CFO
Resume:
K. Bhaskar
G-*-A, Sunshine Apartments, New 32 Old 72, West Jones Road, West Saidapet,
Chennai–600015 (India)
Mobile: 91-830******* / 909-***-**** Email: ***********@*****.*** Seeking leadership position in…
FINANCE & MANAGEMENT ACCOUNTING
Record of Assisting Management in achieving Growth & Profits in Competitive Markets
• A highly astute, results-oriented professional with 20+ years of rich International experience and quantifiable achievements in all aspects of Finance, Accounting and Audit functions.
• Directed financial management and company development for profitable enterprise in multiple industries including Pharmaceuticals, Cosmetics, Consumer Products, White Goods, Soft Drinks and Hospitality.
• Powerful strategist, empowering organizations with financial strategies for achieving long- term objectives. Demonstrated capability in planning and implementing set up of Finance department/ operations.
• Consistently employ an energized "can-do" management style utilizing financial analysis skills, organizational abilities, vision and tenacity.
• Recognised for strong leadership - mentor, manage, motivate and lead by example. Professionally aggressive in pursuit of company goals and delivering impressive results. CORE STRENGTHS
• Financial Management & Accounting;
Strategic Planning, Supervision &
Implementation
• Extensive experience in applying
Financial & Management Accounting
Techniques in multiple industries
• Detail oriented & meticulous approach to
work. Reputation for unwavering
accuracy, credibility and integrity in
financial reporting and operations.
• Exceptional multi-tasking capability;
skilled in balancing competing priorities
& tight deadlines. Known for quality and
timely completion of all assignments.
• Proven skills in new Project Study,
Evaluation and developing Project
Feasibility Reports.
• Expertise in Costing, Budgeting, driving
Budgetary Control Systems & handling
Inventory & Supply chain management
PROFESSIONAL EXPERIENCE
Practicing CMA and RV(SFA)
Partner, SBK & Associates, Chennai, CMAs Jul 2011 till date Project Cash Flows and Financial Evaluation
Projected P&L, Balance Sheet and Cash Flows
Setting up Costing Systems
Cost Accounting Record Rules and Cost Audit
Internal Control Assignments
Valuation of Securities or Financial Assets
Share and Business valuations
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Fresh & Honest Café Ltd (a Lavazza Company), Chennai Jul 2006 to Jun 2011 Chief Financial Officer
Heading the Finance and Accounting function of the company
• Responsible for managing the P&L and Balance Sheet of the company
• Presentation of Annual Business Plans and Variance Analysis
• Product Costing and Division wise Profitability
• Negotiating with Banks for Working Capital loans and credit facilities
• Dealing with Banks for Term Loans for expansion of projects
• Project Feasibility Analysis through DCF, Payback Period and IRR
• Treasury and Cash Flow Management
• Excise Duty, Sales Tax and VAT in various states
• Supervision of Income Tax and TDS
• Inventory Management and Materials Control
• Implementation and Review of Operational Systems and Control Key Achievements:
• Instrumental in successful due diligence and smooth transition to an MNC.
• Instrumental in successfully implementing the SAP FICO module in three months time.
• Arranged for term loans and working capital.
• Instrumental in successfully selling the loss making Soya division. Landmark Group Gulf, Dubai Nov 2003 to Nov 2005
Finance Manager
Overall accountability of Financial Management and Accounting function of Food Division.
• Compiling the Monthly P&L Account and Balance Sheet.
• Responsible for Annual Budgeting and Variance Analysis.
• Fixed Assets Accounting and Depreciation.
• Costing and Breakeven Point Analysis.
• New Projects Evaluation and Feasibility Reports.
• Materials Management; Purchase, Inventory Management and Stocks & WIP Valuation.
• Negotiating rent and other lease terms.
• Implementation of Accounting and Operational Systems and Control. Classic Beverages Nigeria Ltd Apr 2002 to Apr 2003 Finance Controller
Overall in charge of all the areas of Accounting and Finance.
