Sohan Rai
Finance Associate, Aiming for Strategic Roles with Strong Analytical and Financial Expertise.
- Role
- Finance Associate at Rare Carat
- Location
- Visakhapatnam, AP, IN
- LinkedIn followers
- 500 followers
About Sohan Rai
Data-driven Finance Professional with 4+ years of expertise in accounts payable…
Experience
Finance Associate
Aug 2024 — Present · NY, US
Managed comprehensive accounts payable operations for 300+ vendors, reducing payment processing errors by 30% and eliminating late payment penalties through systematic workflow optimization.• Processed $140M+ in annual vendor payments via Wire and ACH transfers while maintaining 100% compliance with daily $1M transaction limits and zero security incidents.• Optimized vendor reconciliation workflows by implementing systematic ledger statement generation for 200+ accounts, accelerating credit resolution timelines by 40% and clearing $5M+ in outstanding credits.• Executed timely reconciliations for 250+ vendor accounts, achieving 100% accuracy rate and reducing payment discrepancies by 30% through enhanced tracking systems and process standardization.• Developed automated invoice processing system to analyze 50+ daily vendor emails, extract key data points, and update centralized database, increasing processing efficiency by 40% and eliminating manual data entry errors.• Engineered comprehensive executive dashboards featuring daily AP summaries and top 5 receivables analysis through advanced Excel modeling (pivot tables, slicers, conditional formatting), delivering actionable financial insights to C-suite leadership for data-driven cash flow optimization and vendor strategy.• Engineered vendor credit analysis automation by integrating Returns Crew data, Rare Carat database, and Invoice Verification systems, reducing manual processing time by 70% and improving data accuracy to 100%.• Utilized NetSuite to track vendor invoices, process payments, and reconcile transactions, ensuring real-time visibility into payables and improving month-end close efficiency by 25%.• Compiled monthly financial summaries for 2 bank accounts, analyzing net transaction flows and delivering executive-level reports to support cash management and strategic financial planning.
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