Summary
Overview
Work History
Education
Skills
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Accomplishments
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Personal Information
Affiliations
Certification
Languages
Timeline
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Shan Mayuran

Shan Mayuran

Reading,United Kingdom

Summary

Driven leader focused on operational excellence and continuous improvement. Adept in strategic planning and team development, leveraging communication and problem-solving skills to drive success. Capable of transforming operational processes to maximise efficiency and boost organisational growth.

Overview

18
18
years of professional experience
7
7
years of post-secondary education
1
1
Certification

Work History

Commercial Head of Operations (Finance and Commercial Director)

Siemens Energy
Manchester
07.2022 - 02.2025
  • Leadership Team Member overseeing financial and commercial aspects of High Voltage Grid projects (UK&I), including offshore wind farm grid access and HVDC interconnectors
  • Managing a team of 30 finance and commercial professionals, including Project Directors, Senior CPMs, Contract managers, Accountants, and Quantity surveyors
  • Jointly responsible for the Business Operations Department, overseeing 80 professionals executing 10 complex transmission projects and multiple warranty projects
  • Financial management of an annual revenue of ~GBP 300m and an order backlog exceeding GBP 1bn
  • Representing the business in Steering Committees with customers, key suppliers, and consortium partners
  • Approving major subcontract awards as a sourcing board member
  • Leading contract negotiations, including subcontracts, variations, amendments, and settlements with customers
  • Responsible for recruitment and onboarding of new team members, ensuring smooth integration
  • Driving training and development initiatives to grow the Commercial team in line with UK High Voltage Grid expansion
  • Conducting monthly project reviews and reporting financial and commercial performance to Headquarters in Germany

Regional Finance and Commercial Head

Siemens Energy (Aero Gas Turbines Business)
Warwick, Warwickshire
01.2021 - 06.2022
  • Managing a team of CPMs overseeing the sale and execution of LTP and M&U contracts in Europe and the Middle East
  • Leading recruitment, training, team development, and performance appraisals
  • Collaborating with Sales and Proposal Heads to ensure strong commercial leadership during the bid phase, including pricing, contracts, risks, and taxation
  • Working with the Head of Project Execution to drive commercial leadership in project execution, including controlling, risk management, claims, and currency management
  • Supporting business-wide initiatives such as sales definition development, pricing strategy reviews, and forecast tool improvements
  • Ensuring order entry, revenue, and margin forecasts for Europe and the Middle East through close coordination with regional finance and project teams

Senior Commercial Project Manager, Long Term Projects

Siemens (Aero Gas Turbines Business)
Warwick, Warwickshire
03.2016 - 12.2020
  • Managing commercial and financial responsibilities for AGT LTP projects across Asia, the Middle East, and Central Europe, with WPC oversight for multiple international projects
  • Serving as World Project Controller (WPC) for AGT's largest Dolphin LTP project, valued at $330M
  • Supporting sales teams in project acquisition, including pricing, cost estimation, risk management, tax, export control, compliance, and LoA (sales approval) input
  • Leading contract negotiations with customers during acquisition and ensuring smooth execution of agreements
  • Ensuring timely and accurate order entry bookings aligned with Siemens guidelines and financial reporting standards
  • Preparing commercial reports for project status discussions, milestone reviews, and financial performance tracking
  • Supporting month-end financial close, budgeting, and forecasting for order entry, revenue, and gross margin
  • Assisting with recruitment and training of Commercial Project Managers (CPMs) while mentoring project accountants into Junior CPMs
  • Leading special projects to improve foreign currency transaction reporting and strengthen internal controls

Financial Controller (6 months Secondment)

Siemens (Offshore Wind Business)
Frimley, Surrey
09.2015 - 02.2016
  • Financially controlling the world's second-largest offshore wind farm, Gwynt y Môr
  • Updating monthly project forecasts by collaborating with the Senior Commercial Project Manager (SCPM) and BU controller to ensure timely cost and payment plan updates
  • Supporting the SCPM by preparing MIKA slides for project cost and margin review meetings
  • Ensuring timely BU reporting, impact updates, and month-end tasks, including accruals, invoices, approvals, and controls documentation
  • Preparing forecast variance analysis for P&L, balance sheet, and cash flow, attending monthly reviews, and meeting forecast accuracy targets
  • Facilitating the creation of new projects (Race Bank and Walney Extension) in SAP
  • Supporting ad-hoc topics such as As-Sold vs As-Built analysis, technical insights on PCG fees, risk contingencies and order recognition
  • Training finance directors, team members on business specific accounting topics

Technical Accounting Advisor

Siemens (NWE Accounting and Controlling Hub)
04.2013 - 08.2015
  • Advised Siemens NWE businesses on accounting treatment for complex transactions and reviewed accounting papers
  • Provided expert guidance on key accounting areas, including construction contracts, multiple element arrangements, and leasing
  • Collaborated with NWE Head of A&C, CFR Germany, and external auditors to align accounting treatments
  • Led the rollout of the Finance Training Program (fiT+) and delivered quarterly technical updates
  • Facilitated the UK statutory accounts review for large, complex entities
  • Successfully led the UK GAAP to IFRS conversion project for Marine Current Turbines Limited
  • Managed complex equity accounting for Gwynt y Môr Investment
  • Oversaw the Accounting Issues Tracker for NWE companies to ensure accurate financial reporting
  • Managed and mentored graduate trainees, setting targets, coaching, and liaising with HR for performance management

