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Balaji Raman, Chief Financial Officer CFO

Balaji Raman

Chief Financial Officer CFO·Tanzania East Africa Gateway Terminal Ltd

India

Master's degree, Accounting, Audit, Direct and Indirect Taxation, Company Law,

Work experience

Total years of experience: 29 years, 10 months

Chief Financial Officer CFO

July 2023 - Present

Tanzania East Africa Gateway Terminal Ltd

Dar es Salaam, Tanzania

I found this job using Bayt.com

July 2023 - Present

 M&A process of acquiring entity in Tanzania by Adani Ports India comprising of end-to-end finance and tax due diligence, legal compliance of M&A, negotiation until awarding of Concession agreement for 30 years to handle port terminal by Tanzania Port Authority, integration of policies, processes and people of acquired entity into Adani practice
 Financial modelling for next 5 years of acquired entity towards investment in terminal refurbishment, equipment replacement, etc
 End to end finance and accounting activities
 Tax management and tax planning
 Project manager role towards implementation of NAVIS Terminal Operating System for the acquired entity.
 End to end Procurement function
 Secretarial compliance
 IFRS reporting for Group and Local
Company industry:
Marine Transport Services
Job role:
Finance and Investment

Vice President - Finance

August 2015 - June 2023

Standard Chartered

Chennai, India

August 2015 - June 2023

 Accounting, Controllership and Reporting for 3 regions (Asia, Middle East and Africa - 50 countries, 150 legal entities) : IFRS and Local statutory reporting
 Short Term assignment to SCB Australia for 3 months on Finance Transformation project
o Set up full-fledged Finance Team by design and roll out of Standard Operating Procedure (SOP) document for the function
o Completed implementation of business upstream IT systems partnering with IT project team with and end to end integration into ERP
 Project manager for implementation of IFRS 9 requirements for Group reporting
 Project manager for implementation of SAP S4 Hana Ledger for 3 regions and Business Process Consolidation (BPC) module for Group reporting
 Head of committee in RTR for adherence to Process risks, process standardization, automation, elimination resulting into achieving process efficiency YoY for the function
 Achieved CSR target for GFS of volunteering activities for 3 consecutive years for GFS by planning and executing CSR events through the year
Company industry:
Banking
Job role:
Finance and Investment

Director - Regional Controller

February 2014 - July 2015

Oracle India Pvt Ltd

Bengaluru, India

February 2014 - July 2015

 Responsible for US GAAP reporting of the financials of Indian entities on a monthly, quarterly and annual basis in a prescribed format to the Corporate team
 Present quarterly analytical reviews of BS and P&L for JAPAC (Japan and Asia pacific countries) to Statutory Auditors
 Established new process of periodic reconciliation of every GL account between USGAAP and IGAAP with appropriate corrective actions, ensure timely completion of Statutory & Tax audit as per iGAAP and Compliance under Company Law requirements including new Companies Act of 2013.
 Responsible for managing the Treasury function purely from India perspective. In other words, monitoring the FX movement and deployment of excess cash into revenue generating instruments
Company industry:
IT Services
Job role:
Information Technology

Global Head - Finance Pricing & Analytics

September 2009 - January 2014

Aditya Birla Minacs

Bengaluru, India

September 2009 - January 2014

 Involved in M&A activities like carrying out Due Diligence, structure the Financial model for acquisition in the nature of IP purchase, License Purchase, buying the Customer contracts along with resources, etc
 Estimation of competitive pricing for Global deals across APAC, USA, Canada and Europe
 Worked on transformation initiative of Automation of P&L & Pricing Tool and design of various Management reports like Seat Utilization, Sale Pipeline Analysis, Pricing Tracker, etc
General Manager - Finance & Accounts (APAC)
 Spearheaded the activity of ERP (Peoplesoft Version 9.0) implementation for Finance, Payroll and ESA for both the divisions and successfully GONE LIVE in all modules with effect from 1st Oct 2010 and thereby publishing Process Manual for the same.
 In continuation to the above, drove the transformation activity of migrating the entire accounting operations from North America from Lawson Financials to Peoplesoft Finance into India and set up Internal Shared Service Center in India
 Took up a project of doing physical verification of Fixed Assets for APAC region and completed within 6 months through Bar Coding method by tagging into FA register with the physical assets.
 Responsible for entire Finance & Accounting functions that includes Accounting, Payroll, MIS & Reporting, Taxation, Corporate Budgeting, Treasury &Cash Flow management, Audit, FP&A and Statutory Compliance Group Consolidation for IT & ITES Division of APAC region for a total Staff strength of about 11, 000 spread across 8 locations including Philippines and the present Headcount working under me is around 40.
Company industry:
IT Services
Job role:
Finance and Investment

Finance Controller

January 2008 - July 2009

Atos Origin

Mumbai, India

January 2008 - July 2009

 Spearheaded the activity of ERP (SAP) implementation for SD and CO modules representing Finance Department and have successfully GONE LIVE on 1st Jan 2009.
 Finance SPOC in decision making process of BID / NO BID by doing necessary financial analysis and contract terms for every commercial opportunity.
 Responsible for Revenue Assurance, Cost Control, Project time utilization, Budgeting / forecast and Capacity Management governance for all Captive System Integration (SI) projects outsourced to Indian unit.
Company industry:
IT Services
Job role:
Accounting and Auditing

