Ashish Jain
Gurgaon
Summary
Dynamic finance leader with extensive experience at NatWest Group, excelling in financial management and team leadership. Proven track record in implementing process improvements and ensuring SOX compliance. Adept at strategic planning, fostering cross-functional collaboration, and driving innovation to enhance financial reporting and control. Committed to continuous learning and development.
Overview
23
23
years of professional experience
Work History
VP Financial Reporting & Controlling
NatWest Group
05.2012 - Current
- Spearheaded transition and setup of Transfer Pricing processes team at NatWest Group.
- Managed Financial Reporting & Closing as VP, overseeing Impairment Accounting (IFRS9) team.
- Ensured comprehensive control over divisional and legal entity balance sheets and profit and loss statements along with Interconmpany transactions betweeen different Legal entities.
- Supported strategic design of finance/MI systems to enhance deliverables and reduce risks.
- Implemented analytical procedures over balance sheet and profit and loss account to rectify errors.
- Cultivated collaborative relationships with colleagues in GFS UK and India, promoting best practices.
- Led and developed a team of 9 professionals, emphasizing mentorship and collective success.
- Managed audit support, addressing SOX/Internal/Statutory Audit inquiries to ensure compliance.
Manager Financial Reporting & Controlling
Alcatel Lucent India Ltd.
08.2008 - 05.2012
- Tasked with the presentation of Annual Budgets for Regional Unit India to both Management and HQ in Paris, serving as a key communicator between regional and global leadership.
- In charge of the consistent preparation and review of Actual & Forecasted Financials on a monthly basis, ensuring timely and accurate reporting.
- Dedicated to meeting expense targets, conducting thorough budgeting, and performing variance analysis to identify differences between projected and actual results each month. This includes implementing corrective measures when necessary to align with financial goals.
- Accountable for crafting both separate and consolidated financial statements for all Legal entities in India under ALU, encompassing the consolidation of joint ventures.
- Played a pivotal role in the merger of Alcatel Lucent India by consolidating Headcounts, Financials, and Budget for all ALU entities, demonstrating strategic thinking and execution.
- Enhanced the process of MIS & budgeting, implementing improvements that made it more analytical and result-driven, reflecting a focus on continuous optimization.
- Regularly monitored all schedules and conducted trend analysis and financial reviews on both monthly and quarterly bases, ensured comprehensive oversight and understanding of financial health and performance.
Management Accountant
Accor Advantage Plus Plc.
06.2007 - 07.2008
- Orchestrated the transition of GL Analysis & AP from Australia & Bangkok to India, successfully standardizing the process to create a unified approach.
- Managed and guided a diverse team of six individuals (five in India and one at the Head Office in Sydney), providing online training for the AP/GL transition and fostering their professional development.
- Tasked with the intricate duty of Monthly Consolidation of Accounts for various offshore subsidiaries (including New Zealand, Jakarta, Bangkok, Hong Kong, Malaysia, India, & Singapore) and the Head Office, ensuring seamless integration and alignment.
- As the inaugural employee in India, played an instrumental role in all company registration documentations, gaining valuable first-hand experience in legal and regulatory compliance.
- Reported directly to the CFO of the Group, showcasing a key leadership position and acting as a vital link between executive management and operational teams.
- Charged with the critical responsibility of resourcing and managing it for the India office, overseeing human and material resources to maintain optimal productivity and alignment with organizational goals.
Team Leader
IHG IT Services India Ltd.
12.2004 - 05.2007
- Collaborated closely with the Centrally Managed Hotels (CMH) in the AMER Region from its inception, overseeing a substantial portfolio of 37 hotels and leading a dedicated team of 6 members.
- Responsible for crafting detailed reports for the review of Business Support & Group Owners, coordinating effectively with the Regional Finance Controller at the America Business Centre.
- Engaged in comprehensive financial reviews, including the scrutiny of General Ledger (GL), Profit & Loss (P&L) statements, trend analysis, and implementing required adjustment entries in P&L and balance sheets to maintain financial accuracy.
- Prepared a variety of Management Information System (MIS) reports for owners and Business Support in the USA.