Senior Auditor

RSM Tenon
Reading
09.2011 - 03.2013
  • Responsible for completing audit engagements for small businesses, education establishments and technology companies etc
  • Responsible for preparing yearend financial statements

Group Finance Manager

Oxford Instruments plc
Abingdon, Oxfordshire
04.2011 - 08.2011
  • Facilitated the finalization of group financial statements and press release documents
  • Reviewed weekly group cash forecasts, monthly management accounts, forecasts, board packs, and VAT submissions
  • Prepared head office management accounts and bi-annual profit capacity plans
  • Led the internal audit for one of the group's larger subsidiaries
  • Managed and supervised the Group Accountant and Head Office Accountant

Assistant Manager (Grade 2), MM Audit & Assurance

KPMG
Reading
09.2006 - 03.2011
  • Led audit engagements from planning to completion, ensuring manager and partner expectations were met
  • Managed teams of up to four, providing coaching and delegating tasks for efficient audit execution
  • Researched and resolved audit and financial reporting issues while guiding clients on current and upcoming accounting standards
  • Reviewed consolidated financial statements for UK groups and group reporting information for subsidiaries with overseas parent companies
  • Drafted management reports identifying control weaknesses and recommending improvements
  • Achieved a ‘Strong-upper band' performance rating in the KPMG appraisal process
  • Successfully served as the ‘iXBRL Champion' within Reading Middle Markets Audit

Education

ACA - Chartered Accountant

ICAEW
London
09.2006 - 09.2009

MSc - Control Systems, Electrical Engineering

Imperial College of Science Technology and Medicine
London
09.2004 - 10.2005

BEng (Hons) - Electrical and Electronic Engineering

University of East London
Royal Docks, Newham
09.2000 - 07.2003

A level - Pure Maths A, Mechanics B, Physics B, Chemistry C

Edexcel UK
London

O-Levels - 8 Distinctions including Maths and English

Department of education, Sri Lanka
Colombo

Skills

  • Financial and commercial leadership
  • Strong communication
  • Stakeholder management
  • Influencing
  • Commercial and contract negotiation
  • Team development
  • Collaboration
  • Project management
  • Presentation
  • IFRS reporting

Accomplishments

  • Led €330m HVG Transmissions (UK & IRE) business and €200m AGT business (REU and RME), significantly improving financial performance across KPIs.
  • Re-defined strategy for the HVG warranty department, transforming it into an agile, cost-efficient, high-performing team.
  • Actively participated in customer and supplier steering committees, building senior-level relationships to avoid conflicts and resolve disputes.
  • Negotiated and finalized critical sales contracts, variations, settlement agreements, customer claims, and insurance claims to boost profitability.
  • Resolved a key supplier adjudication, successfully eliminating the business's exposure to significant risk.
  • Financially evaluated and restructured a high-value project, recovering it from a loss-making situation.
  • Sponsored the 'Aspire' project to improve cultural aspects of 'Lessons learned sharing' within the organization.
  • Led the SAP transition project to address foreign currency transactions and hedging, aligning with Siemens project accounting standards.
  • Developed a simplified project controlling template to financially manage major projects.
  • Improved quarterly forecasting and analysis by implementing digitalization and better alignment with HQ timeframes.
  • Developed a KPI to measure 'Subcontract growth' and established a data collection and reporting mechanism.
  • Unified a fragmented finance and commercial team by fostering a culture of inclusivity and shared purpose.
  • Contributed to the growth and development of team members through coaching, guidance, and creating development opportunities.
  • Continuously enhanced personal skills and capabilities by embracing new challenges, including special projects and training.

Custom

  • Running
  • Cycling
  • Pilates
  • Audiobooks
  • Politics and current affairs

Personal Information

Nationality: British Citizen

Affiliations

  • Running, Cycling, Pilates, Audio books and Current affairs

Certification

IPMA® Level B Certified Senior Project Manager

Certified since April 2023


SAFETY PASSPORT (Exp. Date: 25-06-2027)

Engineering Construction Industry Training Board



Languages

English
Fluent
Tamil
Native

Timeline

Commercial Head of Operations (Finance and Commercial Director)

Siemens Energy
07.2022 - 02.2025

Regional Finance and Commercial Head

Siemens Energy (Aero Gas Turbines Business)
01.2021 - 06.2022

Senior Commercial Project Manager, Long Term Projects

Siemens (Aero Gas Turbines Business)
03.2016 - 12.2020

Financial Controller (6 months Secondment)

Siemens (Offshore Wind Business)
09.2015 - 02.2016

Technical Accounting Advisor

Siemens (NWE Accounting and Controlling Hub)
04.2013 - 08.2015

Senior Auditor

RSM Tenon
09.2011 - 03.2013

Group Finance Manager

Oxford Instruments plc
04.2011 - 08.2011

ACA - Chartered Accountant

ICAEW
09.2006 - 09.2009

Assistant Manager (Grade 2), MM Audit & Assurance

KPMG
09.2006 - 03.2011

MSc - Control Systems, Electrical Engineering

Imperial College of Science Technology and Medicine
09.2004 - 10.2005

BEng (Hons) - Electrical and Electronic Engineering

University of East London
09.2000 - 07.2003

A level - Pure Maths A, Mechanics B, Physics B, Chemistry C

Edexcel UK

O-Levels - 8 Distinctions including Maths and English

Department of education, Sri Lanka

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Shan Mayuran