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Executive Finance

Location:
Seattle, WA, 98121
Posted:
January 13, 2020

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Resume:

OWAIS DURRANI

**** *** *** #**** • Seattle, WA • USA 98121

Phone 248-***-**** • E-mail adbame@r.postjobfree.com

CORPORATE FINANCE EXECUTIVE

Seasoned global business and finance leader experienced in assisting organizations create shareholder value from driving transformation, integrating new capabilities and strategy development to execution all the while maintaining a strong foundation in compliance, governance and financial accountability. Driving change by translating business vision into reality and is acknowledged as proactive, results oriented and a creative problem solver with a passion for continuous improvement. Has broad global experience across industries, functions and geographies.

Specialties

Strategic and financial planning

Business process re-engineering

P&L management

Investment planning and prioritization

Strategic alliances, partnerships and Acquisitions

Organizational development/cross functional teams

Financial management and analytics

PROFESSIONAL EXPERIENCE

Amazon.com Inc (IT/E-Commerce)

Director - Finance, NA Outbound Transportation: September 2017 – Present

Seattle, Washington, USA

Responsibilities:

Drive Cost per Package optimization across North America Outbound Transportation, Strategic and Operational planning, Automation of end-to-end analytics, Execute network projects relating to Speed, distance and Package profile, Develop and Implement Trans quarterly cost savings tracker by initiatives and partners.

Achievements:

Executed Four Network Automation Projects – Cyclops, Cognos load, Fulcpu portal

and Hydra (Internal carrier Rate cards), driving 20% productivity improvement.

Converted 60% Finance and Operation KPI’s from lagging to leading indicators

Started transportation optimization management function for ATS and FC network

Implemented Package profile and Speed initiative converting 2D to 1D delivery

Implemented R.A.P.I.D model to transform Finance function focusing on driving and

influencing business decisions (Analytical model using Simulation, RPA and AI)

Implemented rigorous weekly and monthly operations review with both Finance,

business partners and operations, $265m cost savings in 2019.

Worked with Operations team to negotiate the new UPS, Fedex and USPS contracts

Added 15 Boeing Cargo planes and 1200 Cabs to Amazon Air and Line Haul fleet

Autoliv Inc (Automotive)

Vice President - Finance/CFO, Active Safety Division: July 2014 – September 2017

Southfield, Michigan, USA

Responsibilities:

Strategic and Financial planning (Annual and 5-year), Product line and OEM P&L management, Acquisitions, JV and Integration, Risk Management, Manufacturing and RDE Finance, Governance and Compliance, CAPEX and OPEX management, Financial and Engineering Systems, Business and Financial KPI's, Technology and Software Pricing and licensing, Contract negotiations (Customers and Suppliers), Vendor and Partner Rebates, Corporate taxation and Treasury.

Achievements:

Acquired and integrated two platform companies in US and Japan and JV with Volvo

Expanded Manufacturing facility in China and RDE centers in Romania and India

Improved Non-quality Manufacturing cost by 40% YoY

Implemented Product line and OEM PL’s

Implemented global RDE project tracking system to measure Profitability by project

Streamlined and standardized key Financial processes globally to drive efficiency

Increased YoY profitability 40% and Working capital 50%

Negotiated New Business Contract pricing with Daimler, BMW, Audi and GM

Hewlett-Packard Inc (Hardware Technology and Solution)

Senior Director – Finance, Financial Solutions Division: July 2013- July 2014

Pale Alto, CA, USA

Responsibilities:

Design and Implement accounting, Opex and Contra Revenue end-to-end processes to support BU’s.

Achievements:

Implemented “NEW” accounting tools and processes to expedite and enhance quality of monthly accounting reconciliations.

