Charanjyot Singh
Jammu
Summary
Business-minded Finance Manager promoting more than 12 years of expertise overseeing transactions and reconciling monthly financial reports. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team contribution and decision making skills.
Overview
15
15
years of professional experience
2020
2020
years of post-secondary education
3
3
Certifications
2
2
Languages
Work History
Unit Finance Manager (Assistant Manager Finance)
ITC
12.2022 - Current
- Company Overview: ITC is a leading Indian conglomerate with a diversified presence in FMCG, hotels, packaging, paperboards, and agribusiness
- Managing finance and commercial activities, implementing financial controls, and leading a team to streamline operations, resulting in improved efficiency and cost savings
- Managing a team of two persons, ensuring smooth functioning of finance and accounting processes
- Inventory Management and Yield Variance analysis
- Verifying and approving all expenses and invoices from suppliers from a financial perspective
- Tracking, monitoring, and reporting monthly Capex variances, identifying idle assets, and managing asset disposal
- Conducting monthly statutory reconciliations, managing accounting operations, financial statements, and company operations
- Reviewing Conversion Cost, Usage variance, Budget vs actual review
- ITC is a leading Indian conglomerate with a diversified presence in FMCG, hotels, packaging, paperboards, and agribusiness
- Implemented finance and accounting controls from Scratch in a Green Field Project factory, including SAP implementation
- Secured EM 2 & Appraisal registration from District Industries Centre & JKDFC for Gst Linked incentive Scheme from Central Govt
- Obtained a sanctions of Rs 1crore for DG & Green initiative incentives from State government incentive policy
- Expedited monthly reconciliation processes and effectively implemented inventory control systems
- Ensured compliance with statutory requirements and liaised with authorities, leading to zero penalties or fines during the tenure
Finance Executive
Godrej Agrovet Limited
07.2015 - 12.2022
- Company Overview: Godrej Agrovet Limited is a diversified agribusiness company in India, involved in animal feed, crop protection, and oil palm cultivation
- Engaged in implementing finance processes, payroll software, and providing financial analysis, leading to improved efficiency and informed decision-making
- Supervised finance and commercial activities, ensuring accurate and timely invoicing for sales and intercompany transactions in SAP
- Reviewed and authorized all expenses and supplier invoices, ensuring compliance with financial standards and guidelines
- Monitored and analyzed monthly Capex variances, identified unused assets and effectively managed their disposal
- Examined and evaluated balance sheet reconciliations, promptly communicating and addressing any discrepancies discovered
- Administered monthly statutory reconciliations, offering timely explanations for variations between actual results and forecasts, and provided the management with actionable recommendations for corrective measures when necessary
- Managed petty cash and local purchases, evaluated documents, and verified bills with purchase orders
- Performed daily bank reconciliations, ensured statutory compliance, and liaised with authorities
- Managed payroll processing, salary calculations, fixed and variable entitlements, and filed PF and TDS/TCS returns
- Administered accounting operations, financial statements, and analyzed company operations reports
- Reviewed revenue and expense account analysis, bank reconciliations, and supervised fixed asset management on a monthly basis
- Prepared and filed tax audit reports in Form 3CD
- Godrej Agrovet Limited is a diversified agribusiness company in India, involved in animal feed, crop protection, and oil palm cultivation
- Resolved TDS penalty and defaults totaling INR 7 lakhs for the FY of 2005-06 to 2019-20
- Acted as a team member in implementing payroll software from Spine Technologies
Accounts Officer
IFB Industries Ltd.
12.2012 - 06.2015
- Company Overview: IFB Industries Ltd
- Is a leading manufacturer of home appliances and engineering products in India
- Managed, controlled, and drove all accounts, finance, and commercial activities, ensuring proper regional accounting, monthly book closing, adhered to company policies, and maintaining customer service standards
- Managed monthly provisioning of expenses and trade schemes, calculated incentives and KPI evaluations on a monthly and quarterly basis
- Worked on variance analysis on actual results versus plans/forecasts, settled franchise claims, factory outstanding, and inter-branch accounts
- Evaluated trade schemes, managed receivables for all dealers and distributors, and focused on overdue accounts
- Reconciled with MHO for transfer price support and monthly payables against materials purchased, settled inter-unit branch reconciliation accounts at month-end, and ensured no open accounts
- IFB Industries Ltd
- Is a leading manufacturer of home appliances and engineering products in India
Accounts Assistant
Amarjeet and Co. (CA Firm)
06.2009 - 07.2010
- Company Overview: Amarjeet and Co
- Is a chartered accountancy firm providing accounting and financial services
- Managed accounts receivable processes from invoicing to payment receipt and accounts payable processes from invoice to payment
- Dealt with petty cash management and daily accounting entries
- Amarjeet and Co
- Is a chartered accountancy firm providing accounting and financial services
Education
MBA - Finance
Chandigarh Business School
B.Com. -
S.P.M.R. College of Commerce
04.2001 - 01.2009
Skills
Financial Management
Budgeting & Forecasting
Taxation
Cost Optimization
Negotiations
Fixed Asset Management
SAP and Systems Expertise
Regulatory Compliance
Team Management
Solution-oriented
Detail-oriented
SAP R/3 Skills: FICO, MM, SD, PP
Certification
GST Certification from the Institute of Cost Accountants of India
Personal Information
Date of Birth: 09/20/87
Timeline
Unit Finance Manager (Assistant Manager Finance)
ITC
12.2022 - Current
Finance Executive
Godrej Agrovet Limited
07.2015 - 12.2022
Accounts Officer
IFB Industries Ltd.
12.2012 - 06.2015
Accounts Assistant
Amarjeet and Co. (CA Firm)
06.2009 - 07.2010
B.Com. -
S.P.M.R. College of Commerce
04.2001 - 01.2009
GST Certification from the Institute of Cost Accountants of India
Online Advanced GST Course from CA Club India
SAP FICO/SD/MM Training from Webcom Technologies
MBA - Finance
Chandigarh Business School
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