Mahender Reddy

Experience

• 

  Thomson Reuters

  Sept 2011 - May 2014

   Managing end-to-end posting and analysis of monthly and quarterly closing activities, including journal entries, general ledger, and handling cost allocation of expenses based on the milestones and production schedules  Performs Balance sheet account reconciliations (like Cash & Bank, Prepaid, Accruals, Tax, Equity, Dividends  Identify reconciling items and follow up with respective teams to clear them off. Preparing monthly general ledger reconciliations while ensuring accurate/ timely accounting of general ledger transactions Attend all business calls and meetings and drive issue resolution as required. Respond to queries from senior group level management as appropriate. Serve as a resource for Business Controllers, Business Analysts, Plant Accountants, Corporate Accounting, Tax, and Treasury with GL related issues, questions and inquiries. Performing month-end closer including preparation & posting all journal entries related to inter-company payroll, cost center recharges, commission charges, intercompany loan entries, recurring accruals etc Performing the settlements (Cash, Nontrade) activity for intercompany books as well as facilitating accurate and timely completion of monthly financial statements of the firm  Recording and regularly updating the income and expenses of the firm in accordance with GAAP  Clearing of entries in open item managed accounts where the debit and credit entries are either posted manually or through system. Processing inter-company cash transfers as well as ensuring timely and accurate payment of rent in line with contracts. Ensure proactive controls in place to highlight issues before they are picked up by business. Show less  Evaluation of the financial performance of companies on parameters such as Revenues generated, EPS and Market Capitalization. Analysis of Extraordinary items and their impact on Earnings Per share. Taking care of Depreciation, Amortization and Account receivables screeners for BLR location. Key Items adjustments: Stock based compensation, Basic and Diluted EPS, Operating and Capital lease, Pension and other Benefits, Normalized income and normalized EPS, Dilution Adjustment, effect of Stock Split, Calculation of Free Float Shares and Consolidation. Adjusting effect of Stock Split, Reverse Stock Split, Share Consolidation, Right Issue, Merger and Acquisition. Calculations of EV/Sales, EV/EBITDA, EV/EBIT, P/E, EV/EBITDA Analysis of Financial statements of US Companies filed in SEC, Canada Companies listed in TSE by taking consideration of their respective GAAP Financial Statement analysis of P&L A/C, Balance Sheet & Cash Flow Statement to derive Forecasts/Estimate consensus. The estimates include everything from Revenue to the EPS. Cover financial information provided in various annual and quarterly reports, Press release, ARS, Interim report, Semi - annual reports. Horizontal analysis of Net sales and Net income available to Common shareholders over the years.  Show the effect of stock split and stock consolidation. Preparation of consolidated financial statements in case of mergers, acquisition and take over.  Analyses various changes in reporting patterns like currency change, yearend change, switching from semi-annual to quarterly formats.  Analyzing companies business & geographical segment and assigning NAICS codes according to their business lines. Show less

  • Senior Process Associate

    Sept 2012 - May 2014

  • Content Analyst

    Sept 2011 - Sept 2012
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  GENPACT

  May 2014 - Sept 2016

  Process Developer

   Analysis of statutory Expenses Preparation and analysis of Insurance and TRAXX report Settlement to Assets Under construction and Final Settlement from Assets Under Construction to Fixed Assets Fixed Assets Sub-Ledger - General Ledger Reconciliations Journal preparation for Accruals, Adjustments and Re-class Assets Capitalization: It includes AUC, Monthly Expense, Clearing account Asset posting, transfer, additions, retirement, intercompany asset transfer, cost adjustments to the existing asset, writing off etc. Performing various Checks for monthly Assets Additions, Assets Transfers and Disposals. Providing samples for SOX controls for their review. Analysis of statutory Expenses Preparation and analysis of Insurance and TRAXX report Settlement to Assets Under construction and Final Settlement from Assets Under Construction to Fixed Assets Fixed Assets Sub-Ledger - General Ledger Reconciliations Journal preparation for Accruals, Adjustments and Re-class Assets Capitalization: It includes AUC, Monthly Expense, Clearing account Asset posting, transfer, additions, retirement, intercompany asset transfer, cost adjustments to the existing asset, writing off etc. Performing various Checks for monthly Assets Additions, Assets Transfers and Disposals. Providing samples for SOX controls for their review. Show less

• 

  Ashland

  Oct 2016 - now

  General Ledger Accounting Specialist

  Good understanding of business processes and workflow in the areas of Finance and AccountsExpertise in Problem Analysis and Solving and organizational abilities.Enterprise Structure ( Basic structure for any Organization)Financial Accounting Global Settings ( Fiscal Year, Posting Period Variant, Field Status Group & Chart of Accounts)Exposure to Designing and configuration of Finance sub modules: General ledger, Accounts Payable, Accounts receivable & Asset Accounting.Good Knowledge in CO sub modules: Cost Center Accounting, Profit Center Accounting, Internal Orders and Project Systems. Show less