Manager Finance/Senior Financial Analyst
motorola
Total years of experience :21 years, 0 Months
Financials:
• Material cost reconciliation with financial books, indentifying the cost variances and taking the appropriate actions.
• Expenses review and complying with the annual Budget and analyzing the trend and reporting the variance and evaluating the reason for the excess spent.
• Transfer pricing PNL report and segment reporting.
• Preparation of the notes to accounts and other supporting schedules for Audit.
• Computation of depreciation charges, VAT returns, accruals and prepayments.
Inventory Management:
• Preparing monthly inventory dashboard monthly/quarterly/yearly with ageing.
• Drive the plan for ageing inventory reduction with cross functional team.
• Ensure the inventory accuracy for monthly cycle count, quarterly physical verification (wall to wall count) and documentation for the same.
• System setup for proper inventory accounting transactions.
• Flash reporting on COPQ for monthly/quarterly/annually and driving it for achieving the target annual budget.
• Handled the SOI operations with SEZ compliance and preparation of all kind of reports.
• Excess and obsolescence for the inventory and identify the action plan for consume the inventory like other locations, replacement parts, adopting into the new products for consume the same.
Product and service costing
• Application of appropriate principles and techniques, like overhead allocation, marginal costing, break-even analysis and ABC, in order to establish the current and future costs of the organization’s products, services and activities.
• Identification of costs and revenues relating to specific business decisions, the introduction, amendment or deletion of a product or service; pricing, make or buy comparisons.
Statutory Audit:
• Involvement in the preparation of annual or interim financial statutory accounts, regulatory, or compliance information for the organization
• Finalization of accounts Inventory, Material cost reconciliation & cut off procedures
• Preparation of Notes to accounts, Form 3CD.
• Inventory valuation as per AS2 and working on E&O & NRV, quantitative analysis for the inventory movement as a whole.
• Identifying and explain the cost variance to Auditors, supporting on SOP for the process like purchase and sales.
• Preparation and review of other government financial returns like NFE reports (SEZ) and ITRP as per the US GAAP requirements.
Intra-group Accounts:
• Ensure the Standard operating process (SOP) followed in the invoice process and compliance with SEZ procedures for sales and purchases.
• Same with Interco team and identify the transfer pricing issues and fixing the same.
• Maintain the good aging with AP/AR and prepare monthly payout details and compliance with bank procedures of payment process.
MIS & Budgeting:
• Dash board on inventory, sales and purchase of RM & Consumables monthly/quarterly.
• Driving the action plans for the monthly operations review meeting.
• Conversion cost verification and drive to achieve the same.
• Working with other department to develop the corporate budgets and forecast.
• Preparation of non-routine reports that analyze and interpret financial/numerical data.
Legal & Statutory:
• Comply with SEZ regulatory information for quarterly returns for investments and operation details
• Monthly VAT return information and working for VAT refund.
• Ensure the proper approval from SEZ and management for scrapping approval and comply with the process and disposals.
Fixed Asset Management:
• Introducing the new method of asset management and tracing the asset movements.
• Maintaining the compliance related documents and implementing periodical asset retirement procedures.
Export & Import:
• Internal Audit for the process verification for the export and import procedure and provide the report to management for the documents with SEZ compliance.
Funds Management:
Sales Accounts & Receivables:
Costing:
Preparation of the Cost sheets for the new products and existing products with any changes in the BOM related to the VAT/CST, Excise & Import duty changes.
Participating the Budgeting related to the materials costs & Revenue.
Product cost study related to the Project and maintain the Cost data and calculating Customer Profitability analysis.
Tooling cost preparation of the own manufacturing products and verification of the supplier level Tooling cost.
MIS report related to through Input-Output reports for identifying the variances and implementing the proper corrective actions for the material costs.
Management of Inventory with proper internal controls for perpetual inventory verification and Physical Inventory audit quarterly once.
Quote verification of bought-out materials and avail the benefits related to the changes in the Taxes & Duties.
Monthly inventory valuation and COGS recon and monthly accounts finalization.
Audit and Others
Statutory audit related inventory valuation, Notes to accounts and COGS recon.
Machine Hour Rate workings for Overhead allocations.
Work with IT to develop the new reports related to the MIS requirement and control measures for the pricings.
Involved in the Implementation of New ERP.
Preparation of cost sheets for the products and maintain the data for Cost study & monitoring.
Valuation of inventories and working for the Material cost reconciliation.
Preparation of cost sheets for new products and analyzing the cycle time and other overheads
Supporting on the submitting quote and cost saving projects and identifying the abnormal variations.
Involved in the ERP implementations and developed new reports and implemented cost centre concepts in manufacturing.
Statutory Audit related works for inventory valuation, Material Cost Reconciliation and Machine Hour Rate workings for overhead allocations, Fixed Asset Maintenance & AP/AR Reconciliations.
Stores management with matching book and physical inventory and booking purchases.
Supporting on the ISO certification for Stores & Purchase activities
Processing payments & AP Reconciliations
Implementing the stock levels ( Min, Max, safety & Reorder levels).
Checking Bills for Contract Progressive payments, Online payment processing
Periodical reports related to the Payments & Budget variances
Cost comparisons and adjustments toward cost escalations of civil works
Verification of Bank guarantees & warranty documents.
Associate Member of the Institute (Membership No: M/26621 from 10/09/07)