Venkatarathnam R
Senior Operations Manager - Finance & Accounting
Bangalore
Summary
Seasoned and results-oriented Finance & Accounting Senior Manager with over 20 years of experience in SAP FICO, seeking to leverage a proven track record in team leadership, process improvement, and stakeholder management within the Accounting industry. Expertise in financial reporting, month-end close, and regulatory compliance, combined with a strategic and analytical mindset, ensures adherence to best practices while driving growth and efficiency for sustained success. Proven ability to lead large teams, optimize financial processes, and ensure regulatory compliance. Diligent [Desired Position] with proven track record in optimizing operational efficiencies and leading cross-functional teams to success. Successfully implemented key process improvements that enhanced productivity and reduced costs. Demonstrated excellence in strategic planning and resource management. Proactive and goal-oriented professional with excellent time management and problem-solving skills. Known for reliability and adaptability, with swift capacity to learn and apply new skills. Committed to leveraging these qualities to drive team success and contribute to organizational growth. Operations professional with comprehensive background in streamlining processes and driving operational excellence. Known for fostering collaborative team environment and consistently achieving organizational objectives. Reliable and adaptable, bringing strong analytical and problem-solving skills to table. Experienced operations professional skilled in optimizing workflows and driving efficiency. Strong focus on team collaboration and achieving measurable results, adaptable to changing needs and environments. Expertise in strategic planning, process improvement, and resource management. Known for reliability and effective leadership in high-pressure situations.
Overview
26
26
years of professional experience
1
1
Certification
5
5
Languages
Work History
Senior Operations Manager - Finance & Accounting
Infosys BPM Limited
10.2015 - Current
- Oversaw team management, process improvement initiatives, stakeholder management, and ensured compliance with financial regulations and internal control procedures.
- Led a team of 150 finance professionals, overseeing Record to Report, Fixed Assets, Month-End Closing, and Income Tax Verification, ensuring accurate and timely financial reporting.
- Managed the migration of the Income Tax Verification process, involving a team of 25, ensuring a seamless transition and maintaining operational efficiency.
- Developed and implemented capacity models for key financial processes, including ITVR, Purchase Order Processing, and Travel Accounting, optimizing resource allocation.
- Oversaw the transition and stabilization of a UK-based retail client's Procure-to-Pay and Record-to-Report processes, effectively managing a 100-person team and ensuring compliance.
- Managed a team of 120 finance professionals responsible for Record-to-Report activities for the EMEA region, focusing on timely and accurate month-end closing, fixed asset accounting, and balance sheet reconciliation, ensuring regulatory compliance.
Team Manager
Capgemini Business Services India Limited
12.2011 - 10.2015
- Responsible for team leadership, performance management, process optimization, stakeholder communication, and ensuring compliance with internal controls and regulatory requirements.
- Managed a team of 89 finance professionals responsible for Record-to-Report (R2R) activities for a global third-party manufacturing client, ensuring accurate financial reporting.
- Oversaw R2R teams supporting clients across APAC regions, ensuring seamless financial reporting and analysis and adherence to best practices.
- Managed critical financial processes, including Intercompany Reconciliations, Funding & Forecasting, Accruals, Allocations & Prepayments, Month-End Closing, Fixed Assets Accounting, Statutory Reporting, Regulatory Reporting, and Balance Sheet Reconciliations, ensuring accuracy and compliance.
- Led R2R activities for a global third-party media & entertainment client, focusing on the EMEA region, including countries like Germany, Switzerland, Austria, France, Belgium, and the Netherlands.
- Successfully transitioned retail client processes from the EMEA region and manufacturing client processes from Australia & New Zealand, improving efficiency and ensuring a seamless transition.
Assistant Team Manager
Shell India Markets Private Limited
06.2009 - 11.2011
- Responsible for team management, process documentation, stakeholder communication, ensuring compliance with internal controls, and contributing to the efficiency and accuracy of the Fixed Assets accounting function.
- Managed a team of 20 finance professionals responsible for Capital Assets Accounting for Shell Upstream Americas, covering operations in the US, Canada, and Brazil.
- Successfully migrated the Capital Assets Accounting process from US, Canada, and Brazil to the Chennai Shared Services Centre, ensuring a seamless transition and knowledge transfer, enhancing efficiency.
- Migrated the Downstream India Fixed Assets team from a legacy system to SAP, ensuring a smooth transition and data integrity, improving reporting accuracy.
- Acted as a subject matter expert and point of contact for all Fixed Assets-related inquiries, providing timely and accurate guidance to stakeholders, enhancing stakeholder satisfaction.
Lead - Finance & Accounting
IBM India Private Limited
02.2005 - 05.2009
- Managed Fixed Assets Additions, Disposals, Transfers, Depreciation, Reconciliation, and reporting. Managed Accounts Payable and Accounts Receivable activities, performed Month-End Closing activities, including Depreciation Fluctuation Analysis, ensuring accuracy and compliance.
- Progressed to a leadership role, demonstrating strong performance and a commitment to professional growth.
