SAP
Venkatesh Kumar
Senior Finance Specialist
Chennai
Summary
Self-motivated and analytical individual with keen ability to adapt and thrive in fast-paced financial environments. Possesses foundational knowledge in financial analysis and reporting, coupled with proficiency in financial modeling and data interpretation. Committed to driving strategic financial decisions and fostering organizational growth.
Overview
13
13
years of professional experience
11
11
years of post-secondary education
2
2
Certifications
Work History
Senior Finance Specialist
Maersk Global Service Centre
01.2018 - Current
- Leading STP Project - Automation of Accounts Payable Straight through process
- Improved financial reporting accuracy by streamlining data collection and analysis processes.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Prepared and mailed invoices to customers, processed payments, and documented account updates.
- Ensured timely payments by monitoring accounts payable status and maintaining accurate records.
- Reduced payment discrepancies through meticulous reconciliation of invoices with purchase orders and contracts.
- Coordinated with Accounts Payable department to ensure accurate invoice processing and timely payments to vendorssuppliers.
- Analyzed and resolved order discrepancies, minimizing delays in the fulfillment process.
- Implemented customer credit policies and procedures, resulting in reduced risk exposure and improved cash flow for the organization.
- Facilitated smooth interdepartmental collaboration through clear communication channels during all stages of the order-to-cash cycle.
- Implemented process improvements within the order-to-cash cycle, driving increased operational efficiency and cost reduction.
- Optimized cash collection procedures by closely monitoring accounts receivable, ensuring timely payments from clients.
- Collaborated with sales team to ensure proper documentation and accuracy in the order-to-cash cycle.
- Managed invoicing activities for seamless revenue recognition, maintaining accurate financial records.
Subject Matter Expert
Iq Backoffice
04.2012 - 01.2018
- Mentored junior team members, contributing to their professional growth and development.
- Enhanced team performance by providing expert guidance on critical projects and strategic initiatives.
- Established best practices for knowledge sharing, fostering a culture of continuous learning and improvement.
- Developed effective training materials for diverse audiences, resulting in improved skillsets and increased job satisfaction.
- Streamlined processes to increase efficiency, enabling teams to complete tasks ahead of schedule.
- Managed complex projects from inception through completion, delivering high-quality results within tight deadlines.
- Installed, configured, and monitored new system features based on user needs.
- Conducted regular spend analysis reviews to identify trends, risks, and areas for potential cost reduction or consolidation of contracts.
- Coordinated with Accounts Payable department to ensure accurate invoice processing and timely payments to vendorssuppliers.
- Maintained up-to-date knowledge of industry best practices in Procure To Pay operations, sharing insights with team members as needed for ongoing improvement efforts.
- Conducted regular supplier performance reviews, ensuring adherence to agreed-upon service levels while fostering continuous improvement initiatives.
- Supported continuous improvement efforts within the Procure To Pay process to increase efficiencies and reduce operational costs.
Education
MBA - Finance
St. Joseph College
04.2001 - 05.2012
Skills
Bank reconciliation
Financial planning
Financial software
Corporate finance
Financial training
Internal controls
Management reporting
Accounts payable
Profitability analysis
Accounts receivable
Financial statement analysis
Bank reconciliation
Software
S4-HANA
Quickbooks
Great Plains
Oracle
Intact
Mineral Tree
Certification
Invoice Automation (STP)
Languages
English & Tamil
Timeline
Senior Finance Specialist
Maersk Global Service Centre
01.2018 - Current
Subject Matter Expert
Iq Backoffice
04.2012 - 01.2018
MBA - Finance
St. Joseph College
04.2001 - 05.2012
Invoice Automation (STP)
01/2025
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