Kumaran Dayalan

Experience

• 

  Hewlett Packard Enterprise

  Jan 2002 - Dec 2004

  Assistant Manager- Finance

  • Involved in the setup and development of the validation of claims function for Rebates programs run by Americas Partner Operations.• On-site transitioning of the Price Protection Process from HP, California, U.S.A.• Analysed the revenue generated out of large scale discount programs like Big Deals, Discount Now and Education Rebates with that of the margins foregone and the rebates provided.• Provided analytical support to pricing teams on the impact of impending price changes and forecasting pay-outs to distributors to cover the margin loss.• Managed projects revolving around End User Verification, Documentation & Policy Research, Investigation Projects & Profiling, Application & Data Support and Analysis Teams.• Was working as part of a team that is involved in tracking fraudulent Resellers and recovering dollars siphoned from Hewlett Packard.• Involved in drawing up Business Fundamental Tables, metrics for the Validation team and Price Protection Team, managing potential failure modes, and process up gradation.• Writing of Sql queries to extract data from the database for analysis. Show less

• 

  Thomson Reuters

  Dec 2004 - Jan 2006

  Global Reporting & Spend Analysis• Centralized running of reports related to Cost, Revenue, Head Count, Budget Vs Actual Variance• Enhancements and automations to the reports• Working with Business Finance Heads to enhance the quality of reports and adding new components• Preparing Cost Outlook & Spend Analysis reports which enable Finance Heads to manage spend at Business Unit level Master Data• Functioning as Global Data Manager • Control the Period Open and Close for all Reuters Entities• Control the procedure for changes in Global Chart of Accounts• Control the procedure related to changes made to the SSAM database• Manage the Vendor & Bank Master for all regions Performance Management Function• Reporting of Metrics for all processes done out of GSC• Development and enhancement of Metrics Show less

  • Business Planning Manager

    Jan 2006 - Jan 2006

  • Team Leader & Assistant Manager

    Dec 2004 - Dec 2005
• 

  Thomson Reuters

  Jan 2007 - Oct 2018

  • Responsible for setting up and managing the Legal Entity Controllership & Compliance team responsible for End to End accounting at a country level basis IFRS & Local GAAP. Also, responsible for the Regulatory & Statutory compliance including Direct Tax, Indirect Tax & Statutory Audit Finalization• Manage a team of 73 qualified professionals covering the scope of AsiaPac & EMEA countries- coverage of 61 countries• Scope of countries involves a combined turnover of approx $2.7 Billion and operating costs of approx $2.2 Billion• Manage acquisitions & divestitures from an accounting & compliance standpoint• Liaison with auditors to develop an optimized central audit model• Adapt to changes in country legislations and regulatory reporting and be responsible for change management Show less • Conceptualized and developed a new General Accounting Model working with PMO to move away from a Geography based model to a Process based model• Developed solution standards, process reengineering, location mapping, people realignment to suit the new model• Developed and implemented process designs for comprehensive people cost accounting which accounts for 65% of the Operational Cost of TR. People Costs include Salaries, Bonus, Commissions, T&E, Severance, Global Mobility, Pensions and Benefits & Fringes• Consolidated all cost assurance, BS Reviews, Audit Co-ordination and Global Accounting project roles into one team• Designed Metrics which measure the health and efficiency of the General Accounting Organization Show less • Responsible for the accuracy and timeliness of the F&R (largest business unit within TR) income statement consolidation from an operating costs perspective• Providing succinct variance analysis that is value-added to senior management who need not have the deep understanding of each sub-division within F&R• Assisting with the balance sheet and free cash flow consolidation, including liaising with various teams across Thomson Reuters to provide useful variance analysis• Building the free cash flow budget and quarterly rolling forecasts• Responsible for cost assurance of global operating expenses for the Content, Technology & Operations, and Editorial businesses under IFRS- The CT&O business is responsible for buying content and data from third party vendors to be used in Thomson Reuters’ products, providing/maintaining the infrastructure for the transmission of real time data to clients, and providing/maintaining the internal IT infrastructure supplied to all employees- The Editorial business is responsible for the journalistic stories and pictures that go with the Reuters brand• Ensuring a successful month-end close, including working with global teams located in Singapore, India, the US and London to ensure all journal entries are posted, operating expenses are fully reviewed, and variance analysis against budget/forecast is accurately reported• Liaising with the various stakeholders within the Accounting Services organisation, and the Markets business to discuss and review the need for current and new accruals to ensure the operating expenses are accurate, and expected costs are properly accrued for• Reviewing quarterly global balance sheet packs for the above businesses with the stakeholders within the Markets business• Reviewing quarterly intangible asset listings for impairment• Managing a team of 6 staff members in London and providing ad hoc assistance as and when required Show less • Responsible for managing the General Accounting Activities for the Markets Division of TR supporting Europe and Americas• Supporting end to end closing & reporting function of the GA team also providing directions to the managers in payables and receivables• Responsible for providing Cost Assurance and preparation of Flash P&L and Balance Sheet• Managing the Balance Sheet Reconciliations. Coordinating with units to get the resolution of all open items• Own and hold periodic reviews with stakeholders on Operational performance• Liasioning with Statutory Auditors for Annual Audit and SOX Audits• Half Yearly and Yearly Individual Performance discussions and appraisals• Analysing data and trends, implementing projects for continuous improvement based on Lean Six Sigma methodologies Show less

  • Vice President

    Mar 2015 - Oct 2018

  • Assistant Vice President

    Mar 2012 - Mar 2015

  • Project Controller

    Nov 2010 - Mar 2012

  • Senior Manager- General Accounting

    Jan 2007 - Oct 2010
• 

  LSEG Data & Analytics

  Jun 2019 - now

  • Leading the legal entity controllership and statutory reporting team responsible for end to end accounting at a country level, IFRS and local GAAP• Manage outsource vendor service delivery for General Accounting• Build, nurture and leading a team of 80+ qualified professionals in multiple locations including Bangalore, Beijing, Manila, Athens & Bangkok covering the scope of Financial Reporting for AsiaPac & EMEA countries-coverage of 70+ countries • Collaborating with stakeholders while keeping them informed of progress and issues in order to manage expectations on all project requirements and deliverables• Contributing towards:o Acquisitions and divestitures, P/L reviewo Balance sheet packs, free cash flowo Working capital reporting and change management• Functioning as Owner of General Ledger whereino Transforming the People Cost Accounting functiono Cloning of SAP GL to a separate SAP instanceo Manage service delivery from outsourced vendor for General Accounting support including Journal entries, Reconciliations & Month End Close• Liaising with auditors and supervise regulatory and statutory compliance including:o Direct taxo Indirect taxo Tax audits, VAT audits, transfer pricing audits and statutory audit finalization Show less

  • Head Statutory Reporting

    Oct 2018 - now

  • Vice President Corporate Finance

    Jun 2019 - Feb 2021
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  LSEG (London Stock Exchange Group)

  Feb 2021 - now

  Head- Statutory Reporting
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  LSEG (London Stock Exchange Group)

  -

  Head- Statutory Reporting