Arvind Rai Email & Phone Number

Chicago, Illinois, Us

• Established global finance and controller functions and team. Managed treasury, risk management, taxation, and internal controls. Created and implemented company-wide processes, systems, SOPs, and controls to optimize efficiencies and to minimize risk and liabilities.• Guided IPO preparations. Collaborated regularly with bankers, external accountants and auditors, and consultants. Produced $3M annual interest savings through the redemption of preferred stock.• Responsible for financial statement preparation and compliance matters.o Directed the external audit of the entity financial statements, resolving numerous legacy matters, and delivering the first ever audited financial statements.o Oversaw the SOX compliance, internal control over financial reporting, and quarterly and annual audit reviews of financial statements.o Streamlined monthly and quarterly financial statement preparation and consolidation.• Spearheaded and teamed with executive stakeholders executing growth and operational improvement initiatives.o Generated over $5M in annual tax savings through an enterprise transfer pricing study, managed in partnership with Big Four consultants to devise global strategy, intercompany agreements, and governance structure.o Negotiated high value contracts to achieve $1.5M annual savings. Managed changes in service providers to ensure continuity in operations through transitions.o Simplified customer and vendor onboarding and servicing to elevate customer experience. Was a key participant in the launch of the eCommerce platform through Amazon, Walmart, Alibaba, Allegro, etc.o Introduced sales & use tax regime and governance framework from scratch for the U.S. business to prepare for expansion to B2C in addition to B2B.o Envisioned and introduced a global insurance/risk management program. Initiated customers’ credit (AR) insurance for the U.S. business.• Established new credit facilities in multiple jurisdictions to streamline working capital needs.

Chicago, Illinois, Us

L-1160 Luxembourg, Lu

• Acted as the principal creative strategist, heading the new decentralized Global Assurance function. Directed data analytics and KPI definition for tracking and compliance. Led and mentored a multi-discipline team of 21. Optimized internal controls and process efficiencies. Supported control design for all new process and system implementations.• Led initiatives to identify efficiencies, opportunities, and to reduce financial leakage.• Reduced $8M in ongoing losses across the U.S. and Canada, including recovering $2M+ in cash.• Employed a new application of data analytics, data mining, and robotic process automation to identify potential anomalies, overbilling, improper payments, and contractual non-compliance to generate $3.7M.• Saved the company $1.1M+ in travel expenses implementing new processes.

L-1160 Luxembourg, Lu

• Built cross-functional and multi-discipline forensics team of 15 for the Americas Region, encompassing the U.S., Canada, Mexico, Brazil, and Argentina. Incorporated complex project management, client engagement, and expertise in forensic accounting, fraud examination, digital and computer forensics, e-discovery, due diligence, background checks, data mining (SQL, ACL, PowerBI), and direct interviews.• Completed mission-critical financial statement reviews including $35M financial statement. Analysis and related initiatives resolved over $30M in issues in the U.S., Canada, Brazil, and Argentina. • Conducted 75+ procedural reviews annually. Presided over planning, investigation execution, analysis, research, transaction and document review, and interviews.• Recognized for generating 80%+ cost savings by coordinating investigation functions in-house, covering matters related to Foreign Corrupt Practices Act (FCPA), anti-trust, and environmental activities.

L-1160 Luxembourg, Lu

• Regional Head of Forensic Service responsible for Asia, Africa & CIS• Investigated fraud matters in China, India, Middle East, Russia, Ukraine, Kazakhstan, South Africa, Algeria, Liberia and many other countries in Asia and Africa.• Prevention by training key managers and employee of fraud awareness and prevention in their Units• Detection through whistle blower, internal audit and management• Investigation of all the fraud and all the serious suspicions occurred anywhere in the Group• Reporting on the results of investigations to Group Management Board and Audit Committee

L-1160 Luxembourg, Lu

Worldwide, Oo

• Hired to work on internal audit projects for clients, often managing teams of 2-3 qualified accountants.• Provided management assurance services and conducting various process review and control evaluation for assisting clients in strengthening the set internal control procedures.• Suggested various methodologies to develop and lay down systems of strong internal control.

Aca, Accountancy, Audit, Economics And Taxation

Cfe, Fraud Examination

Certified Information Systems Auditor (Cisa)

B.Com. (Hons), Accountancy, Audit, Economics And Taxation

Accountancy, Audit, Economics And Taxation