BALAJI ANBALAGAN
Chennai
Summary
With over 10 years of experience in accounting and finance, I offer extensive expertise in management and analysis procedures to optimize financial operations. My knowledge spans month-end close, reconciliations, actuals vs forecast analysis, and variance analysis. I have consistently ensured compliance with internal control standards, ensuring the accuracy and integrity of financial data.
Overview
12
12
years of professional experience
Work History
MANAGER – Cost Reporting
HSBC Electronic Data Processing India PVT Ltd
02.2017 - Current
- Review of Actuals & Forecast during close, ensuring Accuracy, and provide updates to the group team for further Financial Reporting
- Preparation of MI reports which will give insights to functional heads to review the numbers at total P&L level, contributing to Financial Performance and Business Growth
- Track actuals during MI submissions process, identify anomalies if any and work with relevant regional/country teams to address financial issues
- Review of Interco Expenses, identifying the anomalies and collaborating with relevant teams to resolve issues, aligning with Accounting Standards
- Analysis of month over month variances in the underlying costs and identify the drivers to support financial improvement
- Analysis of Under/Over recovery for the month based on the P&L numbers, ensuring adherence to GAAP principles
- Facilitating proper flow of costs from Billing, Accounting to the P&L and ensuring that there are no discrepancies between the ledger and the final numbers in MI submission, enhancing Efficiency
ASSISTANT MANAGER
HSBC Electronic Data Processing India PVT Ltd
01.2017 - Current
- Posting Accruals related to Payables for the UK region for IT services invoices & GSC service invoices on a monthly basis, ensuring compliance with Regulatory Requirements
- Monitoring the Payment settlements of Invoices submitted to AP and releasing the accruals for paid invoices accordingly, reflecting strong Responsibility
- Resolving queries from Stakeholders for billing & recharges, demonstrating strong Leadership and Mentoring skills
- Reconciliation of Accruals posted with the numbers reflecting in the ledger & assisting Ops team in arriving at the same with a Detailed Oriented approach
- Assisting in Variance Analysis on Costs booked for GSC’s & IT for all regions on a month-on-month basis
- Posting Capitalization costs related to the UK region in Ring Fenced Bank & Non-Ring-Fenced bank ledger
- Posting Quarterly Provision entries for Receivables from other entities to the UK and monitoring the payments received from various entities
- Posting VAT accruals for tax unpaid on invoices
- Coding & sending GSC service-related invoices to Approvers & passing through the same to the AP team for settlement
ACCOUNTING OPS ASSOCIATE - One Finance, Record
Accenture BPO
05.2013 - 02.2017
- Associated with F&A R2R project for “Microsoft” entities - Sweden, Czech Republic & UK
- Preparation of Cost allocations & posting them into P&L, ensuring adherence to Accounting Procedures based on vendor details
- P&L Re-class & Balance Sheet Re-class preparation based on FD, FC, and AFC requests, maintaining compliance with International Regulation
- GL reconciliations, both Key and Non-Key valued accounts
- Reconciliation done based on client’s working methodology, ensuring Financial Accuracy
- Cash forecasting on a monthly basis, based on the IC report and AP expense data for the month
- Open purchase orders [PO] accruals for both Marketing & OPEX [Operation expense] PO’s
- Yearend follow-up with PO owners regarding accrual of their PO’s based on the open value, demonstrating a proactive approach
- Coordinating with clients in order to collect POE [Proof of execution]
- Sending out open PO reports to clients for confirmation on accrual of their respective PO’s
- Booking of local billing invoices into AR chart of accounts, also keeping track of payments against those invoices from debtors
Education
CMA - US CMA Group – 1
Institute of Management Accounts
01.2025
B. Com -
Madras University
01.2013
Skills
- Collaborative Team Guidance
- Analytical Troubleshooting Skills
- Prioritization and Time Efficiency
- Strategic Decision-Making
Timeline
MANAGER – Cost Reporting
HSBC Electronic Data Processing India PVT Ltd
02.2017 - Current
ASSISTANT MANAGER
HSBC Electronic Data Processing India PVT Ltd
01.2017 - Current
ACCOUNTING OPS ASSOCIATE - One Finance, Record
Accenture BPO
05.2013 - 02.2017
B. Com -
Madras University
CMA - US CMA Group – 1
Institute of Management Accounts
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