Boovan Kannan

Experience

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  Modi and Modi Associates (CA Firm)

  Apr 2011 - Jul 2013

  Senior Audit Assistant

  𝑲𝒆𝒚 𝑹𝒆𝒔𝒑𝒐𝒏𝒔𝒊𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔 –❖ Conducting Audits and Assurance Services: Led and executed statutory audits for a diverse client base, ensuring compliance with accounting standards, regulatory requirements, and company policies to provide clients with accurate and reliable financial statements.❖ Reviewing Financial Statements and Reports: Reviewed financial statements, balance sheets, profit & loss statements, and other reports, ensuring accuracy and completeness in accordance with applicable auditing standards and financial regulations.❖ Identifying Risks and Internal Control Gaps: Conducted risk assessments and identified internal control weaknesses, providing recommendations for improvements to enhance operational efficiency and mitigate financial risks.❖ Managing Client Relationships: Maintained and developed strong relationships with clients, serving as a primary point of contact for audit inquiries, providing clear explanations of audit findings, and offering actionable advice on financial management.❖ Supervising and Mentoring Junior Auditors: Supervised junior auditors and staff, providing training, guidance, and mentorship to ensure high-quality audit work and professional development within the team.❖ Preparing Audit Reports and Presenting Findings: Prepared comprehensive audit reports, presenting findings and recommendations to senior management and clients, ensuring that all audit issues were addressed and resolved effectively. Show less

• 

  NAT TECHNOLOGIES PRIVATE LIMITED

  Aug 2013 - Oct 2015

  Senior Associate

  𝑲𝒆𝒚 𝑹𝒆𝒔𝒑𝒐𝒏𝒔𝒊𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔 –❖ Overseeing Financial Operations and Reporting: Managed the overall financial operations, ensuring accuracy and completeness in all financial records and reports, enabling informed decision-making by the senior leadership team.❖ Financial Planning and Budgeting: Led the preparation and analysis of annual budgets, aligning financial objectives with company goals, and ensuring efficient allocation of resources to support business growth and profitability.❖ Managing Cash Flow and Financial Stability: Monitored cash flow and working capital, implemented strategies to optimize liquidity, and ensured the financial stability of the company by forecasting cash needs and managing cash reserves effectively.❖ Supervising Accounts Payable and Receivable: Directed the accounts payable and receivable functions, ensuring timely payments and collections, maintaining accurate aging reports, and minimizing overdue balances to maintain healthy cash flow.❖ Leading Financial Reconciliation and Reporting: Oversaw the reconciliation of accounts, including bank, intercompany, and vendor accounts, ensuring consistency, accuracy, and compliance with regulatory standards for financial reporting.❖ Ensuring Tax Compliance and Reporting: Managed tax planning and compliance, ensuring accurate calculation and timely filing of tax returns, including GST, TDS, and other relevant taxes, reducing the risk of penalties and ensuring adherence to tax laws.❖ Financial Systems and Process Improvements: Enhanced financial processes and systems, implementing best practices and automation solutions to streamline accounting workflows, improve reporting accuracy, and increase efficiency within the finance department.❖ Supporting Audit and Internal Controls: Coordinated internal and external audits, ensuring timely and efficient audits while addressing audit findings, and strengthened internal controls to safeguard company assets and ensure regulatory compliance. Show less

