Open To Work
Parimala Meyyappan
Financial Executive/Analyst
Singapore,Singapore
Work Preference
Summary
Dynamic financial professional with extensive expertise in financial data analysis and strategic forecasting, recognized for a collaborative approach that consistently drives results in fast-paced environments. Proven track record in managing substantial budgets, exemplified by successful oversight of a €20 million IT budget for the APAC region, achieving an impressive 96% CAPEX budget utilization through meticulous planning and forecasting. Skilled in identifying discrepancies between procurement and accounting data to uphold financial accuracy, conducting thorough cost comparison analyses to pinpoint excessive spending, and recommending effective cost-saving strategies. Proficient in leveraging advanced financial software and analytical tools to facilitate seamless information flow between finance and accounting departments, ensuring informed decision-making aligned with organizational goals.
Overview
10
10
years of professional experience
5
5
Certification
5
5
years of post-secondary education
Work History
Assistant Manager, Business Governance
Mercedes Benz Singapore (SAGL Consulting)
10.2024 - Current
- Managed infrastructure service agreements and invoice handling to uphold quality standards while identifying discrepancies for team and management evaluation.
- Conducted comprehensive analysis and compilation of financial reports, including income and expense statements.
- Achieved improved financial insights through comprehensive analysis supporting business decisions. Enhanced budget performance monitoring and variance reporting processes. Established robust cost control systems to optimize expenditures. Developed dynamic Power Query and Power BI dashboards for real-time tracking of income and expenses.
- Monitored and maintained licensing agreements to safeguard organizational assets and mitigate risks.
IT Finance and Administration
Sephora Asia Pte Ltd (persol Kelly)
11.2021 - 10.2024
- Managed and tracked the Overall APAC budget for IT Department.
- Designed and Developed IT Financial Management Dashboard using Power BI to track forecast, budget, actual expenses
- Devised and Implemented Project Code based OPEX and CAPEX spend to ensure accurate categorization of expenses for meaningful reporting and identify opportunities to use data to drive business decisions
- Manage all IT Procurement via procurement System for IT and drive an accurate and timely month end close by owning the accrual process and explaining the variance drivers.
- Automated Monthly spend report for IT stakeholders to advise on the GAP between budget vs actuals.
- Tracking all expenses (accrued + actuals) are within the budget limits and identify potential cost saving opportunities.
- This involves variance analysis to assess the performance of the project and providing insights for decision making.
- Drive processes in Procurement Life Cycle for IT and EUC requirements, Execute Contracts and Perform goods receipt for procured items.
- Managing vendors and Invoicing Process. Dispute Handling when there is issue with Invoice between Accounts Payable and Vendor
- Collaborate with Regional Business Stakeholders, Supply Chain, Finance, Legal, Human Resources to create and manage the IT budget, forecasting future expenses and manage budget.
- Under contract of PersolKelly
Finance and Admin Executive-part time
Cash in Asia Pte Ltd
11.2019 - 10.2021
- Oversaw the management of all company accounts
- Ensured accurate financial records to support seamless operations, handling accounts payable, receivable, and bank reconciliation.
- Created an organized Excel database to streamline monitoring of client accounts and associated financial charges.
- Analyzed and summarized loan disbursement approval rates and customer conversion rates in weekly updates for management review.
- Preparation of Management reports and adhoc reports.
- Remained professional and acted with Utmost integrity in maintaining the financial matters of the company and all bank transactions.
- Provide daily Update of Aging customers to collections team for seamless collection process.
- Partnered with IT team to streamline loan management processes, ensuring precision in loan calculations.
- Collaborated with accounting firm to facilitate migration of accounting data to Xero.
- Streamlined payroll operations and ensured meticulous management of staff leave claims and records using HR software.
- Good Knowledge of various grants available under Singapore government
Accounts Executive
Tan Mondial Pte Ltd
05.2018 - 10.2019
- Review, verify and process accounts payable transaction
- Generate invoices and verify billing input
- Receive and process payments. Follow up on collections.
