Rahul Jain
Global Accounts Payable Manager
Gurgaon
Summary
Experienced finance professional with a remarkable 16-year track record in Business Improvement, Finance Transformation, and management of shared service centers. Demonstrated expertise in accounts payable, audit, and compliance. Skilled in efficiently navigating complex assignments and implementing transformations while mitigating disruption to business operations. Proficient in establishing streamlined processes, cost control, and driving maximum productivity.
Overview
11
11
years of professional experience
8
8
years of post-secondary education
Work History
Global Accounts Payable Manager
Multiplier Technologies India Pvt. Ltd
01.2023 - Current
- Establish deep relationship with key stakeholders and understand and address customer pain points and vision within all the geographies - Americas, EMEA, & APAC regions
- Work closely with other departments to understand business transactions and ensure they are processed and accounted for appropriately and accurately across 70+ countries
- Ensure process governance including reporting and analysis to key stakeholders – communicate on a regular basis to discuss operational issues, key metrics
- Act as point of escalation for payments team to resolve accounting and reporting related issues in a timely manner and ensure all queries are dealt accurately and efficiently
- Evaluate and recommend improvements to systems or other processes to maximize the use of information system resources to develop comprehensive reporting models
- Provide day to day management of the cross functional team in assigning and monitoring deliverables, and motivating and leading the teams to improve performance and work product
- Mitigate financial and operational risks by implementing robust control mechanisms and conducting periodic audits
- Develop the team through effective performance management and monthly appraisals
- Liaise and coordinate with multiple banks-HSBC, Citibank and fintech companies like Wise, Instarem etc to explore payment automation and efficient payment channels
- Part of project team to manage rollout of new accounting software-Netsuite and act a SPOC for AP function.
Finance manager
British Airways Plc
05.2016 - 05.2022
- Manage finance functions carried out by Finance Shared Services, Onshore & Off-Shore, related to account payables (PTP), account receivables (RTR) and banking (OTC) for the region
- Collaborate with Head Office, Shared Services and regional teams to manage rollout of any new finance system like SAP, Concur, Ariba and implement new processes and drive automation
- Ensure balance sheet compliance including monitoring & reviewing of quarterly/annual balance sheet schedules
- Review of open GL items and provide appropriate commentary to stakeholders
- Lead all local financial decision-making activity in partnership with multiple stakeholders for the region
- Escalate any high-profile issues and complexities to the Head of Finance as appropriate
- Provide input & challenge into decision making from both business and financial perspective
- Be prepared to withhold approval and escalate as necessary to ensure the right financial outcome for the company
- Represent, promote and protect best interests of the company with external organizations (vendors & customers) including tax authorities and government bodies like Civil Aviation and RBI
- Manage tax audits and address queries from tax department and statutory auditors
- Provide support with any tax disputes/litigations across the region by providing strategic inputs & information with respect to Direct & Indirect tax
- Analyze impact of various tax changes amendments (GST/VAT) in the region and communicate the change to the impacted area of business and ensure smooth implementation
- Liaise with banks across the region in opening and closing of bank accounts and ensuring regulatory requirements are complied.
Finance Executive
Britsh Airways Plc
04.2014 - 05.2016
- Supervise finance functions outsourced to shared service center related to accounts payable and account reconciliation
- Drive AP transformation and improve KPI’s for AP team
- Improve operation systems, processes and setup procedures for effective control for service delivery and manage new transitions
- Managing local station compliances like Annual account filings with ROC and renewal of permission of branch offices for various countries
- Ensure timely tax payment and filing of withholding tax and corporate tax returns across the region
- Address queries from local or tax authorities
- Manage bank guarantees and security deposits provided to critical suppliers and coordinate with them to reduce risk exposure
- Prepare & monitor Budget Variance statement and accruals for the region and report variances to head office
- Create monthly/quarterly tax and contingent liability schedules and submit to Head Office.
