Apoorav Vats
Deputy Manager (FP&A And RTR)
Delhi,DL
Summary
An astute professional with 13+ years of experience in Financial planning and Analysis, GL Accounting, Accounts Payable, Budgeting, Forecasting, and variance analysis. Possess excellent interpersonal and analytical skills with a process-oriented approach towards the accomplishment of organizational goals. Fast learner with exceptional presentation and interpersonal skills and can work well under intense pressure in a fast-paced environment and deliver effective results. Deft at reviewing and recommending the enhancements for improving the current work flow for increasing operational efficiency.
Overview
13
13
years of professional experience
2
2
Languages
Work History
Deputy Manager (FP&A and R2R) - Coffee Product
Olam Information Service
01.2022 - Current
- Preparing a monthly fair valuation of coffee stock and contracts involves aligning inventory and derivative positions with current market prices (spot price for inventory, futures market for contracts) to recognize gains or losses immediately. This process ensures that financial statements reflect the current economic value.
- Preparing direct and indirect cost analysis reports for multiple business units, focusing on cost reduction in both variable and fixed expenses. Managed journal entries and variance analysis, presenting findings to senior management to inform decision-making. Conducted regular audits to ensure accurate cost tracking, and communicate product cost changes effectively.
- Preparing a Business Review Meeting report to analyze financial and operational performance, and to present findings to senior leadership, to aid in decision-making and performance evaluation.
- Analyzing the Inventory and Sales Report to provide a detailed summary on inventory projection, slow-moving stock, and sales purchase performance.
- Assisted in preparing and consolidating the company's annual budget, ensuring alignment with strategic goals.
- Reviewing standard journals for prepayment, accrual, and reclassification.
- Identified areas for improvement within the department, implementing strategic initiatives to address gaps in performance or resources.
- Collaborated with cross-functional teams to drive business growth and achieve corporate objectives.
Senior Financial Analyst (R2R General Ledger)
Accenture solutions private limited
01.2016 - 2022
- Process: General Accounting – Clients: Philip Morris International and Schlumberger Oilfields.
- Part of the pilot team, handling the transition from the USA onsite (on a B1 visa) and Poland virtually.
- Prepared and reviewed the SOP for process-specific activities before submitting the final versions to the client for approval.
- Investigate in GL and subsidiary accounts, and research and arrange rectification by the concerned parties to keep the books of accounts balanced. Identify the payments made into the wrong cost center and the reclassification thereof.
- Review balance sheet reconciliations, updating backups for all the open items. Evaluate and analyze the root cause identification for any pending items post 90 days.
- Reconciliation of intercompany GL accounts.
- Supervise the development and implementation of financial simulation models.
- Attending weekly client status reporting calls to discuss capacity planning and the progress of workflow.
- I provided an automation idea and coordinated with the automation team to implement the ideas successfully. Implemented formulas in Excel reports, and supported the team in submitting the reports on time with accuracy.
Financial Analyst (R2R General Ledger)
EXL Services
2015 - 2016
- Process: General Accounting – American Express
- Preparation and posting of standard journals, prepayments, and adjustment journals.
- Handling reconciliation issues for different markets.
- Evaluate and analyze root cause identification for any pending items post 90 days.
- Evaluating the reason for write-offs and working on improvement plans to reduce the number of write-offs.
- Investigate in GL and subsidiary accounts, and research and arrange rectification by the concerned person to keep the books of accounts balanced.
Process Executive (R2R General Ledger)
Infosys
2013 - 2015
- Process: General accounting – Charles Schwab, US Global F&A.
- Handling the general accounts of Charles Schwab's U.S. units.
- Dealing with accruals, reconciliation, and month-end reporting.
- Preparation and posting of standard journals, prepayments, and adjustment journals.
- Financial analysis, including variance analysis and forecasting of existing processes, for exploring areas for cost reduction and efficiencies for improving profitability.
- Investigate in GL and subsidiary accounts, and research and arrange rectification by the concerned parties to keep the books of accounts balanced.
- Calculating and recording entries for amortization of prepaid expenses.
Assistant Accountant
Cofiser Color Solutions Private Limited
2012 - 2013
- Client: General accounting - AkzoNobel India.
- Handling the general accounts of AkzoNobel India.
- Dealing with accruals and prepaid.
- Calculating and recording entries for amortization of prepaid expenses.
Education
Master of Business Administration - Finance
NIMS University
IndiaBachelor of Commerce - undefined
MJPRU University
IndiaSkills
Direct cost Analysis
Interests
Playing Badminton, Cricket, Listening music
Timeline
Deputy Manager (FP&A and R2R) - Coffee Product
Olam Information Service
01.2022 - Current
Senior Financial Analyst (R2R General Ledger)
Accenture solutions private limited
01.2016 - 2022
Bachelor of Commerce - undefined
MJPRU University
Financial Analyst (R2R General Ledger)
EXL Services
2015 - 2016
Process Executive (R2R General Ledger)
Infosys
2013 - 2015
Assistant Accountant
Cofiser Color Solutions Private Limited
2012 - 2013
Master of Business Administration - Finance
NIMS University
Rewards and Recognition
Olam
Awarded 2024 Employee of the Year for automating the direct cost reporting process, enabling detailed container-level variance analysis and improving accuracy in accrual and prepaid postings.
Earned 2023 Quarterly Award for implementing cost-saving measures that slashed direct costs by $100K, while simultaneously recovering the full amount from customers.
Accenture
Earned 2022 Quarterly individual Excellence Award appreciation for positive feedback from the client for SOPs and smooth process implementation.
Received appreciation from client for automating critical files to reduce time during month end and increase accuracy as well.
Training
Provided trainings sessions to team members on the topic of: Excel overview and basic formulas, Soft skills, Domain(R2R)
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Personal Details
- Passport: Available with USA B1 Visa, Canada Visitor-1 Visa, if required.
- Current Country: India
Languages
English
Upper intermediate (B2)
Hindi
Bilingual or Proficient (C2)
Accomplishments
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Achieved accuracy by introducing automated report with the help of automation team for stock and sales analysis tasks.
- Supervised team of 4 staff members.
Software
SAP
Oracle
Lawson
People soft
MS office