Summary
Overview
Work History
Education
Skills
Accomplishments
Section name
Timeline
Generic

Selvi Bharani

Markham,ON

Summary

A Senior Accounts Payable/Receivable Manager with a solid background in finance and business operations and treasury supported by a Bachelor of Business Administration (BBA) degree; completion of the Chartered Accountant (ACA) program through the Institute of Chartered Accountants, UK; and completion of the 4th level of the CGA program.

Overview

26
26
years of professional experience

Work History

A/P Manager (Epicor to SAP)

Boston Scientific (Baylis Medical)
02.2022 - Current
  • Establish industry standard key performance indicators to be measured, monitored, and reported monthly to ensure payments are being made timely and accurately, using the appropriate payment method for various companies in multiple currencies
  • Directs a team to provide timely and accurate processing of vendor payments, discrepancy resolution and vendor account reconciliations
  • Lead process improvement initiatives, including invoice processing automation (remittance, invoice upload rather manual entering)
  • Develop standardized processes and document procedures for the Accounts Payable function also update the policy and procedure based on SOX controls
  • Collaborate with Purchasing and Receiving departments to establish regular communication to resolve discrepancy issues and reduce payment delays
  • Manage the Travel and Expenses team (3 individuals) for Concur and the accounts payable team (6 individuals), including performance management, coaching and development
  • Assist with audit and compliance requirements and lead and coordinate the request or explanation for the audit requirements.
  • Review policies such as a commitment authority policy, approval thresholds, system automated controls and workflow to ensure reasonability and effective enforcement
  • Support the team in releasing payments within the bank, and oversee the resolution of any rejected/returned payments
  • Manage Inventory reconciliation- RNI (Good Received Not Vouched), DMR (Damage Material replacement), Standard inventory price list for medical equipment.
  • Optimize opportunities for discounts and fee reductions and work with supplier chain for supplier contract & agreement
  • Perform& review monthly accrual for overheads, estimation of the Blanket PO’s expense incurred not invoices, work with each department with their budget/actual and missing expense for the month to be accrued.
  • Internal GIA audit control and maintain the standards to all the process control
  • Implemented quality control measures to enhance compliance with industry standards.

A/P Manager (JDE Edwards)

Ontario Gaming GTA Limited Partnership (Entertainment)
07.2018 - 02.2022
  • Provides supervision, coaching and mentoring to the Accounts Payable team; develops performance objectives and delivers performance evaluations for direct four reports. Specially handle the construction site A/P and verify the hold back release, subcontractor’s payment process based on the procedure (worked first year Construction & development division)
  • Responsible for the timely and accurate recording of Accounts Payable Operational transactions. (Second year onwards)
  • Competent processing of invoices, cheques, vouchers, electronic and wire fund transfers; prepares accruals and month end journal entries.
  • Prepares monthly, quarterly, and annual analyses and working papers.
  • Responds to and resolves inquiries and issues related to Accounts Payable, reviews vendor analysis.
  • Reviews Accounts Payable processes and procedures; identifies, develops, and implements administrative efficiencies and internal control improvements.
  • Liaises and communicates effectively with all appropriate operational departments.
  • Develops and cultivates strong working relationships with all stakeholders, colleagues, management, and vendors.
  • Ensures compliance with licensing laws, health and safety and other statutory regulations; performs other reasonable duties as assigned or directed.
  • Weekly cash flow forecasting and submit the cashflow request to the management for the approval for weekly payment run for cheque, EFT, ACH, WIRE payments

A/P & A/R Manager (Dynamic NAV)

Bayshore Specialty RX (Pharma)
11.2016 - 06.2018
  • Implement efficient working processes and coordinate, assign, and review the work of clerks engaged in the following duties: administering accounts payable and receivable; processing, verifying, and recording financial documents and forms; administering payrolls; serving customers in banks, trust companies and other financial institutions; processing, verifying, and recording insurance claims and forms; and collecting user fees and payments on overdue accounts.
  • Examine and verify accuracy of work and authorize routine payments, credits, deposits, and withdrawals.
  • Establish work schedules and procedures and coordinate activities with other work units or departments.
  • Resolve work-related problems and prepare and submit progress and other reports.
  • Identify training needs and train workers in job duties and company policies.
  • Perform Inventory reconciliation monthly for medical supplies
  • Monitor the PO price list quarterly update/verify reflect into the PO price and if any variance work with purchasing for the appropriate update.
  • Billing and accounts receivable processes: Develop and maintain processes and procedures for billing and accounts receivable
  • Maintain customer accounts and records, and respond to customer inquiries
  • Collect past due accounts and review aging reports
  • Prepare and deliver monthly financial reports
  • Manage a team of accounts receivable clerks
  • Perform credit checks
  • Interact with customers in non-payment cases
  • Resolve billing disputes

Senior Financial Coordinator (Great Plains to SAP)

Ontario Electronic Stewardship (Provincial Recycling program)
04.2012 - 10.2016
  • Collaborate with the Senior Accountant and or Director of Finance to maintain payment goals and general A/P and A/R performance levels.
  • Obtain approval for disbursements and ensure that expenditures do not exceed available cash.
  • Prepare payments and receipts to / from third parties.
  • Audit and verify purchase requests and invoices.
  • Investigate and resolve vendor / supplier discrepancies, misapplied cash transactions and collection problems.
  • Review all credit balances, refunds, and adjustments, and apply adjustments and/or corrections to corporate billing records.
  • Prepare and distribute reports and statistics to key personnel.
  • Investigate payment problems for customers while following corporate A/P and A/R policies and procedures.
  • Maintain physical A/P and A/R files while ensuring the strict confidentiality and privacy of financial records as they relate to the organization and its customers.
  • Balance daily A/R batches; prepare and distribute income reports and statistics to key personnel.
  • Team Lead to help the system migration from GP (Great Plains) to SAP and do all the configuration templates, UAT testing, provide training to co-staff etc.

