Summary
Overview
Work History
Education
Skills
Affiliations
Certification
Timeline
GeneralManager
Satish Devarakonda

Satish Devarakonda

Finance Director
Melbourne,VIC

Summary

Career Vision: Derive satisfaction and continuously learn by contributing to a dynamic and future focused team in apply my financial knowledge and managerial skills to accomplish organization’s purpose and vision.

A Corporate Finance Director with extensive experience in financial analysis, forecasting, reporting, strategy development, stakeholder and operations management. I have demonstrated success in improving enterprise value through business creation and business process improvement.

An astute and competent leader with extensive experience in managing senior stakeholders. I am an experienced individual in finance and operations, who thrives driving change and solving complex problems while building strong collaborative relationships based on trust and respect. I personally flourish in an environment that allows me to learn and work with teams that are inclusive, purpose driven, focused on continuous development and seek to exceed expectations.

My strength is adaptability. Being able to pivot between roles driving financial and commercial based outcomes to roles driving innovative technology-based outcomes requires a certain amount of flexibility and ability to adapt. That feeling of value to an organization is heightened because of this. As a leader I aim to create a work environment that supports inclusion and diversity for all. I am passionate about being a coach and mentor to my teams, with a focus on building their capabilities aligned to their strengths and providing new opportunities.

Steadfast Finance Director with 8 plus years of managing multimillion-dollar business operations. Successfully optimizes frameworks and cultivates cohesive teams to meet and exceed business financial goals. Excellent reporting, record keeping and relationship-building abilities.

Systematic Financial Executive with15years of experience in Management finances and reporting. Trained in financial project management, customer service, scheduling, financial assessments and investment advising. Collaborates closely with clients to optimize specialty financial plans and profitable outcomes.

Overview

20
20

Years of professional experience

3
3

Years of post-secondary education

1
1
Certification

Work History

Growth Markets Finance Director, Finance

Accenture
2018.03 - Current
  • Director of the Strategy and Consulting business service comprised of eight market units spanning across multiple geographies.
  • I am responsible for the Business and Financial performance of the GM Strategy and Consulting arm.
  • A dynamic and fast-paced growth engine, Supporting the sharpest of minds.
  • Collaborate with Business Leaders to enable growth and deliver profitability improvement.
  • Advise the leadership team on strategic priorities and deliver road map to achieve annual plan.
  • Drive profitability and business growth, position the consulting business for a sustainable growth trajectory through multiple initiatives and actions.
  • Responsible for planning, forecasting, analytics, and accuracy of monthly and quarterly financial results.
  • Ability to plan and budget for people costs, assets and innovation centers.
  • Responsible for the full P&L; Sales, Revenue, Margins and Operating Income.
  • Enable growth by collaborating with business runners to support proposals and maximize deal economics.
  • Lead reviews of key operational metrics to drive efficiency and improve profitability.
  • Mentor, champion and motivate a very diverse finance team.
  • Financial and commercial based outcomes to roles driving innovation requires a certain amount of flexibility and ability to adapt.
  • Pricing and rate card negotiations with Client Teams.
  • Evaluated competitor data and statistics to develop business investment strategy and drive growth.
  • Mitigated process gaps and managed all operational functions, including account openings, trades, documentation, regulatory compliance and marketing collateral.
  • Assessed expansion plans and presented costs to forecast trends and recommend changes.
  • Maintained agile, responsive organization with sustained revenue growth by monitoring industry forecasts, honing budgets and adjusting marketing strategies.
  • Trained new and existing staff members in various financial procedures to prepare for job requirements.
  • Drove industry-leading profit increase by transforming production process and aligning sales targets to meet dynamic industry conditions.
  • Spearheaded expansion strategies to increase business market share, drive growth and bring in improved sustainable growth in a span of 18months
  • Created organizational structures to improve finance functions.

Finance Lead Asia Pacific Strategy Business Unit

Accenture
Melbourne , VIC
2015.03 - 2018.02
  • I was part of the newly formed Asia Pacific Strategy Leadership team as the Finance lead and Business Advisor.
  • The focus was to create a brand and awareness for Strategy externally and internally.
  • Worked closely with Senior Stakeholder and Strategy Leadership across geographies.
  • Key finance change agent to assist Accenture transform the newly formed Business Unit.
  • Reorganized all planning, reporting and analysis processes.
  • Drove focus on allocation of resources, reporting and analytical processes.
  • Coordinate all planning, reporting and analysis within the Strategy Service Unit.
  • Drive profitable growth and improve market share
  • Identify process efficiencies to drive change management initiatives that enhance business value and performance.
  • Provide proactive, analytical reports to C-suite executives ensuring financial viability.
  • Oversee a six-member finance team comprised of local and offshore resources to support long-range strategic planning and analysis.
  • Budget and forecast people cost and endeavor for the perfect interlock of revenue growth and cost optimization.
  • Drive compensation and affordability modelling and partner with country CFO’s.
  • Identified issues, analyzed information and provided solutions to problems.

