AJAY KAMALAKAR PARANJAPE
Objective - Seeking a senior management position in the field of accounts & finance in a growth oriented organization where I can add value to organizational performance through my knowledge, skills & abilities
A dynamic and competent performer having over 20 years of experience in the field of accounts, finance & Internal Audit
An effective communicator with excellent relationship management skills and strong analytical, problem solving & organizational abilities.
Exposure to SAP ERP, Navision ERP & Tally ERP
Well versed with MS-Word, MS-Excel, & working knowledge of MS-Power Point ORGANISATIONAL EXPERIENCE
Feb.18 to Sept.19 B.L.Chainrai & Co. Nig. Ltd. – Lagos, Nigeria As Group Financial Controller Nov.16 – Sept.17 Sava Healthcare Limited As Sr. Manager Internal Audit Jan 16 – Jun 16 Kaybee Exim.Pte Ltd.- Singapore As Consultant March12 – Dec.15 Kaybee Exim.Pte Ltd.- Singapore As Sr. Manager Internal Audit Sept.09 – Oct.11 B.L.Chainrai & Co. Nig. Ltd. – Lagos, Nigeria As Financial Controller July 06 – July 09 Seafood Group – Lagos, Nigeria As GM - Internal Audit July 05 – June 06 Seafood Group – Lagos, Nigeria As AGM-Internal Audit Oct.’01 – June 05 Seafood Group – Lagos, Nigeria As Manager Accounts & Audit Jan.’00 – Sept.’01 Desai Brothers Ltd. – Pune, India As Head Internal Audit May 99 – Dec.’99 - Finolex Essex Industries Ltd.- Pune As Manager – Accounts & Finance Feb.’96 – April 99 Finolex Proprietary Ltd.- Pune, India As Asst. Manager – Internal Audit May 94 – Jan.’96 G.D.Apte & Co. (CA Firm) – Pune, India As Sr. Audit Assistant Key Job Responsibilities Handled Across the Tenures
Accounts & Finance
Direct and coordinate company financial planning and budget management functions. Measure the financial and operating performance of manufacturing & trading divisions against benchmarks set by management
Monitor and analyze monthly operating results against budget. Direct and coordinate debt financing and debt service payments with external agencies. Oversee daily operations of the finance department. Manage the preparation of the annual financial reports for management as well as statutory authorities.
Ensure statutory compliances as required by various local, state, and federal govt. bodies Work with department managers and corporate staff to prepare annual budget as well as develop three to five year business plans for the company. Design, establish, and maintain an organizational structure and staffing to effectively accomplish the department's goals and objectives.
Serve on planning and policy-making committee.
Co-ordinate statutory audit, provide recommendations for procedural improvements.
Review, appraise & report on the adequacy of the systems of managerial, financial, operational & budgetary control & their reliability in practice including - 1. The relevance of established policies, plans & procedures, the extent of compliance with these 2. The appropriateness of organizational, personnel & supervision arrangements 3. The extent to which assets & interests are accounted for & safeguarded from losses of all kinds, arising from waste, extravagance, inefficient administration, fraud or other causes 4. The appropriateness, reliability & integrity of financial & other management information & the means used to identify, measure, classify, report & act upon that information 5. The follow up action taken to remedy previously identified weakness Notable Achievements
Accounts & Finance
Negotiated import finance facilities with the banks at optimum cost thereby reducing the finance cost
Implemented better operational controls which lead to reduction in claim lodgments with insurance companies leading to successful negotiations in reduction of insurance premium rates.
Achieved reduction in interest cost by optimum fund management
Initiated budgetary controls & implemented monitoring mechanism leading to reduction in overall costs.
Implemented uniform chart of account across group companies which helped management in meaningful analysis & comparison of financial data & also for better cost management.
Streamlined various accounting & operational systems & procedures facilitating timely generation of various MIS reports which helped management in taking timely decisions/actions where required
Setting up of Internal Audit dept. from scratch, recruiting & training of audit staff, preparation of risk based audit plans & getting it executed.
In family run business organizations, highlighted the need of having proper procedures & systems in place instead of over depending on certain individuals & in the due course assisted management in preparation of standard operating procedures related to various functional & operational areas
Identified & highlighted strategic risks like overdependence on one product / one country / one customer which helped management in taking necessary strategic decisions to mitigate those risks.
Identified & highlighted risks related to various operational areas like sales, port operations, stores, cold room maintenance leading to reduction in costs & potential losses.
Through cost benefit analysis highlighted the major losses incurred due to dependency on hired cold rooms & suggested to construct own cold rooms which proved more cost efficient in the long run
Highlighted the additional profitability potential of US$ 100,000 p.a. by way of reprocessing the scarp generated during manufacturing of PVC pipes instead of disposing the same as scrap sale
Unearthed various fraudulent activities including misappropriation of cash by cashier, forgery of drafts, manipulation of sales prices, submission of fake bills, misappropriation of wages of casual workers using dummy names on pay roll, etc.
Certified Information System Auditor (CISA) from ISACA in Dec. 2008
Chartered Accountant (CA) from the Institute of Chartered Accountants of India, New Delhi – in May 1994 with 54.50%.
Masters Degree in Commerce from Poona University - India – in May 1991 with 55%
Bachelor of Commerce from Poona University – India – in May 1989 with 68% PERSONAL DETAILS
Date of Birth : 15 February 1969
Current Address : 32/2 B Ashirwad, Sharamasafalya Society, Erandwane, Pune-411004
Passport No. : Z 3294043 Valid till July 2025
Marital Status : Married
Phone No. : 91-940*******
Email Id : email@example.com