Prakash Barik

Experience

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  GENPACT

  Mar 2011 - Apr 2012

  Process Associate

  • Responsible for doing reconciliation of Inter-Company balances of long term & short term loan/Interest along with preparing loan Schedules according to Loan Agreement.• Responsible for making monthly and quarterly reconciliations templates mainly for the ‘Spain & Portugal’ business and resolving of any open items by doing follow up with the client or by booking entries from our side if required.• Responsible for doing the closing activities i.e. CDR Edit clearance, Intra Company variance clearance, updating of Loan Model and confirmation from counter party etc.• Responsible for sending the Edit & Affrec Status of different platform to country end during close period.• Responsible for preparing the aging analysis for all the open items (inter company variance) across all the country. Show less

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  NatWest Group

  Apr 2012 - Sept 2015

  Sr. Financial Analyst

  • Successful Transition for Manchester RBS Division for PLC Intercompany reconciliation process.• Monthly Inter-company Reporting to the Group which includes Transfer Pricing reporting • Preparing and collating intercompany data for monthly reconciliation and reporting.• Preparing Intercompany reclass Journals which includes product change and Counterparty changes• ICO Submission/Reporting for UK PLC IC numbers for P&L, BS and Derivatives.• Effective coordination and communication with BUC to fix the issue in trade bookings.• Working on TARA decommissioning project for Derivative Reporting to be delivered till May Month end.• Carefully handling, monitoring, analyzing and reconciling high value transaction for all the regions.• Processing Trade details and validates them before consolidating it in HFM (Hyperion Financial Management) for the month.• Preparing Initial Mismatch Position MI indicating the net mismatch at the beginning of the reconciliation process for the month to allow all regions to focus on the top priority trades and explain the mismatches for the same.• Coordinating and assisting all the counterparties regarding all the trade related reconciliation queries.• Preparing Daily MI during the reconciliation process and circulation it to all the stake holder, BUC & top management indicating the current matching status for the overall process on daily basis.• Highlighting all the mismatches and incorrect reporting for the month and assist all counterparts do correct their reporting before next reporting cycle.• Preparing monthly reports after the reconciliation is closed for the month indicating the overall Intercompany position for the month.• Clearing all the validation breaks in the IC Balance Sheet.• Prepare month on month trend analysis of validations error & outstanding FC signoff.• Responsible for doing the closing activities i.e. Intra Company variance clearance & report the final balances to Group & GCA Show less

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  Hero FinCorp Ltd.

  Oct 2015 - Aug 2018

  Deputy Manager Finance

  • Monitor entire Trial balance with the help of voucher dump.• Review of control accounts like Excess Money, Termination Control etc in FinnOne & suggest requisite corrections.• Review the service tax liability & if required correction of service tax for both Corporate & retail products• Review the bank reconciliation statement & ask to include bank which are missing in BRS or post missing entry which are yet to be posted in system.• Preparation of Debtor Aging Analysis.• Preparation NPA provisions for both retail & corporate products.• Testing for new products in UAT & moving them to production if outcome is preferable.• Need to book the incomes which are actually received but not booked in system.• System control and enhancements.• Maintain accounting templates, charge IDs and effective change management controls• Coordinate with External auditor for Quarterly audit.• Coordinate with Internal auditor to solve open issues. Show less

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  BAJAJ HOUSING FINANCE LIMITED

  Aug 2018 - Nov 2022

  Finance Manager

  • Scrutiny of general ledger with the help of voucher dump.• End to end ownership of customer transactionalaccounting in lending system.• Prepare the monthly MIS from trial balance extracted fromFinnOne & Pennant application.• Variance analysis of income line.• Need to cross check all the financial accounting arecorrectly accounted in lending system.• Upload the financial accounting data from both lendingsystem i.e FinnOne & Pennant in SAP for financial reporting.• After data upload into SAP, reconciliation is done of lendingsystem TB & reporting system TB.• Review all the bank reconciliation& help in closing the openitems based on aging and priority.• Ownership of platforms reconciliation. Review of platformsaccounts like Excess Money, Termination Control, KnockoffControl etc in FinnOne& make requisite rectification throughjournal entries also work for permanent fixes.• Review of existing SOP's & RCM on quarterly basis, makechanges if required.• Engaged in both internal and external audit.• Testing for new products in UAT & moving them toproduction if outcome is preferable Show less

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  Hero Housing Finance

  Dec 2022 - now

  Senior Manager