Aditya Hiregange
Point Cook,VIC
Summary
Motivated Finance leader promoting more than 10 years of proficiency in identifying and analyzing trends and partnering with other departmental leaders. An action-oriented individual with experience tracking actual business results against plans, including acquisitions. Offering exceptional issue resolution and staff training skills. Proactive leader with a strong background in financial analysis, budgeting, and forecasting. Develops and implements financial plans and delivers strategic financial advice.
Overview
24
24
years of professional experience
Work History
Director Finance
Cenitex
10.2022 - Current
- Role is responsible for day-to-day operations of financial services to enterprise, engage in development of long-term financial management, oversights financial business partnering, and lead continuous improvement to transform finance function to meet business needs
- Overseeing finance and finance business partnering operations of Cenitex, this role supports achievement of strategic and operational objectives of the enterprise
- Provide strategic support and authoritative advice and guidance to Executive Leadership Team and peers regarding Cenitex's operational financial position
- Oversee business operations of branch (business planning, people, governance, finance, and performance)
- Responsible and direct development, implementation, and upkeep of financial policies processes and procedures which maximise Cenitex's assets and ensures it financial sustainability, including internal control procedures
- Manage financial operating requirements in accordance with corporate practices, accounting standards and statutory requirements
- Manage development and maintenance of accurate, regular, and timely cost models, financial reports and forecasts so as to enable managers to monitor financial health and performance of Cenitex
- Manage and drive delivery of performance reporting that tracks performance against annual budget and business plan initiatives through relevant financial and non-financial performance indicators
- Oversee current and forecast cash position to ensure funds are available to meet commitments - tax and cash investments
- Responsible for Board reporting in relation to financial services functions as well as preparation of annual financial statements and all relevant statutory reporting
- Key Achievements
- Lead and deliver service profitability reporting for organisation
- Lead and delivered FY23-24 forecasting for pricing and build foundation for out year budgeting
- Lead and delivered on Corporate overhead benchmarking activity.
- Generated financial and operational reports to assist management with business strategy
- Forecasted trends and recommended improvements based on financial risk analyses
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making
Financial Planning & Analysis Manager
Cenitex
05.2021 - 10.2022
- This role is responsible for delivering deep and insightful financial analysis and planning and month/year-end financial outputs
- Contribute to, and support, strategic direction setting of Finance function in Cenitex
- Responsible for comprehensive financial management of Cenitex P&L and investment portfolio, including budgeting, forecasting & business planning both for in year and out years
- Direct and manage preparation of financial modelling and interpretation/analysis of output
- Use modelling output in preparation of management reports to influence project and business decision making
- Ensure timely delivery of month-end closure activities, including fixed asset register, and monthly management reporting encompassing divisional reporting to cost centre owners through to Cenitex Board
- Prepare and present Board and CFO reporting on financials and business performance
- Prepare dashboards and report on KPI's
- Continually enhance reporting capabilities by taking advantage of investments in technologies to meet business stakeholder needs more quickly and more efficiently
- Lead preparation of Annual Financial Statements, audit, and all required reporting requirements under Financial Management Act
- Lead & own Cenitex Cost model including management in Apptio
- Key Achievements
- Established RACI for new team, created new position descriptions and recruited for a high performing FP&A team while keeping the BAU cadence.
- Set up finance operating cadence to complete End of Month reporting and book closure by Workday-3
- Moved team to dev-ops style planning methodology to free up capacity within team and focus on most important task at hand.
- Monitored KPI to identify cause of unexpected variances
- Developed near- and long-term P&L and cash flow forecasts
- Assisted in development and analysis of annual budget reporting allowing company to meet state guidelines
- Participated in monthly, quarterly and annual closing and audit processes, preparation of monthly P&L reporting packages and leading budget vs. actual reviews with department heads
Manager Finance Business Partnering
Cenitex
08.2020 - 05.2021
- Key key responsibilities for this role include budgeting, forecasting, service cost modelling, internal investment management, and leading a team of six (business partners and analysts)
- Role also had accountability to drive business planning and performance reporting for organization and provision of Board and Executive Leadership reporting
- Drive Service line strategy by providing commercial & analytical support
- Drive alignment in corporate strategy and business strategy
- Key Achievements
- Created and rolled out across the organization standardized Business Performance Reports to bring together finance, People & Capability, and Service Lines to produce an integrated performance report
- Led & managed IT Cost benchmarking activity for the organization
- Created greater collaboration within team by streamlining the new service costing model
- Was recognized by CEO for Acting as finance lead to craft multi-year complex, technology business case for organizational transformation and risk mitigation.
- Developed strong communication and organizational skills through working on group projects.
