Satish Selvanambi, Chief Financial Officer CFO - Primary Care

Satish Selvanambi

Chief Financial Officer CFO - Primary Care

Aster DM Healthcare

Location
United Arab Emirates - Dubai
Education
Master's degree, CGMA ACMA UK
Experience
23 years, 11 Months

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Work Experience

Total years of experience :23 years, 11 Months

Chief Financial Officer CFO - Primary Care at Aster DM Healthcare
  • United Arab Emirates - Dubai
  • My current job since August 2019

Key Profile:
Responsible for Business and Strategic Financial Management of 200+ Clinics, Retail Pharmacies and Labs with Ecommerce
• Drive Primary Care business with vertical CEO - 50% of the overall group
• Boost business opportunities through identification of new revenue streams, maximization of capacity utilization
• Vertical P&L responsibility with end-to-end Finance and Accounts operations, functional KPIs and team development
• Lead performance measurement, ROI based and potential driven asset allocation for the sub-units
• Collaborate with Group management and external stakeholders for smooth commercial operations
Key Highlights:
• Successfully integrated intra-vertical functions into a Single consolidated vertical Finance team
• Initiated cost saving measures through non-core task offshoring and process automation
• Doctor utilization and Staff optimization across Units
• Brought down Days Sales Outstanding

Global Finance Controller at HMD Global - Home of Nokia Phones
  • United Arab Emirates - Dubai
  • January 2017 to April 2018

Key Profile:
Chiefly responsible for Finance Management, driving Marketing operations, data analytics and reporting
• Manage Global Marketing Finance function facilitating strategy and planning, ensuring that KPIs are followed across the markets by partnering closely with the senior stakeholders (CFO, CMO) as part of the CFO’s Controllers team.
• Drive the Operational Excellence in the Financial & Accounting area, by supporting a cross functional team and implementation of Global Finance initiatives, maintaining high compliance standards
• Assist the Senior Management by providing Financial Analysis, insights and recommendations on all elements of marketing mix, market expansion and growth strategy.
• Work closely with IT to increase automation in the financial and accounting processes.
• Manage the overall marketing planning and operations framework for the new Start-Up, drive return on investment philosophy across the marketing function
• Work with Brand Licensor and Technology Partners like Nokia in aligning brand and marketing activities, collaboration and reporting.

Key Highlights:
• Instrumental in best utilization of the Marketing Investments and Resources ~ 10% of topline.
• Successfully led, developed and coached the Global and Local Marketing finance team along with establishing Marketing Finance function and processes (planning, control, reporting)

Revenue Controller at Microsoft + Nokia
  • United Arab Emirates - Dubai
  • September 2005 to December 2016

Key Profile:
Efficiently managed Business Analytics, Sales Forecasting & Planning, Capital Expenditure, Product Costing, Inventory Control, Customer Interface, Credit Management and Cost savings.

• Managed Sales Planning, Sales Target Setting, and Performance Management across MENA Area (18 countries)
• Managed Area Sales and Gross Margin optimization with financial evaluation of opportunities and risks
• Managed Customer interface, Channel Inventory control and Credit Management
• Successfully implemented Sales Terms and Conditions (T&C), Pricing policies and processes
• Responsible for Capital expenditure investment planning, budgeting and business cases
• Managed Product Costing, Inventory planning and controlling in Nokia’s biggest Factory
• Functioned as the Project Core Team member: Factory set-up, Expansion, Self-Billing Invoice, Kaizen, Six Sigma

Key Highlights:
• Played an important role in Nokia's biggest Factory’s construction CapEx. of $200m
• Instrumental in leading the lowest Product Cost production among 10 Factories
• Significantly reduced carrying costs and obsolescence risks @ 30%
• Played a key role in achieving 5% of topline cost saving through best in class Sales planning
• Successfully reduced Accounts Receivable by 5 days and credit risk through collaterals

Zonal Finance Manager at Henkel
  • India
  • April 2001 to June 2005

Key Profile:
• Managed overall Country Financial Planning and Analysis with the Country Management
• Supported Asset Allocation and drove ROI philosophy with financial target achievements
• Ensured budgetary control and optimization of Marketing Investments
• Customer interface with Credit Management responsibility

Key Highlights:
• Spear-headed SAP R/3 ERP implementation as part of core team across all the units in the country
• Implemented Cognos (Adaytum) planning tool for business planning and simulations
• Assisted in preparation of the company’s Annual Report

Assistant Manager at Dishnet DSL
  • India
  • January 2000 to March 2001

Established A/R Function, Billing system and Revenue Recognition

Executive at IBM
  • India
  • January 1999 to December 1999

Developed Business processes with control checks and audit testing•
Interface between Global Audit and the country functional departments•

Education

Master's degree, CGMA ACMA UK
  • at Chartered Institute of Management Accountants CIMA
  • November 2010

Strategic Financial Management

Master's degree, ACA
  • at The Institute of Chartered Accountants of India
  • November 1998

Financial Accounting, Auditing, Taxation

Specialties & Skills

Business Modeling
SAP ERP
Supply Chain Finance
Financial Control
Strategic Financial Planning
BUSINESS PROCESS
BUSINESS MODELLING
COMMERCIAL FINANCE
BUDGETING FORECASTING REPORTING ACCOUNTING
FINANCIAL PLANNING AND ANALYSIS
SAP ERP IMPLEMENTATION
FINANCIAL CONTROL
START UP
SUPPLY CHAIN FINANCE - LOGISTICS MANUFACTURING
SOX AUDIT COMPLIANCE
CUSTOMER CREDIT

Social Profiles

Personal Website
Personal Website

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Languages

English
Expert

Memberships

Chartered Accountant
  • Member
  • November 1998
Chartered Institute of Management Accountants CIMA UK
  • Member
  • November 2010

Training and Certifications

Corporate Finance (Training)
Training Institute:
Corporate Finance Institute
Date Attended:
May 2018

Hobbies

  • Reading
    Constant learning and expanding knowledge horizon