Selvakumar Shanmugakkani

Experience

• 

  Redington India Ltd

  Jul 2007 - Sept 2008

  Accounts Executive

  OEM Accounts Management. • Overdue Ageing Reports. • Accounts (Outstanding) Maintenance. • Credit Note Generation. • Reconciled the Dealer Accounts. • Supported for Fixing up of Credit Limits. • Follow up of Cheque pending and ensuring timely collection of receivables • Maintenance of Dealer Registration Form along with necessary enclosures. • Credit Limit updation and credit clearance upon credit manager's approval. • Chq deposit and allocation of Collections against respective invoices. • Bank Reconciliation / TDS Reconciliation 26AS. • Obtaining Balance confirmation from dealers. • AR / GL Reconciliation – Reconcile and identify items not posted in AR & GL - Coordinating with IT Department for proper posting in the respective ledgerHEWLETT – PACKARD (HP – ARC) ~ Maintenance. • Variable Expenses Claims. • Prepared Overdue & Ageing Reports. • Reconciled the Vendor Account. • Control Over Outstanding. • Receivable Maintenance. Show less

• 

  Worldwide Logistics(India) Pvt Ltd

  Sept 2008 - May 2009

  Accounts Executive

  Overseas Account Management• Approved Overseas Debit & Credit Notes.• Reconciled the Books of Overseas Debtors & Creditors.• Handled Overseas Accounts Receivables & Payables.• Prepared Overseas Debtors Outstanding Statements & Invoice Ageing Report with regular follow ups.• Overseas Fund Inward & Outward Projection on Monthly Basis.• Audit over Forex Gain & Loss Account on regular basis.• Bank Book Reconciliation (EEFC Account).• Analyzed on Foreign Exchange for supporting Management for Fixing up Internal Exchange Rate (especially on EURO & USD Currency).• Handled Inter-Company Reconciliation. Show less

• 

  Accenture

  May 2009 - Dec 2009

  Process Associate

  • Prepared Balance Sheet Schedule (BSS) on Monthly basis.• Processed Inter Company Transactions.• Reconciled of Inter Company Debtors & Creditors accounts• Prepared Treasury Account Reconciliation statements.• Processed Debtors & Creditors Settlement Journals• Prepared Inter Company invoices & Credit Notes.• Prepared Revenue, Profit & Loss Account Reconciliation Statements.• Revenue Accruals and Cost Accruals Processed.• Prepared Account Received & Accounts Payable Journals.• Processed Treasury Interest Journal & Reconciled Treasury Loan & Interest Accounts.• Bank Reconciliation on both Local & Foreign Currency Accounts.• Processed Fixed Asset Addition, Relocation & Depreciation in Straight Line method.• Analyzed Cost of Sales with Revenue matching on Monthly basis. Show less

