PRANEET KUMAR

Flat # ** A, Pocket ** A, Kalkaji Extension, New Delhi 1100 19

096******** acn5c7@r.postjobfree.com

FINANCE, ACCOUNTS, MIS AND COSTING PROFESSIONAL

Profile and Strengths:

• Dedicated Professional with a consistent record of delivering results in Finance, Accounts, Taxation, Fund and Cash

Management, Budgeting, Turnaround Management, Due Diligence, Internal Control, Costing, Audit, Manpower

Management, MIS and Liaison.

• With 15+ years of keen business perspective, currently steering the financial and accounting operations of

Avantor Performance Materials India Limited, Faridabad as Senior Manager – Finance.

• Skilled in Profit Planning, Product Costing, Standard Costing, Marginal Costing and Process Costing. Designing and

implementing systems with ability to achieve financial discipline & enhance the overall efficiency of the organization.

• Adroit in Financial Planning/re structuring, process design and implementation, evaluating & implementing Internal

Controls and ensuring compliance with various laws and other statutory requirements.

Key Competencies:

• Financial and Control Management, Financial Analysis, Financial Forecasting, Audit Facilitation

• Strategic Financial Planning/ Projections, Statutory Compliance, Budgetary Control, Costing

• Process Improvement, Internal Control and Organizational Excellence, SAP FI/CO Module

• Direct and Indirect Taxation, Working Capital Management, MIS Functions, Liaison and Coordination

PROFESSIONAL EXPERIENCE

Avantor Performance Materials India Limited, Faridabad since December 2007

Avantor™ Performance Materials manufactures and markets high performance chemistries around the world. Avantor's

products are used in academic, industry and quality control laboratories for research, and they are used in the

manufacturing of pharmaceuticals, medical diagnostic processes and electronics, including semiconductors and LED

units

Senior Manager – Finance (Joined as a Manager Accounts)

Finance/ Accounts:

• Strategically planning & implementing the systems, policies & procedures to initiate and control finance, projected

towards organizational goals to maximize profitability and generate revenue.

• Institute internal controls to contain expenses within decided parameters; responsible for consolidation/ finalization of

the Financial Statements.

• Monitoring statutory books of accounts, bank reconciliation as well as financial statements including Trial Balance,

Profit & Loss Account, Accounts Payables and Receivables Statements and Balance Sheets.

• Carrying out Project accounting and Project capitalisation and its subsequent audit.

• Creating & forwarding MIS reports to top management to provide feedback on financial performance viz. Profitability,

Working Capital Management, Cost Control, Credit Control etc.

• Prepare financial reports to determine the financial viability, projecting cash flow and growth opportunities while

preparing projected financial statements.

Auditing/ Taxation/ SAP:

• Spearhead complete audit planning and management activities, independently coordinated the audits of the projects

in India and abroad and ensure completion of audits within the agreed time.

• Manage tax compliances, calculate tax payable & authenticate the same with the documents/ evidences provided.

Preparing/ filing necessary forms & documents as per the I.T., Sales Tax, Excise and other statutory acts.

• Handled SAP enhancement project as the team lead from finance side for CO, AM module implementation and

integration between PP and CO module.

Costing/ Fund Management:

• Mapping requirements of working capital and long term financial resources and securing the needed funding.

• Compiling cost and performance reports, cost benefits analysis and cost reduction studies of various areas.

• Implementing cost management initiatives, monitoring various overheads and achieving maximum cost control.

• Responsible for determining product prices; formulating price proposals as per the special pricing scenarios while

reviewing Products/ Market Mix for maximisation of profits and achieve organisational targets.

• Experienced in designing product costing system including creation of process & product cost sheets, intermediate

cost sheet as per CAS 4 requirement and its subsequent audit.

Achievements:

• Restructured and modernized corporate account activities encompassing proper reconciliation of P&L and Balance

sheet accounts, Data cleansing of fixed assets, automation of Capex Management and Fixed Asset accounting

through SAP, Product Costing for new plant, closing of books of accounts as per revised Schedule VI and its

subsequent audit.

• Developed and managed the costing of company’s manufactured products & of Toller’s.

• Put in place the process for calculation of Intermediate Cost for captive consumption under CAS 4.

• Devised Plant related projection data for the demerger of veterinary business of RFCL, got it audited from different

agencies resulting in successful divestment of the concerned business to Pfizer Inc.

• Steered operations to ensure the timely and accurate preparation of RG1 Register, P.L.A., Cenvat Credit in RG23

A/RG23 C and statements to be filed in ER 1, conforming to the norms specified in the Central Excise Act.

• Acted as a:

Team member for the preparation of blue print for the Global implementation of SAP in Avantor

Performance Materials.

Team leader in conversion of IGAAP financials to US GAAP.

• Led and monitored the core team for the implementation of CO module at RFCL.

• Worked on SAP FI and CO Module and handled project capitalization worth Rs. 70 Crores to 150 Crores.

TATA REFRACTORIES LIMITED, ORISSA September 2006 December 2007

Senior Officer (F&A)

Led BAAN IV team members for implementation at TRL Gujarat Operations.

Administered project capitalization worth Rs. 50 Crores and its subsequent audit.

Put in place the Accounting policy for Gujarat and ensured smooth operations.

Handled Excise EA 2000 Audit and CERA Audit and carried out financial due diligence of Meena Agency in the

formation of JV between TRL, Meena Agency and GMDC.

PRECISION SAFETY EQUIPMENT LIMITED, DELHI March 2004 – August 2006

Manager (F&A)

Coordinated and follow up with bank for obtaining the CC limit of INR 50 Million.

• Developed Product costing to ensure smooth financial operations.

SRI BAIDYANATH AYURVED BHAWAN (P) LTD., PATNA March 1998 – January 2004

Cost Accountant

Designed and implemented the cost accounting system for Ayurvedic Formulation.

Streamlined and restructured the stock management with ABC classification and calculation of various stock levels to

be maintained.

• Facilitated digitization of Bills of Materials of over 700 products

RAM NATH IYER & CO. NEW DELHI

Part Time – Cost Audit

Audited Maruti Udyog Ltd., Gurgaon; Dabur India, Sahibabad; Hero Cycles, Sahibabad & Hero Honda Ltd. Gurgaon

EDUCATION

LL.B., Magadh University, 2003

• Cost & Works Accountancy, ICWAI, 1999

• Six Months Advanced Diploma in Software Application, NIIT

• Training: SAP R/3 FI module

• IT Skills: Conversant with the ERP environment – SAP R/3 ECC 6.0 & BAAN IV

Date of Birth: 25 August, 1971

References: Available on request

Contact this candidate