CMA ARUN RUNTHALA

Finance Controller at Mining Mineral Resources S.P.R.L.
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Contact Information
us****@****om
(386) 825-5501
Location
Lubumbashi, Haut-Katanga, Democratic Republic of the Congo, CD
Languages
  • Hindi -
  • English -
  • Oriya -

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Dr. Sumit Shandilya

Mr. Runthala is a seasoned professional. He is a person who knows who, what, where, when and how of his work and organization irrespective of where he works. A great person on the individual front, Arun is a highly proficient and qualified employee considering his domain and area of expertise. I would recommend Mr. Runthala to all the people from the domain of Planning, Accounting and Costing.

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Experience

    • Finance Controller
      • Nov 2022 - Present

      o Responsible for entire gamut of Finance & Accounts for trading of Tin, Tantalum, Tungsten, Lithium and GOLD having business spread over DR Congo, Ethiopia, Zambia, Somaliland etc. o We produce Tin Ingot too which is 99.8%+ o Handling Hedging of minerals and responsible for timely invoicing & collection. o Responsible for entire gamut of Finance & Accounts for trading of Tin, Tantalum, Tungsten, Lithium and GOLD having business spread over DR Congo, Ethiopia, Zambia, Somaliland etc. o We produce Tin Ingot too which is 99.8%+ o Handling Hedging of minerals and responsible for timely invoicing & collection.

    • Congo, The Democratic Republic of the
    • 1 - 100 Employee
    • Finance Controller
      • Nov 2019 - Oct 2022

      Responsible for entire gamut of Finance & Accounts for Copper & Cobalt mines and its processing plant producing Copper Cathode & Cobalt Hydroxide in its green field processing plant. Responsible for entire gamut of Finance & Accounts for Copper & Cobalt mines and its processing plant producing Copper Cathode & Cobalt Hydroxide in its green field processing plant.

    • India
    • Mining
    • 200 - 300 Employee
    • Assistant General Manager - Costing & MIS
      • Apr 2016 - Nov 2019

      • Performing various functions like: o Business Planning / Budgeting / Forecasting o Product Costing & Variance Analysis o Management Information System (MIS) & Inventory Controlling o Project Accounting (Overseas) o Analyzing Cost Reduction exercise through Six Sigma methodology o Analyzing various ratios • Preparing Monthly & Annual Corporate business plan • Support to improve cost of production & cost reduction in plant operation. • Validating daily cost sheet and analyzing as compared to plan • Validating Daily Performance Variance Analysis which helps the Management to take appropriate corrective actions • Responsible for statutory compliance of Cost Audit of the Company • MIS report is circulated in different formats to create awareness of operational and financial performance and KPIs • Audit and Control: Maintenance of cost audit record and filling of cost audit report is statutory requirements, which need to be filed with MCA and to ensure statutory compliance is in place. • Ensure proper checks and balances are in place and provide necessary information to management for decision making and comply with statutory authority. • Preparation of Expense details as per Cost Accounting Standard to prepare Cost sheet, which need to be filled with Ministry of Company Affairs. • Coordination with department people to understand and provide solution for generating correct data from system for management decision making. Show less

    • Finance Manager
      • Nov 2014 - Dec 2015

      Manufacturer of Edible Palm OIl, Fat & Laundry Soap Key Deliverable: • Performed various functions like: o Financial Reporting o Management Accounting o Receivable & Payable Management o Fund Forecasting o Working Capital Management o Cost & Overhead Analysis o Financial Planning and Analysis • Managed the preparation of annual revenue & capital budget, monthly balance sheet, profit & loss A/c, cash flow and other financial reports, MIS reports with complete variance analysis of budget vs planned and actual numbers • Analyzed all legal & financial requirements as per the statutory guidelines • Monitored timely submission of all financial reports & taxes to Government authorities • Administered operations like supply chain management, physical checking of stores, inventory management, payroll accounting e.g. PF, TDS & all related expenses and liabilities • Complied of Income Tax, VAT & Companies Act of Kenya • Ensured proper project accounting and capitalization as per statute • Analyzed various products of regular production of contract/ bulk supply to the client applying marginal costing & contract costing • Fixation of MRP of the products, productivity analysis and identification of the cost reduction areas • Extended support in business process re-engineering, strategic development, business logic development, documentation and system flow documentation Highlights: • Automated the preparation of various reports using MS Excel advanced tools that previously required 3-4 hours of effort per day. • Involved in initial requirement/data gathering for the implementation of SAP at Golden Africa Kenya Ltd. • Improved the timeliness of month-end financial reporting from approximately 5 to 3 days • Carried out checking of 3 yrs accounts & got the same audited by external auditor after joining in Golden Africa Kenya Ltd. within a short span of 6 months Show less

