Binesh Raj

COST AND MANAGEMENT ACCOUNTANT (CMA)

SUMMARY

Results-oriented cost accounting professional with a strong background in heavy manufacturing companies across diverse industries, including isolation valves, aerospace and defense valves, industrial valves, NPD’s, solid surface, interior-fitouts, wooden cladding, countertops and joineries, spinning mills, weaving wider and narrow looms, knitting, processing, knitted garments. Expertise in managing cost accounting, cost control, inventory management, and corporate reporting. Proven track record of delivering value and innovation in cost optimization, performance management and process improvement initiatives across multiple industries. Successfully implemented ERP systems, specifically Oracle, to streamline operations for the diverse products across the departments such as SCM, Production, Projects, Sales and Finance. Skilled in working at complex and multicultural global environments, adapting to the unique requirements of each industry. Adept at collaborating with cross-functional teams, provide valuable insights for informed decision making.

COST ACCOUNTANT 2022 - Present

Al Othman Holding, Dammam, KSA

Spearheaded the successful implementation of the Oracle ERP system for Costing, Projects, Supply Chain, and Fixed Assets, optimizing financial accuracy and cost management specifically within manufacturing operations. This involved leading cross- functional teams, overseeing system integration, and driving process improvements.

Conducted regular inventory and fixed asset counts to ensure precise financial records and mitigate fraud risk, specifically within the manufacturing context. This entailed utilizing strong analytical skills to reconcile physical inventory with financial records and implementing robust control measures.

Monitored budget spending and proactively addressed potential issues to achieve financial targets and project performance goals, with a specific focus on manufacturing. By closely tracking expenses, analyzing variances, and taking corrective actions, I ensured adherence to budgetary constraints and supported the overall financial health of the organization.

Oversaw project estimates and implemented budgeting and cost tracking measures to drive profitability in manufacturing operations. This involved collaborating with cross- functional teams to develop accurate project cost estimates, establishing budgetary controls, and tracking actual costs against projections.

Analyzed actual manufacturing costs, comparing them to standard costs, enabling informed decisions on pricing, cost reduction initiatives, and bottleneck analysis. By conducting comprehensive cost analyses, I provided valuable insights into cost drivers, identified areas for improvement, and supported strategic decision-making.

Cultivated a culture of continuous improvement within the manufacturing environment, focusing on enhancing efficiency, cost savings, and cross-functional collaboration. Through the implementation of lean principles, process optimization initiatives, and performance management strategies. CONTACT INFO

+91-766******* (WhatsApp)

+966-********* (Phone)

ad33xa@r.postjobfree.com

Coimbatore, TN, India

EXPERTISE

Oracle

(Projects, SCM, Contract,

Budget and Finance).

QAD.

BPC.

SOX Controls.

Excel Advanced.

Power Point.

Word.

GST Audit.

Monthly GST Compliance.

Internal Audit.

Evaluation projects based

on Cost benefit analysis.

Tally ERP 9 with GST.

Module and GL Reco.

GAAP

Budgeting and Forecasting

WORK EXPERIENCE

Variance Analysis

Performance-

Management

Budgeting

Fixed Asset

Internal Audit

Inventory

Work Center costing

Capex

Taxation

MIS Reporting

Project Costing

Cost Control

Standard Cost

/bineshrajbcma

CORE COMPETENCIES

STRENGTH

Analytical and

Interpersonal skill.

Task planning and

execution.

Good leadership quality.

Zeal to learn new things.

Punctual and hard working.

Strong decision maker.

INTERESTS AND

ACHEIVEMENTS

Student representative of CMA

Chapter Coimbatore (2016).

Gave presentation on CMA

Global summit on young

entrepreneurship

Runner up in interschool

Football tournament (Team

Captain).

High jump district level runner

up.

Winners in interschool Band

troop competition (Trumpet

player).

Winner interschool Mime

competition.

HOBBIES

Football.

Recently exploring the world of

Books.

Organizing cultural events in

the neighborhood.

Movies.

LANGUAGE

English: Native

Tamil: Native

Malayalam: Native

Hindi: Medium

Generated regular and ad- accountability for business and project performance tracking, with a specific emphasis on manufacturing metrics. This included the production of comprehensive reports, such as cost variance analysis, production efficiency measures, and performance dashboards.

Conducted Bill of Materials (BOM) evaluations to optimize production efficiency and reduce costs within the manufacturing process. By assessing BOM structures, analyzing material requirements, and identifying opportunities for cost savings and process improvements, I contributed to enhanced operational efficiency.

Led site inspections to ensure compliance with quality standards, safety regulations, and production guidelines within the manufacturing setting. This involved conducting routine inspections, implementing corrective actions, and maintaining hoc cost performance reports, ensuring transparency and a safe and compliant work environment.

I have consistently demonstrated expertise in manufacturing processes, performance management, cost analysis, continuous improvement, and regulatory compliance. COST ACCOUNTANT 2021 -2022

Circor International, Coimbatore,TN, India

I have effectively managed manufacturing cost and performance analysis initiatives. Some of my relevant accomplishments and responsibilities include:

• Conducting annual Work Center costing to allocate rates and facilitate accurate cost capture in the ERP system, ensuring proper cost allocation and absorption.

