Mrunali Raut
Burnaby,BC
Summary
Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Financial Analyst
Flow Alkaline Spring Water
06.2022 - Current
- Financial Reporting: Prepared consolidated financial statements for a portfolio of Canada & USA entities.
Created detailed MD&A reports with notes, resulting in 24% improvement in report comprehensiveness.
Posted top-side entries for consolidating financial data across Canada and USA entities, ensuring accuracy and compliance. - Month-End and Year-End Close: Supported month-end and year-end closing procedures, reconciling Bank accounts monthly, resulting in 44% reduction in discrepancies and improved 77% efficiency by implementing rules in software for recurring transactions
Processed reconciled intercompany transactions, and journal entries during each close period and implemented macros for monthly schedule of prepaid expenses, security deposits, and investor interest payments resulting in improved overall efficiency by 90%. - Financial Analysis: Analyzed cash inflows and outflows, providing insights to maintain operational liquidity. Developed and presented a weekly dashboard to CFO, highlighting key performance indicators (KPI) and facilitating quick decision-making.
Conducted monthly variance analysis between budgeted and actuals, identifying cost-saving opportunities that led to 18% reduction in expenses - Annual Budgeting and Forecasting: Assisted in annual budgeting and forecasting process, contributing to development of accurate financial projections and goals.
- Process Improvement: Led collaboration with cross-functional teams to automate cash flow reports, reducing reporting time by 50%.
Implemented Micro Strategy visualization software, resulting in 100% improvement in data accuracy and visualization capabilities. - ERP System Implementation: Managed successful implementation of new ERP system, overseeing testing procedures and developing SOPs.
Achieved 34% reduction in processing time and improved data accuracy through new ERP system. - Audit Management: efficiently handled requests from external auditors for interim and year-end periods,
Finance Control Analyst
Teachers Insurance Annuity Association, TIAA
10.2020 - 07.2021
- Prepare and record journal entries for various financial transactions, including revenue, expenses, accruals, and adjustments
- Account Reconciliation: Proficiently managed intercompany transactions and reconciliations within multinational group, resolving historical discrepancies and ensuring accuracy of financial records within designated accounts
- Audit: Support financial audits conducted by both internal and external auditors by providing necessary documents, justifications, and assistance
- Accounts Payable: Ensure that posted invoices and employee expenses comply with company policies and procedures, including proper coding and approval for payment
- Process Improvement: Successfully transitioning 93% of check payments to more efficient wire/ACH payments in 2020-2021, resulting in significant cost savings and streamlined payment processed
- Reduced risks by conducting thorough audits and identifying potential control issues.
Senior Associate
Marsh & McLennan
07.2018 - 09.2020
- International Process Transfer: Worked with UK team members in person to understand the process and successfully migrated to India
- Cleared 90% of discrepancies from vendors’ ledger before migration by complex reconciliation
- Accounts Payable: Prepare and process payment runs, which include ACH payments, checks, and electronic transfers
- To benefit from early payment savings and prevent late fees, make sure payments are paid by set payment terms
- Account reconciliation: Reconcile Accounts payable transactions with vendor statements and ledger entries and resolve differences and discrepancies
- Process Improvement: Successfully reduced aged Accounts Receivable (AR) and unallocated cash by an impressive 43% for items aged over 182 days in just three weeks through effective teamwork and problem-solving
- Financial Account Phishing Training: Led training initiatives within accounting team to recognize and prevent phishing emails and fraudulent payment requests, resulting in successful implementation of robust verification processes for financial transactions and sensitive data sharing
Executive
CMA CGM
02.2017 - 07.2018
- Vendor bill processing encompasses the meticulous review and categorization of invoices, ensuring alignment with purchase orders and receipts while adhering to corporate regulations
- Prepared payments through methods like checks and electronic transfers, maintaining compliance with predefined payment terms
- Worked extensively with stakeholders to discover automation scope and reduced 70% (approx
- 15000 invoices) in AP backlog aged >365 days by implementing automation process in 2016-2017
- Identified recurring vendors and payments, then seamlessly integrated them into automated tool GATI to optimize AP process
- This initiative not only saved equivalent of 1.5 team members' manual processing time but also achieved a flawless 100% accuracy rate
Accountant
SGMS Maintenance Service
05.2014 - 08.2016
- Payable & receivable: Manage accounts payable by making sure that bills are paid on time, and accounts receivable by keeping track of customer payments and pursuing unpaid invoices
- Record Maintenance: Keep organized, well-documented financial records to make audits and financial reviews simple
- Bank Reconciliation: Reconcile bank, and credit card statements with financial records to ensure that all transactions are accounted for and there are no discrepancies
- Assist in monthly sales tax and GST calculation and submission
- Support internal and external auditors as per requirement
Education
Master of Global Management - Business Administration
Royal Roads University
Victoria, BC04.2023
Bachelor of Commerce - Accounting and Finance
University of Mumbai
Mumbai03.2014
Skills
- Accounting Principles
- GAAP and Statutory Reporting
- General Accounting
- Due Diligence
- Project Management
- Budget Support & Financial Modeling
- Knowledge of ERP (Enterprise Resource Planning) Software: Oracle (R11 & R12), XERO, Salesforce,
- Data Analysis: Microsoft 365, Google Sheets, PowerPoint, SQL
- Data Visualization: Micro Strategy, Power BI, Tableau
Additional Information
- ACCOMPLISHMENTS/ AWARDS , Volunteered with the Employee engagement committee and organized over ten virtual events to connect the team with the leadership in TIAA 2020-2021 Awarded the “Propeller Award” for the best performance in CMA CGM 2018 Awarded with “Spot Award” for the best performance in SGMS Maintenance Service 2016
Languages
English
Full Professional
Hindi
Native or Bilingual
Marathi
Native or Bilingual
Certification
- CPA Candidate - Present
Timeline
Financial Analyst
Flow Alkaline Spring Water
06.2022 - Current
Finance Control Analyst
Teachers Insurance Annuity Association, TIAA
10.2020 - 07.2021
Senior Associate
Marsh & McLennan
07.2018 - 09.2020
Executive
CMA CGM
02.2017 - 07.2018
Accountant
SGMS Maintenance Service
05.2014 - 08.2016
Master of Global Management - Business Administration
Royal Roads University
Bachelor of Commerce - Accounting and Finance
University of Mumbai
- CPA Candidate - Present
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