Nitin Omprakash Page * of *

Nitin Omprakash

Mobile: +91-973******* Landline : 020-******** adnmuw@r.postjobfree.com Overview

Accomplished result-oriented Finance Head with extensive experience of developing and leading financial strategies to facilitate corporate growth plans and profitability of business operations

Provided financial stewardship in areas of budgeting, financial analysis, reporting, risk and commercial management, credit control, FOREX hedging and productivity improvements

Expertise in GST, Sales/Service/ Income Tax, Central Excise, VAT, Transfer Pricing, Indian GAP and in RBI and ECB regulations

Implemented several progressive and cost reduction initiatives and process improvements, to increase efficiency and control costs

Successfully led high performance multicultural, global teams and implemented financial programs that contributed to bottom line profitability and organizational growth Professional Experience

Oerlikon Balzers Coating India Pvt Ltd, Pune July 2017 to date A leading global technology group providing technologies and services for surface solutions, manmade fibers and drive systems with worldwide presence.

Senior Manager -Commercial & Finance

Reporting to CFO / Finance Director (South East Asia) Leading a team of 10 people

Responsible for PAN India operations for Commercial, Finance, Accounts, Credit Management, Invoicing and Logistics activities for 9 plants– (Pune, Aurangabad, Ahmadabad, Chennai, Bangalore -2 Units, Manesar -Delhi, Chandigarh and Jamshedpur) Annual turnover INR 300 Crores

Developing annual budgets; conducting variance analysis, implementing corrective actions

Preparation and finalization of P&L and balance sheet

Streamline LC transactions/ review EXIM documents,

Liaison with banks for Forex remittances

Oversee GST return, TDS, Income Tax, Transfer Pricing VAT

Liaison with Statutory Auditors for Statutory Audits, Taxation

Spearhead customer service through strong customer relationship building

Prepare MIS reports to provide feedback and

recommendations to top management

Assist sales team in payment shortages/resolve customer complaints

Review the contractual terms with customers

Give insight into the DSO /Develop strategies for collection

Maintain strong cash flows / monitor the AR/, control bad debt

Develop and improve procedures, standards / policies Achievements at Oerlikon Balzers Coating India

Controlled and streamlined accounts receivables, got DSO from 130 days to 65 days

Cleared old aged debts of approx. INR 27 Crore in one-year

Improved the invoicing quality and reduced the

billing errors

Developed new system to identify high tagged risk customers

Achieved significant cost savings by periodical

revision of Freight / Transport rates and

negotiation on contracts

Successfully implemented Power BI through MY

Pickup APP for logistics decisions and delivery

management that allows processing upto 100% of

orders on time

Implemented finance cost recovery on delayed

payments and reduced burden on interest cost

Reduced the open sales orders with 100% invoice

submission to the customers

Improved customer registration process which

improved our tax system

Nitin Omprakash Page 2 of 3

Ingemetal Solar India Pvt Ltd, Pune Sep 2016 to Jul 2017 European multinational into manufacturing of solar structures in Pune Manager -Finance & Administration

Reported to Group Finance Controller – Spain

Led a team of 5 people

Managed a financial turnover INR 1500 million

Prepare finance reports, P&L account, Balance sheet, budgets and MIS

Ensure appropriate responses to MIS / audit observations

Monitor of insurance policy and renewal

Coordinate with HQ Parent Company

Oversee payroll processing, sales commission and expenses

Ensure timely statutory payments viz. Income Tax, Provident Fund, Professional Tax and filing Handling Import & Export documentation

Follow-up with banks for advices. Letter of credit

Manage Sales Order processing and invoicing

B&R Industrial Automation Pvt. Ltd, Pune Feb 2014 to Aug 2016 Leading Austrian company into automation, manufacturing industrial PCs, control and motion controls systems with manufacturing plants in Austria & India

Manager – Commercial Finance & Accounts

Reported to Managing Director

Managing & supervising finance & accounts, audit, transfer pricing, CS, MIS & budgeting, supply chain & factory activities for branches in Pune, Ahmedabad, Delhi, Bengaluru, Chennai, Coimbatore and Mumbai .

