Natarajan Ramasubramanian
Finance Controller, India and Board Director
Thane
Summary
A dynamic finance & accounts specialist with expertise in strengthening companies to lead in highly competitive situations; expertise in conceptualizing and implementing financial procedures and building comprehensive internal financial control system CA with over 20 years of experience in Management Accounting & Financial Operations in Manufacturing Sectors (Oil Refinery, FMCG, Mining) and Service Sectors (Oil & Gas services & project management, Telecom) Proven track record of enhancing all financial procedures & internal controls, automated and integrated financial information systems and preparing financial forecasts with coordinated budget projections Achievement oriented professional with excellent people management skills and capability to manage change with ease
Finance professional with strong analytical skills and proven ability to drive financial efficiency. Skilled in financial reporting, budgeting, and strategic planning, with focus on team collaboration and achieving results. Adept at adapting to changing needs, fostering reliable partnerships, and supporting organizational goals through precise financial management and strategic oversight.
Overview
19
19
years of professional experience
2006
2006
years of post-secondary education
5
5
Languages
Work History
Finance Controller & Board Director
Imerys Minerals India Pvt Ltd
07.2016 - Current
- Company Overview: Imerys Group is the world leader in mineral-based specialties for industry headquartered in Paris
- Imerys transforms a large variety of minerals into high value specialty products for the industry using sophisticated technical processes
- Responsible for entire gamut of Finance, accounts, legal entity compliance, Payroll, admin function for Imerys India Hub reporting to Regional Finance Controller
- Added responsibility as Executive Director for Board of Indian legal entities and Finance controller for larger BUs serving multiple markets with multiple manufacturing operations sites
- Responsible for Purchase, Supply chain, Company Secretarial matters & legal matters, M&A and strategy execution at country level
- Ensure that all plant financial and business processes are in compliance with Corporate Policies & Procedures (IFRS and Indian GAAP)
- Support on taxation matters
- Completion of Financial & Tax audits
- Support on Pricing decisions, Cost optimisation strategies, budgeting & forecasts, review of sales & operations performance, Capex decisions
- Financial due diligence and financial modelling for business valuation for M&A
- Completed capital infusion and got funding for Indian entity via issue of preference shares to AE and ECB
- Streamlined the commercial, finance & IT processes and helped in setting up plant accounting & internal control procedures for new plant
- Working capital management, review collections and payables position and cash flow management
- Prepare & present annual budgets and periodic forecasts of the Indian BU operations
- Financial reporting in Group consolidation system on monthly & Quarterly basis
- Variance analysis, pricing, support commercial team on import/export documentation
- Cash flow Treasury management & liaise with bankers for investment, working capital funding, BG, LC etc
- Guide Plant commercial team on best practices and streamline invoicing, collection and commercial activities
- Responsible for legal Compliance, Company secretarial aspects to comply with CS standards and ROC requirements
- Was part of Group Internal Audit team to perform Internal controls audit for Thailand entities on assignment basis
- Liaisoning with external stakeholders, vendors, customers, consultants, Statutory and internal auditors
- Assisted in ISO 9001 & 14001 certification for Plant, Warehouse & corporate office
- ERP Implementation – Project sponsor & contributed in designing ERP framework and delivery with BI and process improvements
- Imerys Group is the world leader in mineral-based specialties for industry headquartered in Paris
- Imerys transforms a large variety of minerals into high value specialty products for the industry using sophisticated technical processes
- Improved financial reporting accuracy by streamlining and automating data processing tasks.
- Streamlined accounts payable and receivable processes for improved efficiency, resulting in reduced outstanding debts and increased cash flow availability.
- Managed a team of finance professionals, fostering an environment of continuous improvement and professional growth.
- Developed and maintained strong relationships with banks, investors, and other financial partners to ensure optimal financing options.
- Optimized inventory management practices using advanced analytics tools for better demand forecasting and stock level optimization.
- Oversaw preparation of annual budgets, providing accurate financial guidance for key business decisions.
- Implemented robust internal controls to mitigate risks and ensure compliance with regulatory requirements.
- Evaluated investment opportunities using comprehensive financial modeling techniques to maximize returns on invested capital while minimizing risks associated with the investments made.
- Led process improvements initiatives within the finance department which resulted in increased productivity levels among staff members.
- Increased profitability, optimizing cost control measures, and expense reduction initiatives.
- Enhanced cash flow management with proactive forecasting and budgeting strategies.
- Conducted thorough risk assessments to identify potential areas of concern in company operations, providing actionable insights for risk mitigation efforts.
- Established efficient payroll processes that ensured timely payment of salaries while maintaining compliance with all relevant labor laws.
- Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
- Assisted in successful merger and acquisition activities by conducting comprehensive due diligence reviews.
- Conducted regular financial performance reviews with senior management, providing valuable insights for strategic decisionmaking.
- Ensured timely submission of tax filings by maintaining up-to-date knowledge on tax regulations and working closely with external auditors.
- Followed up with delinquent accounts to obtain funds and reduce aging balances.
- Collaborated with cross-functional teams to improve overall business performance through strategic financial analysis and recommendations.
