It Finance Financial Planning
Resume:
Tejas Gurudu
Manager - IT Finance Controller
Masters in CIS&IT (USA) and MBA Finance (India) with
rich 10+ years in managing & controlling financial
aspects of IT Organization with exposure to business values in Manufacturing & BFSI sectors. Proven track record in long-range financial planning & analysis, budgeting & forecasting, cost management within
leading financial and technology firms. Currently on OPT EAD & seeking to leverage my expertise in IT
finance to contribute to the financial efficiency and
strategic growth of organization.
ad5d3d@r.postjobfree.com
St Louis, United States
linkedin.com/in/tejas-g- 469971267
WORK EXPERIENCE
Manager - IT Finance Controller
Kotak Mahindra Bank Ltd
03/2018 - 12/2021, Mumbai, India
Developed and managed a $94 million IT budget, achieving a 5% reduction in expenses through strategic cost analysis. 3 years FP&A, Budgeting & Forecasting, Cost Variance Analysis, Cost Allocations, GL Accounting Management, Head Count Reporting, Monthly Provisions/Accruals, Month End & Quarterly Closures, P&L Impact Analysis, Identifying Cost Drivers, Cost Savings Initiatives, Regulatory & Compliance Reporting, Resolving Internal & External Audit queries, Vendor Resources Mgmt, Process Improvements & Automation.
Liase with IT & Finance teams and maintain financial health of IT. Manager - IT EUC Finance Analyst
HDFC Bank Ltd
04/2017 - 03/2018, Mumbai, India
Spearheaded budget planning and forecasting for IT projects related to End User Computing (EUC).
Lead IT PO & Invoice Operations, Budgeting & Forecasting, Cost Variance Analysis, Monthly Provisions/Accruals, Cost Optimization, IT Fixed Assets Accounting, Reconciliation, Financial MIS reports, Month End Closures, Resolving Concurrent & Statutory Audit queries, IT Finance Functional Supervisor.
Manager - IT Finance
Angel Broking Pvt Ltd
11/2015 - 04/2017, Mumbai, India
Directed the IT budgeting and Expense tracking for all IT projects, establishing a comprehensive financial management framework and leading a team of finance professionals.
Lead Procurement & Payments operations, Budgeting & Forecasting, Cost Variance Analysis, Monthly Provisions/Accruals, Cost Optimization, IT Fixed Assets Accounting, Reconciliation, Financial MIS reports, Month End Closures, Team Supervisor. IT Finance Officer - Asia Region
Monsanto India Ltd (Bayer)
07/2012 - 11/2015, Mumbai, India
Preparing the business cases for all IT projects for each dollar spent and submitting to Senior IT Management, PMO & IT Lead. 5 years (Long Range Planning) FP&A for Capex, Opex & Head Count. Yearly Budgeting & Monthly Forecasting, IT Fixed Assets Accounting, Projects Charge backs, Inter Company Accounting, SAP End User, Costs Optimization, IT Financial Operations, Data Analysis & Reconciliation, Resolving Audit queries. KEY SKILLS
Financial Planning & Analysis Budgeting & Forecasting Cost Accounting Cost Allocations Variance Analysis Financial Reporting Expense Tracking Charge back
Financial Modeling Financial Analysis Cost Optimization Accruals Procure-2-Pay TCO Analysis
Cost Management Procurement Analysis
IT Asset Management Vendor Management
Reconciliations Proficiency in Excel, SAP & Oracle Financials EDUCATION
MS in Computer Information Systems &
Information Technology
University of Central Missouri
01/2022 - 07/2023, Lee's Summit, Missouri, USA. GPA-3.4 Cloud Computing - MS Azure, AWS Cloud, Project Management MBA in Finance
Padmashree Dr. D.Y Patil University School of
Management
06/2010 - 05/2012, Mumbai, India. GPA-4.0
Financial Management, Cost Accounting, Project Management BS in Information Technology
Mumbai University
06/2006 - 05/2009, Mumbai, India. GPA-3.8
Software Engineering, Databases, Networking, Project Management ACHIEVEMENTS
Best Performer Employee Award in year 2018
Appreciation Award from Finance Controller Asia Region in year 2014
Key Responsibilities
Key Responsibilities
Key Responsibilities
Key Responsibilities
Courses
Courses
Courses
ORGANIZATIONAL HIGHLIGHTS
Kotak Mahindra Bank Ltd, Mumbai, India Mar 2018–Dec 2021 Manager-IT Finance Controller
Roles & Responsibilities:
Budgeting & Forecasting - Preparing and analyzing all IT projects budgeting & forecasting (Capex & Opex) by collecting details from respective stakeholders. Creation of projects by generating PAC (Project Approval Committee) IDs with approved budget in PPM tool with all details.
