Financial Controller Cost Reduction

ARVIND S.OAK

E-Mail id: **************@*****.*** ~ Mobile: +917********* ~Skype ID : arvind_oak

SENIOR Over 30years of extensive expertise in the Manufacturing/Financial Operations LEVEL Costing, Financial & Accounting Management /Initial Public Offering and Bank Financing/ P& L Responsibility

PROFESSIONAL Auditing & Taxation / Statutory Compliance, thereby improving EBDITA margins by way of improving operational efficiency, productivity and cost reduction

Professional Snapshot

Senior Level Executive with extensive Engineering, Finance, & Accounting experience in diverse industries. Presently associated with Kloudopp Limited,Lagos,Nigeria as Chief Revenue Officer. Proven ability to improve operations, impact business growth & maximize profits through cost reductions, internal control and productivity improvements.

Proficiency in managing project finance and finalization of accounts. A strategic planner with expertise in implementing cost saving measures to achieve reduction in the project cost and Productivity enhancement.

Experience in conceptualizing & implementing financial procedures for working capital management, financial controls and costing. Adroit in preparing annual budgets, business plans and internal projections.

Organisational Experience

PT Wood Veneer Indonesia Ltd., Surabaya as Vice President Finance and Commercial September,2018 to 31st

March,2020,

Ivory Diamond Cements SA, Abidjan, Ivory Coast as Financial Controller August,2014 to September,2015

Income Electrix Ltd., Port Har Court as a Financial Controller, June,2013 to October,2013

MTI Engineering Services Ltd., Lagos as a General Manager (Finance & Accounts), Nov’08-May,2013

Standard Biscuits Nigeria Ltd., Nigeria as a Financial Controller, Oct’06 – Oct’08

Key Deliverables:-

US $ 5 million Fund raising from the Private Investors/Financial Institutions.

P & L Responsibility of US $ 20 million, including Factory and Finance Operations

Completed Negotiation with BOAD and United Bank of Africa for US $ 20 million CAPEX loan

Foreign Suppliers funds transfer for Importation of plant and machinery

Actively participated in raising US $ 45 Million from ECO Bank Nigeria Ltd for acquiring 20 % stake in PHED and completed Income Electrix Ltd. FIRS tax audit from year 2007-2012

Actively participated in MTI Plc, US $ 45 Million Private Placement in November,2008

Interfacing with Banks, Financial Institutions and Consultants for arranging syndication and raising funds

Screening new projects & conducting feasibility studies to determine the financial viability of new ventures, projecting cash and growth opportunities.

Compiling &analysing financial information for preparing entries to accounts such as general ledger accounts and documenting transactions

Establishing, maintaining & coordinating the implementation of accounting control procedures. internal audit policies and procedures; reviewing changes in requirements for fiscal operations affecting auditing processes

Preparation of MIS reports to provide decision making feedback to top management on financial performance, viz. monthly profitability, age-wise analysis of debtors/creditors, unsettled advances list, monthly/annual Cash Flow Statements etc

Ensuring adherence to the statutory /regulatory requirements as Value added Tax, PAYEE, Withholding /Income Tax Acts

Attainments:

Ivory Diamond Cement SA

Completed Negotiation with BOAD and United Bank of Africa for US $ 20 million CAPEX loan.

Income Electrix Ltd.

Actively participated in raising US $ 45 Million from ECO Bank Nigeria Ltd for acquiring 20 % stake in PHED

MTI Engineering Service Ltd.

Actively participated in MTI Plc, US $ 45 Million Private Placement in November, 2008

Sold Generators/IPMS/Colo sites Customers amounting to US $ 2 million

Steered efforts for gaining working capital loan of US $ 2.500 million from Zenith Bank in year 2009.

Secured the invoice discounting facility of US $ 2 million from ETB.

Played a pivotal role in implementing the company’s business plan and sales strategies.

Effectively minimized the fuel consumption from the collocation site.

Actively Involved in gaining:

Excess interest refund of US $ 50,000 from Access Bank.

Tax refund of US $ 20,000 received from MTN.

Standard Biscuits Ltd.

Secured the working capital loan of US $ 500,000 from Zenith Bank in year 2007.

Played a pivotal role in minimizing the Biscuit Wastage by 40%, thereby improving productivity.

Actively involved in gaining:

Excess interest refund of US $ 50,000 from Zenith Bank.

Tax refund of N US $ 30,000 received.

Kirloskar Pneumatics Ltd.

Steered efforts for minimising the Extensive Project Cost by 40 % thereby improving the Project gross contribution margin.

Cosmo Films Ltd.

Accountable for curtailing the BOPP wastage by 25%, thereby improving productivity.

Entrepreneurial Venture

Self Employed,Pune Jul’97 –Sep’06

Key Deliverables

Furnished consultancy to SME sector.

Sustained fully Computerized Accounting System.

Coordinated with Bank & Financial Institutions for CAPEX and working capital requirement.

Interfaced with Government Authorities and carried out internal audit of the companies.

Oversaw the entire gamut of tasks entailing product costing, maintenance of cost records and cost audit.

Preceding Assignments

Amcol Holdings Ltd., Blantyre, Malawi as Finance Manager: Apr’96 –Jun’97

Tanabe Pneumatic Co. Ltd., Singapore as Finance Manager: Aug’95– Aug,95

Transworld Exports, Pune as Finance Manager: Jun’94 – Jul’95

Kirloskar Pneumatics Co. Ltd., Pune as Deputy Manager – Costing: Jun’89 – Jun’94

Cosmo Films Ltd., Aurangabad as Senior Production Planning & Control Officer: Feb’88 – May’89

Jogeshwari Industries, Aurangabad as Production Engineer: Aug’86 – Jan’88

Municipal Corporation, Aurangabad as Junior Mechanical Engineer: Mar’83 – Aug’86

P.G.S. Engineering, Aurangabad as Production Engineer: Aug’82 –Jan’83

Automobile Products of India Ltd., Aurangabad as Trainee Engineer: Aug’81 - Aug’82

Educational Credentials

B.E. (Mechanical) Marathwada University, Aurangabad in June,1981.

ACMA from Institute of Cost & Work Accountants of Indian, Calcutta in Sep,1987.

C.S. (Intermediate) from ICSI, New Delhi, in Aug,1994.

Information Technology Qualification

D.C.M. (Diploma in Computer Management) Indian Institute of Computer Management,Ahmedabad, in1987

IT Skills:

Operating Systems DOS, Windows -Workgroup Ver 3.11, MS Windows 95 Platforms

Accounting Packages Tally, Sage, Acct-Pac, Open ERP and Quick Books

Spreadsheets Lotus 1 2 3, Borland Quattro, MS Office

Personal Vitae

Date of Birth: 20th December, 1960

Address: D1/1004, Oval nest, Warje, Pune, India

Passport No.: Z3083835(Valid up to 19/11/2024)

Strategic Planning

Finance & Accounts

Product Costing

Project Financing

MIS & Budget Planning

Audit & Internal Control

Statutory Compliance

Teambuilding

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