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Accounting Manager

Location:
Chennai, Tamil Nadu, India
Salary:
3600000
Posted:
March 10, 2020

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Resume:

Krishnapriya Sudarshan

adb8lm@r.postjobfree.com

Upasthitee, Flat No.8, II Floor, New No.96, Chamiers Road, Chennai - 600018 Ph : +91-44-243*-****; Mobile : +91-984**-*****

LinkedIn profile : linkedin.com/in/krishnapriya-sudarshan A seasoned financial professional and Chartered Accountant with over 15 years of progressive experience in global accounting and advisory services, including 10 years with large public accounting and consulting firms. A highly accomplished finance business partner with a proven track record of obtaining results in complex multinational environments. I would like to play a key role in an organization that offers challenging opportunities to make effective contribution, leveraging on my diverse experience and skill sets.

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Areas of professional expertise:

Technical accounting (US GAAP) for complex transactions including and not limited to Revenue Recognition, Leases, Consolidation, Business Combinations and Common Control Transactions and Purchase Accounting

Mergers & Acquisitions (buy-side and sell-side advisory) covering financial due diligence, business valuation, review of share purchase agreement, post deal support, acquisition integration, monitor acquisition business case and governing earn-outs to Sellers

Contract negotiation support to the business teams to achieve the desired outcomes and optimum financial statement presentation for capital markets

Internal controls, process improvements and system enhancements to support the growing and dynamic business needs

Assurance and External Audit under Indian Accounting Standards, IFRS and US GAAP Professional Experience

Associate Director – Finance, Cognizant Technology Solutions Inc (September 2016 – Present) Profile

- Responsible for M&A integrations from finance, operations, business and system perspective

- Act as finance business partner to achieve M&A deal synergies, drive operational excellence and ensure overall compliance

- Oversee a team that handles day-to-day operations from revenue management perspective for Manufacturing and Retail vertical projects, with annual revenues in excess of US$2 billion Accomplishments

- Worked with cross functional teams globally to ensure smooth integration of some of the recent acquisitions (in excess of US$500 million annual revenue) and help exceed the business case numbers approved by the Executive Committee

- Finalised accounting positions for complex business transactions involving embedded leases, variable considerations, contracts with financing component etc

- Assisted in negotiating earn-out discussions with Sellers, leading to favorable outcomes for the Company

- Led several organisation wide initiatives in conceptualizing design changes, validated business requirement documents, oversaw system enhancements and achieved seamless integration of few digital and high technology businesses into traditional technology company across Europe, Asia Pacific and US markets

- Worked with the core team involved in implementation of the revenue recognition standard, effective January 1, 2018, analysing the impact of ASC 606 – Revenue from Contracts with Customers on Cognizant acquired company projects, providing guidance to FP&A and business teams on the related changes

Senior Manager – Transaction Advisory and Technical Accounting Services for Emerging Markets in SunEdison Inc (August 2014 – September 2016)

Profile

- Part of the Corporate Technical Accounting, Transaction Advisory and External Reporting function, advising the global business development teams on structuring transactions from an accounting perspective (US GAAP), researching accounting literature, interpreting contracts and providing feasible solutions that would help achieve some of the Corporation’s key performance indicators.

- Support project finance, sales and legal in developing new financing structures and renewable energy projects

- Assist in the acquisitions / business growth across Asia Pacific region

- Prepare technical accounting memos covering complex topics under US GAAP including and not limited to Variable Interest Entities (VIEs), Revenue Recognition under Real Estate Guidance, Business Combinations, Leases, Embedded Derivative Analysis for transactions involving SunEdison Inc and TerraForm Global Inc

- Setting guidance, accounting policies and procedures covering GAAP and Non GAAP measures

- Assist in SEC reporting disclosures on need basis for Form 10-K and Form 10-Q

- Responsible for SOX compliances for key controls identified for Technical Accounting & Transaction Advisory function

- Countries covered: India, China, Japan, Thailand, Malaysia, Philippines, Australia, South Africa, Latin America and some significant projects in the US.

Accomplishments

- Led several discussions with cross functional teams and business partners to provide feasible solutions which were implemented to structure acquisitions, project financing and achieving Corporation’s KPIs

- A key contributor in this role in expanding to new geographies – Australia, China, Japan, Philippines and Thailand and increasing presence in India, Latin America and US

- Actively involved in YieldCo (TerraForm Global Inc) formation and IPO process (listed in NASDAQ) and heading the technical accounting and transaction advisory function for the YieldCo covering 1GW portfolio of operating assets in Asia, South Africa and Latin America

- Actively participated in meetings where various project proposals were evaluated by the Investment Committee at the Regional Level

- Part of the core team implementing the New Consolidation Guidance – Variable Interest Entities effective for reporting periods on or after December 15, 2015, for various structures, globally.

