Ankit S.

About Ankit S.

Influential, driven and result oriented Business Process & Finance Transformation Leader with 19+ years of experience driving strategic impact and delivering stellar value across complex organizations. Proven ability to establish cross-functional partnerships, reimagine core business processes, and streamline service offerings. Proficient in continuous innovation, simplifying core finance and accounting processes, and enabling the Finance function to go beyond being guardian of the balance sheet to driving value for the business.C-suite Management | Business Transformation | Digital Vision & Strategy | Business Process Design| Finance Accounting & Close Process Reengineering | Reporting and Analytics| Multi-national Business |Program Management | Stakeholder management | General Ledger Expertise| Shared Services | Target Operating models | Operations | Product Development | Master Data Management | Data Engineering| Enterprise Architecture• Trusted IT partner, defined the enterprise finance architecture and landscape for all lines of business at Starr. Created 5 year road-map for finance-IT delivery, inclusive of policy submission systems, UW systems, sub-ledgers, billings, dataware house, General Ledger, reinsurance, planning, consolidation and reporting systems.• Understands the bigger picture with underwriting, operations, finance, and reinsurance for multinational business. Process expertise in the area of Finance ledger and sub-ledgers processes, GAAP and management reporting, foreign currency valuations and translations, Insurance Pooling, Accounts Payables, receivables, Banking and Treasury SAP modules, Expense Allocations, GOE reporting and Analytics, Finance Master Data, Profit and Loss reporting and Consolidations.• Change leader for strategic enterprise business architecture.• Architected, defined, and lead the delivery of the common financial language for global finance & management reporting. Conceptualized and implemented global expense allocations and reporting rollout for 68+ countries. Managed C-Suite stakeholder across the globe. IFRS17, Data Transformation and curation and compliance with GDPR • Strategic and analytical thinker with the ability to process information quickly and make actionable recommendations. Automation and Robotics with digitalization and predictive modelling for business strategies focused on driving overall growth of organization. Lead the enterprise implementation of Master Data Management tool (MDG)

Experience

1. Multinational Insurance - CFO, Finance Transformation & Finance Operations

   Starr

   Nov 2023 — Present · New York, NY, US

   Finance and business transformation• Conceptualized and defined global business and finance processes for multinational business.• Established operational and financial controls.• Established strategic partnerships with UW, business operations and technology team to create interim state processes for supporting ongoing business and target state roadmap and requirements for IT to lay the enterprise-wide foundation for global systems and processes.• Re-engineered the cashflow process for multinational business • Pioneered the concept and alignment of the common financial language (FDM, Foundational Data Model) across all CFO’s and management team.• Envisioned the policy journey application for global multinational business and delivered the initial phase, ongoing evolution and multi-phase delivery in progress. The application tracks all aspects of policy journey, from UW booking, operations, cashflow, claims, supports P&L consolidating and preparation of Bordereau.• Steered Workday global general ledger implementation (ERP Implementation). • Established management reporting and consolidation for multinational business• Centralized production credit process worldwide for multinational business laying the foundation for management reporting.• Re-designed the Profit Center hierarchy aligning with how we are organized to do the business and cater to management reporting• Defined the alignment of Cost Center hierarchy with Profit Center hierarchy for seamless expense allocations and overall expense reporting at global regional and entity level.• Defined controls, validation for data in the front-end systems impacting the financials and business analytics. Established data governance for financial and insurance data• Change management for Producing office and Issuing office concepts.• Established path for global P&L for multinational business.• Supporting pricing model with cross-functional team.• Created Multinational Business Bordereau.

Education

• Jaipur Engineering College and Research Center

  Bachelor of Engineering - BE/ BTech, Electronics & Communications

  2003 — 2007

• Seedling Public School

  High School

  1998 — 2002

• Illinois Institute of Technology

  Master of Science (MS), Finance and Financial Management Services

  2010 — 2011

• CFA Institute

  CFA Level I, Accounting and Finance

  2009 — 2009

• LOMA Insurance and Financial Certifications

  Insurance Certifications, LOMA 280, 290, 356

  2007 — 2009

• Columbia University

  Executive Master In Science, Digital and Business Transformation C - Level Management

  2018 — 2020