Mahesh Edigoti

Experience

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  HP

  Sept 2008 - Apr 2010

  Finance Executive

  Functioned as a Finance Executive for NESTLE NA Process.Carried out operations such as:Invoice Processing (PO / Non-PO), Expense Claim Processing, Vendor Management.Employee Reimbursements, Accruals, and AP Reconciliations Imparting training to new resources, Query, and Resolution Management.Process the Rush Invoices.Process the royalty and special handling Invoices.Cross-functional trained on Accounts Receivable and Procurement

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  Electronic Arts (EA)

  May 2010 - Jun 2017

  GL Accountant

  Cash Bank Reconciliations UK Northern Region and NordicsFixed Assets Accounting for the UKVAT Calculations and Returns for EuropePrepare VAT, TAX, and ICO Netting for UK, IR, DE and NordicsPrepare P&L A/c and Balance sheet on a Monthly, Quarterly, and Yearly basis for the UK, IR, and NordicsSupport to the Statutory Audit team and External Audit.AP GL Reconciliations for Germany, Nordics, and the UKRun the Accrual reports and Revaluation Reports.Control Files for Playfish, Chillingo, and ClickGamerBS Templates and Oracle HFM Tie-outs for Playfish, Chillingo, and ClickGamerStreamlined the Cash/Bank reconciliation process by Implementing Cash Management tool in UK Northern and Nordics RegionsHandled the project of clearing historical open items for AP Wire and AR Concentration Account reconciliation before implementing into Cash Management Module.Transitioned the Payroll Reconciliations, Balance Sheet Recons, and BSR Tracker.Backup for performing VAT reconciliations for US Regions.Preparation of quarterly deck on SLA’s agreed Vs Met and participate in review meetings with respective process owners to understand the process issues and address the same to the team for improvements.Knowledge on IFRS and US GAAP Show less

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  Qualcomm

  Jul 2017 - Jan 2019

  GAOC Accountant

  Complete General accounting activities, prepare accrual and prepaid release entries, Reconciliations in ARM tool, prepare monthly and quarterly Financial pack which contains all BS accounts, Prepare pre-close review file before month-end close. present the Financial packs to Leadership and resolve the gaps.

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  Cognizant

  Feb 2019 - Dec 2019

  Team Leader AR and R2R

  Working on a smooth transition of R2R activities and make sure team members meet all defined targets.Approving Accrual, Prepayment, periodization entires. Profit and Loss Analysis, variance analysis, Above base services variations analysis, approving BS sheet reconciliations.

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  Proven

  Dec 2019 - Nov 2022

  Heading AP, AR, and GL processes for Leading consulting organization in the Kingdom of Saudi Arabia. working on both Services and Projects onboarding, Cost and Revenue estimation. complete hold on budgeting on projects and services. Involved in the initial discussion on all the projects along with the Business development and sales team. Support on statutory Audit for Saudi and Indian Audit requirements.Zakat- Zakat is a religious levy on Saudi/GCC nationals and Saudi companies that are wholly owned by Saudi/GCC nationals. The zakat rate is 2.5% and applicable on the higher of the adjusted taxable profits or the zakat base which comprises equity, loans, and provisions reduced by deductible investments and fixed assets- Annual ReturnWHT-The rates vary between 5%, 15%, and 20% based on the type of service and whether the beneficiary is a related party. The WHT should be paid within the first ten days of the month following the month during which the payment was made. The domestic rate for WHT is 5% on dividends, 5% on interest, and 15% on royalties- Monthly ReturnVAT-VAT is imposed at a rate of 5% for most goods and services, with certain exceptions applying. Effective 1 July 2020, the standard VAT rate was increased by the government to 15%- Monthly ReturnGST- The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18% and 28% under GST. This is aside the tax on gold that is kept at 3% and rough precious and semi-precious stones that are placed at a special rate of 0.25% under GST- Started in 2017 and Monthly ReturnTDS- TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at the source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates prescribed by the tax department.Audit- Statutory Audit as the name suggests is a compulsory audit for all companies.SOX Compliance Show less

  • Service Delivery Manager - Finance

    Jun 2022 - Nov 2022

  • Accounting Team Manager

    Dec 2019 - Jun 2022
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  CBRE

  Dec 2022 - now

  Senior Finance Manager

  Part of Leadership to set up BSO ( Shared Services Centre) at Hyderabad and executed smooth transitionManaging Client Accounting and handling three towers P2P, O2C, R2R along with FP&A process and Started taking over Corporate Accounting Project from Jan 24