SAP Implementation
Magesh Thangaraj
Finance HOD
Chennai
Summary
Finance professional with deep expertise in financial strategy, analysis, and risk management. Proven ability to drive financial health and operational efficiency through robust budgeting and forecasting. Strong focus on team collaboration and delivering impactful results. Adept at navigating dynamic business environments with adaptability and reliability.
Overview
26
26
years of professional experience
Work History
Manager
Hyundai Transys Lear Automotive India Private Limited
04.2011 - Current
- Led department strategy development to align with organizational goals and drive performance improvements.
- Managed cross-functional projects, collaborating with stakeholders to enhance service delivery and client satisfaction.
- Championed change initiatives that resulted in improved workflow processes, increased productivity, and cost savings.
- Implemented data-driven decision-making processes to enhance operational efficiency and optimize resource allocation.
- Managed budgets, resources, and timelines effectively to ensure the successful completion of all projects.
- Successfully managed budgets and allocated resources to maximize productivity and profitability.
- Developed comprehensive policies and procedures for managing risks associated with departmental activities while adhering to regulatory requirements.
- Analyzed departmental performance metrics to identify areas for improvement and implement strategic initiatives.
- Developed comprehensive policies and procedures for managing risks associated with departmental activities efficiently while adhering to regulatory requirements as applicable.
- Mentored and developed staff, fostering a culture of continuous learning and professional growth within the department.
- Facilitated regular team meetings to promote communication, share updates, and address challenges proactively.
- Improved overall financial reporting by streamlining control processes and reporting structures.
Deputy Manager of Finance
Colour Plus India , Raymonds Group
12.2010 - 03.2011
- Streamlined financial reporting processes, enhancing accuracy and reducing close cycle times.
- Conducted system audits to ensure compliance with financial regulations and internal controls.
- Collaborated with cross-functional teams to integrate SAP solutions within existing enterprise systems.
- Mentored junior consultants on SAP FICO functionalities and best practices for system optimization.
Deputy Manager of Finance
Dymos Lear Automotive India Private Limited
04.2007 - 12.2010
- Led financial forecasting and budgeting processes to optimize resource allocation.
- Implemented cost control measures, enhancing operational efficiency across departments.
- Streamlined reporting procedures, improving accuracy and timeliness of financial statements.
- Analyzed financial performance data to identify trends and mitigate risks effectively.
- Developed training programs for staff on compliance regulations and best practices in finance management.
- Oversaw audit processes, ensuring adherence to internal controls and regulatory requirements.
- Established solid relationships with external partners including banks, auditors, vendors, and clients to support business objectives.
- Led the annual budgeting process, involving department heads in setting realistic targets aligned with organizational goals.
- Optimized cash flow management, leading to improved liquidity for the organization.
- Supported year-end audits by preparing physical and digital records for review.
Senior Executive Officer
Schefenacker Motherson Limited
11.2004 - 04.2007
- Led cross-functional teams to enhance operational efficiency and streamline workflows.
- Developed and implemented strategic initiatives to improve organizational performance and drive growth.
- Oversaw project management processes, ensuring timely delivery and adherence to quality standards.
- Mentored junior staff, fostering professional development and enhancing team capabilities.
- Analyzed market trends to inform strategic decision-making and align business goals with customer needs.
- Collaborated with stakeholders to optimize resource allocation and improve cost-effectiveness across departments.
Accountant
Munoth Industries Private Limited
12.2001 - 11.2004
- Managed accounts payable and receivable processes to ensure accurate financial reporting.
- Reconciled bank statements and performed monthly close procedures for financial accuracy.
- Assisted in preparing financial statements and reports for management review.
- Conducted internal audits to ensure compliance with financial regulations and policies.
- Assisted with monthly and quarterly income statements, balance sheets and cash flow reports to inform decision-makers.
Junior Accounts Assistant
SIP Industries Limited
08.2000 - 12.2001
- Processed invoices and expense reports, ensuring accuracy and compliance with company policies.
- Supported month-end closing activities by reconciling bank statements and preparing journal entries.
- Collaborated with team members to streamline accounts payable processes, enhancing overall efficiency.
Education
MBA - Accounting And Finance
Madras University
Chennai 04.2001 -
Bachelor of Arts - B.Com
Guru Nanak College
Madras University Chennai 04.2001 -
Skills
Mergers and acquisitions experience
Analytical and critical thinking
Business process improvement
ERP system implementation
Cash flow management
Financial risk management
Working capital management
Auditing procedures
Internal controls implementation
Corporate governance
Cost reduction strategies
Expense management techniques
Financial statement preparation
Cross-functional team leadership
Financial reporting and analysis
Audit coordination
Compliance monitoring
KPI tracking
Accomplishments
- Secured a favorable resolution for a ₹100 Crore GST case, achieving a complete closure with zero demand orders and eliminating significant potential financial liabilities.
- pearheaded the establishment of a new branch and optimized investment management strategies, successfully implementing robust policies and internal controls to enhance operational efficiency and risk mitigation.
- Played a pivotal role in major ERP transformations, contributing to the initial ERP implementation in 2008 and leading the strategic migration to SAP HANA in 2024, ensuring seamless digital continuity and system modernization.
- Managed and resolved complex litigation across both direct and indirect taxation, effectively minimizing legal exposure and safeguarding the organization’s financial interests.
Software
Timeline
Manager
Hyundai Transys Lear Automotive India Private Limited
04.2011 - Current
Deputy Manager of Finance
Colour Plus India , Raymonds Group
12.2010 - 03.2011
Deputy Manager of Finance
Dymos Lear Automotive India Private Limited
04.2007 - 12.2010
Senior Executive Officer
Schefenacker Motherson Limited
11.2004 - 04.2007
Accountant
Munoth Industries Private Limited
12.2001 - 11.2004
MBA - Accounting And Finance
Madras University
04.2001 -
Bachelor of Arts - B.Com
Guru Nanak College
04.2001 -
Junior Accounts Assistant
SIP Industries Limited
08.2000 - 12.2001