Deputy General Manager Of Finance

• Mar 2021 - Present

AGM Finance and Accounts

• Jan 2018 - Feb 2021

 Responsible for timely closing of plant financial accounting and finalization of Monthly, Quarterly and Annual Balance Sheet, Profit & Loss Account under Ind-AS as well as IGAAP.  Looking after Funds Flow and Cash Flow Analysis at plant level & implementing systems, policies & procedures to facilitate internal financial controls.  Ensure correctness of Booking of expenditures to represent the fair position of books of accounts at the time of monthly and annual closing of accounts.  Accounting and review of purchased raw materials, stores and spares, utilities and other assets including capital assets.  Coordination with external/ internal audit teams and compliance with accounting standards  Providing commercial and accounting support to subunits within the organization in terms of Skills and Competencies required for knowledge of finance, accounting, budgeting, and cost control principles.  Liaison with Banks, Debtors (for Receivables management) and creditors (Payable Management) etc for making/ receiving payments including LC Discounting, Bank Guarantee.  Managing Accounts Receivable including accounting, billing and collections systems, processes and best practices in relation to Ageing analysis, BOE presentation and bill discounting of customer billing, customer account reconciliation schedules.  Monitoring and effectively managing the working capital requirements of the company particularly in relation to inventories, debtors and borrowings.  Participate in planning, developing and implementing GST strategies to optimize tax incidence.  Oversees the cost control systems, manages and interprets cost audits, and prepares cost accounting reports for presentation to top management. Gathers historical cost data (materials, labour, depreciation, operating expenses, etc.) of different processes including sinter, blast furnace, steel melting shop, rolling mill, captive power plant to compare budgets with actual expenses. Show less

Senior Manager-Finance

• Feb 2012 - Dec 2017

Responsible for monthly MIS, Financial Reporting, Variance Analysis. Analysing financial data for financial reports. Day to day supervision of accounting functions such as accounts payable, accounts receivable. Ensuring that the financial records are accurate and compliance with accounting policies and procedures. Coordinating with the senior management regarding any financial decisions that are made. Managing with Plant level TDS, CST, VAT, Central Excise and Service Tax matters. Annual OPEX and CAPEX preparations, variance analysis, proposing the management for minimizing the costs. Monthly Profit & Loss, Balance Sheet Schedule preparation. GL Scrutiny and monthly & annual closing entries. Coordinating and supporting Statutory & Internal Auditors by providing financial reports, GL dumps, qualitative informations in order to complete the audit compliances in time. Looking after Cost Centre Accounting & Inventory Control and thereby also reporting to Management in this issue. Leading a finance team of 10 finance members and also coordinating with other departmental team members in resolving major issues. Working with SAP environment having good exposures with different modules, i.e. FICO, MM, PS, PP, S&D. Show less

Deputy Manager- Finance

• Nov 2010 - Feb 2012

Acts as Finance Controller of the plant. Assisting in preparation of Budgets, Key Operating Plans of the Units. Scrutinizing capital expenditures, preparation of legal formalities for construction, site development, and machinery purchases. Coordinating with Income Tax, TDS, Central Excise and Service Tax matters. Periodical EBIT Call, MIS preparation, AOP analysis, CAPEX analysis. Monthly Profit & Loss, Balance Sheet Schedule preparation. GL Scrutiny and monthly & annual closing entries. Coordinating with MAG, Statutory & Cost Auditor. Looking after Cost Centre Accounting & Inventory Control. Leading a finance team of 5 finance members and also coordinating with other departmental team members in resolving the issues. Controlling purchase burden, overheads. Show less

Associate Manager-Finance & Accounts

• Dec 2007 - Nov 2010

Projecting and maintaining preoperative expenses of the project. Assisting in preparation of Annual Operating Plans. Scrutinizing capital expenditures, preparation of legal formalities for construction, site development, and machinery purchases. Looking after Income Tax, TDS, Central Excise and Service Tax matters. Projecting CAPEX flows along with updating the top management regarding the project completion reports period wise. (project completed in 6th Dec 2008) Periodical MIS preparation, AOP analysis, CAPEX analysis. Monthly Profit & Loss, Balance Sheet Schedule preparation. GL Scrutiny and monthly & annual closing entries. Coordinating with MAG, Statutory & Cost Auditor. Looking after Material Ledger, Cost Centre Accounting & Inventory Control. Vendor Analysis along with Work order, Letter of Intent in relation to legal formalities such as PBG, L/C, Penalty. AP, AR, G/L Analysis in SAP. Show less