FP & A Lead and Finance Business Partner
Mubadala Business Management Services
Total years of experience :16 years, 5 Months
FP & A Lead and Finance Business Partner - Corporate Finance (CFO team)
Mubadala Group, Abu Dhabi
Sep’17 - Till Date
Assisting CFO and acting as deputy FP & A lead in MDC BMS (MDC Business Management Services)
**FP&A Lead
Leaded in finalization and preparation of the Annual Business Plan of BMS, working closely with the operating BHs and the CEO, to ensure having smooth planning process and thereby generating a robust 5-year strategic business plan.
Responsible for reviewing books of accounts before period closure and approving the monthly accruals, adjustments, rectification are properly accounted for.
Responsible for the preparation and presentation of the MMRT Deck including variance analysis and recommendations post discussion with Unit managers and the CFO, to be submitted to Mubadala group CFO and BOD within timelines.
Institutionalized Revenue Assurance team within FP&A to ensure timely and correctly booking of revenues, credit analysis, enhanced liquidity of AR with compliance to IFRS which improved working capital cycle by 6.4 days.
Took initiative to prepare and present monthly forecasting to the sr. management to devise agile risk mitigation strategy faced by this newly set-up business and ensured strict control on indirect cost being watchdog for the entire unit.
Independently developed Live dashboard on Power BI platform for use of sr. leaderships.
**Finance Business Partner
Acting as Finance Business Partner (FBP) for Group’s investments in Tech services and BPO offerings and responsible for overall finance operations.
Developed and implemented client centric financial modules, solution delivery and SLA tracking mechanism to ensure value creation at both ends in the long term.
Created engaging model which led timely and effective execution of large scale contracts (RFP>bidding>execution) involving various functional stakeholder by leveraging upon collaborative approach and thereby improved cash conversion cycle.
Working closely with service delivery team, account managers and unit head while preparing commercial and pricing framework.
Analyzing Service/Asset level, Customer wise profitability to have a robust Heat map module and recommend for corrective actions.
**Corporate Finance Projects
Leading Corporate finance Projects team to design and implement BI tools (viz. HFM, Qlikview, Sub-service profitability) and Business process re-engineering tools (viz. CRM, ePMO).
Availed the organisation with savings of 16 manhours by automating Monthly management reports and slides which led to early presentation of numbers and action plans by 3 days. (Board report deck timeline reduced from 15th day to 12th day)
Currently leading RPA tool implementation in one of the service arm of the group, having potential to save AED 3M annually.
Assisting Group CFO and Acting as Group Finance Manager
Consolidation of Group Financial as per IFRS on monthly basis, presenting & analyzing with the Board and Business heads.
Institutionalized transfer pricing among Group companies considering various factors (geographical barriers, pricing strategy, market share, Stage of product life cycle etc.) *(resulted in reduced IC reconciliation, 1/3 decrease in inventory churn-out ratio, Optimum allocation of inventory among countries basis maximum profitability- Vertical level GP (%) improved from ~6% to 9.38%).
Fulfilled varied information needs of various businesses at one platform by preparing End-to-End month end book closing process/templates i.e. Group Reporting Deck specific to the business verticals viz. Distribution, Retail, Telecom, Dairy, Consumer Electronics, Real Estate and Education).
Prepared Business Strategy (5 to 15 Years) for the group and phasing/reviewing it into Year, Qtr., Monthly segments.
Preparation and Presentation of Budgets and Estimates (9M+3M) for all verticals of Business (5+ verticals, 10+countries).
Group Financial Performance analysis (Actual vs Budget) on monthly basis to be presented to Board with acute business explanation.
Involved in M&A (Feasibility report, DD and 5Yr. Strategic plan) and Project Financing of Dairy and Education arm of the group.
Handling various Group Level Internal/External Audit as well as Regional.
Review of the book of accounts of Territories (10+) on Monthly basis and highlight the following:
Any crucial areas that require management attention (i.e. Aged Stock/Debtor, Dormant liquidity, Suppliers’ ToP, Opportunities for currency hedging etc.) and guiding business with prudent norms. *(Helped in WC reduction by $10M and business cycle by ~10 days at group level)
Ensuring optimum utilization of funds in co-ordination with territory and Corporate Treasury team(s).
Continuously atomizing manual tasks (BRS, AR clearing & Dunning, Mass journal upload, Consolidation etc.) of ERP and post implementation review of the same. *(availed the organization with ~8 Man-hours daily saving with continuous improvement and bringing in efficiency and consistency through process automation)
Preparing and analyzing Group Reporting packs includes Working Capital, Revenue Assurance, Debtors and Inventory Ageing, Fund Flow Requirements, Cash and Fund Flows, Brand/Location/Vertical wise Sales/Procurement/Market trends etc.) to be sent to Board on monthly basis and carrying out recommendations/improved processes to ensure the Businesses are running at optimum level
To strengthen the Financial Discipline, Drafting and implementing policies and procedures (SOPs) in relation to Accounts and Finance to be followed across the group.
Involved in co-ordination and finalization of the Overseas Annual Audits, Govt./Federal Returns etc. within timelines for 10+ Tax economies.
Business Partnering (Cross-Functional Role):
Brand wise (Microsoft, Samsung, LATO milk, Veto, Huawei, Lenovo, Acer, LATO, Fero etc.) Profitability analysis (bottom to top) to support ROI rationales and funding requirements.
Involved in product level Margin and Markdown strategy formulation and guiding the group for optimum mixture of offers/bundles to enhance inventory churn out and lower operating cycle.
Top Customers’ rationalization (Brand wise Volume & Value analysis, Profitability Analysis, Credit term negotiations etc.) and analyzing their market strength/share with respective business heads.
