Binit Lohia
Zirakpur
Summary
Qualified CA and CMA(AIR 33) and having 6+ Year's experience.
Driving financial planning, budgeting, and forecasting processes. Working closely with cross-functional teams, translating financial data into actionable insights and strategic recommendations. Through my strong analytical skills and proficiency in financial modeling and supported key decision-making processes, identified areas for cost optimization, and contributed to overall business growth.
Overview
12
12
years of professional experience
Work History
Analyst Finance Manufacturing (Assistant Manager)
Mondelez India Foods Private Limited
Baddi
2022.06 - Current
- Driving cost review process to ensure adherence to annual budgets.
- Maintaining accounting process and system hygiene with adherence to SOP.
- Interaction with auditors (Internal, Sox) with responsibility of financial controls at the unit.
- Evaluation of financial viability of new capital investments along with monitoring of capital spends.
- Prepared 4 Power BI dashboard i.e. Conversion Cost, BOM Comparison, Scrap Recon, exceptional movement entries tracking for India Level.
- Collaborating with cross-functional teams on projects related to analytics initiatives.
- Preparing Conversion cost sheets outlining the important key financial & operational indices.
- Maintaining fixed assets register hygiene according to USGAAP & IND AS.
- Preparing and analyzing Yield loss, Material Price/Usage Variance.
- Forecasting & Budgeting of Conversion Cost (IBR) for the sites for FY 2023 & 2024 along with quarterly outlook.
- Driving improvements through benchmarking within & outside organization.
- Support reporting manager in delivering the task within agreed timelines and desired quality.
- Preparing of material losses and scrap reconciliation & discussing with line leads.
- Ensuring the Returns/records required under various commerical laws are submitted timely.
Executive in Tax and Regulatory Services
EY LLP
Bangalore
2022.03 - 2022.06
- Preparation of financial statements as per IND AS.
- Monthly closing of books of accounts of Group Company.
- MIS Report preparation relating to expense incurred and leasing income & CAM income.
- Ageing of receivable and payable.
- Reviewing TDS and GST return prepared by team.
Finance Executive
ITC Limited-Foods Division
Pune
2020.09 - 2022.03
- Monthly closing of books of accounts related to Atta division of the Plant.
- Production yield of finished goods and its Raw material, packing material consumption.
- Preparation MIS related to Product cost, Conversion Cost and their analysis.
- Inventory management - Monitoring inventory and inform management about the requirement of inventory, dead stock and slow-moving stock.
- Contacts & Negotiation - Vendor contracts, AMC and negotiation and procurement of fixed assets and spares.
- Preparation of GST and TDS return details, reconciliation and their compliance.
- Scrutiny of GL ledgers and Scrap Sale reconciliations.
- Preparation reports for claiming benefits (like incentives) provided by Government.
- Calculate the monthly common cost and there allocations.
Management Trainee
Noble Veneer Private Limited
New Delhi
2019.04 - 2019.09
- Finalization of Balance sheet.
- Preparation and filing of TDS Returns, GST Return.
- Maintenance of Books of Accounts, Laisoning with banks.
Audit Manager
RSPM & Co., Chartered Accountants
Tiruppur
2016.12 - 2018.10
- Lead team of 4 people on various assignments with responsibility of completing the assignment.
- Development of good relationship with the clients.
- Effective utilization of Team members.
- Successfully led and implemented GST at various client Place.
- Preparation of Financial Statements.
- Preparation and filing of corporate and personal tax returns.
Internship Trainee
S. Khaitan & Co., Chartered Accountants
Kolkata
2012.10 - 2015.10
- Completion of audit of independently / with the help of team members.
- Strict adherence to reporting timelines.
- Implementation of Internal control at various client place.
- Preparation and filing of corporate and personal tax returns.
- Preparation of Financial Statements.
- Preparation of Tax Audit Report & Stock Audit.
Education
Chartered Accountants -
Institute of Chartered Accountants of India
2021-07
Cost Accountants (AIR 33) -
Institute of Cost Accountants of India
2019-12
M.com -
University of Calcutta
Kolkata2016-03
B.com -
University of Calcutta
Kolkata2014-03
Skills
- Financial Planning and Analysis.
- Forecasting and Budgeting
- Power BI dashboards
- Analytical Skills
- KPI analysis
- End to end task completion
- Result Driven
- MS office tools proficient
- Team Player
Websites
Accomplishments
- Achieved AIR 33 in Final Examination of the Institute of Cost Accountants of India.
- Awarded with Bright Spot A ward for driving excellence in cost saving, streamlined billing process & recovery from vendors.
Languages
Hindi
First Language
English
Proficient (C2)
C2
Timeline
Analyst Finance Manufacturing (Assistant Manager)
Mondelez India Foods Private Limited
2022.06 - Current
Executive in Tax and Regulatory Services
EY LLP
2022.03 - 2022.06
Finance Executive
ITC Limited-Foods Division
2020.09 - 2022.03
Management Trainee
Noble Veneer Private Limited
2019.04 - 2019.09
Audit Manager
RSPM & Co., Chartered Accountants
2016.12 - 2018.10
Internship Trainee
S. Khaitan & Co., Chartered Accountants
2012.10 - 2015.10
Chartered Accountants -
Institute of Chartered Accountants of India
Cost Accountants (AIR 33) -
Institute of Cost Accountants of India
M.com -
University of Calcutta
B.com -
University of Calcutta
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