Summary
Overview
Work History
Education
Certification
PERSONAL DOSSIER
Timeline
Generic

Shalini Yadav

Global director finance
Bengaluru,Karnataka

Summary

Qualified Chartered Accountant with over 20 years of experience in managing India/UK Accounting. Areas dealt with:- - Record to Report (Indian, Denmark entities and Tesco Pension Scheme PLC) -Financial Budgeting and analysis - Policy / Procedure Development - Audit & Compliance - Taxation (Direct & Indirect) - MIS/ Reporting - Corporate Affairs/ Labour Laws Incorporation of companies, registrations with statutory authorities, implementing financial policies and procedures, streamlining processes introducing best practices, designing specific business-related metrics and financials enabling better decision making Instrumental in getting technology enabled processes implemented on open-source applications- web based tasking, OTRS, web-based payroll platform and travel and employee reimbursement module. Managing end-to-end financial accounting, month-end provisions, receivables & payables management, preparing ledger books, reconciliation statements, GL Analysis and monthly/half-yearly and annual closing of accounts. Transition of group Head office and the statutory accounts of standalone entity of Tesco Pensions Scheme plc and its subsidiaries. (Net assets worth £14bn) Handling tax, PF, ESI, service tax, VAT notices and assessments Heading the overall operations for an organisation’s Accounting & payroll functions. Leading the Global R2R transformation from Tesco Bengaluru on Intercompany and elements in Chart of Accounts managing the P2P Vertical for Goods for Resale leading a team of 150

Overview

30
30
years of professional experience
1
1
Certification

Work History

Group Director- Finance

Orana A/S
04.2019 - Current
  • Heading the Group Finance Function of Orana A/S Group, based out of Bangalore with Finance managers from Denmark, Vietnam, India, Egypt, Kenya and Asian countries reporting into this position.
  • Responsible for the accounting and finance for the entire group.
  • Orana A/S parent company management of accounts and reporting.
  • Responsible for transition of accounting and finance of Denmark based entities to Bangalore.
  • Group Audit and Consolidation of accounts for 16 entities
  • Budgeting and forecasting activities for the group
  • Reporting to the Group Board and the advisory board on the Group consolidated finance material and attending the board meetings for explanation of finance related matters
  • Reviewing the finance related matters and attending the local board meetings of the entities in Denmark, Vietnam, Egypt, India, Africa and Dubai.
  • Ensuring that the teams in the local countries are adhering to all statutory related matters
  • Attending to all transfer pricing related issues and responsible for transfer pricing documentation for Denmark related entities
  • Project feasibility reports verification from finance perspective
  • AX ERP implementation – from the functional side issues related to implementation.

Senior Manager – Operations

Tesco HSC, Bangalore
10.2011 - 03.2019
  • June 2018 onwards- Managed the P2P vertical for Goods and Services for Resale with a team size of 150 which processed invoices numbering 12mn (value £20b n) per annum. Involved in getting the processes automated by BOTS and continuous improvement initiatives, already achieved a headcount saving of 10 by getting one of the processes automated.
  • December 2016-June 2018 In addition to the responsibilities below took up in finance transformation, Chart of Accounts Rationalisation and the intercompany project in the R2R stream in transformation for fusion implementation across UK, ROI, Tesco Bengaluru. Reporting to the Head- Group and Head- Finance transformation.
  • November 2013 - December 2016 reporting directly to the Finance Director heading the Group Team managing Planning and Analysis, Intercompany, Treasury Accounting, Head office, Pensions accounting, Group Operations reporting, accounting and audit finalisation for property JV’s and subsidiaries with a team size of 23.
  • October 2011- November 2013 managed the group planning and analysis team and the Pensions team, with a team size of 9. Additional responsibilities of GL controllership and UK intercompany were brought under my ambit from July 2012 onwards increasing the team size to 28.
  • Highlights:
  • Brought the pensions teams SLA rating to green which has been red from the time it was transitioned to India
  • Audit has been bragged green with the recognition from the stakeholders and PWC on the stronger controls implemented in the schemes finance function.
  • Additional work from the group on head office transitioned including budgeting for the entire group and assessing the risks and opportunities and discussing these with the Finance Director periodically.
  • Cost centre analysis for major group activities including the main board.
  • Transition of additional reports from the group reporting team UK and rationalisation of the reports.
  • Led the key financial control objectives (KFC) of the organisation by assessing the design of Intercompany process and policies and recommending the changes.
  • Active participation in women’s network, capability building and other initiatives of the organisation.
  • Completed the woman in leadership development program on a nomination by the Finance Director.
  • From the finance side led the following projects
  • O four weekly payroll implementations (Payroll project in GL controllership)
  • O changeover from the Defined benefits to the Defined contribution scheme for Tesco
  • O Cost centre implementation for fusion
  • O Intercompany function design for fusion (in progress)