• 

  GE

  May 2017 - Nov 2018

  GSC Enterprise Standards Analyst

  𝑲𝒆𝒚 𝑹𝒆𝒔𝒑𝒐𝒏𝒔𝒊𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔 –❖ Cash and Bank Voucher Verification: Managed the booking and verification of cash and bank vouchers, purchase orders, and invoices, ensuring accurate financial transactions and adherence to company policies.❖ Accounts Reconciliation: Conducted regular reviews of account reconciliations, identifying discrepancies and making necessary corrections to maintain the integrity of financial data.❖ Vendor & Asset Code Creation: Created asset codes and vendor codes in the system, streamlining the accounting process and ensuring proper categorization of financial entries.❖ Payroll Processing & GL Reconciliation: Oversaw payroll processing, accounting, and general ledger reconciliation, ensuring accurate payroll distribution and alignment with financial records.❖ Automation Projects (Bot & VBA Macros): Led the development and implementation of Bot and VBA macro automation in multiple projects, significantly improving operational efficiency and reducing manual intervention.❖ Employee Cost Statement Preparation: Prepared detailed employee cost statements, categorizing expenses profit centre-wise, to support budget analysis and financial forecasting.❖ Asset Accounting Management: Managed asset accounting processes, including material code creation, expense capitalization, asset retirement, and physical asset verification to ensure compliance and accurate financial reporting.❖ Audit Support: Assisted both internal and external audit teams in evaluating and assessing accounting systems, ensuring compliance with regulatory standards and contributing to audit readiness.❖ Ledger Balance Verification & Adjustments: Verified ledger balances, made necessary corrections, and analyzed prepaid and provision entries to ensure the accuracy and completeness of financial records. Show less

• 

  Genpact

  Dec 2018 - Nov 2020

  Assistant Manager
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  KBR, Inc.

  Dec 2020 - now

  𝑲𝒆𝒚 𝑹𝒆𝒔𝒑𝒐𝒏𝒔𝒊𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔 –❖ Driving Financial Performance with Comprehensive Variance Analysis: Spearheading variance analysis across Cashflow, P&L, and COGS, providing senior management with in-depth financial insights, facilitating proactive decision-making, and ensuring projects remain on budget and schedule.❖ Ensuring Timely Financial Closures and Accurate Reporting: Managing the seamless execution of month-end and quarter-end financial closures, including processing PO accruals and prepaid amortization, contributing to accurate financial records and meeting tight deadlines for management reporting.❖ Optimizing Accounts Receivable and Cash Flow: Streamlining invoice preparation and maintaining detailed aging reports for accounts receivable, driving improvements in cash flow management, and ensuring project cash inflows align with expected timelines and budgetary forecasts.❖ Coordinating Project Set-Up in SAP and WBS Creation: Leading the project setup process in SAP, including creating and integrating Work Breakdown Structures (WBS) for new work orders and contracts, ensuring efficient project tracking, cost allocation, and alignment with project goals.❖ Enhancing Budgeting and Forecasting Accuracy: Playing a critical role in forecasting and budget analysis, comparing actual financial outcomes to budgeted figures, providing critical feedback to project teams and management on cost overruns or savings, and refining future financial projections.❖ Implementing Revenue Recognition Best Practices: Preparing detailed Revenue Recognition Evaluation Templates (RRET) for newly awarded contracts, ensuring compliance with industry standards, and aligning revenue recognition practices with contractual terms and financial reporting regulations. Show less 𝑲𝒆𝒚 𝑹𝒆𝒔𝒑𝒐𝒏𝒔𝒊𝒃𝒊𝒍𝒊𝒕𝒊𝒆𝒔 –❖ Managing Complex Account Reconciliations for Project Accounts: Leading the preparation and reconciliation of project accounts, proactively identifying discrepancies and resolving issues to maintain accurate financial reporting for multiple, large-scale projects.❖ Providing Strategic Margin Analysis Across Projects: Conducting detailed margin analysis across diverse projects, advising management on cost containment, profitability improvements, and pricing strategies, playing an essential role in driving financial performance optimization.❖ Enhancing Project Cost Control with Sub-Contractor Management: Managing the costs and billing for multiple sub-contractors across various work orders, ensuring costs are tracked accurately, payments are processed efficiently, and the financial integrity of each project is maintained.❖ Supporting Financial Audits and Compliance Efforts: Actively contributing to SOX and financial audits, preparing key documentation, and ensuring project cost reporting, tax, and compliance practices meet all regulatory and internal audit requirements, mitigating risk and reinforcing company governance. Show less

  • Project Cost Controller

    Dec 2023 - now

  • Senior Accountant

    Mar 2023 - Dec 2023

  • Accountant

    Dec 2020 - Mar 2023