Financial Manager

SANDEEP KUMAR JAIN

**** ********* *****, ***********, *******- L5M 6M5

Phone: +1-647-***-****

E-Mail- ********@*****.***

Skype ID: sandy69j123

Seeking position at appropriate level in commercial, manufacturing, finance and accounting operations PROFESSIONAL PROFILE

An astute and result oriented professional with around 26 years of experience in Commercial operations, Financial Management, Accounting operations, Factory Management, Auditing, Stores Management, Banking, Costing, Taxation and MIS.

Lastly worked with an Exporter of Lentils and Agri-products as Controller.

Extensive experience in implementing financial procedures, including maintenance & finalization of accounts, working capital management, costing, MIS, profit monitoring and building internal financial controls.

An extensive experience at plant level. Being finance professional with commercial background can add more value in plant operations.

Having audit experience of companies, partnership firms and Banks

Gained exposure in administrative and liasioning matters of Medium scale Industry.

A keen communicator with honed problem solving and analytical abilities

Done finalization of Accounts. Dealt with KPMG. Knowledge of GAAP, IFRS, ASPE and ISO.

Having an excellent understanding of factory operations, commercial activities, financial transactions, costing & accounts.

Well versed and good experience in ERP Software modules, Tally, Quick-books, Simply, Pro-soft (Agri-based software). Also have working knowledge of SAP.

PROFICIENCY OVERVIEW

Strategy Planning

Strategise long term business directions for maximum profitability in line with corporate strategies & goals.

Formulated business plans by implementing corporate policies & strategies to achieve organizational goals. Commercial Operations

Advance planning of purchase functions, involving cost estimation, contract negotiations & finalisation for purchase of all products.

Managed complete purchase procedures.

Handled all Sales Tax returns & exemption matters, Excise matters, Service Tax matters etc.

Managed import and export operations.

Prepared Standard Operating Procedures, manuals & work instructions for production operations & maintained MIS reports which helped Top Level management in decision making.

Prepared and implemented agreements of job processing contracts. Financial Planning & Control

Managed the finance functions involving determining financial, designing & implementing systems, policies & procedures to facilitate internal financial control.

Formulated budgets and conducting variance analysis to determine difference between projected figures & actual expenditure and implemented corrective actions.

Supervised the consolidation of group accounts and preparation of financial statements & annual reports.

Supervised the preparation of MIS reports to provide feedback to top management on financial performance, viz. fund management, credit control, profitability, etc.

Have ability to manage Accounts Receivables/Payables. Handled more than 300 customers during my Dubai Tenure.

Good Experience with EDC (AR Insurance provider) EXPERIENCE DETAILS

Lastly worked with Globeways Canada Inc., Mississauga, ON, Canada, as Controller. Reporting to President and CEO From Mar’2012 Nov’2020

- Spearheaded the complete Banking and Finance, Accounting, Taxation, Operations, MIS, managed exports and imports operations, internal audit and introduced and implemented ERP Software. Achievements

- Systems development for streamlining operations:

Developed internal procedure necessary for Internal Controls, operations management and accounting.

- Monitored and control cost. Developed Cost sheets in excel which is linked to a single sheet consist of all elements of costing for a particular shipment. One has to just enter the Invoice number and the cost sheet is ready for each shipment.

- Initiate development of ERP software for Export oriented company. Within 12 month the full operations were shifted to the ERP System. Run parallel accounts during implementation of ERP. Introduce software developer who developed ERP software which was just 35% of the cost of the related available software in the market.

- Since start never defaulted in financial reporting.

- Managed Accounts Receivables of large customer base with perfection. Management appreciated my efforts for AR management. In this industry maximum AR is covered under EDC policy. To keep control on limits of each customer is very important. Kept stringent control on customer receivables.

- Dealt with Banks for credit limits, which increased three folds since I joined, looking to the requirement of the company operations.

