Amrit Pai

• Collaborated with cross-functional teams to develop comprehensive financial strategies aligned with business objectives.
• Prepared comprehensive financial reports by collecting, formatting and analyzing key data points.
• Completed variance analysis and quarterly forecast reporting to maintain data integrity and accuracy.
• Performed financial modelling and identified key areas for improvement to enhance business performance.
• Conducted detailed financial analysis with various financial tools to examine the costs and increasing margins.
• Conducted regular reviews of financial systems and processes, recommending improvements that resulted in increased efficiency and effectiveness.
• Identified cost-saving opportunities by conducting thorough expense analyses across various departments.

Achievements

• Streamlined cost sheets for solar and battery systems, cutting the quoting process by 2 hours daily and increasing productivity.
• Revamped the administration process and key functions, including customer communication and financial templates, leading to a simpler, more efficient workflow and increased productivity.

• Working for one of the Big 4 Banks in Responsible Lending with an understanding of APRA, ASIC and NCCP regulatory requirements.
• Assessment of Home loan applications of PAYG consumers submitted via Broker channel.
• Analyzed customer data such as financial statements to determine level of risk involved for extending credit.
• Reviewed credit reports to comprehensively view borrowers' credit history and identify potential red flags.
• Ensured compliance with internal policies and regulatory requirements through diligent documentation of all credit decisions.
• Reviewed and approved or denied credit applications to keep organization profitable by making informed lending decisions.

• Managed relationships with key accounts like BHP, Downer, Rio Tinto, etc. to ensure debts were collected on time to maximise cash flow and reduced Days Sales Outstanding.
• Managed monthly cash flow of A$3 million with recollection rate of around 85%
• Conducted risk assessments for increasing the credit limit and reporting the high risk accounts to the national credit manager.
• Engaged with the relevant stakeholders to resolve customer queries within 48 hours (KPI), otherwise, if the issue was more complex the timeframe was negotiated.
• Reporting of payments into ASW. (IBS Business Application Software for financial reporting)
• Collaborated with finance team and key stakeholders to identify opportunities for process improvement for the accounts receivable function.

Achievements

• Created and implemented new workflow processes to address overdue and complex debts from major clients like BHP, Rio Tinto, and Glencore. By fostering strong client relationships, collected $1.5 million in long-term debt within a year.
• Developed and executed a streamlined process for managing invoice records and key account information, boosting productivity by 5 hours per week and improving cash flow within 6 months.

• Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
• Evaluated historical results; conducted variance analysis; identified the trends and made recommendations for improvements.
• Developed financial projections and forecasts to guide investment decisions.
• Identified financial and industry risks and provided various solutions to maximise the profit and stabilise the operations.
• Participated in fundraising of A$20 million to open a new business division liaising with bankers and financial institutions.

Achievements

• Led a team of 10 to upgrade the financial payment system, reducing the collection period from 95 days to 75 days and cutting interest expenses by about A$4 million within the first year.
• Optimized the Inventory Management System, cutting the inventory holding period from 30 days to 15 days and enhancing working capital management.

• Evaluated financial statements and presented findings to management to assist with business decision-making.
• Created financial reports to assist with budget preparations and tracked business performance.
• Prepared financial forecasts and budgets, then compared with actuals.
• Formulated projected financial statements and models for planning future credit requirements – for example, the model called CMA. (Credit Monitoring Arrangement)
• Supported the broader finance team with an overload of accounts and banking processes.
• Liaised with internal and external stakeholders to collaborate on finance projects and improvement initiatives.

Achievements

• Promoted to Financial Analyst from Finance Executive within the first 12 months.
• Achieved company strategic target of raising A$5 million in business loans.