Cashflow report, Unpaid Report)

• Quarterly Balance sheet review calls with local finance team/Controllers
• Supporting Internal and External Audit queries (FA schedule preparation, providing supporting for selected samples, explaining process if required.
• Physical verification of Fixed assets (70K+ assets)
• Mentored junior analysts in best practices, helping them develop their skills and knowledge, ultimately improving overall team performance
• Developed customized reports for stakeholders, leading to improved decision-making (Standardized reconciliation formats globally, created global CIP tracker, Depreciation trend analysis file, FA Cashflow file)
• Supported successful implementation of cloud ERP by serving as subject matter expert during planning and execution phases
• Handle APAC/AMER FA activities alone for year in absence of supervisor and senior team member.

Worked for NetApp India Pvt ltd

Daily activities:

• Raising Manual Trade Invoices.
• Processing / Approving of Financial AR Adjustments as per SOX guidelines.
• Correction of Interface errors in timely manner and accurately.
• Preparing reconciliations for all AR accounts with GL and identify and close open items if any contributing for reconciliations under Records to Report (RTR)
• Training new joiner to team and helping other team members when confronted with issues.
• Managing team in absence of team lead and ensuring that deliverables are met.

Month-end books closure: Closure of ERP AR (Reporting team) Books. Month-end Reporting calls with GPO’s & Client

• Monthly closure of Oracle ERP AR Book on time and thereby loading data to GL for consolidation.
• Creating LOAR (Loss on Accounts Receivables) based on Company policy and analyzing same and reporting to General Ledger Controllers.
• Making monthly analysis of aging of receivables and reporting same to General ledger controllers under Records to Report (RTR).
• Processing of accrual journals and Prepayment entries.
• Receipt accounting journals.
• FX correction Journals and Reclassification Journals.
• Monthly Revaluations and FX gain or loss accounting journals
• Interface of receivable transactions to general ledger module on daily basis.

Reporting:

• Driving of Interlock, Balance sheet review, Potential exposure calls with regional controllers & Global process Owners.
• Supporting external auditing done for Bangalore delivery Centre
• Submission of quarterly Balance sheet risk items to corporate.
• Balance validation on asset & liability accounts where we have huge swing.

Opposite balances validations and submitting the report to corporate on quarterly basis.

MEA Reconciliations Team

Reconciliation: Preparation & Certification of Balance sheet accounts

· Reconciliation: Preparation & Certification of Accounts payable, Accounts Receivable, Bank, Intercompany, FA, Inventory and Revenue account.

· Identify the reasons causing variance in reconciliations, classify financial impact and find out the root-cause for the same.

· Do comprehensive analysis and rigorous follow-up with respective stakeholders for settling / rectifying the variance.

· Maintain a track of open reconciling items and do consistent follow-ups with action owners before they go into ageing.

· Responsible for providing regular update on open reconciling items to Controllers, Management and other process owners as necessary.