Management Manager

RAJESH RAMAKRISHNAN

E-Mail: *************@*******.*** / *************@*******.***

Contact Nos.: 098******** / 022-********

A dynamic, achievement driven Senior Management professional ; enterprising leader with a solid record of

contributions leading to lowered risk, heightened productivity and enhanced internal controls. At ease with

budgetary challenges, deadlines and high pressure situations. Strong ability to influence thinking, forge

strategic alliances and build consensus.

Abridgement

A result-oriented professional offering more than 10 years of experience

Last associated with PWC, Mumbai as Principal Consultant

A keen analyst with active role in business operations providing strategic and commercial advise in evaluating new opportunities and analyzing current activities providing tactical business solutions

Pioneer in the design & delivery of innovative financial assignments, transformations, conversions, automations; leader in facilitating change through redesign of internal operating and business processes, systems implementation (CFO solutions)

Proficient in developing & streamlining working procedures, formulating cost effective solutions for enhancing operations of the company

Proficient in providing technical research analysis and practical solutions in applying various pronouncements in relation to IFRS, USGAAP, UKGAAP

Expert in finance functions including maintenance & monitoring of monthly closure & finalisation of accounts, group consolidations, working capital management, Multi-GAAP analysis, profit monitoring and building internal financial controls

Expertise in analysing existing systems and procedures, preparing business development plans, designing internal control systems, facilitating effective decision-making, developing effective MIS Reports

A proactive leader with proficiency in financial planning, designing and implementing systems for exercising greater control and management

In-depth knowledge of auditing procedures ensuring compliance to statutory rule and regulations

Possess exceptional negotiation and relationship management skills and abilities in liaising with Financial Institutions/Banks as well as other external agencies

Effectively Handled High scale, End to End Projects for Group Consolidation, Business Planning, Strategy under SAP BPC, Hyperion (HFM, Hyperion Planning, HPCM)

Project Exposure (BI, EPM) - Details :

Technofunctional Lead for high scale project implementation on Hyperion suite for Essar Group - Automation of Group Consolidation process, IFRS, systems integration, interaction with business groups, stakeholders - HFM, FDQM, HFR, HPCM, IFRS

Funtional Lead for implementation of SAP BPC (EPM version - 10) for a South east client - Vietnam (Onsite)

Functioned as a solution architect, for effective implementation and configuration of Hyperion Planning for a Middle east client based in Dubai. Main responsibilities included client interaction, project management, solution build, systems integration (with JD), product testing, presentations and discussions.

Effectively contributed for migrating SAP BPC (7.5 to 10 version), including building effective reports under EPM 10 scenario, advising on IFRS automations, etc

Continuos interactions with the team on presales, resolving complex issues on various support projects under the EPM front

Headed the complete Finance close functions in terms of closure of ERP and upload the balances to Hyperion (Planning), generate reports to be sent to the parent, collate information, distribute value-added reports.

Key Result Areas:

Strategic and Operational Financial Management

Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control

Formulating the business plans / strategies for maximizing the profitability & revenue generation & realise organizational goals

Performing financial analysis and formulating financial plans & strategies for achieving macro level objectives of business

Establishing corporate goals, short term/long term budgets and designing business plans/strategies, based on industry specific drivers for maximizing profitability and realising corporate goals

Devising operational matrices with other business & operational groups for effective management and control

Financial Reporting, Analysis

Performing analytical financial review of operations of the company

Handling the high level consolidation and financial reporting process, budgeting, forecasting and management reporting. Supervising the team in relation to monthly closures, audits and other related special projects, suggesting improvements for smooth functioning of the processes

Ensuring that the financial information is presented clearly, consistently, accurately, on time and as per set norms, policies, laws (IGAAP, USGAAP, IFRS, Companies, Act, etc)

Assessing and understanding key business issues behind the numbers and providing clear, concise and timely analysis & recommendations for the same

Implementing Management systems like Balance Score Card, BI Tools for advanced multidimensional analysis

Accounts and Audits

Ensuring on time local and group reporting to the parent company

Commencing and realizing Management Information Systems for timely reporting of financial & management statements on a periodic basis with accuracy

Supervising implementation and maintenance of accounting records in ERP (SAP, Oracle, JDE, Scala)

Enhancing productivity through automation

Maintaining and improving service levels for internal & external customers

Interacting with Annual Statutory, Internal & Tax Auditors

Evaluating the adequacy of internal control systems and procedures in order to evaluate the shortcomings and implementing necessary recommendations

