Manager Financial Analyst

Priyanka Arora, CA

Suite *** ~ ** Mabelle Avenue ~ Toronto, ON ~ M9A 4Y1 ~ 647-***-**** ~ ************@*****.*** Career Objective

An experienced and results oriented professional with a degree in accounting and a decade of experience in Costing, Financial Reporting and Process Improvement, I am looking for a challenging role in a progressive organization where I can apply my knowledge to make impactful contribution and further my skillset. Professional Experience

Manager, Cost Controller - Schneider Electric (Electrical Manufacturer with Rev CAD35Billion, Headquarter France) Reported to Director and managed a team of 3 analysts for Cost Reporting and Financial Analysis

Redesigned Costing Method to allocate Labor Costs on Products instead of Business Units, leading to 20% accuracy increase

Responsible for Quarterly Cost Roll up activities including validation of material costs using BOM (Bill of Material) analysis, calculation of weighted average and simulation of changes in finished goods cost

Conducted Variance Analysis (Forecasted Vs. Budgeted) for Revenue & Expense during Monthly Revenue Estimation

Prepared Unit’s/Consolidated Quarterly Financial Statements (incl.Commentary) and reporting compliant with US GAAP & IFRS incorporating the different treatments by the two standards on asset accounting, classification of liabilities & inventory valuation.

Conducted Monthly/Quarterly/Yearly books closure - G/L account reconciliation, inter-company adjustments and MIS Reporting

Responsible for B/S & PnL analysis involving cost updates, fixed assets capitalization, inter-company adjustments, working capital management, depreciation, revenue, Multi-Currency AR/AP & expense trend monitoring.

Co-ordinated with Purchase team to identify drivers of price fluctuations for both Pricing of Electronic & Mechanical parts

Compared the quarterly product cost with budgeted costs for all product families and coordinated with cross functional teams

(Material Planning, Purchase etc.) to bridge the gaps concerning Direct Cost, Operational expenses

Calculated costs & profit safety factors for newly launched diverse product lines viz GVS(Agilis) and Accusine considering aspects such as fluctuating commodity index & Forex rates leading to change in raw material prices

Facilitated a smooth closure in Internal Audit & Cost audit by providing inventory reports, fixed asset register, incidental details Manager, Business Finance - Infosys Ltd (IT Consulting with Rev CAD14Billion, Headquarter India) Reported to Vice President and managed a team of 2 for Budgeting and Financial Reporting

Awarded with Star of Finance at Infosys Technologies for being best overall performer in 2015

Coordinated with service line leadership and evaluated Statement of works & Master services Agreement to prepare the weekly revenue estimates & identify the risks involved in achieving the target

Conducted Weekly Reviews on Daily Sales Outstanding (DSO) and Collections for the Unit to update the Top Management

Implemented US GAAP & IFRS/IFRS-9 compliant accounting and reporting framework for monthly & quarterly reporting to Unit

& Region Head

Designed Reports to regularly track various stages of Revenue at Risk (RAR) such as “Documents check, pending clarification, With Financial Analyst & Signed off”

Prepared Monthly Variance Analysis Reports (Actual Vs. Estimated) for Revenue & Expense

Accomplished IFRS compliance for the asset management reports & inventory reports incorporating FIFO & Revaluation Model Deputy Manager Finance - Sterlite Technologies (Telecom Manufacturer with Rev CAD 1 Billion, Headquarter India) Reported to Senior Manager and managed a team of 3 for Vendor, Receivables and Fixed Assets Management

Awarded Star Performer at Sterlite Technologies Limited for analyzing a case for Income Tax Appellate Tribunal, Mumbai

Formulated business plans to maximize revenue generation & profitability, realize organizational goals

Streamlined year end account finalization activities (Intangible Assets, Consolidation, Inventory Valuation & Revenue recognition) and made them coherent with IFRS & US GAAP

Redesigned the Chart of accounts in SAP system to maintain parallel books (US GAAP & IRFS) for revenue, direct & abnormal operating costs, assets & liabilities

Implemented budget controls across lines of business by synchronizing inventory & preventing excess booking of expenses

Led the development of LOB wise reports used for strategic decision making- Segment Wise Profitability, Product wise Profitability

Attended Income Tax Hearings & Appearing before CIT (Appeals) & Income Tax Appellate Tribunal Core Competencies

Software: MS Excel, MS Word, MS Power Point, SAP R3 (ERP), Oracle & BPC (Business Planning & Consolidation)

Technical Skills: IFRS, US GAAP, Product Costing, Labor Cost Analysis, Financial Reporting & Analysis, Team Management Education

Institute of Chartered Accountants of India (ICAI) (acceptance rate less than 2%) New Delhi, India

Chartered Accountant May 2003 – Jun 2009

Completed all the levels in first attempt and with first division in each

University of Kota Kota, India

Bachelor of Commerce May 2003 – May 2006

Scored 70% marks overall

Mississauga/ Bangalore

Jul 2017-Jan 2019

Bangalore, India

Jan 2014 - Jul 2017

Silvassa, India

Jan 2009 – Dec 2013

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