Experience

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  Steel Authority of India Limited

  • India
  • Manufacturing
  • 700 & Above Employee

  • Deputy General Manager Finance

    • Jan 1981 - Present

    39 years of Leadership experience in Finance, across all functions, including Budget Planning, Payable & Receivables, Reconciliation, Management Reporting, Internal Audits and Statutory Audits.

  • Assistant General Manager Finance

    • Mar 2006 - Mar 2013

     Managed a team of 53 finance professionals, including 20 senior officers  Maintained cordial relationship with staff trade bodies. Successfully managed to close the books of accounts every year consistently before the due date without any errors.  Handling of all credit documents such as, Bank Guarantee, Letter of Credit and other credit documents and negotiation of the same for getting the payments. Period review of audit process and successful completion of both internal, external and government audit through effective audit controls and processes. Face to face interaction with top Indian corporate finance leaders, including Reliance, L & T, and turn-key project leaders such as Gammon India, Afcons, HCC, Simplex to generate revenue and realize payments. Timely Management Reporting on various finance related functions, such as Payables due with lead time, Receivables outstanding, Budget spent Vs planned for the branch, forecasting on collections, Bank reconciliation.

  • Senior Manager Finance

    • Apr 2001 - Mar 2006

     Promoted as Senior Manager Finance and moved to Nagpur Branch to manage large scale sales transactions.  Managed a team of 30 financial professionals including 10 Senior Officers  Effectively reduced the receivables cycle time as well as improved the overall cash flow for the branch, by direct interactions with Public Sector Units, Government organizations including Western Coal Fields, Ordinance Factory, Garrison Engineers, BHEL and major private players. Consistently closed the books accounts of the branch ever financial year on time, without any issues or errors. Timely Management reports on all finance related activities with pro warning system and preventive actions. Successful completion of internal audits and external audits as part of the audit compliance. Rigorous follow up with Maharashtra Electricity Board who had more than 5 year old receivables to the tune of INR 100 Million ( Coal India ). Improved cash flow through successful Reconciliation of books of accounts of key customers  Implementation and migration of existing finance system to new SAP system through effective coordination with IT. Additionally held the post of branch in-charge Jabalpur and Goa Branch as interim.

  • Manager - Finance

    • Apr 1999 - Mar 2001

    - Promoted from Deputy Manager Finance to Manager Finance and posted in Chennai - Realizing the payment on time through direct interactions and dealings with Railways, Defense, BHEL State Electricity Boards, where volume of transactions are high.- Took additional responsibility to look after Bangalore and Pondicherry Branch as and when required.

  • Deputy Manager - Finance

    • Apr 1996 - Mar 1999

     Managed a total team of 15 members including 5 senior officers.  Consistently closed the books of accounts every financial year as per timelines without any errors. Successful completion of internal and external audit processes. Completed pending sales tax assessment for the past 5 years Took additional responsibility to look after Bangalore Branch as and when required.

  • Junior Manager - Finance

    • Apr 1989 - Mar 1996

     Direct contact with the customers both for Marketing and also for receivables from Private Sectors, Public Sector, Government and Railways. Compliance of Documentation Compliance of Legal formalities in respect of court cases. Dealing with statutory authorities in respect of Income Tax, Sales Tax, Excise matters Managing of stock accounting and logistic issues Preparing tender documents and also in participating tender committees. Saving considerable amount for the amount while doing Branch reconciliation and also customer account reconciliation which was outsourced. Active participation in computerization and also implementation of new Software including suggestions in the finance module.

  • Accountant - Finance

    • Apr 1987 - Mar 1989

     Leant all financial related activities including managing Internal, External, Statutory, and Government Auditors.  Payment to Vendors as per the contract terms and follow-up Sundry Debtors to realize outstanding. Provided suggestions, solutions and implementation plan for upgrading the finance modules in the systems for effective operations. Effectively managing the activities of third party outsourcing for the scope and also realized the dues through proper reconciliation with outsourcing agency.

  • Junior Staff - Finance

    • Apr 1981 - Mar 1987

     Started learning Finance Operations and Marketing and managed to sell good quantity of Bye-Products of SAIL like Ammonium Sulphate and Fertilizer product. Reported to senior Branch Managers/Branch Finance in Charge and started learning stock accounting/financial management/cash and bank matters.

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  Other Organizations

  • Coimbatore Area, India

  • Entry Level Staff

    • Apr 1975 - Mar 1981
    • Coimbatore Area, India

    Associated Company Limited (ACC) Coimbatore 1980-1981 Stock accounting Coordination of activities of Works Manager. Factory meeting procedures and shop floor proceduresRadio Astronomy Centre, TIFR, Ooty 1977-1980 Stock accounting and logistics systems including Purchase procedures Administrative support to Senior Scientists and officers.Galada Lighting, Pune 1975-1977 Started the career in working in Marketing and Finance