Jitendra Nathani
Thane
Summary
Innovative and strategic thinker, dedicated team player, with over 14 years of contribution to the FMCG industry. Possessing diverse experience and extensive knowledge of various finance verticals, including FP&A, and cost accounting. Always eager to learn and naturally curious, I believe in problem-solving and driving efficiency in processes. I have instigated and streamlined multiple data management processes, improving the company's operational efficiency, and achieving an annual saving of approximately 1,000 man-hours.
Overview
14
14
years of professional experience
Work History
Senior Business Financial Analyst
General India Private Limited
Mumbai
09.2021 - Current
- Co-lead the project for establishing the standard process for reporting, forecasting, and planning of the SG&A P&L line for the international market.
- Established ways of working and service delivery processes.
- Developed multiple financial reports for the clusters and market for efficient cost reporting and management.
- Conducted detailed business analysis, outlining problems, opportunities, and solutions for a business.
- Assessed potential risks, identified risk mitigation strategies, and implemented risk control measures.
- Developed budget plans, forecasts, and projections for future years based on historical data.
- Created ad-hoc reports as needed by executive leadership team in order to assess the company's financial health.
- Created and designed business intelligence databases, spreadsheets or outputs.
- Identified and analyzed industry or geographic trends with business strategy implications.
- Was a key member in many process improvement projects. Generated more than 1,200 annual hours of savings with the self-generated process improvement idea.
Senior Financial Analyst
Colgate Global Business Services Pvt Ltd
Mumbai
12.2015 - 09.2021
- Handled supply chain finance activities for the Asia division.
- Monitored and performed product costing activities to ensure accurate financial reporting during cost release and monthly plant closing.
- Perform and lead the quarterly standard cost calculations of the manufacturing and commercial location.
- Provide key drivers of change and financial impacts before communicating the intercompany transfer pricing.
- Plan the entire cost release schedule with the alignment of several stakeholders, such as Procurement, Plant Manufacturing, Commercial, and Logistics teams.
- Lead the monthly performance review meetings and present to regional finance directors with an extensive summary of the manufacturing COGM, manufacturing variance, material variance, and price variance.
- Participated in the creation of a standard report for the inventory reserve calculations.
Finance Executive
ITC Ltd
Mumbai
11.2010 - 12.2015
- Implementation of standard operating practices (SOPs) at various third-party plants, and implementation of the systems for better control over the operations from the commercial point of view.
- To ensure the implementation of the clauses of the manufacturing agreement at the plant.
- Assisting in the standard costing process.
- Calculations and analysis of the material variance on a periodic basis report the major deviations in material consumption to the manufacturing team, managing physical stock-taking at the third-party plants, based on which monthly cost closing is done, and various variance reports are made.
- Calculation of the yields of RM and PM for the month, and processing the conversion bills of the third party.
- Preparation of the various reports and reporting them to the head office, some on a daily basis and some on a monthly basis.
- Working out the supply chain plans for the units on a yearly basis, coordinating with the procurement team for the strategy of the storage and purchase of the raw materials required for running continuous operations.
Education
MBA - Finance
Pune University
07-2010
Skills
- Financial analysis
- Forecasting techniques
- Budget planning
- Data visualization
- Risk assessment
- Reporting standards
- Business Performance Analysis,
- Financial Reporting
- Trend Analysis
- Variance Analysis
- System Integration
- Project Management
- Headcount planning
- Financial modeling
- Cost accounting
Timeline
Senior Business Financial Analyst
General India Private Limited
09.2021 - Current
Senior Financial Analyst
Colgate Global Business Services Pvt Ltd
12.2015 - 09.2021
Finance Executive
ITC Ltd
11.2010 - 12.2015
MBA - Finance
Pune University
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