Chanda Naresh kumar

· Develop and oversee the company's financial plans, including budgeting and forecasting.

· Conduct financial analysis to support business decisions and strategic planning.

· Monitor and analyze financial performance against budget and forecast, identifying trends and variances.

· Ensure accurate and timely financial reporting, including the preparation of financial statements.

· Oversee the month-end and year-end close processes.

· Maintain and enforce proper accounting policies, procedures, and internal controls.

· Monitor and control production costs, including raw materials, labor, and overhead.

· Implement cost-saving initiatives and efficiency improvements.

· Conduct variance analysis to identify cost drivers and recommend corrective actions.

· Manage the company's cash flow to ensure liquidity and financial stability.

· Oversee accounts payable and receivable, ensuring timely payments and collections.

· Develop cash flow forecasts and manage working capital.

· Ensure compliance with local and international financial regulations and standards.

· Coordinate and manage internal and external audits.

· Implement and maintain a strong internal control environment.

· Develop and implement financial strategies to support the company's growth and profitability.

· Provide financial insights and recommendations to senior management.

· Evaluate investment opportunities and capital expenditures.

· Manage and develop the finance and accounting team.

· Foster a culture of continuous improvement and professional development within the team.

· Ensure effective communication and collaboration within the finance department and with other departments.

· Identify and mitigate financial risks.

· Develop and implement risk management policies and procedures.

· Monitor financial and operational risks and take appropriate actions to minimize their impact.

· Serve as the primary point of contact for financial matters with external stakeholders, including investors, banks, and regulatory authorities.

· Prepare and present financial reports to the board of directors and other key stakeholders.

· Build and maintain strong relationships with key stakeholders.

· Successfully implemented the new system implementation within the projected timeline (6 Months).

· Improved financial reporting accuracy by 100%, reducing errors in invoicing and expense recording.

· Implemented barcode scanning in the inventory system, resulting in a 90% reduction in stock discrepancies and improved traceability.

· Traced Financial Leakages and implemented Controls with Daily trackers.

· Implemented Day wise and Month wise Analytical reporting system for Finance team.

· Implemented SAP Business One ERP for finance modules and integrated with an industry-specific inventory management solution.

· Conducted training sessions for employees to ensure a smooth transition to the new system.

· Streamlined and database designed for SAP backend team for Daily posting.

· Facilitated regular communication between finance, operations, and IT teams to address concerns, provide updates, and ensure alignment with project goals.

· Conducted workshops to educate staff on the new system's functionalities and gather feedback for continuous improvement.

• · Worked Closely with Company External auditor's regarding tax saving issues on revenue.
• · Conduct review meetings with company internal auditors and Immediate company local directors on final accounts for past financial Years comparison for better growth plan and fixing budget.
• · Co- Ordinating with TAX officials for IMPOT Tax returns submission on allotted monthly audit dates.
• · Updating staff regrading new tax law exemptions and discussing with Internal auditors to avoid Paying tax and penalties on delays.
• · Created and distributed reports on internal and external finances, audits, and budgets.
• · Introduced internal controls to monitor critical areas of financial control and devise cost corrective actions to address risks or deficiencies.
• · Worked with 6 executives to create annual budget and track actual expenses against projected expenses.
• · Maximized year-end tax benefits by efficiently managing cash flows.
• · Provided treasury and cash management by overseeing reconciliation of banking activity.
• · Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
• · Reviewed documents and data to give accurate presentations and forecasts to upper management.
• · Accurately projected monthly cash expenditures through efficient budgeting and detailed document reviews.
• · Worked with both internal and external users to create detailed financial reports.
• · Managed outstanding balance amounts by evaluating reports and determining collection statuses.
• · Prepared balance sheets, cash flow reports and income statements.
• · Oversaw accounts payable and receivable operations for FMCG / Manufacturing business with CFA# 35 million (up to) in monthly expenses.
• · Accurately completed financial statement audits and thoroughly reviewed results.
• · Preparing overseas purchase orders and collecting different Proforma Invoices to have better negotiation on prices. Reports submit MD with comparison statements
• · Preparing Import documentation according by customs tariffs and other shipping documents (BL/ FDI/ RFCV/ CEPECI EXONORATION, etc.)
• · Arranging logistics for import the machinery and for local retail sales.
• · Co-Ordinating with all local statutory bodies to full fill monthly and yearly report submissions according by industrial act.
• · Dealing with all kinds of official GOVT notices and responding accordingly, involving company lawyers and external auditors to resolve the issue before leading to critical.
• · Dealing with local contractors as well local labors to co-ordinate with department heads. Arranging all official contracts for factory works with regulation and conditions as per local Law.
• · Dealing with IMPOTS and CNPS and other all industrial taxes officially.
• · Arranging all expat needs (Visa/ Guest House / Transport/ etc.)
• · Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
• · Managed budgets, assets, portfolios, accounts payable and receivable and general financial reporting procedures.
• · Assisted in upper-level decision making by creating comprehensive financial reports and collaborating with finance and accounting departments.
• · Calculated salesperson commissions based on established parameters and disbursed payments.
• Reduced waste and boosted productivity by restructuring finance and accounting departments.

Financial Management and Reporting:

· Overseeing the preparation of financial statements, including balance sheets, income statements, and cash flow statements.

· Ensuring accurate and timely financial reporting to management, stakeholders, and regulatory authorities.

· Managing budgeting processes, forecasting financial performance, and analyzing variances

Cost Control and Efficiency :

· Monitoring and controlling production costs, ensuring optimal use of resources.

· Implementing cost-saving measures and improving operational efficiencies.

· Conducting cost-benefit analysis for various projects and initiatives.

Compliance and Auditing :

· Ensuring compliance with local and international accounting standards, tax regulations, and corporate policies.

· Coordinating internal and external audits, addressing audit queries, and implementing audit recommendations.

Financial Planning and Strategy :

· Developing and implementing financial strategies aligned with the company's goals and objectives.

· Advising senior management on financial matters, including investment opportunities, risk management, and strategic planning.

· Conducting financial analysis and providing insights for decision-making.

Cash Flow Management :

· Managing the company's cash flow to ensure liquidity and solvency.

· Overseeing accounts payable and receivable, ensuring timely collection and payment

Team Leadership and Development :

· Leading and mentoring the finance team, fostering a culture of continuous improvement.

· Providing training and development opportunities for team members to enhance their skills and knowledge.

Financial Systems and Processes :

· Implementing and maintaining financial systems and software to streamline processes and improve accuracy.

· Developing and updating financial policies, procedures, and internal controls.

Stakeholder Communication :

· Communicating financial performance and strategies to stakeholders, including investors, creditors, and regulatory bodies.

Building and maintaining relationships with banks, auditors, and other financial institutions.

• Preparing and presenting accurate financial statements, conducting financial analysis, developing annual budgets and financial forecasts, analyzing production costs, establishing and maintaining internal controls, managing cash flow, providing strategic financial advice, coordinating and managing external audits, leading and mentoring the finance team, implementing and maintaining ERP systems.

• Conduct Internal Audits. Audits allow companies to identify and evaluate risks
• 
  Create Reports. Internal audit reports can highlight the main deficiencies within a company's control systems
  
• Ensure Changes Meet Compliance
  
• Determine Capital Use Efficiency
  
• Monitor Regulations