Sunil Devadiga Email & Phone Number

Bengaluru, Ka, In

Bengaluru, Karnataka, India

- Managed financial accounting responsibilities for major entities, including accrual, deferral, balance sheet variance review, revenue recognition, and reconciliation.- Executed annual budget forecasting below EBITDA to optimize financial planning and control, resulting in a 10% increase in cost savings.- Updated cost center master data for responsible entities and efficiently handled the complete Variable Compensation (Bonus) process.- Conducted monthly tracking and monitoring of lease accounting as per IFRS16, ensuring compliance and accuracy in financial reporting.- Prepared MICS reports encompassing productivity, quality, staffing, and more to facilitate informed decision-making by the management.- Formulated SOPs, KPIs, and FTEs to enhance operational efficiency, leveraging trend analysis and KPIs for continuous process improvement.- Supervised the inventory process, ensuring accuracy in inventory count, effective management of negative stock, scrapping, spare parts impairment, aging of POCM, RTP, and stock checks.- Managed fixed asset management, payroll, and O2C processes, ensuring seamless operations across these key areas.- Balance sheet and Subledger reconciliation Review and Approval.- Oversaw the complex entity (Germany) for AB InBev, delivering comprehensive P/L and B/S reports using Cognos tool, ensuring meticulous financial control and reporting.- Managed BLACKLINE global administrative responsibilities for AB InBev, involving tasks such as transaction matching, user and entity creation, certification and decertification, monthly auto certification review, and preparation of documentation.

Bengaluru, Karnataka, India

Bengaluru, Karnataka, India

Asset Accounting (Project Accounting):-*Work closely with other team members to effectively manage workload and gain exposure to multiple finance and business disciplines within MSD*Successfully streamlined R2R and Asset Accounting operation and achieved the award in business excellence. *Review and approve fixed asset and job cost related invoices, ensuring that such invoices are properly coded in the accounting system and comply with capitalization policies*Monitor actual capital expenditures incurred to date against approved project budgets*Prepare monthly/quarterly reconciliations of fixed asset accounts*Manage fixed assets and depreciation schedulesAccount Receivable:-*Sound understanding of accounting principles and concept.*Expertise in BRS end to end process which includes system & manual BRS, identifying and closing accounting for open items*Conversant with Accounting JV Posting for BRS Closures*Experience in handling petty cash reconciliation*Directly responsible for analysing and rectifying all billing discrepancies while verifying payments have been received and posted correctly for client invoices.*Managed the billing, collection and reporting activities within or exceeding company metrics, goals and deadlines.Collection and Dispute management of intercompany dealers and external receivables.*Executed daily/weekly departmental reports including trending, accuracy, and progression for the ar manager to monitor department workflow.Account Payable:-*Processed invoices with appropriate documentation route invoices for approval and ensured prompt routing and management of all invoices.*Compared and verified invoices, purchase orders.*Researched invoicing issues, contracts, vendors, and service providers, and resolved discrepancies.*Processed 1500+ invoices per month with 99.9% accuracy.Achievement :Received Three Time Encore Star of the Business Award for the creating value through business outcome.

Bengaluru, Karnataka, India

Updating Day to day transaction posting in Tally.Maintaining EDPMS and IDPMS Transaction.Expertise in Working through Banking Networks.Handling Bank & Cash transactions. Preparation of MIS Report.Maintaining Debtors Ledger & Creditors Ledger and daily maintaining party outstanding and Bank reconciliation.Assisting to prepare P&L and Balance Sheet to auditing & coordinate with Auditors.