Aravind Sivaraman
Bengaluru
Summary
With over 26 years of extensive experience as a global finance operations leader, specializing in managing complex international business finance operations and leading strategic business transformations, the focus has been on successfully implementing initiatives that drive operational efficiency, enhance financial performance, and support organizational growth on a global scale.
Overview
30
30
years of professional experience
1
1
Certification
Work History
Business Consulting Advisor
Ernst & Young
01.2023 - Current
- Specializing in setting up Global Business Services (GBS) and Shared Service Centers for clients
- Supporting solution development and managing transitions for stability
- Ensuring service delivery excellence and providing functional support for SAP implementations
- Driving transformation initiatives and process improvements for enhanced operational efficiency
Senior Director Finance Shared Service Center
Teva Pharmaceuticals
01.2017 - 12.2021
- Led development and execution of a comprehensive Shared Service Center strategy aligned with company's overarching corporate strategy
- Provided strategic leadership to drive efficiency, cost savings, and process improvements within Shared Services organization
- Managed Finance Shared Service functions, ensuring smooth and efficient operations
- Developed and managed budget, implementing cost-saving initiatives for maintaining cost-effectiveness
- Evaluated and optimized processes to enhance efficiency, quality, and customer satisfaction
- Incorporated best practices and process automation
- Set and monitored key performance indicators (KPIs) for high-quality service delivery and adherence to SLAs
- Attracted, retained, and developed high-performing team, fostering a culture of continuous learning
- Led change initiatives for smooth transitions and adoption of new technologies
- Managed vendor relationships, ensuring compliance with standards and mitigating operational risks
- Provided regular performance reports to senior management and stakeholders
- Stayed updated on emerging technologies to improve operations
Collaborated with regional finance heads for consistency across regions
Built strong internal relationships to deliver value-added services - Lead the global solution for Travel & Expenses reimbursement by
implementing the concur project. This created a world class process and
80% FTE saving for the process.
Service Delivery Head
Capgemini Business Service
10.2015 - 12.2016
- Oversees service delivery for PTP, RTR, and OTC processes
- Drives efficiency through Robotic Process Automation (RPA) and leads process standardization with Global Process Owners (GPO)
- Identifies and implements technology solutions, shares best practices, and manages customer leadership and relationships
- Drives productivity and cost-saving initiatives
- Manages team performance and development
- Handles Profit & Loss (P&L) for engagements
- Conducts process risk assessment and mitigation, ensuring compliance with SOX and internal controls
- Promotes a culture of continuous process improvement
- Sponsors Six Sigma and Lean projects
- Works to improve customer satisfaction to meet center expectations
- Contributed 160K Euros as additional revenue for Q1&Q2 for FY 2016 by
adding scope. - Implemented BP Open tool as invoice management solution.
Assistant General Manager
Siemens Technologies and Services
08.2009 - 03.2015
- Spearheaded process transitions and streamlined financial shared services processes
- Focused on strategic initiatives to boost operational efficiency through transformation, automation, and continuous improvement efforts
- Led Finance Bundling activities for PTP, RTR, and OTC, meeting aggressive deadlines set by Siemens HQ
- Ensured high-quality standards and adherence to SLAs in close coordination with diverse teams
- Built robust stakeholder relationships, delivering continuous value and resolving escalations promptly
- Implemented Nexus for Journal workflow and Travel and Expenses management systems
- Temporarily headed HRSS payroll process to ensure smooth operations
Emphasized innovation and efficiency, driving initiatives that enhanced process effectiveness and stakeholder satisfaction - Increased paid-on time from 48% to 82% through PTP project, balance sheet reconciliation positively impacted P&L
- Transitioned customers from cheque to electronic receipts, resulting in significant interest savings and improved working capital management. Additionally, conducted a one-time cleanup of customer and vendor account reconciliations up to FY 2013, clearing aged items and benefiting financials, particularly working capital. Led a Six Sigma project to reduce Unapplied Cash receipts and transition cheque receipts to electronic, improving efficiency and reducing interest costs.
