Kishore Sm

Kishore S M Curriculum Vitae

# 350/A, 10th Main, New 9th B Main, Near 50 Feet Main Road, Hanumanthanagar, Bangalore – 560019
Mob: + 91-98451-53859 | Res: + 91-99009-13620 | Email: smkishore@yahoo.com | http://in.linkedin.com/in/kishoresm
Areas of Interest Controllership, Company Secretary, Senior Management, Strategic Business Planning & Analysis, Decision Making, Head Finance, CFO

Objective A seasoned versatile resourceful Senior Corporate Finance professional offering progressive international experience in Controllership, Accounting, business planning, managerial analysis, financial leadership, worked on Corporate mergers & acquisitions, demergers, business integration, standardization & financial systems implementation. I have extensive experience of working with multi-cultural teams. I have build and established finance teams from scratch for multi-national organizations, and have experience of setting-up new STP, SEZ centers in India.Excel at identifying, developing, and implementing strategic priorities and tactical action plans that increase productivity, drive efficiencies, and reduce costs. Able to grasp the big picture, focus on critical details and prioritize multiple projects. Self-directed leader who can build and motivate high-performance teams and cultivate effective working relationships with all stakeholders. Recognized as a trusted advisor and business partner. Committed to adding value and exceeding expectations through collaborative problem solving, intuitive business judgment, and disciplined quick decision making abilities. As a professional I am creative and looking ahead to work in challenging environment and strive for excellence.

Specialties Controllership, Finance, Accounts, System Integrations, Company Secretary, Competitive analysis, Strategic Business Planning, FP&A, Decision Making, International Accounting, Consolidations and Financial Reporting, US GAAP, SOX, Six Sigma, Process Excellence and Reengineering, Transition of accounting systems from various countries to India and managing the same offshore, migrating financials from legacy systems to new ERP systems, ERP implementations, designing of accounting processes for P2P, O2C, R2R, banking modules and purchasing/procurement systems. Functional expert on various ERPs like Dynamics AX, SAP BPC, DeFacto, Infinium AS 400, Oracle, People Soft, JD Edwards etc.

Academics

Year of passing Course Name of the institution / university
Jun 2004 MBA Finance [PGDBA] Symbiosis Centre for Distance Learning, Pune
May 2002 Chartered Accountancy The Institute of Chartered Accountants of India
Jun 2001 Company Secretary The Institute of Company Secretaries of India
Apr 1996 Bachelor of Commerce Bangalore University

Technical Skill sets

Well versed in Computer applications such as MS Word, Excel, PowerPoint, Sharepoint, dbase, Accounting Packages such as Tally, QuickBooks, TAS Books, MS Money, Pay2Pro, JL-TDS, Delphi and working knowledge on IBM AS-400 Infinium, Outlook Soft (Everest Reports), SAP, Baan, JD Edwards, Dynamics AX, SAP BPC, DeFacto, Oracle, Replicon.

Work Experience:

1. Working as Head Finance at mSupply.com / Clearthink Software, Bangalore.

mSupply.com is a marketplace for construction, finishes, interiors and decor related products & materials. While constructing, renovating, refurbishing or redesigning our homes, offices etc., most of us have limited understanding about material cost, quality and quantity to be used. mSupply assist with every stage of your construction, interior, renovation and refurbishing related needs and providing you with transparency, pricing information, product variety and onsite fulfilment, essentially, mSupply helps you with expertise - what to buy, how much to buy, and when to buy. (Duration: Apr-15 onwards)

Key Responsibility Areas [KRA’s] Handled:

 End to end management of Series A funding with VCs and Attorneys
 Restructuring of Legal entities of Clearthink Software to mSupply Singapore and India
 Setup and Lead Marketplace Accounting, Corporate Accounting, Treasury, Finance, FPA, Tax, Facilities, administration, Procurement and Legal teams with 15+ people
 Setup and administered ESOP Singapore Plan to Indian employees
 Setup and operationalized 6 cities with physical offices, infrastructure, registrations, people
 Risk management setup including D&O, E&O, Property, CGL insurance policies.
 Setup HR benefits programs for employees including salary structuring
 Setup and managed regulatory compliance for ecommerce marketplace governed by RBI for FDI and DIPP compliance
 Kickoff SAP FICO/MM implementation

