Shashank Hegde

• Successfully transitioned Booker Group IFRS 16 process into TBS, marking a key milestone in operational efficiency.
• Supervised accurate and efficient end to end Leases accounting/reporting for Booker and Tesco ROI, overseeing a portfolio of over £700m.
• Established and managed KPIs & SLAs, ensuring consistent performance and accountability across lease operations.
• Led continuous improvements, streamlining workflows to enhance both simplicity and robustness.
• Provided valuable insights and identified risks for stakeholders, contributing to informed decision-making.
• Accurately prepared statutory disclosures/notes on financial statements, collaborating closely with UK controllers for thorough review.
• Managed audit processes, ensuring compliance and timely resolution of any audit-related issues.
• FTE savings through Process re-engineering, automation

• Building best practices to re-align with COE.
• Implementation of ICFR across lease process

• Manage Working Capital forecast for GSNFR (c. £650m/p) with • Led the development of a robust working model for periodic forecasts, aligning P/L costs across functions.
• Provide insights on variances with detailed analysis and commentary for Finance Directors (FDs) and UK stakeholders.
• Partner with FP&A & Finance partners to ensure monthly forecasts & to ensure risks & opportunities to forecasts are captured accurately.
• Delivering weekly and monthly Cash Flow (DCF) forecasts (c. £3b annually) with timely submissions and actualization.
• Annual Budgeting for Working Capital (WC) and Direct Cash Flow (DCF).
• Drive Long Term Plan (LTP) for Working capital with 3 years outlook.
• Mentoring team members to scale & deliver.

• Managing the monthly financial close process for AP/AR/Bank accounts.
• Review and approve the journal entries and balance sheets.
• Interaction with cross-functional teams at all levels to deliver timely and accurate financial reporting
• Ensure periodic Subledger and Balance Sheet Reconciliations (AP, AR, Centrally Held Balances).
• Collaborate with Service Management Office to meet key deliverables related to market KPIs.
• Deliver FTE savings and process improvements through Continuous Improvement (CI), Robotic Process Automation (RPA), and other tools.
• Providing Half & Full Year commentaries (BS Notes) and review with Finance Controllers & Directors
• Partner with stakeholders on ECL model implementation for receivables and other IFRS compliance changes.
• Partnered with AP & AR team on resolving overdue balances and applying Balance sheet best practices
• Streamline financial accounting & processes, improved visibility into business performances & implementing control checks
• Ensure up-to-date SOPs, Process Maps, SLAs, and Interaction Models for each process.
• Coach and mentor an 8-person team, fostering development and creating effective backup plans for processes.
• Conduct Monthly Check-ins, Mid-Year, and Year-End appraisals for team members

• Handled Subledger and BS Recon for AP and AR

• Managed Centrally held Balance sheet Recons

• Ensured suspense balances are cleared periodically

• Co-ordinated with various teams in Phase 2 disclosure

• Implemented ideas though CI and other methodologies in stabilizing, standardizing and improvising business processes leading in saving time and cost (over 150hrs annually)

• Accounting of Foreign Exchange Diff for AP, AR and Bank Receipts & Payments

• Cross-training for Critical processes and Documentation of all processes

• Ensures the relevant KPI metrics are adhered to the timelines

• Drive IFRS Training for R2R and Other Finance colleagues

• Managed store expenses and payroll (approx. £165m/month) under IFRS.

• Accountable for periodic management and balance sheet account reviews with key stakeholders.

• Collaborated with FP&A stakeholders on commentaries and insights.

• Played a key role in UAT testing and change management during ERP implementation.

• Developed new templates for management accounts and reports for streamlined analysis during transition.

• Led performance reporting and analysis for JV ESSO

• Gathering evidence for Key Financial Controls (KFC) in Opex.

• Successfully led the team to consistently deliver with minimal stakeholder escalations.

• Handled major Statutory Audits, Tax audits and Internal Audits for companies Chennai, Bangalore, and Pune).

• Support services for start-ups like bookkeeping, preparation of project reports and other outsourced financial services

• Rendering advisory services