Finance Business Partner
Cenitex
11.2017 - 08.2020
- Key responsibility for this role was to partner with business by challenging and supporting senior stakeholders throughout organisation
- Providing strategic financial advice, analysis, and decision support to shape outcomes to benefit business
- Manage internal investments, commercial modelling and service and cost modelling for new existing and new services
- Identify critical business issues and provide engineered commercial solutions
- Key Achievements
- Built Commercial model linking corporate plans, service roadmaps and technology roadmaps of the organisation to enable multiyear business planning and transformation
- Built Demand & supply analysis model to enable decision-making for resourcing and internal investment prioritisation
- Successfully managed planning cycle for organisation's investment envelope including alignment to strategy, corporate plan and portfolios
- Established partnering relationship with 2 directors and 6 GMs where none existed before
- Built trust and relationships to enable integrated approach to business planning, forecasting and budgeting
- Performed due diligence on procurement events which led to identification of financial misrepresentation by key vendors, thus, averting significant risk to the organisation
- Liaised with budget holders to evaluate financial performance and offer financial management data, analysis and advice.
- Identified significant labour utilisation issues and provided impact analysis resulting in utilisation improvements in business and enabling robust budgeting and forecasting
- Acted as change agent for undertaking operating model design to support business strategy by actively engaging with GMs and ELT members.
Consultant
13TECH PTY LTD
07.2017 - 11.2017
- Engaged as consultant to conduct business analysis including opportunities for cost reduction & streamlining operations, build current state and future state cost models and impact of strategy to operating P&L
- Key Achievements
- Conducted workforce activity analysis, regional performance analysis and site profitability analysis resulting in recommendations around how to uplift business profitability
- Analyzed data and provided both qualitative and quantitative reports to support performance uplift hypothesis and support implementation plans
- Performed due diligence for business acquisition of service-based franchise
- Prepared recommendations based on financial and business analysis including business profitability modelling and industry analysis
- Performed due diligence for retail store acquisition including supplier & location evaluation and overall industry analysis
- Provide business valuation and recommend price points for negotiations based on business performance, growth forecast, sales analysis, and overall economic scenarios.
- Created and managed project plans, timelines and budgets
Consultant
National Australia Bank, NAB
02.2017 - 05.2017
- Business and Private Banking – Performance and Insights Team, the purpose of this role was to create, support & evaluate commercial models used in segmenting workload for business bankers, productivity initiatives across Business & Private banking and streamline the benefits tracking reporting
- Key Achievements
- Built and evaluated modelling to support the business hypothesis and strategy development to support segmentation decisions
- Built workforce capacity model and customer migration models based on customer segmentation
- Stress-tested existing business and commercial models and provided analytical support to project teams
- Streamlined reporting of productivity initiatives & their benefits by creating a repeatable process for data collation, tracking and reporting.
Business Performance manager
Telstra
01.2013 - 08.2016
- Primary purpose of the role was to provide financial analysis, insights, and business partners to Technology (IT) leadership team in Enterprise Services & Cloud Engineering Team
- Managing team of four, support decision-making through commercial insights and development of operational budgets, forecasts, and three-year plans
- Lead formulation of business cases, evaluation of initiatives, and financial manage large projects and programs
- P&L accountability for $130Mil and Capital program worth $110Mil
- Select Achievements
- Designed 5-year technology lifecycle investment program for Infrastructure Lifecycle program resulting in alignment & evaluation of strategy and commercials around current investment levels
- Managed & delivered productivity program of over 14 Mil, resulting in 23% increase in productivity, and helped business deliver aggressive budget target
- Drove Contract negotiations with vendors, resulting in savings of over 21% of contract value thereby removing 8 mils of costs off P&L
- Established self-funding program to reduce cost via decommissioning resulting in zero cash flow impact solution wherein benefits were paid for cost of the program
- Designed & implemented workforce model to reduce unit cost rates across business resulting in reduction of 18% of unit rates to base cost
- Crafted and delivered concrete productivity plan to improve year-on-year cost reduction by over 6%
- Automated reporting within team resulting in reduced over 60-man days year
- Tracked, analysed and executed quality and continuous improvement initiatives to hold departments accountable for performance.
- Established financial operating model within program to streamline governance, reporting & communications resulting in saving of over 45-man days in one year
- Led IT benchmarking exercise and created financial model to evaluate cost of building two-speed IT operating model
- Delivered first Apptio Cost Modelling use case and Proof of delivery across IT organization, this resulted in full-scale program of work for implementation
- Built Du-Pont Model for driver-based analysis across entire IT organization
- Designed & executed cost recovery model for Technology consumption enabling benchmarking of costs to build and run internal systems vs outsourced solutions.
- Tracked, analysed, and executed quality and continuous improvement initiatives to hold departments accountable for performance.
Finance Specialist
Telstra
06.2011 - 12.2012
- This role managed project finances associated with program Jupiter
- Program created foundations for Global Enterprise Services Business
- Role had responsibility for managing total budget of $45 Mil
- Select Achievements
- Bought program overspending and velocity of spending under control and delivered program on budget
- Engaged with multiple stakeholders to understand project cost drivers and established governance forum to manage project spending to ensure overall program spending was managed within envelope
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Developed KPI's and metrics and created Single page dashboard providing project health status for over 40 projects being delivered as part of program
- Evaluated business case financials and built financial models & estimates to be included in project Business cases.
