Balaji Molavanti

C/O: Sri Raghava Residency II,

Flat No: 403, S.R.Nagar,
Hyderabad, AP – 500013
Cell: 91-9700178226
E-Mail:balaji2020@rocketmail.com

CAREER OBJECTIVE

To work in a growth-oriented company providing challenging assignments by implementing

managerial and technical skills, this would enable me to make solid contributions to the development
of the company.

Professional Strengths
 Subject Matter Expertee (SME) in Cash Application / Billing Process (Accounts Receivables).
 Single point of contact for all activities in Process “Accounts Receivables”.
 Proficient in reconciling the cash with a proven record of closing the books before the deadline.
 Highly proficient in dealing with unidentified payments using advanced research methodology.
 Been to US (Atlanta) for 3months to work on Major Project - Suspense Account
 Transition- Successfully transitioned Suspense account project along with cross training new
staff.
 Giving quick hit ideas for smoother work flow, it consumes a lot of time and reducing the errors.
 Act as a key communicator between Onsite & Offshore Management and with the team.
 Possess excellent analytical, logical and communication skills.
 Hands of experience on creating Purchase Orders.
 Was a key point of contact for all MIS reporting’s in MOL.

Professional Experience
Company 1:
Ness Technologies (INVESCO), Hyderabad (Sep’09 – Jan’11)
Designation : Process Associate (AR Analyst), Finance & Accounting (INVESCO).

Ness Technologies has a third party relationship with INVESCO’s Operations division (Finance and
accounting), under the Build-Operate-Transfer model. Finance and accounts teams were hand-picked,
trained and operated under stringent guidelines, based on the Service Level Agreement and Statement
of Work that was agreed upon with INVESCO. The process was transitioned in an admirable manner
and the team was well established since it was grouped. At present Ness is in Transfer Phase.

INVESCO, Hyderabad (Jan’11 –Till Date)

Designation : Senior Process Associate (Senior AR Analyst)
Cash Application:
Cash Application is a part of Accounts Receivables. Cash Application deals with daily processing of
payments received from Customers. Payment methods accepted by INVESCO are as mentioned below:
 Wire Payment
 ACH Payments
 Lock Box – Check Payments
It is an application of payment to appropriate invoices and mentioned on the Remittance stub or on
the special GL code. It is the Application of customer’s money on the invoices mentioned by them. .
The process was transitioned in an admirable manner and the team was well established in 3 months
since it was grouped.

Roles & Responsibilities:

 Supervise Cash Application processes and procedures to ensure quality and efficiency.
 Supervise, train and develop associates to ensure the accurate and timely processing of all
invoices for the corporation
  Process and post daily lockbox and wire remittance deposits to the appropriate customer
account and invoices, ensuring reconciliation of the batch.
 Interface with bank and resolve any batch or returned check issues.
 Analyze customer accounts at the time of application for any skipped or partial payments, or
customer errors. Contact customers immediately to resolve any remittance discrepancies.
 Analyze deductions and credits in customer accounts, identifying items to net, items to follow-
up with customer, and items requiring potential write-off
 Review customer balances as directed by Onsite Manager to identify past due accounts
 Escalate unresolved issues, tracking to final resolution.
 Prepare monthly accounts receivable reporting package, including analyses of days sales
outstanding and bad debt reserves
 Generate AR aging reports and identify critical issues
 Accounts Receivable analysis and reporting.
 Research, explain and resolve any variances
 Review recons with Accounts Receivable Manager each month and explain plan of action for
resolving all variances
 If the variance is excess payment then we will prepare refund packages.
 Ensure that monthly Balance Sheet reconciliations are prepared timely and accurately
 Assist with preparation of information/data for external auditors in the annual audit of the
financial records
 Maintain good working relationships between the accounts payable specialists and customers.
 The application which we used for posting the cash is Oracle & Account fees.
 Applying the payments as per the standard Operating Procedure.
 I am a key point of contact for all need billing scenarios.
 Preparing spreadsheets for all custodian payments.
 Updating 2390 spreadsheets (Suspense Account) on daily basis using the GL report and
performing reconciliation between the report and spreadsheet.
 Preparing and reviewing the refund packages for all Overpayments & Duplicate payments.
 Reviewing the cash log as a first reviewer and checking the completed packages on a daily
basis and sign off.
 Performing weekly recon which leads for smoother month close and also it helps to take
preventive measures to resolve the recurring problems.
 Handling all month end activities in accurate manner with zero percent errors.
 Interacting with clients and the team members for smooth execution of work to complete the
task in a given day.
 Part of weekly calls with onsite managers to discuss about the process updates, continuous
improvement ideas and status of the cash postings.
 Consistently delivering the work within the TAT & Accuracy with zero percent errors before the
deadline.
 Monitor and review monthly reconciliation for specific balance sheet accounts like
account receivable, discount offered, inter-company eliminations and customer
refund.
 Assist staff in preparing information/data for external auditors in the annual audit of
the financial record.
 Provide leadership and support cross-functional projects to improve business results.