2. Worked as Lead Financial Consultant at Prolific Mindz, Bangalore. (Duration: Sep-13 to Apr-15)

Key Responsibility Areas [KRA’s] Handled:

 Assist with CFO services to SME’s and startups providing F&A operations support, preparing business models, budgets, forecasts, analytic templates, payroll support.
 Assist in setting up companies in India and provide complete statutory compliance support.
 Implementing ERP solutions for end to end accounting and business planning.
 Consulting advisory services on payment gateway accounting, e-commerce accounting, market place accounting, logistics and reverse logistics accounting etc.

3. Worked as Project Consultant - Finance Leader at Caterpillar Logistics (aka Neovia Logistics), Bangalore.

Neovia is the global leader in customer-centric, end-to-end value chain solutions, with agility, innovation and responsiveness, serving customers across six continents. We know and love global logistics, and put our focus on your business challenges. Our expertise includes Global Logistics, Supply Chain Strategy and Design, End to End Value Chain, Service Parts, Maintenance, Repair and Operations (MRO), Inbound Logistics, Manufacturing Logistics, Reverse Logistics, Inventory Management (Duration: From May 2013 to Sep 2013)

Key Responsibility Areas [KRA’s] Handled:

 Project consultant for setting up Finance Center of Excellence (CoE).
 Setup Global Shared Services Finance team in Bangalore with a team of 25 people.
 Setup process for legal entity accounting, internal reporting, business development analysis for the Asia Pacific region and global shared services.
 Instrumental in achieving financial excellence through process efficiency and quality, aligning analyst and shared services efforts with customer’s needs.
 Impart clarity and commitment towards the finance vision and ensures staff knows what stakeholders expect.
 Engage with operations and customers to identify, quantify, compare, opportunities risks.
 Participate in projects for APAC region expansions, extensions, budget/forecast.
 Lead legal entity close process in accordance with local and US GAAP.
 Lead monthly legal entity close review to ensure financial reporting accuracy.
 Manage shared services center with process owners.
 Setup process to approve account reconciliations.
 Setup process for monthly consol regional overview, variance analysis to stakeholders
 Lead regional annual business plan and quarterly forecasting.
 Lead financial modeling on extensions, expansions, prepare and present financial information to external clients.

3. Worked as Finance Controller at Flipkart.com, Bangalore.

Flipkart.com, founded in 2007, was set up by a bunch of young, enthusiastic IIT graduates as an online retailing venture with the objective of making books accessible to individuals living in the farthermost parts of India. Flipkart sell movies, music, games, mobiles, home appliances, health care and personal care products at competitive prices backed by prompt delivery and excellent customer service. With over 11.5 million book titles, 11 different categories, more than 2 million registered users and sale of 82000+ items a day, we can say with utmost confidence that we are one of the leading e-commerce players in the country. (Duration: From Nov 2011 – Jan 2013)

Key Responsibility Areas [KRA’s] Handled:

 Involved in PE fund raising series for $100mn+
 Handled restructuring, creation and externalization of Flipkart global entities
 Handled mergers and acquisition of companies and integrated same into Flipkart accounting system.
 Implementation of Oracle 12R – AP, AR, GL, FA, PO modules
 Structuring of Indirect Taxes model for various states
 Implementing process controls and fixing process gaps for O2C, P2P and R2R cycles
 Managing a team of 80+ people
 Treasury and float management for Flipkart entities
 Responsible for Flipkart finance and accounting matters including Implementing, administering and monitoring corporate financial compliance and governance policies, procedures and GL ownership
 Manage payroll for 4500+ employees including off-payroll employees and payroll related compliances like PF, PT, ESI, Contract Labor etc.
 Establish D&O, E&O, STOP, Risk, PI, GMC & Personal accident and Liability insurance.
 Purchase administration and approvals including reviewing all significant contracts and purchase orders for India to ensure proper recording of all corporate obligations and the potential financial impact is socialized among the management team.
 Scorecards, Management reporting, Dashboard presentations to senior management
 Automation of O2C, P2P and R2R cycles
 Statutory compliances for FDI, FEMA, RBI, Company Law, Direct Taxes, Indirect Taxes – VAT, Customs, Weights and Measures, CST, Excise, etc. Shops and Establishment, Contract payroll etc.
 Hire, train and cultivate team, dedicated to high integrity, impeccable work product and high efficiency

