Iresh Navallimath
Bangalore
Summary
Forward-thinking Business leader excited to bring 21-year background of working with different multinational organization. Expert in setting financial targets and devising strategies to improve internal controls, standards and processes. Successful in advising business executives on financial strategies driving short-term and long-term growth.
Overview
20
20
years of professional experience
Work History
Business Controller
Johnson Controls
01.2019 - Current
- Enhanced financial performance by streamlining budgeting and forecasting processes.
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
- Streamlined reporting processes, providing up-to-date information for informed decision making across all departments.
- Established clear communication channels between finance department staff to encourage knowledge sharing.
- Supported strategic initiatives by providing insightful data-driven recommendations.
- Enhanced profitability through comprehensive revenue analysis and pricing optimization strategies.
- Strengthened business decision-making with accurate and timely financial reports.
- Reduced operational costs through detailed analysis and identification of inefficiencies.
- Optimized resource allocation through effective capital planning and prioritization.
- Collaborated with cross-functional teams to drive process improvements and cost reductions.
- Mentored and developed finance team members, fostering a high-performance culture.
- Safeguarded company assets through diligent tracking of expenses, revenues, and asset utilization trends.
- Improved cash flow management, ensuring healthy liquidity levels for the organization.
- Revamped financial systems, automating manual processes for increased efficiency in daily operations.
- Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
- Managed budgets, assets, portfolios, accounts payable, and receivable and general financial reporting procedures.
- Followed up with delinquent accounts to obtain funds and reduce aging balances.
- Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
- Reviewed processes and procedures to guide program implementation and optimize auditing.
OTC Manager
Johnson Controls
01.2017 - 04.2019
- Enhanced cash flow by implementing efficient cash management processes and procedures.
- Provided regular updates to senior management on cash management activities, progress against targets, and areas of potential risk or opportunity.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Forecasting incoming payment performance; flagging payment performance defaulter customer to local market; streamlining & gaining efficiency in billing disputes; analyzing the root cause of problems
- Developing holistic Order to cash applications (order booking, Account receivables, credit management, invoicing, collection & reporting) solutions which improve cash flow; monitoring and flagging revenue leakages by stopping leakage throughout OTC process from lost opportunities on orders/sales
- Assisting in month-end closing process for Accounts Receivable; preparing periodical Debtors Ageing Trial Balance Report and month end AR reports
- Enhancing customer satisfaction by effectively resolving queries pertaining to invoices, orders, so on
- Monitoring end-to-end application of cash to accounts receivable ledger and providing alerts to Treasury Dept. on cash flow deviations impacting the factoring program.
- Interfacing with:UK / US / Australia for collection follow up to ensure timely intercompany collection
- Internal & External Auditors on all matters including addressing any audit recommendations to be implemented within the appropriate timeframe
- Spearheading cash application and ensuring that cash receipts are applied properly & no errors/ Zero advance against the customer
- Developing weekly ageing reports for review by senior management
- Leading a team of 35 members; reviewing performance of the team members; setting staff goals, monitoring staff performance and performing regular appraisals
Finance Manager
Hilti
10.2012 - 05.2016
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
- Recognized non-moving accounts & allocated the same to Finance Team to do reconciliation & payment collection
- Monitored & ensured:Collections as per stipulated due dates to avoid delays and bad debt provisioning
- Day-to-day payable & receivable at branch level with a support of executive
- Evaluated monthly debtor’s outstanding & daily sales outstanding to present the same to Regional Sales Team and Credit Head
- Resolved third party issue at the branch office level like, VAT CST & any legal issues pertaining to government organization
Deputy Manager
Reliance Communications Ltd
09.2008 - 09.2012
Credit & Collection
Vodafone E
11.2005 - 09.2008
Risk Management Analyst
TVS Finance & Service
08.2004 - 11.2005
Education
Accelerated Management Program - General Management
Indian Institute of Management
Ahmedabad, India05.2021
MBA - Finance And Marketing
ISBM
Mumbai, India05.2008
Bachelor of Commerce - Finance And Accounting
Karnataka Univercity
Dharwad, India05.2000
Skills
- Business process improvement
- Internal controls development
- Cash Flow Management
- Decision Support
- AP/AR invoicing
- Accounts receivable management
- Internal control management
- Financial Management
- Working capital management
- Key Performance Indicators
Languages
English
Advanced (C1)
Hindi
Intermediate (B1)
Kannda
Bilingual or Proficient (C2)
Corporate Social responsibilities
Being in Core Member of CSR committee. Successfully delivered 15 project across India which includes
- Fresh drinking water facilities to 8 Government school in Maharastra & Karanataka.
- Health On wheel ( Moving Hospital to support underprivileged & construction workers across Bangalore)
- 5000 tree stapling done across Bangalore Urban & Rural.
- NICU & PISU upgradation at Government hospital.
Timeline
Business Controller
Johnson Controls
01.2019 - Current
OTC Manager
Johnson Controls
01.2017 - 04.2019
Finance Manager
Hilti
10.2012 - 05.2016
Deputy Manager
Reliance Communications Ltd
09.2008 - 09.2012
Credit & Collection
Vodafone E
11.2005 - 09.2008
Risk Management Analyst
TVS Finance & Service
08.2004 - 11.2005
Accelerated Management Program - General Management
Indian Institute of Management
MBA - Finance And Marketing
ISBM
Bachelor of Commerce - Finance And Accounting
Karnataka Univercity
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