BISWAJIT RAY

India Ph: +919*********

Email: adoz5n@r.postjobfree.com

Skype id: raybiswajit65

https://www.linkedin.com/in/biswajit-ray-4a688823/ PROFILE SUMMARY:

Ambitious, result driven highly experienced tenacious and well accomplished qualified management Finance professional with broad based skills and deep knowledge in financial analysis and reporting, budget planning, revenue management and project management; seeking the position of a senior Finance Role. Display an outstanding ability to work with senior management as a team and collaborating on commercial and financial improvement of the Company’s strategical margin improvement, accounting principles, process automation, process and improvement of quality of reporting with accuracy. Adept at analyzing strategic revenue, pricing, costing, and cost reduction, negotiation, budgetary control, accurate analysis on performance results and publish timely information by contributing my professional expertise skills I learnt from the past should be utilized for the overall growth of the new organization. KEY SKILLS:

• 15 years solid managerial experience in working

directly and indirectly with FMCG Corporate: Heavy steel manufacturing, Air Conditioning, Engineering and Construction, Oil and Gas Construction, Retail, Mechanical and Civil EPCs, Big 4, 1st NBFC in India and Healthcare, Industries.

• IFRS, Ind AS, US GAAP, SOX Reporting and local

regional Statutory Compliance on labour laws, EPF, ESIC, Taxation, Return filing

• Excellent written and verbal communication skills to updates status of the business to external and

Internal Stakeholders.

• Strong analytical skills and lateral thinking from the entrepreneur mind set, financial models’ and

continuous improvement. Initiate and execute

robust analysis on financial functional data.

• Confident and analytical alarming and alert on the financial updates timely to the owner.

• Resolve and/or escalate employee & external

Customer’s grievances on a timely manner.

• A genuine team player, communicate and daily

interacts well and creates synergy with the team

members to fulfil the commercial deliverable.

• Positive attitude and excellent command to

prioritize the assignments on deliverable to the

stakeholders to fulfill the deadlines.

• Identify and drive process improvements,

hardworking including automation process tools

on dashboards reporting

• Work in a fast-paced environment excellent team

leader skills for the innovative ideas are desired.

• An entrepreneurial mindset and eager to take

ownership to get the things done within the

deadline.

• Manage multiple stakeholders and foster good

relations with them by presenting them (PPT

Point) on a timely accurate financial Performance

for Standalone/Consolidated for the group.

• Identify complex problems and review related

information to develop and evaluate options.

• Proactive and change focused mind-set with

problem solving ability and sense of understanding on urgent things to do as per the situation demand on a priority basis.

• Proven ability to deliver results in a high-

performance and dynamic environment

• Timely releasing of all statutory payments to fulfill the local compliance with the Govt authorities.

• Manage and multiple tasks and maintain overall

control in operations and commercial matters.

• Potential to lead and motivate the team members.

• Strategic orientation, excellent Business Acumen, mentoring, coaching and well organize.

• Excellent exceptional interpersonal skills and

demonstrated leadership role for the entire finance and operations team.

• Responsible for managing cash-flow, account

receivables, accounts payable & preparing &

monitoring statutory dues at group entity level.

• Bank dealings - Signatory list, bank reconciliation, dealing with banks on daily basis, FEMA related RBI Compliance on exports proceeds and FOREX issues.

• Responsible for Compliance as per ROC in India and other global compliance for group entities.

• Confident and command over Statutory payments,

Corporate Advance Tax and TDS, EPF and ESIC,

various types of reconciliation on outsourced

activities.

PROFESSIONAL EXPERIENCE:

KIMS Super Speciality Hospital (P) Ltd. -A leading healthcare industry (with 250 beds facilities) in Chhattisgarh, India–Financial Controller: Finance, Accounts, Banking and Treasury Functions-Dec, 2020 to till date. Reporting to: MD and Director.