• Implementation of Accounting Systems and Controls.
• Responsible for Profitability Statements and Balance Sheet.
• Arranging for Long Term and Working Capital Finance from Banks.
• Costing and Variance Analysis.
• Analysis of Budgets and Implementation of Budgetary Control Systems.
• Supply Chain and Inventory Management.
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Coca-Cola India
Manager - Internal Audit Mar 2001 to Mar 2002
• Accountable for implementation & review of Systems and Business Controls.
• Handle risk classification of gaps in internal control procedures and make recommendations for improvements in internal controls.
• Draft and analyze the internal audit reports.
Earlier role:
Finance Manager Apr 1998 to Feb 2001
• Prepare P&L Account and Balance Sheet as per Indian & US GAAP.
• In charge of Purchase & Sales Accounting and Bank, Debtors & Creditors Reconciliation.
• Handle valuation of finished & WIP Stocks and Manage Excise Duty & ST related work.
• Financial Management; prepare Future Business Plans, handle budgeting and budgetary control, Treasury and Funds Management.
• Capitalization of Fixed Assets and monitoring Supply Chain Function. Key Achievement:
• Instrumental in starting the operations in Varanasi and set-up the Financial & Reporting Systems in the organization.
Electrolux Aug 1995 to Apr 1998
Deputy Manager (Costing & Budgeting)
• Costing Function; handle Standard Costing & Variance Analysis, maintain Product Cost Sheets, Monitor Contributions & maintain records as per Cost Accounting Record Rules.
• Handle valuation of Inventories.
• Accounts Management; prepare & review Monthly P&L of the plant & Annual Budget. Key Achievements:
• Independently developed and successfully set-up a Standard Costing System for working out the Product Cost.
• Actively participated in streamlining the Stores Accounting System including Planning of the Material Issues.
Dabur India Ltd Mar 1992 to Jul 1995
Senior Accounts Officer (Costing)
• In charge of Product Costing and Contribution Analysis.
• Handle pricing of products under Uniform Pricing System.
• Analyze cost and draw up Feasibility Reports for Diversification into New Products, New Projects & various Marketing Options.
• Prepare MIS Reports on Sales Achievement and Monthly Profitability. SRF LTD Sep 1991 to Feb 1992
Senior Accountant on Assignment Basis for H.P.Singh & Associates, Chartered Accountants
• Gained exposure in Bank Reconciliation, Debtors Reconciliation and maintenance of Petty Cash and Bank Accounts.
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EDUCATION & CREDENTIALS
Bachelor of Commerce (Honours) 1989 - University of Delhi Cost and Works Accountant (ICWA) 1991- The Institute of Cost and Works Accountants of India, Calcutta
Chartered Management Accountant (CIMA) 2010 - The Chartered Institute of Management Accountants, London, UK
Certified Financial Planner (CFPCM) 2012 – Financial Planning Standards Board, India Registered Valuer (Securities or Financial Assets) 2026– Insolvency and Bankruptcy Board of India
Diploma in Business Finance 1996 - Institute of Chartered Financial Analysts of India, Hyderabad Membership of Professional Institutes:
• Associate Member of All India Management Association.
• Associate Member of Chartered Institute of Management Accountants, London.
• Associate Member of The Institute of Cost and Works Accountants of India. Articles published in "The Management Accountant" a Leading Professional Journal:
• Uniform pricing in a Consumer Products Industry
• Setting up an Activity Based Costing System
• Foreign Exchange Risk –Forward Contracts vs Options Computer Proficiency: Good working knowledge of Microsoft Excel, Word, Tally and SAP Financials for Costing & Accounting Applications.
PERSONAL DETAILS
Date of Birth : 9th July 1969
Languages Known : English, Hindi, Tamil and Malayalam Passport Details : Issued by RPO Chennai and valid upto 2031 REFERENCES
Available on request
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