Manager Costing ( Lead Finance controlling)
National Biscuits & Confectionery Co. Ltd (HSA Group)
Total years of experience :20 years, 0 Months
● Heading the finance controlling, managing team and reporting to Finance director.
● Keep control and monitoring of accurate book keeping as per accepted accounting principles and practices including month end and year end process as per timeline.
● Supporting IFRS conversion project.
● Controlling: Reporting, planning, forecasting, deviation and scenario analysis (challenging the business and developing answers). Accountable for the operation and maintenance of a standard cost system in order to provide accurate costs to value inventories and cost of shipments.
● Business partner with all functions and mastering business KPIs to ensure a balance contribution from all functions (turnover, profitability, inventory days).
● Lead cross functional cost savings/optimization, efficiency improvement, revenue or margin maximization and other initiatives.
● Ensure financial discipline and working capital management. Capex Tracking /Financial Evaluation, cost comparison & new project approvals.
● Compliances of contractual obligations set forth in various contracts with suppliers / service providers.
● Inventory controls: analyze inventory levels and reporting, maintain provisions as per policy.
● Preparation and submission of monthly VAT return and accounting reconciliations.
● Critically examine and help strengthen existing systems, workflows, procedures, policies and controls.
● Ensure compliance with applicable laws and group policies.
● Independently handle facility statutory audit and internal audit.
● Help build up a well-motivated, high performance finance team.
● Assisting finance Director in business partnering with Operations head in all operational and strategic decision making.
● Preparing Annual Operating plan and 5-years strategy long range plan as per corporate guide lines.
● Critically examine and support to strengthen existing systems, workflows, Procedures, policies and controllers.
● Drive day to day business performance through analysis and monitoring key business performance metrics Margins, Rolling forecast, Operating P&L, Product Costing, Spend etc.
● Actively support Cross functional cost savings and optimization, efficiency improvement, revenue maximization.
● Implemented finance systems in line with corporate finance reporting-Implemented Standard costing system and variance reporting, month end finance closing & reporting systems designed for Chennai (Formulation) and Aurangabad (API) Plants after acquisition from Orchid chemicals.
● Managing Plants financial accounting, monitoring and reporting system.
● Ensuring compliance with the Global CFMs/SOPs and maintaining updated information of CFM/SOP requirements to ensure internal controls.
● Subject matter expert in Global SAP (FI/CO) project implementation.
● Hyperion reporting.
● Business analyst lead of UPS business division and reporting to CFO.
● Responsible for financial analysis, budgeting, profitability analysis and management reporting for the purposes of providing finance decision support for the business.
● Working closely with the senior leaders across the corporate commercial team and factory management.
● Responsible for driving strategic plans, performance management and spearheading the development of analytical and reporting tools to drive business efficiencies.
● Monthly closing activities on SAP environment and B/W server for global consolidated financial reporting.
● Plant Cost Reporting, Standard costing and variance analysis on SAP Environment and Identifies trends of Costs and prepare monthly forecasts.
● Stock Audit on monthly basis discrepancies reporting to the management and passing necessary journal entries.
● Preparation of the Margin reports based on the customer orders.
● Preparation of the profitability from planned sale with the planned costs and comparing the same with the actual sale and actual costs.
● Cycle count Entries for Inventory month end adjustment for Variance.
● Monthly Variances Report Actual Vs Standards for Raw materials, labor and overheads on order base.
● Treasury - Preparing CMA data and lisioning with banks and prepare loan proposal for F.B and N.F.B
● Core team member SAP Migration project ECC 5.0 to ECC 6.0
● Conducted Statutory Audits with team and submitted reports.
● Conducted Internal Audit and submitted Audit Reports on following areas: - Statutory compliance, Risk analysis, Financial statement analysis, internal control check, operational audit, and identify the bottle neck area and with suggestions.
● Tax audits & tax returns, Bank reconciliation, Vouching, General Ledger Scrutiny, Profit and Loss account and Balance sheets finalization, Stock audits.
CO
CMA - Institute of Cost Accountants on India