Shivakumar P, PMP®

Experience

• 

  Oracle

  Jul 2012 - Dec 2014

  Project Accounting analyst

  •Setting up of Project and maintaining consulting business projects•Maintaining project related records, including contracts and change orders•Booking the project based on the contract value signed by the customer•Validating the Project Time and Expenses and reporting to the project leadership team•Authorize the transfer and adjustment of Time and Expenses into and out of project-related accounts•Working on Cost and Revenue Accruals•Analyze and balance unearned and un-billed revenues monthly•Recognizing revenue using various methods - time and materials, fixed fee•Billing clients from detail transactions and milestones•Prepare invoices, ensuring they reconcile to revenue and system reports•Review contract terms and limits to ensure prompt payment of invoices by the client•Prepare and validate credit notes and re-bill issued to the customer•Reviewing and using the proper way to process the credit notes which will be accepted by the customer to receive payment without any delay•Interfaces Revenue, Invoices and Credit Memo and re-bill to AR•Coordinating with AR and GL for posting revenue and invoice batches•Ensure all the invoices in project are paid before closing the project and all the labor hours and expenses are billed to the customer Show less

• 

  Deloitte

  Jan 2015 - now

  Senior Consultant, Engagement Financial Advisor

  •Effective people management skills, currently reviewing the activities of a team of resources•Account planning across functions and Market offerings•Risk mitigation and publishing dashboards of individual projects to leadership•Responsible for maintaining account level dashboard and assist team members to maintain KPIs on individual projects, Account/Business performance in comparison with competitors, Account profitability and, Project performance•Provide guidance and assistance to a large team and help align individual goals to the practice•Perform Pricing with the help of budget & forecast mix using pricing models for the Engagement teams•Create, maintain and monitor key elements through the life of the engagement.•Provide financial ergonomics and health to the leadership through various analysis reports including Account Level Reporting•Advise the project teams, clients and senior management by identifying key performance indicators, cost-effective processes, staff allocation, and provide analysis at various project stages•Coordinate with cross functional departments and provide update on projects in weekly meetings to cut down project risks and cost•Manage and monitor the budget, provide expenditure and time frame projections along with detailed Expense audits•Create variance analysis report to understand the impact on the Actuals vs planned forecast•Perform analysis to ensure there is no fees and expense overage as compared to the Contracts•Advice Engagement team on potential financial risk associated to the engagement•Implement Engagement financial processes utilizing firm financial management tools•Manage and create reports to facilitate time to time cost & expenditure dynamics for the benefit of the Engagement•Conduct project/financial closeout activities including preparation, issue of final invoice, unbilled adjustments, subcontractor payments and Client billings and collections. Show less