Rakesh Devanga

Director of Engineering

Bengaluru, Karnataka, India21 yrs 9 mos experience
Most Likely To SwitchHighly Stable

Key Highlights

  • 20+ years of experience in Finance and Accounts.
  • Expert in Financial Planning and Analysis.
  • Led successful system migrations and process implementations.
Stackforce AI infers this person is a Finance and Accounting expert with extensive experience in Tech and Offshore taxation sectors.

Contact

Skills

Other Skills

AccountingAccounts PayableAccrualsAnalysisAuditingBankingBookkeepingBudgetsCorporate FinanceFinanceFinancial AccountingFinancial AuditsFixed AssetsForecastingIFRS

About

Chartered Accountant with 20+ years' Finance and Accounts experience - Core and technical Accounting, System and Process migration and implementation Controllership, Financial Planning and Analysis, Compliance and Audit in Tech and Offshore taxation sectors. Site and GCC leadership.

Experience

Agilon health

2 roles

Director Finance -FP&A

Promoted

Apr 2023Present · 2 yrs 11 mos

Senior Manager

Feb 2022May 2023 · 1 yr 3 mos

Finastra international limited

Finance Lead

Aug 2016Feb 2022 · 5 yrs 6 mos · Bangalore Urban, Karnataka, India

  • Finance Lead responsible for Group and Entity Accounting and Controllership

Abacus seychelles limited

GM Operations

Aug 2014Jun 2016 · 1 yr 10 mos · Seychelles

  • 1. Managing Delivery Operations and Finance & Accounting functions.
  • 2. Set-up shared services center at Mauritius. Helped re-organizing teams across functions.
  • 3. Provided product strategy and business direction

Captronic systems pvt ltd

Senior Finance Manager

Feb 2013Jul 2014 · 1 yr 5 mos · Bangalore Urban, Karnataka, India

  • 1. Headed Finance and Accounting.
  • 2. Project financial management - Project financing, approval of procurement budget and analysis of project profitability, collections
  • 3. Project Pricing
  • 4. Budgeting and variance reporting
  • 5. Investor Relations

Misys banking systems

Associate Manager - Order to Cash

Jul 2008Jan 2013 · 4 yrs 6 mos · Bangalore Urban, Karnataka, India

  • 1. Revenue assurance, billing and cash application.
  • 2. Revenue forecasting and variance analysis.
  • 3. Tracking project costs and reporting onerous contracts
  • 4. Preparing monthly profitability ‘packs’ and reviewing project financials with regional and functional directors
  • 5. Royalties and Sub-contractors cost management

Misys

2 roles

Associate Finance Manager

Jul 2008Jan 2013 · 4 yrs 6 mos

  • Responsible for entire services revenue and direct non-payroll costs of Misys with a team of people
  • Daily Responsibilities - Revenue assurance, billing, indirect taxes compliance per EU VAT laws (includes determining VAT applicability on billing, sourcing and validating the VAT numbers of the client, co-ordinating with VAT consultant on special cases), service tax compliance on billings to Indian clients, accounting, transfer pricing, forecasting, hedging, meeting various SLAs, manage escalations, continuous process improvement, aligning team performance with company values
  • Month-end Responsibilities - Accruals, monthly billing for TM contracts, providing inputs on filing monthly indirect tax returns, MIS, Billing and Revenue Forecasts, preparation of project financials and analysis of project profitability versus budgets, preparation of monthly review packs and review with Regional Finance Directors
  • Year-end Responsibilities – Audit co-ordination, Performance review, Goal setting and Growth Planning for the team
  • Highlights -
  • Joined Misys as a Revenue Analyst and with effective and efficient performance, rose to become Associate Manager
  • Successfully transitioned revenue processes of 40 Misys companies from across the world, recruited and trained the team and also created back-ups by cross-training
  • Standardized and streamlined the end-to-end process adopting industry’s best practices
  • Brought down TAT for billing from 60 days to 30 days for billing client-reimbursable expenses

Revenue Analyst

Jul 2008Jul 2010 · 2 yrs

  • Order-to-Cash
  • Individual role Responsible for Licence fee revenue, billing, transfer pricing, audit, indirect taxes and direct costs of Europe, Africa, Middle East and Asia, month-end activities and MIS
  • Highlights-
  • Successfully transitioned and streamlined the Licence fee revenue process of European entities
  • Simplified, automated and standardized the process
  • Cleared 90% of overdue unbilled contracts by triggering the Maintenance fee billing and also
  • Was actively involved in transitioning royalties payment process and clearing long outstanding payables, streamlining the process and training people

Amicorp

Team Leader

May 2007Jul 2008 · 1 yr 2 mos

Amicorp management india pvt ltd

Team Leader

May 2007Jul 2008 · 1 yr 2 mos

  • Spain-based Trust Management Company) as; , Client Accounting Department
  • Team leader role responsible for implementing cross-border tax structures and managing (accounting per IFRS, Statutory compliance, co-ordinating with auditors, etc.) for over 500 Luxembourg client companies in co-ordination with the Relationship Managers and Legal Advisors in an ISO 9001 environment
  • Highlights-
  • Successfully helped implement and account a complicated cross-country tax structure for a ProSieben group
  • Was instrumental in convincing RM and transitioning 150 client companies from Luxembourg branch

Sundaresh & co

Articled Clerk

Aug 2000Oct 2003 · 3 yrs 2 mos

  • Chartered Accountants
  • Individual role for the first 2 years with exposure to
  • Book-keeping
  • Internal audits, stock audits & Statutory audits of Companies, Banks, Non Profit Organizations, Partnership firms & Individuals
  • Concurrent audits & bank audits
  • Building up accounts in search cases
  • Preparing Direct Tax returns
  • Accounting Standards Compliance
  • Highlights-
  • Involved in the successful completion of audit of the Café Coffee Day Group of companies for the Financial Year; Successfully led teams of 1-3 people in the 3rd year, responsible for end-to end audit procedures exceeding the expectations of the partners

Education

ICAI

Chartered Accountancy — Accounting and Finance

Jan 2002Jan 2006

Bangalore University

Bachelor of Commerce (B.Com.)

Jan 1999Jan 2002

Sri Vani Education Centre

High School — High School Certificate of Competence Program

Jan 1994Jan 1996

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