G S S Sarma

Key Responsibilities:

Entity close reporting:

• Posting journal entries - Dividend receipt, interest accrual/receipt, Reinvestment dividend, foreign currency adjustments and various other journals.
• Preparing GL reconciliation Balance Sheet and Income Statement accounts with source system supports for allocated entities.
• Reviewing Trail balance and confirming Cost roll forwards and various other accounts balances.
• Preparing month end support schedules for allocated legal entities as part of month end close process.
• Preparing monthly Investment Detail Report for Franklin Investments.
• Monthly BS and IS flux analysis for allocated entities.

10Q/10K reporting:

• Preparation of consolidated investments cash flow statements and cash flow flux analysis.
• Quarterly consolidated BS and IS flux analysis for allocated accounts.
• Preparing notes like Other Income & Expenses and Variable Interest Entities.
• Preparing Lap Period Analysis report.
• Preparing consolidated realized gain/loss and unrealized gain/loss report.
• Supporting and providing required reports for quarterly/annually audit – Investment confirmations, Income distributions, purchase and liquidations.

Transition handled during the tenure :

Dublin, Ireland for Intercompany and IC Loan process - 2018.

Key Responsibilities:

• Worked on AR & AP IC forecast.
• Managed Intercompany Loan grids, booking Interest & Capitalization entries.
• Handled monthend activities and Out of Balance resolution for IC AR/AP, BS and PL Resolution.
• Worked on intercompany Netting payments and Wire Manual.
• Netting Cash allocation for Intercompany AR & AP.
• Handled monthly calls with Treasury & IC Stakeholder regarding Disputed item and clearing aged AR & AP items.
• Worked on Book to balance and GTI accruals Monthend.
• Clearing aged GRNI & PO hold issues.
• Publishing monthly AR statements & HFM Out of Balance Reports.
• Worked on Monthly AR Invoices.
• Worked on booking of PO &Non-PO invoices for AP.
• Worked on Booking Transfer pricing journal & invoices.
• Handled VAT related issues for AR & AP.
• Handled Automated system invoice process issues.

I have joined as Senior Associate and worked on multiple SBU intercompany & GL teams. And I was promoted as Process Lead in Jan 2016.

Transitions handled during the tenure:

Onsite Germany & Austria transition for Intercompany Process in 2017 and Delhi Transition for General Accounting process in 2014.

Key Responsibilities:

• Monthend Intercompany reconciliation for AR & AP balances.
• Worked on booking of Goods in Transit accrual,Fixed Asset Disposal & Cost Center Reclassification entries.
• Worked on Monthly balance sheet reconciliations and publishing in E Rec portal.
• Handled clearing of Aged item related Intercompany Customers.
• Worked with Payments team for clearing aged Intercompany AP invoices.
• Publishing & Preparing Intercompany AR statement.
• Worked on BMG netting proposal files for Intercompany Vendor payments.
• Applying Intercompany Vendor payment & Customer receipts based on BMG netting results.
• Calculating & posting FX difference for BMG Netting GL and clearing netting GL balances.
• Running Depreciation for US GAAP, Local GAAP & IFRS accounts.
• Performing AR Customer recharges on monthly and Adhoc.
• Performing monthend adjustment entries like EOSB accruals, Sales commission Entries & Prepaid Entries.
• Performing Suspense account clearing.
• Rectifying out of balances and posting accruals in monthend.
• Preparing Accrual report, Open item tracker report and Out of balances report Monthly.

Key Responsibilities:

• Ensure timely reconciliation of over 50 Bank GL of Insurance business.
• Preparing Cash Flow analysis file on daily Basis.
• Reconciling control accounts and sorting out Discrepancies.
• Preparation of Reconciliation of Fixed Assets and Intercompany accounts reconciliations.
• Posting tax journal entries for different entities in monthend and adjustment entries related to P&L accounts and Balance sheet in monthends.

I have joined as Associate Analyst in GA team and job
my responsibilities as stated below
Key Responsibilities:
• Performing monthly Balance Sheet Reconciliations.
• Posting adjustment accrual entries in month end.
• Reviewing and Posting Month end Journal Entries
• Reviewing the trend analysis of P&L accounts.
• Booking Good In Transit & Book to Balance accrual
entries.