Ravi Narayanan Email & Phone Number

Tampa, Fl, Us

Tampa, Fl, Us

I am open to new opportunities. I can be reached through LinkedIn or at ravitnarayanan@hotmail.com.

Dunwoody, Georgia, Us

Recruited to be part of the Extended Leadership team and a key member of the Finance team, reporting to the CFO. Played pivotal role in several ongoing projects with specific focus on process improvements. Additional duties included participating in due diligence process and monthly reporting related to AR as a Team member, evaluated and selected a lender for large revolver facility, and assisted with business forecast and cash flow projections. Revamp Orders-to-Cash Process:► Identified and resolved process gaps for 70+ distribution centers for full cycle Accounts Receivable.► Established internal controls and training measures to enhance productivity and accuracy. ► Evaluated manual and time-consuming processes, introduced automation, reduced headcount, and reduced month-end close cycle significantly.► Coordinated revamping operating procedures by revising SOPs.► Redeveloped credit evaluation process to establish credit limits for existing and new customers. ► Streamlined reporting package for AR.Functional Oversight: Accounts Receivable and Accounts Payable:► Established metrics and KPIs to provide clarity and improved visibility on the AR.► Implemented weekly and monthly AR reports to enable better control of ageing trends, improve status by channel, and facilitate faster collection process resulting in substantial reduction in total past due AR balance.► Negotiated favorable vendor terms and coordinated disbursement process enabling monthly multi-million dollar cash conservation for improved liquidity.Business Process Owner and Key Stakeholder – Automating Accounts Receivable process:► Led project focused on automating time-consuming manual functions including cash posting and cash application enhancing customer experience.► Customers allowed to self-service on applying open credits and having perpetual visibility.► Participated in RFP, ROI analysis, and implementation of Versa Pay system.

Chicago, Il, Us

White, Ga, Us

Led the Finance and Accounting department developing and establishing appropriate key performance indicators and strengthening internal controls and processes. Held P&L responsibility. Managed 7 FT and 8 PT employees. Served as a member of the Leadership Team reporting to CFO and CEO. ► After a successful turn-around and sale of Stein World, transitioned to lead the finance and accounting team of this rapidly growing home furnishing distributor. ► Initiated key projects reducing overall sales dilutions, improving gross margin, and accomplishing cost and expense reduction.► Analyzed and implemented controls to bring down sales dilutions by impacting gross margin positively.► Developed measures to monitor, control and improve cash flow resulting in increased availability significantly over 6 months.► Worked with Operations and achieved increase in rebate from major freight carriers reducing freight claims YOY.► Played key role improving reporting standards and steering accounting team to adopt proactive approach and align department goals with key management objectives.► Reduced year-end audit completion time substantially in 2017 and 2018 resulting in enhanced confidence level, credibility from lenders and reduced audit costs significantly.► Coordinated with lenders enhancing working capital line, reporting requirements, periodic audits, while managing insurance portfolio and renewals. ► Negotiated and realigned insurance policy premiums resulting in annual savings.► Developed annual business forecast and periodic cash flow forecasts as an effective tool to run the business successfully.► Worked closely with leadership team members addressing issues impacting growth and achieve long-term goals.

Memphis, Tn, Us

Reported to CEO and the Board with full P&L responsibilities including finance, accounting, credit, administration, and human resources. Responsible for strategic planning, cash management, coordination with lender on loan facilities and vendor management. Drove M&A process for the successful sale and transition to a private company. Managed 6FT and 2PT employees. ► Developed and implemented internal control procedures strengthening the cash and revenue cycle.► Negotiated favorable terms from Lender by enhancing cash flow from negative to positive for successful turnaround.► Eliminated offshore vendor programs that stipulated 20% advance towards inventory manufacture, enhancing liquidity.► Spearheaded forecasting process and achieved cost reduction vital for continued functioning of the business.► Streamlined credit policies, coordinated with sales force on issues critical towards strengthening gross and contribution margin.► Created controls in purchasing and inventory management aligning to revenue trend and effective working capital management.► Negotiated moratoriums and extensions on lease payments for 6-9 months easing cash availability to run operations.► Identified redundancies and created methodology for an automated process, reducing head count over 6 months with significant cost savings.► Reduced DSO in AR over 9 months and increased inventory turns through daily and weekly monitoring. ► Coordinated sale of company maximizing the value of the portfolio business for the stakeholders.► Established policies and procedures in Human Resources for effective hiring and retention of productive workforce and to develop human capital reducing costs.► Negotiated employee benefit costs achieving strong cost reduction, uniform coverage and administered benefit measures.

Senior Consultant Management Consulting for businesses and lenders on multi-million dollar turnaround projects. Industries served include Food, Distribution, Manufacturing, Construction, Healthcare, Aviation, Factoring. Served as interim CFO to streamline operations, achieve top line growth, and return to profitability. Assisted clients with cost control measures and reorganization process. Prepared cash flow projections to identify and address distressed situations. Negotiated with banks and lending institutions in bankruptcy and liquidation proceedings.Major engagements include:► Disposal and realization of collateral, including Fixed Assets, with objective of recovering outstanding loans from a borrower which achieved outstanding recovery of receivables and inventory.► Created Situation Analysis of a major food distributor including preparing 13-week cash flow projections which prevented borrower from going out of business.► Developed Situation Analysis and preparation of cash flow statements for a paper manufacturer and assisted in successful sale of business resulting in multi-million dollar total recovery of outstanding loans.► Represented lending institution for recovery of loans from a construction sub-contractor. Prepared rolling 26 weeks cash flow projections, coordinated operations re-structuring process, for positive turn around.► Built Situation Analysis of OEM manufacturer to evaluate restructuring and recovery of loans for a return to a positive EBITDA.► Served on Advisory Group for multi-million dollar lenders in outstanding loans in bankruptcy proceedings of business.► Led identifying and addressing cash flow issues at a health care professional group. Actively participated in daily operations, maintained liquidity until successful sale of business.► Developed Situation Analysis of Hospitals and Healthcare facilities suggesting measures for operational and financial improvement resulting in sustainability.

Provided leadership to identify alternate source of financing and to sell off the non-remunerative business units in Indiana and Texas, to focus on core business in Tampa. Responsible for holding company with investments in two subsidiaries in real estate and coatings. Managed $28M P&L and six direct reports. Served as a member of the leadership team. Reported to President with responsibility to the Board of Directors. ► Disposed of non-operating assets to reduce debt load by 40% and focus on profitable and core operations to strengthen balance sheet and bolster liquidity by achieving positive cash flow.► Managed Accounting, Finance, and HR Administrative functions for aluminum coil coating line including preparing annual operating plans and budgets, interim forecasts, and analyzed results.► Prepared periodic cash flow statements and key internal reports that served as vital tools to management and board.► Spearheaded comprehensive reporting process to achieve sales growth, cost reductions and increased gross margin.► Streamlined risk management functions and achieved premium reductions.► Negotiated and refinanced several commercial and asset-based loans including forbearance agreements with lender with a goal to sustain until sale of business.► Identified potential buyers for business with a view to maximize value for stakeholders.► Coordinated liquidation process with court appointed receiver.

Chartered Accountant (Certified Public Accountant-Cpa Equivalent), Finance / Accounting

Bachelor Of Commerce, Finance And Accounting, (Bachelor Of Arts, Finance And Accounting Equivalent)