- Analyzed industry trends and tracked competitor activities to inform decision making.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
Finance Controller (Segments)
Schlumberger Asia Services Ltd
11.2013 - 07.2016
- Company Overview: Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide
- Responsible for commercial & financial performance of the segments, compliance, internal controls procedures, P&L management, Balance sheet & KPOs delivery of multiple segments
- Responsible for meeting monthly and quarterly targets which includes top line, bottom line and working capital targets
- Planning and forecasting of P&L (monthly forecast, Quarterly rolling forecasts, Annual Plan, Long term plans) optimization of costs & margins on monthly basis
- Strictly follow Sox & internal controls guidelines and Schlumberger global & segmental Financial procedures
- Tender review, bidding strategy & project P&L reviews, vendor negotiation & contract management
- Providing Decision support system in terms of finance results, action on inventory, M&S and FA are embedded part of role and responsibility
- Account receivables review which includes following up for collection and managing working capital
- Credit limits assessment for new and existing customer
- Monthly presentation to senior management in India & regional HQ
- Working closely with operations team on identifying cost optimization initiatives, implementing them successfully & tracking and validating hard benefits
- Managing a team of Business analysts, management accountants, Accounts payable and invoicing accountant resources
- Liaisoning with banks to sort out issues with respect to PBG, LC formats and Fx payments
- Work closely with tax team to create strategies to identify risks and mitigate the tax exposures via tax planning and entity restructuring
- Work closely with Contracts & legal team on contract drafting and financial clauses
- Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide
Manager – Financial Planning & Analysis
Vodafone India Ltd
04.2011 - 11.2013
- Company Overview: Vodafone India Ltd
- Is the largest mobile network operator in India by subscriber base
- Budgeting and planning of telecom tower company – Indus towers Ltd
- Multiple planning scenarios (short term plans & long range plans, valuation etc)
- Monthly reporting of actuals vs
- Budget and provide detailed variance analysis to senior management
- Worked with technical team for identifying financial benefits of various energy initiatives, capex-opex model
- Played a crucial role in continuous improvement of planning process & shrinking the turnaround time through BI tools implementation
- Planning submission in Hyperion for group reporting and liaising with regional and Group HQ for variance analysis
- Working closely with internal and external stakeholders to ensure proper governance and stewardship management
- Worked with other JV partners on value transfer and MSA amendments
- Liaison with Indus and Vodafone circles to resolve any pending issues, settlement of disputes and other operational issues
- Vodafone India Ltd
- Is the largest mobile network operator in India by subscriber base
Finance Manager
Cadbury India Ltd
07.2007 - 04.2011
- Financial Control of Cadbury Business Services entity
- Making of monthly, annual forecast & Long range plans
- Analysis of variance between Actuals & Forecasts and building a monthly performance reports
- Financial analysis of business cases, APAC Regional IT spend analysis
- Monthly accounts closing & Hyperion entries & data transmission to Group
- Preparation of accounts as per IFRS & Indian GAAP
- Handling Internal & Statutory auditor’s queries
- Approval of daily vouchers & Cheques payments
- Ensuring Legal & Statutory compliances (ROC Filings, Board meetings documentations, RBI guidelines etc)
Assistant Manager
Bharat Petroleum Corporation Ltd
10.2005 - 07.2007
- Company Overview: Bharat Petroleum is a PSU company engaged in Refining and retailing of petroleum products
- Generation of MIS reports on Profitability, Product costing, evaluating financial impact of Investment proposal and projects
- Pricing of new products and deciding the amount of discount that can be given to maximize profit
- Preparation of revenue budgets, Monitoring & controlling expenses and overheads
- Driving cost reduction initiatives
- Managed tax audit, joint venture and subsidiary accounts
- Finalisation of Refinery Accounts & handling Accounts closing activities
- Bharat Petroleum is a PSU company engaged in Refining and retailing of petroleum products
Education
Advanced Diploma - Management Accounting
CIMA-UK
Chartered Accountant - undefined
Institute of Chartered Accountants of India
Bachelor of Commerce - undefined
Mulund College of Commerce
Skills
Finance & Accounts
Strategic Planning & Financial Analysis
Pricing and tender/bid
Company secretarial management
Cross-Functional Coordination
Vendor Management
Variance analysis
Internal controls
Cash flow management
Audit coordination
Working capital management
Business partnering
Intercompany transactions
Fixed assets management
Cost accounting
Capital budgeting
Internal control management
Accounts receivable management
Financial forecasting
Regulatory compliance
Strategic planning
Management accounting
Pricing and costing
Negotiation
Executive leadership advisement
Multitasking Abilities
Teamwork and collaboration
Personal Information
Date of Birth: 12th June 1981
Mailing Address
F1006, Rustomjee Azziano, Nr Saket Complex, Majiwade, Thane (W), Maharashtra, 400601
Additional Information
Member of Board of Studies at Mulund College of Commerce and Trustee at Raising a Mathematician Foundation (a non profit organisation)
Timeline
Finance Controller & Board Director
Imerys Minerals India Pvt Ltd
07.2016 - Current
Finance Controller (Segments)
Schlumberger Asia Services Ltd
11.2013 - 07.2016
Manager – Financial Planning & Analysis
Vodafone India Ltd
04.2011 - 11.2013
Finance Manager
Cadbury India Ltd
07.2007 - 04.2011
Assistant Manager
Bharat Petroleum Corporation Ltd
10.2005 - 07.2007
Chartered Accountant - undefined
Institute of Chartered Accountants of India
Bachelor of Commerce - undefined
Mulund College of Commerce
Advanced Diploma - Management Accounting
CIMA-UK