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PREM KUMAR - SAP FICO - 8+ Exp

[email protected]

Location: Santa Clara, California, USA

Relocation: YES

Visa: H1B

PREM REDDY KOTHA Santa Clara, CA Email: [email protected] Phone: +1 913 828 3021 Profile/Summary: Experienced SAP FICO functional consultant with more than 8+ years of implementation and configuration experience in the FI and Co modules. I was involved in two full-cycle implementations, upgrades, and production support projects and participated in all phases of the ASAP methodology and blueprinting. Experience in analyzing business requirements, configuration, process mapping, testing, documentation, and end-user training. Involved with business process re-engineering and process improvement, multitasking, and the ability to prioritize meeting deadlines. I worked in the areas of FI-GL transactions and configuring General Ledger (G/L), Accounts Payable (A/P), Accounts Receivable (A/R), Asset Accounting (A/A), Bank Accounting and Controlling (CO), with specific expertise in internal order management (IO), cost center accounting (CCA), profit center accounting (PCA), and product costing within Cost and Profitability Analysis (COPA) Responsible for the inbound and outbound process of house banks, bills of exchange, manuals, and electronic bank statements. I worked on lockbox processing, app automatic program and dunning electronic funds transfer and bank statement processing, exchange rates and translation ratios, bank reconciliation, and cash journaling. Expertise in creating company codes, posting period variables, assigned document number ranges, tolerance groups for customers, G/L accounts, and users. Define the required customization in Accounts Payable. Configured for payment terms, vendor groups, number ranges, and an automatic payment program. Created and maintained customer master data along with customer groups, payment terms, Payment Terms, Reporting, down payment, discount, overpayment, and underpayment. I worked on configurations in assets, like copying the reference chart of depreciation, making the required configurations for account determination, asset classes, and screen layout rules. Defined number ranges, valuation of assets in different depreciation areas, external asset acquisition, in-house asset acquisition, and cross-company code transfers in asset accounting (A/A). I worked on Biller Direct, Bank Settings, EBS Settings, and Basic Treasury Management Settings Risk and Securities Management. Responsible for the projects for A/R and FSCM and driving the blueprint discussions for both A/R, Cash application dispute and collection modules. I worked on the Dispute Management module, which includes the design and configuration of a check-free case record model using FSCM. Analyzed the existing credit control process of the business process and defined the credit control structure in SAP on Credit Management using FSCM. Configured a new G/L for document splitting and provided a document simulation facility rather than waiting for the period-end process. I worked on CO-PA (Profitability Analysis) reporting, forms, planning, derivation rules and structures, product and customer hierarchy, PA settlement, realignments, and integration issues with Sales & Distribution. We made necessary changes to reconcile PCA to CO-PA for P&L accounts, including modifications to CO-PA user exits and the creation of new field status groups. Configured controlling area: activate components and control indicators. Assign number ranges to the controlling area. Integrate FI and CO. Configured operating concern and maintained CO versions, defined characteristics, value fields, and attributes. Significant knowledge in the integration aspects of SD and MM modules with FI/CO. I worked on integration between SAP FI-MM, FI-SD Manage data translation processes to ensure compatibility between SAP IDOCs and external EDI standards. Functional specification for customized reports and LSMW for conversion and transfer of master and transactional data from legacy systems to SAP systems Knowledge of report writers, report painters, CATT, and ABAP queries. Strong technical and analytical skills combined with outstanding leadership ability and creative problem-solving skills in both strategic and tactical areas. Key skills: ERP ECC 6.0 and S4 HANA SAP Financial: General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting, Bank Accounting. Controlling: Cost Element/Cost Center Accounting, Profit Center Accounting, Internal Orders, Profitable Analysis, and Product Costing. Technical ABAP Query, Report Painter, Report Writer, CATTS, LSMW, ASAP Methodology. Databases MS Access and My SQL Applications MS Word, PowerPoint, and Excel. Platforms Microsoft Windows 7.0 Professional experience: Client: TBC Corporation Role: SAP FICO Consultant Environment: SAP ECC 6.0, S4 HANA June 2022-Present Responsibilities: I collected and analyzed user business requirements, identified and defined areas for improvement, prepared specifications for development, configured, troubleshot, and supported systems users. Analysis of all open items, foreign currency revaluation, reclassification of payable and receivable, clearing of goods receipt/invoice receipt GI/IR accounts, performing reconciliations, profitability allocations by business area. Configured company code, which includes creating a chart of accounts, a defined posting period variant, a retained earnings account, document types, and tolerance groups for employees, created a financial statement version. Followed the ASAP Implementation methodology, designed the business processes, wrote blueprint phase documentation, and completed configuration during the realization phase. Designed the process of payment proposal approvals for different payment methods like ACH, wire, check, and P-cards in A/P. Involved in modeling of invoice processing, Disbursement run, check printing and bank reconciliation processes for A/P. Eliminated Duplicated Inter-Company AR/AP Postings in Cross-Company Sales Orders, Ensured That SD Billing Document Invoices Are Posted in FI. I worked on bill of exchange configuration and processing in FI-AR by configuring the reconciliation accounts in the special GL. I worked on customer transactions, master data, payment terms, cash application, lockbox processing, mapping bank lockbox format