• Carrying out transfer pricing activities to reconcile intercompany manufacturing and sales for Industrial valves and Hale Hamilton A&D Valves, ensuring accurate financial reporting and alignment with regulatory requirements.

• Performing Standard costing to establish standardized costs for SKUs and inventory, adhering to GAAP and Industrial policy guidelines.

• Conducting production cost analysis and variance analysis, providing detailed explanations and reports to the leadership team and management, facilitating strategic decision-making regarding production and performance improvement.

• Analyzing orders, comparing planned versus actual performance, generating variance reports, statistical reports, and evaluating daily operations. Additionally, I have been involved in make-or-buy decisions for the organization.

• Collaborating with the IT department to develop various reports, leveraging technology to enhance reporting capabilities and streamline information flow.

• Engaging in budgeting and forecasting processes, closely monitoring costs and performance, ensuring effective cost control and performance management.

• Assumed leadership of the production team, overseeing inventory management, cost control, and budgeting functions. My focus has been on driving efficiency and optimization in manufacturing operations.

I have demonstrated expertise in cost allocation, transfer pricing, standard costing, production analysis, variance reporting, and budget monitoring. I have also provided leadership in inventory management, cost control, and budgeting to drive operational efficiency.

COST OFFICER 2020-2021

Bannari Amman Spinning Mills Ltd, Coimbatore,TN, India I have successfully managed cost-related tasks and contributed to budgeting and forecasting processes.

• Prepared accurate cost sheets in compliance with cost and management standards, ensuring precise cost allocation and effective decision-making.

• Generated control and variance reports for orders, enabling better budgeting and forecasting and facilitating proactive cost management.

• Implemented client and order-based costing methodologies to secure orders and drive value for the organization, consistently meeting targets and enhancing profitability.

• Maintained strict control of budgets from the PO approval stage, minimizing inventory accumulation and optimizing resource allocation.

• Conducted cost audits and prepared reports in adherence to government regulations and Cost Accounting Standards (CAS), ensuring compliance and accurate financial reporting.

• Collaborated with internal auditors to implement cost control setups across various industry verticals, resulting in improved industrial product performance and enhanced cost efficiency.

• Conducted sales analysis and prepared Management Information System (MIS) reports for multiple divisions, enabling effective cost control measures and supporting target achievement.

By leveraging my expertise in cost management, budget control, compliance, and analysis, I have consistently contributed to the organization's financial success and facilitated informed decision-making.

AUDIT MANAGER 2019-2020

P.K.N And Co., Coimbatore,TN, India

I have provided management consulting services across diverse industries, delivering strategic insights and recommendations to drive operational excellence and enhance business performance

• Provided management consulting services to clients across various industries, delivering strategic insights and recommendations to drive operational excellence and enhance business performance. Led a team of four professionals and reported directly to the partners of the firm, ensuring effective collaboration and achievement of project goals.

• Regularly visited clients and successfully presented the scope of services to prospective clients, effectively showcasing the value of consultation services and securing new engagements.

• Conducted internal audits for various manufacturing concerns, identifying areas for improvement in performance and control. Implemented effective solutions to enhance operational efficiency and mitigate risks.

• Conducted GST audits (Indirect Taxation) for multiple companies, ensuring compliance with tax regulations and optimizing tax-related processes. Provided support in GST filing and facilitated smooth and accurate tax reporting. Assisted in statutory audits and annual bank audits, including Central Bank of India. Played a crucial role in ensuring accurate financial reporting and compliance with regulatory requirements. COST AUDIT ASSISTANT (INTERN) 2018-2019

Cost Audit firm Coimbatore,TN, India

Conducted comprehensive Cost Analysis.

Prepared Cost Audit reports in compliance with Cost accounting Standard (CAS)

Cost report and P&L, Balance sheet, other financial statements reconciliation.

Visited and gained valuable exposure to diverse manufacturing industries and business, developing a deep understanding of their operation and challenges and best practices. CERTIFICATES

Leading with Emotional

Intelligence from LinkedIn

Foundations: Data Everywhere

from Google

Career Essentials in Business

Analysis by Microsoft and

LinkedIn Certified Masters in

Financial Intelligence (Udemy).

The Complete Financial Analyst

Course 2021,365 Careers.

Code Yourself! An Introduction

to Programming, Universidad

ORT Uruguay.

Fintech Foundations and

Overview, Hong Kong University

of Science and Technology

Tally Advanced Enterprise

resource

ACADEMIC BACKGROUND

SOCIAL IMPACT

Coaching and guiding students in

various subjects, and helping

them out to face professional

exam.

Yearly supplying essentials to

aged people and study materials

to orphan children in the

neighborhood orphanage.

Member of save the sparrow

club during academic days.

Member of road safety club

during academic days.

Cost and Management

Accountant (CMA)

Institute of Cost Accountants of

India (ICAI) 2016-2019

Bachelore of Commerce B.Com

Indira Gandhi National Open

University (IGNOU) 2016-2020

Class XII

GKD Matric Higher Secondary

School 2014-2016

Class X

CMS Matric Higher Secondary

School 2013-2014

Contact this candidate