Senior Manager in Finance and Accounts with 16+ years of exposure in all areas such as P2P, R2R, O2C, Financial statements, Transition, Transformation projects, Project management, Stakeholders relationship

1. Prashanth Vaidya
# 34, Suprabha, 6th
A cross, 9th
Main, AGS Layout, Arehalli Post, Bangalore – 61, Karnataka state, India
Contact : 091- 9900521158 Email : prashanthvaidya1980@gmail.com
Profile summary
• Competent and result oriented Finance and accounting professional with 16+ years of total experience. Out of
which 15 years in BPO. (R2R, O2C and P2P)
• 10+ years of experience in managing multiple teams across various functional areas such as R2R, O2C and
P2P in Oil & Gas business across various geographies.
• Expert in Process transitions, implementing Accounting policies/procedures, Facilitating audits & statutory
requirements.
• Expert in driving process efficiency initiatives as part of Centre Of Excellence through standardization,
automation , lean methodology (process improvements) and other cost saving methods
Core Competencies
• Accounting Operations • Procure to Pay • Order to Cash
• GL and month close • Financial statements • Audit
• Center of Excellence • People Management • Client Management
• Budgeting and forecasting • Change Management • Transition/ Project
Management
Achievements:
Transition and travel to client location:
Accenture
• Lead multiple transitions for F&A roles across all towers (P2P, R2R, O2C) for an Oil & Gas client from Middle
East, UK and Norway and ensured that the processes were streamlined within 3 months of go live.
• Worked on end to end transition process starting from discovery, role mapping, resourcing, transition
management, process documentation, Identifying and implementing KPIs and SLAs and implementing
Operation excellence process and metrics.
• Travelled to client’s location in UK (Aberdeen) for transition and audits of Oil and Gas R2R processes.
Consero
• Implement new transitions and define the process and accounting policies for new clients
Process improvement initiatives/client value creation:
• Identified and lead a Gen 4 improvement project on cash call for a major project (operator), which
resulted in working capital benefit of $ 4.1 Million and $ 100K P&L benefit to client (Operator).
• Identified automation opportunities in the team and implemented automation resulting in 4 FTE release in G&A
and Logistics cost allocation teams.
• Initiated payment term rationalization project in P2P area, which helped client to maximize working capital to the
tune of $ 1.5 Million.
• Created standard Balance Sheet schedules and implemented it across key operational accounts across clients

2. • Identified Cash optimization project in O2C and reduced the turnaround time of the process to receive the cash
early from customers.
Global SAP Financial Template implementation:
• As a change coordinator, directed and delivered analysis, design validation, impact assessment, Fit Gap
analysis, Role mapping exercise.
Other key achievements:
• Supported due diligence process for new transitions.
• Process presentation for potential clients.
• Followed and implemented lean methodology and Operations Excellence for all the teams.
• Worked as Project people advocate for the deal and won client recognition award.
• Received various awards for commitment in executing the job, displaying ownership, achieving highest number
of process improvements ideas for the team and contribution towards people development and driving
excellence through individual and team success.
Work exposure
Company: Consero Global Solutions (Sep’16 to Present)
Post: Senior Manager – Service delivery (Manages team of 55)
Job Responsibilities:
• Provide end to end Finance and Accounting solution (AP, AR, GL and month close) to multiple small and
midsized clients
• Manage and deliver Financial Statements such as P&L, Balance Sheet and Cash Flow Statements, Forecast vs
Actual and budget vs actual with variance analysis.
• Perform month close activities such as booking of amortization, accruals/provisions, depreciation and Balance
sheet reconciliation and other close related activities.
• Provide other customized analysis such as Product Margin variance report, Cash Forecast report and any other
reports as per client’s requirement.
• Perform variance analysis on Cost of Sales and Revenue and review to ensure that there are no revenue
leakages based on the revenue recognition principles.
• Manage performance review of all team members and regular one on ones.
• Manage new transitions and project plans. Formulate accounting policy for new clients based on the need.
• Responsible for client account P&L and drive to increase margin by bringing in efficiencies and process re-
engineering.
• Drive various initiatives such as improving client relationship, revamping the training structure and content.
• Develop reporting metrics and KPI
Company: Accenture Services Pvt. Ltd. (15th
Dec, 03 to Sep’16)
Post: Operations Manager – Finance and Accounts
Job Responsibilities – Career level 8 (Operations Manager)
Managed multiple teams for a leading Oil & Gas client across geographies (UK, Norway, Middle East & India) -
(From Sep 2014 to Sep 2016)
AP, AR, IC, Treasury, GL, JVA, PEC, Tax, Overhead Cost allocations – (E&P India Region, Libya, UK,
Norway)
▪ Responsible for all the processes for upstream business in India region.
▪ Ensure that the vendor invoices are processed accurately on time.
▪ Initiate the payment proposals for all types of payments and perform bank account reconciliations.
(Vendors, statutory payments, Joint Interest Billing & Cash calls)