Preparation and finalization of P&L and balance sheet

Preparation of transfer pricing data report & planning audits

Return Filing for VAT, service tax, excise & customs, advance tax, sales tax, service tax, central excise & income tax

Managing and monitoring C Forms & ensure control on receivables of C, H & I Forms

Analysis and monitoring of logistics cost i.e. Ocean / Airfreight, CHA charges BAG Electronics (India) Private Limited, Pune Jan 2011 to Dec 2013 German multinational and a world leader in lighting electronics and control systems Finance Head – Finance & Accounts

Reported to MD (India) & Finance Head (Germany)

Accounting and control on duty drawback, export schemes

Analysis of logistics cost i.e. Ocean / Airfreight, CHA charges

Day to day coordination with banks for fixing the Forex rate

Monthly and quarterly reporting to RBI with respect to ECB loan taken from parent companies

Protecting the company against currency risk

Monitoring of Insurance Policy and renewal

Co-coordinating with HQ (Germany)

Handled Export Bill Financing / Discounting, Import –Buyers credit loan

Foreign exchange hedging and compliance to RBI regulations on overseas payments and ECB regulations Achievements at Ingemetal Solar India

Appointed an export agency for certifications,

export benefits and rebate claims and optimized

logistics costs on ocean / airfreight, CHA charges

Implemented SAP Module ERP for FICO & SD

Module

Introduced periodic inventory checks for ageing

and obsolete stock and took corrective action

Achievements at BAG Electronics

• Raised finance for working capital /long term

borrowings of INR 250 Million

• Effectively liaised with RBI for the ECB loans

approval & ensured all the statutory requirements

were filed and repayment of loan was done as per

agreed timelines

Nitin Omprakash Page 3 of 3

Scholle Packaging India Pvt Ltd,Pune Aug 2008 to Dec 2010 US multinational and a world leader in bag-in-box packaging for the food, beverage and industrial markets Finance Head - Manager-Accounts & Administration

Reported to Director (India) and CFO (Australia)

Managed Tax Audit, Direct Taxes, Transfer Pricing, and Indirect Taxes & VAT Audit

Maintained Fixed Asset registers as per statutory requirements

Ensured compliances with transfer pricing regulation and audit & TP documentation

Coordinated with banks for international payments

Coordinated with Company Secretary for Secretarial Compliances / filing of various forms/returns with Ministry of Corporate Affairs

NITCO Tiles Ltd. Dec 2004 to Jun 2008

One of the largest manufacturers of floor tiles in India with an annual turn of INR 7000 million Head - Zonal Accountant

Reported to GM Finance & Credit Control and GM Sales Managed accounts operations of Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Chennai, Bangalore

Implemented standard operating procedures on Billing & AR controls

Awarded Best Accountant for the year 2005

Awarded Best Zonal Accountant for the year 2006

Talera Automobiles Pvt. Ltd Jan 2001 to Dec 2004

Asst. Manager Accounts

Reported to Chief Finance Officer

Managed wholesale finance and suppliers - TATA Motors, Ford India and General Motors Computer Literacy

MS office (Word, Excel, PowerPoint); SAP & Navision, BAAN, ERP System & Tally Education

Master Business Administration 2012

Institute of Business Management & Technology

Bachelor of Commerce 1998

Ness Wadia College of Commerce

10+2 1995

Ness Wadia College of Commerce

Language proficiency: English, Tamil, Hindi and Marathi Date of Birth: 8th Mar 1977

Nationality: Indian

Address: Aishwaryam Greens, F-101, S.no 259/4/1 Near Kasapate Chowk, Wakad, Pune -411057 Maharashtra, India

Achievements at Scholle Packaging India

• Set up the finance system for new unit and got

various government approvals for new projects

• Developed SOPs for rating procedures for finance, accounts receivables, credit management and credit limit decision for customers

• Set up procedures for obtaining refund of additional customs duty, filing claims

• Effectively closed Indian Liaison Office ensured all statutory requirements were adhered to

• Received several appreciations from Scholle, Austria for outstanding performance

Competencies

• Finance/ Accounting

• Group Reporting

• Credit Control

• Credit Risk

• Insurance Management

• Legal Operation

• Banking transaction

• Monitoring insurance

• Accounts AR/ AP

• Auditing and Budgeting

• Risk & Internal Control

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