Business Manager
Travelex India Private Limited
مجموع سنوات الخبرة :21 years, 2 أشهر
• Working as a Business Manager thereby ensuring robust financial and portfolio management and support regular business management
activities such as workforce management, vendor management, etc.
• Lead the annual budget preparation and management of financial planning and analysis activities
• Managing the end to end monthly/quarterly financial forecasting cycle in close collaboration with functional partners to achieve a high
degree of accuracy, control, and transparency in financial budgeting
• Managing the monthly, quarterly and full year forecast vs targets, ensure actuals align with expected forecasts with minimal variance, and
provide commentaries
• Manage regular monthly financial reviews with Global Operations and Technology Leads
• Review and investigate any issues on monthly accruals from forecast and communicate resolution to Finance/Accrual teams
• Produce management reports related to financials, workforce plan, vendor management, and risks for Leads to make strategic decisions
• Ensure finance processes are robust, well documented and fit for purpose
• Drive process efficiency and actively identify opportunity for improvements by working closely with other operational departments
• Gain an in depth understanding of Mumbai IT and Operations cost base and the commercial relationships with third parties
• Work closely with Finance, HR, Procurement, IT and Operations leadership to drive cost savings and ensure we remain within our targets
• Lead the daily Claims and Policy payouts process and ensure the payments are made within the SLA and accurately
• Manage the month end closure by ensuring completeness of premium, claims and commission booking
• Regularly review and control the suspense account and ensure all the entries are correctly accounted
• Manage and review fortnightly commission payouts to agencies and brokers
• Prepare and publish segment & product wise premium report on monthly basis and provide commentary for any significant variations
• Perform monthly variance analysis for commission and rewards paid to the agents
• Perform stamp duty rationalization thereby ensuring correct stamp duty is applied against the policies
• Perform regular analysis of claims & premium numbers to ensure completeness of entry being recorded in general ledger
• Prepare Schedule 1 and Schedule 4 report on monthly basis for regulatory reporting
• Prepare 31B report as per the IRDAI regulation and address audit queries
• Validate reward payouts and ensure correctness of the payments
• Manage Intercompany reconciliation and ensure any differences are investigated and resolved
• Prepare Related Party (notes to accounts) details on monthly basis
• Handling automation of commission payment process whereby ensuring accounting entries are correctly recorded
• In charge of deploying reward program for agents with Amazon and ensure process is built for proper reporting and validation
• Regularly review teams’ performance and provide feedback on any observed issues
Finance MI & Reporting - Technical Leader Mumbai (Jan ’18 - Feb ’19)
• Worked as Finance MI reporting lead with responsibility of delivering various finance reporting projects with focus on client profitability,
teams financial and operational performance reporting
Strategic MI Finance Reporting (OIP Project) - Technical Leader Mumbai (Feb ’15 - Jan ’18)
Assisting the management in delivering annualized saving of $425 million by 2017
• Produce monthly finance pack providing insight on the project status and analysis on the deviation of cost & benefit from the group target
• Examine, verify and provide cost benefit analyses for key divisional projects
• Perform analysis of actual results comparative to plan
Revenue Reporting Mumbai (Jun ’13 - Jan ’15)
• Responsible for the monthly close as well as maintenance of revenue accounting ledgers including review of all revenue accounts,
reconciliations and journal entries
• Post necessary journal entries and ensure book of accounts reflect the correct business picture
• Maintain high quality balance sheet reconciliations and ensure that all deferrals and accruals are adequately evidenced and accurately
recorded
• Perform ageing analysis for all the open accruals/deferrals entries
Finance Reporting and Analysis Mumbai (Dec ’09 - Jun ’13)
• Responsible for preparing Management Accounts & Financial Reporting Pack comprising of detailed cost analysis, pertaining to
reconciliation & analysis of expenses related general ledgers
• Analyzing P&L & headcount and provide commentaries for senior management to aid high-level decision-making
• Performing Intercompany reconciliation between different legal entities and post necessary correction entries
• Undertaking P&L analysis and scrutiny of personal expenses, administrative and other expense heads
• Spearheaded the Finance Transformation Project for Mumbai thereby assisted in implementation of the new GL accounting system by
conducting User Acceptance Test and providing training for the impacted associates
UK & Asia Country Finance - Finance Analyst Mumbai (Apr ’08 - Dec ’09)
Asia Cost MI Reporting
• Managed the cost-base for Asia region, includes review and analysis of costs, flash reporting and MIS pack
• Ensured Management Information is produced for the cost base of each business area, which satisfies the needs of Management
• Production and analysis of the results to provide quality management reporting and to facilitate management decision making
• Production of commentaries that accurately describe the expense movement of the areas
• Ensure Improved Management information, operational efficiencies & value-added services
Integration Reporting
• Co-ordinate with countries to retrieve the cost incurred towards integration for management reporting
• Ensuring Management Information is produced for the Integration cost base which satisfies the needs of UK Management
• Performed reconciliation of the Integration cost and flagged any deviations from the budget
• Co-ordination for ad-hoc information requests
Fixed Asset Accounting
• Managed the UK Fixed Asset Register and monthly depreciation process
• Creation of fixed assets and passing the necessary entries in the book
• Co-ordinate with the auditors and provide clarification to determine the asset position
UK Product Control Finance Reporting London (Oct ’06 - Apr ’08)
• Support UK-wide initiative to upgrade and complete financial product book-mapping
• Maintenance of book mapping hierarchy for interest rate & cross-asset derivative products
• Perform monthly review and confirmation of data with owners for monthly provision of book mappings to Financial Control
• Run integrity checks and follow up on breaches as appropriate Ad hoc provision of data to multiple project teams in various areas of the
bank
UK Accounts Payable Mumbai (Mar ’05 - Oct ’06)
• Vendor reconciliation on weekly basis, reporting the same to business. Also cater to any ad-hoc request from the vendor
• Handling the team MIS and assisting the team lead in documenting the process
• Analyzing the MIS and working on the area of improvement and implement an action plan with the unit head
• Handling escalations and thereby helping S.B.I. credit card holders
• Assisting back-office operation in compiling data for analysis
• Handling Interactive Voice Response (IVR) process thereby enhancing the total satisfaction factor of the customers
• Improving software system usage by aiding in operational services
Executive MBA specializing in Finance