Satyajit Lele

Mumbai, Maharashtra, India
Chartered Accountant, Project Management
About
Reading between the numbers is my passion and profession. I am a firm believer that people deliver the numbers and I believe in building teams that deliver.
Talents
Work Experience
Manager Accounting & Controlling
Siemens Limited
Full Time Mar-2016 To present 9 years
Responsibilities
  • A diversified role wherein I lead a team of 4 which is responsible for Balance Sheet Reviews (BSR)
    •Help Financial Statements team in the monthly closing and reporting by ensuring correctness of Balance Sheet positions through periodic BSRs, GL scrutiny and process reviews
    •Conducting annual and quarterly BSRs based on criticality of BUs, specific business requirements and interaction with senior management with an aim to:
    o Ensure correctness of Balance Sheet positions
    o Assess compliance with operating policies and procedures
    o Continuously review the process / system for improvement opportunities
    •Ensuring that the processes are improved based on observations of BSRs
    •Preparation and presentation of Management Report(s) to BU and Division CFOs, such as Balance Sheet Review reports, Exceptions reports for Construction Contracts and Provisions
    •Responsible for governance of Bank Recs., BSR, Fixed Assets & General Ledger teams of a captive BPO
    •Managing and delivering M&As
Achievements
  • o Built a well knit team and handled quite a few people related challenges
    o Handled carve out of Healthcare business (TO ~ INR 1200 crores) from Accounting side, independently
    o Took BSR project to next level and brought about significant changes, new model of BSR was well received by independent Healthcare company and is considered as one of the measures of BU CFO’s performance
Manager Accounting & Controlling (QA)
Siemens Limited
Full Time Jul-2014 To Feb-2016 1 year 7 months
Responsibilities
  • •Development of BSR model working closely with Business Units and BSR team of Captive BPO
    •Topic wise reviews of AR, Other Receivables and Reconciliation of Local Inter Company transactions
    •Responsible for Cash Based Accounting (CBA) by analysing projects with non investment grade customers and determining revenue recognition in accordance with CBA policy
    •Implementation of reconciliation tool (TrueReconciliation) with an aim to automate the BSR process
    •Responsible for governance of BSR, Bank Recs. and AR Ops
Achievements
  • o Successfully tackled sticky issue of money received from customers lying unclaimed, which had a huge cash flow impact on the businesses, by introducing robust process and Revamp of Bank Reconciliation process
    o Awarded Siemens Puraskaar for exceptional performance
Managing Partner
S P LELE & CO
Full Time Mar-2011 To Jul-2014 3 years 4 months
Responsibilities
  • •Carried out various projects and assignments for the clients across different verticals such as pharmaceutical, digital imaging, general insurance and early stage start ups
    • Key projects / assignments handled:
    o External CFO services and corporate restructure
    o Risk based internal audits
    o Consecutive loss & damage management
    o Drafting of Information Memorandums for PE placements and Bank Funding
Achievements
  • o Successfully managed up to 3 assignments simultaneously and oversaw teams of 3-4 resources
    o Preparing pitch documents and negotiations with prospective clients for fees
    o Assignment planning and execution right from deciding timelines in consultation with clients, resource requirements, work plan and distribution of work and review during execution through to discussion and conclusion with the client
Senior Executive-Infrastructure Controlling
Siemens Limited
Full Time Jul-2010 To Mar-2011 8 months
Responsibilities
  • • Analysed capital investment requirements with a view to improve productivity, ensure cost saving and shortest payback period
    • Successfully conducted investment appraisals for IT Infrastructure & other IT services improvements
    • Service costing, budgeting and cost allocations
    • Monitoring of shared service costs
Senior Executive-Assurance
B S R & Associates (KPMG Affiliate)
Full Time Mar-2008 To Jul-2009 1 year 4 months
Responsibilities
  • • Carried out assignments for the clients across different verticals such as engineering technology, apparel and fashion and entertainment.
    • Assignments involved
    o Group Reporting,
    o Statutory audits (SOX audit)
    o Special purpose audits
Education
Chartered Accountant, Chartered Accountant
Institute of Chartered Accountants of IndiaInstitute of Chartered Accountants of India
2005-2008
Bachelor of Commerce, Commerce
University of MumbaiUniversity of Mumbai
2000-2005
Profile Snapshot
Satyajit is based out of Mumbai & has studied Chartered Accountant, CA-Chartered Accountant from Year 2005-2008 in ICAI-Institute of Chartered Accountants of India, Institute of Chartered Accountants of India.
Satyajit Lele is Skilled in Chartered Accountant, Project Management, Balance Sheet