Manager- Service Delivery

Resolve Business Services (India) Private Ltd., Bangalore
03.2008 - 10.2011
  • Company Overview: Company promoted by Tally Solutions into accounting and Payroll outsourcing services
  • Heading the entire gamut of Accounting and Payroll Operations of the company. Managing clients around 100 plus on adherence to SLA’s and requirements of their business both on payroll and accounting
  • Meeting the objectives of the organisation in terms of gross margin. Functioning as in-charge for supervising cost management including budgeting and forecasting, tracking operational losses.
  • Led a team of 60 members including 5 Chartered Accountants.
  • Instrumental in dealing with auditors during finalisation stage for some of the existing customers and with tax assessments & representations before the statutory authorities; managed complete closure of statutory audits.
  • Faced due diligence audits on behalf of 3 clients
  • Introducing and implementing the following thereby improving quality of service delivery:
  • O Statutory Assurance Reports and Performance Reports.
  • O Online Ticketing for resolving queries of customers.
  • O Task Management Software for tracking deliverables committed to the customers.
  • O Employee travel and reimbursement module
  • Prepared & maintained technical documentation thereby leading to improvement of the existing Payroll Software; carried out extensive analysis of time spent by Payroll and Accounting Team on each process e.g. customising the UIs for remote data entry at the clients end for cash entries and customisation of accuracy assurance reports in Payroll and accounting
  • Involved in pre-sales activity for payroll and accounting, instrumental in closing out some of the deals including price negotiations.
  • Managed Recruitment and Training of staff.
  • Instrumental in increasing the scope from the already existing clients.
  • Highlights across Assignments:

Client Engagement Manager

S Rao & Co.
06.2005 - 03.2006
  • The roles and responsibilities were the same as that in S Rao & Co. As a principal accountant

Principal Accountant

S Rao and Company, Chartered Accountants, Bangalore
07.2002 - 06.2005
  • Company Overview: Firm was engaged in providing outsourced accounting services to Middle Level Software Development Companies including Software Verification & Validation Companies, Manufacturing and service companies and Non-Profit Organisations (both in India and USA)
  • Managed Outsourced Accounting Services for 6 companies, including Accounting, Taxation, Labour Laws & Company Law Matters and representing the client before the statutory authorities, finalisation of accounts, getting the statutory audit conducted and filing of the reports with the statutory authorities; led a team of 5.
  • Played a key role in incorporation & winding up of companies and maintenance of secretarial records including Statutory Register, Minute Books & Fixed Asset Register.
  • Successfully handled STPI compliances for the customers, including development of project reports for the application and renewal under STPI Scheme.
  • Rendered extensive assistance to individuals, companies, firms & sole proprietorships in preparation of tax returns and advised them on US Accounting, Taxation & Sales Tax work.
  • Handled direct tax assessment of companies, individuals and NGOs.
  • Participated in Functional Testing of Tally’s Payroll & VAT Modules and provided inputs on the same.
  • Worked as a functional consultant on behalf of Tally by working in close coordination with BBMP (Bruhat Bengaluru Mahanagara Palike) officials for developing a customised accounting solution.
  • Highlights:

Accounts manager

Asia institute of Management and Wintel technologies, New Delhi
01.2001 - 06.2001

Consultant

R.M. Lall & Co. chartered accountants
07.1999 - 12.2000

Accounts Officer

Birla Consultancy and Software Services, USA
02.1999 - 06.1999

Audit Manager

R.M. Lall & Co., Chartered Accountants
01.1996 - 01.1999

Education

Chartered Accountant -

Institute of the Chartered Accountants of India
01.1998

Certification

Oct'92 – Oct'95 undergone training with R.M. Lall & Co., Chartered Accountants, Lucknow as Article Clerk

PERSONAL DOSSIER

  • Date of Birth : 19th July 1971
  • Address : 29A, IAS Layout, lane opposite Aishwarya Value Mart, Amrita School of Engineering Road, Kasavanahalli, Bangalore-560035

Timeline

Group Director- Finance

Orana A/S
04.2019 - Current

Senior Manager – Operations

Tesco HSC, Bangalore
10.2011 - 03.2019

Manager- Service Delivery

Resolve Business Services (India) Private Ltd., Bangalore
03.2008 - 10.2011

Client Engagement Manager

S Rao & Co.
06.2005 - 03.2006

Principal Accountant

S Rao and Company, Chartered Accountants, Bangalore
07.2002 - 06.2005

Accounts manager

Asia institute of Management and Wintel technologies, New Delhi
01.2001 - 06.2001

Consultant

R.M. Lall & Co. chartered accountants
07.1999 - 12.2000

Accounts Officer

Birla Consultancy and Software Services, USA
02.1999 - 06.1999

Audit Manager

R.M. Lall & Co., Chartered Accountants
01.1996 - 01.1999

Chartered Accountant -

Institute of the Chartered Accountants of India

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Shalini YadavGlobal director finance