Eashwar Kumar Email & Phone Number

Surrey

A leading Financial Service organisation specialized in Insurance products for Life, Medical, Income protection, Travel and other corporate Insurance, working partnership with blue-chip financial service groups to cover EMEA, US, Fareast, Dubai, Australia, India territories. Key Responsibilities: Manage month end process, preparation of monthly management accounts, yearend accounts and audit preparation based on UK GAAP. Present monthly and quarterly reports to the senior management including analysis of trend, margin, commissions share, variances and support with business review process. Responsible for the budgeting and forecasting (rolling) of expenditure and capital items and support the senior management with the strategy business planning process.Tracking costs and process allocations to various products and identify areas of cot saving and increasing profitability. As part of the project committee, represent finance, monitoring CAPEX and operational projects’ costs and challenging project expenses against budgets and forecasts.Comply with external and internal regulatory and statutory policies and procedures, i.e. FCA reportingManage multi-currency bank accounts, cash flow planning and administer appropriate banks’ signatory mandates. Manage part of the team members, allocate tasks and objectives, train and develop and review performance.Key achievements:Developed simplified process of monthly and quarterly reporting of products’ profitability analysis for presentation to the senior management.Developed efficient and automated international payment process with combination of setting up multiple Bank BACS system and validation process. Key involvement with the company projects, i.e. coordinate external consultants and senior management, test reports and analysis with the view to open up efficient use of Business Planning and decision support.

Light Water, Surrey (Mat Cover Contract)

A global Insurance group, working partnership with leading underwriters; Allianz PLC, DIC, Neuron LLC to cover EMEA, US, Middle East and Fareast territories to cover Corporates and individual clients. As a maternity cover I not only managed transactional accounting but also business partnering with functional managers and contributing to the company projects. Key Responsibilities: • Business support to Senior and Functional Managers with presenting monthly and quarterly reports, comparisons to the forecasts, variances analysis, commentary and help with tracking expenses against budgets and forecasts.• Comply with external and internal regulatory and statutory policies, procedures and reporting, i.e. FCA reporting• Monthly reporting includes analysis and commentary on commission share, margin, cost allocations, customers’ claims per product to CEO, senior management and underwriting partners. • Manage multi-currency bank accounts, cash flow forecast and administer appropriate banks’ signatory mandates. • Hands on with month end process, m/end journals, prepare monthly and quarterly management accounts and reports.• Manage day to day finance functions, VAT returns, taxation, customers’ claims, staff expense claims, credit card analysis. • B/S reconciliations, yearend process, compile audit files, prepare statutory accounts and assist with annual audit. • Manage team members, allocate tasks and objectives, train and develop, review performance, improve operational efficiency and process. Proactively driving efficiencies including seeking cross functional process solutions• Oversee all administration process of internal systems including Sage, admin system, upgrades and trouble shoot. • Participate on Company projects, i.e. Admin system enhancements, testing financial records and designing automated reports and templates.

The City, London (Fixed Term Contract)

Subcontract business accounting and consulting services for client companies including all round accounting, process improvements, statutory compliance, auditing, working capital management and arrangements of bank loans and overdrafts.Clients included; Retail, Whole sale, Hotel, Restaurants, Hospitality & Leisure, Property developers etc. Key Responsibilities: • Manage Clients’ in house accounting records, HMRC compliance, corporation tax returns, VAT returns, HMRC Inspections, Payroll processing, PSA, P11D returns etc • Ensure timely preparation of month-end, year-end accounting process, statutory accounts, consolidations and audit process for clients’ organisations. Also preparation of annual operating plans, budget, re-forecast, comparison of results to forests, variance analysis, customer profitability reviews and commentary reports for selective business clients. • Provide in-house financial control, P&L forecasting, budgeting, tracking and allocating costs for clients’ jobs.• Assist with cashflow forecasts, general treasury management, arrangements of bank borrowings; improve internal control policies and procedures.• Dealing with clients’ queries and troubleshoots, correspond to external parties; i.e. HMRC and assist with clients ‘billings.• Assist with ad-hoc software selection process, systems implementation, training, design financial reports and troubleshooting for selective clients businesses.Key achievements;  Participated as a full member of the team supported, become the trusted commercial finance business partner and single point of contact for respective clients. Accomplished track record with setting up financial processes for a number of start-up companies and developed accounting support services revenue generating opportunities for the Firm. Automated and standardizing book-keeping, financial analysis and accounting with accounting software and Excel skills, which also made interactive with the Audit process.

London, United Kingdom (Mat Cover Contract)

A leading US Media business operates through its worldwide operations including UK, Europe, Australia, Middle East and Asia. Based in UK office I reported to Finance Director, leading and managing finance functions, supported Commercial Director and the Operations teams with financial business support, financial evaluations and direction to improve business processes.Key responsibilities include but not limited to: •Responsible for accounts payable, receivables, expense ledgers, credit control, payment, stock control.•Lead Y/E process, statutory accounting with in US GAAP, conversion to UK GAAP and partial IFRS conversion. •Assist with long term business planning, preparation of budgeting and forecasting.•Ensure monthly intercompany recharges, monthly B/S reconciliation and reviews.•Management accounting, variance analysis and commentary reports.•Present weekly, monthly revenue flash reports together with forecast reviews and commentary.•Lead Y/E process, statutory accounting, audit files, dealt with SOX compliance and Internal and external audit process.•Act as key contact with banks, Insurance brokers and responsible for suppliers and customers credit lines.•Administrate payroll process, bonuses & commission calculations, Pension, PAYE, PSA returns and monthly reconciliations.•VAT returns, reclaim European VAT incurred and comply with HMRC requirements.•Manage and develop finance team of six members, conduct appraisals and training process.Key achievements: Administrate SUN, Vision, SAP application and support US corporate finance colleagues for developing reports and analysis.Accomplished earlier month closings as 3rd working day, cleared internal audit queries and O/S intercompany reconciliations.Assist GMS non finance colleagues to gain the best use of monthly and quarterly results and reviews. Developed multi currency cashflow forecasts and consolidation model, assist corporate treasury team, achieving efficient weekly cash management.

