Pawan Varshney

Experience

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  The Institute of Chartered Accountants of India

  Jul 1998 - Sept 1998

  Technical Officer

  Contributed in development of accounting standards with Accounting Standard Board of ICAI.

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  NTPC Limited

  Oct 1998 - Feb 2006

  Senior Finance Officer

  • Implemented Accounting Standards, IT enabled processes, rolled out 5 S in finance organization• Translated Financial Statements as per US GAAP and prepared Concept Paper for ERP implementation• Participated in IPO in 2004 as an additional project

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  Oberoi Hotels & Resorts

  Mar 2006 - Feb 2009

  Financial Controller

  • Steered IT enablement of Food & Beverage controls resulting into reduced food cost @ 18% from 25% of Sales• Prepared and presented Concept Paper on convergence of financial reporting as per IFRS • Assured timely settlement of AR and AP while ensuring cash flow for the organization • Focused on increasing marginal profits through better control over inventory and reducing wastages

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  Gap

  Mar 2009 - Dec 2018

  Financial Controller & Company Secretary

  • Led finance function of 7 countries with business close to the tune of US $ 1.7 Billion • Recovered long pending refund of Service Tax to the tune of INR 70 million• Gained export incentive to the tune of INR 90 million • Managed Transfer Pricing litigations of high magnitude (~ INR 10 billion) and diverse income tax and service tax assessments seamlessly• Led end-to-end Financial Reporting based on IFRS & US GAAP and reduced closing time to 7 days from 15 days • Rolled out Goods and Service Tax with required system set up in Oracle • Rolled out Supply Chain Finance program with Deutsch Bank• Rolled out Host to Host (H2H) banking platform with Citibank• Rolled out Internal Control over Financial Reporting (ICOFR) framework • Rolled out Robotic Process Automation (RPA) for accounts payable• Conceptualized and rolled out dividend payout to parent company Show less

• 

  Techno Design GmbH

  Dec 2019 - Mar 2022

  Chief Financial Officer

  • Spearheaded finance for a B2B engaged, in apparel, footwear and home products business, spread over Europe, USA and Asia • Steered acquisition of sourcing business of a well known retailer (~US$ 25 Millions)• Rolled out Factoring platform of BNP Paribas and HSBC for major customers (Yield of US$ 0.5 Million) (Yield of US$ 0.5 Million)• Brought down finance cost to 0.25% from 1.50% of top line (Yield of US$ 0.2 Million)• Streamlined receivable cycle resulting into reduced average collection period to 28 days from 65 days• Initiated multiple quick win initiatives on compliance, simplification and productivity (Yield of US$ 0.6 Million)• Setting up a centralized Finance Service Centre in Gurgaon, serving all geographies• Implemented robust financial controls like Internal Control over Financial Reporting (ICOFR) framework, Delegation of Authority (DOA) • Rolled out SAP HANA (ERP application)• Resolved Tax Litigations (Yield US$ 0.3 Million per annum) • Led HR, Shipping and Administration on strategic initiatives Show less

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  PEARL GLOBAL INDUSTRIES LTD (PGIL)

  Apr 2022 - Nov 2022

  Vice President (Finance)

  Responsible for FPnA, Consolidation, Internal Audit and Investors' RelationsSuperheaded rolling out Financial Consolidation Tool, Finalyzer

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  Ca Pawan Kumar Varshney

  Dec 2022 - now

  Freelance Consultant

  CFO services related to Business Process Simplicity, Capital Market compliances, Taxation, Insolvency