Team Lead (JD Edwards)

Ainsworth Inc, Toronto, Ontario (Construction)
01.2009 - 03.2012
  • Maintain vendor relationships through timely payments and excellent service
  • Ensure clear and updated communications with all departments regarding AP policies and procedures
  • Recommend value-add procedures or adjustments to existing systems
  • Responsible for the day-to-day supervision of the four A/P AR specialists.
  • Ensure that employees’ corporate purchase card transaction download from BMO and make sure for the logging the matching in internal JDE system
  • Carry out A/P processing, payment generation, receivable related and reporting activities necessary for month-end close.
  • Ensure adherence to PO policy and resolve the issues between the purchasing and the A/P processing department.
  • Drafted a formal Employee expense claim based on Ainsworth Policy and Procedures and it was documented to all Ainsworth branches.
  • Implemented the sub-contractors Pay When Paid policy in JDE as automated to do so, rather than manual

Senior Accounts Payable/Receivable Manager (Oracle)

MARITZ RESEARCH, Toronto, ON (Consulting)
01.2000 - 01.2008
  • Accomplishes accounts receivable, payable human resource objectives by selecting, orienting, training, assigning, scheduling, coaching, counseling, and disciplining employees; communicating job expectations; planning, monitoring, appraising job contributions; recommending compensation actions; adhering to policies and procedures
  • Meets accounts receivable, payable operational standards by contributing information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying system improvements
  • Meets accounts receivable financial standards by providing annual accounts receivable budget information; monitoring expenditures; identifying variances; implementing corrective actions.
  • Collects accounts by contacting customers referred by clerks; investigating circumstances of non-payment; negotiating and resolving conflicts; expediting payment
  • Supports financial planning by forecasting cash, Updates receivables, payable by coordinating and monitoring daily sales order processing and bank remittance transactions.
  • Maintains financial security by adhering to internal accounting controls, accounting ledgers by posting monthly account transactions
  • Evaluated company credit control, expenditure claim procedure
  • Managed due outstanding sales balances and reviewed credit limits
  • Enforced Direct Debit payment system and managed new credit management procedures. Administered overdue debtors and coordinated with external and internal customers. Corresponded about overdue accounts and assured establishment of follow-up contact
  • Managed weekly cheque run and coordinate monthly vendor statement reconciliation, and reconcile any outstanding issues

Education

Certified General Accountants of Ontario - undefined

Association of Chartered Accountants -

Association of Charted Accountants
England, UK
01.1997

Bachelor of Business Administration - undefined

University of Sri Lanka

Certified Accounts Payable Professional - undefined

01.2014

Skills

  • Oracle Financial, PeopleSoft, Concur, Dynamics, JD Edwards, Accpac, SAP, Great Plains
  • Aggressor popular applications such as Word, Advanced Excel (V-lookup, Pivot table, etc), and PowerPoint, as well as Internet research and communication tools

Accomplishments

  • Improved financial reporting by implementing Oracle financial system software (from ACCPAC) Received Maritz Research Great Performance Award and substantial salary increase for this project
  • Identified and achieved $60K savings (carry back losses) while providing consultation and data extracts for both Federal and Provincial corporation tax audits as requested by the Canadian Tax Auditor
  • Identified the key issue in successfully defending the corporate position while appearing before the labor board along with corporate legal counsel.
  • Achieved cost reductions of 25% by identifying the need, researching, and drafting a policy to give clear guidelines for expense control. This policy was successfully adopted in all Canadian offices
  • Saved $60K monthly by building a clearly documented case for eliminating shared services and was able to show that it was not cost effective

Section name

  • Pay when Paid (A/P to AR) link the invoices in JDE Edwards for the contract 10% holdback automation in Ainsworth Inc
  • SAP Integration lead in Ontario Electronic Stewardship for A/P, A/R and Financial reporting module.
  • Standardize the process of independent contractor’s invoice processing/payments for service delivery staff in Bayshore Specialty RX.
  • Automation process for high volume of Food and Beverage invoices process in Ontario Gaming GTA.
  • DMR (Defective Material Rejection) process standardize and recovered the credits notes/replacement and implement in Boston Scientific

Timeline

A/P Manager (Epicor to SAP)

Boston Scientific (Baylis Medical)
02.2022 - Current

A/P Manager (JDE Edwards)

Ontario Gaming GTA Limited Partnership (Entertainment)
07.2018 - 02.2022

A/P & A/R Manager (Dynamic NAV)

Bayshore Specialty RX (Pharma)
11.2016 - 06.2018

Senior Financial Coordinator (Great Plains to SAP)

Ontario Electronic Stewardship (Provincial Recycling program)
04.2012 - 10.2016

Team Lead (JD Edwards)

Ainsworth Inc, Toronto, Ontario (Construction)
01.2009 - 03.2012

Senior Accounts Payable/Receivable Manager (Oracle)

MARITZ RESEARCH, Toronto, ON (Consulting)
01.2000 - 01.2008

Certified General Accountants of Ontario - undefined

Bachelor of Business Administration - undefined

University of Sri Lanka

Certified Accounts Payable Professional - undefined

Association of Chartered Accountants -

Association of Charted Accountants

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