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Kumaran Dayalan

Kumaran Dayalan

Assistant Vice President

Thomson Reuters

Bangalore, Karnataka

Assistant Vice President at Thomson Reuters

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Thomson Reuters

Assistant Vice President

• Conceptualized and developed a new General Accounting Model working with PMO to move away from a Geography based model to a Process based model
• Developed solution standards, process reengineering, location mapping, people realignment to suit the new model
• Developed and implemented process designs for comprehensive people cost accounting which accounts for 65% of the Operational Cost of TR. People Costs include Salaries, Bonus, Commissions, T&E, Severance, Global Mobility, Pensions and Benefits & Fringes
• Consolidated all cost assurance, BS Reviews, Audit Co-ordination and Global Accounting project roles into one team
• Designed Metrics which measure the health and efficiency of the General Accounting Organization

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Career
Career medium 01

Thomson Reuters

Project Controller

• Responsible for the accuracy and timeliness of the F&R (largest business unit within TR) income statement consolidation from an operating costs perspective
• Providing succinct variance analysis that is value-added to senior management who need not have the deep understanding of each sub-division within F&R
• Assisting with the balance sheet and free cash flow consolidation, including liaising with various teams across Thomson Reuters to provide useful variance analysis
• Building the free cash flow budget and quarterly rolling forecasts
• Responsible for cost assurance of global operating expenses for the Content, Technology & Operations, and Editorial businesses under IFRS
- The CT&O business is responsible for buying content and data from third party vendors to be used in Thomson Reuters’ products, providing/maintaining the infrastructure for the transmission of real time data to clients, and providing/maintaining the internal IT infrastructure supplied to all employees
- The Editorial business is responsible for the journalistic stories and pictures that go with the Reuters brand
• Ensuring a successful month-end close, including working with global teams located in Singapore, India, the US and London to ensure all journal entries are posted, operating expenses are fully reviewed, and variance analysis against budget/forecast is accurately reported
• Liaising with the various stakeholders within the Accounting Services organisation, and the Markets business to discuss and review the need for current and new accruals to ensure the operating expenses are accurate, and expected costs are properly accrued for
• Reviewing quarterly global balance sheet packs for the above businesses with the stakeholders within the Markets business
• Reviewing quarterly intangible asset listings for impairment
• Managing a team of 6 staff members in London and providing ad hoc assistance as and when required

Career

Thomson Reuters

Senior Manager- General Accounting

• Responsible for managing the General Accounting Activities for the Markets Division of TR supporting Europe and Americas
• Supporting end to end closing & reporting function of the GA team also providing directions to the managers in payables and receivables
• Responsible for providing Cost Assurance and preparation of Flash P&L and Balance Sheet
• Managing the Balance Sheet Reconciliations. Coordinating with units to get the resolution of all open items
• Own and hold periodic reviews with stakeholders on Operational performance
• Liasioning with Statutory Auditors for Annual Audit and SOX Audits
• Half Yearly and Yearly Individual Performance discussions and appraisals
• Analysing data and trends, implementing projects for continuous improvement based on Lean Six Sigma methodologies

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Thomson Reuters

Business Planning Manager

• In charge of preparing the monthly Performance Pack for FGA (Business Division of Ex-Reuters)
• In charge of the Cost & Headcount Budget for all FGA Cost Centres and provided Actual Vs Budget Variance Commentary for Management Reporting Consolidation
• Involved in preparation of Account Plans for all 26 FGA Customers
• Transitioned the Profitability Insight month end process and also supported the central PI team for an Interim period

Career

Thomson Reuters

Team Leader & Assistant Manager

Global Reporting & Spend Analysis
• Centralized running of reports related to Cost, Revenue, Head Count, Budget Vs Actual Variance
• Enhancements and automations to the reports
• Working with Business Finance Heads to enhance the quality of reports and adding new components
• Preparing Cost Outlook & Spend Analysis reports which enable Finance Heads to manage spend at Business Unit level
Master Data
• Functioning as Global Data Manager
• Control the Period Open and Close for all Reuters Entities
• Control the procedure for changes in Global Chart of Accounts
• Control the procedure related to changes made to the SSAM database
• Manage the Vendor & Bank Master for all regions
Performance Management Function
• Reporting of Metrics for all processes done out of GSC
• Development and enhancement of Metrics

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Career
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Hewlett-Packard

Assistant Manager- Finance

• Involved in the setup and development of the validation of claims function for Rebates programs run by Americas Partner Operations.
• On-site transitioning of the Price Protection Process from HP, California, U.S.A.
• Analysed the revenue generated out of large scale discount programs like Big Deals, Discount Now and Education Rebates with that of the margins foregone and the rebates provided.
• Provided analytical support to pricing teams on the impact of impending price changes and forecasting pay-outs to distributors to cover the margin loss.
• Managed projects revolving around End User Verification, Documentation & Policy Research, Investigation Projects & Profiling, Application & Data Support and Analysis Teams.
• Was working as part of a team that is involved in tracking fraudulent Resellers and recovering dollars siphoned from Hewlett Packard.
• Involved in drawing up Business Fundamental Tables, metrics for the Validation team and Price Protection Team, managing potential failure modes, and process up gradation.
• Writing of Sql queries to extract data from the database for analysis.

Career

Institute of Chartered Accountants of India

ACA, Accounting & Finance

Bangalore University

Bachelor of Commerce (B.Com.)