• Prepare, review and oversee details annual budget, Profit and loss A/C and B/S, working capital, Cash flow projections and operating Cash Flow, banking and treasury management, Debt Management, Legal and Investor’s grievance Cell, Global Transfer Pricing, Costing, Pricing, Margin analysis financial operational matters including timely publish MIS reporting. Actively participate in various strategic decision-making purpose. Innovative ideas on cost reduction and variation management,

• Oversee on Cash management daily including operating Cash flow including Trade finance instruments

• Optimization of resources and improvement of productivity and efficiency, Inventory management, supervise on CAPEX and OPEX, recording of CAPEX with log book of each asset and capitalization as per the schedule capitalization Policy.

• Deep understanding of technical skill sets on financial reporting, and the ability to translate commercial business transactions to the correct accounting treatment.

• Coordinate and direct the preparation of the budget and financial forecasts and report variances

• Overseeing and preparing income statements ( prepare, review and publish monthly financial statements and Balance Sheet with all schedules including major rations by 8th of the next month.

• Assist Statutory Auditor to ensure compliances with federal, state, and local legal requirements

• Develop and document business processes and accounting policies to maintain and strengthen internal controls and automation where each stage approval are required.

• Ensure processing of for statutory, committed and other payments on a timely basis.

• Tracks and reports on operational performance benchmarks and actual results. Uses trend analysis to keep the management team informed of areas of needed improvement

• Develop a structure for tax planning optimization, CSR Accounting as per the Income tax Act.

• Ensuring intercompany and inter-business unit transactions are accounted for correctly and in a timely manner. Oversee on current and forecasting reports (prepares and review as per the budget).

• Manage the activities of the payroll function. Develops policies and procedures, Authority matrix, SOPs and commercial manual including sharing line of activities (SLA).

• Closely monitoring the Cash management along with AR, AP and Inventory management to regulate receivable collection cycle and timely recovery of AR to manage the operating Cash flow.

• Insights on strong process on internal controls over financial transactions and reporting.

• Oversee on current and forecasting reports (prepares and review as per the budget).

• Fund Flow and Cash Flow management including reconciliation of Bank accounts regularly.

• Closely monitor accounts receivables, accounts payables and Inventory management to improve CE.

• Manage relationships with local business partners: banks, external auditors, tax advisors.

• Liaise with group Legal/Tax and Statutory Auditor, bankers for local/regional Govt offices on various issues on regular basis.

• Review Group books, preparing & maintain MIS of KPI’s, due diligence, monthly schedules entity wise.

• Excellent experienced with contract management starting from drafting, vetting, execution and its implementations.

• Implement various accounting internal controls and manage their local governance and compliance.

• Inter-company transactions (RPT) documentations, invoicing and reconciliation.

• Process automation & integration - Continuous improvement for accounting systems develop and implement for the automation and dashboard type group reporting.

• Partner with the Regional Business Unit head and other regional department heads to compliance and fulfill risks assessment and mitigation of risks in different geographies.

• Review and expenses on essential and regular items and implement process for the reduction of unnecessary expenses as per the budgeted to get better results on margin.

• Insights on various analysis on financial reports on a monthly basis, Ratios, reconciliation of Balance Sheet items for the various strategic decision purpose to for the budgetary target achievement.

• Critically analysis on revenue and monthly basis reconciliation while doing the month end closing for the MIS purpose.

• Preparing budget and financial forecasting reports including major rations and sharing the variances with the Management.

• Evaluating and managing Risks assessment and mitigation of Risks like financial strategy, including risk mitigation plans and opportunity forecasting in different geographies wherever the presence are there.

• High-level financial reporting and cost and margin analysis as compare with budget and percentage of increases as compare with last year. Standalone monthly financial and regular budget consolidation.

• Prepare, present and update outstanding statements as well as revenue forecast of all departments on weekly basis to the Stakeholders.

• Liaise with the auditors, consultants, and the different functions for smooth operations.

• Developing and documenting business processes and accounting policies to maintain transparency and strengthen internal controls

• Closely monitor accounts receivables, accounts payables and Inventory management to improve CE.

• Critically checking the vendors payments and releasing them on a timely manner to get avail the competitive price to reduce the direct Cost.

• Solid experience in scaling finance teams from scratch and set up their KRA on deliverable on time.

