Summary
Overview
Work History
Education
Skills
Internship
Languages
Timeline
Generic
SHYAMSUNDER BEHERA

SHYAMSUNDER BEHERA

Mumbai

Summary

Results-oriented CFO with over 15 years of experience in strategic financial planning, stakeholder engagement, and team leadership. Expertise in financial strategy, risk management, and capital optimization. Proven ability to enhance financial performance through accurate reporting, budget formulation, and variance analysis. Skilled in driving growth and profitability while improving internal processes and fostering key relationships across organizational levels.

Overview

20
20
years of professional experience

Work History

Group CFO

Banarly Group
Lagos
09.2023 - Current
  • Lead preparation and review of consolidated financial statements in compliance with IFRS.
  • Direct budgeting, forecasting, management reporting and strategic financial planning.
  • Manage treasury operations including cash flow forecasting, banking relationships, debt financing, trade finance and covenant monitoring.
  • Oversee tax compliance including CIT, VAT, FIRS audits and regulatory reviews.
  • Review month-end/year-end close processes, consolidation adjustments, tax provisioning and significant accounting treatments.
  • Implement internal controls, risk management and financial governance frameworks.
  • Supervise procurement and cost management to improve operational efficiency.
  • Manage import/export financial documentation, LC arrangements, IDEC approvals and related regulatory compliance.
  • Coordinate and support statutory audits, technical audit queries and audit resolution, banking compliance, insurance claims and stakeholder engagements.
  • Prepare and review management accounts and executive MIS, KPI reviews and financial decision support to management and Board.

Senior Manager Accounting

Clarivate India
Mumbai
08.2022 - 08.2023

Directing Month-end closing of Darts Entities (7 Entities) & MIS reporting

Led financial management initiatives, including budgeting, forecasting, GL review, and reconciliation.

Monitored financial consultants across India, Hong Kong, United States, Brazil, and Belgium for day-to-day accounting and tax activities, ensuring compliance and accuracy.

o Budgeting and Forecasting

o GL review & Reconciliation done on a regular basis

o Calculation of monthly Revenue & Deferred Revenue schedule

o Statutory Audit

o Capex Projects – Preparing the support for CWIP

o Flux Analysis

o Key Contact – Integration, Tax and Salesforce

Highlights:

Acknowledged for assisting the organization in enhancing overall collections and liquidity that reduced number of accounts receivable days from average 40 days to 15 days within a year

Actively participated in due diligence process

Group Controller

Darts Group
Brussels
12.2018 - 07.2022

📷 Directing Month-end closing of Darts Entities (7 Entities) & MIS reporting

📷 Led financial management initiatives, including budgeting, forecasting, GL review, and reconciliation.

Developed and managed annual budgeting and forecasting processes to align financial goals with organizational strategy.

📷 Monitored financial consultants across India, Hong Kong, United States, Brazil, and Belgium for day-to-day accounting and tax activities, ensuring compliance and accuracy.

Conducted regular general ledger reviews and reconciliations to ensure financial accuracy and compliance.

Calculated monthly revenue and deferred revenue schedules to ensure accurate financial reporting.

Executed detailed flux analysis to identify and explain variances in financial statements.

Conducted statutory audits to verify compliance with regulatory standards.

Managed Capex projects by preparing support documentation for CWIP.

📷 Acknowledged for assisting the organization in enhancing overall collections and liquidity that reduced the number of accounts receivable days from an average of 40 days to 15 days within a year

📷 Actively participated in due diligence process

Group Controller

Siat Group
Brussels
08.2015 - 12.2018
  • Ensured effective preparation of: Business Plans for debt proposals, Annual Budget & Forecast, NPV of different capex projects for the management
  • Actively participated in Due Diligence Process for buy back of Shares
  • Facilitated presentation of Consolidated Financial Results for the Group with flux analysis
  • Engaged in quarterly visits to Subsidiaries in Africa and Cambodia
  • Played a key role in Financial Due Diligence through which the group was able to raise 200 million Euros for Buy back of shares
  • Bagged appreciation from the group CFO for smoothly managing the Annual Budget function

Senior Project Controller

Hamon Shriram Cottrell Pvt. Ltd.
Mumbai
01.2012 - 07.2015
  • Highlight: Holds the merit of being nominated as a Key Contact for the Implementation of Finance Module of JD Edwards

Assistant Manager

Gopal Rao & Associates
10.2010 - 01.2012

Gopal Rao & Associates
12.2006 - 09.2010
  • Internship

Education

Chartered Accountancy -

The Institute of Chartered Accountants of India
01-2011

ICAN -

The Institute of Chartered Accountants of Nigeria
Lagos Nigeria

M.Com -

Mumbai University

Skills

  • Financial Planning & Analysis
  • MIS Reporting & Documentation
  • Internal Audit Management
  • Stakeholder management
  • Working Capital Management
  • Capital Project Management
  • Financial Due Diligence
  • Receivables and payables management
  • ERP or Integration Implementation
  • Organizational Leadership
  • Planner
  • ERP systems expertise
  • Advanced MS Office
  • Treasury management
  • Tax compliance
  • Budget forecasting
  • Financial reporting
  • Regulatory compliance
  • Team management
  • Stakeholder engagement
  • Problem solving

Internship

Gopal Rao & Associates, Not specified, 12/01/06, 09/01/10

Languages

English
Native
Native
Hindi
Proficient (C2)
C2
Marathi
Proficient (C2)
C2
French
Beginner (A1)
A1

Timeline

Group CFO

Banarly Group
09.2023 - Current

Senior Manager Accounting

Clarivate India
08.2022 - 08.2023

Group Controller

Darts Group
12.2018 - 07.2022

Group Controller

Siat Group
08.2015 - 12.2018

Senior Project Controller

Hamon Shriram Cottrell Pvt. Ltd.
01.2012 - 07.2015

Assistant Manager

Gopal Rao & Associates
10.2010 - 01.2012

Gopal Rao & Associates
12.2006 - 09.2010

Chartered Accountancy -

The Institute of Chartered Accountants of India

ICAN -

The Institute of Chartered Accountants of Nigeria

M.Com -

Mumbai University
SHYAMSUNDER BEHERA