Arvind Subramanian
Andover,USA
Summary
Eighteen years of finance and accounting experience in different industries, complemented by strong leadership and people management skills.
Overview
36
36
years of professional experience
Work History
Head of Accounting Operations and RPA program
Royal Philips Electronics
01.2017 - Current
- Company Overview: 18 billion Euro annual sales, 70,000 employees Philips is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare.
- Responsible for heading 2000 plus direct and indirect organization engaged in accounting operations which covers Record to report, Purchase to Pay, Credit & collection and Indirect tax activities performed in Philips direct and indirect organization. The objective of the role is to deliver operational quality while assuring targeted productivity.
- Evaluate and deliver right foot print strategy that fits the requirement of the accounting operations
- Manage performance and partnership relation with BPO – Infosys
- Deliver on Finance RPA program with specific focus on Finance to deliver > 1M hrs of automation
- Develop talents in Accounting operations to fit the future competency requirement
Finance Project lead
Royal Philips Electronics
01.2016 - 01.2017
- Deliver GBS structure by establishing Chennai hub for Finance. Drive Global Balance Sheet Review project to assure integrity in Financials
- Evaluate and agree on the GBS – global hub concept for finance and execute
- Set up legal entity and select the location and establish infrastructure to go live for an organization of 1000 FTE
- Recruit and train 250 Finance FTEs in the location
- Migrate first markets to Global hub
- Drive GBSR (global balance sheet review ) project for Philips.
Head of Accounting & Internal Control
Philips Healthcare
01.2012 - 01.2015
- Heading the accounting and Internal control (A&IC) organization of 160 employees globally for Philips Healthcare with annual sales of over 8 billion Euros. Key responsibilities include:
- Joint accountability with the business partners for the financial integrity of Philips healthcare.
- Own and instill adequate internal control framework to assure sanctity of the underlying process and policy compliance.
- Set up and stream line Accounting & internal control organization which is fit for purpose aligned with the blue print defined in the overall finance transformation of Philips.
- Drive transformation of A&IC organization by consolidating the capabilities in Center of Expertise. Prioritize and initiate projects to drive standardization enabling a centralization of activities to drive better control environment and efficiency.
- Find opportunities to leverage resources across sectors and group functions. Deliver one efficient CoE structure in America, which is working seamlessly cross sector.
- Define clear long-term objectives for A&IC organization aligned with x sector organization. Engage and motivate the A&IC organization to actively contribute towards the achievement of the overall objectives.
- Actively partner with Finance operations and BPO partner to deliver smooth and quality financial process through the accounting value chain.
Cluster Controller
Philips
01.2009 - 01.2011
- Sales & service organization covering growth markets covering Central Eastern Europe, Middle East, Africa and Russia and Central Asia with a turnover of 500M $ of business with 600+ employees and 32 F&A organization reports
- Developed pricing model fitting direct and indirect channel to drive ROIC as part of Hoshin strategy
- Managed organization restructuring and change management to drive customer centricity and operational excellence as part of OACM (organizing around customers and market) program
- Driven change in Go to Market model in sub optimal organization to improve on profitability
- Enhanced teamwork and engagement in remote F&A organizations and created sustainable solutions in collaboration with shared service organizations
- Developed and implemented risk assessment model within MCR organization
- Improved employee engagement within F&A organization by 7 pts in 2009 over 2008
Regional Controller NCE
Philips
01.2006 - 01.2009
- Sales & service organization covering mature markets in Nordic region and emerging markets within Eastern Europe
- Implemented hub structure along with training on business process to Hub management teams
- Conducted business process risk reviews across HUBs to identify and address key business risks and define action plans to mitigate the same
- Driven key initiatives to improve CS margin in Turkey
- Implemented SAP BO in key country organization
- Developed a risk assessment model for project risk assessment during acquisition phase.
Credit Manager and CS BL Controller for CEE & MEA
Philips
01.2003 - 01.2006
- Credit management of over 160M Euros of receivables as well as credit risk management in growth and emerging geographies covering 100 plus countries (5 direct reports)
- Developed and rolled out CS capacity planning model.
- Reduced overdues by 45% - 25M Euros.
- Led settlement discussions on some legal cases for successful resolution.
Controller Saudi Arabia
Philips
01.2001 - 01.2003
- Assignment in Saudi Arabia to make sure our non-performing agent was terminated and all assets and liabilities from the agents were transferred to Philips.
- Concluded an asset transfer of 23M Euros to Philips from Agent termination
- Set up accounting and control systems and processes for the newly incorporated company
- Performed due diligence, selection and appointment of the distributor in Saudi Arabia.
Controller Middle East
Philips
01.1998 - 01.2001
- Sales and service organization with turnover of 65M Euros and 90 FTEs (3 direct reports)
- Structured performance review mechanism with the local sites
- Implemented and drove maturity of Business balance scorecard
- Implemented and trained cross-functional group on forecasting within ME
Auditor Middle East
KPMG
01.1995 - 01.1998
- Led teams to finalize audits for clients in construction, manufacturing, trading and banking sectors.
- Conducted due diligence for acquisition purposes
- Performed management audits for organizations to improve process and efficiency
Article ship and training in internal & statutory audit
V Sankar Aiyar & co
01.1990 - 01.1995
- Led audit teams to realize audit objectives under strict time frames.
- Supported Hawkins (Pressure cooker manufacturing unit in India) to identify, evaluate and decide on outsourcing components manufacturing.
Education
Chartered Accountant - undefined
The Institute of Chartered Accountants of India
01.1995
Bachelor of Arts - Mathematics and Economics
Delhi University
01.1990
Diploma - Computer Application & Programming
01.1992
Skills
- P&L, working capital & cash flow management
- Risk identification & management
- Project management and evaluation
- Restructuring and change management
- Internal control/Sarbanes Oxley /IFRS
- Planning & performance reviews
- Channel management - review, termination and appointment
- Coaching and people management
Timeline
Head of Accounting Operations and RPA program
Royal Philips Electronics
01.2017 - Current
Finance Project lead
Royal Philips Electronics
01.2016 - 01.2017
Head of Accounting & Internal Control
Philips Healthcare
01.2012 - 01.2015
Cluster Controller
Philips
01.2009 - 01.2011
Regional Controller NCE
Philips
01.2006 - 01.2009
Credit Manager and CS BL Controller for CEE & MEA
Philips
01.2003 - 01.2006
Controller Saudi Arabia
Philips
01.2001 - 01.2003
Controller Middle East
Philips
01.1998 - 01.2001
Auditor Middle East
KPMG
01.1995 - 01.1998
Article ship and training in internal & statutory audit
V Sankar Aiyar & co
01.1990 - 01.1995
Chartered Accountant - undefined
The Institute of Chartered Accountants of India
Bachelor of Arts - Mathematics and Economics
Delhi University
Diploma - Computer Application & Programming
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