Finance Professional
Resume:
Vikram R Sreedhar
Finance Professional with ** years of experience in Business analysis, Data Analytics, Financial Planning and Analysis, Valuations, Accounting, Taxation, Finance controlling, Finance Operations, Internal Audits & Fraud investigations.
Extensive experience in Manufacturing, IT Enabled Services, Engineering, Retail and Health care services sector.
Proven people leader with experience in successfully leading teams (5-15 members)
Middle East Engineering College Muscat, Oman
Chief Financial Officer Apr 2018 - Present
Managing, Accounting, Taxation, Valuation & risk assurance functions. Designed & Implemented data visualization tools. Conceptualized and implemented predictive analysis models in revenue forecasting. Negotiated Re-financing to the entity and re-engineered the food business.
Columbia Asia Hospitals Pvt. Ltd Bangalore, India
Vice President – Finance Nov 2012 – March 2018
Conceptualized, designed new Healthcare Information systems, Activity Based costing Systems. Developed Business Valuation models. Designed and developed statistical data analytics to seek optimizations in factors underlying price, cost considerations & efficiency in operations. Designed and developed Fraud investigative tools to address inherent business and transactional risks. Investigated fraud cases and recovered misappropriated amount to an extent of INR 10 Million. Conceptualized and implemented GST for entire organization. Designed and implemented Financial Planning and Analysis and MIS for entire chain of hospitals through SAS. Instrumental in facilitating Project finance for 5 new hospitals
Lifestyle India Pvt. Ltd Bangalore, India
DGM – Finance Jan 2011 – Oct 2012
Business Controller for Shoe Mart & Lifestyle Divisions of the Company. Designed Statistical data analytics in forecasting day wise sales for better inventory and resources management. Ensured reduction in inventory and improvising sell through ratios
Hansen India Ltd Coimbatore, India
Sr. Manager – Finance Nov 2008 - Apr 2010
Instrumental in setting up the manufacturing unit of Gear boxes. Conceptualized, architected, developed and implemented Budget planning & analysis, reporting and standard costing systems
OTIS Elevators India Ltd Bangalore, India
Sr. Manager – Finance Jan 2007 – Oct 2008
Financial Controller for Southern Region. Conceptualized, architected business controls. Designed & Implemented 6 sigma tools to streamline and solve operations problems in areas of receivables, project cost management and payables.
Motor Industries Co. Ltd (Bosch) Bangalore, India
Officer – Finance Aug 1999 - Feb 2005
Conceptualized, implemented Centralized Payroll function across Sales Aftermarket region, Optimized lead times in production in tool division. Conceptualized & Implemented Standard Cost accounting system and logistics evaluation score cards. Part of internal audit and Fraud investigation team.
******.********@*****.***
No.439, 16th A Main, 36th Cross, 4th T Block, Jayanagar, Bangalore, India, 560041.
Cellphone +91-998*******
Date of Birth – 24.12.1978
Competencies & Skills
FP&A
Accounting
Costing
IFRS
Strategy
Data Analytics
Reporting & Controlling
Treasury & Project Finance
Business Valuations and modeling
Internal Audit
Fraud Investigations
Indirect Taxation
Direct Taxation
Conceptualization
Team Playing
Learnability
Academic Credentials
B.Com, ACMA, PGDBA, CIA, CISA, CFE, ACCA,PGDDA from IIITB
Technology
MS Office, SAS, SAP, JD Edwards, Care 21, Lotus notes, Baan, Minitab, SQL & R (Intermediate), Python (Introductory)
Interest
Spirituality, Meditation, being in solace, Volunteering, Teaching,Exploring & Analyzing Random datasets
Languages
English, Kannada, Tamil, Sanskrit, Hindi
Annexure for Detailed Work Experience
1. Organization: Middle East Engineering College
Designation: Chief Financial Officer
Period of Service: Apr 2018 – Present
Overview: Middle East College is a premier college in Muscat, Oman and has partnership with Coventry and Breda University UK.
Job Description: CFO reporting to Managing Director
Roles and Responsibilities:
Establish operational control procedures for business divisions to ensure revenue assurance & inventory control
Meet internal and external reporting requirements and deadlines including generation of timely standard reports needed by the management.
Preparation and Implementation of budgets and developing reporting mechanisms including variance analysis of actual versus budgets. Ensuring adequate controls and warning mechanisms are put in place when the thresholds are crossed.
Responsible for enterprise Financial Planning and Analysis and reporting.
Ensure Key Result Areas are achieved for entire finance function in terms of Receivables, Inventory, Compliance, Training, Audit & Assurance.
