Finance Lead
SSH
Total years of experience :17 years, 0 Months
• Manage the Group’s financial reporting obligations, with responsibility for preparation of regions full year and Quaterly consolidated accounts. Preparation of Annual Budgets for Regional entities.
• Collaborate, design, implement and review finance systems, policies and procedures to ensure continuous improvement and contemporary relevant practices.
• Ensure finance ledgers are maintained on a timely basis, are accurate and complete, and structured for the dual purpose of providing relevant information to internal users and meeting statutory obligations.
• Undertake a range of other activities within the Corporate Finance function, in conjunction with other Finance staff, such as maintenance of consolidated key finance activities governance/internal control activities, business administration and Insurance/Risk management.
• Managing responsibilities through a team of Accountants and support staff. Work generated according to agreed business reporting and statutory timeframes. The role requires a hands-on approach with specific responsibilities for cash flow management, holding company accounting and statutory reporting.
• Implementation of VAT for the Bahrain entity and related Internal controls.
• One among the 12 to be part of Innovation Community within the Company for Innovative Ideas (Dec’18)
• Implementation of Internal controls across Regional Financial operations (Aug‘17 till Nov’17)
• Reconciliation of Books of Accounts as per USGAAP and IGAAP (Jan’13 till Apr’14)
• Lead in Transition of processes to Genpact - shared services firm.
• (GL Reconciliation, Month end entries and FDM processes, Review of Desk Level procedures) (Oct’13 till Jan’14)
• Implementation of “CONCUR” Travel Expense tool across the entity. (Jun‘12 till Apr‘13)
• Awarded certification for Internal Audit Remediation Activities in Hospira India (Now Pfizer) (Aug‘13)
• Given presentation on “Working Capital Management” in Southern Institute of Chartered Accountants Students Association Conference (SICASA) (Mar ‘09)
• Hands on Knowledge of IFRS, USGAAP and IGAAP (Indian GAAP)
• Preparation and review of financial statement and consolidation
• Preparation and review of policies, procedures and implementation and Adherence to internal controls
• Treasury management, corporate finance and working capital management
• Budgeting, Planning, Forecasting and MIS reporting
• Project budgeting, Costing and variance analysis
• Manage the Regions cash flows within available facilities, providing appropriate reporting to Chief Financial Officer and Executive Management.
• Oversee finance systems managing transaction flows from source through interfaces to general ledger.
• Formulated Tax Optimization strategies considering that the company has been setting up companies in overseas locations.
• Collaboration with Projects Team for adherence to project related financial KPI's, Advising on Backlogs and pipeline projects.
• Focal Point of Contact for Handling Internal and Statutory audit of the consolidated entity.
• Supervision and review of preparation of various Audit related schedules i.e. Supplier Trial balance with aging, Customer trial balance with aging, fixed asset schedule, Inventory aging report, Loan schedule
• Delivered on month closing of Books of accounts and reporting on a monthly basis as per respective entities reporting requirements.
• Incumbent for tax provisions as per USGAAP and IGAAP. Meeting adherence to compliance checklist areas as TDS, Income Taxes, and TCS, Withholding Tax, etc.
• Handling Other Indian Income Tax related issues such as Transfer pricing, Tax planning, TDS returns filing etc.
• Exposure to business acquisition accounting. (Integration accounting) - Valuation of Assets as well as understanding the entire integration processes, SAP - UAT, Integrating with Hospira India’s chart of accounts.
• Analysing anticipated capital Expenditure using Buy/Lease analysis, return on investment and its impact on cash Flow.
• Management of Team, performance evaluation of the team etc…
• Pioneered preparation of Annual Budgets for the entity as well as forecasting on a Quarterly basis and monitoring whether Actuals are in line with Budgeted, and analyzing variances
• Orchestrated end to end Month end Close Reporting & Handling Accounting related issues
(Monitoring whether financials reflect the business events, Right from Variance analysis for Estimate to complete costs till revenue recognition) for all projects
• Preparation and review of Board deck, Monthly Management reporting, Divisional Reporting, International Business reporting.
• Responsible for receivables and payables team management and monitoring the financial healthiness of the project
• Ensuring Financials are fairly stated (Ledger Scrutiny, Consultant agreement review, Balance sheet and Income statement accounts monthly reconciliations, review of project cost plans, bidding, Trending analysis) and other adhoc reporting requirements.
• Formulated Consolidation of Hospira India’s books with Hospira U.S. books. (Ensuring mapping of chart of accounts, Intercompany eliminations, GL code, cost center mapping to various HFM entities as per corporate requirement).
• Drove for General Ledger (GL) (Ledger Scrutiny, variance analysis, capital spending, Opex to Capex reclasses and vice versa etc, Review of provisions, Trending analysis, USGAAP-IGAAP differential entries, Issues Log, Balance Sheet Reconciliations).
• Lead in completion of IGAAP Statutory (Revised Schedule VI as per companies act), USGAAP, Internal and SOX Audits.
• Analysing and understanding actual variances against Standard Costing (Material Usage Variance, Purchase price variance, volume Earned activities variance etc)
• Balance sheet and profit and loss accounts commentary, Balance sheet roll forwards on a month on month basis as well as Board presentations.
Finalization of accounts i.e. preparation of P&L, Balance sheet, Cash flow statements for legal entity and profit centre wise
• Preparation of project wise budgeted cash flows and consolidation of them at organization level and variance analysis with
actual
• Treasury activities i.e. negotiating with bank and financial institutions for bridge loans, working capital loans and other banking
facilities LC, PN, Guarantees etc.
• Budgeting and monthly analysis of actual vs. budget and proposing corrective actions for the variances to ensure attainment
of the cost control for projects as well as Divisional Overhead Budgets.
• Overseeing the accounting operations (Accounts Receivables, payables, Fixed Assets & Inventory) for the preparation of
periodical finance and management reports
• Working Capital Analysis of a 100% Subsidary of TAFE Ltd called Alpump Limited (Analysis of Debtors, Creditors and Inventory)
• Capital Infusion Analysis of Alpump Limited.
• Preparation of CMA and other Treasury related activities for Alpump Limited.
• Co-ordination for Statutory and Tax Audit of Alpump Limited with statutory Auditors to ensure Timely Completion of Audit.
• Co-ordination between End users and Software programmers for Successful implementation of ERP Software of a company called The United Nilgiris Tea Estate. (Review of SRS, Timely completion of Modules etc)
• Spearheaded Statutory and Tax Audits of various companies such as BJ Textiles processing Ltd, Arvind Enterprises, Wellshines Granites, Sabari Inn Private Limited, Sabari Foundations etc.
• Internal and Interim Audits for Corporates.
• Audits of Trusts and charitable Trusts (SAE India, ASV Charities, Gayathri Trust etc)
• Computation of Tax Liabilities of Individuals and Assessment procedures.
Passed USCPA Exams in Nov 2014.
Indian Qualified Chartered Accountant
