Divyanshu Singhal

Costing Framework and Profitability:

• Served as the Project Manager for the design and successful implementation of a comprehensive costing framework for a new product vertical, ensuring proper cost allocation.
• Conducted a detailed costing analysis of the entire company, including all products and services, resulting in the preparation of monthly profitability statements.
• Finalized cost centers (India and Indonesia) to ensure proper expense booking and meticulous tracking of departmental costs, improving accountability.
• Performed a detailed analysis of costs and developed a robust budgeting framework in Indonesia.

Budgeting, Planning, and Analysis (BP&A):

• Designed and implemented a robust budgetary framework for various departments, establishing control and planning discipline.
• Managed the monthly reconciliation of the budget vs. Actual costs provide crucial data for informed decision-making and performance evaluation.
• Prepared insightful monthly MIS reports encompassing key costing and finance metrics.

Cost Reduction and Operational Excellence:

• Identified key areas of concern through deep operational analysis, resulting in significant cost savings measured in crores for the company.
• Conducted detailed cost analysis of various cost drivers by collaborating with cross-functional teams, providing actionable insights that led to effective cost-reduction strategies.
• Performed in-depth analysis on factory-wise costs and pinpointed key red flag areas for cost saving, documenting findings in the Monthly Factory Performance Analysis Report.
• Executed break-even analysis to determine cost recovery points.
• Performed Activity-Based Costing analysis, highlighting major overhead inefficiencies, thereby reducing the overall expenditure by 5%.

Financial and Systems Management:

• Actively managed and finalized month-end closure activities, ensuring timely and accurate reporting.
• Played a critical role in book closure and balance sheet finalization.
• Provided valuable recommendations for strategic decision-making based on in-depth analysis of various cost elements.
• Played an active role in the implementation of SAP, focusing on financial and controlling modules to enhance system capabilities and reporting efficiency.
• Designed and implemented the Manpower Budgeting Framework.

Performance Management:

• Designed and successfully implemented a departmental scorecard and incentive structure, aligning operational performance with organizational goals.

• Preparation of Costing Report for industrial organizations and medical institutes.
• Preparation of replies to income tax notices for assessment and income escaping.
• Expertise in filing income tax returns.
• Providing consultancy to clients for their tax planning.
• Filed quarterly TDS for government and private organizations.
• Created a parameter for analyzing the financial workings of the organizations.
• Performed a detailed analysis of cash managements.
• Financial benchmarking with key competitors and analyzed financial statements for improvement.
• Conducted multiple field works to understand the financial workings of the hospital.