Evaluation of new business proposals and assist Board and senior Management in decision making
Responsible in process of acquisitions and financial valuations of new business
Responsible in process of company business valuation and strategic stake sale to investors
Interaction with Banks, Financial institutions, credit rating agencies & investors on business forecasts & outcomes. Actively involved in co-ordination with banks on project financing for working capital and long-term loans
Key core team member in designing the data analytics and data visualization for the organization
2. Organization: Columbia Asia Hospitals Private Limited
Designation: Vice President - Finance
Period of Service: Nov 2012 – March 2018
Overview: Columbia Asia Hospitals is a premier US based FDI in Healthcare Sector and has chain of 12 hospitals across India and 29 hospitals across South East Asia
Job Description: Vice President Finance of Company and directly reporting to CFO
Roles and Responsibilities:
GST scoping & Implementation
Establish operational control procedures for business divisions to ensure revenue assurance & inventory control
Meet internal and external reporting requirements and deadlines including generation of timely standard reports needed by the management.
Preparation and Implementation of budgets and developing reporting mechanisms including variance analysis of actual versus budgets. Ensuring adequate controls and warning mechanisms are put in place when the thresholds are crossed.
Responsible for Companywide Financial Planning and Analysis and reporting.
Ensure Key Result Areas are achieved for entire finance function in terms of Receivables, Inventory, Compliance, Training, Audit & Assurance.
Evaluation of new business proposals and assist Board and senior Management in decision making
Responsible in process of acquisitions and financial valuations of new business
Responsible in process of company business valuation and strategic stake sale to investors
Oversee Internal Audit and Fraud investigations functions.
Establish data analytics tools and help operations in understanding underlying factors in terms of price, cost and usage seek efficiency through optimization
Design and implement operating procedures for finance operations
Assist CFO in matters of formulation & implementation of Financial and business strategies.
Interaction with Banks, Financial institutions, credit rating agencies & investors on business forecasts & outcomes. Actively involved in co-ordination with banks on project financing of new hospitals and other projects.
Key core team member in designing the new Health Information System for the organization
Design and implementation of Activity Based costing System across organization
Oversee Cost Audits Review and conducting Risk based assessments and Internal Audit plan.
Monitor Documentation of control framework and monitoring through Control Self assessments
Leading Accounts Receivables and Accounts Payables Function
Ensured IFRS & IND AS compliance for entire enterprise of Indian Operations.
3. Organization: Lifestyle India Private Limited
Designation: DGM - Finance
Period of Service: Jan 2011 - Oct 2012
Overview: Lifestyle India Private Limited is a subsidiary of Landmark Group Dubai and pioneers in Indian Retail Sector.
Job Description: Business Controller for Shoe Mart & Lifestyle Divisions of the Company and functionally reporting to CFO of the Organization & administratively to BU head
Roles and Responsibilities:
Establish operational control procedures for business divisions to ensure revenue assurance & inventory control
Meet internal and external reporting requirements and deadlines including generation of timely standard reports needed by the management.
Implementation of budgets and developing reporting mechanisms including variance analysis of actual versus budgets. Ensuring adequate controls and warning mechanisms are put in place when the thresholds are crossed.
Inventory & Payables Control
Take responsibility for career development of team based on individual and Company Goals including ensuring low attrition and high retention.
Competition Analysis
Responsible along with the Business head for budgeted Margins & Stock norms
4. Organization: Firepro Services Private Limited
Designation: AGM – Finance, Group Financial Controller
Period of Service: Apr 2010 - Jan 2011
Overview: Firepro is an Indian MNC & pioneer in design and execution of building Management Systems and Fire execution systems.
Job Description: Responsible for providing effective accounting and reporting package to company and reporting to CFO of the Organization and due diligence of the Organization. Company was a Target acquisition for UTC Fire & Security and was an UTC (United Technologies Corporation) representative/(standee) in Firepro for the process of due diligence and closure of books.
Roles and Responsibilities:
Financial accounting including payroll, A/P, A/R, G/L, bank reconciliation and financial reporting for all companies in the group within India
Establish new operational control procedures in the accounts team
Meet internal and external reporting requirements and deadlines including generation of timely standard reports needed by the executive committee.
Monitor and enforce operational and internal control procedures
Ensure compliance with state, central and company policies, procedures and regulations including adoption of IFRS within the stipulated guidelines.
Ensure compliance with respect to closing calendar, taxation, planning deadlines, Companies Act, and reporting requirements for the organization.
Production of statutory accounts and audit responsibility
Oversee the production of monthly reports including reconciliations as well as financial statements and cash flow projections for use by Executive management and the Board of Directors.