Achievements:
1. Recognized as one of the best outstanding performer in AR Team.
2. I am the first person who Implemented Automation process in Cash Application for all
Custodian payments. Recognized as best Idea generator in global level.
3. Initiated few more CI projects and these are on the implementation stage.
4. Received spot award as best trainee at the time of joining and best trainer within 4 months of
joining from CFO.
5. Twice been outstanding performer in the process for Q2’10 & Q3’10
6. Won spot award as a best onsite performer from higher management as a part of onsite
training at client location (Atlanta, GA. US) for 3 months (Oct 2010 to Dec 2010)
Company 2:

MOL-Information Processing System

Designation : Accounting Process (Junior Executive)

Period : From March 2008 to September 2009

Job Profile:

 Responsible for service delivery and managing support KPIs as per the Service levels outlined
in the SLA for various projects.
 Management of day-to-day project and service issues. Responsible for escalating unresolved
issues to the Project focal points / clients of various projects.
 Plan and track project activities and provide timely and accurate reports on project status.
 Direct involvement in the process migration and discussions with the clients for the
improvement of the process structure as focal point for US Finance process migration.

 Accounts Receivables, Payables & MIS for US.

Accounts Receivable US:

 Handling the complete accounts receivable process for US

 Daily log on to the Bank websites for the respective bank Websites & getting the bank statements
Download.
 Enter all the collection details into the Global software online basis which will help to the Credit
Collectors to know the exact outstanding statement as on time.
 Analysis for the customers business Vs payments and advise to the front offices for their credit limit,
Credit period & other terms.
 Audit for the Partial payments or Overpayments from the clients and give the advice to the front offices.

Accounts Payable: US

 Receiving the Invoices from US Countries with the different sources of Scanning and hard copies
and maintaining the track for all the Invoices.
 Primarily verification of the Invoices of their originality, specific standards and applicable taxes as per
Statutory.
 Cross verification of the invoices with vendor Name, Invoice No, Date, Amount & Taxes as per the Statutory.
 Coordination with the US countries and creating the purchase orders as per the agreements with the Vendor
for our business requirement.
 US Countries directly send the Purchase orders which was created by MOL Hyderabad directly
to their Vendors who gives the services to MOL.
 Handling the queries from HO & Front office of the US Countries.
 Clarifications to the vendors about their queries and short payments
 Payment Proposals to make the payments to Vendors on weekly basis.
 Preparation of Daily, weekly and monthly reports to the CFO.

Finance & MIS Reporting:

 Preparing weekly collection and Credit Collector Statistics.
 Preparing Agent Commission Report.
 Preparing KPI Report.
 Preparing Turnover Statement.
 Preparing Accounts Receivable Consolidated figures.
 Preparing Region Stats update.
 Forecasting the Vessel Performance.
Achievements:

 While handling the US Process I received high appreciations from the US management.
 On the basis of my performance I was allotted 4 more new US Projects.
  Sort out Errors from the payments made by the Vendors and showed the profit of $24,507 as
savings for our company.
 Proved myself as the asset of the company.

Extra Circular Activities

 Participated in all Management meets.
 Won

Extra-Curricular Activities: NCC

 Best Cadet Award
 Best Senior under Officer in Kakinada Group.
 I was participated in State Republic Period in 2004.
 Best Contingent Award in our Battalion.

Technical Skills
Operating Systems: Windows 95/98, 2000, XP,
Packages & Tools: Ms-Office, SQL, .Net, HTML
Database: Oracle10g, Oracle11i & Oracle R12

Educational Summary

 MBA (Finance) from C.R.Reddy College, Andhra University, Eluru

 B.Sc. (Computers) from Noble College, Nagarjuna University, Machilipatnam
 Intermediate from Noble College, Machilipatnam
 SSC from Little Flower School, Machilipatnam

Personal Details

Fathers Name : (Late) M. Siva Nageswara Rao,

Date of Birth : June 10th, 1984

Professional Status: Full-Time

Marital Status : Married

Languages Known : English, Hindi and Telugu.

Nationality : Indian

USA Visa Type : B1/B2 (10 years multiple visa)

Hobbies : Meeting new people and making friends.

Place of Birth : Andhra Pradesh.

Declaration: I hereby declare that the above furnished information is true to the best of my
knowledge.

PLACE: Hyderabad

DATE:
(Balaji.M)