CA SAURABH SANGANERIA
Mumbai
Summary
Skilled Chartered Accountant & MBA (Finance) bringing 17+ years of experience working with large organizations. Proven leadership and successful in leading teams in achieving financial goals. Accomplished in working with executive leaders to develop business, financial and growth strategies.
Overview
17
17
years of professional experience
13
13
years of post-secondary education
Work History
Global Finance Controller
Multiplier Technologies Private Limited
11.2022 - Current
- Streamlined accounts payable and receivable processes for B2B SAAS company which are “Employer of Records (EOR)” for more than 900 clients with 3,500+ employees in more than 80 countries thereby enhancing efficiency
- Led process improvements initiatives within finance department which resulted in increased productivity levels among staff members to handle invoicing, collections, and salary payments to more than 3,500+ employees across 80 countries (totaling to ~$20 million per month)
- Followed up with delinquent accounts to obtain funds and reduce aging balances
- Improved financial reporting accuracy by streamlining and implementing Netsuite (Oracle) ERP system
- Supervised accurate, efficient, and compliant completion of monthly financial reporting packages
- Enhanced cash flow management with proactive forecasting and investing strategies by deploying surplus funds in liquid investments
- Singapore GST registration and implementation
- Mentored colleagues within finance team (25 colleagues spread across region like Malaysia, Singapore, Mexico, India, etc.), contributing to their professional growth and development.
- Managed team of finance professionals, fostering environment of continuous improvement and professional growth.
Associate Director – Accounts Receivable
Flipkart Internet Private Limited
04.2022 - 10.2022
- Responsible for accounting and reporting of Receivables for Flipkart, Myntra, Jeeves & F1, FAPL and 10 FK group companies
- Also involved in monthly/ quarterly reporting, compliance, audit, and external stakeholder management
- Handling accounting & other activities related to B2B (revenue of ~INR 500 billion), B2C (GMV of ~INR 1500 billion), Export’s business, Wholesale business, Nodal Bank Account, Payment Gateways (PGs), Electronic Gift Vouchers (EGV), Buy Now Pay Later, No Cost EMI’s, Co-branded Cards, Instant Cashbacks, Super Coins, Monetization income, Loyalty Schemes, Digital products like electronics protection plans, Smart Upgrade program, Mobile Exchange program, Offline & Omni Channel, etc
- Handling team of 60 colleagues spread across region
- Driven various business initiatives like Ad’s on loyalty page, seeing revenue jump of ~15% in ad’s revenue
- Introducing customized festive EGV, thereby driving increase in subscription by ~40%
- Facilitating redemption of Flipkart Coins across platforms and enhancing customer experience
- Business partnering business in new initiative like introducing Electric vehicle, Mobile Rentals, Seller Incentives, Omni Chanel, PG cost optimization, etc
- Done project on GST optimization and saving ~INR 80 crores in year
- Working capital Optimization during festive sales, by accelerating invoicing and collection, thereby driving cash of ~INR 1,000 crores.
Senior Manager – Accounts Receivable
Flipkart Internet Private Limited
03.2019 - 03.2022
- Responsible for accounting and reporting of Receivables for Myntra and Myntra group companies.
- Collaborated closely with peers from other departments to drive organizational success jointly as one cohesive unit.
Manager – Shared Service Center (SSC / P2P)
AB InBev India & South East Asia (Mfg. of Budweiser Beer)
06.2018 - 02.2019
- Oversee operations of shared service center of BU India
- This includes setting up systems & process for P2P team, account payable processing & payment, freight management, capex & treasury management, travel expenses processing & budgetary control, internal control compliance, statutory audit of accounts payable and account payable reconciliations
- Setting up framework and defining the SLAs for P2P team
- Accounts payable processing and payment as per SLA’s
- Drive KPI’s and efficiencies
- Ensuring timely payments of state excise duty and other statutory payments as per the due dates.
Manager – Brewery Finance
AB InBev India & Southeast Asia (Mfg. of Budweiser Beer)
05.2016 - 06.2018
- Brewery’s financial requirements, financial discipline and maintaining budgetary and internal controls in line with SOPs Also, responsible for tracking business performance, ensuring compliance, process improvements and cost center-wise booking
- Evaluating Capital projects (MEP) and capitalization of the same & Support Operations on commercials issues
- Implemented GST in the unit and was part of the GST roll out team for the company
- Set-up of green filed brewery in Mysore & implementation of ERP system and IT process for operations
- Migration and implementation of Syspro ERP for our group company.
