Shoban Kumar

Experience

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  Helios Terminal Corporation Pte. Ltd.

  Nov 2006 - Dec 2012

  Accounts and Admin Manager

  Core team member in sale of Helios Terminal to Oiltanking Group – delivered company multiple presentations and handled due diligence audits.Supervised setup of budget for divested company.Delivered HR initiatives such as collective agreement tracking, employee master data, payroll preparation, sustenance provision, payments settlement, and employee welfare programsMasterminded cost reduction measures in utility usage, employee overtime claims, and building maintenance.Supported senior management in monthly reporting requirements, and advised on terminal building projects in Middle East and Philippines.Streamlined and updated processes and procedures, internal control mechanism, and resolved non-routine and complex variance issues. Show less

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  Oiltanking Group of Companies, Singapore

  Jan 2013 - Apr 2015

  Accounting Manager

  Reported to Financial Controller, supervised 2 accountants to perform financial operations – covering compliance with regulatory standards and corporate policies; corporate finance activities (including treasury, tax, and GST filings); financial planning and budgeting (including variance analysis and forecasting); and cash flow management. Oversaw maintenance of debt-equity ratio and fund position monitoring to enhance company’s fiscal stability. Designed and implemented internal controls, and guided accounting procedures and processes to improve governance. Administered accounts receivable and payable operations, audit oversight, and optimised month-end closing procedures for seamless operation of finance department.Aided transition period by developing key management reports and process flows post-acquisition.ACHIEVEMENTSEnhanced productivity by streamlining accounting processes that trimmed monthly closing time by 40%.Established consistent reporting across departments and instituted management meeting discipline for USD330M oil terminal project, ensuring operational efficiency and transparency in project management.Supported launch of USD220M business unit Oiltanking Helios Singapore Pte Ltd by adeptly managing costs and reporting for new entity.Slashed payment process time by 40% by pioneering restructured online payment system to replace manual invoice checks and payments. Show less

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  Mare Maritime Singapore Pte Ltd

  Sept 2015 - Jun 2016

  Finance Manager

  Reported to Chief Executive Officer (CEO), performing diverse responsibilities including management and vessel accounting, corporate financing, cash flow management, budgeting activities, payroll, intercompany settlements, monthly Profit & Loss (P&L) and Balance Sheet preparation, and detailed variance analysis for data-driven decision-makingEnforced compliance with industry practices and regulations, including accurate filing of Goods & Services Tax (GST).Improved operational efficiency and safeguarded company’s interests by liaising extensively with banks, government entities, and auditors.Executed corporate secretarial duties by establishing and maintaining records of 6 companies within Singapore’s Accounting & Corporate Regulatory Authority (ACRA).ACHIEVEMENTSFinessed accounting processes and system efficiency by transitioning from Tally to Danaos, providing comprehensive information such as drill-down of spends against forecasts, trends, centralized repository for chart of accounts, and self-servicing by vendors’ uploading of invoices.Optimized company’s liquidity and reduced loan interest annually by withholding earlier payments and executing payments according to vendors’ payment terms. Show less

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  KELLER

  Jun 2016 - Nov 2021

  Finance Manager

  Reported to Chief Financial Officer (CFO), managed project accounting for up to 12 concurrent projects, providing comprehensive financial oversight and accurate reporting.Devised sound practices to improve working capital management.Oversaw shared service teams to foster collaboration and efficient service delivery across regions. Enhanced financial operations by leading Enterprise Resource Planning (ERP) implementation, augmenting industry best practices into firm’s accounting processes and controls.Improved financial integrity via data clean-up and optimization of accounting modules within system.ACHIEVEMENTSImplemented Taskhub to replace Sage as ERP for 2 companies in Malaysia for up to 15 users. Project completed within 6 months, significantly improving invoicing and collections process.Elevated controls by instituting approval matrix for procure-to-pay (P2P) process within Taskhub, ensuring proper audit trail and avoiding approving lapses, while saving 500 man-days of manual work annually.Directed complete clean-up of Singapore, Malaysia, and Bangladesh books of accounts, ensuring accuracy and regulatory adherence, coordinating with vendors and customers for up to 3,000 line items, covering outstanding debts, warranty obligations, collections, and payments. Show less

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  Optimum Solutions Pte Ltd

  Dec 2021 - Feb 2023

  Project Analyst

  Mobilized Technology resource cost analysis and onboarding, and financial operations, for Managing Director, Global Markets Platforms of OCBC Bank encompassing 14 projects valued at SGD90M.Drove monthly financial forecasting and CAPEX reviews.Constructed financial reporting in adherence with corporate guidelines while continuously improving process.Furnished analytics to guide cross-functional teams in financial decision-making.Collaborated with internal and external auditors to comply with regulatory requirements.Acted as custodian for myriad software license renewals for bank worth SGD15M.PROJECTSTreasury products enhancement on internet and mobile platform by expanding electronic pricing and distribution across multi-asset classes and FX, developing flexible FX pricing framework to cater to diverse customer needs, and improved customer journey by integrating FX with payment capability.Onboarding of Bank as Direct Clearing Member with HKEX and LCH that massively reduced clearing fees – saving clearing fees and reducing Bank’s risk weighted asset.Derived annual cost savings by decommissioning standalone IPC system and migrating to regional platform. Show less

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  U3 Infotech Pte Ltd

  Mar 2023 - Jun 2023

  PMO Analyst

  Assigned to DBS Bank, reported to Vice President, Consumer Finance to manage financials for mega project with UBS and SBI, successfully initiating world’s first live repurchase transaction with natively-issued digital bond on public Blockchain – shortening processing time, enhancing security, and providing transparent transaction platform.ACHIEVEMENTSShortened payment processing time by 30% by streamlining month-end close and reducing time spent on manual tasks.Integrated data from multiple platforms, enabling accurate monitoring of budgets and revenue trends, culminating in real-time reporting dashboard for effective decision-making by bank’s leadership team. Show less

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  Optimum Solutions Pte Ltd

  Jul 2023 - now

  Business Analyst

  Reporting to Managing Director, Global Markets Platforms of OCBC Bank, orchestrate financial oversight for 21 ongoing projects with combined SGD14M value and align projects’ expenditures against CAPEX budgets.Uplifted inter-departmental collaboration by furnishing analysis to outline projects’ financial performance, secure support, and influence executive decisions.Institute compliance and group-wide financial process adherence by improving reporting mechanisms.PROJECTSFlex Application Programming Interface (API), futures and options in commodity trading, automated switching and netting capabilities – supported by system readiness, and enhanced model development and integration with mainstream risk management system. Enhanced FX online offerings in Singapore, Malaysia, and Hong Kong, and improved FX system infrastructure for automated pricing and risk management.Introduced new currency pair for tenors >1 year that contributed to Bank’s trading revenues.Reduced annual maintenance cost by replacing obsolete systems with efficient price construction and market-making system. Show less