• A genuine team player with experience in managing people and projects, a self-starter with a proactive attitude in different geographies analytical mindset with various industries exposure.

• Review and expenses on essential and non-essential items and implement process for the reduction of expenses to maintained the budgeted profit. Ensure potential of profitably in terms of cost and margin.

• Oversee various periodical financial reports, variances as compare with budget and percentage of growth as compare to the last year.

Month/Quarter/Year end books of Accounts closing activities:

• Oversee accurate monthly closing of the books of accounts and review of monthly closing activities.

• Prepare cost sheet and product base costing on different stages of manufacturing process and tracking cost variances. Implement pricing mechanism as per the landed cost on Imported materials on margin booking guidelines. Managing the full spectrum of financial accounting and reporting.

• Scrutiny of GL and subledger, verification of Posting of all JV entries, accruals, Prepayment, Finance Charges, Invoicing, Capitalizations, Interim Financial month end reporting. Learning and Personal Development:

• Accomplishes finance strategies by determining accountabilities; communicating and enforcing values, policies, and procedures; implementing selection, orientation, training, coaching, counseling, disciplinary, set up KRA for the commercial and operational team planning, monitoring appraising. Financial Policies, Commercial Manual Implementation and Reporting Framework:

• Managing Project and implemented various operational control. Set up of various internal Control systems and process on heavy manufacturing Industry, flow chart along-with inter departments SLA

(Sharing line of activities) for various inter connected services and activities with other departments.

• Ensure the integration of finance, Banking, Treasury and cash management objectives are followed as per the Standard Operating Practices margin analysis as per the order and margin booking guidelines. Planning, Budgeting and Forecasting and Financial Control:

• Analyses and reports on business performance on a periodically, product/market/customer/integral profitability, quarterly Forecasting and Strategic review with actual results.

• Optimum utilization of budget while publish monthly MIS and variance analysis and achievement.

• Overall Financial Control function in the Finance Group that is effectively and efficiently perform financial control tasks including Costing and margin analysis, Pre-payments, MIS reporting and financial reporting

• Manage timely preparation of the financial budget for 3 years (as a road-map of the Company) and business plan, forecasts in coordination with the Group Corporate guideline. Manage the month end Closing activities of books and Inventories for the standalone and consolidated one. Insurance Matters:

• Cover all Insurance Policies pertaining to smooth operations of business: Marine, Group Medical Health Insurance, W.C, Public and product liability, Fleet Policy, Credit Insurance, Third Party Liability, Fidelity and personal Life Insurance, all Property Risks- Fire, Peril etc. Management Reporting and Budgetary Control Performance Analysis:

• Month end closing of accounts analysis the variances on performance against budget. Monthly financial review meetings with departmental heads on ORM (operational review meeting) and discuss on the major variances. Analyse Periodical achievement in compare with the budget along with last year results. Publish various periodical MIS reports (Dash Board) including monthly reports by 8th of next month after closing the books of accounts, all project sites and strong MIS Control on atomization.

• Create and oversee monthly management accounts, forecasts, cash flows, flash dashboard revenue reports. Working with delivery to understand issues impacting financial matters. Monthly, quarterly and Annual reporting to the Board of Directors of group companies.

• Review on major ratios: % of AGM, AGM/Employee cost, Liquid and Quick, % Debt/Equity % PBT/Billing, % EBITDA/Billing, Capital Turns and person in management staff. Revenue recognition, actual Cost Incurred, Internal and Cost control:

• Develop an automated cost control mechanism and organize all the transactions are in compliance with internal control functions are followed as per the Order booking guidelines to analyse and maintain the minimum margin level. Implement various cost reduction and optimization of resources in line with Business Plans, Budgets and review it with actual financial results as per revenue recognition as per IFRS 15 and IND AS 115.

• Preparation of various monthly analysis for the management and Regional Finance Offices on cost variances. Implement cost saving initiatives wherever appropriate to optimize the Profit. Stakeholder’s Reporting and Board of Director’s Presentation:

• Presented the financial performance and achieved against budget periodically with PPT. Presented detail annual budget with all verticals, region wise, standalone and consolidated and compare with last year actual results with BOD during the Board meeting.