• 

  Flex

  Dec 2009 - Jul 2023

  Controller Assistant / Finance Manager (Apr 2020 – Jul 2023)• Prepared quarterly rolling forecast for the assigned projects and timely submission to Controller & VPalong with BU review.• Prepared overall Site project wise Net Working Capital (AR, AP & Inventory) in alignment to revenue.• Analysed product & model wise QVA & Actual/Forecast/What-If on weekly basis for all P&L items andmonitored to achieve quoted OP. Highlight to management for any deviation on timely manner, whichenables cost saving measure & profit generating opportunities to company.• Developed an excel template for Playbook Theoretical Simulation Vs Forecast/Actuals to enableQuantitative and Qualitative of Cost and Organization profitability based on business dynamics &changes for both actuals and forecast.• Set Quarterly Cash Target for the campus, followed by weekly tracking of cash movement updateCorporate Treasury in weekly calls for any deviation against Cash Target.• Prepared of monthly P&L (Actual Vs Forecast) line item wise & ensure cost has been accountedproperly; Manual accrual entry posted with proper supporting.• Prepared the Monthly & Quarterly Controllers Report.• Ensured the customer/supplier recoveries in CMT aligning with the program, GAM and maintainingwithin target aging.• Drive improvements related to Cost Accounting Roadmap aligned to SOX.• Prepared Exposure report model & review with GAM, RFD, Segment VP and share with customer on therecovery/claim.• Applied/adhered SOX with Flex standard policy and procedures for financial reporting and accountableto SOX auditors.Monthly/Weekly KOI's alignment with BU/PM. Driving KOI's like TML, EDM, DL and Facility cost andachieving the targets along with the IE and production team.• Tracked BOM cost and analysing item wise along with the quoted price. Aligning with GAM withcustomer approval and ensuring lower exposure on VAM %. Show less • Part of Core Automation Team - Leading RPA and Data Analytics.• Played Business SME, Solution Architect & Developer role.• Automated Payment Process for Worldwide Baan Sites using both RPA and RDA Solution Architecture insame solution with live dashboard to show the processing status and Payment related analytical reports in 2 Phases, highly appreciated by Global Finance Team & Corporate.• Automated Citi Bank & BOFA Payment booking for Worldwide Baan Sites using RDA SolutionArchitecture along with live dashboard to show the booking status.• Automated Balance Sheet Reconciliation base preparation process for Worldwide Sites using RDASolution Architecture.• Integrated all RPA/RDA Solutions with BOT Logs to provide insight on BOT usage, performance, andattendance to optimize the Licenses.• Developed RPA/RDA business use case analytical templates.AP Vs GL Subledger Reconciliation, BOFA bank Payment booking process.• Prepared documents like Solution Architecture/Design, Solution Development document, Business UseCase, Challenge, UAT Script & documentation and submit to RPA Committee in each stage forautomation progress.• Overseen the activities of Accounting Department (Europe Region – 65 Legal Entities & India – LegalEntity in 3 Location) for the accurate and timely dissemination of financial management reports, Weeklycash forecast & actual, internal & external monthly financial statements, Monthly Forecast for P&L,Balance sheet account reconciliation, journal calculation.• Oversee the reporting of financial on group reporting tool (BPC) & reconciliation with the ERP.• Lead monthly review call with site controllers & discussions with Management team on key deliverables, KPI, achievements, challenges, etc.• Supported site for Statutory, USGAAP & Tax audit.• Closely monitor team performance, reward good performance and correct/prevent low performance, provide adequate training to ensure that the team has sufficient knowledge to deliver the results. Show less •Oversee the activities of the Accounting Department (Europe Region – 40 Legal Entities) for the accurate and timely dissemination of financial management reports, Weekly cash forecast & actual, internal & external monthly financial statements, Monthly Forecast for P&L, Balance sheet account reconciliation, journal calculation & booking and annual audits etc.•Oversee the reporting of financial on group reporting tool (Outlook Soft) & reconciliation with the ERP.•GL Account mapping, cost assignment & product line mapping for reporting through group reporting tool (Outlook Soft) reviewing for the variance in reporting & taking corrective actions.•Review the intercompany out of balance are under the corporate guidelines.•Month end booking & closing including currency upload, revaluation of foreign currency transitions, AP accruals, VAT account review & re-class entries clearing interim accounts & cost center, ERP period closing etc.•Supporting site for Statutory, USGAAP & Tax audit.•Leading monthly review call with site controllers.•Monthly discussions with Management team on the deliverables, key achievements, challenges, etc.•Handling new site transition from Europe region.•Ensure that the process escalations are handled on time.•Analyzing variance between actual and planned figures such as productivity, utilization, work in, work out, divert a task and challenged productivity.•Evolve process improvements by re-engineering the process and/or eliminating non-value process•Managing a team of Europe F&A process. Closely monitor team performance, reward good performance and correct/prevent low performance, provide adequate training to ensure that the team has sufficient knowledge to deliver the results.•Entire month end closing activities supervision and mentoring team leader and provide leadership training.•Perform quarterly/Annual performance appraisals for the team members. •Monitor the timely generation and circulation of reports to the Show less •Handled the Off-shore (remote) transition of GL activities for 8 Companies (Holding, Investment, Corporate Sites) from Hungary, France, and Czechoslovakia countries.•Oversee the activities of the Accounting Department (Europe Region – 28 Legal Entities) for the accurate and timely dissemination of financial management reports, Weekly cash forecast & actual, internal & external monthly financial statements, Monthly Forecast for P&L, Balance sheet account reconciliation, journal calculation & booking and annual audits etc.•Oversee the reporting of financial on group reporting tool (Outlook Soft) & reconciliation with the ERP.•GL Account mapping, cost assignment & product line mapping for reporting through group reporting tool (Outlook Soft) reviewing for the variance in reporting & taking corrective actions.•Review the intercompany out of balance are under the corporate guidelines.•Month end booking & closing including currency upload, revaluation of foreign currency transitions, AP accruals, VAT account review & re-class entries clearing interim accounts & cost center, ERP period closing etc.•Supporting site for Statutory, USGAAP & Tax audit.•Leading monthly review call with site controllers.•Analyzing variance between actual and planned figures such as productivity, utilization, work in, work out, divert a task and challenged productivity.•Managing a team of Europe F&A process. Closely monitor team performance, reward good performance and correct/prevent low performance, provide adequate training to ensure that the team has sufficient knowledge to deliver the results.•Entire month end closing activities supervision and mentoring team leader and provide leadership training.•Perform quarterly/Annual performance appraisals for the team members. •Monitor the timely generation and circulation of reports to the management.•Mentor the team and guide them towards effective discharge of functions.•Training the team members Show less • Handled the Off-shore (remote) transition of GL activities along ERP implementation for 23 Companies (Holding, Investment, Corporate Sites) from Netherland, Finland, United Kingdom, Sweden countries.• Journal entries preparation and posting in Baan ERP• Prepare Balance sheet reconciliation on monthly. • Reviewing the Cash book transaction booking on day to day basis and provide GL account codification to Book.• Preparing Cash Flow Actual Calculation and input the numbers in financial reporting tool OLS on weekly basis.• Processing AP, AR, GL and GRNI & RI (Manual) revaluation.• Preparing the controller reports and ensures the deliverance to Controllers within the Turnaround time. (i.e. AR and AP sub ledger reconciliation, Ageing analysis, ABS (Asset Backed By Securities) Reconciliation and Sales +Cost interim reconciliation) Preparing Balance sheet Foreign Currency exposure on monthly.• Prepare of Intercompany interest calculations and booking on monthly basis.• Single point contact with Controllers and Service partners to ensure the operations in control. • Foreign currency deal forecast on a weekly basis. • Preparing the Cash flow Actual and reporting to Corporate.• Intercompany Invoice preparation for Interest and Cost related.• Accrual transaction preparation (Rent, Tax, Payroll, Employee receivable,,,),• Balance sheet out of balance check during the month end close. Show less

  • Finance Manager - Controllership

    Apr 2020 - Jul 2023

  • R2R General Ledger Manager & Transformation Lead

    Jul 2015 - Mar 2020

  • Assistant Manager

    Jul 2013 - Jun 2015

  • Team Leader - General Ledger

    Jul 2011 - Jun 2013

  • Specialist - General Ledger

    Dec 2009 - Jun 2011
• 

  Consolidated Analytics

  Mar 2024 - now

  Senior Manager - Finance Operations