4. Worked as India Controller & Company Secretary (VP Level) at Obopay Inc, Bangalore headquarter at California, USA

Obopay is a pioneering service that lets consumers and small businesses purchase, pay, and transfer money through any mobile phone using Obopay’s mobile application, text message, mobile Web, or Obopay.com. As the first U.S. mobile payment service created exclusively for the mobile phone, only Obopay works on any phone and any carrier to empower consumers and businesses with the convenience of mobile payments. Obopay is bringing mobile payments to more consumers through industry-first alliances (Duration: From Aug 2010 – Jul 2011)

Key Responsibility Areas [KRA’s] Handled:

 CFO responsibility for the Indian Legal Entities leading Financial Control, Planning & Analysis, Tax and Treasury Functions
 Managed filing of Service Tax Refund of INR 15 million.
 Responsible for all of Obopay India's finance and accounting matters including Implementing, administering and monitoring corporate financial compliance and governance policies, procedures and GL ownership
 Purchase administration and approvals including reviewing all significant contracts and purchase orders for India to ensure proper recording of all corporate obligations and the potential financial impact is socialized among the management team.
 Company Secretary for Obopay Mobile Technology India Pvt. Ltd.
 Treasury operations for APAC region
 Management reporting, Dashboard presentations to senior management
 Oracle administration for GL module
 Automation of existing process to Oracle/Replicon/DeFacto
 Participate in product development reviews and suggest on accounting schema for float management and treasury ops.
 Statutory compliances
 Hire, train and cultivate team, dedicated to high integrity, impeccable work product and high efficiency

5. Worked as Segment Controller & Corporate Secretary at Ocwen Financial Corporation/Altisource Portfolio Solutions SA, Bangalore headquarter at Florida, USA and Luxembourg respectively

Ocwen Financial Corporation (NYSE: OCN) is a leading business process outsourcing provider to the financial services industry, specializing in loan servicing, mortgage fulfillment and receivables management services. Ocwen has global operations in Canada, Germany and India. Utilizing global infrastructure, state of the art technology, world-class training and six sigma processes, Ocwen provide solutions that make clients’ loans worth more.

Altisource Portfolio Solutions SA (NYSE: ASPS) is a leading provider of real estate, mortgage, asset recovery and customer relationship management services. Our innovative and results oriented business solutions help our clients achieve optimal results. Altisource’s competitive advantage is ability to manage high value, knowledge-based job functions by eliminate operating variability through comprehensive analytical models, behavioral science based scripting engines and straight through processing in order to improve performance and quality for our customers. (Duration: From Feb 2008 – Aug 2010)

Key Responsibility Areas [KRA’s] Handled:

 Segment Controller for Ocwen Financial Corporation leading Financial Accounting & Reporting for Ocwen entities around the globe as per US GAAP/IFRS/Local GAAP
 Business Partnering and Decision Support. Present information, analysis and recommendations, and improve understanding of financial results.
 Financial Planning and Analysis for various Business Segments
 Statutory Compliances and Internal Controls
 Business restructuring through de-merging business verticals into a new legal entity.
 People Leadership & Career pathing and progression
 Global Segment Controller for Altisource - Financial Services and Technology Products segment managing revenues and expenses ~ US $125 Millions with team size of 10 people
 Controller for Global Solutions Servicing LLC (GSS) having operations across globe in 10 countries with 30% partnership with Merrill Lynch LLC
 Managing month/quarter/year close including MIS Reporting and Management Accounting for Board & senior management for GSS, Financial Services Segment consisting of Ocwen Recovery Group (ORG), Nationwide Credit Inc (NCI) and Technology Products Segment.
 Company Secretary for Ocwen Financial Solutions Pvt. Ltd., includes Capital Reduction, de-merger of entities, Dividend Repatriation, transfer of share capital on de-merger etc.
 SOX Reporting & Six Sigma Compliance Reporting as per Ocwen reporting standards.
 Designing and implementing systems, controls, procedures for creating a fully secured accrual expenses and prepaid accounting & monitoring system
 Complete accountability for US GAAP & various Local GAAP Audit closures in various countries including US, UK, Germany, Canada, Taiwan, China, India consolidations
 Assisting India CFO in rolling out various models & policies in Finance Dept. including People management.
 Lead and involved in filing of Form 10, road shows and IPO listing on NASDAQ.
 Providing commentaries for 10Q, 10K reporting and Senior Management reporting.
 Independently developed Finance Sharepoint Portal and automation of Finance Projects.
 Implementing any new/changes in Finance pertaining to IT security.

