Srinivas Rao BHV

Indian subsidiary of Eriez Group, USA.

Reporting directly to the Managing Director and Global CFO.

• Lead finance, accounting, treasury, taxation, compliance, audit, and business partnering functions.
• Manage and develop a six-member finance organization.
• Provide strategic financial leadership to executive management.
• Drive EBITDA performance monitoring and reporting.
• Support manufacturing operations across two production facilities.
• Lead finance transformation initiatives, and governance enhancements.
• Support global finance initiatives and cross-functional business projects.
• Built a USD 9.32 million funding proposal.
• Cleaned up 15 years of accounting legacy issues.
• Delivered ₹18 crores benefit through tax optimization and credit utilization.
• Reduced finance costs by ₹20 lakhs annually.
• Reorganized the complete finance department.
• Implemented Delegation of Authority, Finance Manual, SOPs, ERP, Payroll Outsourcing, Digital Banking, and Expense Management systems.
• Negotiated factory lease, generating ₹24 lakhs in annual savings.
• Reduced consultancy costs by ₹50 lakhs.
• Successfully led the statutory audit with minimal staffing.
• Secured MCA approval for the AGM extension.
• Avoided approximately ₹1 crore in penalties.
• Preserved tax refunds of approximately ₹25 lakhs.
• Global Transfer Pricing Project Leader
• Global Banking Partner Program Leader
• Global Supply Chain Transformation Leader

Held multiple finance leadership roles across:

• Profit Planning Finance.
• Marketing & Sales, Finance
• Program Finance.
• Supported pricing and profitability management for the enthusiast vehicle portfolio, generating approximately USD 15 billion in revenue.
• Led business planning, forecasting, and profitability analysis.
• Supported executive pricing decisions through competitive market analysis.
• Delivered over 1,000 annual productivity hours through automation initiatives.
• Led a successful transition of finance activities from the US, UK, and Germany to India.
• Recognized as Top Achiever in 2020, 2022, and 2023.
• Received the Asia-Pacific Recognition Award.

Key Contributions

• Budgeting and Forecasting
• Cash Flow Management
• Global Consolidation
• Project Finance
• Treasury Operations
• Working Capital Management
• Ind-AS and Korean GAAP Reporting.

Achievements

• Recognized as the Star Employee for reducing receivable cycles and resolving GST disputes for government projects.

Key Contributions

• Global Financial Reporting.
• Consolidation
• Manufacturing, Finance.
• Product Costing.
• Inventory Management.
• Budgeting
• Board Reporting.
• Profitability Analysis.

Key Contributions

• Commercial finance.
• Budgeting
• Compliance
• Operational Finance.
• Business Support.