Factory Finance Manager
Hindustan Unilever Limited (HUL)
07.2014 - 05.2016
- Oversee all regular finance operations such as costing, month end closing, payments, etc
- Of the factory and the third-party manufacturers operations for timely production / delivery of finished goods
- Driving factory-wide cost efficiency programmes (CEP), thereby delivering 16% overall savings, budgeting / control of capital expenditure (CAPEX) etc
- Pillar leader of Cost Deployment Pillar of World Class Manufacturing (WCM)
- Business partnering supply chain function of the factory
- Negotiated contracts with third party manufacturers
- Handled Central Excise & State Excise related matters along with other statutory compliances.
Procurement Finance Business Analyst
Hindustan Unilever Limited (HUL)
08.2012 - 06.2014
- Forecast volume and material price trends, contract cover periods and assess impact on material price forecast
- Reporting material price developments, monthly profit & loss statement, and financial performance to take pricing decisions
- Support South Asia Supply Management teams to analyze, track and advise on savings projects.
- Conducted thorough variance analyses, identifying underlying causes of discrepancies between actuals and forecasts.
Senior Manager – Finance
Alok Industries Ltd.
02.2007 - 08.2012
- Loan syndication for expansion projects, working capital, promoter funding, etc
- Raised equity of Rs
- 424 crores from Right Issue and Rs
- 450 crores from QIP Issue
- Private equity investments for the real estate initiative of the company
- Merger / amalgamation of Grabal Alok Impex Ltd with Alok Industries Limited.
Education
ACCA Qualification - Business Analysis
Association of Chartered Certified Accountants
Mumbai 02.2015 - 03.2017
DIPLOMA IN IFRS - International Financial Reporting Standards (IFRS)
Association of Chartered Certified Accountants
Mumbai 10.2012 - 03.2013
CHARTERED ACCOUNTANT - Accounting And Finance
Institute of Chartered Accountants of India (ICAI)
Mumbai 03.2007 - 05.2011
MMS (FINANCE) - Finance
N. L. Dalmia Institute of Management Studies
Mumbai 06.2005 - 03.2007
BACHELOR OF COMMERCE - Accounting And Business Management
Mumbai University
Mumbai 06.2000 - 03.2005
Skills
Financial Forecasting
Business Communication
Strategic Thinking
Team Player
Accounting
P2P
Green Field Project Set up
ERP Implementation
Project Management
Positive Approach
People Manager
Market Place
Ecommerce
Variance Analysis
Accounts reconciliation
Internal Controls
Financial Forecasting
Personal Information
Date of Birth: 07/17/84
Timeline
Global Finance Controller
Multiplier Technologies Private Limited
11.2022 - Current
Associate Director – Accounts Receivable
Flipkart Internet Private Limited
04.2022 - 10.2022
Senior Manager – Accounts Receivable
Flipkart Internet Private Limited
03.2019 - 03.2022
Manager – Shared Service Center (SSC / P2P)
AB InBev India & South East Asia (Mfg. of Budweiser Beer)
06.2018 - 02.2019
Manager – Brewery Finance
AB InBev India & Southeast Asia (Mfg. of Budweiser Beer)
05.2016 - 06.2018
ACCA Qualification - Business Analysis
Association of Chartered Certified Accountants
02.2015 - 03.2017
Factory Finance Manager
Hindustan Unilever Limited (HUL)
07.2014 - 05.2016
DIPLOMA IN IFRS - International Financial Reporting Standards (IFRS)
Association of Chartered Certified Accountants
10.2012 - 03.2013
Procurement Finance Business Analyst
Hindustan Unilever Limited (HUL)
08.2012 - 06.2014
CHARTERED ACCOUNTANT - Accounting And Finance
Institute of Chartered Accountants of India (ICAI)
03.2007 - 05.2011
Senior Manager – Finance
Alok Industries Ltd.
02.2007 - 08.2012
MMS (FINANCE) - Finance
N. L. Dalmia Institute of Management Studies
06.2005 - 03.2007
BACHELOR OF COMMERCE - Accounting And Business Management
Mumbai University
06.2000 - 03.2005