DEEPAK MUNJAL
Gurgaon
Summary
Results-driven finance professional with extensive experience at Belden India, specializing in budgeting, forecasting, and strategic financial analysis. Proven track record in pricing strategy and process improvement, successfully implementing initiatives that enhanced efficiency. Adept at risk assessment and fostering collaboration, delivering impactful recommendations that drive business growth.
Overview
18
18
years of professional experience
Work History
Director - Commercial Finance
Belden India Private Limited
Gurgaon
02.2017 - Current
- Budgeting and Forecasting: Experience in developing and managing budgets, forecasting financial trends, and implementing cost-effective measures
- Budgeting and forecasting for revenue and margin in accordance with the financial planning calendar
- Financial Analysis- Proven ability to conduct in-depth financial analysis, interpret data, and provide strategic recommendations for business improvement
- APAC SPOC for new processes- Working as single point of contact for creating new processes for Pricing and Commercial finance function and provide training to stakeholder
- Pricing and margin control - Responsible for product pricing for distributors, projects and end customers for India and China market
- Handling pricing lists, SPA, RFQ for project and SPMRO business
- Ensuring to meet or exceed Gross margin forecast
- Deal management - Supporting end to end deal management and coordinating review, and approval process
- Non-Std contract review- Review non-standard contracts with respect of revenue recognition with cross functional teams and coordinating review process
- Management Reporting- Various Management reports including Bowlers, scorecards, KPI, TTI etc
- Sales Controlling - Supporting sales team in achieving monthly/quarterly sales targets
- Periodically review of internal controls working on to create new processes and continuous improvement on existing processes to avoid any potential risk/leakage
- Channel rebate/scheme management- Working closing with channel sales team in setting yearly targets for channels/distributors and monitoring channel performance, issuing credit notes for rebates/incentives as per achievement
- Submitting monthly rebate accruals to accounting team
- Inventory Controlling - Inventory Analysis, safety stock vs Project Stock
- Monitoring of Stock requisitions
- Month end close related activities
- PPV and Material cost variance analysis
- Implemented successful business strategies to increase revenue and target new markets.
- Monitored progress by establishing plans, budgets and measuring results.
- Mitigated business risks by working closely with staff members and assessing performance.
- Promoted a culture of innovation and encouraged staff to contribute ideas.
- Analyzed data to inform decision-making and strategic direction.
Assistant Manager- Finance
Harley-Davidson Motor Company India Private Limited
Gurgaon
02.2011 - 01.2017
- Financial planning - Budgeting/Forecasting for expenses, capital, and headcount in accordance with the financial planning calendar.Implementation of Pricing tool which resulted in 50% time saving to process a price request
- Awarded with 2020 APAC Star award for creating Pricing SOP
- Got BLACK LEVEL award in SAP implementation project
- Financial Analysis- Monthly support to the business; assure all expenses are recorded in the month incurred; distribute departmental performance reports; and analyze spending variances
- Overhead, Inventory and capex controlling
- Month end close related activities
- Assist directors and managers with the financial management of their departmental expenses
- Coordinating Statutory, FCPA, ICFR, and Internal audit & Excise audits
- Train new analysts and stakeholders throughout area of responsibility and provide any necessary guidance and direction
- Inventory reporting & Analysis
- Controlling account payables (reconciliations, advance to vendor's analysis, vendor aging, GR/IR account analysis)
- Intercompany reconciliation
- Supporting in preparation of Financial Statements
- Fixed Assets Accounting
- Monitoring Capex Advances, CWIP, capitalization of assets as per India and US GAAP
- Capex reporting and tracking capex cash flow
- Coordinating internal, statutory audits
- Coordinating Cycle count of inventory and preparing variance analysis
- Green Field Project Accounting exposure
- Product costing - Motorcycle / Buy Part/ Make Parts / Sub con parts costing in SAP
- Manufacturing Variance and purchase price variance analysis on monthly basis
- Employee accounting
- Filing of excise, service tax returns including preparation of Excise records such as RG-1, 23A Part I and Part II, 23 Part II, Service Tax input and PLA registers
- Evaluating/Coordinating internal control systems/ procedures
Sr Executive- Finance
Rockman Industries Ltd (A Hero group Company)
Haridwar
01.2008 - 02.2011
- Periodically Bank Reconciliation
- Sales Bill discounting from Bank and facilitation of Purchase Bill Discounting to Vendors
- Term Loan Repayment
- DP Calculation and Submission to bankers on monthly basis
- Fully Responsible for Receivables and Payables including for payments and reconciliations
- Salary and Statutory Payments (TDS, TCS, ESIC & EPF)
- Reconciliation of Raw material Aluminum Alloy and Bought Out Parts Prices with Hero Honda Motors Ltd on monthly Basis for our All Plant (Ludhiana, Manesar & Haridwar) and Tooling/die Cost Amortization
- Monthly Costing Run in SAP and product Wise-Actual Costing
- New Products Costing Settlement with Hero Honda Motors Ltd
- Preparation and Supervision of various vouchers, invoices, etc
- Monitoring of transactions of bank and petty cash vouchers in SAP on daily basis
- Capitalization of Assets and depreciation Run
- Support in preparing monthly P&L and Balance sheet preparation
- MIS reporting
- Exposure of new project accounting.Coordinating Statutory and Internal Audit
Executive Trainee
ICICI Prudential Life Insurance
Meerut
07.2007 - 12.2007
- Getting Leads from company and converting them
- Design the financial portfolio of the customers
- Maintaining Long Term Relationship with the Customers
Education
MBA - Finance & Marketing
Invertis Institute of Management Studies
Bareilly, UP, India06-2007
Bachelor of Commerce -
Kumaon University
Rudrapur, UK, India06-2005
Skills
- Budgeting and forecasting
- Pricing strategy
- Management reporting
- Risk assessment
- Revenue recognition
- Process improvement
- Strategic decision-making
- Financial analysis
- Strategic planning
Websites
Key Strengths
- Self-motivated and ability to take initiatives.
- Quick learner, keen to learn and improve skills.
- Positive attitude.
- Able to take on responsibility.
- Time Management
Accomplishments
-Led a cross-functional team in implementing cost-saving measures, resulting in a 10% reduction in cost.
-Implementation of Pricing tool which resulted in 50% time saving to process a pricing request.
-Awarded with 2020 APAC Star award for creating Pricing SOP.
-Got BLACK LEVEL award in SAP implementation project.
Timeline
Director - Commercial Finance
Belden India Private Limited
02.2017 - Current
Assistant Manager- Finance
Harley-Davidson Motor Company India Private Limited
02.2011 - 01.2017
Sr Executive- Finance
Rockman Industries Ltd (A Hero group Company)
01.2008 - 02.2011
Executive Trainee
ICICI Prudential Life Insurance
07.2007 - 12.2007
MBA - Finance & Marketing
Invertis Institute of Management Studies
Bachelor of Commerce -
Kumaon University
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