Subhash Balakrishnan

• As a Finance Business partner for Factory Real Estate cost collaborated closely with the Real estate operations team in Factory ensuring alignment between the financial strategy and business objectives.
• Managed monthly end close activities for Factory Real estate cost, including OPEX and CAPEX accruals, Variance analysis, asset capitalisation and handling of Purchase requisitions.
• Monthly Financial Performance Review of Factory real estate results function results with the Regional Finance controller and Factory real estate controller.
• Developed Annual Operating plan for the Factory real estate cost and prepared the cost charging model for the real estate cost.
• Handled FP&A for Real estate Function size of 385 million Euro.
• Analysed and reviewed Financial Performance of Global Real estate functions and provided insights on cost deviations with actionable insights to the leadership team.
• Evaluated risk and opportunities on quarterly basis and developed financial forecast for the Real estate Function.
• Coordinated with global teams and performed Bottoms ups Annual operating plan preparation for the real estate function and understand the target to manage stretch planning if any.
• Collaborated closely with peers from other departments and Implemented the Global cost recovery process for supporting function of global level for Philips sizing 2.2 billion Euro.
• Prepared the Annual Operating Plan for the Cost recovery process of Global Supporting functions and work with the head of the department to finalise on global alignment of the operating plan.
• Executed Internal Control testing for entrepreneur organization and handle External auditors on audit queries.
• Evaluated the new business flow requirement and ensure the execution of the same in technical landscape and support new technical migrations.
• Evaluated the EBIT results of all Internal organisations, to understand the impact of EBIT due to Transfer pricing and prepare and process the yearly Debit/Credit notes for intercompany transactions.

Achievements

• Implemented the new cost recovery process and built monitoring process post stabilisation used lean tools to identify the issues and take countermeasures to resolve the issues.
• Developed an Open PO dashboard using Power BI platform which Provides insights on Open PO for supporting functions on monthly basis.
• Designed, developed and implemented Standardised Forecasting templates for supporting functions for uniformity in review of results.
• Automated monthly cost recovery Process using VBA reducing preparation time by 12 hours per month.
• Implemented the Cost recovery model for divested business.

• Owned and managed project / contract financials, working with project managers on revenue realisations and expenses ensuring actuals and accruals are booked booking on timely basis.
• Reviewed Contract P&L with Business segment leaders and Finance Business partners.
• Weekly flash report for revenue based on projected pipelines and understand the underlying risk on revenues if any involved.
• Forecast Contract related revenue and expenses on quarterly basis.
• Budget for Contract, based on available projects pipelines, and work with Business partners in understand additional Scope increase on services for the Planning year.
• Led a team of 2 analyst on interim basis.

• Prepare Monthly Business Profitability statement with explanation on variance against Budget / latest Forecast and decks for reviews by head of departments.
• Liaise with business on productivity initiatives, track and monitor the progress and review with head of finance.
• Analyse historical trend on Budget and Actuals spends and provide inputs to support budgeting process.
• Coordinate with Markets on Forecast inputs and prepare weekly forecast by product and by SBU.
• Supported Internal (Account) leadership with Billing and expenses analysis for the account and preparing operational review decks for Account lead.
• Coordinate with tower leads on weekly basis for new project and other business update and provide to Account head.
• Review and report Tower wise KPI, Head count analysis on attrition's and additions for the account.

Achievements

• Developed, Implemented, and tested Business Continuity Management for Account of 450 headcount.
• Simplified, standardised and automated business profitability statements reducing turnaround time by 24 hours.

• Design and Configured Order to Cash cycle & GRC Process control 2.5 tool.
• Design and test business controls through Process Control tool and analyse exceptions.
• Document Configuration, test scenarios and prepared training material for certification.
• Identified and analysed the Production issues and developed solutions or enhancements for client issues.
• Design, develop, test, and release customised reports meeting client’s requirements.

• Analysed monthly and quarterly business unit profitability and provide insights on variance drivers by business and for corporate reporting.
• Reported monthly pre close revenue and expense and post close variance analysis.
• Consolidated, reviewed, and validated the inputs from business units on budget and monthly forecast.

• As a Marketing Sales and Service Analyst, analysed dealer-wise / product-wise sales trend monthly to arrive Variable Marketing Offer on each product variant and ascertained the bottom-line impact of the offers monthly.
• Periodically reconciled balances for the all-Ford dealers across India.
• Uphold budgetary control over variable marketing expenditure and analyse variance against the budget for each vehicle line.
• Reviewed expense accounts pertaining to variable marketing during month-end, create provisions as required and prepared schedules for expense accounts explaining balances to comply with the Statutory Requirements.
• As a Finance Associate IT acted as a Single point of contact for legal requirements involving STPI and customs regulation for Shifting of STPI location. Coordinated with various internal and external parties to meet project requirements.
• Prepared monthly regulatory requirements for STPI.

Achievements

• Implemented Robust Process in effecting payments to dealers with swift turn-around time.
• Outsourced the payments post stabilizing the process reducing the TAT by 60%.

• Involved in preparation of Cost audit schedule.
• Incentive calculation for labour overtime, Invoice processing and payments for Transport vendors.