Finance Manager/Controller
Sun Chemical (Colors & Effects India Private Limited)
Total years of experience :18 years, 10 Months
• Lead, monitor and review the Business Finance activities (e.g., Operational Planning, Forecasting, Reporting)
• Support unit initiatives with respect to capex, investments, change of business model
• Assume active role as integral member of unit management/leadership teams
• Maintain the books and records for the Local Entity according to Local GAAP.
• Prepare financial statements under relevant local GAAP
• Prepare & submit regulatory and statistical returns to regulators and government agencies
• Ensure that control standards are maintained as per the global guidance of Sun Chemical
• Monitor cost development and develop early warning signals to keep stakeholders informed
• Prepare & Release Magnitude reporting packages under US GAAP
• Liaise with regional and global controlling units
• Support asset accounting and verification
• Harmonize and maintain relevant financial systems & tools; create a bridge between unit requirements and other functions e.g., Treasury, AP Hub, global cash ops etc.
• Ensure timely compliance for GST/Income tax/Secretarial Compliance/corporate governance etc.
• Ensure timely compliance of Statutory Audit, Internal Audit, Transfer Price Audit, & Tax Audit
• Support in IT process automation topics such as new report design, which will help better visibility and drive actionable triggers for management and teams.
Highlights:
• Part of global team for successful merger between DIC group (Sun Chemical) and BASF Colors & Effects India Pvt Ltd.
Key Responsibilities:
• Financial Reporting as per IFRS & Applicable Ind As. Quarterly & annual reporting as per SEBI guidelines
• Review Budget & MIS preparation for board members and stake holders
• Review monthly, quarterly & yearly closing of books, Balance Sheet Reconciliations, identify probable financial exposures and take appropriate action to ensure compliance with the corporate guidelines.
• Coordinate with External and Internal Auditors for the quarterly and annual reports to be submitted to government agencies, & stake holders.
• Prepare and Present quarterly financial results in Board meetings
Highlights:
• Successfully handled preparation & presentation of segmental results to Board and Shareholders.
• No monthly, quarterly, or annual deadline missed so far.
Key Responsibilities:
• Made the statutory presentations to the key management including updating of monthly budgets and various MIS reports for further deliberation.
• Coordinated with internal departments to monitor the Accounts Receivables and Accounts Payable status and following up to ensure recovery of outstanding dues.
• Handled the filing of VAT returns that involved significant number of business transactions and followed up to recover the due amounts as per the governing rules and regulations.
• consolidate the financial data and prepare consolidated financial statements for operations in the GCC region.
• Analyzed internal processes to explore scope for further development
• Ensured smooth conduct of statutory audits making available all the requisite data, statements and information adhering with the international guidelines.
• Managed to ensure timely generation of monthly and yearly closing of Books of accounts, Monthly Profit and Loss reports ensuring high level of accuracy.
• Accounted for the preparation and handling of daily cash flow to submit the requisite reports to the management for review and analysis.
• Built robust business relationship with the corporate bankers to facilitate procure credit facilities in favorable terms and conditions, LG and LC as per requirement.
Highlights:
• Led the team to efficiently implement VAT and handled the filing of returns as per the latest protocols.
• Played a pivotal role to successfully file the first VAT return for the organization.
• Monitored to ensure apt implementation of the online credit approval system as per the management expectations.
Key Responsibilities:
• Handled the entire gamut of management of Accounts and Corporate Finance on a day to day basis adhering to the guidelines set by the management.
• Coordinated with the to generate P & L reports and other financial reports including monthly & yearly closing of books of accounts.
• Led the finance team to prepare the monthly budgets and MIS reports coordinating with the concerned departments to make submission to the management.
• Provided critical inputs executing financial due diligence to assist the key management deliberate upon and make crucial investment decisions.
• Reviewed internal processes to highlight variances and building checks and balances to promote process enhancement and overall efficiency.
• Assisted the management design new report systems in Oracle to ease the processes of MIS reporting leading to high level of accuracy and authenticity.
• Monitored and reviewed the daily cash flow and liaised with banks to secure credit facilities to enable smooth conduct of day to day operations.
Highlights:
• Managed to successfully implement EFT & FA Module in Oracle 12i ensuring smooth transition of accounting and financial activities.
• Instrumental in the development of key reports in Oracle for MIS reporting and ensured proper implementation at various levels to enhance efficiency and accuracy.
Handled the conduct of statutory audits complying with IFRS, GAAP and Standard Audit Procedure of PWC ensuring completion of the assignment within the allocated time deadlines. Accountable for the submission of the final audit report to the Associate Director. Imparted training to 15 Articled Trainees Registered with PWC and built robust business relations with the existing clientele. Successfully conducted independent audit for a limited company and 3 private limited companies.
Managed to coordinate the overall planning, execution and completion of Statutory Audits, Tax Audits, and VAT Audits. Conducted limited reviews within the set time frame. Evaluated taxpayer finances to ascertain the tax liability and handled the preparation & submission of Tax Returns to the Income Tax Authorities of India.
Chartered Accountant - Accounting/Financial Reporting & Management/Auditing/Taxation