Finance and Analytics Lead Public Service Industry

Accenture
Melbourne , VIC
2011.09 - 2015.02
  • For the Public Service Business Responsible for maximizing financial performance, of the Health and Public Service Operating unit, across the APAC region.
  • Bringing insight, agility, and transparency with high impact management accounting advice being the core focus.
  • Lead and co-ordinate the financial planning processes across 5 business units across Asia Pacific (sales and revenue through operating income).
  • Prepare materials in support of monthly state of the business reviews, quarterly business reviews, and other leadership meetings with Accenture Leadership.
  • Formulated financial models to evaluate financial viability of new business proposals.
  • Determined accounting treatment & GAAP compliance based on deal construct and contract terms & conditions.
  • Detailed involvement in the annual Account planning exercise across all 5 Geographic units within the APAC region, provide deal level information, ascertain focus clients and guide the Country Business Leads to achieve the committed growth targets.
  • Coordinate all reporting and analysis within Accenture’s APAC Health and Public Service Business Unit.
  • Oversee a five-member finance team comprised of local and offshore resources to support long-range strategic planning and analysis.
  • Used critical thinking to break down problems, evaluate solutions and make decisions.
  • Developed and implemented performance improvement strategies and plans to promote continuous improvement.

Client Finance Manager

Accenture
Melbourne , VIC
2008.05 - 2011.08

Client Financial Management Finance Lead. Optimizing Accenture's financial performance on our major clients within the Australian geographic Unit. Taking complex financial outputs across multiple contracts and distilling into actionable intelligence for our client account leads to make business decisions

  • Maximize financial performance through financial forecast, reporting and control at the engagement level.
  • Monthly scorecard reporting to senior management with financial, commercial Analysis, working capital and risk assessment.
  • Stakeholder management by advising and consulting the Client Account and Delivery teams on Finance processes, progress, and issues, providing early visibility of potential problems and advise on necessary measures to ensure minimal financial risk.
  • Assessed expansion plans and presented costs to forecast trends and recommend changes.
  • Analyzed financial statements against forecasts to prepare high-level variance analysis.
  • Maintained agile, responsive organization with sustained revenue growth by monitoring client spend patterns, honing budgets and adjusting growth strategies.
  • Partnered with IT, business development and operations leadership to develop robust financial business plan with detailed benchmarks and action plans.
  • Mitigated process gaps and managed all operational functions, including account openings, trades, documentation, regulatory compliance and marketing collateral.
  • Trained new and existing staff members in various financial procedures to prepare for job requirements.

Financial Analyst

Hewlett Packard Australia Ltd
Melbourne , VIC
2005.04 - 2008.05
  • Business Strategic Support.
  • Maximize HP Managed Services financial performance through financial reporting, appropriate Stakeholder management and control at the engagement level.
  • Control and management of financial and operational process from bid to project closure.
  • Part of the Bid Team as an Opportunity Consultant/SME for designated deals & Projects.
  • Analyze results and trends related to key drivers of the business, potentially including New Bookings, Annual Contract Revenues, Cost to serve, associated headcount/productivity drivers, and formulate recommendations for leadership action at the appropriate level of detail across different account level.
  • Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability and expense forecasts.
  • Developed forecasting tools to analyze revenue variance, business pipeline and industry trends.
  • Developed and deepened client relationships to cement profitable partnerships.

Education

MBA - Finance

University of South Australia
2003.01 - 2005.01

Masters - Commerce (Management & Financial Accounting

Bangalore University
1999.01 - 2000.01

Skills

Corporate Finance

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Affiliations

Institute of Chartered Accountants – India

Certification

Chartered Accountant

Timeline

Growth Markets Finance Director, Finance

Accenture
2018.03 - Current

Finance Lead Asia Pacific Strategy Business Unit

Accenture
2015.03 - 2018.02

Finance and Analytics Lead Public Service Industry

Accenture
2011.09 - 2015.02

Client Finance Manager

Accenture
2008.05 - 2011.08

Financial Analyst

Hewlett Packard Australia Ltd
2005.04 - 2008.05

MBA - Finance

University of South Australia
2003.01 - 2005.01

Masters - Commerce (Management & Financial Accounting

Bangalore University
1999.01 - 2000.01

Chartered Accountant

Satish DevarakondaFinance Director