K Eswari Sabarirajan
Chennai
Summary
- Experienced finance professional with strong background in Manufacturing operations in Automobiles, Textile, Battery Mfg. & After-market businesses.
- Managing Finance operations, Capek approvals, Project appraisals, Business plan workings with budgeting revenue / costs & timely completion of audits in Mfg.
- Driving process improvements and Automation in Finance processes & reports.
- Overseeing customer account management including negotiating pricing contracts to maximize sales and profits; prepare reports on account status, collaborate with sales team to identify and implement growth opportunities in sales revenue/new orders.
- Participative in CFT for annual budgeting, margin improvements and cost reduction initiatives, working knowledge of GST and Compliances.
- Proactive Manager with demonstrated leadership abilities, Assertive and a Committed Performer to constantly develop skills to grow professionally.
Overview
24
24
years of professional experience
Work History
Deputy Manager Finance
Lucas TVS Ltd - TVS Indeon Battery Project
12.2023 - Current
- Project Cost Management and Financials: Estimate total costs, plan the budget, monitor spend and prepare for potential risks
- Monitoring and Reporting Capital Budget Approval/Sanctions/PO Raising
- Ensure costs stay within project budget and improve profitability – Both Capex and Opex
- Validate commercial comparison for capex items in quotes.
- FA accounting and Project tracker for Pending Receipt/Asset Capitalization/Track GI/Capital Advances/Pending CWIP
- Import/local Supplies/Capex Bills, including constructions/Civil RA Bills and related payments/reconciliations.
- Statutory compliances at Projects/Finance related for PF ESI and Income tax filing/GST returns
- Site Visits need based for the Project tracking and compliances Checking
- Preparation of Financial Reports and Project Capex Status and review with the CFO
- Funds planning
- Assist Management to make Financial decisions
- Participate in the execution of changes to procedures, policies and system.
Asst. Manager Finance
Lucas Indian Service Ltd - Manufacturing Unit
05.2016 - 11.2023
- Capex and Project appraisals: Interaction with Project teams, Compilation & analysis of new investments, scrutiny & summarization of proposals, Pricing, IRR Computations, Finance vetting of quotes for machines and Post capitalization audits., together as a team achieving the project mile stones & deliverables
- Material cost and Margin Improvements: Release of Standard cost estimates, tracking actual costs vs std n report on variances, validation of Bill of Material vs Actual mfg. for norms, performance audits coordination, reduction of scrap costs both design and process and realization of scrap at max rates; make or buy decisions and reporting of measures for margin improvements; Routine internal audit checks with inhouse team. For process improvements at manufacturing areas and functional processes
- Audit Coordination: Timely completion of statutory audits; conduct quarterly stock audits of RM/WIP/FG; and ensure posting of variances besides countermeasures to reduce gross variances; Daily Perpetual stock audit of selected parts thro SAP; Stock revaluation as per AS2 and segmental reports for audits and notes to accounts, part of the yearly annual reports of the company and in Cost audits, overall tracking all compliances towards regulatory, taxes and plant specific
- Indirect Taxation: Working knowledge of tax legislations especially GST legislation, ensure timely availment of Input tax credits and related reconciliations and address the audit queries.
- MIS: Analyzing actual manufacturing costs and preparing profitability statement periodically, providing management with reports specifying and comparing factors affecting profitability
- Co-ordination with Plant & Corporate to liaison for MIS and Audits
- Analysis: Involving in forecasting Inventory, sales production data and information about market trends to predict future market conditions and customers demands for products; Analysis for revenue, expenses, Cash flows and balance sheet
- Month close: Streamlining the month end processing which resulted in processing time from 6 days to 3 days, with help of automation of reports and tracker for PIP. Profit Improvement Plan, specific to reaching defined Profitability target on monthly basis, besides the base annual operating plans.
Accounts Manager Finance
Lucas Indian Service Ltd - Manufacturing Unit
02.2011 - 03.2016
- Managed a team of Analysts and Accountants as Key Accounts Manager
- Identified business plan, key decision makers, & key performance indicators to increase revenue by an avg of 16% per month
- Collaborated closely with all employees to grow revenue and achieving project deliverables and exceeding yearly profit goals by 18%
- Contributed to timely close of books and yearly statutory and internal audits Monitoring of compliances across all areas both regulatory and functional areas
- Co ordination with Auditor towards year end closure and Income tax filling, in attending IT Scrutiny and follow up for assessment further
- Responsible for accounts Payable, Receivable, Bank reconciliation, general ledger, Capital assets Reconciliations, Fixed Assets Activity, etc.
Senior Accountant
Inter mode International
06.2000 - 02.2011
- Coordinated all imports and exports and liaised with customs that led to 10% drop on demurrage charges.
- Analyzed and identified fast moving inventory and necessitating reduction of stockholding of lower profitable goods.
- Contributed to a project which resulted in draw back claims on exports Sales tax compliances plus routine financial accounting of payables and receivables and generation of reports track performance.
- Supported for timely year end audit closure and Income tax returns.
Education
MBA - - Finance
Madras University
Chennai05.2009
Bachelor of Arts - B.COM
APSA College
Thirupathur05.1999
Skills
- SAP FICO
- Tally
- MS office
- Budgeting
- Financial Management
- Cost Control
- Margin Improvements
- Financial Reports
- Analytical skills
Personal Information
Title: Manager Finance
Timeline
Deputy Manager Finance
Lucas TVS Ltd - TVS Indeon Battery Project
12.2023 - Current
Asst. Manager Finance
Lucas Indian Service Ltd - Manufacturing Unit
05.2016 - 11.2023
Accounts Manager Finance
Lucas Indian Service Ltd - Manufacturing Unit
02.2011 - 03.2016
Senior Accountant
Inter mode International
06.2000 - 02.2011
MBA - - Finance
Madras University
Bachelor of Arts - B.COM
APSA College
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