Summary
Overview
Work History
Education
Skills
Websites
Timeline
Generic

Ritee Malhotra

Summary

Chartered Accountant with 20 years of experience, leading finance teams at various levels in Accounting, Corporate Finance, Controlling, and Financial Planning, currently serving as Principal – Controlling and Governance at HP. Previously held senior finance leadership roles, including Chief Financial Officer and Deputy General Manager – Finance. Proven expertise in budgeting and cash forecasting, financial reporting (P&L, Balance Sheet), cash flow management, CAPEX and working capital management, M&A, capital structure, financing strategies, tax compliance, and internal and statutory audits. Worked closely with top management and collaborated across Operations, HR, and Sales, with broad experience spanning both service and manufacturing sectors.

Overview

23
23
years of professional experience

Work History

Principal – Compliance and Governance

HP Printing and Computing India Private Limited
02.2024 - Current
  • Led initiatives to improve process efficiency, maintain SOX compliance, and enhance financial accuracy
  • Developed SOPs and workflows for SOX compliance under US GAAP and IFRS, ensuring audit readiness
  • Oversaw 20+ SOX control processes, mitigating compliance risks and strengthening governance
  • Directed journal entry and reconciliation reviews and collaborated with auditors for timely finalization
  • Identified variances, reducing financial errors and improving reporting accuracy
  • Enhanced AP, AR, and FA controls, including invoice processing, vendor data management, and asset capitalization
  • Conducted TOD & TOE testing to validate SOX compliance across key finance functions
  • Strengthened banking portal access controls through refined approval matrices and documentation
  • Delivered process improvements that boosted operational efficiency across multiple functions

Chief Financial Officer

ALS Testing Services India Private Limited
03.2023 - 02.2024
  • As Head of the India Finance & Accounting team, drove financial strategy, planning, and operations with a strong focus on fiscal discipline and compliance. Partnered with Operations, Sales, and HR to align finance with business goals and supported M&A project
  • Managed cash flow and cost allocations, budgeting, financial forecasts, and financial reporting
  • Designed financial models to guide strategic investment initiatives
  • Conducted project finance analysis for the Food Testing unit using financial modeling focused on cost reduction, taxation, and subsidies to identify opportunities and develop business plans and strategies for leveraging eligible government schemes
  • Applied financial modeling to optimize working capital and cash flow through capacity augmentation, consumables management, outsourcing, and leasing
  • Modeled CAPEX equipment investments to mitigate capital risk by analyzing payback period, maintenance costs, depreciation, and ROI
  • Directed strategic planning, controlling, finalization of accounts, and taxation (GST, TDS, Import Duties)

Deputy General Manager – Finance

GEA Westfalia Separator India Private Limited
10.2008 - 05.2015
  • Headed the Finance team, overseeing planning, controlling, and day-to-day accounts and reporting to drive operational efficiency, ensure compliance, and support business objectives
  • Finalized accounts and managed monthly, quarterly, and annual reporting
  • Performed financial analysis and modeling to evaluate the setup of an EOU, supporting strategic decisions and assessing cost benefits from duty reductions to strengthen market positioning
  • Led SAP finance implementation for the new EOU division
  • Directed accounting operations (AR, AP, payroll, cost reporting) and ensured ERP data quality
  • Monitored cash flow, working capital, and CAPEX allocations
  • Formulated budgets, forecasts, and transfer pricing calculations
  • Conducted P&L variance analysis and provided actionable insights to reduce raw material and logistics costs
  • Strengthened governance through corporate policies and audit compliance
  • Streamlined reporting, cutting cycle time from 12 days to 5 days

Finance Controller for Operations

Bangalore International Airport Limited
01.2007 - 01.2008
  • Finance Controller at Bangalore International Airport, responsible for
  • Preparation and analysis of management accounts, cash flow, budget, and forecasts
  • Provide costing for new business and input into pricing and marketing policy
  • Oversee all commercial contracts and legal agreements
  • Work with operational managers to ensure maximum fund utilization as per budgetary guidelines
  • Monitor and analyze monthly and annual operating results against target
  • Assist in planning for future staffing needs and recruitment in line with company guidelines

Finance Analyst

HP e-Global Business, Bangalore
01.2005 - 01.2007
  • Responsibilities at Hewlett-Packard included:
  • Preparation and Analysis of monthly financial reports catering to internal and external customers
  • Financial reports for telecom division of the company on monthly and quarterly basis
  • Handling Reconciliation Process for P2P, Accounts payable & receivable for various countries

Assistant Accounts Manager

Option Engineering Pvt. Ltd., Mumbai
01.2003 - 01.2005
  • Finance and Accounts Management:
  • Finalization of accounts, preparing and analysis cash flow statements, determination of financial ratios
  • Income tax planning and working for Advance Tax and Corporation Tax, Calculation & Filing of Returns
  • Payroll Management

Education

Chartered Accountant -

Institute of Chartered Accountants of India

Bachelor of Commerce -

Mumbai University

Skills

    Knowledge & Skills
    Accounting and Finance
    Auditing and Internal Controls
    Corporate Finance
    Financial Analysis, Modeling and Planning
    Financial Statements
    US GAAP SOX IFRS
    Internal Controls
    SAP Applications
    Budgeting, Forecasting, and Variance Analysis

Timeline

Principal – Compliance and Governance

HP Printing and Computing India Private Limited
02.2024 - Current

Chief Financial Officer

ALS Testing Services India Private Limited
03.2023 - 02.2024

Deputy General Manager – Finance

GEA Westfalia Separator India Private Limited
10.2008 - 05.2015

Finance Controller for Operations

Bangalore International Airport Limited
01.2007 - 01.2008

Finance Analyst

HP e-Global Business, Bangalore
01.2005 - 01.2007

Assistant Accounts Manager

Option Engineering Pvt. Ltd., Mumbai
01.2003 - 01.2005

Chartered Accountant -

Institute of Chartered Accountants of India

Bachelor of Commerce -

Mumbai University
Ritee Malhotra