Senior Manager
ESSAR ENERGY PLC
Total years of experience :16 years, 7 Months
Senior Manager (April 2013 - till date)
Finance MIS- Preparation & Analysis
• Preparation of consolidated financial statements of Essar Energy Plc (a London Stock Exchange listed company and part of FTSE 250 index) under IFRS and UK Listing rules, and liaising with statutory auditors.
• Preparation of monthly flash reports for operational performance with variance analysis.
• Monitoring of accounts, expenses management and audit for more than 25 companies.
• • Monitoring of expenses management for more than 25 companies.
• Preparation and Control of administrative budget.
• Playing key role in transactions and tax planning for overseas companies.
• Preparing Notes and Memos for various accounting and business issues under IFRS.
• Preparing Board notes and getting transactions approved in Board meetings.
• Setting up and implementing internal accounting control systems.
System Implementation & Process Automation
• Core team member for designing & software development of Essar GAAP Conversion and Financial Consolidation (EGCFC) . EGCFC is in-house software developed by Essar to automate the process of converting IGAAP accounts into IFRS accounts which are used for consolidation.
• System testing for various modules of EGCFC from functional side.
• Implementation of EGCFC and Hyperion in more than 75 companies.
• Implementation of FICO module of SAP in more than 75 companies.
• Training users for operating & using EGCFC, Hyperion & SAP tools.
ESSAR ENERGY PLC (A ESSAR GROUP CO.)
Manager (August 2010 - March 2013)
VEDANTA ALUMINIUM LTD (A STERLITE GROUP CO.)
Associate Manager (November 2007 till August 2010)
Finance MIS- Preparation & Analysis
• Preparation of reports under IFRS Guidelines, IGAAP, other corporate reporting (Balance Sheet, P & L, Cash Flows etc.)
• Monitoring of book keeping aspects.
• Preparation & control of capex budget
• Preparation of monthly MTM reports
• Monthly reporting in Hyperion.
Forex, Treasury & Banking
• Handling forex exposure of more than 300 Million USD and cross currency exposure of more than 150 Million Euro.
• Opening of Letter of Credit for imports.
• Currency hedging and continuous review of forex exposure ensuring 100% compliance of Group forex policy.
• Responsible for efficient utilization of fund through monitoring fund flow projection and utilization.
• Ensuring compliance under FEMA '99 & RBI guidelines for all forex transactions with regard to import, export and external commercial borrowing (ECB)
• Preparation of forex MIS, investment MIS, debt cost analysis, bank reconciliation on monthly basis.
Project Management
• Preparation of project MIS including control over project budgets showing variances and reasons for the same
• Recognized for negotiation skills and awarding contracts to vendors with competent quotes and ensuring the compliance with statutory norms.
• Updating financial records, generating reports on payable accounts, informing and ensuring the payments on dates committed as per agreed terms.
Key Achievements
• Letter of appreciation from Essar for playing important role in successful implantation of EGCFC solution.
• Reduction in administrative cost by more than 25% as compared to previous year through continuous reviewing of expenses & making appropriate suggestions for change in admin policies.
• Suggested input credit on township services thereby enabling the company extra Cenvat credit of Rs 15 crores.
• Increased returns on investments as compared to Group companies.
• Company Secretary (CS) from the Institute of Company Secretaries of India in June 2007
NSE Certificate in Derivatives module with 90% marks
• Bachelor of Commerce (B.Com) from MJP Rohilkhand University in 2004