Saurabh Dubey - CPA, CFA, MBA

Experience

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  Deloitte Touche Tohmatsu International ( Stationed in Dammam, Saudi Arabia)

  Jan 1991 - Jun 1997

  • Conducted annual audit and consulting assignments in Saudi Arabia and the Middle East for multinational corporations with revenues of $ 50M to $ 150M. Drafted and presented audit, consulting and special assignment service proposals to prospective clients. Trained groups of up to 30 employees in Accounting and Auditing practices. Represented the Middle East practice of Deloitte Touche Tohmatsu International in the development and global launch of proprietary auditing software “A+”. • Responsible for annual statutory audits of a group of corporate multinational clients with operations in Saudi Arabia and Middle East. Industries covered included petrochemicals, consumer goods, fertilizer, trading and construction, transportation, diving & marine services and industrial maintenance and heavy engineering.

  • Senior Auditor

    Jan 1995 - Jun 1997

  • Auditor

    Jan 1991 - Jan 1995
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  Nortel

  Jun 1999 - Jun 2012

  • Responsible for the development and execution of a risk based internal audit plan under challenging circumstances with limited resources to satisfy requirements of multiple estates and Nortel’s operational, compliance and reporting objectives. Over 30 assessments completed in 2011 and 17 assessments completed in 1H 2012.• Provided operational support to the Chief Internal Auditor; prepared Audit Committee presentations / reports and conducted special reviews as required.• Evaluated and reported on risk areas and related key controls in critical processes while the company reorganized under CCAA (in Canada) and Chapter 11 (in US).• Developed and executed testing plans for key accounting / operational controls as a part of the implementation of Microsoft Dynamics NAV ERP / reporting system. Show less • Developed & managed a rolling 26 week companywide cash forecasting & liquidity management model, tracking cash balances for 70+ entities (ranging from $ 2B to $ 3B), minimized cash forecast variances through follow up and process improvements. • Prepared decision support models to evaluate cash impact of various sale / divestiture proposals being evaluated by various estates and board charts on liquidity position and related variance analysis. • Effectively partnered with M & A Team and external advisors in the development of financial models for scenario analysis, liquidation analysis and liquidity management at the corporate, entity and business unit levels. Assisted M & A Team in liquidation of assets worth $ 7B. • Managed the portfolio of Bonds / LC / LG’s valued at $ 38M and liaised with EDC and various financial institutions on recovery efforts. Tracked portfolio movement, liaised with banks, buyers and Nortel entities to close out positions and drafted 10Q/K comments for Restricted Cash and Bonds / LC’s. Show less • Reported to the Director Corporate FP&A, was accountable for driving and refining cash forecasting and working capital management practices at Nortel. • Assisted in the preparation of weekly direct method cash forecast and the related statutory entity level forecasts. Coordinated input from various regional primes, prepared cash flow reconciliations and provided regular inputs to Nortel CFO, Treasurer, VP Financial Planning & Analysis, the Unsecured Creditors Committee (UCC), financial advisors and court appointed monitor (in Canada) and administrators (in UK).• Prime for development of liquidation analysis and cash models to quantify cash impact of divestiture proposals.• Organized and conducted the monthly Global Accounts Receivable Council focused on accelerating collections and minimizing disputes and delinquencies. Provided input for the quarterly CFO Working Capital Council where regional finance and operational leaders reviewed working capital performance and strategized future actions. • Maintained framework for determination of the Quarterly Incentive Plan amounts, ensured compliance with Board / UCC approved plan guidelines, and secured external auditors and Canadian monitor’s approvals for accruals and disbursements. • Drafted and analyzed working capital and liquidity sections of the MD&A for quarterly SEC reporting. Performed quarterly balance sheet allocation / analysis for SFAS 142 (Goodwill) and SFAS 144 (Long Lived Assets) related impairment tests. • Lead Managed the cash budgeting process including development of submission guidelines, timelines and reviews with VP FP&A .• Participated in various finance projects e.g. Development of Statutory Entity Cash Forecasting process, Effective Capital Budgeting process, Treasury Accounts Receivable Securitization initiatives, Management of Trade Accounts Payable Payment Cycles and Global Operations Billing Efficiency Project. Show less • Successfully established the Internal Audit function in Asia. Recruited and trained a team of 7 US certified CPA’s in HK. Responsible for financial planning (’07 budget $ 1 MN) and management of operating expenses of the Asia IA team and outsourced resources. • Responsible for planning and execution of internal audit (IA) plans in accordance with the COSO internal control framework for the Asia Pacific region with revenues in excess of US$ 1BN, over 3,500 employees, operations in 16 countries and 40 different statutory entities and joint ventures.• Lead managed 15 internal audits and various compliance special projects over two years. Established and improved the regional profile of the IA function in Asia significantly increasing management interaction and reducing response times to control and compliance related queries. • Worked with various cross functional teams (Control, Finance Transformation, SOX, Corporate Security and Compliance) on many time sensitive strategic projects including establishment of LG Nortel (Korea) joint venture and SOX remediation. Show less • Conducted 11 special Internal Audit Reviews related to revenue recognition practices on customer contracts, forecasting and planning, project cost accruals, sales strategy and compensation and inventory management as a part of the first three restatements of Nortel in coordination with Ernst and Young and Deloitte. • Received CFO’s Recognition Award for outstanding contribution during restatement efforts in Jan 05. Selected to establish Internal Audit function in Hong Kong covering the Asia PAC & Gr China Region. Show less • Responsible for planning audits and leading teams in the performance of risk based internal audit assignments and drafting audit reports and executive summaries. • Participated in risk control self assessment exercises leading to the identification of high risk areas within the company for review. • Assisted the Director Internal Audit in the development of annual and mid year internal audit plans for North America.• Planned and executed Sarbanes Oxley S 404 Documentation and Operating Effectiveness Reviews, led audit teams in the field and assisted in the performance of SOX reviews covering critical processes impacting financial reporting and disclosures. Show less • Developed a new reconciliation process and a reporting framework for Market Inventory balances resulting in a 10 day improvement in the Days Sales Outstanding metric for the Americas Region. • Streamlined the Enterprise Contract Management System data base to facilitate timely revenue recognition. • Developed & implemented a new work flow process for the Americas Region for managing Market Inventory balances resulting in a reduction of Q3 00 inventory by $ 68 MN, and Q4 00 inventory by $ 89 MN. Show less

