Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
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Shashi Konduru

Frisco,TX

Summary

Versatile executive director with over 18 years of experience focused on promoting the company's mission and increasing effectiveness. Highly effective, results-oriented approach demonstrated in leading financial planning, accounting operations, international consolidations, and reporting requirements for various industries including Healthcare/IT Staffing Services, Consulting Services, and IT/ITES businesses in Fortune 500 environments. Expertise includes successfully managing ERP, Payroll Systems, and Consolidation platform implementations, while pioneering high-impact technology enhancements. Passionate about fostering a culture for professional growth and enhanced productivity through talent cultivation and process reengineering. Quick and firm decision-maker with first-rate communication and organizational skills. Recognized for successful collaboration with management to develop work plans, financials, and strategies to drive company success.

Overview

19
19
years of professional experience

Work History

Executive Director - Finance (Associate CFO)

Wynden Stark, LLC
08.2022 - 01.2024
  • Reporting to the group CFO, responsible for managing budgets, treasury and compliance, cash flow, audits and managing growth operations for the healthcare staffing division
  • Provide strategic advisory and leadership to the divisional teams to drive growth and increase revenues.
  • Manage banking relationships and raise funding for fostering growth initiatives – generated second set of funding for the organization totaling $20M.
  • Worked closely with organizational leadership and board of directors to guide operational strategy.
  • Oversaw financial management, ensuring fiscal responsibility and long-term sustainability for the organization.
  • Monitored compliance with laws and regulations to protect organization from legal liabilities and penalties.
  • Restructured entire company’s compensation plans through benchmarking to reward based model that incentivizes higher performance while generating cost savings for the organization to increase profitability.
  • Introduced additional sales channels for increasing revenue growth such as MSP, Direct Sourcing, PPO, RPO - 2 MSP programs currently running successfully, $35M in payrolling deals have been closed – increasing EBITDA by 3%

Senior Vice President of Finance

US Tech Solutions
01.2017 - 08.2022
  • Position directly reported to the CEO
  • Responsible for budgeting, forecasting, compliance, internal audit, program control, treasury, procurement, and finance functions
  • Led large global finance and FP&A teams to manage forecasting, budgeting, reporting along with monthly, quarterly, and annual close processes
  • Direct and develop financial models, capacity and revenue planning, review of the performance indicators including lead / lag indicators to boost performance.

Director of Finance

Spectraforce Technologies Inc.
12.2014 - 12.2016
  • Oversaw revision and modification of accounting procedures in addition to financial reporting, financial budgets and forecasting, revise / update incentive and bonus structures, vendor contract reviews/negotiations, and fiscal performance
  • Led all pricing discussions within the organization including any existing vendor negotiations.

Assistant General Manager Finance

Cyient
04.2012 - 11.2014

Finance Manager

Hewlett Packard
08.2010 - 03.2012

Finance Manager

Deloitte
12.2004 - 05.2009

Education

MBA - Finance -

Minnesota School of Business
Minneapolis, MN

Diploma in Strategic Cost Management -

Indian Institute of Management
Indoor, MP

Master of Science - Finance -

Brunel University
London, UK

Diploma in Financial Management -

Harvard Business School
Boston, MA

Bachelor of Engineering -

JNT University
Hyderabad, India

Skills

  • Advanced user of Excel (incl VBA), Google Sheets, Hyperion/Essbase/HFM, Tableau Desktop/Server, Oracle, NetSuite, SharePoint, SAP, Power BI, Salesforce, Zoho, QuickBooks, Sage
  • Proficient in US GAAP and IFRS
  • Strategic Budget Management
  • Rolling Forecasts and Variance Analysis
  • Cash Flow Analysis and Management
  • Multi-country Financial Consolidation
  • Profit and Loss Management
  • Corporate Strategy and Development
  • Capital Expenditure Planning
  • Internal Controls and Audit
  • Leadership and People Development
  • Business Consulting
  • ERP Systems (SAP, Oracle, NetSuite, Hyperion etc)
  • Cost Accounting and Revenue Analysis
  • Mergers and Acquisitions

Accomplishments

  • Pioneered revenue CAGR of 35% consistently for 7 years by providing strategic advisory to the CEO
  • Drove 22% improvement in profits over 2 years through aggressive measurement and monitoring of the profitability across the clients and partnering with the delivery teams.
  • Strategized and executed a consistent 30% growth in revenue for the last 4 consecutive years through continuous partnerships with the sales and account management teams while reducing costs resulting in a profitable growth.
  • Initiated a re-audit of workers compensation audit for 3 years and saved the organization $2.5M in premium paid as refund due to misclassification.
  • Implemented SAP at Cyient and NetSuite at US Tech including redesign of the chart of accounts to create reporting by project rolling up to the client and organization.
  • Developed burden rate model that allows business unit and sales leaders to calculate the margins efficiently increasing the gross margins by 40%
  • Defined and drove a KPI and SLA driven performance model to measure productivity of projects & clients which helped in improving client revenues by 35% and gross margins by 42%
  • Created processes to have a thorough internal audit and month-end close cycle reducing the close cycle from 2 months to 12 days to enable monthly, quarterly, and annual management reviews.
  • Uncovered over $5 million in cost savings by implementing transaction level accounting and reporting system that enabled greater transparency.
  • Spearheaded overall Finance Functions and directing the transformation of Business & Financial outlook; driving business commercials and growth strategies including expansions, cost management, market growth, and risk management.
  • Developed and presented fixed unit price bids and T&M based pricing bids which resulted in wins of over $200M in contract value.

Timeline

Executive Director - Finance (Associate CFO)

Wynden Stark, LLC
08.2022 - 01.2024

Senior Vice President of Finance

US Tech Solutions
01.2017 - 08.2022

Director of Finance

Spectraforce Technologies Inc.
12.2014 - 12.2016

Assistant General Manager Finance

Cyient
04.2012 - 11.2014

Finance Manager

Hewlett Packard
08.2010 - 03.2012

Finance Manager

Deloitte
12.2004 - 05.2009

MBA - Finance -

Minnesota School of Business

Diploma in Strategic Cost Management -

Indian Institute of Management

Master of Science - Finance -

Brunel University

Diploma in Financial Management -

Harvard Business School

Bachelor of Engineering -

JNT University
Shashi Konduru