Nilesh Salvi
Mumbai
Summary
Finance and Accounts professional with 20+ years of experience across diverse industries. Proven expertise in financial planning, budgeting, forecasting, process automation, ERP implementation, and team leadership. Adept at streamlining financial operations, enhancing efficiency, and driving cost-saving initiatives. Seeking to contribute my expertise to a dynamic organization by delivering strategic financial insights and operational excellence.
Overview
24
24
years of professional experience
Work History
Associate Director Accounts Payable
Source HOV Services P. L.
01.2024 - 01.2025
- Leading AP Team for US and EMEA Region with 37 entities.
- Managing payment decisions, prioritizing critical vendors.
- Engaging with vendors on payment plans and negotiations.
- Driving automation in the Accounts Payable process.
- Ensuring SOX compliance and accrual management.
- [Global provider of transaction processing services and enterprise information management solutions, catering to high-volume, data-driven, and information-intensive industries]
- Developed real-time financial data reports, reducing dependency on manual requests.
- Automated management reports for ready accessibility.
- Provided historical payments data access, improving transparency.
- Implemented vendor categorization system, enhancing decision-making.
- Automated payment decision-making process, streamlining workflow.
Director Finance (2018 – 2023) | Senior Manager, FP&A (2016 – 2018) | Manager, FP&A (2011 – 2016)
Inventurus Knowledge Solutions Pvt. Ltd
01.2011 - 01.2023
- Led financial planning, budgeting, and forecasting to optimize revenue growth.
- Managing month-end closures, revenue audits, and procurement strategies.
- Oversee cash flow management, accounts payable and working capital planning.
- Developing financial models to support management decision-making.
- ERP implementation (Oracle Financial) and process automation.
- [KPO, manages Revenue Cycle for hospitals and physicians in the United States having offices within India and US.]
- Reduced month-end closing cycle to T+1 through process improvements.
- Designed cost-saving procurement best practices, enhancing financial efficiency.
- Automated reporting processes for faster and accurate financial insights.
- Implemented a rolling forecast model, improving cash flow predictability.
Finance Analyst – South & South East Asia
Western Union Services (I) Pvt. Ltd.
01.2008 - 01.2011
- Handled budgeting, forecasting, and variance analysis for the SEA region.
- Managed finalization of accounts, vendor payments, and tax compliance.
- Provided ad-hoc financial analysis to support business expansion.
- Developed incentive models and pricing strategies to enhance market share.
- [Global leader in payment services across 200+ countries.]
- Automated reporting processes, reducing manual effort by 150+ man-days.
- Designed dashboard reporting templates for executive decision-making.
- Successfully managed complex pricing proposals under tight deadlines.
Finance Executive (2006 – 2008) | Finance Officer (2005 – 2006)
ABN Amro Central Enterprise Services Pvt. Ltd.
01.2005 - 01.2008
- Led MIS reporting, inter-company reconciliations, and month-end closures.
- Managed fixed asset schedules, payment runs, and variance analysis.
- Conducted financial process improvements and automation initiatives.
- Reduced 145+ man-days through innovative process optimizations.
- Received multiple performance awards for automation and process efficiency.
Senior Accountant (2003 – 2005) | Accountant (2001 – 2003)
Agarwal Ad Agencies
01.2001 - 01.2005
- Managed finalization of accounts, tax compliance, and cash flow.
- Supervised credit collection, reconciliation, and vendor payments.
- Reduced client receivables cycle from 64 to 56 days, improving cash flow.
- Designed product-level budgeting and financial tracking models.
Education
Executive Program in Applied Finance - Applied Finance
Indian Institute of Management
Calcutta12.2010
Post Graduate Program in Management Studies - Management Studies
Welingkar Institute of Management
09.2009
B.Com - [Mumbai University]
Sathaye College of Commerce
Mumbai01.2001
Skills
Advanced Microsoft Excel (VBA, Macros, Financial Modeling)
ERP Systems: SAP 71, Oracle Financials, Tally 9 ERP, Business Object
Programming & Tools: VBA Programming, Essbase Application, FoxPro
Certifications & Awards
Awarded ‘ACE of the Month’ (ABN Amro) for outstanding process improvements., Star Performer of the Month (ABN Amro, 2007)., ACE Bravo Award (ABN Amro, 2007).
Personal Attributes
- Strong leadership and team management skills.
- Strategic thinker with problem-solving ability.
- Passionate about financial process automation and efficiency.
Timeline
Associate Director Accounts Payable
Source HOV Services P. L.
01.2024 - 01.2025
Director Finance (2018 – 2023) | Senior Manager, FP&A (2016 – 2018) | Manager, FP&A (2011 – 2016)
Inventurus Knowledge Solutions Pvt. Ltd
01.2011 - 01.2023
Finance Analyst – South & South East Asia
Western Union Services (I) Pvt. Ltd.
01.2008 - 01.2011
Finance Executive (2006 – 2008) | Finance Officer (2005 – 2006)
ABN Amro Central Enterprise Services Pvt. Ltd.
01.2005 - 01.2008
Senior Accountant (2003 – 2005) | Accountant (2001 – 2003)
Agarwal Ad Agencies
01.2001 - 01.2005
Post Graduate Program in Management Studies - Management Studies
Welingkar Institute of Management
B.Com - [Mumbai University]
Sathaye College of Commerce
Executive Program in Applied Finance - Applied Finance
Indian Institute of Management