Suresh Gulati
Controller l Financial Reporting & Stratigic Planning I Driving Cost Savings & Operational Efficiency I Ex GMR I Ex Vodafone I Ex Jindal Stainless
- Role
- Asia Controller Business Partner at Philips
- Location
- Gurugram, HR, IN
- LinkedIn followers
- 500 followers
About Suresh Gulati
A dedicated, ambitious and Financial Professional with a comprehensive experience of more than 15 years among different verticals with domain specialization in accounting, portfolio management, budgeting & planning, trade finance, and controls and sectors - Engineering, Telecom, Infrastructure, Healthcare. Possess excellent communication skills and the ability to communicate professionally with regulatory authorities, clients and colleagues.
Experience
Asia Controller Business Partner
Oct 2016 — Present · Gurugram, IN
Ownership of processes within accounting operations function of Philips Capital across different markets APAC, MET, CEE, RCA and AFROtC Order to Cash•Overall AR Portfolio of USD120 mln including 3rd party financing through banks/NBFC’s.•Channel financing vertical of around USD47 mln (Health System and Personal Health).•Cash forecasting based on expected date of deliveries and installation reports. •Collection mechanism after revenue recognition to ensure start of Instalments. •DSO calculation to check average time to collect accounts receivables.•Classification of accounts based on their health (NPA and relevant provisions).•Process improvement with VSM and remove waste. RtR (Record to Report)•Accounting and Reporting of Financing AR as per designated policy.•Lease Accounting as per IFRS-16 and in line with Revenue Recognition as per IFRS-15.•Monthly Reconciliation & Accruals of financed transactions and Unearned Interest.•Provisions for Bad Debts as per debtor’s classification and ageing thereof.•Internal & External Audits for the Financed AR including ICS controls.•Coordination with Fiscal team for Lease transactions for TDS & GST compliances.Portfolio Management and Reporting•Ensuring maintenance of up-to-date records of the portfolio.•Nonpayment reporting and work out strategy and assign accountabilities of collection.•Credit Line Usage, Delinquency, PDD (post disbursal documents).•Timely reconciliation of all repayment schedules with accounting entries in SAP including interest income booked.•Providing various information for repayment track, interest payment, collection of TDS Form 16, issuance of NOC for completed/closed transactions.
Education
XLRI Jamshedpur
Executive Development Program, Advanced Financial Management
Kurukshetra University
Bachelor of Commerce (B.Com.), Accounting and Finance
1991 — 1994
MSPI Delhi
Post Graduate (Business Finance), Finance and Financial Management Services
1998 — 2000
Indira Gandhi National Open University
Post Graduate in Financial Management, Finance and Financial Management Services
Skills
- Cross-Functional Team Leadership
- Forecasting
- Ptp Project Implementation
- Sap Implementation
- Management
- Business Strategy
- Process Improvement
- Portfolio Management
- Change Management
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