Balakrishnan Kadathur Venkataraman
Bangalore
Summary
Dynamic Finance and Accounting leader with a strong history of increasing operational efficiency at Fossil Global Services India LLP. Achieved a 17% boost in engagement profit margins through strategic task management and attention to detail. Proficient in financial reporting and relationship building, consistently ensuring high-quality service delivery. Aiming to leverage expertise to drive financial growth in a challenging environment.
Overview
30
30
years of professional experience
Work History
Service Delivery Manager (F&A)
Fossil Global Services India LLP
Bangalore
11.2021 - Current
- Successfully managing a team of 60+service delivery professionals, ensuring high levels of performance, productivity, and customer satisfaction
- (Managed max
- Team of 110 FTE in F&A-Covering R2R, O2C, P2P & Payroll)
- Developed and implemented service delivery strategies and processes to improve efficiency and reduce costs within the Finance and Accounting (F&A) department
- Collaborated with cross-functional teams and stakeholders to identify and address service delivery issues, resulting in improved service quality and timely resolution of client concerns
- Monitored service levels and performance metrics, analyzing data to identify trends, areas for improvement, and potential risks or issues
- Led the implementation of new service delivery initiatives, including the adoption of automation and technology solutions, to streamline processes and enhance service delivery capabilities
- Responsible for the team members appraisals and career path
- Monthly Performance Review with Regional CFO and Global CFO
- Devising collection strategy to improve overall collection efficiency to meet the global cash requirements
- Development of business Metrics and dashboard to provide oversight to the management on overall status on the business performance
- Implementation of COE module to Streamline processes, Improve Business Agility, Increased Process Consistency, Enhance Cross Functional Collaboration, Better Risk Management, Standardization, Best Practice Sharing
- Core Competency: General Ledger Management, Accounts Payable (AP) & Accounts Receivable (AR) Management, Financial Reporting & Month-End Close, Bank Reconciliation, Internal Control and Audit Compliance, Invoice Process and vendor relations, Process Optimization and Efficiency improvements, Team Leadership and staff development, Tax Compliance & Reporting
- Key Achievements: Successfully managed financial operations during [merger/acquisition], ensuring seamless integration of AP, AR, and GL functions, Transformation from Country based structure to Process based Structure to improve efficiency, Standardization and alignment of resources across different processes, Creation of COE Module - Help to create expertise, sharing of best practices, Knowledge within specific areas or functions to optimize performance, drive innovation, and provide consistent guidance across the organization, Development of Visual dashboard for AR Reporting (DSO / AR Aging / Customer Payment Pattern/ Deduction Reporting/ Open Items etc.), Implementation of various automation using RPA & Macro's in the process reducing manual process and improve efficiency, Implementation of Global Collection Framework, Creation and Implementation of Global Credit Policy, Implementation of Reconciliation Framework & Write Off Policy
Senior Engagement Manager (F&A)
Capgemini Business Services India Ltd
Bangalore
08.2014 - 11.2021
- Led and managed a team of 100+ financial analysts to consistently achieve targets and provide exceptional service to clients
- Collaborated with cross-functional teams to identify process improvements and streamline financial operations, resulting in cost savings by reducing 10 FTE's
- Developed and implemented engagement strategies to drive revenue growth and strengthen client relationships, resulting in a 17% increase in overall engagement Profit margins
- Conducted Financial analysis and provided insights to clients on complex financial matters, including budgeting, forecasting & financial modeling
- Oversaw the successful completion of multiple large-scale financial projects, ensuring adherence to project timelines, budgets, and quality standards
- Develop and review control framework within accounting - relevant processes ensuring an effective control monitoring process is delivered
- Assist management in implementing Internal Quality Management (ISMS, BCP, and QMS)
- Support and Assist in Audits (Internal & External)
- Support and help Organization in developing internal talents by participating in employee career development initiatives
- Encourage and develop inter process training for the team members
- Successful Transition of R2R Process with Process Alignment, knowledge transfer, Training, Ramp, Go Live and Stabilization
- Successfully supported the due diligence process for new clients and completed the transition with minimum business impact
- Streamlined financial processes and procedures to improve efficiency and effectiveness of financial operations during transition periods
- Led a team of professionals to develop and implement company-wide change management strategies, ensuring smooth transition of F&A processes during new transitions
Financial Analyst - Specialist
HP Global eBusiness Pvt Ltd.
