Venkatesh Malakari

Experience

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  Siemens Technology and Services Pvt. Ltd

  May 2011 - Nov 2014

  Senior Officer Process | Global Projects |Optimizing South Africa and EMEA Region Transitions|

  Roles and responsibilities in Cash and Bank Process: •Total control of GL Reconciliation– Ensure that the bank statement import occurs at the relevant times on a daily basis. Take corrective action should this not occur. Posting and accounting for cash receipts daily reconciling of bank account with general ledger Responsible for monitoring Interims, clearing GL accounts and posting difference types of General ledger vouchers on daily basis•Follow up on unmatched items and ensure that reconciling items are allocated and cleared from the recon lists. Resulting in bank reconciliation clear of un-reconciled items and maintains working relationships with the various business lines to enable timeout clearing or reconciling items•Preparation of Bank Reconciliation Statement on daily and monthly basis. Month end processes and Ensure accurate month, quarter and annual closing of the balanceRoles and responsibilities in AR (O2C):•Cash application process: Involves allocation of different modes of payment made by Customer •Meeting customer requirements\Expectations by maintaining the TAT and providing an immediate resolution to the queries•Performing Dunning Activity and Clearing the customer invoices in SAP as per their payment.•Preparing ageing report for all the Customer outstanding payments and sent to respective BA & BU for further action. Maintaining customer master data (CMD)Process Transition Experience:•Successfully Transitioned new GL and reconciliation process for different countries like South Africa and EMEA region countries like Kuwait, Lower Gulf and Egypt etc•Stabilized the process without any process issues by weekly meeting with clients. Maintained accuracy & efficiency with zero errors•Monitoring process activates with performed by team members & conduct training sessions if any knowledge gap. Show less

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  AIG

  Nov 2014 - Feb 2022

  Junior Manager - Life & Retirement Subject Matter Expert | SAP BPC Support | Financial Systems |

  • Experience in Analyzing business requirements, Customization, Configuration, Process mapping, Integrating, Testing, Documentation and End User Training.• Having exposure to configuration and support in the areas of FI-GL, FI-AR, FI-AP, FI- AA and Integration of FI.• Hands on experience in Document Splitting, Parallel Accounting (Additional Ledgers), Segments, Accounting Principles and Real Time Integration of New G/L.• Worked on ASAP methods of project preparation to identify business objectives to integrate industries, blueprint of the company requirements, realization of the configuration or proof of concept, final preparation of testing, interfaces, conversions, reporting, training, and the go live and support.• Work on BPC - Daily system uploads (INT) and reconciliations at the consolidation level.• Perform majority of the processes from SAP (or local INT) to MJE• Conceptually good at configuring Procure to Pay (PTP) and Order to Cash (OTC) in SAP.• Well versed with SAP’s ASAP Methodology and business process mapping & configuration in SAP.• Knowledge of FI sub-modules General Ledger (FI-GL), Accounts Payable (FI-AP), Accounts Receivables (FI-AR) and Asset Accounting (FI –AA).• Resolve and document issues in production and testing environments• Analyze and reconcile financial transactions between SAP and various admin systems• Support development of ad hoc reports to aid reconciliations• Review interfaces processed in SAP to ensure all transactions processed without errors.• Analyze the errored out transaction and take appropriate actions per the specifications.• Develop and maintain other reports using MS Excel and MS Access• Strictly adhere delivering time lines.• Perform other tasks, responsibilities, and projects assigned. Show less

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  Elanco

  Jan 2024 - now

  • Bringing expertise in seamless data migration from BPC to OneStream, with a comprehensive understanding of OneStream's Consolidations. Proficient in managing data migration with a keen focus on accuracy and consistency, leveraging diverse integration methods between systems.• Skilled in strategizing setup, executing rigorous Application Lifecycle Management testing, and successfully navigating simultaneous operation of systems during critical periods. Embracing the challenge of introducing a new system, contributing significantly to team accomplishments.• Dedicated to continuous monitoring of OneStream's post-implementation performance, adept at identifying optimization areas and enhancing system efficiency through adaptive configurations and processes.• Collaborates effectively with stakeholders at global, regional, and local levels—Process Owners, Power Users, Business Users, and Service/Release Managers—advocating for their needs. Proficient in evaluating and prioritizing solutions aligned with business objectives and IT standards. Extensive collaboration with departments such as Affiliates, ECAR, FP&A and Internal Partners to drive compelling business cases and champion process improvement and innovation. Show less • Managed complex global master data processes, ensuring accurate and timely preparation and maintenance of BPC dimensions like Products, Account, Cost Center, Interco etc adhering to regulatory requirements and internal regulations.• Processed master data tickets per SOPs, SLA timelines, and KPIs, coordinating setup and maintenance across global units and diverse cultures.• Developed functional understanding in Data Quality and master data management, with in-depth knowledge of SAP systems.• Handled Pharma product/Regulatory/Artwork data, maintained finance master data, and reviewed data mappings and data package loads.• Created and maintained master data, including entities, dimensions, intercompany trading partners, and logic scripts.• Led BPC data loads, Package Links, and master data updates from S4 to BW/BPC, built BPC hierarchies, and managed data loads.• Ensured S4 and TCS source tie-outs, supported Corporate FPA team in data migration, and integrated new tools for financial system efficiency.• Developed and maintained BPC reports, successfully automated data verification using Alteryx, and implemented Alteryx for efficiency in Finance Operations.• Organized testing projects, managed data loads and PRV calculations, and coordinated with teams for master data queries and reports.• Supported close of books for external reporting, communicated process flows, and collaborated with global, regional, and local Business Partners.• Investigated proposed solutions, managed ERP reporting projects, and stayed informed about upcoming technical advancements.• Collaborated with various teams, drove business cases, and promoted process improvement and innovation.• Demonstrated Data Controls experience, continuous improvement initiatives, root cause analysis, and project management skills.• Managed IT processes, troubleshooting, and issue resolution, and identified, implemented, and monitored process improvement initiatives. Show less The Emerging Leaders Program (ELP) is dedicated to cultivating high-potential individual contributors into the leaders of tomorrow, empowering them with the confidence and skills to lead even without a formal title. The comprehensive curriculum centers on fundamental leadership principles, emphasizing core essentials such as effective communication, adept handling of feedback, navigating crucial conversations, implementing influential strategies, and embodying Elanco's cultural values.🔸 Focused on enhancing communication skills to foster clear and impactful messaging, promoting effective collaboration within teams.🔸 Encourages participants to delve into insightful explorations, fostering a deeper understanding of industry dynamics and organizational intricacies.🔸 Provides a framework of essential principles and interaction guidelines, shaping participants into adept navigators of diverse professional scenarios.🔸 Equips individuals with the tools to lead themselves effectively in various situations, promoting adaptability and resilience. Show less

  • Manager - EDO | OneStream Implementation | Driving - Data Excellence at Every Turn 🔀|

    Mar 2024 - now

  • Associate Manager - VCoE MDA | SME - BPC Consolidations | Data Analytics |

    Feb 2022 - now

  • Emerging Leaders Program - 2023

    Jan 2024 - Mar 2024
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  Elanco

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  Senior Manager at Elanco | Business Transformation | Driving Data Excellence