Deepak Behera

Accounts Payable:-

• Leading of Factory Accounting payment team of (10 member) and ensuring timely processing of Payment to vendors as per SOP’s compliances by ensuring correctness Tax compliance (TDS& GST)- Around 25-30 crores in MTD basic.
• Increased efficiency in accounts payable, implementing robust tracking systems.
• Reviewed and improved internal controls, enhancing overall financial integrity within the company. and analyzing and reporting of Variances with Top level managers.
• Analyzed business processes to identify cost savings and operational efficiencies.
• Delivered regular financial presentations and MIS to senior management, facilitating informed decision-making processes.
• Ensured timely completion of month-end closing procedures for accurate financial statements, and Prepare Schedule to profit and loss statement & cost variance report on quarterly basis.
• Mentored junior finance staff members, fostering an environment of continuous learning and professional development.
• Collaborated with cross-functional teams to optimize resource allocation, resulting in increased profitability.
• Compliance to statutory audit and Internal audit etc.
• Handling of salary processing of factory's Non-management employees, ensuring correctness for deducting TDS, PF, ESIC ,and recovery of loans etc. (745 employees)

Procurement & inventory

• Identifying, evaluating and selecting suppliers based on requirements, and Negotiate Term and condition and price with the vendor as per favorable to the company.
• Maintaining optimal level of inventory and ensuing seamless operation process
• Monitoring market trends and staying updated on industry regulations and best practices
• Calculating product cost, analysis of moving average price (MAP) of procured material.
• Helps to the management about identifying slow moving and non-moving material, and advice to plant head to move out to another unit.
• Calculation of Product costing and updating in SAP.
• Computation of CAS 4 valuation for stock transfer, conducting of physical verification of Inventory as per SOP’s compliances.

Import

• Handling complete import Procedure From the point of vendor Co-ordination to the point of Accounting in books and payment to vendor.
• Co-ordinate with CHA for ensuring timely filling of Bill of entry, and proper scrip Utilization against BCD payment.
• Establishing a manual Tracking system of Import and its relevant due date for smooth flow of operation and avoiding Interest and penalty
• Creation, Negotiation, cancellation of Exposure in treasury portal

Supply Chain Finance (Plant): HCCB

• Supporting Critical Business Planning Process: Annual Business plan -Based on analysis Historical data and forecasting, Monthly Rolling -Estimates for setting target of budget for entire month, Mid-Month Estimates- Review of target set vs actual spend at mid of month,
• Manage Monthly and Quarterly Closing Process for the Plant Including Depots. GL Reviews and Accounts reconciliation, Budget Tracking, and variance analysis.
• Reporting of Variable, Fixed and Sourcing Freight Cost Line in MTD as well as YTD basic.
• Managed complex financial projects (12K projects, ASRS projects, and ASSP line project etc.) ensuring timely completion within budget constraints.
• Support weekly / monthly finance operating processes, including Inventory deep drive, plant financial ops reviews, ICM audits, Surprise checks, compliance to COA &, Fixed Asset verification.
• Drive working capital improvements, including payables and inventory.
• Drive capital management ensuring timely capitalization, and raising RFAs with validation of justification
• Provide leadership in control relates to inventory accounting / processes (physical inventory controls, calculating Product costing value for inter-transfer & production order & techo closing)
• Review of slow moving and Non-moving Spares and consumables, and coordinating with HO team send it to another factory where it requires.
• Circulating various MIS reports le. Daily spare consumption, Daily production and sales Vs forecast, CL dashboard and FG availability report etc.

Supply Chain Finance (Logistics and Distribution): HCCB

• Detailed Tracking of Primary and secondary Freight and Analysis of critical levers like - Unit wise Mix, Pack wise Mix, Vehicle wise Mix, Loadability of Truck, Dedicated Vehicle Utilization etc.
• Reduce Inefficiency by analysis of ESP by Deriving Capacity and Lane deviation and discuss the same with planning team (2-4 lakh saving daily)
• Drive Productivity Opportunities along with Unit Logistics analyze Key Levers/KPI like Time dispatch, Single touch logistic, Stock Deployment plans, forklift productivity & CFA productivity etc.
• Support with Data analysis & Requirement to various Stake holders Like CFA, Transporter, warehouse manager etc
• Manage Returnable like Pallets, ILS, empty and caret – by performing Monthly reconciliation, and regularly engaged with operation team for ensuring timely pull back returnable.
• Deep dive on Warehouse Breakage on identify areas of improvement, Monitor Stock Counts and Batch level accuracy etc.
• Reduced Inefficiency on “Space Utilization, Asset Utilization, MHE, etc.
• Reviewing sales forecast as well as production forecast and strongly co-ordinate with Plant team and operation team as well as planning team for smooth flow of SKU’s in High demand seasons.
• Developed comprehensive financial reports to inform management decisions on cost reduction and revenue growth strategies.

Establishment Work

• Processing of Employees Reimbursement Like “Medical Claim, Imprest Advance, Staff Advance, Tour claims.
• Processing Bill in SAP - MIRO including leasing bill, vehicle bill, Services as well as Supply Bill.
• Review of GLs and Vendors, Clear them of any open item at closing date. And Passing ratification entry in case of any mistake made
• Support in Vendor Payment by making JV entry and BPV entry in SAP.

Indirect Taxation

• Involved in Professional Assignment in Preparing data for GST Returns “GSTR-1, GSTR-7, GSTR-3B”
• Reconciliation of GSTR 2A/2B With Input GL and making JV For GST Credit Utilization and BPV for Payment of GST.
• Issuing of GST TDS Certificate to vendors.
• Create monthly TDS challan for payment of TDS to Government, Preparation of RPU file for Quarterly TS filling.
• Circulating Income tax TDS and and GST TDS certificate to vendors.

• Assisted senior accountants with complex tax filings, ensuring accurate submissions and minimized liabilities.
• Prepared reports and materials to assist with audits.
• Enhanced client satisfaction by providing timely and accurate financial reports.
• Supported clients during tax season by preparing necessary documentation and answering inquiries, reducing stress levels associated with the process.
• Conducted internal audit assignments identifying control weaknesses and providing recommendations for improvement, leading to strengthened financial systems.
• Involved in Professional Assignment in Preparing data for GST Returns “GSTR-1, GSTR-7, GSTR-3B”
• preparing of Bank reconciliation statement, Debtor aging and stock ageing report etc for our clits.