Bangalore
03.2009 - 09.2010
- Conducted thorough financial analysis, creating detailed reports and providing insightful recommendations to support key decision-making processes
- Managed budgeting and forecasting processes, ensuring accuracy and compliance with financial regulations and company policies
- Completed Process maturity Study and status report and recommendations to meet the gaps for P2P Process
- Led a team of professionals to develop and implement company-wide change management strategies, ensuring smooth transition of F&A processes during mergers and acquisitions
- Conducted variance analysis and identified trends, providing actionable insights to drive cost savings, improve efficiency, and enhance overall financial performance
- Driven OTP project and improved the payment efficiency from 40% to 70% by implementing measures
- Establish a positive relationship with the suppliers and ensure staff maintains similar interactions with the vendors
- Successfully revamped the direct debit process there by reducing the bank open items by 50%
- Successfully driven the Vendor Discount project there by improved the revenue from discounts by few millions per annum
- Implemented touchless solution to Invoice Processing process through Brain ware Tool
- Supported in new client deals by undertaking Due Diligence, Creating Process Maps (AS is & To Be), Headcount Validation, Sow Validation, & SLA Validations, Risk Register etc
- Foster an environment that allows for staff development and teamwork efforts
- Successfully co-ordinated and completed the Global audit on Risk and Compliance
Manager (F&A)
IBM India Pvt Ltd.
Bangalore
11.2005 - 02.2009
- Managed and supervised a team of 20 employees in the finance and accounting department, ensuring timely and accurate completion of financial processes and reporting
- Developed and implemented new operational strategies and procedures to increase efficiency and productivity, resulting in a reduction in costs and improved overall financial performance
- Oversaw the month-end and year-end closing processes, ensuring compliance with GAAP and internal control standards
- Collaborate with Cross Functional Teams to streamline overall Process, Improve Efficiency and Accuracy, optimize headcount Cost
- Conduct regular performance evaluations, identify areas for improvements, and provided training and development to team members to enhance their skills and capabilities
- Responsible for SOX testing and reporting, implementing of necessary controls to mitigate any observations
- Responsible for preparation of Balance sheet and P&L Analysis and comments for variance
- Preparations and review of SOP's and process Checklists
- Successfully co-ordinated and completed the Global audit on Risk and Compliance
- Successfully completed the benchmark study in line with the industry standards and implemented recommendations based on the outcome of the study
- Assist with recruitments and develop junior team members via coaching and counselling
- Successfully driven multiple transitions and stabilized the process as per the agreed timelines
Accounts Officer
Hindustan Lever Limited
Bangalore
04.1998 - 10.2005
- Managed Record to Report and accounts payable processes, ensuring timely and accurate recording, reconciliation, and reporting of financial transactions
- Closely collaborated with team members to analyse financial data, prepare financial statements, and provide recommendations for improving over process
- Conducted regular financial audits to identify potential discrepancies and implemented effective controls to mitigate risks
- Assisted in the preparation of budget forecasts and monitored expenses to ensure adherence to budgetary guidelines
- Developed and maintained relationships with vendors, clients, and other stakeholders to negotiate favourable payment terms and resolve billing and payment issues
- Working closely with the suppliers and planning for delivery of materials in accordance to the production plan
Accounts Assistant
Kanpha Labs (Pharma Co)
Bangalore
12.1996 - 03.1998
- Assisted in maintaining accurate and up-to-date financial records, including accounts payable and accounts receivable
- Processed and reconciled invoices, receipts, and purchase orders to ensure accurate billing and payment processing
- Issue of C-forms, Forms 37 and H Forms towards purchases
- Preparation of Balance Sheet Reconciliation
- Support during the year end closure of books
Education
PGDBA (Finance) -
Symbiosis Distance Education
Pune, India01.2014
B.com -
Bangalore University
01.1994
Skills
- Meticulous Attention to Detail
- Clear Communication Skills
- Fosters Positive Workplace Relationships
- Proficient in Managing Multiple Tasks
- Self-Motivated Work Ethic
- Utilize Analytical Thinking
Projectsimplemented
- Successful Transition of CO Allocations. (First Time Right)
- Implementation of COE for Inter Company Process.
- Successful Transition of R2R Process (30 FTE's) with first time Right.
- Implementation of Cadency Tool (Close, JE & B/s Reconciliation).
- Successful implementation of Global Process in R2R.
- Implementation on Brain Ware Tool (Invoice Processing).
- CEP (Cost Evaluation Projects) at Factory.
- Revamp of Entire R2R Process (Country Specific to BU Specific).
- Migration to Shared Service Accounting.
- Integration of Foods Business.
Personal Information
- Passport Number: M7988337
- Passport Expiry Date: 08/04/25
- Notice Period: 3 Months
- Date of Birth: 03/13/73
- Marital Status: Married
Languages
Tamil
First Language
English
Advanced (C1)
C1
Hindi
Intermediate (B1)
B1
Telugu
Intermediate (B1)
B1
Kannada
Proficient (C2)
C2
Timeline
Service Delivery Manager (F&A)
Fossil Global Services India LLP
11.2021 - Current
Senior Engagement Manager (F&A)
Capgemini Business Services India Ltd
08.2014 - 11.2021
Financial Analyst - Specialist
HP Global eBusiness Pvt Ltd.
03.2009 - 09.2010
Manager (F&A)
IBM India Pvt Ltd.
11.2005 - 02.2009
Accounts Officer
Hindustan Lever Limited
04.1998 - 10.2005
Accounts Assistant
Kanpha Labs (Pharma Co)
12.1996 - 03.1998
PGDBA (Finance) -
Symbiosis Distance Education
B.com -
Bangalore University
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