Rahul John Varghese
Senior Finance Analyst
Hyderabad
Summary
Proactive, result focused professional with more than 15 Years of experience within Financial Planning and analysis, Profit Modelling, Profit analysis and Management Reporting, Business Planning, Variance analysis, Strategic Planning, Analytics, Mentoring and Leading Multinational Teams. Proven leadership and business communication skills
Overview
19
19
years of professional experience
Work History
Deputy Manager (FBS India Cost Controller)
Ford Motor Company
04.2022 - Current
- Business Plan, Forecast & Actuals – Profit consolidation and corporate reporting
- India Budget control incl. YoY efficiency targets measurement
- Manage the FBS income statement - ensure effective revenue management including timely/ robust billing and cost management.
- Effectively coordinate Hourly, CoE and Lumpsum billing models for all the skill teams
- Skill Team lead for Finance, Accounting, Credit, GDI&A, GAO and Finance partner for Ford Land, HR, IT, OTC
- Challenge the cost line items – personnel overheads, maintenance, travel, training etc and drive YoY efficiency across skill teams
- Manage Enterprise Review agenda, Co-ordinate with all skill teams on adhoc requests from FBS Leadership
Senior Financial Analyst
Ford Motor Private Limited
03.2007 - 04.2024
- Provided valuable insights by leading monthly variance analysis reviews between actual results and budget/forecast expectations.
- Improved budget forecasting through meticulous monitoring of expenses and revenue streams.
- Increased financial accuracy by conducting in-depth analyses of financial data and trends.
- Facilitated accurate expense tracking through diligent maintenance of general ledger accounts and reconciliations.
- Developed comprehensive financial models that informed strategic decision-making for the organization.
- Collaborated with cross-functional teams to drive process improvements and increase operational efficiency.
- Ensured compliance with regulatory requirements through diligent review of financial documents and reports.
- Maximized company resources by performing ad-hoc analyses supporting cost reduction initiatives across departments.
- Streamlined financial reporting processes, resulting in more efficient delivery of critical information to stakeholders.
Deputy Manager (Product Finance Analysis & Cost Control)
Ford Motor Company
07.2018 - 03.2022
- Provide cost control and change management oversight for the future program between Post Program Approval & Launch including presentation of financial status and variances to the Chief Program Engineer
- Lead for coordination with Design & Release Engineers and buyers on changes having Cost Implications and identify opportunities for Cost Saving with an assigned Delegation of authority to approve an incremental Piece cost of USD 2.0 per change request (Approx. USD 0.1 Mils. Bottom line impact / Annum).
- Reduced the Tooling Investments for the Program by USD 12.5 Mils as against the target, by analyzing uncommitted funding and aligning stakeholders to agree upon the reduced funding
- Ensured that the assigned Tasks and Roadmaps for Cost and Investments are achieved in specific timeframes and at each Vehicle Launch Milestones while exceeding the targets on multiple occasions
- Consolidate the Cost Change walks for each product in the Business Plan, while providing explanations for the changes driven by Raw Materials, Economics and Exchange for Vehicle Tophat and Platform
- Reduced the FTE requirement by half headcount by leveraging the Robotic Process Automation for Post Program Approval Cost Tracking and Change Control process.
- Leading a team of four Finance analysts for North America, Europe and China Business Units.
Supervisor (Product Profit Modelling & Analysis Finance)
Ford Motor Company
12.2014 - 06.2018
- Developed the Profit Model for the Forward Year Vehicles in Middle East & Africa aligned to the Global PD Profit Guidelines and unique ME&A management requirements.
- Prepared Program Financial Slides for Management Reporting for 7 major vehicle programs.
- In depth analysis of the causal factors driving the variances for Business Plan. Preparations of strategic reports for management about the company performance based on vehicle line, markets and functions to facilitate decision making.
- Reporting of the Year over Year and Plan to Plan variances for Business Plan along with Management commentary explaining the Physics driving the changes.
- Led Multiple Strategic priorities, reviewed at Global Profit Managers Meeting to successful completion
- Developed Global PD Profits SharePoint and MEA PD Profits SharePoint.
Analyst (Project Control and Property Accounting)
Ford Motor Company
09.2009 - 12.2014
- Travelled to United Kingdom to establish European Property Accounting Activities in India.
- Developed European Transformation Plan Review which is a flux to monitor the income statement impact of the Europe Better Plan.
- Developed Manual Reserves Page which is a monthly flux for D&A using custom SAP reports to monitor accuracy in manual processes performed by Europe Team. This flux analysis highlights the Balance Sheet and Income Statement movement along with reasons of various asset categories and journals created by Europe Team. At month close these are reviewed with senior management.
- Certified with "6-Sigma Yellow Belt" for Q1 2012 for the Standardization of the Manual Reserves Page.
- Awarded with "Kaizen Project" for Q2 2011 for Improving the Tooling Commitment Overlay Schedule.
- Awarded with "Employee Excellence" for Q1 2010 for closure of a minor Operation Identified Comment by implementing necessary control measures in SAP.
Senior Team Member (Receivables Accounting)
Ford Motor Company
03.2007 - 08.2009
- Monthly Issue to issue variance analysis of Outside Receivables with in-depth explanation of reasons for variance.
- Certified with "6-Sigma Yellow Belt" for Q2 2009 for project on reduction in value of Past Due Receivables greater than 30 days. Established the process which connects North American Payables, Transfer Pricing Team and the Material Cost Analysis Teams with North American Receivables. The detailed process with Precious Group Metal and Customer Material Order customers was analyzed which helped in resolving several issues at root level and thereby establishing a streamlined process.
- Awarded with "Employee Excellence" and "Kaizen Project" for Q4 2008 for improving the Process for Collection of High Value Invoices.
Education
PGDBA - Finance
Symbiosis Centre for Distance Learning
01-2016
B.Com - undefined
Mahatma Gandhi University
01-2003
Class XII - undefined
ISC
01-2002
Class X - undefined
ICSE
01-2000
Skills
- Significant experience and expertise on multiple Mainframe and Web based internal Applications
Cost analysis and savings
Task delegation
Process and procedure development
Conflict resolution expertise
Team leadership
Financial management
Budgeting and finance
Verbal and written communication
Timeline
Deputy Manager (FBS India Cost Controller)
Ford Motor Company
04.2022 - Current
Deputy Manager (Product Finance Analysis & Cost Control)
Ford Motor Company
07.2018 - 03.2022
Supervisor (Product Profit Modelling & Analysis Finance)
Ford Motor Company
12.2014 - 06.2018
Analyst (Project Control and Property Accounting)
Ford Motor Company
09.2009 - 12.2014
Senior Financial Analyst
Ford Motor Private Limited
03.2007 - 04.2024
Senior Team Member (Receivables Accounting)
Ford Motor Company
03.2007 - 08.2009
B.Com - undefined
Mahatma Gandhi University
Class XII - undefined
ISC
Class X - undefined
ICSE
PGDBA - Finance
Symbiosis Centre for Distance Learning