Ashutosh Sharma
Noida
Summary
Versatile result driven finance professional with nearly 17 years of experience in IT industry. Expertise in forecasting, commercial evaluation, financial modeling, pricing reviews, and variance analysis.
Margin governance including cost take out initiatives.
Established & maintained an efficient MIS System;reviewed and enhanced financial procedures and internal controls related to revenue assurance, A/R and cost budget. Involved in client interactions for deal closures and contracting.
Achieved 3% growth in revenue and 2% reduction in resource cost in last FY.
Achieved DPO improvement at regional level.
Overview
17
17
years of professional experience
Work History
Deputy General Manager-Business Finance
Newgen Software Technology Ltd
Noida
10.2021 - Current
- Engage in P&L reviews; undertake financial statement variance analysis (actual vs. forecast, period-over-period actual); provides explanations/insights on the same.
- Partnered with IT and operational leadership to create monthly and quarterly project margin reports.
- Identify revenue leakage and enhanced revenue growth by 3%.
- Transformed financial forecasting methodologies, enhancing predictability of revenues and expenses for more efficient planning purposes.
- Drive cost take out initiative with 2% cost reduction achieved in last FY.
- Maximized profitability with effective pricing strategies designed based on market research and competitive analysis.
- Cash Flow improvement by a combination of measures including usage of trade finance, favorable credit terms.
- Enhanced financial reporting accuracy by streamlining data collection and analysis processes.
- Contract commercial management and regular follow ups with internal stakeholders and client.
- Ensure revenue assurance by timely performance of regular reconciliation and analysis of revenue segments.
- Engaged in the periodical review of automation and system Report accuracy to identify the issues and enhance the quality.
- Assisted in setting up MIS system and reported the monthly financial information to senior leadership.
- Pricing and commercial review with business & geography heads as per the directives given by COO/CFO.
- Designed and maintained financial models to identify and measure risks.
- Provided expert guidance to executive leadership on financial matters, supporting informed decision-making and long-term planning.
- Collaborated with C-level executives and stakeholders to develop long-term financial plans.
- Collaborated with cross-functional teams to develop strategic plans, aligning financial goals with overall business objectives.
- Complied with established internal controls and policies.
Senior Manager FP&A
Genpact India
Noida
01.2021 - 09.2021
- Engaged in Variance analysis, reviewing product-wise narratives.
- Rolling estimates review basis YTG approach.
- Performed Capex expense monitoring on a quarterly basis.
- Conducted Volume analysis and reviewed weekly forecast dashboards.
- Summarized current financial status by collecting information; preparing the balance sheet, profit and loss statement, and other reports.
- Answered audit requirements pertaining to Accounts Receivable (AR).
- Assisted in month-end closing process by approving revenue accruals and collecting data to prepare monthly reports.
Business Finance Manager-New Growth Market Domain
Tata Consultancy Services
Gurgaon
04.2019 - 01.2021
- Achieved GM improvement by revenue tracking and finding revenue leakages, diligent direct cost expense management by driving resource allocation and imposing stringent approval mechanism.
- Performed AR Analysis/Collection monitoring on regular basis, reported zero bad debt cases.
- Showed DPO improvement by setting up of unified payment process/terms with vendors in respective regions.
- OPEX budgeting review of overseas branches Variance analysis, preparing commentary, and communicating areas of improvement from a finance perspective.
- Contract/New SOW review from finance perspective.
- Managed Free cash flow reporting on quarterly basis. Performed Financial closure on a monthly & quarterly basis including unit-level P&L finalization, Audit facilitation, and closure.
- SBU-AOP & Balance sheet review on regular basis.
- Pricing and financial parameter review of new opportunity.
- Performed detailed analysis of accounts, go through SLA/KPI clauses as per agreed contract terms prepared month end reports, and presented findings to top level management.
Ass.Business Finance Manager-Public Service Domain
Tata Consultancy Services
Gurgaon
04.2011 - 03.2019
- Assisted in Revenue assurance and P&L ownership for the entire unit.
- Managed any issue that potentially impacts revenues, from identification through to quantification through to resolution Analyzed annual operating plans prepared for SBU.
- Provided reliable and accurate information to internal/external auditors and management that facilitated the preparation of year-end financial statements.
- Engaged with Legal team for commercial clause closure.
- Prepared various management reports for an insight view of the current perspective of the business.
- Engaged in cost monitoring & control and responsible for PO approval.
- Prepared Working capital projection for new business Pricing review of new opportunity.
Branch Finance Executive
Tata Consultancy Services
Gurgaon
10.2007 - 03.2011
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Implemented financial systems that increased efficiency in reporting, budgeting, and analysis tasks.
- Prepared asset schedule, computation, and finalization of depreciation on assets for quarterly and annual accounts.
- Ensured matching of invoices, debit/credit notes, delivery notes, purchase orders, goods receipt notes, vouchers, and other related documents before approving any accounting entries.
- Collaborated with external auditors to ensure the timely and accurate completion of annual audits, minimizing potential risks and maintaining a strong reputation for financial integrity.
- Ensured compliance with all relevant regulations, maintaining accurate records of financial transactions and reporting requirements.
- Streamlined budget development for improved financial forecasting and decision making.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Prepared trend analysis Data on Month-on-Month Basis. Prepared necessary journal entries for month end closure. Provided information to management by assembling and summarizing data
Education
CA -
Institute of Chartered Accountants of India
New Delhi, IndiaB.Com -
Meerut College, CCS University
Skills
- Variance Analysis
- Financial Modelling
- Financial Analysis
- Financial Control
- MIS Reporting
- Cost Control
- Accounts Receivable
- Pricing Analysis
- Contract commercial Management
- Vendor Management
- Working Capital Management
- Cash Flow Management
- Budgeting
- Revenue Cycle Management
- People Management
- Microsoft Power BI
- Google Sheets
- Microsoft Excel Report Preparation
Accomplishments
- Collaborated with IT team in the development of margin dashboard in system.
- Achieved 3% growth in revenue and 2% reduction in resource cost in last FY.
Courses Certifications
- IFRS Certification
- US CMA(Pursuing)
Personal Information
- Date of Birth: 02/10/1981
- Gender: Male
Languages
English
Advanced (C1)
Punjabi
Upper intermediate (B2)
Timeline
Deputy General Manager-Business Finance
Newgen Software Technology Ltd
10.2021 - Current
Senior Manager FP&A
Genpact India
01.2021 - 09.2021
Business Finance Manager-New Growth Market Domain
Tata Consultancy Services
04.2019 - 01.2021
Ass.Business Finance Manager-Public Service Domain
Tata Consultancy Services
04.2011 - 03.2019
Branch Finance Executive
Tata Consultancy Services
10.2007 - 03.2011
CA -
Institute of Chartered Accountants of India
B.Com -
Meerut College, CCS University