- Done due diligence of new acquisition of plants. Company acquired three plants since I joined and prepared financial and production projections for Bank purpose. Also dealt with Lawyers w.r.t. acquisition.

- Dealt with KPMG for last eight years during Annual Audit and routine matters.

- Turnover of company increased to 150 Million from 50 Million in just three years. Worked with Rajratan Thai Wire Co. Ltd., Ratchaburi, Thailand as Manager Commercial & Finance. Reporting to COO and MD from Jun’2007 to May’2011

- Spearheaded the complete Banking and Finance, Accounting, Taxation, Commercial Operations & Purchase of Capital Goods and Stores Items, MIS, BOI related formalities, managed exports and imports, general administration, payrolls and initial System Development. Achievements

- Systems implemented for streamlining operations:

Involved in operations since Erection of Plant hence developed all types of system and procedure necessary from the point of Internal Controls, operations management and accounting.

- Monitored and control, cost from all angles as Commercial Head and Finance. Timely and economical procured capital as well as stores consumables.

- Facilitated complete capitalisation of Plant systematically.

- Since start never defaulted in reporting financial and production data in a single month. Submitted MIS of 16 pages by 5th of every month.

- Prepared a Single page daily report which was very helpful for the management to had overall overview of data related to funds, sales, purchase, consumption, production, quality, debtors, working capital status, stocks etc.

Worked with Al Qadah Trading Co. L.L.C., Dubai as Financial Controller. Reported directly to Managing Director. From Mar’2005 to Jun’2007

- Actively involved in Import and Exports of Household Goods, Toys, Ceramics, Party Items, and Utensils etc.

- Responsible for complete Financial Control, Insurance, Accounts, Sales Analysis, Payroll Management and Debtors Management.

Achievements

- Provided management with different types of reports to have better control.

- Purchases were optimised through systematic ordering system.

- Done Effective Inventory Control management in spite of having large number of products.

- Accomplished tremendous reduction in probability of obsolete inventory which was probable due to huge inventory.

- There were more than 300 customers to whom we were supplying. I had a stringent control on Debtors.

- Reduced cost with strict internal controls.

Worked with Prestige Foods Ltd. (PFL), last served as Manager (Commercial & Internal Auditor) From Aug’1994 to Mar’2005

This company was having a turnover of $60 Million. The Company is engaged in Solvent Extraction of Oilseeds, manufacturing of Vanaspati Ghee and Refining of edible oils with capacity of 600,000 TPA, 45,000 TPA and 15,000 TPA respectively.

- Responsible for independently handling one unit of Solvent Extractions of Soya seed, located at Pithampur

(M.P.) with capacity of 300,000 TPA

- Lead the Commercial department of the company.

Achievements

- Successfully achieved highest production since inception of plant and had given highest contribution to Profits, in spite of severe financial constraints in the Company.

- Managed Agri-product purchases in timely and optimum quantity to have maximum possible utilisation of capacity installed. Dealt in commodity market. In edible oil Industry rates fluctuates every movement, to have control on that, one must aware of the international market & local market and the factors affecting those market.

- Involved in 2 Units expansion plan. Prepared project reports, purchase plan and financial arrangement.

- Topped as unit head three years in a row in respect of Capacity utilisation, commercial management, fund utilisation and profitability.

Worked with Chiranji Lal Raj Kumar, Rubber Trading firm, as Accountant From Jun’1992 to Oct’1993

Commenced career with M/S Nem Chand & Co.,(a reputed Chartered Accountant Firm) Meerut, Uttar Pradesh, India as an Articled Clerk. From Aug’1989 to May’1992

Handled independently audits, taxation other professional matters. EDUCATION

C.A from ICAI, New Delhi, India

M.B.A from Prestige Institute of Management & Research, Devi Ahilya University, Indore, India.

B.Com from Agra University, Agra, India

Pursuing CA Designation from CPA Ontario and will appear in May’21 CFE.

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