Finance Controller

January 2008 - July 2009

Atos Origin

Mumbai, India

January 2008 - July 2009

 Spearheaded the activity of ERP (SAP) implementation for SD and CO modules representing Finance Department and have successfully GONE LIVE on 1st Jan 2009.
 Finance SPOC in decision making process of BID / NO BID by doing necessary financial analysis and contract terms for every commercial opportunity.
 Responsible for Revenue Assurance, Cost Control, Project time utilization, Budgeting / forecast and Capacity Management governance for all Captive System Integration (SI) projects outsourced to Indian unit.
Company industry:
IT Services
Job role:
Accounting and Auditing

Head - Finance and Accounts

May 2002 - April 2007

D B Shapriya & Co Ltd

Tanzania

May 2002 - April 2007

Head of Finance and Administration functions of Class I Mechanical, Civil and Electrical contracting Tanzanian Company having turnover of USD 15 Million with 10 team members
 Responsible for accounting, administration and logistics of USD 10 million Oil & Gas Project executed in Tanzania since the company was having sub-contracting work from Larsen & Toubro, India . Developed strategic positioning for continued growth and profitability of the company. Worked directly with the Group Managing Director to set both strategic and operational goals and objectives.
 Responsible for Finance and Accounting activities of the Group, periodic raising of funds from Banks in the nature of Project financing, Term Loan etc to the tune of USD 10 million (maximum) Strategic Financial planning, Internal Control and Audit, MIS, Business performance, Banking facilities and relationship and Taxation.
 Provide financial expertise in the review and analysis of financial information for resources allocation, management of short-term cash flow, control and reporting, expenditure and revenue justification.
Company industry:
Construction & Building
Job role:
Accounting and Auditing

General Manager

February 2000 - April 2002

Eagle Air Ltd (Mahrouki Group,Oman)

Tanzania

February 2000 - April 2002

Deputed to set up a domestic airline company in Tanzania after successful stint of 3 yeas with one of the upcoming group of Sultanate of Oman.
BUSINESS TRANSFORMATION includes
 Setting up of the office, staff by designing administrative and operational systems for the company. Key contributor to getting Lease contract from National airline, finalization of Hire Purchase Agreement with Mauritian Lessor Finance Company
FINANCE TRANSFORMATION includes
 Complete responsibility on financial & operational performance, administrative functions, internal control and strategic planning in the areas of Seat / Route and Cost rationalization, liquidity position of the organization.
Company industry:
Aerospace
Job role:
Management

Group Financial Controller

April 1997 - January 2000

Mahrouki Group (Al Najid Transport)

Muscat, Oman

April 1997 - January 2000

Managed complete financial functions of this diverse industrial group producing Riyal Omani 4 Million Gross revenue having business interests in finance, investment, property development, tyre retreading & recycling, transport & logistics services & trading and also having presence in U.K. Directly supervised a team of 6.

 Deputed to UK for 3 weeks to be part of due diligence exercise along with external consultant towards purchase of businesses operating into Tyre re-treading and recycling in UK and worked on integration of these businesses into the group
 Developed strategic positioning for continued growth and profitability of the Group. Worked directly with the Group Managing Director to set both strategic and operational goals and objectives.
 Responsible for Finance and Accounting activities of the Group, Strategic Financial planning, Audit, Internal Control, MIS, P& L performance, Banking facilities and relationship and Taxation.
 Responsible for finalization & consolidation of annual accounts and reporting as per Group Reporting Rules & International Accounting Standards.
 Provide financial expertise in the review and analysis of financial information for resources allocation, management of short / long term cash flow, control and reporting, expenditure and revenue justification.
Company industry:
Corporate Management Office
Job role:
Accounting and Auditing

Audit Senior - Systems Audit

December 1995 - March 1997

Ratan S Mama & Co

Mumbai, India

December 1995 - March 1997

 Team member in Performing Systems Audit to study and recommend complete systems for newly set up BPL Mobile Communications Ltd, Standard Batteries Ltd
 Team Member in performing Internal Audit for one of the upcoming group in shipping line in Mumbai, Balaji Shipping Co.
Company industry:
Accounting
Job role:
Accounting and Auditing

Education

The Institute of Chartered Accountants of India

May 1996

May 1996

Master's degree, Accounting, Audit, Direct and Indirect Taxation, Company Law,

India

GPA (percentage): 53%

GPA (percentage): 53%

Mumbai University

June 1992

June 1992

Bachelor's degree, Accounting, Audit, Taxation, Law

India

GPA (percentage): 65%

GPA (percentage): 65%

Skills

SAP
Expert
SAP
Expert
PeopleSoft
Expert
PeopleSoft
Expert
IFRS Reporting
Expert
IFRS Reporting
Expert
Legal Entity Controllership
Expert
Legal Entity Controllership
Expert
Treasury Management
Expert
Treasury Management
Expert
Mergers and Acquisitions
Intermediate
Mergers and Acquisitions
Intermediate
Financial Modelling
Intermediate
Financial Modelling
Intermediate
Finance Transformation
Expert
Finance Transformation
Expert
Financial Planning and Analysis
Expert
Financial Planning and Analysis
Expert
SAP
Expert
SAP
Expert
PeopleSoft
Expert
PeopleSoft
Expert

Languages

Swahili

Intermediate

English

Expert

Hindi

Expert

Tamil

Native Speaker

Marathi

Intermediate

Gujarati

Intermediate

Kannada

Intermediate