Summary
Overview
Work History
Education
Skills
Timeline
Generic
CA Tarannum Ali

CA Tarannum Ali

House No 152G, DLF Regal Garden, Sector 90 Gurguram

Summary

Member of leadership team that sets long term business objective. Strong business partnership & cross functional collaboration.

Seasoned Financial leader with several years of experience in accounting, financial planning & reporting, revenue planning, credit control, Cash management

Accomplished in recognizing operational inefficiencies and risks, improving financial operations, processes, and standards.

Strong work ethics

Overview

2
2
years of professional experience

Work History

BU Finance Controller

Siemens India Ltd.
07.2022 - Current
  • Assumed leadership in closing monthly financials for all segments and console, demonstrating full ownership of reported financials.
  • Implemented strategies to enhance Gross margin improvement, Cost control and overall profitability for the business. Contingency Planning
  • Prepared overall costing of project after incorporating complete component costing, margin evaluation, and estimate revenue inflow.
  • Analyzed project profitability by assessing the potential ROI against projected outcomes.
  • Led end-to-end budgeting exercise and developed automated financial model for BTA evaluation. Drive discussion with leadership team for budget approval
  • Evaluated financial performance through ongoing analysis of monthly / quarterly budget compared with actual expenses, ensuring adherence to budget requirements. Presented updated Business Outlook.
  • Drove comprehensive control over all balance sheet schedules for enhanced WC management. Drive reduction in WC turns.
  • Achieved revenue targets and margins for business segments by driving ticket wise revenue planning with operation and sales teams.
  • Spearheaded business-wide cost optimization initiative to drive improvement in project costing and margin development.
  • Designed an analytical framework to evaluate margins and volumes of the product line/service line. Provided strategic business insights to the leadership team regarding the direction of the business.
  • Assessed overall order entry quality by analyzing backlog, front log order, their margins, and types of orders
  • AR/Credit control/Cash: Approver of credit limit and payment terms of the customers. Drive CCR ratio > 1 for the business.
  • Plan and drive a robust monthly collection plan with a key focus on more than 90 days debtors, retention, LD cases, write-offs, and identify areas where provision is to be created.
  • Bring in reduction in overdue debtors percentage to meet business target and sales incentives.
  • Conducted periodical business performance review with the leadership team. India & Global reporting.
  • Closed all audits related to business including statutory audits, TP audit, tax audit, and internal audits. Target, 0 audit qualification.
  • ICFR control implementation and control.

Manager Finance

Honeywell Automation India Ltd.
  • Strategic 5-year plan for the business, ROI assessment of proposed investments, NPI growth, margin evaluation at brand level, and draft overall P&L.
  • Led STRAP discussions with the leadership team and facilitated cross-functional business discussions. Conducted final review with global team to ensure closure.
  • Annual Operating Plans strategic discussion – Product & market strategy for the business in collaboration with the respective business divisions, hold cross functional discussions with various stake holders, aligning global targets at country level
  • Prepared complete PL, Balance sheet, and Stat account metrics for the business and uploaded them at cost centre level in Hyperion. Conducted AOP review, presenting Revenue, Margin, Fixed cost movement, and Operating income walk vs. PY and Latest Est.
  • Ensured restatement of financials from the previous year with cross-business numbers and one-time impact, enabling like-to-like comparison in the current year.
  • Strong hold over numbers and their movements to drive business targets. Perform deep-dive analysis of Planned vs. Actual, reporting out numbers on all global and regional platforms, leadership team, and quarterly board review of HAIL.
  • Built strong business partnerships to drive profitability and AOP achievement.
  • Driving YOY, 1-turn WC improvement.
  • Drive margin improvement – Brand-level margin analysis, MOS over backlog order margins, and convertible orders.
  • Inventory: Standard cost roll-out.
  • Monitored and reduced obsolete inventory, driving its liquidation. Conducted business reviews and implemented strategies to improve overall inventory health.
  • Conduct financial sessions in monthly business development meetings to discuss the financial performance of the organization, identify business challenges and areas of focus, and drive profitability and working capital improvement. Manage stakeholder relationships across various departments, including marketing, sales, procurement, and HR. Serve as the central point of contact for all business-related requirements from stakeholders.
  • Collaborated with senior management and business leaders to oversee daily operations, addressing business issues urgently and driving corrective actions.
  • Collaborated with marketing team to create a turnover incentive program for channels and ensured its timely payout.
  • Month-end closing and P&L finalization by posting all provisions, monitoring one timer, COGS variation explanation, warranty provision, freight cost monitor, revenue reversal, and reporting out profitability for the month.
  • SAP implementation of new factory set up.
  • Handled decks, presentations, and MOR reviews for the business.

