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Finance Manager/Controller

Location:
Naperville, IL, 60540
Salary:
115000
Posted:
January 23, 2011

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Resume:

RAMANATH PAI

*, ********** ******, *** **, Naperville, IL 60540

Phone: 1-312-***-**** svm39o@r.postjobfree.com

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DIRECTOR OF FINANCE (US)

P&L Management Budgeting and Expense control

Project implementation Balance sheet management Board reporting Staff development Corporate governance & policies Client relations

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Senior executive with strong financial and administrative skills in privately-owned and publicly-traded companies. Proven track record in leadership, team building, acquisition accounting and finance. Skilled in GAAP, treasury management, compliance reporting, risk management & control compliance

CERTIFICIATION & EDUCATION

o Certified Public Accountant (CPA), State of Colorado, Jan 2008

o Chartered Accountant (ACA) from ICAI India, May 2001.

o Certified Information Systems Auditor (CISA), June ‘05 from ISACA (USA)

o Graduate in Accounting, 1997 from Bangalore, India

PROFESSIONAL EXPERIENCE

Synovate Inc., Jun ‘06 – Present

Chicago, Illinois

Director of Finance (US) Jul ‘10 – Present

o Strategic management. Manage business planning cycle; control the budgeting process and forecasting. Involves monitoring of KPIs, variance analysis, Risks/ opportunities tracking, control charting of projects. Evaluating results at the Global level and preparing monthly executive summaries

o Group Reporting - Detailed analysis of US monthly financials & project profitability reports.

o Balance sheet management. Optimum Cash management & debtors’ control, managing working capital through regular SBU Balance sheet reviews. Statutory compliance of financial statements to IFRS reporting requirements

o Board Reporting. Providing strategic updates each month on business situation and short term forecasts of business

o Lead with leadership. Manage by exception in setting team goals & objectives. Implementation & supervision of new accounting/ reporting areas under Global finance department

Synovate India

Bangalore

Senior Manager Global finance Jun ‘06 – Jun’10

o Global reporting. Monthly reporting of global results to the Synovate global management team. Ensure correctness & accuracy of reported nos. to the parent company Aegis, a listed co. on the London Stock Exchange

o Controllership & corporate governance. Communication of parent company accounting policies to the subsidiary groups & its subsequent implementation

o Acquisition accounting and Integration process. Monitoring accounting of new acquisitions, classifying the pre and post acquisition entries for the group company consolidation, analyzing the deferred consideration calculations and Earnout payments and harmonization of group accounting policies into the acquired company

o Monitoring Central office costs. Overseeing the allocation & monitoring of Head office costs to the Business units. Complexities involves finalization of Transfer pricing rules, acceptance of central costs allocation legal agreements & impact of forex on cash flows

Key wins/ milestones:

o Consistent IFRS compliant reporting for consolidated reporting with parent company Aegis group, & creating geographical responsibilities within the Global finance process and enabling timely reporting structure

o Constant monitoring of Cash flows leading to significant improvement in internal cash flow generation through structured implementation of key steps at each country/ SU level

o Transformation of Key accounting processes & reducing mandays in monthly processes

o Oversee team implementing workstreams in financial reporting; breaking up complex processes to enable ease of reporting. Streamlined corporate overhead reporting process in monthly management reporting.

o Report transformation from Excel to Hyperion Essbase. Lead the team in data conversion of prior years and creating standard templates after conversion which has enabled in building up robust/ consistent reporting platforms

Logica CMG May ‘05 – Jun ‘06

London, UK

Manager – Financial Planning & analysis

o Management reporting. Analysis of project costs vs. revenues for each reporting vertical. Detailed analysis of project profitability schedules to ensure correctness of vertical P&L

o Prepare Bids for external IT projects & representing finance as part of the Bidding team; preparation of profit and revenue walk - Strengths vs. Weakness; Risks vs. Opportunities analysis & waterfall charts for management presentations

o Conversion of reporting from geographical to service stream for Global Service Delivery (GSD) setup. This involved extensive traveling to UK, interacting with internal associates and external customers and implementing a working environment. This was part of the implementation of company’s GSD (Global Service Delivery) model capabilities

o Audit of the existing accounting systems and realigning them as per the GSD model requirements

GE CAPITAL (A General Electric company) Jun ’04 - May ‘05

Bangalore, India

Manager – Finance Centre of Excellence

o Setting up Standard costing systems on Oracle by creating a complex Bill of Materials structure (BoM) in the manufacturing module, continuously monitoring the cost variances in the end product and harmonization of global costs through standard sourcing practices

o Documentation of the existing costing systems at GE Healthcare (a GE company) at Milwaukee, USA

o Constant monitoring of Regional Inventory costs for China by providing wing to wing support

o Responsibility of documenting Standard Operating Procedures (SOPs), various measurement indicators for Six sigma (Manage For Results, Mistake Proofing documentations)

o Certified trainee for compliance in SOX 404 implementation in GE Capital, India

WIPRO Mar ‘03- Jun ‘04

Bangalore, India

Accounts Manager

o Managing the Central Cash management system (CMS) of the FMCG vertical. Forecasting cash flow projections to minimize interest losses and consolidating on cash pooling balances with Head office.

o Monitoring working capital requirements with Bankers for Import L/Cs, Overdraft balances & Bank guarantees

o Monthly executive summary reports to the management on the performance of the division through preparation of Executive summaries

o Competition analysis of FMCG sector against divisional results. Prepare and present comparative statements of financials of the competitors for benchmarking.

ATLAS LOGISTICS Oct ‘01- Mar ‘03

Bangalore, India

Finance Controller

o Representing finance leadership in the organization. Make presentations to the central management team with respect to regular finance updates to enable decision making enroute

o Managing the central accounts and reporting team. Ensure monthly reporting timelines are met to organization’s requirements

o Implement cash maximization policies within the organization to minimize company’s risk on cash overdraw facilities. Managing forex flows within the organization as a major part of the company’s outflows represents company’s forex payments on sea & air imports

o Meeting company’s statutory obligations in terms of WHT, Service tax regulations & IATA obligations



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