Financal Analyst II
Alight Solutions
مجموع سنوات الخبرة :12 years, 0 أشهر
Post customer payments by recording electronic and check transactions.
Updates receivables by totaling unpaid invoices.
Processing Customer payment Refunds.
Working capital improvement - ensure account balances sanity by reviewing cash and credit balances with the collectors and ensuring relevant reconciliation and escalations are completed to reduce these balances.
Summarizes receivables by maintaining invoice accounts, coordinating monthly transfer to accounts receivable account, verifying totals, and preparing reports.
Report Daily cash collection to management.
Ensure daily recons are performed for payment received in the bank versus the cash applied in Workday (WD). Ensure system and General Ledgers (GL) are aligned.
Full compliance to all policies and adherence to proper controls.
Collaborate with various stakeholders (Billing, Finance, Tax, Collections) to perform cash application and resolve queries of external customers.
Ensure data integrity of all financial information within the financial statements and reports including identification of variances.
Preparation of AR accounts GL reconciliation reports.
Prepare ad hoc reports such as Manual Bank Reconciliation reports and
Debtors reports to address operational issues or provide visibility.
Conduct quality audits within the team to ensure accuracy and efficiency.
Provide support during internal and SOX audits as required.
Accounts Receivable:
Verify daily receipts through the bank portal to ensure accurate financial records.
Appropriately allocate received funds to corresponding invoices for proper documentation.
Process incoming mail related to billing and invoicing, addressing any discrepancies.
Communicate with management to resolve issues encountered in the Accounts Receivable process.
Manage special billing situations, including pro-forma invoices, advances, pre-payments, netting and cross company transactions.
Upload Bills of Exchange (BOE) to the bank on a weekly basis.
Oversee critical activities such as direct debit and balance financing.
Ensure the clearance of General Ledger (GL) accounts before the financial closing.
Perform monthly reconciliation of factor accounts and prepare the factor reconciliation report.
Finalize and close the factor accounts to maintain accurate financial records.
Accounts Payable:
Maintain a comprehensive record of daily Accounts Payable (AP) and Accounts Receivable (AR) invoices,
ensuring accuracy and updating as necessary.
Prepare escalation reports and Due Diligence Letter (DDL) reports and manage the allocation of cash receipts and payments.
Conduct reconciliation of intercompany accounts to ensure accurate financial reporting.
Request Statements of Account (SOA) from various intercompany entities for reconciliation purposes.
Send out monthly or weekly Statements of Account (SOAs) to relevant parties.
Verify delivery receipts and purchase orders to confirm transaction details.
Verify customer bank details and request official documents for validation purposes.
Facilitate payments to customers, agents, as well as for Freight and Hire Invoices.
Raise queries against invoices as needed to address discrepancies or clarify information.
Monthly processing of supplier discounts on a regional basis.
Coordinate with the accounts department to deduct supplier discounts accurately each month.
Prepare reports to provide management with insights into the current status of branch business operations.
Manage accounts receivables, payables, and aging reports as required.
Review journal entries, ledger entries, bank statements, and inventories to ensure the accuracy of financial records.
Verify the balance sheet data related to specific assets and ensure the accurate representation of their values.
Analyse bank reconciliation statements and cash flow statements for financial assessment and decision-making purposes.
Calculate agreement value, service tax, VAT and interest.
Issue sales agreements, allotment letters, demand letters and No Objection Certificates (NOC) to clients.
Generate client invoices and ensure timely payments by sending reminder letters.
Record daily payments and provide receipts to clients for accounting purposes.
Prepare various Management Information System (MIS) reports and distribute them to the manager.
• Prepare Profit & Loss Account and Balance sheet.
• Updated the reports and sending it to Senior Accountant.
• Finalize the statements and submit to the Senior Accountant.
MBA (Finance & Marketing) under Bharathiar University secured 58% (2008-2010) Post Graduate Diploma in Entrepreneurship
• Bachelor of Commerce (B.Com) under Calicut University secured 51% - (2004-2007)