EPM solutions - implementation and support ( SAP BPC, Hyperion)

Effectively leading and monitoring the complete process of High level automation (finance transformations) of the financial reporting (process), including the legal and management consolidations, business planning, budgeting and forecasting process

Interacting with CFOs and the finance leads and understanding the current pain-points of functioning, suggesting and implementing more standardised, secured and improved solutions, as per the recent updated tools available in the market

Conduct product trainings and effective presentations to the end users and senior management

Monitoring the systems integrations between source ERP systems and the EPM Reporting systems

Business Control & Risk Management

Developing Budgeting Process; formulating annual budgets and carrying out Variance Analysis to determine difference between projected & actual results and thereafter implementing corrective actions for the same.

Formulating & supervising the preparation of MIS reports on financial performance, viz. monthly profitability, turnover and quarterly result as per requirement of the Business

Inventing systems of Costing, Cost Management and Margin Monitoring.

Creating appropriate Business Transaction Plans/Contracts for Products, services and total solutions.

Ensuring control over Profit & Loss Account/Income Statement.

Designing & implementing:

oSarbaleys Oxley (SOX) compliance - 302, 404

oOperation manual and SOPs

oBalance Score Card

Defining and monitoring KRAs and KPIs

Ensuring appropriate month closures and liasing with the auditors (internal, external), for effective completion of the same

Responsible for identifying & defining risks in processes, sub-processes & activities, development & review of process flowcharts & risk control matrix, conduct SOX based testing phase-wise, identifying design deficiencies and suggesting remediation plans to the management and identifying internal controls over financial reporting (Section 404), liaising closely with the Sr. Management, Audit Committee for overall SOX-compliance, conducting user training.

IFRS Implementation & Automation

Controlling and monitoring exclusively, the complete IFRS implementation and automation (IFRS Engine) exercise

Effectively identifying the core differences between IGAAP and IFRS, re-define the accounting policies as per IFRS, lead and guide the team in relation to revision of the systems, practically implementing the differences, provision-wise, drafting the revised notes, drawing the reconciliations, etc

Effectively conversing and exchanging views with the Sr. Management personnel, business users, technical personnel, in relation to application of exemptions, system controls, conversion and practical application of specific IFRS modules in the industry scenario

Preparing and finalising the manuals, case studies, documents, test scenarios for the implementation exercise

M&A activities

Carrying out Due Diligence Studies for Merger and Acquisitions

Establishing competitive advantage in potential M&A partners/business/products and services specifically w.r.t. Economies of Scale and Economies of Scope.

Analyzing Risk involved in M & A

Incorporating and aligning business processes post M&A

Participating actively in M&A auction processes including analysis and review of offering materials, valuation modelling, coordination of due diligence, contract negotiation and integration preparation

Accountable for integration of financial statements post M&A

Organizing due diligence exercise to provide information & insight on the operations of a buy-out, take-over, risks of a transaction, value at which a transaction should be undertaken and warranties/ indemnities that should be obtained from the vendor

Transfer Pricing, Statutory, Regulatory and Tax Compliances

Ensuring the computations, filing and payment of tax (direct & indirect) as per the applicable norms

Handling litigations for both Direct and Indirect Taxation

Drafting and preparing the transfer pricing documentation, updating existing documentation for prior years and preparing new transfer pricing studies as required, preparing submissions and representing before the tax authorities for transfer pricing assessments

Ensuring compliance of STPI norms, Direct Tax (Income Tax and TDS/Withholding Tax), Transfer pricing regulations and PE issues, Indian Companies Act

Managing all direct tax matters including preparing and filing corporate income tax returns, with-holding tax returns, with the help of consultants, managing effective tax compliance, assessments, ensure smooth conduct of tax audit including transfer pricing audit, ensuring compliance of STPI norms, Companies Act, etc

Identifying revenue in books as per the revenue recognition policy and accounting standard

Experience Chronology

Mar’15 Till Date Functioning as a Freelance Consultant

Mar'14 to Jan'15 On a break - due to personal (family) reasons

Jul' 13 to Feb’14 PWC, Mumbai as Principal Consultant

Main Responsibilities : Implementing Financial Consolidation and Business Planning projects under SAP BPC (domain), preparing and presenting pre-sales proposals, ensuring client satisfaction and smooth flow of operations, IFRS implementation, reporting, project management, systems integration, systems audit and controls, monitoring and engaging in product training at client location. Present CTC : 18 lakhs p.a.

