PURUSHOTTAM A. WALAWALKAR
Head - Finance
Summary
With over 20 years of experience in finance, I offer a strong analytical skillset and strategic mindset. Expert in Financial Accounting and reporting, Tax compliances and assessments with deep understanding of regulatory requirements. Proven track record in budget and financial planning. Dedicated to driving financial growth and stability through effective working capital management and maximizing Interest Income. Thrives within dynamic and forward-thinking organizations, contributing to their success.
Overview
20
20
years of professional experience
Work History
Head – Finance (Entity CFO)
BNP Paribas Securities India
07.2021 - Current
- Company Overview: (Institutional Broking)
- Overseeing monthly Local (INDAS) & Group financial statements closure and reporting
- Handling Statutory Audit, Tax Audits, Tax Assessments, Regulatory Inspection and submissions
- Presenting Financial Summary, Tax updates and status on Funding Requirements to the Board
- Capital Infusion and Dividend Retention submissions to Regional Teams for meeting working capital business needs
- Effective deployment of Own Funds and Intraday Borrowed Funds for Working Capital Requirements
- Raised External Commercial Borrowing of € 55 Mn by managing the transaction end to end
- Maximise Interest Income thru effective deployment of Own & Client funds in Fixed Deposits
- Managing external banking relationships for setting up and utilizing Intraday Borrowing required for working capital
- Tax Compliances i.e Monthly TDS & GST payments & returns, Advance Tax Payments & Annual Return of Income
- Automation of Fixed Deposit Accounting Module
- Overseeing Procurement function, Vendor Payments, Bank Reconciliation and overseas remittances
- Annual Capex & Opex Budgeting
Section Head – Finance & Accounts
Aditya Birla Finance Ltd
06.2015 - 07.2021
- Company Overview: (NBFC)
- Preparation of Statutory Financials as per INDAS as well as IGAAP
- Managing Quarterly Limited Reviews & Annual Statutory Audit
- Reporting Monthly Business P&Ls with KPIs in an executive summary for Management Committee (CEO / CFO / Business Heads)
- Filing of quarterly RBI returns (NBS7 & NDSI) and handling RBI Inspection submissions
- Overseeing Revenue, Borrowing Cost, Payroll, Fixed Asset Register and EIR accounting as per INDAS
- Annual Budgets and Quarterly Estimates as well as Long Range Business Plans of 3 years – 5 years
- Business Performance Review Presentations for Chairman's office and quarterly Board Presentations
- Automation of INDAS workings, Regulatory Returns and Mgmt
- Dashboards
- Migration of Loan Management Systems including formulating accounting schema & performing UAT for Integration and Data Migration
- (NBFC)
AVP – Financial Intelligence
Deutsche Bank Centre India
06.2014 - 01.2015
- Supporting Central Finance Directors London by preparing Monthly CB&S Group Flash & rolling forecast for Revenue, Cost and IBIT
- Ex-co packs for CB&S COO
- Preparation of Planning Decks for Senior Management Review
Manager – Business Finance Partner, Retail Banking
Standard Chartered Bank
06.2008 - 06.2014
- Drawing up Product Revenue & Cost Budgets, as well as Quarterly Forecasts
- Responsible for monthly closing of Management Books by closing accruals & FTP entries
- Tracking actuals against Budgets / Forecasts and highlighting variances
- Identifying areas of cost control to implement in partnership with stakeholders as Real Estate Team, Vendor Management & Operations and Technology
- Tracking RM Productivity for Incentive Calculations
- Managing Project Approval Requests for new Branch and ATM set-up, relocation & refurbishment
EMEA Financial Analyst
TCS E-Serve Limited
10.2006 - 06.2008
- Preparation of Monthly Sales & Expense MIS Reports for Citi-phone BU
- Compilation of Monthly Quality & Complaints Report received from various countries for Customer Service BU and preparation of Regional dashboards
- Publishing Weekly Citi-phone Metrics Report to track contact centre efficiency
Executive – Global Finance
Syntel India Limited
09.2005 - 10.2006
- Worked on Finalization of Standalone USGAAP Financials for Syntel Inc
- Consolidation of Financials for Subsidiaries of Syntel Inc
- Independently prepared 10K (Annual Report) and 10Q (Quarterly Report) for filing with Securities Exchange Commission (USA)
- Prepared Standalone USGAAP Financials of 4 subsidiaries in Mauritius
A.F. Ferguson & Co. Chartered Accountants
03.2005 - 09.2005
- Handled Statutory Audit, Limited Reviews & Tax Audits for Titan Industries Limited, Nestle India Limited & Clariant Chemicals India Limited
Education
B.Com -
Mumbai University
03-2002
Chartered Accountant -
Institute of Chartered Accountants of India
11-2004
Skills
- Financial Accounting
- Management Reporting
- Planning & Budgeting
- Regulatory Reporting & Compliances
Personal Information
Date of Birth: 15th April 1982
Timeline
Head – Finance (Entity CFO)
BNP Paribas Securities India
07.2021 - Current
Section Head – Finance & Accounts
Aditya Birla Finance Ltd
06.2015 - 07.2021
AVP – Financial Intelligence
Deutsche Bank Centre India
06.2014 - 01.2015
Manager – Business Finance Partner, Retail Banking
Standard Chartered Bank
06.2008 - 06.2014
EMEA Financial Analyst
TCS E-Serve Limited
10.2006 - 06.2008
Executive – Global Finance
Syntel India Limited
09.2005 - 10.2006
A.F. Ferguson & Co. Chartered Accountants
03.2005 - 09.2005
B.Com -
Mumbai University
Chartered Accountant -
Institute of Chartered Accountants of India
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