Arun Kumar
Cost and Management Accountant
Mumbai
Summary
Well organized Professional with extensive experience within Finance & Controlling with a history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand. Collaborative leader with dedication to partnering with coworkers to promote engaged, empowering work culture. Documented strengths in building and maintaining relationships with diverse range of stakeholders in dynamic, fast-paced settings.
Overview
14
14
years of professional experience
7
7
years of post-secondary education
3
3
Languages
Work History
Manufacturing Controller : SAPMENA Zone
Loreal India Pvt Ltd
10.2023 - Current
- · Planning, forecasting and consolidation of financial performance of 4 Manufacturing location, Product and Packaging development in SAPMENA Zone.
- · Collaborated with cross-functional teams to improve overall business performance through strategic financial analysis and recommendations.
- · Chaired periodic review of financial performance of manufacturing locations, presentations, metrics development; tracked cost through effective MIS every month & drove cost reduction and control objectives.
- · Facilitated business leaders and other local management team members to achieve Budget targets by providing financial tools and analysis and procedures.
- · Improved financial reporting accuracy by streamlining and automating data processing tasks.
- · Enhanced cash flow management with proactive forecasting and budgeting strategies.
Sr Manager Finance
Loreal India Pvt Limited
02.2021 - 09.2023
- · Worked as Brand controller and business partner for 2 precious brand for LorealProfessional Product Division ( Matrix Brand - Haircare and Cheryl’s Brand – Skincare)
- · Achieved operational excellence by streamlining processes and implementing best practices.
- · Managed budgets effectively, achieving financial objectives while maintaining strict control over expenditures.
- · Driving books hygiene by reviewing GRIR and SRIR ageing and getting same cleared with corporate account team
- · Optimizing and Monitoring of Monthly promotional schemes to Customers.
- · Optimizing and Monitoring of education expense of 2500 MINR for Professional Product Division.
- · Collaborating with Sales and Operations teams to reduced waste and pursued revenue development strategies to keep department aligned with sales and profit targets.
Plant Finance Controller
Loreal India Pvt Limited
02.2016 - 02.2021
- · Financial Planning and Analysis: Developed and managed plant's annual budget, forecasting financial performance, and conducting variance analysis to identify areas of improvement.
- · Monitored and controlled costs within plant, including analyzing production costs, identifying cost-saving opportunities, and implemented cost reduction initiatives.
- · Ensured accurate and timely financial reporting, including preparing financial statements, balance sheets, and profit and loss statements for plant.
- · Established and maintained strong internal controls to safeguard plant's assets and ensure compliance with financial regulations and company policies.
Finance Superintendent
ITC
04.2014 - 01.2016
- · Responsible for overall costing and production accounting of Personal care business (own plants and contract manufacturing)
- · Maintaining master data for excise at excisable location and keeping control of correct excise duty capturing in system at time of production.
- · Preparation of presentations of manufacturing yield for own plants for Management committee review on fortnightly basis
- · Evaluated subcontractor performance regularly, ensuring adherence to contract requirements and maintaining accountability throughout the lifecycle of each project.
- · Championed continuous improvement initiatives within the organization, introducing new methodologies to increase productivity and reduce overall project costs.
Costing Section Head
Nestle India Limited
10.2011 - 04.2014
- Responsible for preparation and finalization of Standard cost budget for plant.
- Providing support to Head office for decision making related contribution at diff level of production.
- Preparation of MIS- RM/PM usage variance, Energy Variance, Labour Variance, Fixed cost variance, overall Cost of production variance and comparison of same with previous year actuals and standards cost budget for year
- Preparation of Cost sheet and analyzing variance from Standards and highlighting exceptions to Management
- Preparation of Manufacturing P&L on Quarterly Basis with reasons of variations with previous year
- Driving & support internal control activities like self-audit, physical verification etc
- Driving operational excellence projects for savings, organizing meetings with all departments and reporting of same to Head office
- Single point contact for all cost saving Projects for calculation of savings. Conducted thorough analyses of operational data to identify areas for improvement and recommend actionable solutions.
- Maintain material master data and ensure its quality & Provides costing support for ERP troubleshooting
- Lead Preparation of Cost Audit Data for 2013 & 2014 as applicable for 1st time in 2013.
Plant Accountant
Ranbaxy Laboratories Ltd
05.2010 - 10.2011
- Preparation of earning before tax and highlighting variance reasons to senior management
- Responsible for overall MIS for plant related to accounts and costing and schedules for statutory audits
- Handing cash and bank payments at plant with bank reconciliation at month end in SAP
- Preparation of actual transfer price quarterly for marketing
- Responsible for J sox compliance at plant and updating checklist for same to be sent to Head office
- Developed standard operating procedures for accounting processes, increasing efficiency and reducing errors.
- Helped streamline capital expenditure tracking, evaluating project proposals for financial viability before implementation.
Education
Cost And Management Accountant - Finance And Accounts
Institute of Cost Accountants of India
Chandigrah 01.2006 - 05.2009
Bachelor of Commerce -
Govt College, Sec-11 Chandigarh, Punjab University
Chandigrah 01.2004 - 05.2007
Skills
Financial Planning and analysis I Budgeting I Gross Margin Analysis I Internal Control I Team Management
Personal Information
- Father's Name: Sh. Harpal Singh
- Date of Birth: 06/24/1986
- Marital Status: Married
Timeline
Manufacturing Controller : SAPMENA Zone
Loreal India Pvt Ltd
10.2023 - Current
Sr Manager Finance
Loreal India Pvt Limited
02.2021 - 09.2023
Plant Finance Controller
Loreal India Pvt Limited
02.2016 - 02.2021
Finance Superintendent
ITC
04.2014 - 01.2016
Costing Section Head
Nestle India Limited
10.2011 - 04.2014
Plant Accountant
Ranbaxy Laboratories Ltd
05.2010 - 10.2011
Cost And Management Accountant - Finance And Accounts
Institute of Cost Accountants of India
01.2006 - 05.2009
Bachelor of Commerce -
Govt College, Sec-11 Chandigarh, Punjab University
01.2004 - 05.2007
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