Previous Experience

Dec’11 to May'13 CSC India Pvt Ltd., Andheri, Mumbai as Associate Manager

Nov’09 to Aug’11 Essar Group, BKC, Mumbai, as Senior Consultant

Nov’08 to Oct’09 Johnson Controls, Inc., Mumbai Andheri as Deputy Manager,

Financial Planning & Analysis

Apr’08 to Oct’08 Forbes & Company Ltd., Mumbai, Andheri as Deputy

Manager (Corporate Accounts)

Oct’06 to Apr’08 ICICI Bank, BKC Mumbai as Assistant Manager (SOX

Compliance, Financial Reporting, credit)

May’06 to Oct’06 Universal Music Group, Bandra, Mumbai as Manager

Finance

Nov’05 to May’06 Siemens Ltd., Worli, Mumbai as Commercial Manager

Jun’05 to Oct’05 Gold-Shield Group, Andheri, Mumbai as Senior-

Executive (Finance)

Sep’04 to May’05 Cadila Pharmaceuticals Ltd., Andheri, Mumbai as

Commercial Executive

Educational brief

Pursuing MBA (International-UBI) from the Wellingkar Institute of Management, Mumbai

ACA from Institute of Chartered Accountants of India, Mumbai in 2004

ICWAI (Intermediate) from the Institute of Cost and Works Accountants of India, Mumbai in 1996

B. Com. from SIWS N.R. Swamy College of Commerce & Economics, Location with 62.83% in 1994

IT Skills: Proficient in Windows, MS-Office, MS-Outlook, Foxpro, Tally, Internet Applications, SAP (BPC, FICO, BW), SAGE, JD Edwards (ERP), Hyperion and Finacle

Personal Dossier

Date of Birth: 21st July 1974

Address: 103, Jamuna – B Wing, River Park, Near, Dattani Park, Kandivali( E ), Mumbai – 400101

Languages Known: English, Hindi, Marathi, Malayalam, Tamil, Gujarathi, Sanskrit

Notable Accomplishments

Recognized by the client (Vietnam-based) for successful completion of the SAP BPC project (Finance Consolidation - end to end), and received award along with a certificate & momento for the same; highly appreciated by the higher management for introducing and building business consolidation and planning models

Appreciated and recognized on several occasions for recommending suggestions in terms of improvements in processes, documentations, systems, etc, from the team, senior management and business users

Effectively functioned as a team lead for implementation of IFRS and HFM, FDQM (system integration and group consolidations)

Dexterously initiated and executed several value added reports which eased and improved the functioning of the organisation. Also managed the complete taxation and transfer pricing matters individually

Acted as Functional lead for comprehensive on-site assignments based in South East (Vietnam, Singapore) & Middle-East - Dubai (Hyperion Planning project)

Recognised as a person with high intelligence and analytical capacity during various training sessions

Served as Project Leader for implementing SOX and rated as the best SOX complied region in the whole Asia – Pacific Region by the SOX Auditors

Deftly initiated adequate process studies and documentations, including appropriate SOX Testing Compliance, RCMs, and influenced the team in successful implementation of the same

Efficiently implemented IFRS and was recommended for an award for technical brilliance

Bagged many applauds and appreciations from the Vice- President for developing and presenting, analytical MIS reports relating to the performance of the divisions

Updations, Recent Activities

Keeping abreast of the recent proposed changes in the Indian economy - GST, Ind-AS, Companies, Act, etc

Updated on the current developments in the global scenario in terms of IFRS, USGAAP, SOX, systems

automation (version developments)

Industry specific analysis and applications on the recent IFRS & Ind AS developments

Articleship Training

Sharp & Tannan Chartered Accountants, Mumbai

Highlight:

Worked with reputed Companies like Larsen & Toubro Ltd., Crompton Greaves Ltd., German Remedies, etc.

Handles various assignments in relation to statutory audits, tax audits, special assignments, internal audits, etc

Previous Assignments

Worked with Rakesh Upadhyaya & Co., Mumbai and Hitesh Shah & Associates, Mumbai (CA Firms)

Worked with ICI India Ltd on special assignments

Extracurricular Engagements/ Academic Accolades

Actively took part in various events such as Music, Elocution Competition, Drama, Geeta Recitation, etc. and received several certificates & awards for the same

Recognized as the Best Artist & Best Student during school days

Certification

KPMG Certification–International Financial Reporting Standards (Advanced)

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