Audit Supervisor
Mohinder Puri & Co. CA
10.2002 - 11.2004
Education
Post Graduate Diploma in Finance Management (PGDM) -
Prin. L.N. Welingkar Institute of Management
Mumbai, India12.2016
Advanced Diploma in Business Administration (ADBA) -
Prin. L.N. Welingkar Institute of Management
Mumbai, India12.2015
Semi Qualified CA -
ICAI
India12.2003
B. Com Hons. -
Delhi University
Skills
- Financial management and budgeting
- Ledger closure and reporting
- Statutory and internal audits
- Process improvement strategies
- Transfer pricing analysis
- Team leadership and coordination
- Cross-functional collaboration
- Strategic planning and execution
- Risk management and SOX compliance
- ERP systems oversight
- Change management initiatives
- Innovation and adaptability
- Continuous learning and development
Accomplishments
- Led successful transition of Transfer Pricing processes from Poland; received formal appreciation for timely execution and delivery (2024)
- Nominated for Gold Award for bank-wide strategic enhancement of Disclosure Reporting (2021)
Received Silver Award from Risk & Control team, along with multiple Bronze recognitions for performance excellence (2021)
Appreciated by Project Head for contribution to Robotics Project – Keystroke design for Strategic Delivery Platform (SDP)
Selected for Work Shadow opportunity in Risk Policy Control; awarded Letter of Value (LOV) for contributions and insights
Led Journal Elimination Project (JEP), eliminating 18% of manual journals across franchises to streamline processes
Successfully completed LEAN 1A Certification from Cardiff University, London – applied continuous improvement methodologies in finance operations
Chairing RACOB Pack for LCDR Division – oversight of risk controls across 5 franchises, showcasing governance leadership - Completed Skill Coaching Mastery (SCM) Journey – strengthening leadership, mentoring, and coaching capabilities (2019)
- Streamlined MIS & Budgeting processes at Alcatel Lucent India, enhancing analytical rigor and operational effectiveness
Played integral role in merger planning – consolidated headcounts, financials, and budget during Alcatel Lucent India merger
Led transition of GL Analysis & Accounts Payable from Australia and Bangkok to India at Accor Advantage Plus, standardizing processes and managing transition team
Absolutely, Ashish. Here’s a refined version that brings your leadership front and center:
Directed cross-regional transition of Commercial Entity P&L and Income allocations from London to India at NatWest Group, steering a high-performing transition team and driving process standardization across geographies.
Timeline
VP Financial Reporting & Controlling
NatWest Group
05.2012 - Current
Manager Financial Reporting & Controlling
Alcatel Lucent India Ltd.
08.2008 - 05.2012
Management Accountant
Accor Advantage Plus Plc.
06.2007 - 07.2008
Team Leader
IHG IT Services India Ltd.
12.2004 - 05.2007
Audit Supervisor
Mohinder Puri & Co. CA
10.2002 - 11.2004
Post Graduate Diploma in Finance Management (PGDM) -
Prin. L.N. Welingkar Institute of Management
Advanced Diploma in Business Administration (ADBA) -
Prin. L.N. Welingkar Institute of Management
Semi Qualified CA -
ICAI
B. Com Hons. -
Delhi University
Similar Profiles
Raabiah KhalilRaabiah Khalil
Assistant Relationship Manager, Commercial Trainee at NatWest GroupAssistant Relationship Manager, Commercial Trainee at NatWest Group
Boomiga ABoomiga A
Customer Support and Operations Analyst at NatWest GroupCustomer Support and Operations Analyst at NatWest Group
Neha JainNeha Jain
Senior Software Engineer at Natwest GroupSenior Software Engineer at Natwest Group
Gurudath N KGurudath N K
CS&O Unit leader / AVP Quality Control CDD at NatWest GroupCS&O Unit leader / AVP Quality Control CDD at NatWest Group
Praveen VishwakarmaPraveen Vishwakarma
Assistant Manager - Collections at Gati Kintetsu Express Pvt LtdAssistant Manager - Collections at Gati Kintetsu Express Pvt Ltd