Pranjal Neog

(J&J Medical has outsourced its complete accounting and auditing processes, including finalization of Balancesheet, to SKP)

As a Financial Consultant for SKP, my primary responsibility is to Transition Processes from Johnson & Johnson Medical to SKP, wherein I have to study and define the existing process, re-engineer the process on twin ERP systems to meet SOX compliance requirements, train the SKP team on the optimized process and ensure smooth handover.

Apart from transitioning, I have worked extensively on the following processes/tasks at the nuts and bolts level, which required cleansing and synchronizing accounts and data between the JD Edwards and BPCS ERP Systems of J&J:

§GL Reconciliation

§Clearing of Open Items and Process Improvement

§Profit Centre and Cost centre Accounting

§Balance sheet Reconciliation

§Asset Accounting

§Month End Activities

§Preparation of tax audit details as per new Sarbanes Oxley Act (SOX) compliance

One of my significant contributions was to reconcile the last 10 years’ (1998-2008) GL of J&J across both JD Edwards and BPCS, which was accomplished single-handedly by me over a period of 9 months. I have  also done the Balancesheet reconciliation of J&J for that period.

As a Controller with SKP e-Solution (P) Ltd (ClientJohnson & Johnson Medical India), I was the client’s single point of contact for process adherence issues and had full responsibility for operations, including process improvements and managing the teams. Some of the main Business Processes which I specialized in includes:

§Expense Claim Process

§Control Account Schedule

§Bank Reconciliation

§Month-End Activities

I was also responsible for managing the workforce and planning the workload for my teams. Many processes required improvements and a new approach with new ideas, which I formulated and implemented on the twin ERP Systems (JD Edwards and BPCS) for a complete J&J division in India.

I was accountable for the preparation and factual consistency of MIS Reports and Month-End Provisions. Also, I was in charge of creation and maintenance of Key Control Account Schedules, critical process notes to manuals, support and training of end users.

As a result of my performance exceeding expectations, the SKP management gave me the additional responsibility of transitioning processes from J&J, and made me responsible for preparation of tax audit details for Sarbanes Oxley Act (SOX) compliance.

As the Audit Executive at K V Creation my responsibilities included the complete Audit Trails of all Accounting Processes, including:

§Analyzing, designing and implementing Audit Trails and Schedules and Budgets

§Standardizing general Book Keeping Practices, Master Data, Transactions and Journal Entries

§ Auditing Accounts Payable and Receivable and Training End-Users

§Clarifying Banking Transactions, and Data Entry for the smooth running of the business

As the Audit Executive it was my responsibility to verify and manage all Accounting Processes. The job required complete finalization of accounts in a fully integrated computerized environment, which included:

§ Analyzing, designing and implementing Audit Trails and Schedules

§Standardizing Book Keeping Practices, Master Data, Transactions and Journal Entries

§Payment to Vendor and Depreciation Charts as per I.T Act. & Companies Act

§Validating Accounts Payable and Receivable Business Processes

§Answerable for all Banking Processes, Voucher Entries and Day-to-Day Operations

Apart from my accounting and auditing skills that I honed on this job, I also became quite competent in TDS and e-TDS, Service Tax, Return Filing and Income Tax Policies.