- Perform bank reconciliations
- Process staff salary, expense claim and ensure claims are properly authorized
- Maintain petty cash
- Research and resolve account reconciling items
- Assist in monthly close procedure
- Singapore
Receivable Management Executive
Pinnacles Credit Services
12.2015 - 03.2018
- Prepare and Review Monthly AR reports (Disputes, DSO and Ageing Reports)
- Review and manage blacklist database
- Co-Ordinate with Customers and legal firms to initiate actions for delinquent account’s
- Investigate, conclude complaint’s and liaise with internal, external parties
- Processing of day-to-day billing and collections
- Preparing actionable payments/receivables data received from customer.
- Prepare monthly statement of accounts for customers.
- Singapore
- Achievement: Awarded a cash prize for executing my duties well in the absence of my manager and also covering her in her maternity.
Financial Analyst
Ernst and Young SSL
10.2006 - 03.2009
- Designed and Created Monthly Reports. This involves preparation of reports on revenue, Expenses, charged hours and utilization.
- Preparation of monthly, quarterly and annual closing reports.
- Facilitated Month end close process, journal entries, account reconciliations
- Monitored and analysed Key performance Indicators and Financial ratios.
- Error handling, Suspense clearing and handling audit queries
- Update journals and adjustment entries
- Receiving and processing all invoices, expense forms and requests for payment
- Preparation of AR Aging Reports
- Preparing and maintaining list of over dues and transferring it to Director of Finance for adjustments, write-off or collections
- Review of actual and Forecasted data
- Bangalore, India
- Achievement: Awarded extra miler award and was rated efficient for two years successively
Education
MBA - Finance
Thiagarajar School Of Management
Madurai 06.2004 - 06.2006
Commerce & Accounting
Lady Doak College
Madurai 06.2001 - 04.2004
Skills
Experienced with Microsoft Office tools
Competent in Power BI analysis
Experience with SAP FICO
Business Objects reporting skills
Hyperion data analysis
Efficient data counting
Experience with Xero accounting
Money handling for the startup Managed Bank accounts of the company
Conflict resolution Have successfully resolved the financial issues between the company and IT vendor
Cost reduction & Cost control
Financial management
Budgeting and finance Business administration
Accomplishments
Achieved 96% CAPEX utilization by introducing naming conventions for projects and grouped them into correct classification and further visualized in powerBi bringing more transparency on budget availability and Utilization to the business and Service owners under IT .
Successfully setup the accounting for a startup and identified the software necessary and applied SG grant for the same and later helped the firm in transitioning the accounting to 3rd party vendor.
Brought visibility on the expenses of IT department by developing a excel dashboard to track the GR, IR and Accruals.
Certification
- SAP ERP Financials, version ECC 6.0
- Power BI (Desktop & Service) – Udemy
- AI for Financial Analysis - Udemy
- Microsoft Copilot for Excel: AI-Powered Data Analysis - Udemy
Languages
English
Tamil
Hindi
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Affiliations
- SAP FICO
Software
SAP
Xero
Buisness Objects
Power BI
Hyperion
MSuite
Timeline
Assistant Manager, Business Governance
Mercedes Benz Singapore (SAGL Consulting)
10.2024 - Current
IT Finance and Administration
Sephora Asia Pte Ltd (persol Kelly)
11.2021 - 10.2024
Finance and Admin Executive-part time
Cash in Asia Pte Ltd
11.2019 - 10.2021
Accounts Executive
Tan Mondial Pte Ltd
05.2018 - 10.2019
Receivable Management Executive
Pinnacles Credit Services
12.2015 - 03.2018
Financial Analyst
Ernst and Young SSL
10.2006 - 03.2009
MBA - Finance
Thiagarajar School Of Management
06.2004 - 06.2006
Commerce & Accounting
Lady Doak College
06.2001 - 04.2004