Senior Controller
Expro Overseas
Total years of experience :17 years, 0 Months
Production systems product line finance
• Prepare forward looking business financial performance deck and project reports with detailed business commentary
for Executive management board and Owners
• Pivotal in preparing 15 month rolling forecasts, annual budget and 3 year plan for Revenues, Capex and Costs ($94mn Revenue, 15mn Capex and 6 mn central costs)
• Perform detail review of Bid evaluation reports (tenders) to ensure that the cash flow, margins, capex and opex classification and revenue recognition is correct as per IFRS standards
• Developed successful forecasts resulting in variances being less than 10% to actual
• Challenged approved project budgets and successfully achieved higher operation margins by re-categorising opex costs to capex as per IAS 16 ($1.5m)
• Re-designed production systems process flow and control framework which eliminated revenue leakages ($0.3m)
• Improved receivables collection by performing thorough review of old contracts ($1.3m)
• Reduced and controlled central support functions costs over $0.2m (ongoing)
• Strengthened reporting profitability for sale contracts related to projects under construction through implementation of IFRS 15 ($13m ongoing)
• Implemented Time recording system which automated analytical reporting for management levels, while decreasing turn-around time by 3 days
• Strong Engagement with corporate team and senior stake holders
Group Finance
• Created Board memo, Financial Scorecard, Cash flow and Working capital report with comprehensive analytics and detailed commentaries for the executive management group ($650 mn Revenue)
• Developed financial reporting templates in TM1 which standardised regional reporting and also slashed manual workaround by 144 hours pa
• Finalise group profitability and liquidity budget numbers
• Generate cash flow projection report for the treasury head by making required group adjustments
• Assess and prepare company’s Going concern memo by forecasting liquidity for coming 5 quarters
•Prepared global and regional EXCO packs with comprehensive analysis and commentaries ($4 Bn revenue and $150 Bn balance sheet)
•Facilitated preparation of financial statements, month end closing for ALM portfolio ($600 Mn revenue)
•Developed and monitored key performance indicators to improve profitability and provided analytic support on financial scorecard, client analysis, market analysis, P&L forecast and regulatory changes
•Created annual business plan, quarterly forecasts and monthly rolling estimates
•Engaged in liquidity modelling and maturity transformation initiatives and provided insights for liquidity and risk management
•Managed risk hedging portfolio for Forex exposures and recommended long/short forward trades to the traders
•Re-engineered global balance sheet reporting achieving 40% operational efficiency, rationalised existing reporting suite saving ~1800 man hours annually and demonstrated continuous improvement by achieving ~1, 200 man hours savings annually
•Prepared annual internal and external auditing schedules and coordinated audit activities
•Spearheaded the project for migrating all reports from legacy systems to qlickview platform which included extensive training, parallel runs, UAT and go live
•Active member of events committee, rewards and recognition committee, continuous improvement lead and women India network group within Deutsche Bank
•Awards: ‘Team of the quarter’ award in Q1 ‘14 from more than 1, 000 employees
Projects:
2006 - Transitioned Invoice Finance processes from Birmingham, UK to India (3 months)
2008 - Migrated Debt recovery services process from Worthing, UK to India (1 month)
2010 - Led and mentored strategic re-engineering projects for HSBC group from London office (8 months)
2012 - Visited New York office for scoping and transitioning Global Banking US portfolio (1 month)
Manager, Financial Planning and Analytics
•Performed General accounting, FOREX accounting, Accounts receivables, Bank reconciliations, Balance sheet substantiation and reporting of funding positions to treasury
•Processed payments via telegraphic transfers (TT) and bank automated clearing system (BACS)
•Owned and controlled cost allocation model for allocating relationship manager’s cost across various products
•Generated bankers’ league tables, an essential input considered by CFO’s office for assessing relationship manager’s performance
•Prepared P&L of $5 Bn PBT and $11 Bn revenue for investment banking products like M&A, Equity capital markets, Corporate lending, Securities services, Cash management and Trade finance
•Created monthly global RWA projections and funding forecast for ALCO and deal prioritisation committee
•Provided bad debts, margin analysis, product and sector revenue reports for FSA (regulator)
•Created financial model generating forward looking P&L for global CFO which provided more accurate revenue forecast when compared to plan baseline and significantly improved the monthly and quarterly projections
Project Manager (London & Hyderabad)
•Risk Weighted Assets project: Established risk and control framework for five countries in Europe
•‘Project Leap’: Improved RWA reporting by redesigning system architecture to comply with FSA requirements
•Mentored ‘Cost Estimate’ project and reduced the variance between flash vs. Actual to under 5%
•Rectified balance sheet process by eliminating gap between assets and liabilities ($25 Bn). Created walkthrough to understand the differences between statutory group reporting & management reporting system
•Mentored 57 process improvement ideas resulting in sustainable save of 5, 100 man hours annually
•Drove all efforts and successfully implemented ERP packages
Majors in Accounting, Financial management, Auditing, Cost Management and Taxation
First attempt
Prince 2 practitioner
