Ashok Kumar Arasu

AMS Regional Controller - Sep 2023 - Current

• Manage Group audits and tax filings for multiple jurisdictions while ensuring full compliance with applicable laws and regulations.
• Improved financial reporting accuracy by streamlining data collection processes and implementing rigorous monthly review procedures.
• Enhanced interdepartmental communication by establishing regular financial update meetings and providing comprehensive reports.
• Mentored junior finance staff members through career development initiatives and ongoing performance feedback sessions.
• Driving ongoing Divestiture and acquisition projects from Controllership stand point.
• Manage monthly contingent liability assessment for AMS region

Country Controllership - July 2017 - Sep 2023

• Finalization of financials with Big 4 firms under SFRS/AASB for statutory audits of Singapore and Australia and IFRS for group audit for multiple legal entities in US.
• Project managed group revenue audits for all components including conclusion of revenue adjustments with corporate teams
• Core team member on divestiture project, designed balance sheet segmentation, worked closely with corporate teams on elimination and TSA accounting
• Preparation of completion accounts on three acquisitions in aligning revenue and related balance sheet with company policies prior to acquisition
• Tax filing support for 10+ legal entities in the US, Australia & Singapore
• Work closely with external consultants and cross functional teams including tax teams and ensure timely tax filings
• Strong understanding around transfer pricing, business operating model and tax implications thereof
• Transition and stabilization of US & Singapore controllership functions to centralized locations
• Developed SOX process on Month end close sign offs and month end close variance review process by developing dashboards for month end close
• Involved in GL data migration from SAP to NetSuite
• Managed capital leases workings for Singapore

• Controller for multiple entities covering a range of operations encompassing trading, manufacturing, corporate and holding entities in EMEA region
• Transition of US GAAP Responsibilities from EMEA into India
• Setup engagement model by way of pre & post close and monthly dashboard reviews
• Responsible for month end close process closing working with cross functions
• Reconciliations review on monthly basis and monitor actionable and perform quarterly variance analysis
• Guided various functions on complex accruals to align with company policies including inventory related, credit memo & warranty provision, allowance for doubtful debts.
• Guided business on transfer pricing issues
• Established revenue cut off procedures basis various Inco terms and performed trainings to larger teams under US GAAP
• Worked on standardization on various business processes.

• Perform Month end close process in liaison with Business finance under IGAAP & USGAAP and support on the monthly variance analysis
• Preparation of audit schedules and audit interface with statutory auditors and finalization of India financials
• Support group with USGAAP responsibilities
• Support in tax filing and preparation of tax audit schedules
• Preparation of monthly balance sheet schedules for management review
• Key Projects: Ex-Employee recoveries, Vendor TDS recovery project, Accruals clean up.

• Statutory audit and financial finalization of listed clients
• Performed Internal & Process control audits on listed & Unlisted entities
• Performed due diligence for an acquisition
• Tax audit and filing for several clients.