Chief Financial Officer
FARE LABS PRIVATE LIMITED
Total years of experience :31 years, 3 Months
• Projected cash flow and profitability statements at regular intervals for strategic and investment decision making.
• Adept at financial reporting of the monthly, quarterly and yearly business to Board for performance measurement.
• Liaison with Internal Auditors, Statutory and Tax Auditors for finalization of accounts and Balance Sheet, submission of annual returns & financial data to tax and company law department in prescribed formats.
• Corporate Affair included preparing agendas, conducting and finalization of minutes of meeting, conducting meetings, preparation&.
• Expertise in handling GST, Central Excise, Service Tax, Income Tax matters along with submission of Returns, Assessments, Refunds, Appeals, Audit & Scrutiny Matters.
• Set up a Credits department manned with professionals in Accounts Receivable, reduced old outstanding debtors by more than 50% and improved collection efficiency by 90%.
• Banking facilities- Prepared financial projections for, secured and unsecured credits form banks and financial institutions, and term loans for procurement of capital assets
• Procurement process- Developed separate process for consumable stores and capital goods procurement.
• Prepared a business expansion roadmap
• Interacting with Banks and financers etc. for trade finance
• Assisting in preparation of GST returns
• Developed budgets and financial forecasts for business operations.
• Preparation of monthly management reports
• Year-end financial statements for Year ending 2016.
• Setting up inventory, billing, and AR & AP and General Ledger management system
• Assisting in cross product tie up to improve sales.
• Established the wholly owned subsidiary company in India with offices across the country with best practices
• Implemented robust accounting and internal control systems and assessed their effectiveness from time to time.
• Kept an update and implemented changes in the legal and regulatory developments (company law and taxation laws), knowledge of taxation and IAS and IFRS.
• Provided leadership to annual budgeting process across offices, trained other members to provide accurate.
• Interacted with auditors for year end audits and Transfer Pricing issues
• Interacted with statutory authorities on matters relating to Taxation, Company Law and foreign exchange with Reserve Bank
• Point person for internal and external communication like stakeholders, vendors and bankers.
• Reported to Japan Head Office on project wise profitability, cash flow gaps, billability. Projected financial risks analysis for new projects provided suggestions and solutions on critical issues
• Suggested partnering on projects for risk management, mitigation and cost effective delivery.
• Recruited, trained and managed a strong team of successful and productive finance professionals with a well-defined growth path.
• Effectively communicated and interacted with clients to source business
Achievements:
• Driving commercial and business improvement for the Indian operations from Rs.2.3million to Rs.200 million
• Managed cash flows effectively by balancing Accounts Receivable and Accounts Payable
• Integrated all the offices thru extensive use of technology like using web based solutions for online reporting, use of video conferencing, Skype etc.
• Established of project offices across India in compliance with the regulatory permissions from the Indian Registrar of Companies, Revenue Authorities, Reserve Bank of India
• Implementation of a financial accounting and management system in accordance with highest International Accounting Standards
• Liaised with auditors for finalization of the book of accounts and Balance Sheet for further consolidation with the company’s global Balance Sheet at Japan
• Prepared accurate monthly financial statements for reporting to head office at JAPAN
Achievements:
• Ensuring compliance, governance and controls as per Local and International Legal standards as well as company policy.
• Efficiently managed projects across the country
• Used techonology to intigrate all the offices with Japan Head Office
Worked as Financial Expert on various prestigious infrastructure projects in India with large engineering consultancy companies (like AECOM, EGIS, MWH, SMEC etc. to name a few) involved in projects ranging from US$ 500 to 1000 million
• Conducted financial and economic feasibility studies for large scale infrastructure project funding mainly into transportation (highways and expressway), water supply and tratment, city sanitation etc.
• Prpared complex financial models using Financial Internal Rate of Return (FIRR) and Economic Internal Rate of Return (EIRR), Pay Back Period.
• Presented the results to international/ bilateral funding agencies.
• Recommended projects to be bid out on Public Private Partnership model such as BOT, BOOT etc.
• Reported on physical vs financial progress during constructions and revenue generation during the operations stage.
Teaching Assignments
• Was a part of faculty at School of Management taught Operations Research, Financial Management to the Business Management students.
• Conducted short-term training sessions and spoke in seminars on various topics of accounting, finance and taxation relevant to non-finance professionals.
• Management of accounts receivables to include issue of credit note and debit notes, reconcilations, and sending reminders for non payment.
• Determining the credit period for distributors and resellers.
• Review of montly collection to determine the status of collections and receivables.
• Overviewing stock verification and accounting for short and excess.
• Prepared accurate monthly financial statements for review by the head office accounts.
• Prepared annual activity based budgets, conducted variance analysis of budget vs.spends.
• Worked with auditors for prepration and finalization of Income and Expenditure and Balance Sheet for India operations and consolidation at Washington .
• Assisted implementation of ERP (EP1) across various locations.
Achievements:
• Worked closely with the donor agency (KFW) and Banks to get funding started which was held up for more then a year for want of proper documentation.
• Effective management of production ordering reduced loss due to expiry by nearly 30%.
• Managed all accounting activities as well as an
• Automated materials management system for the region including four publication centers.
• Supervised accounts receivables clerks, team of twenty.
• Reviewed status of collections from various advertising agencies and direct clients to determine and propose action on bad debts.
• Maintained fixed asset module and calculated depreciation expense
• Also liaised with both internal and statutory auditors for finalization of accounts for each Centre and the region.
• Prepared financial reports of publication centers for presentation to senior management.
Achievements:
• Negotiated with local financial institutions term finance for capital assets worth INR 10 million.
• Worked with the insurance company and sttled claim of INR 4 million, for the company
• Suggested use of spare capacity and machine idle time to carry out job work at low cost.
• Worked closely with marketing / space selling teams conceving innovative incentive schemes to attract advertising agencies divert business.
• Reconciliation of accounts between units,
• Preparation of annual departmentwise expenditure budget.
• Performed complex general accounting functions,
• Year end accounting and prepration of Unit balance sheet.
• Day end closing and night audit.
• Also supported the implementation of an ERP system within the unit.
Year of Passing : 1984
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