CURRICULAM- VITAE

C.A. Jha Bibhuti Nath

Mobile: - +62-811*******/895********

Email. acw29j@r.postjobfree.com/acw29j@r.postjobfree.com

Career Objective:-

To be placed in a dynamic organization having professional working

environment and achieve high career growth through continuous learning,

setting high goals and motivate others to do the same.

Career Summary

. Passionate, result oriented finance person with 22 years cross

functional experience in Multi plant Accounting & Financial

Operations, Budgeting & Forecast, Fund management, Audit, Cost Control

& Internal control evaluation. Man management, SOX compliance

. Business planning and decision making to achieve planed target

. Preparation of budget and its monthly monitoring and analysis of

variance.

. Business partner with unit heads to achieve organization goals

. Fund Raising - Working capital and Projects & term loans

. Treasury and Banking Operations and Cash flow management for unit and

corporate

. Accounting and reporting as per Accepted GAAP and Statutory Audit ( E

& Y)

. Daily/Monthly/quarterly reporting for management and regulatory

authority

. Taxation and other regulatory Compliance

. Commercial aspect of various contracts, supplier and third party job

work.

. Risk Management assessment & Monitoring with proper Insurance & other

majors

. Evaluation of internal control System time to time

. Being CFO attended Board meetings and other stakeholders

. Conceptualizing & Implementing Accounting policies in line with

international best practices like IFRS/US GAAP/IND GAAP/PSAK

. Transfer Pricing, FOREX management

. Lead training and implementation of new process and motivation to

achieve goal.

. Experience in Leadership role in driving ERP & SAP implementation

From July, 1990 to Nov, 1993- Articled ship with leading Audit Company

Chaturvedi & Co., Kolkata ( Various Internal/Statutory/management/Tax Audit

of leading private and public sector companies)

From Dec., 1993 to March, 1998 - S.R Batliboi & Co. (Member firm of Ernst &

Young, USA), Kolkata (Various Internal/Statutory/management/Tax Audit of

leading MNC/private and public sector companies)

From April 1998 to Sept., 2013- Birla Group and Adventz Group at their

manufacturing units started as Finance officer and promoted to CFO.

From Sept., 2013 to April 2014- SJB & Associates - as a partner in charge

of region (Northern region India)

From May 2014 to May, 2015- RGM International (India )Pvt Ltd- a MNC in EPC

business, as Dy CFO ( Head of India Office)

From May 2015 to till date - PT Pacific Indopalm Industries, Indonesia, as

Finance controller ( Role of CFO)

Employment History & Job responsibility

From May, 2015 to till date associated with PT Indopalm Industries (a group

company of HSA Group) as Finance Controller (role of CFO)

Reporting to the Regional Managing Director (Indonesia) & Group CFO (Dubai)

. Heading Accounts, Finance, Taxation, Audit, Commercial & Compliances,

. Preparation of annual business plans & Budgeting for discussions &

approval

. Monitoring timely preparation of various MIRs on daily, weekly,

monthly, quarterly & yearly basis to be used for various internal &

external purposes.

. Monitoring variance analysis of actual with budget & highlighting

reasons for major variance and recommend corrective action.

. Working capital management

. Monitoring treasury for best use of available fund and utilization of

cash credit limit.

. Monitoring product wise market price of product in consultation with

group marketing head and accordingly finalize production for

fortnight/month to get maximum margin on product sold.

. Monitoring risk management section including sufficient coverage of

insurance of all property of the company.

. Monitoring commercial aspect of various contract for routine and

project

. Monitoring Accounts receivable, Payable and advances etc.

. SOX compliance

. Monitoring compliances under various Act & regulations mainly

Corporate tax, VAT, WHT & Custom

. Monitoring various audit like statutory, internal, VAT, Customs.

Achievement:

. Updated Assets register and got cleared from Custom department (

because of bonded zone)

. Got introduction of best method for transfer pricing to get tax audit

completed

. Got sanction from FIs various operational and other loans over and

above cash credit at lower rate.

. Reduced inventory carrying cost after implementing various majors.

. Identified various VAT refund not claimed or rejected by the

department.

. Within six months became member of corporate executive team for

implementation of various new initiatives, regulations, Risk

assessment team, cost control majors and analysis of internal control.

From May 2014 to May 2015 associated with RGM International (India) Pvt.

Ltd. Gurgaon (a Multinational company in EPC business) as Deputy CFO

(Heading Accounts, Finance, HR, IT & commercial of RGM-India, and other

group companies at various countries)

Reporting to the group CFO and Chairman at Dubai

. Heading Accounts, Finance, Taxation, H.R., Commercial & Compliances.

. Preparation of annual business plans & Budgeting for discussions &

approval

. Monitoring timely preparation of various MIRs on daily, weekly,

monthly, quarterly & yearly basis to be used for various internal &

external purposes.

. Monitoring variance analysis of actual with budget & highlighting

reasons for major variance and recommend corrective action.

. Monitoring fund arrangement for long term & short term purposes from

financial Institutions & documentations for the same.

. Monitoring fund requirement of group companies & allocation of

required fund at various site & group companies.

. Monitoring commercial aspect of various contracts taken and to be

given to subcontractors.

. Monitoring Debtors collections & Payment to Creditors.

