Finance Manager
FIBCO PLASTIC INDUSTRY LLC
Total years of experience :21 years, 11 Months
Handling the Entire Finance Department of the Group Company
Month Closing Activity,
Costing
Working Capital Management,
MIS Reports to Management
Inventory Management
Procurement
Audit
UAE VAT
Since Sep 2019 Working as Assistant Finance Manager in Blue Line Industries LLC (Group of Companies), Abu Dhabi, UAE, Blue Line is group of Companies having Manufacturing units for Chemicals and Jumbo Bags in Abu Dhabi, UAE and having its group companies in the business of IT Sector, Real Estate and Restaurants in UAE.
Significant Contributions in Blue Line Industries & Group of Companies
Managing AR, AP, GL, Purchase Local & Import, Payroll and WPS
Handling Monthly, Quarterly, Half Yearly and Annual Closing of Books of Accounts.
Preparing Costing for products
Handling Statutory Audit and ICV Audit
Handling Quarterly Vat Return and Tax Payment
Maintaining Banking Relationships for Availing Facility, Opening LC, Processing LG, BG, Etc.
Managing the Cash flow of the Organisation by timely collection of Debtors,
Forecasting Cash payments and anticipating Challenges arising from limited cash flow
Working with Executives and Business head to prepare Budget and track P&L performance by business Units and on consolidation basis
Recommend and maintain a system of policies and procedures that impose an adequate level of control over Finance Department activities
Providing advice on financial matters impacting on the company as a whole
Taking responsibility for, and supervising the work of, more junior members of staff.
Liaising with other departments and business units on a range of issues
Handling Petty Cash
Since August 2009 associated with PPG Group’s
Growth Path in PPG :
Since Oct’16 General Ledger Accountant (M/s. Randstad India Pvt. Ltd. Deputed for PPG )
Jun’15 to Sep’16 General Ledger Accountant ( PPG Coating (Malaysia) Sdn. Bhd.)
Jun’14 to May’15 Credit Representative (PPG Coating (Malaysia) Sdn. Bhd.)
Aug’12 to Jun’14 Executive - Supply Chain ( Asian PPG Industries Ltd.)
Mar’11 to Jul’12 Assistant Manager - Business Operations ( PPG India Pvt. Ltd)
Aug’09 to Feb’11 Executive - Finance & Accounts (Team lease Services deputed for PPG India Pvt. Ltd.)
Significant Contributions in PPG Coatings Malaysia Sdn. Bhd.
Managing the following functions in General Ledger Department:
Responsibility for timely submission of monthly/quarterly/annual reporting i.e TB Submission, Cash Flow Forecast, Department statements, Accounting Analysis, Tax Filings, ETR, Intercompany substantiation.
Ensuring and monitoring the accounting policy and procedure of local statutory guidelines are followed respectively and also ensuring the internal controls are in place for the locations within the scope of Responsibility
Handled SOX Audits
Handled external Tax, statutory audits and consistently closed with zero finding errors in past records.
In addition, responsible to monitor the Bank Reconciliation for seven countries of total 25 Bank Accounts are reconciled and ensuring the reconciled items have been taken action on time.
Significant Contributions in PPG India Pvt. Ltd.
Managed AR, AP, GL, Purchase Local & Import, HR Support
In AR Department Reduced the Over dues and increased the overall Collections by timely follow-up with Sales Team by on time supply of Customer Ageing Reports, Organising weekly Team meeting with MD regarding collections.
Handled a small Team of 8 People
Instrumental in handling the mergers, demergers and liquidation activities; some of these were:
Asset Transfer from PPG India Pvt. Ltd. to PPG Coatings India Pvt. Ltd.
Supported for the Merging process between PPG Coating India Pvt. Ltd., AP Coating & APPG Ltd.
Completed Statutory Closure Project for PPG India Pvt. Ltd. (Before Start Liquidation)
Handling Liquidation Project for PPG India Pvt. Ltd.
Closely coordinated with the technical teams to liquidate RA products.
Capably prepared the KPI reports for purchase and handled the capital procurement planning for a new plant in Shirwal (SATARA).
ERP implementation entailing:
Rendering support in various activities to the Oracle implementation team from HK.
Handling taxation, Indian localization, helping in designing invoicing structure, etc.
Achievements:
Recognized for smoothly and successfully completed the merging of PPG India and Asian PPG.
Recognized as winner of Asia pacific finance monthly recognition program for tremendous effort in supporting India on several finance areas in addition to regular job in PPG Malaysia.
Significant Contributions:
•Essayed a stellar role in handling the following HR activities:
•Reducing the pay roll processing Cost by handling Pay roll processing Monthly and support HR in Conducting Interviews
Significant Contributions:
•Managing Chennai Warehouse Admin, Handling Inventory & periodic stock taking
•Taking care of Chennai Customers for Payment follow-up, Reconciliation, Schedules and orders
•Preparing Inventory & Customer Ageing reports to Management
Significant Contributions:
•Successfully enhanced the Term Loan from Bank and TIIC for Plant & Machinery and Limit Extension of Over Draft Facility in SBI from 50 Lakhs to 1 Crore
Significant Contributions:
•Pivotal in handling Import, Export and Entry Port Trade.
•Capably managed the availing of Letter of Credit Facility for Material Imports
Significant Contributions:
•Efficiently handled the Bank Audits and IT Audits
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