  • Director Internal Audit & SOX (Canada & Asia)

    Nov 2010 - Jun 2012

  • Senior Manager - Treasury Operations

    Dec 2009 - Nov 2010

  • Senior Manager Corporate Financial Planning & Analysis

    Jul 2007 - Nov 2009

  • Senior Manager - Internal Audit Services - Asia Region (Stationed in Hong Kong)

    Jun 2005 - Jul 2007

  • Senior Audit Manager - Internal Audit Services (North America)

    Feb 2005 - Jun 2005

  • Audit Manager - Internal Audit Services (North America)

    May 2003 - Feb 2005

  • Senior Auditor - Internal Audit Services (North America)

    Nov 2001 - May 2003

  • Senior Financial Analyst - Global Operations Finance

    Jun 2000 - Oct 2001

  • Senior Financial Analyst - Financial Planning & Analysis

    Jun 1999 - Jun 2000
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  BMO Financial Group

  Jul 2012 - now

  Responsible for planning and execution of risk based internal audits and special regulatory compliance reviews in the Capital Markets Division of the Bank.Completed high risk audits in many areas of capital markets including front office trading desks, collateral management, derivative operations, fixed income and core rates trading operations, investment securities valuations, merchant banking, market risk measurement and reporting, model risk and validation, commodities trading operations, credit valuation adjustment , valuation production and control, trade finance and international financial institutions. Show less

  • Director - Corporate Audit Division - Capital Markets

    Aug 2014 - now

  • Senior Audit Manager - Corporate Audit Division- Capital Markets

    Jul 2012 - Aug 2014