Head-Finance
Sands International
Total years of experience :28 years, 6 Months
Key Result Areas:
Orchestrating P&L of business with $200 M turnover.
Monitoring Finance Team of 20; identifying strategies for building team effectiveness by promoting a spirit of cooperation between team members
Preparing & finalizing individual country’s standalone financial and consolidation
Improving cash management and reducing shortages
Reviewing & approving commercials with the customers & vendors
Directing successful effort to raise additional capital for business growth to reduce borrowing cost Apprising management with monthly finance dashboard to CEO
Establishing & implementing internal control disciplines to maintain integrity and accuracy of financial reports
Sustaining cordial relations with Bankers, Auditors, Suppliers & Insurers
Bringing down overall finance cost of the company through intense negotiation and strengthening relationships with banks
Ensuring compliance with VAT of UAE & KSA
Achievements:
Exhibited leadership in arranging additional working capital and banking facility
Steered efforts in streamlining & revising credit control policy to arrest bad debts & leakages and improve cash inflow
Led successful implementation of VAT in UAE & KSA
Ingram Micro distributes and markets a large variety of electronics which it sources from manufacturers such as Acer Inc., Apple, Cisco, Hewlett-Packard ("HP"), IBM, Lenovo, Microsoft, Samsung and others. The company ranks 62nd in the 2015 Fortune 500 with turnover of $ 46 B. It is headquartered in Irvine, California.
Reported to CFO)
•Preparation of monthly financial statements.
•Reviewing gross margin of each consignment & advising business team about low/negative margin consignments.
•Analyzing the variance in direct & indirect costs & reporting to CFO/CEO.
•Management of Accounts Payable- Direct & Indirect expenses including T&E.
•Accounts receivable and revenue accounting.
•Ensure month end closure, provisioning & accruals.
•Finalization of accounts & co-ordination with statutory auditor & internal auditor.
•Review of quarterly Vendor & Customer reconciliations.
•Pay Roll accounting.
•Weekly MIS of potential collections to Credit team.
•Weekly circulation of potential vendor payables to CFO.
•Manage team strength of 50.
Highlights:
•Implemented work flow for accounts payable & receivable.
•Successfully centralized the accounts payable and Receivable (Cash applications) activities at Chennai from various regions.
•Introduced quarterly Vendor reconciliation & sign off process.
•Cleaned up Vendor Master & updation of PAN for all.
•Centralized Storage of financial documents.
Management of accounts payable of 11, 000 local loops/leads across India.
•Billing & Revenue assurance of above 11000 local loops.
•Management of business partners’ commission payable across globe.
•Management of employee payouts meeting the defined TAT.
•Month end provisioning & accruals.
•Variance Analysis.
•Liaison with bankers.
•Ensured adherence to SOX, Indian GAAP & US GAAP.
•Co-ordination with internal & statutory auditor.
•Handling high level escalations from vendors/customer/internal stakeholders.
•Prepared & circulated monthly dashboard to top management.
•Managed team strength of 25 members.
Highlights:
•Successfully centralized the accounts payable of 8 branches for network cost and channel partners’ payout within a span of 7 months (Awarded X-tra mile award of excellence by CFO).
•Migrated commercials of 11000 leased lines from manual process into SAP PO process. Saved Rs.3.59 Cr p.a.(Got Partner+Progress Award for Q2 2009-10-the highest award in the organization decided by a committee).
•Brought down the payment SLA from one month to 7 days for network service providers.
•Reconciled the old outstanding of major vendors i
BSNL is the largest telecom industry in India having annual turnover of INR.37000 Crores. Visakhapatnam Telecom District is a decentralized geographical unit of BSNL having turnover of Rs.160 Crores p.a.. It provides services such as basic telephone, Cellular Mobile (GSM & CDMA), Internet, broad band and leased lines and other value added services.
Headed internal audit function of India operation and streamlined & formulated the accounting process and policy.
•Reported (monthly) to MD based out in Srilanka & one of the core team member for SAP implementation.
Independently handled Statutory audits, internal audits, tax audits and accounting of big corporate and MNCs such as
B. Com with Accountancy Honors with Distinction
