Finance Manager
HSBC Bank
Total years of experience :18 years, 11 Months
Key Responsibilities:
• Leading a team of 8 FTE’s, performing consolidation & reporting of Management Information (both quantitative & qualitative) for Retail Banking & Wealth Management - HSBC APAC Sites.
• Assist in key month end activities which provides oversight of completeness and accuracy of underlying management information
• Support various teams with key Management reporting as appropriate
• Reviewing financials on a daily basis during the month-end period and reporting issues to finance management, comparing Actual to plan/ forecast/ prior period to ensure correct month-end close & investigating unusual postings and/ or escalating with senior management.
• Analysing, investigating and explaining key movements and trends in major P&L lines
• Preparation of monthly financial metrics and key business drivers specific to different products
• Monthly variance reporting and reporting of any issues, risks & opportunities, Flash reporting (pre- month end estimates of expenses)
• Monthly management reporting, preparing reporting decks & management reviews as required
• Working with Country & Regional Managers to create and review quarterly forecasts and annual financial plans, including reporting & analysis to explain changes against given baselines
• Ensure weekly reporting of RBWM sales at product & segment level for financials & non financial indicators.
Reporting Planning & Analysis - BT Operate
leading a BT Operate team in Gurgaon & to drive BT profitability as a Central Finance Team Business Partner to the BT Operate Business Insights team, by ensuring that Operate management team understands the dynamics of its profitability and managing the provision of the reporting, planning and analysis requirements of BTO Business Insights (BI) Finance team and taking responsibility for the control, processing and consolidation of monthly results, forecasts and undertaking key project activities and liaising with BT Operate Consolidation team.
Key Responsibilities:
• Manage the overall monthly operational, budgetary, and financial responsibilities and activities for 10 FTE’s looking after Gross managed Cost & revenue/recoveries.
• Coach, mentor, and develop staff, including overseeing new employee on boarding and providing career development planning and opportunities
• Schedule quarterly one on one with team member to share performance assessment & candid feedback for their development.
• Closely monitor Team members PDP’s & help them in identifying their development areas.
• Plan, evaluate, and improve the efficiency of business processes and procedures to enhance speed, quality, efficiency, and output
• Provide Commentary on monthly results, Review of P&L & BS with Finance director & Business Units
• Responsible for review & submission of half yearly forecast
• Ensure all the Intercompany charges are raised to other entities & validate/approve all charges raised on the entity.
• Responsible for setting up all transfer charge agreements & InterCo deals in line with Group guidance with market facing units (MFU’s)
• Provide analysis & commentary on monthly & YTD variances for Gross Managed Cost & Revenue submitted for Group consolidation & Management discussions.
• Responsible for monthly on top adjustments to reflect true &fair view of Revenue & COS.
Financial Analyst: - May '10 - Sep '11
BT plc Group Subsidiaries - E*MEA
Managing Local teams (BT & Contractors) & provides financial management of circa 10 reporting units of BT within the EMEA region, encompassing financial and commercial support. The role provides a pivotal communication point between BT and third party local accountants ensuring that results submitted are complete and accurate, and that the outsourced accountants adhere to BT and best practice policies at all times.
Principal Responsibilities: • To manage & liaison with the local outsourced finance teams (Ernst & Young, Deloitte & BDO) to ensure that all financial reporting is carried out effectively and efficiently
• Exercise robust financial control of the outsourced entities
• Ensure that accounting records are maintained in accordance with EU IFRS, the BT Group Accounting Manual and local accounting principles
• To ensure that local audit, statutory accounts, tax returns and other filling requirements meet all local filling deadlines. Working closely with external auditors (Pwc) to facilitate the audit and to resolve audit issues
• To maintain timely and accurate communication of results to BT group on a monthly basis performing a detailed review of results submitted by the local accountants, posting adjustments as considered necessary and drafting a summary of the key transactions/movements each month to review balance sheet reconciliations submitted by the local accountants, to ensure: o The completeness and accuracy of the accounting records,
o That underlying balances are fully supported, and o That profit and loss lines are correctly allocated
• To enforce compliance with BT Global Finance Procedures for outsourced finance units
• To advise local accountants of new contracts and activities that will impact the entities they manage. To include an overview of the contract/ activity and specific details on the established process.
• To work with project managers/contract accountants to ensure the accounting for transactions is complete and accurate
• Provide the first point of contact for local accountants and the wider BT team when they require any clarification, assistance or authorization from BT for the outsourced entities
• To maintain the timely and accurate billing of inter-company transactions via BT's internal billing system
• Weekly review of rolling forecast for any funding request raised in EMEA region
• To support the EMEA Financial Controller in ad-hoc project assignments such as cost transformation and control optimization
Projects
SSC- Risks, Control & Compliance
• Ensure all major risk of BT SSC are identified and analysed, Support management & operation team in mitigating the risk identified.
• To coordinate coverage with the external auditors and ensure that each party is not only aware of the other's work but also well briefed on areas of concern
• Facilitate operational teams on remediating the gaps identified by external auditors on internal controls.
• To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation
• To plan, organise and carry out the internal audit function including the preparation of an audit plan which fulfils the responsibility of the department, scheduling and assigning work and estimating resource needs
Accenture Financial Services -Universal Music Group
Subject Matter Expert- Jan '09 to May '10
Key Role: (Record -to -Report)
To assist Finance Director's of Denmark & Finland units in financial management, Business planning, risk & compliance management.
Responsibilities: • To maintain timely & accurate communication of results to Group Consolidation Team on monthly basis.
• Ensure all Intercompany charges are recorded & invoiced for the period they pertain.
• Computing periodical accruals/provisions & ensure they should be recorded in the relevant period. Carrying in-depth financial analysis of periodical management reports followed by comments on financials
• Monitoring MIS reports on business performance parameters and reviewing variance reports for comparative periods.
• Prepare reconciliation for all key accounts in Balance sheet/Profit & loss account & investigate open items
• Monthly reviewing & submitting Aged Debt's Report to FD's
• Closely Working with FD's on various Business Model's of expansion (TV Break, Joint Venture, Split Risk etc.)
• Monthly/Half yearly Cash Budgeting & forecasting
Transitioning Role: • Travelled to Denmark, Finland, United Kingdom & Chennai for knowledge sessions & transitions
• Documentation of all processes & activities. ( SOP's & DTP's)
• Prepared Operation Excellence Documents (Control Point Charts, FMEA, Detailed Process Maps, SIPOC, Visual Matrix etc.)
Mahalwala & Co. (CA Firm)
Audit Assistant/Accountant - Feb '07 to Jan '09
• Planning, preparation & review of interim & annual financial statements of various clients.
• Preparation & review of Income Tax / TDS / VAT returns
• Tax planning & advisory for individuals/Sole proprietorship/Partnership firms
• Statutory, concurrent & tax audits of several clients
GENPACT (GECIS) - GE Insurance Solution /Swiss Reinsurance
Process Associate - June '05 to Feb '07
• Single FTE role in Treasury Accounting process for GE Insurance solution-Globally.
• Dealing with the bank in case of any stops & voids of cheques
• Intercompany Accounting & Fixed Assets Accounting
• Monthly Cash forecasting & Positioning
• Gained knowledge in US compliance law of 1099 & Escheatment
Chartered Accountant from ICAI
Certified Treasury Manager & Post Graduate Diploma in Treasury & Forex Management
10+2 (Com. Stream) ST. Xavier Public School - Delhi - 79%
Graduation B.Com (H) (2000-03) - 64 % Delhi University- Zakir Husaain College