Chief Financial Officer CFO
MNC
Total years of experience :34 years, 0 Months
• Leading overall accounting operations and audit for the organization including collections, purchase, contract compliance, receivables, deposits, disbursements, payroll, fixed assets and inventory
• Directing and coordinating finance functions for the division.
• Overseeing the development and implementation of internal accounting procedures
• Member of SAP stabilising team responsible for smooth running of its finance module and training staff.
• Creating well-designed budget and financial models to measure and evaluate the financial success of the organisation
• Formulating and implementing a complete set of accounting policies for the entire division
• Hiring more qualified accounting staff, emphasising on increased training and improving morale amongst staff
• Creating a new financial model to measure and monitor the profitability of all facilities throughout the region
• Providing necessary inputs and advice to the core management team on overall financing strategy
• Handling the design of optimum capital structure and financial strategy for the company keeping in mind capital expansion for existing business, investment in new businesses/projects, and short-term cash optimisation
• Implementing the internal controls system in a newly opened manufacturing facility
• Ensuring statutory compliance for FDI, FEMA, RBI, Company Law, Direct & Indirect Taxes, Customs, Weights and Measures, CST, Excise, Factories Act, Contract Payroll, etc.
Head Finance & Accounts
• Monitored daily accounts maintenance in respect to the flow of entries to ensure they are properly documented as per accounting systems and practices
• Responsible for preparation, analysis and presentation of financial MIS reports
• Prepared regulatory and statutory reports involving VAT / Excise and presented the same to respective authorities
• Handled budget preparation and budgetary control functions
• Ensured the compliance to establishedfinancial process & policies and Excise / VAT / Service Tax / Factories Act
Highlight:
• Undertook responsibilities of Head of Finance & Accounts for ISRI TJC Automotive Seating Ltd. to handle entire start-up for JV including reporting requirements to its German & Indian partners.
• Developing the financial and business plan and raising Term Loan of INR 100 crores / US$ 17 Million & Working Capital Finance of INR 60 Crores / US$ 10 Million
• Attending Board Meetings with presentation on financial strategy and performance.
• Assisted the Chief Financial Officer in activities of finance & accounts and payroll administration
• Prepared several reports such as:
o Weekly financial report in a detailed and comprehensive manner
o Monthly performance report with detailed analysis of expenses
o Monthly payroll report with detailed analysis, graphs and charts
o Monthly incentive report with analysis of section wise / line wise efficiency of different categories of workers
• Presented all the reports to Head Office at Hong Kong as per the time norms
• Led a team of accountants for the preparation of the backup files for these reports and verified the contents of the reports to ensure authenticity
• Handled preparation of annual financial budget, cash forecasts and fund management
• Single-handedly managed complete activities of accounts & finance
• Coordinated with banks and financial institutions for obtaining credit facility at favourable terms along with preparations of projected financial statements, cash flow statement, calculations of payback period, internal rate of return, breakeven point, financial ratios, etc.
• Successfully represented the company in all income tax and sales tax cases including preparing necessary documents for the same
The Institute of Cost and Works Accountants of India is a statutory body of Cost and Management Accountants and is equivalent of professional institutes of cost and management accountants worldwide.