Injection Molding Plant

KEY SUMARRY

Controller/CFO with extensive experience at manufacturing company with exposure to US and Indian GAAP. Demonstrated leadership and proven record in delivering financing solutions, bottom line performance improvement and value creation. Strategic thinker with excellent communication skills who effectively engages with a matrix organization cross-functionality and delivers business results.

Achievements in AMTEC: the highlights are as below:

1.As head of finance took lead role in turning around the company during the 2008 &2009 economy slow down.

a.It involved preparation of a detailed financial plan for the transition.

b.Came up with new ideas of cost reduction and control.

c.Worked with Banks to refinance/restructure the debt. This included an interest reduction and deferment of interest payment.

d.Worked with vendors for payment options.

e.Always motivated the entire team during this process.

2.Turned around the AMTEC Molded plant after relocation.

3.In 2016 successfully refinanced the entire loan with better terms and including lower interest rates.

Work Experience

From June 2006 till date

Designation - Controller-Finance

Amtec Precision Products Inc. (a leading global manufacturer of precision metal components for OEMs and suppliers in the automotive.)

Job Profile

Overall financial reporting responsibility, this includes monthly financial statements, analytical reports, compiled in MIS submitted to the Board and the bank.

FP&A, preparing & maintain budgets, analysis of variances and most important discussing and educating the production team about cost vs actuals.

Dealing with lenders, their examiners, outside auditors.

As a leader takes responsibility to train & develop the staff level skill set.

Handled multiple special projects as needed including real estate lease negotiation, Implemented new ERP system and also made improvements after implementation.

AMTEC Molded Products, Inc. - (Head of operations)

This subsidiary of AMTEC is in plastic Injection Molding business. I was given the additional responsibility of heading the operations with a task to turnaround to profitability. I brought stability to its operation and also same time added a new customer which grew to become the largest customer for the company. The plant completely turned around and registered net profit and EBITDA of 9%.

As head of operations responsible for the entire day to day operations and also the future growth of the plant. Took many key strategic decisions such as appointed a dedicated sales team, Implemented New ERP to ensure real time data and information, created back up for every department and individual by cross training, focused on training the workforce to create a long term skilled workforce.

From October 2003 to June 2006

Ucal Fuel Systems Ltd. (an Indian Corporation listed in Bombay stock exchange and Madras stock exchange).

Responsibility was as similar to a plant controller: Reported to the VP of finance at the corporate. I was responsible for accounting, costing and taxes. I was leading a team of 7 people at the plant level.

Participated in the implementation of the ERP (Oracle). Took the lead role at the plant level.

Education

I have passed the CPA exam in first attempt with a score of 87.50%. Also I’m a Chartered Accountant (India) with 14+ years’ of experience.

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