3. ▪ Providing tax support in the form of tax coding, tax computation for WHT, Service tax, VAT & CST,
making tax payments, and providing the support for Statutory and tax audit.
▪ Account for non-operated Joint Interest Billings and cash calls and perform other JVA related activities.
▪ Creation and accounting of 3rd party invoices for Gas, crude and condensate sale and any secondee cost
and other payroll cost from partner.
▪ Perform period end close related activities, including running revaluation programs.
▪ Perform balance sheet reconciliations as per the group policy. Initiate discussion with the stakeholders on
action plans to clear open items.
▪ Processing and accounting of employee expense to ensure on time payment and perform checks and
audits.
▪ Accounting of Intercompany invoices and processing of same for payment. Any disputes and follow-ups
to be done till closure and perform quarterly reporting
▪ Ensure all SLAs and KPIs are green and have service review performance calls with client as per the
framework.
▪ Identify the critical tasks for business continuity plan, ensure that enough trained resources are available
for the critical activities identified.
▪ Account for all overhead cost and allocate and recover the cost from partner and 3rd parties based on
agreed methodology/agreement.
▪ Run and maintain actual, Budget and Forecast allocation through JV assessment cycle in SAP (FI-CO).
▪ Prepare well reconciliations to ensure the correct cost allocation (tangible, bulk, services) to the well
▪ Provide onsite support for Multi Venture audit. (MVAC)
Job Responsibilities – Managed multiple teams during at career level 9. (Assistant Manager)
Joint Venture Accounting Process: (E&P Norway)
▪ Responsible for Norway Joint Venture Accounting process
▪ Ensure that Joint Venture Billings and cash calls are published on time to all the JV partners.
▪ Pipeline Tariff accounting and recovery.
▪ Initiating the follow-ups for any non-receipt of payments from Joint Venture partners.
▪ Perform key account reconciliations as per the group policy. Initiate discussion with the stakeholders on
action plans to clear open items.
▪ Ensuring that the monthly, quarter and annual reports and analysis are sent to the stakeholders on time
with quality.
▪ Drive Continuous Improvements in the team and discuss with stakeholders on process changes and
process controls.
Job Responsibilities – Team leader for E&P Norway Allocations – Level 10 (Team Lead)
▪ Ensure all the AP invoices are validated for the coding based on PO/SO
▪ All the actual cost is pooled and allocated/recovered according to the agreed methodology.
▪ Build, maintain and run JV assessment cycle through CO module to allocate actual cost, budget and
forecast.
▪ Perform Balance sheet reconciliations on a quarterly basis.
▪ Provide Multi Venture audit support (MVAC)
Company M/S Needs
Deputed in GE Lighting Accounts department
Post Accounts executive
From Jul 2003 to Nov 2003
Work Exposure
• Booking and processing AP payments and T&A expenses.
• Reconciliation of Bank and Vendor Accounts. Supporting audits.
Company/Firm M/s Shivamohan & Aithal
Chartered Accountants, Bangalore
From Sep 2002 to May 2003
Work Exposure Internal Audit / Transaction audit
• Worked as audit assistant performing book keeping activities for proprietary and partnership firms and also
support in tax filing and audit.

4. Computer Proficiency:
• Working knowledge in SAP, Maximo, Workmate, Oracle 11i, Tally and MS office
Personal Strengths
• Good communication & organization skills
• Analytical and technical skill
• A team player with ability to motivate others
• Positive attitude and objective oriented thinking
• Maintaining integrity and dependable
Academic Qualification M. Com from K.S.O.U, Mysore
B.Com from P.E.S. College - Bangalore
Personal Profile Father’s Name : Puttanna Vaidya
Date of Birth : 17th September, 1980
Nationality : Indian
Languages known: English, Hindi, Kannada