Sunil Prasad Mehta

• Oct 2022 - Current Site Finance Controller
  Madhepura Electronic Locomotive Private Limited
  • Oversee finance function at one of largest manufacturing sites for electric locomotives, with contract value of 3 billion EUR
  • Conducting monthly reviews of profit and loss statements before month end closure, addressing accounting issues, tracking trends in fixed and variable cost, monthly accrual, and provision.
  • Reviewing contracts that have financial impacts and advising project managers on impact contracts will have on project margins
  • Assisting operation team in implementing cost saving ideas and achieved total saving of 5 million EUR in last two year
  • Ensuring optimal utilization of site manpower through various KPI like manufacturing throughput ratio and under over recovery
  • Preparing three-year annual budget for site and tracking actual expenses against projected expenses
  • Managing financial project review (FPR) process and ensuring project margin improvement through risk and opportunity analysis of project
  • Ensuring adherence to internal controls and statutory compliance, conducting root cause analysis for identified issue and implementing remediation measures

• • Lead comprehensive assessment and finalization of financial statements, including cash flow analysis aligned with IFRS/Ind AS standards
  • Reviewed monthly financial performance of all business vertical and prepared India business review presentations for management.
  • Developed and deepened relationships with cross functional head by closely monitoring their budget (totaling of 15 Million EUR) and providing essential financial information needed to make informed strategic decisions.
  • Lead statutory audit, group audit, tax audit and internal audit of four legal entities
  • Reviewed three year budget plan submitted by five reporting unit/site and.
  • Shared specialized knowledge on accounting and compliance to Global Finance shared Services and project team
  • Prepared reconciliation to bridge GAAP difference between Ind AS and IFRS.

• Managed statutory audit of various client and ensured adherence to timelines and project profitability
• Developed strong client relationship, resulting in successful onboarding new client and business growth
• Trained new employees on accounting principles and company procedures.
• Developed financial models to assess and analyze financial performance of clients.
• Identified legal tax savings and recommended ways to improve profits.
• Maintained professional knowledge by attending training and workshops organized by KPMG
• Identified management control weaknesses and provided value added suggestions for remediation

• Led and managed range of audits, including statutory, internal, tax and certification.
• Prepared and filled various tax returns, including, Income tax, TDS, service tax, VAT, Excise and property tax.