Ankit Shah
Financial Planning and Analysis
Mumbai
Summary
Experienced professional with a track record of success in leading teams and driving business growth. Proficient in financial data analysis, forecasting and budgeting, business analytics. Proven ability in manpower performance management and re-engineering. Adept at collaborating with cross-functional teams to achieve organizational objectives.
Overview
12
12
years of professional experience
4
4
years of post-secondary education
Work History
Assistant Vice President
Yes Bank
Mumbai
11.2022 - Current
- Established a high-performance culture within the team by setting clear expectations and providing regular feedback on individual performance contributions.
- Optimized resource allocation by analyzing operational needs, reallocating resources as needed to maximize efficiency across all functions.
- Increased efficiency by streamlining processes and implementing new software tools for the team.
- Fostered strong relationships with key clients, leading to repeat business and a significant increase in customer satisfaction ratings.
- Support business financial reporting,analysis & consolidation of data.
- Develop dashboards & reports on monthly/quarterly basis with analysis for activities like Month-end reporting, forecasting for presentation/review with senior management and finance group head.
- Variance analysis with commentaries for the significant movement in numbers, to identify the key drivers of business to measure business performance against these key drivers, to identify pain points and to take corrective measures.
- Preparation of month end management reports and review with senior management to assist them in making strategic & operational decision.
- Pipeline Management, Track and report on pipeline progress, ensuring accurate and timely updates, Identify potential risks and opportunities within the pipeline and communicate them to the Sub region Head.
- Strategic Presentations, Prepare and compile strategic presentations for internal and external stakeholders, Ensure the timely mailing and distribution of presentations and other relevant documents
- Compile and analyze weekly performance data, generating reports and insights for the Sub region Head, Coordinate with the performance management team to ensure accurate data collection and reporting, Support the creation of performance dashboards and other tracking tools.
- Strategic Planning, Assist in the development and implementation of business development strategies and initiatives, Support strategic decision-making processes by providing data-driven insights and recommendations.
- Budgeting, Monitor budget expenditures and provide regular reports on budget performance. Assist in the preparation of financial forecasts and budget planning sessions
- Re-engineer, streamline, and integrate reports/processes. Implement data/report standards for consistent reporting & mini-automation to enhance reporting/analytical capabilities, efficiency and performance.
- Ensure timelines, accuracy & quality of reports in high growth environment. Provide scalability & strengthen analytical capabilities.
- Collaborate & coordinate with finance functions (BIU, Accounting team), various levels of management (Finance Group head, Unit head) & key stakeholders (Business group heads, Product heads, Product managers) to enhance reporting capabilities. To build relationships, work effectively and achieve results working in matrix organization. Ensure timelines, accuracy and quality of reports.
- Support developing, implementing & managing adhoc reporting. Examine & evaluate content/characteristic of existing reports (like origin, report flow, format, frequency etc.) and support in developing/consolidation of new/existing report/format.
- Analyzing incentive cost for the entire bank on a monthly/quarterly basis (Actual vs. Budget, MOM actual trend analysis, Actual vs. Forecast), reviewing the incentive structure for the various roles in the bank and improving the structure to drive the business/bring in cost save for the bank.
- Review of business proposals and challenge these w.r.t. past performance, future potential etc.
- Support business in maintaining cost levels in line with revenue and volume improvement.
- Developed a forecasting model for monthly forecast activity of incentive cost this helped the accounting team to make provisions in the balance sheet more accurately and senior management to make beforehand strategic decisions.
- To overall control the incentive cost for the bank and to bring in cost saves on an annual basis without impacting the business.
- Consolidation of budget & analyzing/challenging/questioning & finalizing the budget with business.
- Preparation of budget presentation and review with senior management. To drive top down adjustments in the budget.
Manager
HDFC Bank
Mumbai
08.2019 - 11.2022
- Accomplished multiple tasks within established timeframes.
- Develop dashboards & reports on monthly/quarterly basis with analysis for activities like Month-end reporting, forecasting for presentation/review with senior management and finance group head.
- Controlled costs to keep business operating within budget and increase profits.
- Variance analysis with commentaries for significant movement in numbers, to identify key drivers of business to measure business performance against these key drivers, to identify pain points and to take corrective measures.
- Collaborate & coordinate with finance functions (BIU, Accounting team), various levels of management (Finance Group head, Unit head) & key stakeholders (Business group heads,Product heads, Product managers) to enhance reporting capabilities. To build relationships, work effectively and achieve results working in matrix organization. Ensure timelines, accuracy and quality of reports.