Manager Finance

Aksh Opti fibre Ltd.
  • Developed a comprehensive understanding of variable, semi-variable, and fixed costs across diverse geographies and industries. Assigned appropriate cost drivers for each variable cost element, while implementing SOD (Segregation of Duties) controls. Conducted rigorous month-on-month variance analysis and effectively presented findings at operational review meetings.
  • Prepared annual budgets at GL level for the company, covering cost and profit centers.
  • Successfully uploaded monthly budget into SAP by obtaining necessary approvals from Chairman, Directors, and functional head.
  • Streamlined cost analysis to align growth strategies by reviewing employee cost, power and fuel expenses, store consumables, freight inwards and outwards, packaging, sales commission, and variances.
  • Completed new assignments in pipeline such as scrap review, internal financial control implementations and working capital control and reduction
  • Reviewed CAPEX and cash flows for new upcoming projects

Sr. Analyst

Ernst and Young LLP –Transaction advisory (M&A – financial due diligence)
  • Financial analysis comprising historical and forecast profitability, identification of recurring profitability base, analysis of key performance indicators, balance sheet position, cash flow, and working capital.
  • Critical analysis of management account reconciliations with audited financials, current trading, year to date, and year to go analysis. Analysis of forecast packages shared with leadership team for review and assessment of accuracy of budgeting year on year.
  • Conducted price, volume, and mix analysis to identify root causes of variances in earnings, costs, sales numbers, and pricing.
  • SG&A, D&A, FTE breakdowns, and their impact on revenue. Variance analysis of Monthly Actual P&L against forecasted P&L and reporting the reasons for variance. Working capital assessment - DSO, DPO, DIO, swing, seasonality, positioning as per the industry, segment-wise analysis.
  • QOE – Quality of earning breakdown.
  • Inventory and debtor analysis – provisioning, aging, and obsolete. TOP 10 Customers analysis/vendor – segment-wise, geography-wise, revenue materiality.
  • Detailed analysis of CAPEX, OPEX, EBITDA multiples, debtors aging schedule, top suppliers, and top customers.
  • Assigned as engagement lead with a team of 3-4 people. Report writing and consistency check with data book.

Assistant Manager Finance

United Technology Corporation - UTC Group
  • Working capital management and interpretation of future trends, updating the finance controller with liquidity position.
  • Investment decision of funds after obtaining competitive quotes from various relationship banks.
  • Verification/ Pre audit of Local Payment & Import Bill payments (A1 & A2 I Form 15CN, 15CB) on daily basis
  • Examining cash inflows and outflows, updating daily liquidity estimates, handling payments, and supply chain financing.
  • Monitor EEFC accounts and USD and JPY utilization.
  • Tap on split payments.
  • Worked with credit controller India for DSO computation, credit limit upload in SAP for all business lines.
  • Review collection reports, cheque bounce reports, ascertain status of collections, and evaluate effectiveness of current collection procedures.
  • Worked on project of asset management – inventory reduction based on targets given by regional headquarters.
  • Inventory valuation and application of ABC technique, inventory and debtors analysis, and quarterly provisions; annual wall-to-wall count monitoring; forward hedge projection for dollar requirement for each month; and entering hedge forward covers contracts with relationship banks.
  • Keeping a tap on FX GL for actual numbers of hedge throughout the month
  • Communication with leadership for hedge budget and update on latest development in FX movement and suggest on improvements
  • Mark to market entry and GL management – FAS 133 –month end closing, HFM & deal updating on UTC Intranet
  • Single point of contact for all FX related queries
  • Reconciliation of Authority matrix with internal control strategies implemented in SAP, with respect to PO release, PR release, Price release, and Credit release.
  • Monitoring credit and pricing conditions maintained in SAP.
  • Recognized as a process engineer for internal control strategies implementation and customer code creation policy implementation. Coordinated cost audit and statutory audit for data to be provided by various departments to auditors.
  • Audit Plan drafting, RCM preparation ICFR compliance check for UTC FS Conducted TDS audit for FY 2014-2015 for all business lines ERP System audit for (SAP) – three way checking of GRN creation, MODVAT claim, document booking, payments processing, vendor code creation, customer code creation, credit release, price release, split payments tapping.

Education

Chartered Accountancy -

Institute of Chartered Accountants of India
01-2013

B. Com(H) -

Banaras Hindu University (BHU)
01-2008

Class XII -

St’ Joseph’s Convent School, Varanasi, ICSE
01-2005

Class X -

St’ Joseph’s Convent School, Varanasi, ICSE
01-2003

Company Secretary -

Institute of Companies Secretaries of India

Skills

  • Expert in Financial Reporting
  • Financial Planning & Analysis
  • Annual Budgetting, Outlook & Est
  • Corporate Strategic Planning
  • Working Capital Management
  • Cash Project & Control, Drive CCR
  • Credit Analysis & Control
  • Creditworthiness Approver
  • Strong Business Partnering
  • Periodic Cost Review & Control
  • Project Costing
  • ROI Evaluation of CAPEX
  • Revenue Planning
  • Margin Development
  • Leadership Business Reviews
  • Audits & Statutory Compliance
  • Month-end and year-end closings
  • Variance Analysis
  • Inventory Management
  • Stakeholder Management
  • Process Improvement
  • Financial Due Dilelence
  • Inventory Reduction
  • SAP, Hyperion reporting, Power BI
  • Financial modelling
  • Team Oversight

Timeline

BU Finance Controller

Siemens India Ltd.
07.2022 - Current

Manager Finance

Honeywell Automation India Ltd.

Manager Finance

Aksh Opti fibre Ltd.

Sr. Analyst

Ernst and Young LLP –Transaction advisory (M&A – financial due diligence)

Assistant Manager Finance

United Technology Corporation - UTC Group

Chartered Accountancy -

Institute of Chartered Accountants of India

B. Com(H) -

Banaras Hindu University (BHU)

Class XII -

St’ Joseph’s Convent School, Varanasi, ICSE

Class X -

St’ Joseph’s Convent School, Varanasi, ICSE

Company Secretary -

Institute of Companies Secretaries of India

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