• Lead all the internal and external reporting to management to all internal and external reporting to management, BOD and Investors and all secretarial matters of the Company. Business Planning and Strategic Efficiency:

• Contribute towards building investor relations through proactive and responsive communications on financial health of the company to promote shareholder trust and company’s equity. Risk Management–Assessing risk and taking corrective action to mitigate the Risks:

• Study the due diligence of Vendors and Customers KPI analysis prior to confirmation on new orders.

• Review on Treasury functions, Forex and Commodity Risk Card, Perform Hedge effectiveness test on forward trades and stock hedges. Ensure that risk is correctly reported and explain any deviations. Banking Matters, Treasury Functions and Cash Flow/Fund Management Activities:

• Independently manage bank facilities in India operations and overseas as well from banks, FI and FIIS mainly for the working Capital Finance, Long term Investments for offshore business. Arrangement of Private Equities, IPOs for the highly profit-making business module. Excellent Contacts with local and Foreign Banks for Investment purpose on heavy manufacturing/Infrastructural Project, Power and Oil and Gas related Projects for banking operation at various locations at a competitive collateral and finance cost for funded and non-funded Components (OD, LC, LG, TR, Invoice/LC discounting).

• Ensure compliance with internal controls, policies and procedures and monitor treasury operational policies. Ensure and help execution of all necessary documents in Coordination with compliance.

• Responsible for overseeing all International Trade-EXIM/merchant trading Transactions, daily basis update cash flow statement to the stakeholder’s finance process from start to end including draft of proposal and negotiation to completion. Arrange working capital funds as an when is required. Taxation Matters including Local Governance Compliance:

• Reconciliation of TDS deducted and paid as per the statutory deadline on every month, Reconciliation of 26 AS, review on various Tax planning and updates on new sections implemented. Review on RBI/FEMA compliance EBPMS for export proceeds.

• Oversee regular basis on EPF, ESIC, Super annuation funds and local Govt. Compliance matters.

• Liaison and assists GSTR returns filing on GSTR1 3B,3A, TDS and TCS, reconciliation of 26 AS based on the quarterly return filing replies of IT notices through PAN and TAN, Computation of quarterly/yearly Advance Tax for making the Challan on a quarterly basis, CSR accounting and planning under Section 135 of the Income Tax Act, IT Department Tax returns, conduct Tax Audit and replies Income Tax notice/queries are raised.

• Regularly review on local and overseas compliance with local Govt. statutory requirements for the assessing the Risks factors-taking the Insurance on property and others policies for smooth operations. Clear understanding and address of all statutory legislation and local Govt. compliance. Optimize Capital employed through Receivables, Payables & Inventory Control:

• Weekly basis review of ageing of AR, AP and Inventory to monitor the collection to improve Capital Employed Turns. Reconciliation of balances as the latest SOA. Statutory/Internal audit- timely completion of Year End Audited Financials:

• Maintain relations with external auditors and reply their findings and recommendations.

• Ensure due diligence compliances in accordance with financial control parameters accountable for Internal Control System. Checking and scrutiny of draft financial as per IFRS including all Schedules.

• Liaising with external auditors to ensure annual Audit is carried out as per the Audit guidelines. Overseeing the outstanding points with the Audit Manager and Partners to clear all of their doubts. Past Employers:

Blue Star Ltd. -A leading HVAC (Air-Conditioning Industry) -Mumbai: 01/2017 to Dec, 2020: Reporting to group CEO and CFO.

