FCMA Pravesh Kumar
Gurgaon
Summary
To work in professional atmosphere that enables me to complement my skills with challenging tasks and constantly strive for reaching professional excellence. Strong leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Uses independent decision-making skills and sound judgment to positively impact company success.
Overview
10
10
years of professional experience
Work History
Assistant Manager (FP&A)
Mitsubishi Electric
Gurgaon
08.2024 - Current
- Responsible for the accuracy and reliability of inventory valuation (On hand + MIT) and correct financial reporting
- Responsible for the preparation of item/category wise monthly inventory to know the inventory turnover ratio and analysis the same with Budget
- Finding of Slow/Non-moving inventory on a half yearly basis and reported the same to PPC department for write-off Slow/Non-moving inventory after consultation with sales & management team
- Responsible for the preparation of Monthly COGS and delivered the same to management & do the root cause analysis with last month & with Budget
- Support Procurement team to Calculate & Check the price of raw material as per mutually agreed terms.
- Support Procurement team for Ordering (MOQ) as per latest sales projection
- Support Sale team to prepare Product Cost of each FG Component
- Margin Analysis of FG components to know the profitable segment/product
- Prepare & Support Ops. Team for preparation of Annual financial Budget
- Responsible for the Statutory Annual Cost Audit for Submission with MCA as per companies Act 2013
- Periodical Review of BOM and inform the same to Sale & Purchase team for any cost Recovery from vendors
- Responsible for the Annual Physical Verification of inventory and reported finding to the management
- Coordination with Auditors and provide the relevant data/ information.
- Streamlined company operations, to find more productive methods to reduced expenses
Project finance controller
Amritsar MSW ltd. (Averda Group)
10.2020 - 04.2023
- Booking of Monthly expenses and Revenue in ERP
- Preparation of Reporting Pack (P&L and Balance Sheet)
- MIS Report Preparation and delivering the same to the CFO and GM
- Checking the Bills/invoices and posting the same in ERP
- Reconciliation of Debtor and Creditor
- TDS/TCS entry checking in ERP
- Preparation of GST & TDS related data for filing the monthly returns
- Payments of Vendor's as per ageing
- Coordination with the Procurement & Operation team for smoothly functioning of Business
- Comparison of Actual cost with the budget, identify and report the variances to management
- Preparation of FAR
- Site Visit and checking the Physical Stock with the register
- Preparation of Estimated cost Sheet
- Audit and reimbursement of employees' expenses through ERP
- Coordination with Auditors and provide the relevant data/ information
- Cash Handling and deposit the same into the Bank.
Senior Cost Auditor
Sanjay Gupta & Associates
05.2016 - 09.2020
- Maintenance of Cost Records: -Maintained cost records for lots of companies engaged in Manufacturing according to the Cost Audit and Records Rule 2014 given by MCA
- Product Costing: -Maintained product wise cost accounting records for computing the actual cost of each product
- CAS-4 Certificate: -Prepared CAS-4 certificates as required by excise department
- Cost Audit: -Conducted Cost Audit for the manufacturing and service industry
- Physical Verification Audit: -Conducted Physical Verification Audit and reported its finding to the management
- Variance Analysis: -Used to do variance analysis for the different cost and find out the reason for the variances
- Preparation of Performance Appraisal Report based on Audit findings for the management
- Reconciliation of the client's Financial Profit with the Cost Accounting profit.
Management Trainee
Aspertech solution Pvt. Limited
03.2014 - 08.2015
- Maintaining Day to Day cost center accounting
- Prepared receipts and payment statement on daily basis
- Maintaining FAR (Fixed Assets Register)
- Account receivable (AR) Management
- Preparing the Estimated Cost Sheet
- Maintaining a Voucher
- Debtor's Reconciliation.
Education
Cost & Management Accountancy (CMA) -
ICAI
12.2017
B. Com (Pass) -
Delhi University (SOL)
01.2015
C.B.S.E (12th) -
Kendriya Vidyalaya School
01.2012
C.B.S.E (10th) -
Kendriya Vidyalaya School
01.2009
Skills
- Cost Accounting
- Budget/Forecasting
- Variance Analysis
- Product Costing
- Inventory Analysis
- MIS
- COGS
Membershipnumber - Cma
FCMA-46436
Passport
Available
Personal Information
Gender: Male
Languages
- English
- Hindi
Disclaimer
I do hereby declare that the above information by me is true to the best of my knowledge and belief.
Timeline
Assistant Manager (FP&A)
Mitsubishi Electric
08.2024 - Current
Project finance controller
Amritsar MSW ltd. (Averda Group)
10.2020 - 04.2023
Senior Cost Auditor
Sanjay Gupta & Associates
05.2016 - 09.2020
Management Trainee
Aspertech solution Pvt. Limited
03.2014 - 08.2015
Cost & Management Accountancy (CMA) -
ICAI
B. Com (Pass) -
Delhi University (SOL)
C.B.S.E (12th) -
Kendriya Vidyalaya School
C.B.S.E (10th) -
Kendriya Vidyalaya School
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