Tracking of expenses and recording them against the approved IT projects budget and updating each of the project’s status on weekly, monthly basis or on need basis by working independently.
Cost Variance Analysis – Identifying the over-run of costs against the each budget item and providing the reasons/justifications to central finance team on monthly, quarterly & yearly basis.
Cost Control - Controllership of IT Infra projects, Applications projects, DC & DR related projects costs and IT Division costs. Identifying and finding costs variance analysis reasons and submitting to Central Finance team.
FP&A - Financial Planning & Analysis in preparing IT projects budgets for 3 years for STP (short term planning) forecast and tracking of expenses against them.
Cost Accounting management for all IT projects expenses with respect to IT General Ledger (GL’s), line of business, location, and cost center i.e., double book keeping accounting for all IT project costs.
Cost Allocations - IT project cost allocations to businesses based on no. of users (head count), racks & server utilization, applications usage.
Cost Optimization of IT applications projects costs, IT Infra projects costs, IT Division costs respectively by working with respective IT heads & business stakeholders.
MIS Reports & Data Analysis - IT projects reports & financial MIS reports preparation and submissions to different business stakeholders, IT heads, CIO and presenting in weekly IT projects review meeting with CIO
& JMD.
IT Projects Financial Analysis, Reconciliation of PO & Payments data analysis, Monthly provisioning
(accruals) of IT projects expenses (opex) and assets (capex) along with CWIP, Advances & PO commitments tracking and submitting these reports to Central Finance team.
Liaising with Central Finance team for all IT organization related costs and for financial audit.
Coordination with different business functions to ensure corrective measures on IT Financial MIS.
Resolving Internal, External & RBI Audit queries related to IT Infra & Application projects.
Structuring of processes and automation of manual activities, simplification of processes or process improvements related to IT Procurement, Payments, Provisions, Budgeting and Adhoc processes. Achievements:
Best performer employee in the team for streamlining IT processes simplification & automation related to IT projects in the first year of joining.
HDFC Bank Ltd, Mumbai, India Apr 2017–Mar 2018 Manager-IT EUC Finance Analyst
Roles & Responsibilities:
Budgeting & Forecasting - Preparing and managing the budgeting & forecasting for IT projects related to EUC (End User Computing) for all the branches & back offices across India.
Tracking and Analyzing of Funding Proposal Notes (FPN’s) for all IT projects.
Worked independently on tracking of expenses and recording them against the approved IT projects budget and updating each of the project’s status on monthly basis or on need basis.
IT Projects Reconciliation, Provisioning of expenses (Accruals), Payments by working with respective IT Project Managers and IT heads.
P2P - Handling the PO & Payments operations team for all capex & opex IT budget items related to hardware & services, AMC working & Penalty/Credit note calculations related to IT Infra & Application projects.
Resolving Audit Queries - Performed independently the concurrent audit of IT projects costs on daily basis.
Costs optimization of all IT Infra hardware and IT services expenses related to any IT projects by consulting with specific IT project managers and negotiating with different vendors.
IT Financial operations support for PO & Payments related to IT projects.
Providing IT projects Financial MIS reports to Sr. Management on monthly and on need basis.
Liaising with Central Finance team for all IT organization related costs and for financial audit. Angel Broking Pvt Ltd, Mumbai, India Nov 2015–Apr 2017 Manager-IT Finance Roles & Responsibilities:
Budgeting & Forecasting - Preparing and managing budgeting and forecasting for all IT projects by collecting the required details from the respective IT functional managers.
Cost Variance - Analyzing of IT budget spent/expense report related to all IT projects, identifying the cost variance reasons, and submitting to executive management on monthly basis.
