Jakanathan Balakrishnan
Kuala Lumpur
Work Preference
Summary
Finance leader with 13+ years of experience in intercompany accounting (A2R), financial reporting and statutory audits for multinational companies. Proven track record in leading shared services operations, driving global intercompany, and delivering process improvements that enhance accuracy, efficiency, and control. Experienced in managing regional teams, leading process migrations, and partnering with stakeholders to strengthen finance operations and support business objectives.
Overview
14
14
years of professional experience
Work History
Regional Intercompany Manager
Baxter Shared Service Kuala Lumpur
02.2022 - Current
- Manage a team of Intercompany Accountants
- Collect and/or prepare and review appropriate supporting documents for all Intercompany activities from the business units
- Prepare manual journals for various transactions impacting intercompany, with adequate supporting documentation
- Reconcile balances across all entities globally on monthly basis
- Resolve differences in balances and invoicing issues on timely basis
- Provide audit support specific to intercompany accounting
- Support regional and global reporting requirements on intercompany for all areas under Regional Controllership responsibility (e.g., monthly B/S and P&L Flux reviews)
- Support monthly/quarterly/annual close processes and work closely with Regional Controllership teams.
- Ensure adherence of processes to company's policies and procedures, internal and external audit requirements and local rules and regulations; support strengthening of financial processes and controls
- Support local, regional, and global projects, as required
- Maintain focus on continuous process improvement
Manager – Financial Reporting
Courts Malaysia (M) Sdn Bhd
11.2019 - 12.2021
- Responsible for monthly closing, quarterly closing, year-end closing and statutory financial reports for Courts Malaysia and its subsidiaries. This would include reports for group reporting, internal management reporting and statutory reporting.
- Lead and develop the Financial Reporting team and ensure team competence meet current and future business needs.
- Lead all aspects of the day-to-day accounting and financial reporting operations required to support the business.
- Perform flux analysis, transaction posting review and cost centre checks and for monthly closing, quarterly closing, year-end closing.
- Responsible for statutory audit, provide and prepare the necessary information for audit purposes, follow-up on audit findings and recommendations.
- Facilitate and prepare the necessary information for company tax returns and the accurate, timely filing of all tax forms.
- Liaise with relevant stakeholders on Financial Reporting work issues and queries.
- Perform ad hoc analysis and projects as requested.
External Assistant Audit Manager
Deloitte Malaysia
01.2016 - 10.2019
Senior, Fraud Investigation and Dispute Services
Ernst and Young Malaysia
01.2015 - 12.2015
Audit Associate – Audit Senior
Mazars Malaysia
11.2011 - 11.2014
Education
CPA -
CPA Australia
12.2021
Graduate Diploma - Information System Management
La Trobe University
06.2011
Bachelor - Accounting
La Trobe University
06.2010
Skills
Intercompany Accounting & Reconciliation (A2R processes)
A2R process improvement & Finance transformation
Process Transition & Migration (global-to-regional transitions, shared services)
Financial Reporting (Statutory, Group, Management)
Balance Sheet & P&L Review (flux and variance analysis)
Audit & Assurance (statutory audit, group audit)
IFRS / US GAAP Compliance
Team Leadership & People development
Oracle JD Edwards / Microsoft Dynamics NAV / Microsoft Excel - advanced
Stakeholder Engagement & Business Partnering
Analytical & Problem-Solving Skills
Fluent in written and spoken English and Bahasa Malaysia
References
Provided upon request.
Accomplishments
- Led two major migration projects (KL GBS opening in 2022 and Kidney Care segment separation in Q2 2024) within strict timelines, achieving minimal knowledge loss and ensuring independent team operations.
- In Baxter, I eliminated late entries and improved WD 3 closing efficiency by redesigning reconciliations, simplifying processes, and ensuring common imbalances
- Appointed as lead senior auditor for SK Target Group Limited IPO, preparing the Reporting Accountants Report and driving successful listing on the GEM board of the Hong Kong Stock Exchange (2017).
- Appointed as lead senior auditor for Besi APac Sdn Bhd statutory audit (2016), improving audit quality and strengthening client relationships, recognized with commendation from group auditors.
- Recognized by Baxter for Resilience Award
Languages
English
Bilingual or Proficient (C2)
Malay
Bilingual or Proficient (C2)
Timeline
Regional Intercompany Manager
Baxter Shared Service Kuala Lumpur
02.2022 - Current
Manager – Financial Reporting
Courts Malaysia (M) Sdn Bhd
11.2019 - 12.2021
External Assistant Audit Manager
Deloitte Malaysia
01.2016 - 10.2019
Senior, Fraud Investigation and Dispute Services
Ernst and Young Malaysia
01.2015 - 12.2015
Audit Associate – Audit Senior
Mazars Malaysia
11.2011 - 11.2014
Graduate Diploma - Information System Management
La Trobe University
Bachelor - Accounting
La Trobe University
CPA -
CPA Australia