    • FINANCE MANAGER
      • Mar 2011 - Nov 2014

      Manufacturer of Silicon Carbide in Pasakha, Bhutan Key Deliverable: • Did monthly & yearly closure activities for financial reporting • Did Management Accounting, Receivable & Payable mangement • Fund foretasted & Working Capital Managed • Prepared Annual Revenue & Capital Budget • Prepared Monthly Balance Sheet, Profit & Loss A/c, Cash Flow and other financial reports • Prepared MIS reports with complete Variance analysis of Budget Vs Plan Vs Actual numbers • Ensured compliance of Internal Control as per Company guidelines with refernce to Internal Control Reference Frameowk for different functions • Ensured monthly closure of Fixed Assets Register & monthly depreciation entry • Monitored all legal & financial requirements as per the statutory guidelines • Ensured timely submission of all financial reports & taxes to Government authorities • Identified issues & opportunities for Finance and recommend alternatives. • Monitored Cost & Overhead across business. • Financial planning and Analysis. • Development and implementation of financial reporting systems. • Looked after supply chain management too. • Ensured scheduled physical checking of Stores Inventory and analyzing reason for differences, if any • Overview Inventory Aging and preparation of the subsequent reports. • Monitored the payroll accounting e.g. PF, TDS & all related expenses and liabilities. • Complied Income Tax, Sales Tax & Companies Act of the Kingdom of Bhutan • Overseen the contracts with the vendors (AMC contracts/negotiations for new purchases etc) • Organized financial statements at the year end and get audited by the Auditors Show less

    • Finance Manager
      • Aug 2006 - Mar 2011

      Manufacturer of Ferro Silicon; Key Deliverable: Analyzed of day to day transaction and prepared MIS Complied Income Tax, Sales Tax & Companies Act of the Kingdom of Bhutan Prepared Cost Sheet & Budgets Analyzed Variance Organized financial statements at the year end and get audited by the Auditors Capitalize Assets of the plant Dealt with financial institution for getting industrial loan and working capital loan sanctioned Fund managed of the promoters’ & institutional loan Reviewed and analyzed Detailed Project Report (DPR) of the plant for variance analysis Attended Board meeting to apprise financial matters Reviewed and analyzed various products of regular production and of Contract/ bulk supply to the client applying Marginal Costing & Contract Costing. Responsible for Transfer pricing, fixation of the MRP of the products, productivity analysis and identification of the cost reduction areas. Analysis of permissible discount to the distributor/dealer having study market trend and the cost of the product. Revised pay scale to impact on profitability and revaluation of Assets for reinsurance Coordinator in Software development based on tailor made ERP solution: Instrumental in business process re-engineering, strategic development, business logic development and documentation, system flow documentation. Implemented new system and data migration Show less

    • Cost Accountant
      • Aug 2003 - Aug 2006

      A Royal Govt. of Bhutan Undertaking) Phuentsholing, BHUTAN Manufacturer of Plain & Laminated particle board of interior & exterior grade and its ready to assemble furniture. The Factory of Board located at Tala & of its Furniture is at Pasakha in Bhutan) Key Deliverables: Reviewed and analyzed various products of regular production and of Contract/ bulk supply to the client applying Marginal Costing & Contract Costing. Responsible for Transfer pricing, fixation of the MRP of the products, productivity analysis and identification of the cost reduction areas. Analysis of permissible discount to the distributor/dealer having study market trend and the cost of the product. Revised pay scale to impact on profitability and revaluation of Assets for reinsurance Coordinator in Software development based on tailor made ERP solution: Instrumental in business process re-engineering, strategic development, business logic development and documentation, system flow documentation. Implemented new system and data migration Show less

    • Finance Manager
      • Mar 2002 - Jul 2003

      Key Deliverables: Prepared MIS reports and Budget Organized financial statements at the year end and get audited by the Auditors Key Deliverables: Prepared MIS reports and Budget Organized financial statements at the year end and get audited by the Auditors

    • Accounts & Administrative Officer
      • May 1999 - Feb 2002

      Key Deliverables: Handled Contract Accounting of the civil construction work undertaken by the contactor. Responsible for financial matters like banking transaction and preparation of budgets, inventory control, liaison work, MIS, handling of administrative & general management relating to local purchase, logistic management of construction material from source to site. Key Deliverables: Handled Contract Accounting of the civil construction work undertaken by the contactor. Responsible for financial matters like banking transaction and preparation of budgets, inventory control, liaison work, MIS, handling of administrative & general management relating to local purchase, logistic management of construction material from source to site.

    • Management Trainee
      • May 1998 - May 1999

      Key Deliverables: Prepared monthly Trial Balance, party wise sundry debtors, creditors reconciliation, Budgets, Costs sheets, Profit & Loss account, MIS and monthly cost statement process wise & product wise Handled Half yearly/yearly closing of accounts and dealt with auditor Performed analysis of variances Key Deliverables: Prepared monthly Trial Balance, party wise sundry debtors, creditors reconciliation, Budgets, Costs sheets, Profit & Loss account, MIS and monthly cost statement process wise & product wise Handled Half yearly/yearly closing of accounts and dealt with auditor Performed analysis of variances

Education

  • ICFAI
    MBA, Finance
    2006 - 2010
  • Institute of Cost Accountants of India
    Cost & Management Accountancy, Costing & Accounting
    1994 - 1997
  • Sambalpur University
    B Com (Hons), English
    1989 - 1994
  • L N College, Jharsuguda, Sambalpur University
    Diploma; B.Com, Computer Application
    1989 - 1994

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