Kumar Balakrishnan Email & Phone Number

Bengaluru Area, India

General Manager - Finance Compliance from June 2015. With the recent changes in the Indian Accounting Standards and Companies Act, there was an urgent need to focus on getting the changes like IFC (Internal Financial Controls) implemented working with various stake holders. With my deep knowledge and passion for process improvement I would help drive IFC.

Bengaluru Area, India

• GENERAL MANAGER – CORPORATE ACCOUNTING Responsible for providing leadership and guidance on day to day financial reporting for 3M India (Rs 2000 crores) and 3M E&C (Rs.156 crores). I report to the Chief Financial.
• Implemented the revised travel policies and employee expense claims to meet the controls ad compliance objectives
• Ensured process stability and productivity at outsourcing through regular training, weekly calls and dashboards
• Developed policies and practices to strengthen the compliance environment in the organization through self-assessment checklist and quarterly Sox testing
• Decentralized the existing leasing operations for IT equipment which resulted in tremendous cost savings (Rs4.5 Million) on transportation, insurance and service tax benefits
• Improved efficiency and reduced audit cycle time through regular meetings, daily dashboards and timely resolution of outstanding issues

Bengaluru Area, India

• GENERAL MANAGER – INTERNAL AUDIT Jan 11 – Apr 14Responsible for conducting the Financial & Operational Internal Audit and Controls functions for the two legal entities in India (3M India Limited and 3M Electro &.
• Conducted training workshops and gave coaching on internal controls, hygiene of financial reporting and compliance requirements
• Made presentations to the leadership team with examples on control gaps in employee expense claims
• Conducted an investigation audit on a fraud made by a contract employee on the accounts payable process and got appreciation from Global security for the complete and detailed investigation
• Conducted investigation on business conduct practices and ethical behavior of certain employees based on business head requests and played a key role in the termination of a few employees for their willful acts
• Conducted regular trainings on internal controls, compliance and ethical practices to business groups and also acted as trusted business partner to provide advice and guidance on financial and control related queries

Chennai Area, India, Bangalore Area, India

See detailed job experience below

Bengaluru Area, India

• I was the Country Audit Manager responsible for conducting the Financial & Operational Internal Audit and Controls functions for the four legal entities in India – Caterpillar India Private Limited-Power System.
• Supervised Corporate Audit Asia staff members in developing a new revenue cycle audit program for use globally. This program received appreciation from US and Europe
• Significant efforts were put into improving the quality and timeliness of audit reports
• Participated in cross country audits in USA, Mexico and South Africa and won appreciation from global audit managers
• Displayed a strong command of Caterpillar’s teamwork value by providing help to regional team members on various projects

Bengaluru Area, India

• INTERNAL CONTROL CO-ORDINATOR (ICC) April 05 – April 07Caterpillar – Asia Pacific RegionI was responsible for providing leadership and clear visibility on Sox compliance across Asia Pacific region – a large.
• 50+ on-site and off-site SOX trainings covering Caterpillar facilities in India, Singapore, Australia and China
• Helped Asia Pacific region achieve 100% SOX compliance for three consecutive years – 2005, 2006 and 2007 during my stint as ICC
• Facilitated PwC audits at Singapore and helped in timely closure of audit issues
• Unique distinction of representing Asia in the 2007 ICC steering committee to help guide 2007 Sox processes
• Helped reduce the number of SAD (Summary of Aggregated Deficiencies) issues to less than 5.

Bengaluru Area, India

SENIOR MANAGER – Corporate Accounting Sep 01 – April 05Caterpillar India Private LimitedI was in charge of the Legal entity and Profit Center reporting for the Caterpillar India entity. I managed a team of supervisors and management personnel and their related workload. I set expectations for the team and prioritized works and projects. I analyzed staff.

Thiruvarur Area, India

ASSISTANT MANAGER – Financial Reporting and Budgeting Jan 00 – Aug 01Hindustan Motors Limited (Earthmoving Equipment Division, Thiruvallur (A Birla Group Company)/ (Caterpillar India Private Limited (CIPL – Machine Division).The primary business activity of the Earthmoving Equipment Division (EED) included manufacturing and sale of heavy earth moving.

Thiruvarur Area, India

SENIOR ACCOUNTS OFFICER – In charge of Financial Reporting and Budgeting. Jan 96 – Dec 99Hindustan Motors Limited (Earthmoving Equipment Division, Thiruvallur (A Birla Group Company)I was responsible for the preparation and compilation of monthly financials – Production and Sales statement, Balance Sheet, Financial Position, Profit & Loss Account, Cash.

Chennai

ASSISTANT MANAGER – Business Advisory Services Jun 1993 – Dec 1995Price Waterhouse, Chennai I specialized in internal audits, Business Advisory services and due diligence audits. I was responsible for drafting audit programs and internal control questionnaire for various audits. I performed statutory audits and tax audits of several medium and high sized.

Bachelore Of Science ( Mathematics), Mathematics

Activities and Societies: NSS - National Service SchemesI have participated in NSS (National Service Schemes) programs in College and have.

Bachelor Of Mathematics At Loyola College ( Affiliated To Madras University), Mathematics, Physics And Chemistry, First Class With Distinction

I have participated in quizzes and science exhibitions during my school days and have won certificates of appreciation and merit