Commercial Finance- Control Manager
American Garden
Total years of experience :12 years, 10 Months
• Finance Business Partner to the Management for modeling a strategic direction for the business.
• Manage profitability & growth, portfolio mix, finance, cash handling, risk management, etc.
• Build competitive price plans and strategies for all the brand categories in order to ensure higher ROI based on market intelligence data received from internal & external stakeholders.
• Forecast monthly, quarterly and annual revenue, margins and income projections for the region.
• Provide financial analysis and evaluation of the company performance for management review, including Gross Profit and Profit & Loss statements.
• Review key financial and operational business metrics, including sales and distribution revenue and margins.
• Coordinate with the Accounts team for the preparation of monthly financial statements.
• Prepare financial and operations presentations for the quarterly Board of Directors meetings.
• Responsible for the development, implementation and achievement of the projected budgetary goals.
• Lead category-wise Budgeting and Forecasting for USD 100 Million+ and report the consolidated segment performance to the Management on a quarterly basis.
• Agent for Continual Process improvements and report upgradations in Dashboards, Discoverer Reports & Oracle Business Intelligence Reporting tools to ensure integrity and accuracy of reporting.
• Responsible for challenging the business expenditure to improve cost management and inculcate value-for-money approaches.
• Develop comprehensive planning strategies to evaluate financial data, analyze trends, identify variances and monitor overall performance.
• Partner with the General Manager and the Sales, Marketing and Supply Chain departments for market dynamics review and competitor evaluation in order to construct price matrix, price index incentives, value chain models, etc.
Orontes Dairy is a New Startup in Dairy Products manufacturing producing Sterilized Cream, Evaporated Milk & Repacking of Milk Powder.
I Report to Finance Manager.
My Responsibilities :
• Ensure Finance controls and plant costing operation along with cash flow forecasts and cash flow management are in line with the company’s policies.
• Preparation and reporting of consolidated financial statements complying IFRS standards on monthly, quarterly and yearly basis- Income Statement P&L, Balance Sheet, Cash Flow.
• Manage accounting department and lead accounting team to ensure all financial activities like AP, AR, GL, cost accounting entry, Payroll are correctly recorded in Oracle based ERP systems.
• Working closely with plant finance and operations team for understanding the various aspects of the manufacturing process and the measure impact on financial performance.
• Interpret and review all manufacturing, sales, logistics operations, Finance & admin expense.
• Preparing Master Budget and forecasting of plant manufacturing and production cost also accountable for maintenance of standard cost system to report variances.
• Prepares profitability analysis, Break even analysis, reporting of actual results for month, quarterly and annual data with budget metrics.
• Management reporting MIS & Ad- Hoc reports using advanced MS Office Packages -excel features, providing meaningful figures to management for reliable Decision-Making.
• Manage fixed asset register, Project tracking of actual capex spent as compared to Budgeted Capital Expenditure, responsibility of updating charts of account in ORION ERP, preparing appropriate estimates for amortization, prepayments, accruals, other finance schedules.
• Inventory reconciliation and management, Process costing, providing meaningful costing and pricing decision related to goods, manufacturing overheads allocation to goods, forecasting of required Inventory in production based on expected sales volume and Budget etc.
• Periodical closing activities monthly, quarterly & yearly basis.
• Communication with internal departments like production, sales, procurement, and liaise with external parties like auditors, Trade Finance (banks), insurance companies, etc.
• Accountable to ensure LC Documents are compliant with UCP terms and avoid discrepancies.
• Performing monthly reviews of all journal entries and balance sheet reconciliations, reconciliations of multi-currency bank account and intercompany transactions.
Main Achievements :
• Core Team Member in Successful Implementation of ORION ERP based on Oracle Platform before deadline & Represented Finance Team in FSSC Implementation at Orontes Group.
• Introduced Internal Control measures and convinced management to deal with Foreign Clients using Letter of Credits to avoid Fraudulent Financial Transactions at Orontes Group.
• Completed audit for FY 2013, 2014 & 2015 and successfully built budget for FY 2015 & 2016
Golden Shot is a Local group of Companies with diversified portfolio into Retail, Restaurant, Clinic Sectors.
I was reporting to Finance Manager and General Manager.
My Responsibilities:
• • Prepare and examine accounting records and financial statements to access accuracy, completeness & conformance to recording & procedural standards.
• Managing database under the guidance of finance manager.
• Feasibility studies & recommend strategic decisions to management to increase profitability.
• Researching technical accounting issues for compliance with IFRS.
• Prepare and process the payroll of group employees through WPS system.
• Develop complex reports like variance analysis, AD- hoc reports, marginal analysis, etc.
• Support in general administration, liaise with PRO for visa, license and vehicle registration.
Main Achievements :
• Completed audit for FY 2013
Reason to Leave : New Challenges
• Costing of raw materials and finished goods under supervision of manager.
• Maintain/create bills of material and keep accurate record of SKU assigned.
• Filling all documents systematically both electronically and in hard copy.
• Prepare journal entries for month end close or throughout the month, as required.
• Support in year-end closing and audits.
• Other duties as assigned.
The Certified Management Accountant (CMA) is Professional Qualification in the field of Management Accounting & Financial Management
Bachelor in Commerce Pune University India 2008-2011
