Vineet Kumar Bajpai

Experience

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  CA Firm

  Jun 2002 - Jun 2005

  Internship

  A reasonably mid size audit & accounting firm.Work Profile during Articleship: Statutory, Internal and Tax audits of various Companies.

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  Deloitte Haskins & Sells

  Mar 2006 - Apr 2008

  Assistant Manager - Statutory Audit (AABS)

  Associated with Hyderabad practice (A member firm of Deloitte Touche & Tohmatsu (DTT), one of the Big Four audit & consultancy firms globally). Statutory and Internal Audit of corporate clients, Preparation of Certificates & Reports and other Assurance Services, handling various assignments involving regulatory & statutory compliances, application of audit software and system driven techniques. Finalizing Accounts of listed / non listed clients for Fixed Assets, Revenue, Accounts receivables, Stock Reconciliation, Preparation of Notes to Accounts, Central Excise, Bank reconciliation, verification of Internal controls of Purchases and Company Auditors’ Report Order 2003.Statutory and Internal Audit of corporate clients, Preparation of Certificates & Reports and other Assurance Services, handling various assignments involving regulatory & statutory compliances, application of audit software and system driven techniques. The profile even includes the following:a) Variance analysisb) Ratio trends analysisc) Review of capital / revenue budgetingd) Review of comparative quotationse) Review of internal controls, process designf) Finalizing Accounts of listed / non listed clients for Fixed Assets, Revenue, Accounts receivables, Stock Reconciliation, Preparation of Notes to Accounts, Central Excise, Bank reconciliation, verification of Internal controls of Purchases and Company Auditors’ Report Order 2003.g) Analyzing Cash flow from Operating Activities which includes identifying key drivers & also reporting major outflows & seeking explanations.h) Analyzing Balance sheet items like Accounts receivable, Inventory & Plant & Equipment and gathering information from the regions regarding drivers & reporting to Indian Growth Markets. Show less

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  Ernst & Young

  May 2008 - Oct 2011

  Assistant Manager - Statutory Audit (AABS)

  Associated with Hyderabad practice of S.R. Batliboi & Associates (A member firm of E&Y, one of the Big Four audit & consultancy firms globally). Worked as a team leader in Assurance & Audit (IGAAP & IFRS) Services. Independent handling of various assignments involving application of audit software and system driven techniques. Also include Finance & Operational Risk Management. Rresponsible for finalization & consolidation of accounts of corporate clients, preparation of disclosures for IGAAP reporting purposes with effective planning, co-ordination and conduct of the audit functions across the entire engagements. The key responsibilities under this role includes:Assurance & Audit (IGAAP, US GAAP & IFRS) Services. Independent handling of various assignments involving application of audit software and system driven techniques. Also include Finance & Operational Risk Management. The profile even includes the following:a) Review of cash flows, taxation, compliance and accounting operationsb) Review of Accounts Payable / Vendor Procurement Process and Remuneration Accounting c) Review of Financial Control / capital budgetingd) Consultancy on Taxation matterse) Process Improvementf) Handled assignments of Capital Market fund raising through bond listing, IPO assignments of listed entities.g) Verifying the internal controls of the entity as per the annual audit requirements and preparation of Management letter.h) Also responsible for finalization & consolidation of accounts of corporate clients, preparation of disclosures for IGAAP reporting purposes with effective planning, co-ordination and conduct of the audit functions across the entire engagements. Show less

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  Airtel

  Nov 2011 - Jun 2014

  Senior Manager - Finance Reporting & Controllership (Mobility)

  Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks 2nd globally as mobile service providers in terms of subscribers base.Part of Mobility Finance team in Corporate office. Closing & Reporting, Review of Financial Statements (Balance Sheet, Profit & Loss Statement, Ratio / Variance Analysis, Cash Flow Statement), Corporate Governance and etc.i) Monthly review and strong monitoring of books of accounts and Financial Statements of mobility circles / segments from IGAAP as well as IFRS scope.ii) Assisting organizational accounting professionals with monthly, quarterly and yearly closing reports, as well as reviewing general ledger posting and journal entries.iii) Developing and finalizing various financial statements such as BS, P&L Account liaising with other departments & submitting the same for the review of management.iv) Balance sheet review and identify the key issues. Prepare mitigation plan to resolve the issue.v) Ensure month end book closure (IGAAP & IFRS) within defined timeline and as per defined guideline.vi) Liaising with business to provide key input for financial reporting and book closure.vii) Liaise with cross functional team to close all audit issues identified during statutory audit. Close the same within Quarter.viii) Prepare new process, Identify the areas of improvement / areas for accounting guideline and resolve the same with process control head and Accounting guideline team.ix) Get new accounting guideline implemented within defined timeline.x) Drive implementation of Automation to obtain process efficiencies.xi) Prepare management updates on key projects, controls, ongoing operational initiatives, financials and related business management activities.xii) Assist in Financial and other strategic analysis for senior management. Show less

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  Amazon

  Jun 2014 - Jul 2015

  Manager (L6.5) - Finance Controller (Retail E-Commerce)

  World's largest online retail (E-Commerce) company. Amazon Kindle e-book readers, Kindle Fire tablets, Fire TV and Fire Phone — and is a major provider of cloud computing services.Finance Controller – Fin Ops accounting at Bangalore. Engaged in Financial & Management Reporting and Controllership to the Finance Operations accounting team. Responsible for month end reporting, period close process, contract reviews, month end accruals, SOX documents and performs SOX testing as assigned, reporting and improving controls in the entire accounting process. The key responsibilities under this role includes:i) Preparation of financial reports for leadership review meetings. Ensure accounting processes are operating efficiently and effectively. Identify and implement process improvements where required.ii) GRC compliance: SOX compliances under section 302 and 404 by delivering services of Controls, Compliance and Risk Management. Responsible for development of new offerings in risk and compliance. Help in building new capabilities to support offerings.iii) Ensure appropriate financial policies, procedures, and internal controls are in place, documented, and operating as intended.iv) Drive financial decision making in line with Business Goals. Actively participate in strategic initiatives and special projects when assigned or required.v) Reviewing and reporting on general ledger account and operational reconciliations. Investigate and resolve billing discrepancies or misapplied cash transactions.vi) Developing and maintaining key financial and operational metrics, analyzing and reporting monthly variance analysis and providing ad-hoc reporting and analysis.vii) Establish and embed principals of financial controls by measuring the quality of general ledger account reconciliations, creating dashboards and metrics to measure quality of processes and controls within the Amazon.com Finance Operations organization. Show less