Cost Control - Worked independently for controlling cost, procurement, contracts, commercial negotiations, vendor payments related to all IT projects.
P2P - To plan and manage entire P2P cycle for all IT projects by leading a team, to administer and control cost for contracts, equipments and supplies, process improvements.
Costs optimization of all IT Infra hardware and IT services expenses by consulting with specific IT project managers and negotiating with different vendors.
IT Fixed assets management – Allocation, transfer, and retirement of all IT assets. Implementation of IT Physical assets verification of all IT assets across Pan India.
Performing reconciliation of PO & Payments related to all IT projects costs.
Handling Audit queries and providing the required information independently related to IT project costs.
To create effective IT projects MIS and financial MIS reports for executive management.
IT projects functional supervisor for Capex and Opex for IT organization by leading a team of 4 members, people management, financial operations management.
Liaising with Central Finance team and Central MIS team for all IT organization related costs and for financial audit.
Monsanto India Ltd (Bayer), Mumbai, India Jul 2012–Nov 2015 IT Finance Officer- Asia Region
Roles & Responsibilities:
Preparing the business cases for all IT projects for each dollar spent and submitting to Senior IT Management, PMO & IT Lead.
Conduct effective meetings, presentations, supervise progress and risks with all IT heads and businesses.
Cost Accounting - Worked in IT Projects financial management, cost center & GL accounting management, budgeting & forecasting of capex & opex in SAP using Essbase Hyperion tool, IT projects charge back and Inter Company accounting.
IT SG&A - Preparing, analyzing and comparison of actuals and forecast data on monthly basis for entire Asia region for all IT projects and submitting the reports to central finance team.
IT FP&A – Preparing the budget estimates for 5 years for the LRP (Long Range Planning) forecast and tracking the actuals against the budget for current year and uploading in to ITFS.
Maintaining of IT projects related to capex spend and capitalizing them by submitting details to central finance team for accounting in SAP on fortnightly basis.
Performing the IT projects efforts charge backs to the business cost centers for the Asia region and inter company charge backs on monthly basis.
P2P - Ensure of GR-IR activity for all IT goods & services related to all IT projects in SAP for India region, Accruals of IT projects capex & opex items for Asia region.
Preparing the IT projects MIS reports, budget MIS reports, head count report and submitting to IT leadership team to aid for decision making.
Management of IT fixed asset accounting and maintaining details of IT fixed assets register in SAP for Asia Region. Performed physical assets verification process for all IT fixed assets for India region.
Managing and Working for all IT assets (creation, transfer, retirement) related to IT projects for India region with SAP SSC FA team and Central Finance team.
Costs optimization of all IT Infra hardware and IT services expenses by consulting with specific IT project managers and negotiating with different vendors.
Process Improvement Ideas/Efficiencies in IT financial operations support.
Support for month end books closure and resolving various internal & statutory audit queries for all IT projects costs in SAP.
Working in SAP tool for IT projects costs reconciliation, and for various analysis purpose.
Liaising with Central Finance team and Central MIS team for all IT organization related costs and for financial audit.
Domestic business travel for Team meetings and Networking with different functional teams. Achievements:
Received appreciation from Finance Controller Asia region for streamlining the entire IT projects fixed assets accounting process by working with Central Finance team for Asia Region. ACADEMIC CREDENTIALS
Masters in Computer Information Systems & Information Technology (CIS & IT) [Full Time] with 3.5 GPA, pursued from Spring 2022 from University of Central Missouri, Lee’s Summit, Missouri, USA (Year 2022–23).
MBA in Finance [Full Time] with 70% (Grade “A”) from Padmashree Dr. D.Y Patil University School of Management, Navi Mumbai, Maharashtra, India (Year 2010–12).
Bachelors of Science in Information Technology [BSC IT] from D.G. Ruparel College with 73%
(Distinction) from Mumbai University, Maharashtra, India (passed year 2008-09).
Higher Secondary School Certificate [HSC] with 92% (Distinction) from Intermediate board of Hyderabad, Telangana, India (passed year 2005-06).
Secondary School Certificate [SSC] with 80% (Distinction) from Intermediate board of Hyderabad, Telangana, India (passed year 2003-04).
Contact this candidate