with SAP lockbox format, and customizing payment advice notes on Accounts Receivable (A/R). I worked on correspondence types on A/R, which means different outputs that can be printed and sent to your business partners based on customer G/L information. Responsible for A/R customer transactions, credit management, check printing, payment terms, cash application, lockbox processing, cash receipts, clearing, and month-end and year-end activities. participate in data migration activities to ensure the smooth transition of financial data from legacy systems to SAP S/4HANA. Develop and configure financial reports using SAP S/4HANA reporting tools Used Biller Direct in FSCM for electronic invoicing and payment collection. Managed electronic customer billing disputes, receivables, collections, and customer credit risk using FSCM. Used Collection Management functionality in FSCM for creating a collection work list and preparing and documenting customer contacts. Cleaned legacy customer master data. Reviewed customer address data, credit limits, dunning, line-item displays, and carry forward balances. Configured automatic payment program for check, wire, and ACH payments. I worked on logistics invoice verification (LIV or GR-IR verification) in FI-MM (Procure to Pay) integration and configured account determination for FI-SD (Order to Cash) cycles. Created bank master data, house banks, EDI, ERS, G/L accounts for each bank account, and reconciliation accounts for vendors, customers, and assets. Provided functional assistance in the development of RICEF (reports, interfaces, conversions, enhancements, and forms). Created custom KE31 reports for the management and users in CO-PA. Resolved end-user issues involved in cost roll, WIP calculation, variance calculation, and period end settlement in different plants By setting the status to TECO that was not billable, we resolved issues in product cost by sales order and production order. Configured Cost component structure and roll-ups, BOM. Set up a material cost estimate with a quantity structure. I worked in the PTP (procure-to-Pay) business process. Client: Radial, Inc. March 2021- May 2022 Role: SAP FICO Consultant Environment: SAP ECC 6.0, S4 HANA Responsibilities: Meetings are arranged with SMEs to obtain a snapshot of the company s existing business processes and provide an easy alternative to their legacy system using SAP best practices. Documented all changes and revised the business process procedures to facilitate the changes from the client's legacy system. Performed an AS-IS study and came up with a TO-BE analysis to have a complete GAP analysis. I created a detailed description of the configuration that needs to be done in the SAP system. Finalization of the chart of accounts and LSMW for upload of the accounts group and field status group that existed previously in the company. Configure various components in the SAP FI/CO, like Accounts Receivable (A/R), Accounts Payable (A/P), and General Ledger Accounts. I configured adjustment accounts for reconciliation postings and document number ranges for the reconciliation ledger and worked on reconciliation accounts for A/R and A/P. I worked on credit limits for customers, configured the system for partial, residual, and disputed payments for A/R and A/P, defined ERS number ranges and criteria, and performed dunning. Created vendor transactions, master data, check management, house banks, payment terms, deduction management, Clearing inter-company vendor/customer open items, Logistic invoice verification, Evaluated settlement. I have significantly worked on AR-customer transactions, master data, payment terms, cash application, lockbox processing, mapping bank lockbox format with SAP lockbox format, and customizing payment advice notes. In fixed asset management, a copied reference chart of depreciation, an assigned chart of depreciation, a specified number assignment across company codes, and an account determination Four depreciation areas are created to take care of book depreciation, tax depreciation, cost depreciation, and management depreciation. I created a chart of depreciation and carried out settings for the asset company code. I made settings for GL accounts for AUC, loss or gain on asset disposal or retirement, for posting depreciation under different depreciation areas. Maintained lockbox configuration for automatic incoming payments, cash management, planning levels in Treasury and EDI, and month-end closings. Provided support for the configuration, implementation, and testing of the customer master records and incoming payments, banking, and intercompany transactions. Responsible for configuring the dunning program and defined the layout and functional specifications for creating dunning letters, which will have the ability to be both mailed and emailed. Involved in the design and configuration of the HBI case record model, attribute profile, case types, workflow, status profile, function profile, and automatic write-off settings in dispute management. Designed and configured automatic correspondences to customers and workflows for internal business users in FSCM. Controlled the company s accounts receivable processes and ensured cash flows through online billing and more streamlined handling of billing disputes and collections using FSCM. Used collection management in FSCM to ensure faster collection of delinquent payments. Resolved accounts receivable disputes faster and more systematically through prioritized collection management. Used FSCM to employ tools to analyze credit worthiness and establish policies. Enabled customers access to invoices, account status, and payment information over the internet. Configured Dummy Profit Center for Statistical Postings, Maintained Plan/Versions, Maintained the Master Data, Defined Profit Center Hierarchy, provided support for Account Determination for internal goods movement and for production variances. Created internal orders for different order types, a planning profile, a settlement profile, settlement rules, and month-end settlements at various cost and profit centers. Maintained number ranges for settlement and controlling documents and for variance documents; defined posting rules for settlement to financial accounting with different G/L accounts. Configured valuation areas for material ledgers, maintained number ranges for material