Associate Director – Transaction Advisory Services division of Grant Thornton India LLP, member firm of Grant Thornton International, one of largest accounting and consulting firms, globally (from February 2008 to March 2014)

Profile

- Project execution which involves carrying out Financial Due Diligence Reviews for various Private Equities, Venture capitalists and Strategic investors and Vendor Due Diligences.

- Business Valuation for Private Equity investments; Preparation and Review of Business Plans for debt restructuring and M&A advisory engagements.

- Preparation of Teasers and Information Memorandum, discussions and deal related negotiations with potential investors as part of sell side advisory (M&A transactions)

- Sourcing businesses from existing and new clients and growing the practice at National level. Accomplishments

- Led engagements of medium to large size, under complex situations and rapidly changing environments. Have worked across sectors ranging from ITES, Healthcare, NBFC, Micro Finance Institutions, Technology, Media, Real Estate, Renewable Energy, Mining, Automobile and Education sectors in domestic and cross border transactions. Have worked on several diligence engagements for leading corporates including Wipro Ltd, Cognizant Technologies, WNS Global Services, Hitachi, Prizm Payments, Murugappa Group, Core Education and Technologies, Rio Tinto, Sakthi Group etc. Major PE clients worked with include CLSA Capital, CX Partners, International Finance Corporation, IDFC Investment Advisors, Everstone Capital etc.

- Identified and managed risks and deal issues by arriving at feasible solutions and ensuring these solutions are implemented appropriately, especially in vendor diligence engagements.

- Adept in reporting skills and cross border communications. Have led several discussions with interoffice teams and clients abroad

- Actively involved in Business Development, prepare to win proposals, sourcing business, articulating the value proposition of service offerings within Corporate Finance and other service verticals, with good project management and inter-personal skills

- Supervised the work of team members and managed deliverables and project economics, especially on large engagements, involving teams from other locations and across service lines.

- Have participated in National Level Leadership Workshops conducted by our firm for senior members across service lines as part of developing and devising growth strategies and improving profitability.

- Part of core member team conducting workshops for clients on critical aspects relating to due diligences and drawing case studies based on collective experience of the Group.

Assistant Manager - Price Waterhouse, member firm of PricewaterhouseCoopers (July 2000 – February 2004; April 2005 - February 2008)

During this tenure, underwent internship in the Assurance and Business Advisory Services between July 2000 to August 2003.

Profile

- Audit (Statutory audits, Tax audits, Limited Reviews, Overseas Reporting - US GAAP, IFRS, SOX compliance and Certification work) of multinational Companies, listed Companies and private Companies.

Accomplishments

- Involved in finalization of audits of various MNCs and leading manufacturing companies in Engineering

& Automobile, Aluminium, ITES, Apparel & Textile Machinery, Speciality Chemicals, Flavours & Fragrances sector etc. Major clients handled include Caterpillar Group, Sanmar Group, Sutherland Global Services, Perot Systems, Kone Elevators, International Flavours and Fragrances etc.

- Gained exposure to statutory requirement of Companies and presentation of financial statements under Indian GAAP, US GAAP and IFRS

- Coordinated and executed various activities of engagement to ensure that assignments are completed in time and related budgets

- Leading, coaching and reviewing the work of team members and imparting training on audit methodologies.

- Preparing audit observations and participating in the final discussions with the management

- Carried out Social Compliance Review of various manufacturing facilities located in India for Nike Inc., Walt Disney Inc., Jones Apparel Group., Wal-Mart Stores Inc., and others

Management Consultant - SAM Consultancy Services Private Limited, Chennai (August 2004 – March 2005)

- Active member in a team which was engaged in implementing an Integrated Operating and Accounting System for Sundaram Motors Limited (TVS Group)

- Involved in developing costing system for Brakes India Limited (in accordance with the Cost Accounting Record Rules)

- Devising rehabilitation plan for Biomed Industries and Eltex Supercastings Limited (sick industry turnaround)

- Cost audit under Cost Accounting Record Rules for India Cements and Tamilnadu Cements Educational Qualification

General Management Program Indian Institute of Management, Kozhikode July 2014 Certificate Program in International

Financial Reporting Standards (IFRS)

Association of Chartered Certified Accountants, UK

(ACCA)

June 2010

Chartered Accountancy (CA) The Institute of Chartered Accountants of India November 2004 Bachelor’s Degree in Commerce

(B.Com)

The Ethiraj College for Women, affiliated to The

University of Madras

May 2000



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