. Monitoring compliances under various Act & regulations mainly under

Direct tax & Indirect tax, FEMA, RBI, Secretarial, Labor Act & others

. Monitoring various audit like statutory, internal & Tax.

. SOX Compliance

. Monitoring preparation of various financial statements under IND GAAP

& IFRS for various purposes

. Corporate Governance & Legal/Secretarial Compliances

Achievement:

. Compliances under various Act/regulation for non compliances

. Arranged project loan at best rate for new projects

. Identified various advances lying in the name of some employees since

long

. Got interest income on millions of foreign currency given as security

on BG

From Sept., 2013 to April, 2014 as Partner of SJB & Associates, Chartered

Accountants (Head Northern region) at Gurgaon, India

Advisory services for various finance, Taxation, FEMA/RBI regulations &

compliances.

From April 1998 to August, 2013 with Birla group of Sugar Industries at

their biggest plant, The Oudh Sugar Mills Ltd till May, 2006 at their plant

as Finance Officer (Chief Accountant) to VP (Finance) and from May 2006 to

August 2013 with ADVENTZ Group (Gobind Sugar Mills Ltd) as VP (Finance) to

EVP/CFO. (Having 7 Sugar Plant, 5 Power plant, Two Distilleries, Two Bio

compost Plant, One canning Product plant & Trading of fertilizers of Zuari

Group)

. Heading Accounts, Finance, Audit, Taxation & compliance

. Preparations of annual operating plan & Budget for discussions

. Started preparation of various MIRs on daily, weekly, fortnightly,

Monthly basis for all units

. Monitoring budgets and comparing them with actual cost and variance

analysis for control & analysis purposes and recommended corrective

majors.

. Monitoring preparation of various loan proposals for Bank & FIs for

project loans, term loan & working capital for all units.

. Monitoring preparation of various consolidated financial statements

(monthly, quarterly, half yearly & yearend) for internal & external

usage.

. Coordination with statutory, Internal, Cost, tax, excise, bank, ISO

audits

. Project Monitoring, Reporting & Accounting

. Direct & Indirect Tax compliance by all units

. Monitoring corporate governance & compliance under various

Act/regulations.

. Product wise costing to take suitable decision by the top management.

. Preparation of Fixed Assets registers to have better control of

company's assets.

. Monitoring proper insurance of all assets of company to avoid loss.

. First time implemented risk management & monitoring

. Time/Man management of various sections to control cost.

. Inventories management to avoid idle blockage of funds.

. Other various majors to control costs of outsourcing & logistics

. Implemented best system to award various contract for project &

routine jobs.

. Monitoring Collections from Debtors & Payment to Various creditors.

. Represent the company to financial partners, including financial

institutions, investors, auditors, public officials etc

Achievement:

. Computerization of units from manual accounting to Tally- ERP- SAP

. Developed Monthly reporting system in group company with variance

analysis

. Developed product wise daily costing to take suitable decision well in

time by the higher management.

. Reduced manpower cost by 10% to 15% by various strong majors and also

developed system to control ghost labor being engaged in various

sections.

. Reduced Contract cost by Approx 20% by implementing own workers uses.

. Arranged working capital loan of INR 5000 millions at 11% as compared

to existing 14.75%

. Arranged more than INR 3000 millions for expansion & modernization of

plant.

. Regularized documentations of Entry tax and got demand of more than

INR 500 million dropped by tribunal and high court.

. Implemented System/check to control best/actual quality of raw

materials.

. First time implemented Risk management system & Monitoring in the

group

Promoted as Vice president (finance) in the year 2004 & EVP (Finance)/CFO

in 2007

Worked as qualified asstt /in charge for S R BATLIBOI & CO. (a member firm

of Ernst & Young ) Kolkata from Dec. 1993 to March 1998 (Up to March 1996

as an employee & from April 1996 to March, 1998 as a retainer) Reporting to

the Partner

. Statutory, Management & internal Audit of various MNC & big Indian

corporate & public sector companies. Like Bata India, Indian Rayon &

Industries Ltd. Godrej & Boyce Mfg Co. Ltd. SAIL (Rourkela & Bhilai

unit), Birla Group of Sugar Industries, Kitply Industries Ltd. Hotel

Hindustan International. etc

Educational Qualifications

. B. Com. with 63% marks

. CA in Nov. 1993 batch

. ICWA (Inter) Dec., 1992

Computer Knowledg

. Operating Systems : Windows 98/ Windows XP

. Packages : MS Office, SAP, ERP and Tally

Personal Particulars:-

Name : - Bibhuti N. Jha

Date of Birth : - 13th January, 1968.

Mailing Address: - PT PACIFIC INDOPALM INDUSTRIES

Jl. Raya Dumai, Basilam Baru, KM14

Dumai, 28882. Indonesia

Tlp: +627**-******, 16, 17, 18 Ext:

214, 215

Facs: +627**-******

Current CTC- US$ 56250 PA Plus USD 3600 PA as Meal allowances, Fully

Furnished House, Car and plant performance bonus as decided.

Expected: - As commensurate with my experience & position / Negotiable

Notice Period:- Two Months' notice or USD 7500

Language Known: English, Indonesian (limited) Hindi & Bengali

Passport details: K2955680 valid up to 24.04.2022

Reason for change: Better challenging opportunity

(Bibhuti N. Jha)

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