ledger documents, and assigned currency types to material ledgers. Ensured that the project and the WBS element followed a naming convention that allowed them to be readily identified by the function and the department. I extensively worked on both the order-to Cash (OTC) process in association with the SD team and the procure-to-pay (PTP) process with the MM and manufacturing teams. Provided end-user training and prepared documentation for the end-users. Client: State Street April 2020 Feb 2021 Role: SAP FICO Consultant Environment: SAP ECC 6.0 Responsibilities: Leverage SAP FICO expertise to oversee and execute daily fund accounting operations. Ensure precise net asset value (NAV) calculations and reconcile financial data for accuracy. Work closely with portfolio managers, custodians, and auditors to identify and resolve discrepancies promptly. Facilitate effective communication to ensure compliance with fund accounting standards. Perform daily reconciliation of trade settlements, corporate actions, and cash transactions within the SAP environment. Utilize SAP capabilities to enhance accuracy in reconciling various financial transactions. Prepare and review fund expense accruals using SAP FICO functionalities. Calculate fees accurately, ensuring adherence to fund accounting policies and client agreements. Monitor data exchanges with custody and internal departments, including pricing, corporate actions, trade, and the expenses team. Collaborate within the SAP system to ensure timely receipt of data and transactions, maintaining data integrity. Utilize SAP reporting tools to prepare financial statements, quarterly reports, and other client deliverables. Ensure the accuracy and completeness of financial reporting in compliance with regulatory requirements. Actively participate in fund audits, providing necessary documentation and explanations. Utilize SAP data to facilitate the audit process and ensure transparency and compliance. Assist in onboarding new clients, ensuring a seamless transition in fund accounting services. Play a key role in the migration of client accounts to a new accounting platform, leveraging SAP capabilities to ensure data accuracy and client satisfaction. Identify opportunities for process improvement within the fund accounting framework. Propose and implement enhancements in SAP FICO configurations to optimize efficiency. Provide training to internal teams on SAP FICO functionalities and best practices. Facilitate knowledge transfer to ensure the team's proficiency in utilizing SAP for fund accounting operations. Client: State Street Mar 2018 Apr 2020 Role: Analyst Environment: SAP ECC 6.0 Responsibilities: Utilized SAP FICO modules to conduct daily reconciliations of trade settlements, corporate actions, and cash transactions. Ensured real-time accuracy and alignment of financial data within the SAP system. Played a pivotal role in the successful migration of client accounts to a new accounting platform, utilizing SAP functionalities. Emphasized data accuracy, seamless transitions, and prioritized client contentment during the migration process. Developed and meticulously examined accruals for fund expenses within the SAP FICO environment. Executed precise fee calculations, aligning with fund accounting policies and regulatory requirements. Swiftly and professionally addressed client and internal stakeholder inquiries related to fund accounting processes. Utilized SAP communication tools to ensure prompt and accurate responses to inquiries. Played a key role in upholding regulatory compliance standards within SAP FICO. Ensured that fund accounting operations met regulatory requirements, leveraging SAP capabilities for precise compliance. Provided essential support to auditors during interim, quarterly, and annual audits using SAP FICO data. Addressed various audit queries, generated pertinent reports, and facilitated a smooth audit process. Client: FactSet Oct 2015 Mar 2018 Role: Analyst Environment: SAP ECC 6.0 Responsibilities: Leverage FactSet's data and analytics tools within the SAP environment to extract pertinent financial information. Ensure seamless integration of FactSet capabilities with SAP modules for comprehensive financial insights. Conduct in-depth research and analysis of companies within the sector, utilizing SAP tools to enhance data accuracy and analysis efficiency. Utilize SAP modules to cross-reference and validate financial data obtained from FactSet. Build detailed financial models within SAP, forecasting revenue, earnings, and cash flows. Utilize SAP FICO functionalities for accurate representation and analysis of financial projections. Utilize FactSet's platform integrated with SAP to gather and analyze data on companies, industries, and economic indicators. Optimize SAP modules for streamlined data processing and comprehensive analysis. Prepare presentations and reports on industry trends, market conditions, and company performance using SAP reporting tools. Ensure seamless integration between FactSet and SAP for the generation of comprehensive and visually appealing reports. Monitor and report on relevant news, events, and economic indicators affecting the financial markets. Utilize SAP modules to enhance the speed and accuracy of tracking and reporting on market-related information. Contribute to the development of investment strategies and asset allocations, leveraging SAP FICO for financial planning and analysis. Ensure alignment of SAP configurations with the evolving investment landscape and strategy. Collaborate with portfolio managers to provide investment insights and recommendations. Utilize SAP modules to actively participate in portfolio management, monitoring positions, and tracking performance. Integrate relevant SAP modules beyond FICO, such as SAP MM (materials management) and SAP PS (project system), to ensure comprehensive data coverage. Collaborate with IT teams to enhance the integration of SAP with external tools like FactSet. Identify opportunities for process improvement within SAP and FactSet integration. Propose and implement enhancements to SAP configurations to optimize the efficiency of financial analysis and reporting. Education: Osmania University Bachelor of Commerce 2012 2015 Keywords: materials management sfour rlang information technology microsoft Arkansas California Colorado Pennsylvania South Dakota