Harrow Weald (Fixed Term Contract)

My role was the central point of ownership for financial processes, information and intelligence within the business. Worked closely with the Project Managers, Business Support teams and senior management.As a global specialist in energy management with operations in EMEA countries, Schneider Electric offers integrated solutions across multiple market segments for Technology and IT managed services. My role was central point of ownership for developing financial processes, shared service team and coordinate information and intelligence within the business. Administrate Oracle accounting and reporting. Specific responsibilities will include:􀁸 Implement processes and governance frameworks to ensure the finance operation is as efficient and proactive as possible.􀁸 Responsible for monthly, quarterly and annual accounting and reporting.􀁸 Revenue recognition for Technology & IT Managed services, matching WIP accounting and GP reviews.􀁸 MI reports including performance against KPIs and commercial intelligence to support strategic business decision making.􀁸 Implement and administer budgets(i.e. Capex & Opex) and expenditure, achieve cost savings and enhances bottom line profitability.􀁸 Ownership of customer and supplier credit lines􀁸 Building strong relations with the finance functions of shared service team and partners.􀁸 Overseeing team performance, day­‐to­‐day financial activities;AP, AR, Invoicing and PO processing􀁸 VAT returns, credit control, manage Fixed Assets register, Insurance cover Service contracts.Key achievements:  Developed shared service teams based Ireland, Phipines, India and Europe.  Developed “Quality Circle team” to assist with project process control. Streamlined compliance of ISO 9001 quality control of the business process.  Coordinated the new chart of accounts and enhancement of management reporting system.

Central London (Mat Cover Contract)

A leading NFP organisation, manage various service programmes including Health, Educational and Leadership programmes based in UK and overseas countries. Reporting to CFO and Board of Trustees. Key responsibilities and achievements:  Line managed and developed finance team members for the day to day transactional activities and compliance with internal controls. Worked closely with Programme Mangers; assisted with annual core & programme budgets and quarterly re-forecasting processes. Developed management accounting process and month end reporting, presented to SMT and Programme Managers. Consolidated statutory accounts and coordinated annual audits process for the parent and group entities. Developed funds analysis models with Vision tool, coordinated grant payments to respective programmes, based on multi currency cashflow forecasting models and Investment planning and divestment of £40m as part of the risk management programme. Developed multi currency cashflow forecast model, managed $30m assets investments, dealt with currency exposure including forward hedging to neutralize FX Gains/losses. Dealt with various outstanding Gift Aid claims.  Successfully rolled out financial systems and accounting procedures to the subsidiaries with in the group. Assisted CFO with financial models, ad hoc management reports, risks measures, events management, performance evaluations etc.

London, United Kingdom

A leading logistic and transport SME group with clients’ portfolio includes Lehman Brothers, BBC, Merrill lynch etc. Responsible for day to day financial management of team of six; payables, receivables, credit control, invoice discounting and collateral cashflow management, overall payments to suppliers, first point of contact with banks, auditors, Commercial Director and team. Business took significant impact when Lehman Brothers customer went in to administration around 3rd quarter of 2008. Key responsibilities and achievements:Reporting to FD and taking responsibility of line managing a team of six finance staff and lead the group finance function.Assist Commercial Director with assessment of business proposals, post completion contract reviews, driving pricing initiatives, financial analysis including trends, margins and KPIs.Support FD with group ad -hoc projects evaluation, management and coordination with external and internal parties, review and update compliance of internal controls, accounting procedures and policies.Restructured credit control functions with the aid of weekly collection targets and improved process, achieved timely collections and reduced average debtor days for key customers.

London, United Kingdom

An International Airline operated through its worldwide sales centres, code share business partners. Promoted as a Financial Controller and took responsibility of providing financial business support and divisional reporting to Operations and Head office management; Key responsibilities and achievements:Ensure all team members (16) have a clear understanding of their objectives how they fit into the overall departmental and organisational strategy.Ensure accuracy of monthly reports and revenue management through ticket offices and agents, i.e. GSAs, PSAs, IATA, CASS authorities. Analyse and investigate sales trends, profitability and variances to support with decision making. Key involvement with major Change Management; Restructure, migration to Oracle financial and business suit implementation and e-ticketing platform. Dealt with company pension scheme, HR and IT development projects, company Insurance cover and health and safety matters.Major cost savings through negotiation with supplier contracts; i.e. crew hotel accommodation, catering supplies, energy supplies, non-domestic rates appeals etc.Capital Project management; passenger premium lounge, ticket offices in UK airports, office move and disposal of premises in Albemarle Street, W1, achieved significant cost savings.

Interval International Ltd ( Management Accountant / Finance Manager; 6 years 2 months)

Cima (Acma), Financial Management And Accounting, First Time Passes

CIMA (ACMA - Associated Chartered Institute of Management Accountant), obtained relevant post graduate experience after completion of CIMA.

Financial Management And Marketing, Corporate Finance, Accounting And Marketing, Diploma

A Levels, Science And Mathematics