Manager - RTR
Accenture
09.2003 - 08.2009
- Oversees RTR function for a premium customer, managing Fixed Asset accounting, Intercompany accounting, Inventory, General Ledger functions, and balance sheet reconciliations
- Ensures service delivery, manages escalations, drives process improvements and automations, and maintains customer relationships
- Leads a team of 70 across multiple regions (APAC, UK, US), focusing on efficient operations and client satisfaction
Sr. Accounts Executive
Wipro Technologies
03.2001 - 09.2003
- Manages foreign payable accounting, fixed asset accounting including project capitalization, interunit and intercompany reconciliations, and General Ledger scrutiny for the Technology division
- Prepares P&L variance analysis reports, audit schedules, and liaises with statutory and internal audits to ensure compliance and accurate financial reporting
Accounts Executive
General Electric
10.1997 - 03.2001
- Oversees Accounts Payable, General Ledger, Cash Application, Sales Reporting, Sales Tax reconciliation, Bank Reconciliation, Vendor and Customer Reconciliations, and Payroll accounting
- Manages both Factory and Corporate Accounts, handles Insurance matters for both locations
- Supports all audit requirements, ensuring compliance and accurate financial management across all areas
Accounts Officer
Hutchinson
09.1994 - 10.1997
- Handles Accounts Payable, Employee Payable, Receivable accounting, Bank reconciliations, Vendor and Customer reconciliation
- Provides support during audits, ensuring accuracy and compliance in financial operations
Education
Bachelor of Commerce - Finance
Calicut University
Kozhikode, India06.1993
Post Graduate Diploma - Financial Management
All India Institute of Managment Studies
Chennai, India03.2000
CMA - Accounting And Business Management
Becker Institute
Bengaluru, Karnataka09.2024
Diploma - Computer And Information Sciences
Aptech Learning
Bengaluru, India06.1994
Skills
- Global Finance Shared Service Operations
- Global Business Services
- Global Service Delivery & Process Improvement
- Leadership
- Project Management
- Customer Service & Stakeholder Management
- Commercial Support
- Collaboration & Problem-Solving
Accomplishments
- Global Financial Transformation: Led a global financial transformation program, resulting in a 60% reduction in costs and highly improved customer satisfaction
- Process Standardization: Standardize Finance process for multiple countries by creating a global process model aligning with the Global policies
- Improved Process Efficiency: Implemented process improvements that resulted in a 30% reduction in processing time and a 25% cost savings in S2P
- Process Automation: Automated manual processes, resulting in a 50% reduction in processing time and a 20% cost savings
- Global Process Ownership : Established a global process ownership framework, resulting in a 25% increase in process efficiency and a 20% increase in employee engagement.
- Compliance: Ensured 100% compliance with financial regulations and standards, resulting in zero audit findings.
Certification
- Wipro Leadership Program Certification
Visa Status
USA Visa - Valid till 9th April 2029
References
REFERENCES:
Will be provided on request
Timeline
Business Consulting Advisor
Ernst & Young
01.2023 - Current
Senior Director Finance Shared Service Center
Teva Pharmaceuticals
01.2017 - 12.2021
Service Delivery Head
Capgemini Business Service
10.2015 - 12.2016
Assistant General Manager
Siemens Technologies and Services
08.2009 - 03.2015
Manager - RTR
Accenture
09.2003 - 08.2009
Sr. Accounts Executive
Wipro Technologies
03.2001 - 09.2003
Accounts Executive
General Electric
10.1997 - 03.2001
Accounts Officer
Hutchinson
09.1994 - 10.1997
Bachelor of Commerce - Finance
Calicut University
Post Graduate Diploma - Financial Management
All India Institute of Managment Studies
CMA - Accounting And Business Management
Becker Institute
Diploma - Computer And Information Sciences
Aptech Learning
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