- Analyzing incentive cost for entire bank on monthly/quarterly basis (Actual vs. Budget, MOM actual trend analysis, Actual vs. Forecast), reviewing incentive structure for various roles in the bank and improving the structure to drive the business/bring in cost save for the bank.
- Review of business proposals and challenge these w.r.t. past performance, future potential etc.
- Support business in maintaining cost levels in line with revenue and volume improvement.
- Developed a forecasting model for monthly forecast activity of incentive cost this helped the accounting team to make provisions in the balance sheet more accurately and senior management to make beforehand strategic decisions.
- To overall control the incentive cost for the bank and to bring in cost saves on an annual basis without impacting the business.
- Consolidation of budget & analyzing/challenging/questioning & finalizing the budget with business.
- Preparation of budget presentation and review with senior management. To drive top down adjustments in the budget.
Consultant
Capgemini Ltd
Mumbai
02.2016 - 08.2019
- Support financial reporting, analysis & consolidation of data.
- Develop dashboards & Reports with analysis for activities like Month-end reporting, Forecasting.
- Consolidation of budget & forming of allocation keys for the global Facilities function cost.
- Asia Pacific Financial controlling of Facilities cost.
- Forming of Monthly Forecast of Asia Pacific based with the discussion with local finance directors/Finance controllers/Operational managers.
- Financial reporting, analysis and variance analysis of Asia pacific to management in form of dashboards and Monthly Financial packs
- Forming of yearly budget for Asia pacific based on the inputs received and discussions with the local Finance directors/Finance controllers/Operational managers, submitting the Budget to the group for approval and reverting all cross-questioning from the group on the budgeting (OPEX & CAPEX), reporting the numbers in the management reporting system, preparing the final budget packs and presenting it to the Local finance directors.
Financial Analyst
Deutsche Bank, DBOI
Pune
07.2014 - 02.2016
- Streamlined financial reporting for better decision-making with clear, concise analysis and presentation.
- Facilitated smooth month-end close processes by efficiently reconciling accounts and addressing discrepancies promptly.
- Supporting cost allocation enquiries from onshore Clients
- Provide accurate and timely Flash, Provider and client view variance analysis, forecasting, budgeting.
- Form relationships with offshore production to understand error root-cause and improve future booking procedures
- Prepare management updates on key projects, financial controls, ongoing operational initiatives, financials and related activities.
- Improve financial control activities around accruals, spend governance, cost bookings, error root-cause and correction
- Perform reconciliations activities as required including comparison of sub-system output and residual analysis
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
Senior Associate
Sungard
Pune
08.2012 - 06.2014
- Instruct US GAAP and custom financial data tags in balance sheet, income statement, cash flow statement, stockholder's equity statement, other comprehensive income statement, and notes for legal reporting.
- Create extensive business reporting mark-up language (XBRL) to increase data integrity.
- Streamline process to validate financial database information used in preparation of quarterly and annual financial reporting
Education
MBA - Finance
MET Institute of Management
Mumbai, India 04.2010 - 03.2012
Master of Commerce - Commerce
Hinduja College of Commerce
Mumbai, India 04.2008 - 04.2010
Skills
Financial planning and analysis Business planning Budgeting Forecasting Variance Analysis Business development P&L management Cost analysis and savings Pipeline management Performance evaluation Re engineering Strategic presentation Analytical thinking Advance excel
Accomplishments
- Streamlined incentive polices/process which resulted in Rs. 50Mn(Annual) cost save in incentive cost in Yes Bank for which received Spot awards in July'24 & Team of champion award in Mar & Sep 24. Was also promoted to AVP designation in Oct 24.
- Streamlined incentive polices/process which resulted in Rs. 500Mn(Annual) cost save in incentive cost in HDFC Bank for which received 2 Gold star awards in Feb '20 & Nov '20.
- Received 3rd price in Global Finance Award in Capgemini Ltd in 2017 for developing a SharePoint tool to streamline Budget process.
- Received Spot Award in July '15 for delivering quality jobs on time in Deutsche Bank(DBOI).
Timeline
Assistant Vice President
Yes Bank
11.2022 - Current
Manager
HDFC Bank
08.2019 - 11.2022
Consultant
Capgemini Ltd
02.2016 - 08.2019
Financial Analyst
Deutsche Bank, DBOI
07.2014 - 02.2016
Senior Associate
Sungard
08.2012 - 06.2014
MBA - Finance
MET Institute of Management
04.2010 - 03.2012
Master of Commerce - Commerce
Hinduja College of Commerce
04.2008 - 04.2010
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