Transformed quarterly Contra Revenue accrual process to deliver 98% accuracy

Re-engineered Opex BU support processes for Budget management

Designed rigorous training and certifications for FS regional teams responsible for Monthly close and Balance sheet reconciliations

Implemented world-wide foot print strategy based to type of work and local support

Worked with the CFO office on the Balance sheet segmentation project by Business segment leading to HP Split between HPI and HPE

Hewlett-Packard (Canada) Co. (Hardware Technology and Solution)

Vice President - Finance/CFO: May 2011- July 2013

Mississauga, Ontario, Canada

Responsibilities:

Financial planning, Business Units P&L management, Acquisitions and Integration, Risk Management, Governance and Compliance, CAPEX and OPEX management, Financial Systems, Business and Financial KPI's, Pension Committee, Product, Service and Solution Pricing, Vendor and Partner Rebates, Corporate taxation and Treasury.

Achievements:

Managed BU P&L’s to yearly plan and supported BU’s strategic initiatives

Implemented CSA to strengthen Sox, compliance and governance

Worked with BU’s on Product and solution pricing to win new business

Reduced 40% YoY accounts in “Red” category, especially in the ES space

Implemented rigorous process to manage Customer and Product line profitability

Implemented Business and Financial KPI’s to drive growth, profitability and liquidity

Integrated three acquisitions in Canada, Software and services

Research in Motion Limited (Smartphone Manufacturing and Distribution)

Vice President- Global Strategy and Planning: August 2009- April 2011

Waterloo, Ontario, Canada

Responsibilities:

Quarterly and Yearly Global Strategic and Financial planning and analysis, Quarterly Board, Investor relations, Audit Committee and Guidance package, Acquisitions and Integration, Risk Management, CAPEX and OPEX management, Financial Systems, Business and Financial KPI,s, Partnering with Regional, Handheld and software services Product management groups to drive strategy and financial results.

Achievements:

Acquired and Integrated four platform software and Services companies, including QNX

Implemented 3-year rolling Strategic and Financial planning Process

Worked with CFO and COO to transition from Carrier centric to Regional and Country Business model - Full Regional P&L

Implemented Company- wide Simplified Accountability Model

Implemented Annual Zero-based Opex Budgeting Process

Dell India Inc. (Hardware Technology and Solution)

Director – Finance, India (Commercial & Consumer): Jun 2008 - August 2009

Bangalore, India

Responsibilities:

Strategic and Financial planning, Financial systems, Taxation, BCRP, Pricing, Bids and Proposal, Quality, Risk Management, Accounting and Controllership, Business controls and Sales Support, Manufacturing Finance.

Achievements:

Launched Channel and Retail programs for Commercial and Consumer segments

Opened Service support Hubs in 4 major cities

Launched 3rd party Credit Insurance for Channel partners and Aggregators

Implemented VMI program for Manufacturing

Implemented aggressive cost saving Initiatives ($2.5 million Qtr savings)

Launched Financing Partnership with Rentworks – PAD/SMB customers

Dell Canada Inc. (Hardware Technology and Solution)

Director – Finance, Canada (Commercial & Consumer): Jan 2007 – Jun 2008

North York, Ontario, Canada

Responsibilities:

Strategic and Financial planning, Financial systems, Taxation, BCRP, Pricing, Bids and Proposal, Quality, Risk Management, Accounting and Controllership, Business controls and Sales Support

Achievements:

Re-engineered 3-year planning, forecast, outlook process with more focus on Customers and activity based costing

Delivered FY-08 Canadian Board plan – Opinc (Commercial and Consumer)

Revamped the BPI process – Linking Financial benefits to P&L

Implemented Financial systems – Oracle 11i, Ariba, GAAP calculator and GEARS

Re-structured Finance to drive accountability with focus on value-added activities

Re-structured Controllership function – implemented CSA

Launched Partner direct and Retail programs

Implemented new automated Comp tool (40 hour monthly saving)

Implemented Discount of List pricing and customer profitability for REL segment

Implemented rigorous RFP process ($1.5 million in Opex savings)

Dell Canada Inc. (Hardware Technology and Solution)