Financial Controller–Head of Finance, Accounts, Banking, Treasury Functions and Exports

• Responsible for monthly Management Accounts for 6 entities for the International Business, Banking including arranging banking facilities and banking operations, Trade finance, LC, LGs and TR, Term loan and OD facilities. Annual budget simulation for 3 years, SOPs, authority matrix, variance analysis. Advanced Metal Works FZCO (Al Jomiah Group) - A leading Engineering and manufacturing Unit, Supplies to Oil & Gas Sector- Oct ‘13 to Dec'16. Reporting to: Group CEO, FD and Managing Director. Chief Financial Officer: Finance, Accounts & Strategic Operations

• Heading the finance, Accounts and operations, review of annual details budget and business Plan for the startup process based on the estimates. Breakeven analysis reports on full business modules including the optimum efficiency of production from the plant. Arrange funds raising, banking facilities, registration and fulfill the local compliance for the smooth running of the operations. Al Reyami Steel Industries (Al Reyami Group): (May 08 to Oct’ 13) (Steel Fabrication Production plant- supplies to Oil & Gas Construction. (Finance Manager: Finance, Accounts, Banking & Operation) Reporting to: Group GM, CEO, Audit Manager and Chairman.

• Overall manage a day to day Financial and accounting matters, MIS Reporting, Annual Budgets, Variance Analysis on actual Vs Budget, Job Costing. Review of all regular Finance & accounting tasks. Surfaces LLC (Al Zarooni Group): Dec 1999- May 2008 (Reputed Retail House for International Brand of Building Materials (Ceramic Tiles and Sanitary Wares Products) Dubai, UAE. (Chief Accountant-HOD Finance). Reporting to: GM, Group FC and Group MD.

• Annual Budget, analysis on slow moving inventories and advice management for discount options to liquidate those products to generate cash. Analyze monthly variances, Job Costing, Vendor’s payment, Trade finance matters for project financing on LC, LGs and Forward Cover for exchange loss. Be-Six Construct LLC (FMCG large EPC): Jun '98 - Dec '99 Dubai, UAE. (Sr. Project Accountant). JV project with Be-Six, Campenon Bernard SGE. Reporting to: Finance & Admin. Manager, Project Manager.

• Overall manage financial control, MIS Reporting to JV Partners HQ (Brussels & Paris), Costing, Cash Management Audit and Forecasts, Monthly closing, follow up with the clients for outstanding payment certificates. Managing AR, AP including Cash flow and treasury functions, forward cover. NICCO- UCO Financial Services LTD -Dec 1991 - Jun 1998, First NBFC in India-A FMCG, NICCO -Indian Group, UCO bank- India, Hambros BANK PLC, IFCW, India. (Assistant Manager)-Direct reporting to GM, CEO & MD.

• Experience in handling various IPOs, in-house (Public and Rights Issue) as a SEBI register Category 1 Merchant bankers in India. Managing various IPOs, private equity placements and arranging offshore funding. Dealing with Register to the IPOs for allotment of shares of employees and public. Price Waterhouse (Coopers) India Ltd. (Big Four Jun ‘90 - Nov ‘91, Senior Associate) Reporting to Sr. Audit Manager.

• Checking of audit Control points, Voucher posting, Invoices with a Customer's data including PO/LOA. Various Schedules- Amortization, Provision, Income Tax return file, Checking of Inventories, Cost of sales, (CAPEX) Depreciation schedules including movement, test Interest and Tax Calculation. EDUCATIONAL QUALIFICATIONS:

Academic: B.SC with Economics & Mathematics from Calcutta University. Professional: ICWAI (CMA) –Final from Institute of Cost and Works Accountant of India. COMPUTER SKILLS

Expert in: MS Office including advanced Excel functions- PIVOT TABLEs, VLOOK UP, Word, Power point & Outlook Express) Oracle financial ERP, In-house (11i) Oracle ERP accounting Software implementation. Excellent working knowledge on SAP FICO and BPC Modules, SQL database, BI/BW HCM Modules on Manufacturing Company and implemented. Overall full-fledged Solid command over Quick Books, Other

(ERPs) Accounting Software: Marlin, Microsoft Dynamics, full-fledged implementation of Orion, Tally ERP LANGUAGES

English (Read, Write and Speak), Hindi (Read, Write and Speak) Arabic (limited Access) and Bengali. PERSONAL DETAILS

Driving License : Valid Indian and International Driving License till Nov.2024, Marital Status: Married, Nationality: Indian. Pass port No : Z……5577 Valid till 08.03.2030. Page: 5/5

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