RATHNAVEL S
Chennai
Summary
Fnance professional with experience as a Cost and Management Accountant. Skilled in enhancing financial performance through deal structuring, statutory compliance, MIS reporting, contract management, financial planning, and operational reporting. Proven expertise in advising business leaders and optimizing resource usage to drive business improvement.
Overview
22
22
years of professional experience
Work History
Director Finance
Virtusa Limited
09.2013 - 11.2024
- Managed budgeting, margin planning, cost management, variance analysis, capacity planning, revenue walk, and margin walk preparation.
- Handled invoicing, revenue recognition, and collections from customers.
- Strategic deal reviews, sold margin analysis, bid vs did.
- Identifying variance between bid and did and collaborated with business team to reduce high adverse variances.
- Implemented project lifecycle sold vs actual , Proactively worked with delivery team to align actual margin with sold margin.
- Actual analysis, project to-date reporting, and identifying actionable items for improvement.
- Collaborated with the Everest Group and internal stakeholders to compare Virtusa customer rates with market rates and addressed gaps in customer rates.
- Transitioned from spreadsheet-based pricing to an automated tool-based pricing system, resulting in significant time savings in deal preparation and approval.
- Collaborated with multiple teams for integration of pricing process of acquired companies
- Revisited approval process based on business requirement and business environment
- Worked with top management for longer term planning and strategies.
- Member from finance team to evaluate potential opportunities for investment in emerging technologies.
- Member for finance team to participate in due diligence process for take over and acquisition.
Senior Manager
Techno soft Corporation Ltd
01.2013 - 09.2013
- MIS reporting, SOW and Contract review, Pricing and Capex planning
Manager
Sophia Steria India Limited
05.2011 - 09.2012
- Improved accuracy in Pricing of projects which resulted in reduction of TAT for approvals from Client
- Reduced average debtors period form 30 days to 24 days, Resulted in improved cash flows
- Aggressive follow-up with internal teams and Client resulted in reduction of turnaround time for collections
- Resulted in improved cash flow of 2.5 million € for Steria per month
- Designed a MIS report for Management including non-financial heads
- Revisited the existing report, included all operational parameters apart from financial information
- Designed key events and obligations log for better contract management
Deputy Manager
TECH MAHINDRA
10.2010 - 04.2011
- Single point of contact for business finance
- Responsible for invoicing, collection from customers
- Reduced invoicing errors also initiated process for uploading invoices in customer portal
- Ensured timely payments to all Sub Contractors
- Received meritorious rating and part of team which facilitated the restatement of accounts
- Developed various scenarios for large deal pricing, which resulted in deal wins as well as renewal of contract from customers
Manager – Business Finance
Sify Technologies Ltd
12.2009 - 05.2010
- Pricing of Large Deals valuing more than INR 500 Crore
- Revenue Recognition from large projects
- Prepare Cost and Profitability workings
- Cash flow statements for business units
- Prepare budgets of business unit
- Prepare MIS Reports
- Publishing of operational metrics
Assistant Manager – Accounts Payable & Internal Control
Ford Business Services Centre Ltd
11.2004 - 11.2007
- Made Process improvements with statistical sampling methods which resulted in head count reduction
- Identified lapses in Accounts Payables Process and implemented corrective action and installed sufficient controls
- Initiated VAT Reclaim process in the company resulting in a recurring savings of 1.5 million INR annually
- Received Employee Excellence Award from Managing Director
Executive – Cost
Tractors and Farm Equipment Ltd
05.2003 - 11.2004
- Supplier account reconciliation
- Accounting of retrospective price adjustment Invoices
- Calculation and accounting of month end provision
- Tractor pricing and Spare parts pricing
- Preparation of various reports including variance analysis reports, cost comparison reports, MIS reports, Tractor model wise profitability reports
- Assist in preparation of statutory audit and cost audit
Education
Master of commerce and Master of finance control -
Madurai Kamaraj University
Ph.D. - FIANANCE AND MANAGEMENT ACCOUNTING
CHARTED INSTITUTE OF MANAGEMENT ACCOUNTANTS
LONDON. U.K06-2014
Member of ICWAI -
01.2001
Skills
- Pricing Large deals and renewal deals
- Financial Planning & Analysis
- Accounts Payable
- Accounts Receivable
- Collection from Customers
- Contract Management
- MIS Reporting
- Pricing tool development
Timeline
Director Finance
Virtusa Limited
09.2013 - 11.2024
Senior Manager
Techno soft Corporation Ltd
01.2013 - 09.2013
Manager
Sophia Steria India Limited
05.2011 - 09.2012
Deputy Manager
TECH MAHINDRA
10.2010 - 04.2011
Manager – Business Finance
Sify Technologies Ltd
12.2009 - 05.2010
Assistant Manager – Accounts Payable & Internal Control
Ford Business Services Centre Ltd
11.2004 - 11.2007
Executive – Cost
Tractors and Farm Equipment Ltd
05.2003 - 11.2004
Member of ICWAI -
Master of commerce and Master of finance control -
Madurai Kamaraj University
Ph.D. - FIANANCE AND MANAGEMENT ACCOUNTING
CHARTED INSTITUTE OF MANAGEMENT ACCOUNTANTS
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