Implementation of budgets and developing reporting mechanisms including variance analysis of actual versus budgets. Ensuring adequate controls and warning mechanisms are put in place when the thresholds are crossed.
Implementing mechanisms to monitor assess and control cash at the ground level.
Take responsibility for career development of team based on individual and Company Goals including ensuring low attrition and high retention.
Review and conducting Risk based assessments.
Documentation of control framework and monitoring through Control Self assessments.
5. Organization: Hansen Drives Ltd
Designation: Sr. Manager – Financial Reporting, Analysis & Cost Accounting
Period of Service: Nov 2008 - Apr-2010
Overview: Hansen is a Belgium based company & pioneer in manufacture of gearbox that forms part of Wind based power turbines. UTC (United Technologies Corporation) was strategic investor in Hansen and was transferred to Hansen from OTIS to facilitate Startup operations in Coimbatore, India.
Job Description: Is responsible for organizing and executing the entire company Reporting, Financial Analysis and Cost Accounting in order to contribute to the development of the financial policy and reporting to CFO of Organization
Roles and Responsibilities:
Is responsible for setting up and monitoring P/L Statements and Balance Sheets.
Prepares detailed reports (ratio analyses, investments analyses, financing analyses, inventory analyses & business analyses)
Is responsible for all internal reporting both from accuracy and timeliness.
Is responsible for Cost Accounting matters (e.g. Rate calculations, Inventory valuation, etc.)
Is responsible for maintenance of costing records.
Is responsible for the preparation of financial forecasts & Business Plan.
Is responsible for the development and implementation of a budget and control system.
Ensures the preliminary and retrospective projects calculations.
Analyses financial reports.
6. Organization: OTIS Elevator Co. (I) Ltd
Designation: Sr. Manager – Finance, Accounts & Internal Audit
Period of Service: Jan 2007 - Oct 2008
Overview: OTIS is an Inventor and Market leader in Elevator Industry. One of the companies under United Technologies Corporation (UTC)
Job Description: Working as Regional CFO for Southern Region and overseeing the finance accounts and internal audit functions and reporting to CFO of Organization
Roles and Responsibilities:
Monthly, Annual closing of books of accounts.
Ensuring Profitability as per business plan for region.
Analysis on Actual performance on all Business parameters with respect to Plan.
Monitoring & Gap analysis of Actual cost and Profitability against Estimated for all projects with the help of Job costing System.
Reconciliation and Tax analysis of accounts.
Handling Statutory Audits.
Overseeing Payroll, Accounts Payable, and Accounts Receivable & General Ledger function for entire region.
Monitoring administration of VAT & other statutory obligations.
Planning Internal Audits for Region and monitoring Internal Controls Adherence.
Leading Internal audits of Revenue cycle, Payment cycle, HR function, Customer Service, Project Management, Sales & Marketing function.
Documentation of control framework and monitoring the same as per SOX Act
Resolving controls related escalations in all functions within Southern Region
Review and conducting Risk based assessments with different functions
Collation and presentation of metrics on Internal Audit Impact and efficacy
Investigations of code of conduct and ethics breach.
7. Organization: IBM India Pvt. Ltd.
Designation: Assistant Manager Finance
Period of Service: Mar 2005 to Jan 2007
Overview: IBM is a technological leader and provides business solutions to Enterprises. Business Solutions pertains to functional activities such as Information & Technology, Logistics, Supply chain integration, accounting services & end customer support.
Job Description: Working as senior financial analyst providing accounting consultancy services to IBM Clients
Roles and Responsibilities:
Monthly, Annual closing of books of accounts.
Providing analysis and support on General Ledger activities to clients.
Reconciliation’s and Tax analysis of accounts.
Handling Statutory and Internal Audits.
Review and Designing of business control measures.
Migration of accounting activities from Clients site to IBM
Preparation and documentation of Knowledge transfer involved in transforming Clients activities to IBM
Documentation of control framework and monitoring through Control Self assessments
8. Organization: Motor Industries Company Ltd. (BOSCH)
Designation: Officer - Accounts
Period of Service: Aug-1999 to Feb-2005
Overview: Motor Industries Co. Ltd. is the subsidiary of Robert Bosch GMBH Germany. Bosch is a world leader in diesel fuel injection technology and automobile components. MICO is the leader in diesel fuel injection components in India.
Job Description: Worked as Commercial Manager for Karnataka region and national payroll manager for aftermarket division.
Roles and Responsibilities:
Accounts receivable - Bank reconciliation, Customer account reconciliation, debtor & nominal ledger reconciliation, and handling customer claims.
Accounts Payable Supplier payment, TDS administration and issuing of Form 16A to suppliers and filing of TDS returns.