- Monitored and evaluated financial performance and authored and delivered communications.
- Reported financial figures and projections to comply with company budgetary standards.
Business Analyst
Telstra
07.2007 - 05.2011
- This Role provided decision support to IT- Service Management function in Telstra
- Role was responsible for building TCO Models, manage SLA's metrics with Vendors, craft business cases and develop complex cost models for asset management
- Role interfaced with many project managers to manage a critical infrastructure project for IT
- Select Achievements
- Developed complex Total Cost of Ownership model at application level used in ASX reporting
- Developed & assessed Idea documents, Business cases, CEO approval papers Change requests, contracts & organizational costs
- Created and managed SLA reporting model to manage key vendor SLA's metrics
- Collaborated with Executive Directors, GM's & Project Managers in developing sound Business Cases & Business Plans
- Managed projects in EPM & SAP, identify cost & growth drivers & report on the same
- Manage funds & provide forecasts for the project & report on the same.
- Performed gap analysis to identify areas of improvement.
Business Analyst
Exxon Mobil Corp
06.2006 - 07.2007
Energy Consultant
Red Energy Pvt. Limited
07.2005 - 03.2006
Sales Consultant
Salesview Consulting Pvt. Limited
03.2004 - 06.2005
Team Leader
Seema H. Shastri & Co
03.2003 - 01.2004
Senior Auditor
Gandhi & Associates Chartered Accountants
07.1999 - 02.2003
Education
CPA -
CPA Australia
Melbourne, VIC02.2010
Master of Commerce - Accounting & Finance
Deakin University
Melbourne, VIC2005
Bachelor of Commerce - Accounting & Taxation
H.R.College of Commerce & Economics
Mumbai2001
Skills
- Technology Business Management SME
- Work Planning and Prioritization
- Financial Reporting and Analysis
- Excellent Team Leadership
- Budgeting and finance
- KPI management
- Strategic and financial planning
- Cost control and reduction
- Manage and build multi year investment plans
- Public Sector experience
- Service Cost modelling and IT Financial Management
Affiliations
I offer a substantial track record in leading IT Financial management in both public and private sector. I am outcome focussed finance professional, offering a history of demonstrated success in managing high value projects & Business Units. I have driven collaboration with cross functional stakeholders by providing analysis to progress strategic and commercial decision making with a focus on improving business performance of key drivers. I offer unique mix of capabilities in interpreting complex engineering concepts and its implications to finance and commercials. I have strong track record of building multi-year investment plans, productivity programs, managing & reporting on P&L in a highly technical environment. I have a strong understanding of Technology Business Management and cost drivers associated with Technology & Digital cost base. CAPABLITIESHigh level of competence in commercial finance, management reporting, investment appraisal, strategy, transformational change, insights & analytics, corporate planning, budgeting, forecasting, Service cost modelling, TCO analysis, tender evaluation, costing framework and design, program management, Board presentation materials, business case design and due diligence. History of being chosen to lead roles in complex and challenging projects and programs often requiring fixing, reflecting a commitment to excellence, the ability to engage stakeholders at all levels and influence commercial outcomes that outperform budget expectations.Analytical, proactive hands-on problem solver, able to grasp concepts and distil complex issues into clear actionable insights, set high expectations for myself and team, able to challenge status quo and transform. Hands on experience in variety of financial reporting software suites including power BI, Excel and Apptio.Broad people leadership experience, recognised as a listener, collaborator, goal setter, innovator, capable of recruiting and developing team capability, help team members achieve their best Track-record of being focussed on long term objective and strategy of the organisation. Recognised to be driven, passionate, relentless, resilient to ongoing change.
Timeline
Director Finance
Cenitex
10.2022 - Current
Financial Planning & Analysis Manager
Cenitex
05.2021 - 10.2022
Manager Finance Business Partnering
Cenitex
08.2020 - 05.2021
Finance Business Partner
Cenitex
11.2017 - 08.2020
Consultant
13TECH PTY LTD
07.2017 - 11.2017
Consultant
National Australia Bank, NAB
02.2017 - 05.2017
Business Performance manager
Telstra
01.2013 - 08.2016
Finance Specialist
Telstra
06.2011 - 12.2012
Business Analyst
Telstra
07.2007 - 05.2011
Business Analyst
Exxon Mobil Corp
06.2006 - 07.2007
Energy Consultant
Red Energy Pvt. Limited
07.2005 - 03.2006
Sales Consultant
Salesview Consulting Pvt. Limited
03.2004 - 06.2005
Team Leader
Seema H. Shastri & Co
03.2003 - 01.2004
Senior Auditor
Gandhi & Associates Chartered Accountants
07.1999 - 02.2003
CPA -
CPA Australia
Master of Commerce - Accounting & Finance
Deakin University
Bachelor of Commerce - Accounting & Taxation
H.R.College of Commerce & Economics
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