Management Insurance
Resume:
Atul Chandra **** Ferncrest Road, Oakville ON
*.*******@*********.**
CFO/Finance Executive
A strategic, financial and operational leader with a record of implementing
growth initiatives, who focuses on core issues, develops practical
solutions in collaboration with stakeholders and achieves desired results;
values driven, and highly-regarded for integrity and ethics; consulted
internally on cross-functional issues; consistently delivers on
commitments; and, frequently relied upon for assuming additional
responsibilities and leading multiple projects.
Finance, Strategy and General Management experience. Willing to relocate
worldwide and travel extensively.
Career Highlights Value Proposition
Canadian Banking: Founding CFO and member of CFO who is a business
executive team that led the rapid growth of builder/partner
ICICI Bank Canada; within less than 7 years, Ability of performing in various
achieved rankings of 5th by total assets and corporate structures,
4th by profits amongst all foreign-bank geographies and industries
subsidiaries in Canada. Capability of simultaneously
managing strategic and
Indian Start-Up: After being recruited by day-to-day operating issues
Tokio Marine of Japan, relocated to India and Success in building teams,
led the start-up of its general insurance developing successors,
joint-venture, as de facto COO; negotiated cross-functional roles and
several partnership arrangements for enabling working with management and
expedited market entry. boards
Canadian Insurance: Developed financial and Areas of Expertise
business models for securing $150 million in
funding for direct life insurance and direct Strategic Planning &
general insurance start-up subsidiaries of Implementation
RBC Insurance. Led the growth of RBC General Financial Management & Control
Insurance, as de facto CFO. Performance Measurement
Mergers & Acquisitions
Mergers & Acquisitions: Worked extensively on Risk Management & Compliance
the $2.4 billion public offer by RBC for Process Improvement &
London Life, culminating in a significant Outsourcing
break-up fee, and worked as the lead analyst Board & Corporate Governance
on the $60 million acquisition and
integration of Westbury Life.
Career Summary
ICICI BANK CANADA, Toronto, Canada 2003-Present
Senior Vice President & Chief Financial Officer
ICICI Bank Canada, a retail and corporate bank with assets exceeding $5.3
billion, is a subsidiary of ICICI Bank Limited, the second largest
universal bank in India, with market leadership in all banking sectors,
assets exceeding $100 billion and operations in 20 countries.
Strategic Development
. Reporting to the CEO, monitor performance to ensure achievement of P&L
results and coordinate implementation of business strategies and
operating plans to enable the Bank to exceed its stretch targets.
. Led assessment of opportunities for acquiring Canadian banks, including a
publicly-listed bank, and coordinated consultations with external
advisors and negotiations with the targets.
. As a key operating strategy, developed an outsourcing program to take
advantage of the cost effectiveness of conducting back-office functions
in India, resulting in an efficiency ratio of 40%, well below industry
average.
. Led balance sheet growth, from $0.7 billion to $6.5 billion over 3 years,
and doubled net income over 2 years, while maintaining a well-diversified
risk profile (balance sheet was later de-risked and reduced to $5.3
million).
Financial Management
. Direct accounting, reporting, internal control and financial activities
of the Bank, which consistently receives clean audit opinions on its
Canadian, Indian and US GAAP financials. Sponsored the implementation of
IFRS.
. Built a team of 20 Finance, Administration and IT staff, who manage and
control various aspects of the Bank, including weekly MIS, systems and
networks, SOX attestation, BCP, office administration and taxation.
. Cultivate and develop relationships with external auditors, consultants
and regulators.
. Manage capital adequacy, dividend strategy and transfer pricing for the
Bank.
Corporate Governance
. As Vice-Chair, Management Committee, set agenda and coordinate overall
management of the Bank.
. As Chair (until 2008) and Member, Asset-Liability Management Committee,
provide oversight for all treasury activities, including derivatives,
liquidity/interest risk and balance sheet management; led complex
valuations.
. As Chair, Product & Process Approval Committee, provide oversight for
managing operational risks.
. As Member, Management Credit Committee, provide approvals for lending
proposals, resulting in a $4 billion diversified lending portfolio of
loans and mortgages.
Cross-Functional Management
. As IT Executive Sponsor, co-led the migration of the entire core banking
system of the Bank.
. As Ombudsman, resolve customer complaints through mediation between the
customer, the Bank and OBSI.
. As Corporate Secretary (until 2008), coordinated Board affairs; continue
to make presentations at meetings.
. As Compliance Officer (until 2007), led design and implementation of a
compliance management system.
PARAS CALLTEC, Mississauga, Canada 2001-2003
Vice President
Paras Calltec Limited is an offshore contact management and business
process outsourcing company, based in New Delhi, India.
. Reporting to the CEO, negotiated and structured outsourcing contracts and
managed client relationships.
TOKIO MARINE & FIRE INSURANCE, New Delhi, India 2000-2001
Vice President
Tokio Marine, the largest insurance group of Japan, has joint-venture
ownership of the start-up, IFFCO-Tokio General Insurance Company.
. Reporting to the CEO, developed strategic vision and long-term business
plan, and directed Marketing, IT and Strategic Alliances. Facilitated the
relationship between the joint-venture partners.
RBC INSURANCE, Mississauga, Canada 1995-2000
Director, Finance/Manager, Finance/Senior Financial Analyst
. Reporting to the CEO of RBC General Insurance, led and directed its
finance, accounting, reporting, strategic planning and administrative
functions; presented results to the Board and acted as the Compliance
Officer.
. Reporting to the CFO of RBC Insurance Holdings, evaluated merger and
acquisition opportunities, performed due diligence reviews and managed
special projects, such as development of a shareholder valuation model.
ERNST & YOUNG, Toronto, Canada
1990-1995
Manager/Staff Accountant
STEEL AUTHORITY, Rourkela, India
1986-1988
Production Manager
Education/Professional Development
Directors Education Program, Institute of Corporate Directors (Rotman
School) 2008
Executive Development Program, Wharton School (University of Pennsylvania)
1999
Chartered Accountant, Canadian Institute of Chartered Accountants (Ontario)
1993
Master Of Business Administration, Queen's University (Ontario)
1990
Bachelor Of Technology (Chemical Engineering), Indian Institute of
Technology (BHU) 1986
Board/Community Involvement
Director, The Scarborough Hospital
2011-Present
Director & Chair, Audit Committee, Oakville Hydro Corporation
2008-Present
Director & Vice-Chair (2008-2009), Oakville Hydro Electricity Distribution
Inc. 2008-Present
Member, Audit Committee, Oakville Hospital Foundation
2009-2011
Director, ICICI Wealth Management Inc.
2007-2008
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