Director – Finance, America’s International: Jun 2006 – Dec. 2006

North York, Ontario, Canada

Responsibilities:

New IBU’s, Controllership, Financial systems, Business controls and Taxation

Achievements:

Implemented Comprehensive new IBU Launch checklist

Worked with Corporate tax to finalize FY07 AI Transfer pricing

Started the process to Launch Oracle 11i financial systems in the region, 10 countries

Dell Canada Inc. (Hardware Technology and Solution)

Director - Software & Peripherals: Feb 2005 – Jun 2006

North York, Ontario, Canada

Responsibilities:

Product management and planning, sales force management - relationship and consumer, marketing and demand generation, vendor and alliance partnerships, sales support operations, pricing, segment profitability, APOS and Online.

Achievements:

58% revenue ($400M) and 57% margin ($45M) growth year over year, 21% Dell revenue with $385 revenue per unit

125% plus growth in Consumer products – TV, Flat Panel and Imaging

BPI projects delivered $1.3 million in savings

Re-structured sales force to focus on product mix, LOB acquisition and conversion

Re-engineered key processes to drive productivity and CE

Increased 60% YoY growth for the Printer Ink and Supplies

Implemented programs to drive 30% growth in APOS revenue

Achieved break even profitability for Printer business, Inkjet, Color and Laser

Introduced Discount of list pricing methodology

Danka Canada Inc. (Office Equipment)

Chief Operating Officer: Apr 2004 – Jan 2005, Canada

Vice President Finance and Operations, CFO: Mar 2002 – Mar 2004, Canada

Basis100 Inc. (Real-estate Technology Solutions)

President – US Operation: Mar 2000 – Mar 2002, USA

SLM Soft.com (Banking software and Solution)

Vice President Finance: Sept 1999 – Mar 2000, Canada

GE Capital (Information Technology Solutions; Computer Systems Reseller and Service Provider)

Vice President Finance, Global Product Management: Feb 1999 – Sept 1999, USA

Vice President Finance and CFO: Apr 1997 – Feb 1999, Canada

Pitney Bowes International (Mailing Products)

Director, International Finance and Planning (PBI): Jan 1996 – Apr 1997, USA

Vice President, Finance and Operations (PBSS): Jan 1994 – Jan 1996, USA

Director, Operations (PBCC): Jul 1990 – Jan 1994, USA

Controller (PB Leasing): Jul 1987 – Jul 1990, Canada

Belarus Equipment of Canada Ltd. (Agricultural Equipment)

Chief Accountant: Jul 1985 – Jul 1987, Canada

EDUCATION BACKGROUND

Masters of Business Administration, City University, USA, 1990 (Presidents Honor, 3.9 GPA)

Certified Management Accountant, Society of Management Accountants of Canada, 1987

Accounting Diploma, Humber College, Canada, 1985

OTHER INFORMATION

Memberships:

American Management Association

Society of Management Accountants

American Society of Quality Control

Think Customer – Quality/Service Leadership Forum 2000

Advanced Courses:

Computer Science - University of Toronto (1983 – 1985)

Managing Services – Re-engineering for Quality – Wharton Executive Education (1993)

Global Financing – University of Chicago Executive Education (1994)

Product Development Strategies – University of Chicago Executive Education (1994)

Creating World Class Capabilities – Wharton Executive Education (1995)

Business Transformation Through Leadership – Stanford Executive Education (2005)

Acquisitions and Mergers – Columbia Executive Education (2009)

Global Leadership - LSE Executive Education (2010)

GE Global Finance Leadership Program (1999)

GE Six Sigma Black Belt Training and Certification (1999)

Selling – Value Based Solutions – UCLA Executive education (2001)

Forbes CFO conference – New York (2004)

Global finance and leadership – INSEAD (2006)

Business Transformation – Berkley (2007)

Awards:

GE Capital – Pinnacle Award (1997, 1998) PBCC – One Standard Excellence Award (1992, 1993 1995)

Citizenship: Canada and USA



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