- Successfully migrated the Fixed Assets process from multiple EMEA countries to a centralized location in Bangalore, improving efficiency and standardization.
- Served as the single point of contact for a major global oil & energy client, ensuring seamless communication and stakeholder management, enhancing client satisfaction.
- Managed a team of 10 finance professionals supporting Fixed Assets activities for the EMEA region, fostering teamwork and collaboration, improving team performance.
- Played a key role in User Acceptance Testing (UAT) for SAP migrations, ensuring a smooth transition and system functionality, minimizing disruptions.
Manager - Internal Audit
Vivek Group of Hotels
08.2004 - 02.2005
- Responsible for overseeing daily financial operations, preparing management reports, and conducting internal audits to ensure compliance with financial regulations and best practices.
- Supervised daily financial transactions, ensuring accuracy and compliance with internal controls, minimizing risks.
- Generated Management Information reports to provide insights into financial performance and support decision-making by senior management, improving strategic planning.
Accounting Supervisor
Chethana Book House
03.2002 - 07.2004
- Managed day-to-day accounting operations, preparing financial statements, and ensuring compliance with accounting principles, ensuring accuracy and timeliness.
- Oversaw all finance and accounting functions, ensuring accuracy, timeliness, and compliance with relevant regulations, minimizing compliance risks.
- Prepared accurate and timely financial statements for internal and external stakeholders, improving transparency and stakeholder confidence.
Audit Assistant
Hariharan & Company
08.1999 - 12.2001
- Planned, executed, and reported on financial audits, ensuring compliance with accounting standards, and identifying potential financial risks, minimizing financial losses.
- Led audit teams for medium and large-scale companies, ensuring the effective execution of audit procedures in accordance with professional standards, enhancing audit quality.
- Organized and conducted pre-audit discussions with clients to understand their businesses, identify key risks, and develop tailored audit programs, improving audit effectiveness.
- Drafted Audit Reports and Director Reports, providing summaries of audit findings and recommendations, improving communication and stakeholder understanding.
Education
Master of Accountancy - undefined
Kuvempu University
Shimoga, KA01.2015
Bachelor of Commerce - undefined
University of Mysore
Mysore, KA01.1996
Skills
Accounting principles
Certification
Lean Six Sigma - Green Belt
Accomplishments
- Successfully migrated the Income Tax Verification process from Bangalore to Mysore Location with a team of 25 people, improving operational efficiency.
- Developed capacity models for ITVR, PO Purchase Process, Travel Accounting Process and successfully released 25 FTEs as part of excessive resources release for optimum usage of resources within the team, reducing operational costs.
- Maintained an annual attrition rate of 15% against the organization standard of 20%, improving team stability and reducing hiring costs.
- Implemented factory model/systematic approach to the key stroke level activities thereby providing a savings of 9 resources amounting to $81000, improving efficiency and reducing operational costs.
- Automated the HRA submission process in Income Tax and thereby provided a savings of 3 resources amounting to $27000, improving efficiency and reducing operational costs.
- Migrated a retail UK based client process from UK to India related to Procure to Pay and Record to Report, stabilized the process spanning to 100 resources, improving operational efficiency and reducing costs.
- Implemented an excel based automatic reconciliation tool in the absence of a reconciliation tool and provided soft savings of 10 resources, improving efficiency and reducing operational costs.
- Completed successful migration of process from sending business in US, Canada and Brazil to Chennai Shared Services Centre, improving operational efficiency.
- Completed Lean Six Sigma GB Certification, demonstrating commitment to process improvement and efficiency.
- Acted as SPOC for any Fixed Assets related queries for the Upstream Americas and Downstream India regions, enhancing stakeholder satisfaction.
- Acted as Train the Trainer for SAP Fixed Assets Module, enhancing team knowledge and skills.
- Migrated the Fixed Assets process from EMEA countries Netherlands, Belgium, Switzerland, Austria, France, Italy, Spain, Portugal & Germany, improving efficiency and standardization.
- Acted as Single Point of Contact for the world's 3rd largest Oil & Energy client, enhancing client satisfaction.
- Participated as a UAT for the SAP migrations from Legacy systems, ensuring a smooth transition and system functionality.
- Received Best Performer, Star of the Month, Top Talent, thank you awards during the whole tenure with IBM, demonstrating consistent high performance.
Awards
- Best Performer
- Star of the Month
- Top Talent
- Thank You
Timeline
Senior Operations Manager - Finance & Accounting
Infosys BPM Limited
10.2015 - Current
Team Manager
Capgemini Business Services India Limited
12.2011 - 10.2015
Assistant Team Manager
Shell India Markets Private Limited
06.2009 - 11.2011
Lead - Finance & Accounting
IBM India Private Limited
02.2005 - 05.2009
Manager - Internal Audit
Vivek Group of Hotels
08.2004 - 02.2005
Accounting Supervisor
Chethana Book House
03.2002 - 07.2004
Audit Assistant
Hariharan & Company
08.1999 - 12.2001
Master of Accountancy - undefined
Kuvempu University
Bachelor of Commerce - undefined
University of Mysore