Praveen Pothugunta

About Praveen Pothugunta

Fellow Chartered Accountant (FCA), Fellow Cost and Management Accountant (FCMA) and Masters in Commerce (M.Com)• 4 Years of experience in Record to Report (R2R) of Parent and Holding Group Company of Enterprise & Technology Solutions (ETS) business unit of Unilever• 6 Years of experience in Finance and Accounts (F&A) Financial Planning and Analysis (FP & A) of HP Financial Services and HP Enterprise Services business units of Hewlett Packard Enterprise (HPE) • Completed 3+ years of Articles at Naidu & Rao, Chartered Accountant firm• Month End Closing, Financial Reporting, Corporate Reporting, Account Reconciliation, Balance sheet Review, Royalty Accounting, Risk Management, Planning, Budgeting, Forecasting, Variance Analysis, Team Management, and Effective Communication are the key skills• Hands on SAP Financial, Controlling, Project Systems and Business Intelligence (BI) modules• Handled remote transitions of F&A projects from onsite and partner locations to offshore shared services center in India• Stabilized all those transitions within a span of 6 months along with all the SOPs in place• Secured the merit score throughout the academics with all India Ranks in professional courses like CA / CMA• Continuous and quick learning, Team Building and Positive thinking are the major strengths• Received many accolades during a tenure of last 10 years at HP & Unilever

Experience

1. Assistant Manager Fccr at Unilever

   Unilever

   Sep 2016 — Present · Bangalore, IN

   There are a lot of costs (incl. projects) within Unilever which are international in nature (global and regional cost). These costs benefit multiple countries (without being individual and specific to those countries) rather than the original country initially incurring the cost. An allocation of these based on different allocation drivers (mainly turnover) across multiple countries is used to reflect fair share and ensure optimal tax deductibility. FCCR process aggregates and allocates these costs between the Countries, from Countries to Parent & Holding (P&H) and from P&H to Countries. The process of running the allocation is executed centrally by FCCR Team by using the FCCR Allocation Engine.Key activities summary:• Support in end to end management of Financial Central Cost Recovery (FCCR) process across Unilever• Subject matter expertise in Indirects accounting (both financial and management) accounting operations• Establishing good network with Stakeholders in Group Controllers Department, country finance teams, tax team and master data team• Excellent service deliveryFCCR Accounting and Reporting• Implemented and roll of new FCCR process across Unilever. This is a key project for the Unilever Finance team.• Acting as a gatekeeper and ensure that right costs are accounted under ICCs (International Cost Centres) and GLCs (Global Local Cost Centres) at right place• Ensure that only international costs are charged to Corporate Centres• Ensure the integrity of allocation process (both Financial and Statistical)• Acted as subject matter expert in the new FCCR policy guidelines• Ensure accuracy of outputs of new IT tool (allocation engine)• Analyse trends in costs, answer questions from stakeholders, if any issues crop up follow up with the respective teams for resolution• Work on continuous improvement projects and achieve efficiencies

Education

• The Institute of Chartered Accountants of India

  CA, Accountancy, Financal Management, Auditing, Company Law, Cost Accountancy, Income Tax etc

  2005 — 2010

• Institute of Cost Accountants of India

  ICMA, Costing, Management accounting, Taxation,Operational Management etc

  2004 — 2007

• Sri Venkateswara University

  B.com (Commerce)

  2004 — 2007

Skills

• Microsoft Office
• Enterprise Resource Planning (Erp)
• Forecasting
• Internal Audit
• Sap Fico
• Financial Analysis
• Teamwork
• Team Management
• Budgeting
• Finance
• Variance Analysis
• Management Information Systems (Mis)
• Business Development
• Sap Ps
• Employee Relations
• Mis
• Project Accounting
• Corporate Finance
• Talent Acquisition
• Financial Modeling
• Auditing
• Strategic Financial Planning
• Business Analysis
• Financial Accounting
• Financial Reporting
• Accounting
• Vendor Management
• Management