Payroll Administration for 400 employees of aftermarket division, issuance of Form 16 and filing of TDS returns.
Monthly and Annual Closing books of accounts
Handling Statutory and internal audits.
MIS reports on sales and administration costs and variance analysis with budget, age wise report on customer outstanding.
Handling of Sales tax assessments and monthly filing of sales tax returns.
Internal Auditor for a period of 3 years through internal transfer. Audited Revenue cycle, payroll function, system development & financial reporting
Process improvements through Internal Audit
Part of Fraud Investigations team
Academic Credentials
Year of Passing
Certification/Professional Qualification
University/School/Institute
Grade/ Percentage
Mar-18
Post Graduate Diploma in Data Analytics & Sciences
IIIT - Bangalore
CGPA 3.6/4
Dec-12
ACCA – Knowledge & Skills Levels
Associate Certified Chartered Accountant, UK.
61%
Nov-11
Certified Fraud Examiner (CFE)
Association of Certified Fraud Examiners, USA
85%
Dec-09
Certified Internal Auditor (CIA)
Institute of Internal Auditors, USA
85%
Jun-08
Certified Information Systems Auditor (CISA)
ISACA, USA
64%
Jun-02
Associate Cost & Management Accountant (ACMA)
Institute of Cost Accountants of India
57%
Aug-01
Post Graduate Diploma in Business Administration (PGDBA)
Indo German Chambers of Commerce, Mumbai, India
84%
Apr-99
Bachelor of Commerce (B.Com)
Vijaya College, Bangalore University, India.
80%
May-96
Pre-University College – 12th Standard
Vijaya Junior College, Bangalore, India
87%
May-94
SSLC-10th Standard
Sri Ramakrishna Vidyashala, Mysore, India
82%
Leadership Roles, Achievements, Projects & Awards
First Rank in PGDBA amongst 48 candidates.
All India highest marks in CMA Final course in Financial management & Advanced Management Accountancy.
Implemented Standard Costing system in Nashik Plant of BOSCH
Performed Value chain analysis on Tool room at BOSCH Plant Audugodi and reduced the lead time of production of critical tools from 16 weeks to 4 weeks.
Successfully Transitioned Migration of General Ledger accounting of Trade & Logistics Finance from IBM US onsite to IBM Bangalore in record 3 months of time.
Awarded, President’s Gold Award-2007, for Effective Working Capital Management at OTIS
Conceptualized and implemented standard costing system in Hansen Gear Manufacturing Plant
Successful completion of due diligence exercise of Target Company for UTC Fire & Security
Conceptualized and implemented daily forecasting and weekly forecasting of sales and demand at Lifestyle stores with help of Time series analysis
Designed and developed Fraud investigative tools to address inherent business and transactional risks. Investigated fraud cases and recovered misappropriated amount to an extent of INR 10 Million.
Designed and implemented Financial Planning and Analysis and MIS for entire chain of hospitals through SAS.
Effectively Managed Project Finance & Treasury in co-ordination with Banks in setting up 5 new Hospitals at Columbia Asia Hospitals Pvt Ltd.
Conceptualized and implemented GST for entire organization.
Conceptualized and implemented data analytics tools of logistic regression and time series in facilitating organization in addressing human resource attrition and forecasting IP and OP admissions with help of time series analysis.
Implemented ACL – data analytics audit software used to find irregularities or patterns in transactions that could indicate control weakness or fraud.
Individual assignments and group projects done in data analytics as part of IIITB – PGDDA course
objective to identify hand written digits based on the pixel values given as features and develop a model using support vector machine
objective is to forecast sales and demand for t 6 months for top most profitable and consistent market segment using time series analysis
Car Price model using multiple regression analysis
Model a probability of attrition using a logistic regression analysis
Identify variables resulting in loan default by using exploratory data analysis
Insights to Uber cabs supply demand gap and provide solutions to address same by using exploratory data analysis
Big Data Analytics - Telecom data analysis of three countries using Hive query language using Hue note book.
Big Data Analytics – Text data analytics of Amazon review data and finding the popularity of the various products using Spark R
BFS Domain Analytics - Building a response model on the bank marketing dataset. To predict the probability of response of each prospect and target the ones most likely to respond to the next telemarketing campaign.
Capstone Project - To identify the right credit card customers using predictive models by using past data of the bank’s applicants. Determined the factors affecting credit risk, created strategies to mitigate the acquisition risk, developed credit score of customers and assessed the financial benefit of predictive analysis model.
Volunteer with Sri Ramakrishna Mission for past 28 years
Volunteer in assisting teaching children who have been deserted or orphaned in association with YFS
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