Interim CFO of $350M+ Indian subsidiary of a global manufacturer, leading a team of 40+ personnel; overseeing cash management, cost accounting, financial and management reporting, direct and indirect taxes’ compliance and IT. Collaborated with country GM and functional leaders on working capital management, pricing decisions, capex evaluations, monthly business analyses and forecasts and updated the country’s long-term strategic business plan.
Managed a team of 15+ subsidiary controllers across Asia-Pacific to ensure US GAAP and SOX compliance, including identification and remediation of control deficiencies and preparing all 10-K/Q disclosures for the business unit.
Supervised finance function for China-based global sourcing operations.
Managed cross-functional global client service delivery for a NYSE listed audit client generating over $15M in annual fees, leading a team of 6 managers and 25+ staff, reporting to 4 engagement partners, interacting regularly with senior management and supporting Audit Committee reporting.
Presented 10-K/Q to Audit Committee for approval prior to S
CFO & Business Advisory
Partnered with business unit leader of an ailing product line to critically enable implementation of a new business model driven by customer-funded capex investment. As a result, investments of $250M+, generating $50M+ of EBIT annually, were made for the product line.
Explained drivers of volatility in earnings caused by executive compensation plans to CEO, CFO and other senior management personnel and assisted in amending the plans to mitigate EPS volatility.
Influenced independent directors of a subsidiary to approve a previously stalled tax strategy, improving net income of parent company by $3.5M+ annually.
Assisted in managing transfer pricing related income tax risks across Asia-Pacific in accordance with US tax strategy.
Negotiated a profit-sharing arrangement among internal profit centers to achieve $10M+ of annual tax savings.
Reviewed US operations of Indian manufacturer and guided client to actions saving $0.25 million annually.
Played key role in managing FX exposures impacting $1B+ of revenue during the global recession.
Teamed with treasury professionals to design a US GAAP compliant global FX risk management program.
Managed covenant compliance for $8B global debt-portfolio.
Supported capital market transactions and on-shore financing transactions by foreign subsidiaries.
Assisted communication of global business and financial strategy to credit rating agencies and lenders. Assisted 10-K/Q and earnings’ release disclosures on liquidity and capital structure.
Assisted functional leaders in the formulation and management of $40-50M regional overheads spend and implemented global processes to enable control over those costs.
Presented quarterly financials to Audit Committee of a NASDAQ listed global manufacturer.
US GAAP, SEC & SOX Compliance
Led entire external reporting processes for SEC registrants from preparation of consolidated financial statements, including statement of cash flows, drafts of 10-K/Q filings and assisting CEO, CFO and IR team prepare for quarterly investor calls discussing earnings.
Developed and implemented accounting policies for new US GAAP pronouncements such as fair value accounting for executive compensation, FX derivatives, acquisitions, divestitures and restructuring transactions, goodwill and other intangibles valuation, annual impairment testing, etc.
Led team to prepare proforma financials for $800M acquisition for S-3 filings & capital market transactions and coordinating with auditors for their issuance of comfort letters.
Completed purchase accounting and review of valuations for acquisitions.
In-charge of US GAAP non-routine transaction guidance for 2 global manufacturing corporations, including consultation with and approval from independent auditors.
Applied lean principles to reduce monthly book-closing time from end to start of the 4th work-day.
Wrote quarterly audit committee reports analyzing operational results, summarizing key accounting issues and estimates and reserves.
Oversaw SOX compliance across Asia-Pacific region and for all corporate functions (corporate accounting, treasury, tax, payroll, benefits and executive compensation, intercompany accounting).
Audited a $500+ million acquisition and several divestiture and restructuring transactions.
Designed, implemented and managed audits in accordance with US GAAP and PCAOB auditing standards.
Personnel Training & Development
Designed and delivered formal training programs to enhance US GAAP competency globally.
Mentored a senior staff associate from lowest to highest performance rating in just one year.
National training instructor at Big-4 public accounting firm.