Finance Manager
shell
Total years of experience :24 years, 7 months
Key Responsibilities:
MIPA (Management Information Planning and Analysis) at Shell Business Service centre Managing and supervising the MI for Commercial Fuels business for 9 business units Germany, Austria, Netherlands (RHINE), Poland & Czech (CEE), UAE, Oman, Pakistan and Indonesia
Approving month close Journal Entries, executing the SOX controls for Revenue accounts and present information in accordance with GAAP.
Reporting the Actual Monthly Financial performance for RHINE & CEE Commercial Fuels business to the management including commentaries for variances in slide pack formats - Cluster review and Management slide packs
Preparation of Consolidated Financial Summaries for every business unit as per the local statutory requirement and compliance with IAS 27
Generating customized profitability reports for each Sales channel and providing Cost analysis and lending support to business for development of new sales strategy and pricing decisions
Involved in the Score card calculations determining the Bonus multipliers, preparation of Latest Estimates and planning the Targets and results on an annual basis
Analyzing the overall working capital and contribution statement and reviewing the business performance with the Cluster Managers on a quarterly basis
Achievements:
Worked closely with the Central pricing department (Germany) in the implementation of new customer value proposition (CVP) for the Domestic Heating Oil within Europe region which resulted in net increase in revenue by $300k per annum
Successfully introduced a tool to monitor the Supply & Distribution tariffs which resulted in better margin analysis to steer growth in customer profitability
Completed Green Belt Project on Standardization of MI reporting for Europe Commercial Fuels which lead to savings of $100k per annum for Finance Operations (FO)
IT Capabilities:
SAP, Business Warehouse, JD Edwards, Six Sigma MS Excel, MS Word, MS PowerPoint and MS Access
Managing the General Ledger Accounting and Finance for four divisions of the ETA M&E division.
Recording the revenue and related costs for the Projects and performing analysis on revenue accounts to provide management insights to the division’s performance.
Maintain and generate accurate accounting records, support and analysis for entries to ledger and account reconciliations for various general ledger accounts.
Integrally involved in the External audit of the division’s financial statements including preparation of Financial Statements and supporting schedules and primary point of contact for the auditors
Review inter division accounts and transactions and reconciliations
Implement and document internal controls, processes and procedures to ensure the accuracy and integrity of Financial information
Assist with internal and external financial reporting activities to ensure that accurate, timely information is available to senior management for decision- making
Liaising with many business units such as Customer Support Organization, Accounting, Business Operations, Pricing, IBM Global Finance (IGF)
Preparing Standard Financial Reporting Package to review the Full year Revenue & Cost Forecast, GP forecast, Monthly Actuals, Financial Summaries, Cost Details, Targets and Attainments with the Project Executive and the Delivery Project Executive for the respective contracts.
Submitting the Journal Vouchers for the Revenue Accruals, Cost Provisions and Cost transfers to the account team in Canada.
Conducting the LOB (Line of Business) meet with the Sector Lead and reviewing the Latest Roadmap which gives the latest assessment of the Risks and Opportunities for the contracts.
Reporting the New Signings and maintaining the Firm Order Policy for the Change Orders for the SO contracts
NAM & CANADA CASH APS
Responsible for Cash Applications related to 100Us Wire Transfers and cash payments of NAM office including military cargo
Updating People Soft Accounts Receivable Module with details of the amount involved for applying cash with the Daily Bank Statements and Wire transfers
Updating NAM Customs Systems for Payment with proper backup against Cash Invoices of Import Bill of Lading
Sending Daily Report to FO giving Deposit ID wise details of discrepancies
AR GL Reconciliation
Running the different AR reports and People Soft queries and drafting the Journal entries for the reconciliation
Comparing the results generated under those queries with the results captured in the Pivot tables in the spread sheet
Distributing draft journal Hyperion adjustments and the summary sheets to the regional controllers
SUNDRY INVOICING
Receiving requests for Sundry Invoice from FO
Generating Invoices / Credit notes in People Soft as per the requisition
Updating FO the Weekly and Monthly reports of total invoices generated
Proficiently led and contributed to the internal audits for garment manufacturing companies as a team leader
Finalized balance sheets as per for companies and educational institutions
Accounting of Partnership firms with varied business interests
Gained exposure to different Audit procedures, Direct and Indirect taxation related issues, Statutory compliances, Corporate Law, Accounting and bookkeeping etc
• Complied with various requirements of LFAR (Long form Audit Report) involved in the statutory audit of Banking Companies. (Canara Bank - Industrial Finance Branch)