Ajay Kumar

AJAY KUMAR Mobile:- ~ Tel. (Res.):- E-Mail:-,- Seeking senior level assignments in Reporting / Operations Management with an organisation of repute. Preferred Sector: Financial Sector/ BPO / ITES Sector _______________________________AN OVERVIEW______________________________ A dynamic professional with nearly 7.5 years of experience in Financial Reporting, Cost Reporting, Inter Company Reconciliation, Month End Closing & Reporting of GL, Onshore Transition & Process Migration (London Barclays Bank Head office) and RBS (Edinburgh Gogarburn Head office) Adept at developing procedures, service standards and operational policies, with a proven track record of planning & implementing effective control measures; responsible for meeting & setting KPI targets and planning areas of improvement or development. Keen customer centric approach with skills in addressing client priorities and resolving escalations within prescribed TAT, thereby attaining client delight and high compliance scores. Holds distinction of implementing various quality standards & initiatives for improving the process operations along with effective service delivery. Cross-Functional Team Player with excellent interpersonal, communication, analytical and planning skills with proven abilities in people management and client relationship management. Core Competencies: Journal Entry preparation Cost Analysis P&L Variance Closing & Reporting of Cost Budget Analysis B&S Recon 2 Onsite Transition in UK Rolling Forecast Tax Analysis __________________________OCCUPATIONAL CONTOUR_________________________ Since April’12 with RBS Gurgaon as Senior Analyst (Process: Month End closing and Reporting of Cost, Journal Entry, Variance Analysis, B/S Reconciliation) Sep’09 with Barclays Shared Services Pvt. Ltd., Noida as Team Support Specialist (Process: Financial Reporting, Journal Entry Preparation, Accrual and Prepayment) Jan’06 – Apr’09: Genpact, Gurgaon as Senior Process Associate Career Path: Jan’06- Dec’07 as Process Associate Jan’08-Apr’09 as Senior process Associate KEY DELIVERABLES Accounting Functions Analysing, investigating and explaining key movements and trends in P&L Lines. Monthly variance reporting and reporting of any issues, risks & opportunities, Flash reporting (pre-month end estimate of expenses) Budget analysis with actual cost numbers for accurate forecasting. Variance analysis with detailed commentary after comparing with previous month figures. Journal Entry preparation as BAU activity on monthly basis. Internal and External audit queries Cost reporting for all Branches in form of Contribution statement. Regular contact with Business during course of Cost Analysis. Operations & Process Management Monitoring overall functioning of processes, identifying improvement areas and implementing adequate measures to maximize customer satisfaction level. Ensured the smooth transition from current to future business operations. In regular touch with Business for continuous improvement in process. Transition Management Responsible for supporting all solutions and processes as part of transition during July 2010-September 2010 in London Barclays Bank Head office. Managed Pre Transition responsibilities including project scope identification / scoping support. Provided process support during transition of the business process, improving customer interface touch points. Customer Service Providing effective resolution to customer queries and improving relationships with the customer by anticipating customer future requirements, thereby ensuring a positive customer experience. Keeping TAT commitments, handling escalations. SIGNIFICANT CONTRIBUTIONS ACROSSS ASSIGNMENTS RBS GFS India Gurgaon Assist in key month end activity which provides oversight of completeness and accuracy of underlying management information. Reviewing financials on a daily basis during the month-end period and reporting issues to finance management, comparing Actual to plan/ forecast/ prior period to ensure correct month-end close & investigating unusual postings and/ or escalating with Countries. Working as part of a diverse team spread across the region, Interaction with a wide range of people and exposure to Regional /Global Finance Owners Working with Business partners to create and review quarterly forecasts and annual financial plans, including reporting & analysis to explain changes against given baselines. Tax analysis activity to identify the nature of expenses in order to assist in Tax calculation. Auditing of various quarters, months on regular basis to assist auditors. Variance commentary on Actuals, Budgets & Rolling Forecast from prior month to current month. Journal Entry preparation for Accruals, Switch and Intercompany. Balance Sheet Reconciliation of Accruals. Managing the business' s monthly forecasting process with regular calls. Barclays Shared Services Pvt. Ltd., Noida Financial reporting of balance sheet accounts on monthly basis. Elimination mismatch reporting involves identification of variance among Intercompany account Intercompany reconciliation and chase up of all outstanding entries. Substantiation of GL balance in SAP through valid backups for all the entries under each account. Commentary relating to problem and resolution of outstanding entries in detail while reporting for accounts. Follow up for the open items in B/S accounts after month end and ensure to get it resolved before next month end. Prepared procedures and reconciliation templates from scratch in London during transition. Genpact, Gurgaon Detailed analysis of claims for every reinsurance account. Validation of all the supports through calculation of premium and claims before processing. Highlighting of all issues related to incorrect support and incorrect calculation. Direct coordination with insurance companies for query resolution relating to premium & Claims. Weekly presentation of issues, escalations and updates of accounts of insurance companies to clien Performed Bank Reconciliation for GE bank account. Looked after Validation of cash book balances on daily bases through GE Cash analysis. Identified Variances in Cash book Receipts and Cash book Payments during Roll forward. AWARDS WON Ist Appreciation Email from Business for month end activities in a team for continued good performance. (RBS) Individual ovation award for doing the right thing (RBS) White Belt Project on Process Improvement. (Barclays Shared Services) Appreciation for BAU activities performed before deadline every time by client. (Barclays Shared Services) Received the Star Performer Award for the March 2008.(Genpact) Received Appreciation from the client for exceptional performance for two consecutive Quarters. Holds the credit of receiving Bronze Award for exemplary performance and demonstration of Genpact values. Awarded Achievers Award in Barclays for knowledge and initiative. (Barclays Shared Services). _______________________________SCHOLASTICS_____________________________ Pursuing CIMA (Chartered Institute of Management Accounting) Qualification Post Graduate Diploma in MBA (Finance) in 2009 B.Com from Delhi University in 2004. 12th from Saraswati Bal Mandir, New Delhi, CBSE Board in 2001. 10th from Andhra Education Society, New Delhi in1998. _____________________________CERTIFICATIONS _____________________________ IIA Certified- Introduction to Property and Liability Insurance. Lean idea certification. White Belt certification. LIMME (Life made much easier) __________________________TRAINING ATTENDED_____________________________ Undergone training for Fundamentals In Insurance Business Writing Skills, E-Mail Writing, Conference Call Customer Service Skills at Genpact. Reconciliation Training. White Belt Training. ____________________________System Used____________________________ Business object Walker SAP BW MS Word MS Excel MS Outlook Opus SAP R3 ____________________________PERSONAL DOSSIER____________________________ Date of Birth : 13th August 1982 Permanent Address: C-362B 1st Floor Sector 19 Noida Languages Known: English, Hindi