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  IQVIA

  Jul 2015 - now

  - Collaborates with the business (RDS and GDC) leaders to analyze structured financial and operational reports to identify trends, anomalies and focus areas in order to achieve business objectives.- Drives EBITDA improvements in functional reporting to identify efficiencies and assess performance vs. targeted savings- Partnered with senior management to drive a strong control environment, including robust balance sheet management and review in accordance with IQVIA policy- Managing reporting compliances, leads cash flow including, DSO management and reporting, management of capex spend and tracking- Collaborates with Internal Audit to ensure recommendations are implemented, managing US GAAP and local compliance challenges, and identifying and rolling-out best practice initiatives- Supports Corporate and APAC leadership team (including RBU’s) in adhoc projects and Corporate tax team on key activities such as integration of local and global acquisitions- Inspires, motivates and fosters a high performing inclusive team. Focusses and leads the team in developing and operationalizing more efficient and productive ways of working. Routinely looks for, and delivers on, opportunities to streamline and improve processes- Oversees the various finance functions such as FP&A, Treasury - Cash/fund flow mgt, Compliance, Accounting and Internal Controls. Moreover, he also manages external stakeholders i.e. Bankers, Auditors and Government regulatory bodies (from labour law compliance perspective) Show less IQVIA is a Fortune 500 organization and the world’s largest human data science company, provider of bio-pharmaceutical development, clinical trials and commercial outsourcing services with business network in approximately 110 countries. IQVIA bring a fully integrated approach to build bio-pharma and life sciences solutions.Finance Controller for IQVIA’s delivery hubs at South Asia (IND, SL & BD) region housing ~ 23k+ headcounts and ~ $600M P&L from R&DS and Commercial business. Provides overall leadership and strategic direction to the finance and business teams within South Asia region. Responsible for driving a strong control environment across business, identifying opportunities for cost optimization initiatives to drive EBITDA growth and improving key metrics and work closely with key stakeholders across leadership team and finance teams across APAC geographies.- Leading FP&A function [P&L (~ $600M) and EBITDA management] for Commercial and R&DS business- Partners with senior leadership and key stakeholders to drive a strong control environment, including robust balance sheet management and review in accordance with IQVIA policy- Mergers & Acquisitions: Drive and support M&A transactions through due diligence, valuation, integration, and other phases.- Leads cash flow and capital allocation initiatives, including, DSO management and reporting, management of capex spend and investment appraisal and tracking- Executes on finance integration and efficiency initiatives, including consolidation of legal entities- Drives improvements in SG&A functional reporting to identify efficiencies and assess performance vs. targeted savings- Supports IQVIA India wide operational excellence processes, delivering reporting and project status updates on various saving initiatives- Leading Internal and Statutory audits for all India entities. Responsible for SOX compliance- Responsible for managing Budgeting, Forecasting activities, accounting and reporting functions Show less Finance Director assigned to optimize integration & synergies activities post merger of Legacy Quintiles & Legacy IMS finance organizations into IQVIA globally. Strategic and Operational management to ensure excellence & effectiveness in various BU functions across the Organization. Also a member of global finance council, responsible for driving efficiency and productivity initiatives with key finance stakeholders. KRA’s in this role as a Finance lead includes:1) Executes on finance integration and efficiency initiatives, including consolidation of legal entities2) Drives improvements in SG&A functional reporting to identify efficiencies and assess performance vs. targeted savings3) Supports IQVIA wide operational excellence processes, delivering reporting and project status updates on various saving initiatives4) Supports global finance leadership team in other key activities such as integration of local and global acquisitions5) Collaborates with the business leads to analyze structured financial and operational reports to identify trends, anomalies and focus areas in order to achieve business objectives6) Leads cash flow and capital allocation initiatives, including, DSO management and reporting, management of capex spend and investment appraisal and tracking7) Understands business partner/client markets and translates strategy into proactive plans to enable successful achievement of business results8) Directs all aspects of planning and estimation processes related to annual budgeting and strategic plans as well as monthly forecasts Show less IQVIA (erstwhile Legacy Quintiles) India worked as GDN (Global Delivery Network) model for RDS GBU wherein I spearhead many key projects by way of which IQVIA has saved quite a few $Mn. Some of these are Facilities consolidation across India, Facility spend control, HR Benefits Harmonization, IT costs & other shared services and Business operations. Target on EBITDA saving & maximization with deep focus on collaboration with business stakeholders. Enhanced accuracy of Budget Planning and Monthly forecast significantly. KRA's under this role:1) Budgeting & Forecasting: Finalize Budgets & quarterly outlooks for various business segments and overhead functions, in coordination with respective business and shared Service leaders. Partnering with business operations team to achieve the annual operating plan.2) Cost Management : Leading and monitoring cost integration and synergy projects for making Offshore low cost locations more cost effective tax efficient through structured planning processes and within the framework of regulatory guidelines3) Cash Management: Preparing & reviewing quarterly Cash flow forecasts to monitor Company’s Cash position & Working Capital Management.4) Strategic initiatives: Supporting strategic decision making by performing cost benefit analysis, What If analysis, detail financial analysis for business expansion plans.5) Management & Financial Reporting: Manage P&L and BS by reviewing month end financials / activities to ensure timely and accurate closure of books as per US GAAP and IGAAP and corporate timelines.6) SOX and Statutory compliance: Monthly Sox certification for FLUX analysis, Lease analysis and month end reporting. Transfer pricing margins review through Cost + Margin model. Liaise with Statutory & Internal auditors (Big 4) for Audit finalization.7) P2P, O2C, R2R Management: Developing, implementing & maintaining effective Tax, AP, AR & FA process under ERP system. Show less

  • Senior Director - Finance (South Asia)

    May 2024 - now

  • Director - Finance Controller (South Asia)

    Jul 2021 - Apr 2024

  • Director - Finance Integration and Operational Excellence (Global)

    Oct 2018 - Jun 2021

  • Associate Director - R&DS Finance Controller (IND & SL)

    Jul 2015 - Sept 2018