6. Worked as a Senior Manager, Finance & IT at July Systems, Bangalore, a MNC, wholly owned subsidiary of July Systems Inc, headquarter at California, USA.

July Systems offers integrated mobile marketplace smart solutions that enable its customers to seamlessly manage all dimensions of mobile services deployment including content supply chain management, service creation, retailing, service delivery and operations in a fast, flexible and simple manner. (Duration: From Nov 2001 – Jan 2008)

Key Responsibility Areas [KRA’s] Handled:

 Mobile Operators/Aggregators/Intermediaries Revenue Reconciliations
 Content Partner Settlement Reporting & Accounting
 Contract management for mobile operators and content partner’s agreements
 Revenue recognition as per US GAAP – SOP 97-2, EITF 99-19, FAS 86
 Designing and implementing systems, controls, procedures for creating a fully secured expenses and cash flow monitoring system
 AR & AP management for US Operations
 Complete accountability for Global US GAAP Audit closures including US, UK, Germany, India consolidations
 Overall Accounting responsibility for US Operations
 MIS reporting to Board on a consolidated basis for US, UK, India
 Budgeting, Planning, Forecasting cash flows
 Complete Finance & Accounting responsibility of India Operations
 Treasury management & Operations for India
 Statutory Compliance and reporting for India Operations including STPI, Customs, VAT, CST, PF, eTDS, TDS, IT etc.
 End-to-End Payroll operations and management for India Operation including Taxation & Tax advisory to employees
 Overall Incharge of Commercial Operations
 Managing Global IT Helpdesk and IT Infrastructure including trouble ticket escalations.
 Implementing any new/changes in IT security in consultation with IT Advisor

7. Worked as a Senior Audit Assistant & Articled Assistant at Sharp & Tannan, Chartered Accountants, Bangalore. Handled various Statutory Audits under The Companies Act, Tax Audits under Income Tax Act, Internal/Management Audits, and Company Law matters. Also led the teams for the Company Audits. (Duration Aug 1996 – Mar 2001)

a. Areas of Specialization:
 Statutory and Tax Audits under IGAAP, US GAAP
 Risk Assurance Audits
 Due Diligence Audits
 Forensic Audits
 Management Assurance Audits
 System & Process Evaluation Audits
 Certification under various enactments

b. Led and involved in the following Statutory Audits / Tax Audits / Bank Audits:
 Larsen & Toubro Limited – Bangalore/Mysore Works
 L & T – Komatsu Limited
 L & T – ECC Construction Group
 Crompton Greaves Limited
 Pampasar Distillery Limited
 Foseco India Limited
 Grover Vineyards Limited
 C G Smith Software Limited
 Datanet Corporation Limited
 Hotel Krishna International Limited
 C G Polycrete Limited
 Centurion Bank Limited – Bank Audit
 Bank of Nova Scotia – Bank Audit
 IDBI Bank Limited – Bank Audit
 Godrej – GE Appliances Limited – Management/Internal Audit
 Thomas Cook India Limited – Management/Internal Audit
 Bharatiya Reserve Bank Note Mudran Pvt. Limited – Forensic & Systems Control Audit
 Manthri Housing & Construction Limited – Management/Internal Audit
 Kirloskar Toyoda Textile Machinery Limited – Management/Internal Audit
 MSAS Blue Skies Limited – Management/Internal Audit
 Gulf Oil India Limited – Management/Internal Audit

Personal Information
Date of Birth October 7, 1975
Passport No. Z – 2559927 valid till Feb 6, 2023
Visas United States of America B1 Visa valid till Jan 7, 2017
Language Known English, Hindi, Telugu, Kannada, Tamil

References:
Shall be provided on request.