***Leaded SAP implementation for Dairy (Mfg. and FMCG sector) and Mobility (Trade/Distribution sector) arm of the Group
**Successfully implemented SAP (modules such as PP, QM, MM, SD, FI and CO) in Dairy and Mobility verticals of the group
Acting as Group’s SPOC for all Outsourced ERP activities to the KPOs (India and HK) and ensuring BRDs are adhered as per SLA.
Directly involved in preparation of all Group level business presentation to Board including Research for Strategic decision/setting pre-budget notion, Budget Finalization, 5Yr.Business Plan, Group Performance analysis (BS, PL, Financial ratio, New Store rationales etc.) with business explanation.
•Involved in back-office (P2P, C2C and R2A) Outsourcing project at group level under guidance of CFO and all Territory Finance Heads.
•Successfully implemented the CFO’s vision of Automated (POS>ReSA>OFIN) paperless DSR (Daily Sales Reconciliation) project across the Retail stores of the group. Added own thoughts and automated bank reconciliation through OFIN. (*~ 5 Man hours saved in Bank reconciliation).
•Involved in SHUKRAN 5 yr. business strategies formulation and developed Points, Promotions and redemption related SOPs.
•COA Definition: Defined each and every accounting GL Codes for the Retail and Non-retail business operations and implemented it across the group (19 countries, 2400+ stores, 14+ hotels and clinics) and also responsible for post implementation review.
•Monthly analysis of Cash Loss making & Break-even stores to formulate revival strategy with respective business teams.
•Involved in formulating Group Level Transfer Pricing mechanism and finalization of T1 i.e. Management Level Margin.
•Developed crucial SOPs for the group in consultation with all stakeholders and circulated to Territories/Concept/Corporate.
•Involved in developments of OBIEE/COGNOS reports with set target of roll out.
•Assisted in defining and implementation of Territory Finance Assurance reports (TAR) across the group and thereby making responsible to all Terr. Fin. Heads about the integrity and impact of critical business information provided in the report on monthly basis.
•Reviewing and analyzing Group Level budget on a monthly basis and prepared it on ZERO based budgeting approach, Scenario based, CAGR based etc.
•Independently automated various Reconciliation of Data, extracted from Server and as provided by MIS team to ensure BOD-presentations figures are correct.
•System Audit of all group entities through various Oracle built in programmes to ensure financial discipline.
•Leading teams of IT professionals in various Financial Reports development and Learning from them various aspects of ERP implementation.
•Inter Company/Inter-Territory Transfer analysis for margin adjustments.
•Territory/Concept wise RSP (Retail Sale Price), Intake Margin, Mark-downs analysis and reporting the deviations at Group Level. (2000+stores, 13+ Concepts, 60+ Brands)
•Reconciliations of Sales (at Store Level) and Setting the key KPIs having budgeted benchmark in mind.
•Budgeting for Stores' each and every P/L item and adjusting the same on a Monthly basis based on recent trend and scenarios.
•Following-up of resolution to Internal Audit findings with all territory Finance Teams.
Senior Executive (State-Head-JH) cum Quality Assurance Head
CorpSolutions Services Pvt. Ltd. (BPO), Kolkata
May, 2009 - March, 2011
Job Responsibilities
Assurance of compliance of SLA given by clients (RLIC, Tata AIG and HDFC Bank).
Delivered object-based reports to Clients and seniors within turnaround time (TAT).
Sole Responsible for making arrangements for premium collection of all policies of Reliance Life Insurance and Tata-AIG Life Insurance in Bihar, Jharkhand, Orissa and other Eastern Regions.
Direct reporting to the MD and other Board members.
Was fortunate to earn Constant Performer award from our MD and the VP of RLIC.
Awarded with Bangkok and Darjeeling trip from RLIC for achieving tremendous Collection target (INR 20 lacs to 2 crore).
Independently arranging and evaluating quotations for various facilities and infrastructure development plans from own source and implementing the best alternative keeping the cost saving factor in-mind and provided almost 20-30% saving to my organization.
Prepared Summary Report & Executive Summary.
Participated in Audit Committee meeting.
Circulating Collection/Calling MIS, FEs’ Activity Report to Seniors/Clients on Daily Basis.
Recruitment of FEs (Field Executives) in own region.
Industry Exposure(s)
INDUSTRY ENTITY
Life Insurance Reliance Life Insurance Co. Ltd.
Bajaj Allianz Life Insurance Co. Ltd.
Banking HDFC Bank Ltd.
Audit Manager (External/Compliance/Stat. Audit)
June, 2006 to September, 2008
Independent Audit Handling and Quality Assurance
Independently Handled Internal Audit and IRDA Compliance Review of Blue chip Private Life Insurance Companies
Chiefly engaged in Internal Audit of BALIC, AOs (entire South, partial West Zone and Kolkata ZO)
Underwriting, IRDA Compliance, AML was major and quality area of my findings.
Independently prepared a standard qualifying report covering all major and NTE (nature, time and extent) specific Audit findings in an Internal Audit of Insurance Company.
Quality Check of the reports being prepared by team members and subordinates.
Training
Imparted on the job training to Audit Executives
Audit process mapping
Preparation of Audit Training Module for Audit Executives
INDUSTRY ENTITY
Life Insurance Bajaj Allianz Life Insurance Company Ltd.
IBM Data Science
Financial Management Account Audit Cost management Taxation Legal and compliance IT Business management
Business, Industrial and Labour Laws Company Secretaryship Accounts and Finance Legal & compliance Management and administration Consultancy
Bachelor of Commerce ( Accounts & Finance major)
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