AARTHI MUKUNDARAMAN
CHENNAI
Summary
Chartered Accountant with over 12 years of experience in Finance, Accounting and Audit. Extensive exposure in Legal Entity Controllership functions with a proven track record of executing high priority initiatives. In-depth knowledge of end-to-end Accounting life cycle with proven expertise in setting up the FC function across Hold Cos. Strong communications skills and the ability to communicate across multiple audiences, including executive level presentations. Excellent organizational skills and problem-solving abilities. Expertise in process optimization, Customer Relationship Management.
Overview
20
20
years of professional experience
Work History
06.2016 - 09.2019
- Handled multiple migrations of roles and responsibilities from the UK, setting up effective controllership functions for Treasury business
- Responsible for the month end accounting, closure of books, Analytical review, Balance Sheet controls, Management reporting and external reporting for the Treasury entities
- Responsible for implementation of new IFRS requirements as well as new regulatory requirements impacting Treasury business
- As part of the Balance Sheet control function, responsible for ensuring that all the Balance Sheet accounts of the entity responsible for are reconciled and variances from the norms are reported in line with the AO&R policy
- As part of the GL control functions, responsible for managing the Intercompany mismatches, effectively ensuring that there are no residual risks through the entities that we manage
- Work closely across the Finance functions and the desks where relevant, to ensure that any outstanding issues from the Analytical review are effectively addressed
- As part of Finance transformation, represent Financial Control on requirement gathering, system UAT testing and implementation of BAU processes upon go live, for the Treasury business across BUK, ServCo, ERRP, GL Transformation and FLC
- Finance accountable executive for the Treasury subsidiaries, responsible for the statutory financials, liaising with external auditors and running of the Board meeting to present the signed financials
- Lead cross-functional team meetings to confirm requirements, resolve issues both in BAU as well as in project mode
- Represent the FC function in Letters of Representation, FCM and all other Controls and Governance reviews, including DEA assessments, SOX testing etc
- Responsible for a team of 15 professionals including their mentoring, development and management
- Involved in the development and implementation of L&D and Control initiatives for the site level FC function.
Vice President
Barclays Global Service Centre
03.2015 - 05.2016
- Migrated the Corporate Bank Financial Control functions from UK and established and stabilized the function in Chennai
- This was one of the initial transitions that happened for the Chennai Finance
- Involved in multiple accounting and reporting functions/roles across Corporate Bank Financial Control including month end accounting, Analytical review Balance Sheet controls, Intercompany, Management reporting and Group reporting
- SPOC for the NPA process for Corporate Bank from a Financial Control perspective
- Responsible for consolidating and streamlining the SOLD related finance functions in specific and thereafter successfully transitioned this across to a different geographic location
- Represented Corporate Bank FC function in all Controls and Governance related reviews including DEA assessments, SOX testing etc
- Lead the Colleague engagement and L&D initiatives for the wider Director area and was part of the core team who initiated the Finance level study circle in Chennai site, the effort of which was recognized with a Global values award.
Assistant Vice President
Barclays Global Service Centre
06.2011 - 02.2015
- Migrated the Corporate Bank Financial Control functions from UK and established and stabilized the function in Chennai
- This was one of the initial transitions that happened for the Chennai Finance
- Involved in multiple accounting and reporting functions/roles across Corporate Bank Financial Control including month end accounting, Analytical review Balance Sheet controls, Intercompany, Management reporting and Group reporting
- SPOC for the NPA process for Corporate Bank from a Financial Control perspective
- Responsible for consolidating and streamlining the SOLD related finance functions in specific and thereafter successfully transitioned this across to a different geographic location
- Represented Corporate Bank FC function in all Controls and Governance related reviews including DEA assessments, SOX testing etc
- Lead the Colleague engagement and L&D initiatives for the wider Director area and was part of the core team who initiated the Finance level study circle in Chennai site, the effort of which was recognized with a Global values award.
Manager –Finance Operations
HSBC Global Finance Centre
02.2007 - 05.2011
- Lead a team of 15 members, as part of the Financial Control functions managing Invoice Finance, Equipment Finance, Supplier Invoice Finance and Debt Recovery Services
- Responsible for the entire accounting lifecycle for the entities managed, including external as well as management reporting
- Responsible for tracking the metrics and ensuring that all SLAs were adhered to or exceeded, creating FMEAs to understand and handle extraneous situations
- Responsible for ensuring that proper SOPs are in place and the team works towards continual cross trainings, in order to make it more process oriented rather than people dependent
- Responsible for driving process improvement initiatives and reducing TAT on complex manual activities
- Responsible for implementation of new product, SIFS (Supplier Invoice Finance), including requirement gathering, review of Design Documents, testing of core finance functionalities, and establishment of BAU processes upon go-live
- Part of the site level core team responsible for the Finance Transformation Program of moving to a common Ledger, specific to the Financial Control function.
Consultant
M/s Sharp & Tannan Chartered Accountants
01.2006 - 07.2006
- Responsible for the Internal, Limited Review, Statutory and Tax audit of L&T and Crompton Greaves Group.
Finance Executive
Lifestyle International Private Limited
07.2000 - 10.2001
- Responsible for Accounting, MIS, Payroll and Bills Payable & Tax functions reporting to the Managing Director
- Worked on the project of establishing additional retail outlets across multiple geographic locations
- Responsible for putting in place the accounting processes for the new locations and integrating functions with HO
- SPOC for external audit and reporting.
Consultant
Narayanan & Krishnan Chartered Accountants
05.1999 - 06.2000
- Specialized in the internal audit of construction, newspaper, manufacturing & textile companies
- Verification of Internal control system with specific emphasis on revenue leakage
- Critically evaluate existing accounting system and provide recommendations & suggestions for improvements
- Ensure that the plans, programs & policies of the Management are properly implemented.
Vice President Financial Control
Barclays Global Service Centre
10.2019
- Responsible for the Regulatory Reporting consolidation team handling a team of 17 professionals working on consolidation for PRA/EBA & CBI, across RWA, Large Exposures and Leverage
- I have moved in to this role recently in the month of October 2019
Education
Qualified Accountant -
Institute of Chartered Accountants of India
01.1998
Bachelor of Commerce -
Madurai Kamaraj University
01.1995
Skills
- Chartered Accountant
- Finance
- Accounting
- Audit
- Legal Entity Controllership
- Setting up FC function
- Communications skills
- Problem-solving abilities
- Process optimization
- Customer Relationship Management
Personal Information
- Date of Birth: 07/04/1975
- Nationality: Indian
Timeline
Vice President Financial Control
Barclays Global Service Centre
10.2019
06.2016 - 09.2019
Vice President
Barclays Global Service Centre
03.2015 - 05.2016
Assistant Vice President
Barclays Global Service Centre
06.2011 - 02.2015
Manager –Finance Operations
HSBC Global Finance Centre
02.2007 - 05.2011
Consultant
M/s Sharp & Tannan Chartered Accountants
01.2006 - 07.2006
Finance Executive
Lifestyle International Private Limited
07.2000 - 10.2001
Consultant
Narayanan & Krishnan Chartered Accountants
05.1999 - 06.2000
Qualified Accountant -
Institute of Chartered Accountants of India
Bachelor of Commerce -
Madurai Kamaraj University