Deepu Namboothiri is a finance and accounting professional with over thirteen years of experience in finance, accounting, forecasting, budgeting, reporting and auditing with various multinational corporations such as General Electric, Genpact, Capgemini and Infosys. He holds a Master’s Degree in Accounting from the USA and is a Chartered Accountant (India) and Certified Public Accountant (USA).
Over the span of thirteen years, he has played various roles and responsibilities in finance and accounting such as management and regulatory reporting (SEC reporting), preparation of financial statements per IFRS/US GAAP, budgeting & forecasting, regulatory filings, team management and cash flow & fund management.
In addition to his normal functions, which includes gathering and analyzing financial reports, communicating financial performance to management, he also has experience in overseeing and driving special projects (process improvements, transformation and standardization), reviewing & developing internal control policies and procedures, recommending mitigation plans to address any gaps in cost or revenue leakages and providing strategic financial inputs to the management.
He is very passionate about his role and have always strived to add value through process improvement initiatives. Some of his key accomplishments in F&A Transformation include the following:
Led process of automating & designing accounting & analytical tool (MIS & Regulatory reporting). Automation initiative reduced lead time of reporting to management by 1 month.
Implemented a new centralized electronic payment tool in collaboration with external stakeholders (Custodian Bank) which reduced the lead time (from payment initiation to approval to GL recording) in payments to less than 5 minutes. New tool automated the real time recording of all payments resulting in ZERO error in recording of transactions
Robotic Process Automation (RPA) implementation resulting in FTE savings of USD 1 Million
Identified and implemented cost control and cost reduction initiatives.
He is very passionate about sustainability and has helped set up a Non-profit organization in the US whose vision was to promote sustainable agricultural practices using organic methods and practices in farming that will not only provide organic products but also nourish & replenish the soil.
As a lifelong vegetarian he understands the importance of having a healthy food (free from pesticides, chemicals and genetically modified) as part of the diet and how it helps in the overall physical, spiritual, emotional and physiological health and development of an individual. He has often strived to use organic products & sustainable products in his day-to-day life as well. Being an ardent advocate of organic products and practices, he constantly strives to steer Bander Industries’ core values and philosophy in contributing towards global sustainability through its transformative and innovative product & solutions thereby creating a positive impact on the environment.
He believes that in order for any corporation to be truly sustainable and withstand the challenges of time it should focus on the 3Ps (Planet, People and Profit) with more weightage to be given on Planet and People. With Bander Industries the core focus is on these 2Ps.
His rich experience, having worked across various industries such as media, telecom, manufacturing & financial services, combined with his passion for sustainability helps Bander Industries to implement the best of accounting policies & practices and tighter internal controls bringing in higher transparency and accuracy in its financial reporting to its shareholders and investors.