Bala Shankaran

Experience

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  Rentokil Initial

  Apr 2009 - May 2010

  Executive- Finance & Accounts

  In charge of companies Credit Control, Account Receivables-Accounting day to day Collections, Preparing Credit/Debit Notes, Debtor AdjustmentsPreparation of Foreign Remittance and other Banking transactions.Maintaining Corporate BRS.

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  ADP Solutions Pvt ltd

  Jun 2010 - May 2015

  Senior Executive- Finance & Accounts

  Payables:Preparing and Verifying the Monthly Journals (Prepaid, FA, Provisions) in the NavisionPreparing the payment vouchers and posting them in NavisionPreparing TDS workings and Service tax workings and their challans (Once in a month)Preparing Payments through online/upload and Preparing Company BRS weekly basisStatutory Compliance:Preparing the monthly PF returns and uploading them onlinePreparing the PF claims, transfer and sending them to PF office (monthly)Preparing the monthly service tax reverse charges worksheetPreparing the e-TDS return (Form 24 & 26) in Saral software and uploading it in Traces (quarterly) and Generating Form 16A for Vendors every quarter using Saral and TracesCalculating and Payment of the quarterly advance tax and Professional tax (Half yearly)Preparing the work sheets and getting ready with the required documents for Income Tax hearing and coordinating with the auditor for hearing (When hearing comes)Payroll:Checking the flexi bills submitted by the employees with the FBT Sheet and Preparing the Employee Master, FBT sheets, Expenses summary, Payroll sheet, Shift details, HR inputs, payroll reconciliation, Food voucher details, Calculating Tax and salary JV sheetUploading the salary payment online.Monthly Closure:Preparing the Incentive provision, PL working, Provision, Prepaid schedule & FA registerUpdating the Realization, Forex & GBP restatement sheetPreparing the monthly reports to be sent to U.K. (Headcount report, R & D Cost report, cost center report, bank balance sheet & capex report)Audits:Providing the documents and statutory records to the auditors and Closure of all the audit points raised by the auditors and Preparing the draft audit report Adhocs:Getting involved in budget preparation and Preparing the client contracts (Annually) Show less

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  Wolters Kluwer ELM Solutions

  May 2015 - Apr 2017

  Senior Executive - Finance and Accounts

  • Administered everyday operations for managing accounts according to company procedures.• Assisted Sr. Finance manager and worked with external auditors to prepare financial reports• Developed financial policies and procedure and ensured effective implementation.• Preparing Monthly Expense Variance Analysis• Month Closure Activities (Updating Amortization, FA, B/S and P&L Recon)• Preparing Sales Invoice & Softex Filing• Statutory Filing (TDS, ST Return & Refund, VAT). Show less

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  Shell

  May 2017 - now

  • Performing Month close activities such cost & revenue accruals, cost re-classes• Master reference data is maintained to enable robust cost/financial management decisions, assess and ensure that proper procedures are followed, and controls are in place, in compliance with Group policies• review Assessment cycle setup (Annual / Correction)• Deliver relevant MI for adequate business decisions, Ensure timely recovery of function cost recovery• Supporting in Planning and Latest Estimate process• Providing an ad-hoc financial analysis/modeling to support business decisions• Providing guidance on billing processes to ensure efficient and accurate invoicing• Analyzing the under-recovery position and receivables position• Supporting the billing, managing the query and resolution of outstanding by initiating Engagement Confirmation processes. For Improvising the Function –• Ensuring the financials are in line with company policies and procedures.• Ensuring controls are in place and in compliance with Group policies• Maintaining close relationship with Finance colleagues in various processes to ensure achievement of common objectives are met in a most efficient and effective manner• Maintaining financial control as well as consistency of standards and processes in a complex environmentSpecial Approaches: -• Building and maintaining connections and relationships with stakeholders within communication and articulate clearly financial concepts to them.• Using the structured approach, thinking ahead in terms of upcoming deadlines and challenges, and resulting needs for engagements and preparations to demonstrate strong process mindset in driving efficiencies. Show less

  • Standards & Compliance Analyst

    Aug 2021 - now

  • Finance Analyst

    May 2017 - Jul 2021