Finance Supervisor
British Airways Plc
10.2012 - 04.2014
- Manage processing of vendors invoices and ensuring they are processed accurately & timely and as per BA policies & procedures and in accordance to company guidelines
- Manage accounts payable for 18 countries in Middle East & South Asia and lead a team of 6 finance executives
- Ensure a robust performance management system is in place
- Responsible for processing of Travel & Expense (T&E) claims
- Analysis and reconciliation of balance sheet accounts of creditors accounts including clearance of T&E open items
- Liaising with banks of regional areas (Middle East, Central Asia & South Asia) for information on bank statements and related issues wherever necessary
- Engage in discussions with Line or vendors, if required, to highlight potential issues, financial risks or any non-compliance related irregularities.
Education
Executive Programme in Project Management -
Indian Institute of Management, Lucknow
06.2022 - 04.2023
Financial Analyst
ICFAI University
06.2006 - 06.2008
MBA - Finance
Symbiosis Centre For Distance Learning
07.2004 - 06.2006
B.Com-Hons - Commerce & Accountancy
Delhi University
07.2000 - 06.2003
Skills
Multi-Tasking
undefinedAccomplishments
- Year 2021: Demonstrated exceptional initiative through self-learning and going above and beyond to develop and implement a streamlined process for the submission of quarterly VAT returns for Japan, resulting in a long-awaited refund of GBP 4M.
- Year 2020: Played a pivotal role in the successful rollout of SAP Ariba within the region, focusing on promoting PO-based invoices. Collaborated closely with procurement, line departments, and Shared Services to ensure more than 90% compliance in raising purchase orders for all goods and services.
- Year 2019: Orchestrated the seamless implementation of new finance systems, SAP and Concur, across South Asia and Middle East countries. Contributed to planning, testing (UAT), and training efforts, effectively identifying and resolving key issues. Fostered strong relationships with internal and external stakeholders to ensure a smooth transition.
- Year 2014: Spearheaded the Finance Transformation process for British Airways, leading the transition to a Global Shared Services Center. As a valued member of the project team, assisted in process mapping and knowledge transfer, ultimately contributing to a successful Go-Live and the completion of final Desktop Procedures (DTP's).
- Year 2012: Pioneered the creation of a Critical Invoices database for the region, ensuring timely payments to critical suppliers. Achieved significant monthly interest savings of £2K through the implementation of prompt payment strategies. Proactively encouraged the adoption of bank transfers as the preferred mode of payment for vendors and staff, reducing reliance on cheques.
- Year 2010: Played an integral role in the regional project team responsible for centralizing finance activities to a dedicated hub.
Timeline
Global Accounts Payable Manager
Multiplier Technologies India Pvt. Ltd
01.2023 - Current
Executive Programme in Project Management -
Indian Institute of Management, Lucknow
06.2022 - 04.2023
Finance manager
British Airways Plc
05.2016 - 05.2022
Finance Executive
Britsh Airways Plc
04.2014 - 05.2016
Finance Supervisor
British Airways Plc
10.2012 - 04.2014
Financial Analyst
ICFAI University
06.2006 - 06.2008
MBA - Finance
Symbiosis Centre For Distance Learning
07.2004 - 06.2006
B.Com-Hons - Commerce & Accountancy
Delhi University
07.2000 - 06.2003
Similar Profiles
CA SAURABH SANGANERIACA SAURABH SANGANERIA
Global Finance Controller at Multiplier Technologies Private LimitedGlobal Finance Controller at Multiplier Technologies Private Limited
Kunal JoshiKunal Joshi
DGM – Operations & Client Servicing ( West India ) at Multiplier Brand Solutions Pvt LtdDGM – Operations & Client Servicing ( West India ) at Multiplier Brand Solutions Pvt Ltd
Aarti MishraAarti Mishra
MIS and HR Operation at Multiplier Brand solutions Pvt ltdMIS and HR Operation at Multiplier Brand solutions Pvt ltd