Summary
Overview
Work History
Education
Skills
Personal Information
Timeline
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MANOJ KUMAR

MANOJ KUMAR

Senior Executive Supply Chain Finance

Summary

Results-oriented Plant Senior Finance Executive with 2+ years of experience in manufacturing finance, specializing in cost analysis, variance analysis, and inventory management, Process improvement, and cost optimization with a focus on delivering actionable insights to plant management. Proven ability to implement cost reduction initiatives, improve operational efficiency, and enhance profitability. Strong track record of leading plant finance teams and driving financial strategy. Expertise in implementing financial controls, managing budgets, and providing insightful financial analysis to support plant management.

Overview

15
15
years of professional experience

Work History

Senior Executive - Supply Chain Finance

Lenskart Solutions Limited
07.2023 - Current

Expenditure MIS

  • Scrutiny of OPEX and CAPEX General Ledger (GL) entries and verifying the accuracy, appropriateness, documentation, compliance and Cost centre of all expenses recorded in the GL related to the plant's operations and investments and ensuring correct classification, proper authorization of OPEX & CAPEX.
  • Preparing, analyzing, and reporting on OPEX & CAPEX data monthly, ensuring financial accuracy to support strategic decision-making related to plant operations & Investments.
  • Developing and maintaining MIS Schedules to track Actual OPEX against budget and projected profit (AOP) to identify trends, and highlight areas of concern via identifying the root causes.

Inventory Management

  • Involved in variance analysis related to inventory, particularly material usage and stock count variances and ensuring accurate valuation of inventory for cost reporting purposes.
  • Overseeing and authorizing the process for disposing of obsolete or damaged items.

Production

  • Assisted in calculating per piece cost of production by tracking and analyzing of all production-related expenses, including Raw materials, Manpower, Packaging Cost, indirect costs like Repair & Maintenance, utilities and other ancillary services etc.
  • Assisted in analyzing the difference between budgeted and actual production costs to identify inefficiencies by investigating the cause of cost overruns for materials, labour, or manufacturing overhead.
  • Assisted in BOM review confirming that the material costs listed in the BOM are accurate and up-to-date.

Collaboration with Cross-functional teams

  • Working directly with plant manager to understand and investigate financial issues like providing RCA for increase in Travel Expenses, Canteen and Bus Expenses, Printer cost and decrease in Recovery from employee of canteen & bus services.
  • Working with Plant managers & and Plant Head to implement cost-saving initiatives and improve operational efficiency.
  • Answering the internal & external auditors queries.

Fixed Assets

  • Preparing and maintaining CWIP Listings with FAR to track Actual CAPEX investments against budgeted to highlight areas of concern via identifying the root causes.
  • Following up with project team to convert Capital Work-in-Progress (CWIP) into fixed assets once they are ready for use.
  • Ensuring that the costs of new fixed assets are properly capitalized and tagged with unique FA Id for tracking.
  • Monitoring, managing and recording interplant transfers of asset through FAMS and recording of Asset disposal in ERP and FAMS.
  • Ensuring adherence to internal financial controls related to fixed assets, preparing fixed asset schedules and reconciliations for management reports and support external audits.
  • Conducting periodic physical verification of all fixed assets to identify and investigate any discrepancies between the recorded assets and the actual assets on hand and taking corrective actions accordingly.


Accomplishments

  • Closed Fixed Assets Capitalization of Rs. 350 crores in Eye wear manufacturing sector.
  • Currently managing CAPEX of four plants of Lenskart, three of them is operational, one under construction.
  • Obtained Final Approval from Statutory Auditor on capitalization of Fixed Assets.
  • I was alone responsible for 1.5 years to manage follow ups related to the Factory finance with other stakeholders of the world’s largest Eyewear manufacturing Factory.
  • Obtained “Ownership in action award” by CFO for perfectly carrying out the duties and responsibilities.
  • Drafted Factory Scrap Clearances SOP and made 100% complaint by all the stakeholders.
  • Prepared Standard Cost and Productivity DATA of Skilled Manpower for Variance analysis.
  • Cultivated the culture of entering and enforcing Service vendor agreements.

Assistant Manager

M/S ADDROIT & ASSOSIATES
12.2021 - 05.2022
  • ITRs along with Computation – Individuals, Partnership Firm,
  • Company Tax Audit – Sole Proprietorship, Partnership Firm,
  • Company Balance Sheet Preparations & Finalization - Sole Proprietorship, Partnership Firm, Private Company
  • Preparation of Legal Deeds – Partnership Deed, Minutes of Board Meetings and related Secretarial Documents.

Freelancing Work

CV & Associates
03.2020 - 03.2021

Worked as SAFETY & HYIGIENE AUDITOR for MMT (MakeMyTrip) hotels like Hyatt Regency etc.

Worked as INVENTORY AUDITOR for HDFC (Stock Audit department) for inventory physical verification of Automotives showrooms.

Article Assistant

K.G.Somani & Co.
02.2011 - 02.2014

During three year of the training period,


  • Carried out Statutory audits in Public Sector Banks, Steel Industry, Tobacco industry which enabled me for an opportunity to have an extensive and in-depth experience of different kinds of accounting and financial systems.
  • Carried out Internal audits in Hotel Industry of Public and private sector, Milk industry ( AMUL, DS Group ), Agricultural industry
  • Carried out Account Maintenance of of public & Private sector entity


Education

CA Final first Group - Accounts, Finance & Company Law

ICAI

CS Inter - Company Law

ICSI

CA - IPCC - Accounting, Taxation & Audit

ICAI

B. Com - Accounting, Costing & Taxation

Lucknow University

Intermediate -

Maharaja Inter College Ayodhya

High school -

D. A. V. Inter college Ayodhya

Skills

    Soft Skills:

    Pursuing DATA Analytics & Power Bi Certification Course,

    Word processing package such as Microsoft Word,

    Spreadsheet packages like Microsoft Excel (Advance),

    Good hand on working on Large DATA set and its in depth analysis,

    P2P Cycle

    ERPs:

    Microsoft - Dynamics 365 (Currently Working),

    IMIS (ORACLE Based), TALLY ERP,

    Hotel industry Software (Excel Based ERP),

    SAP S/4HANA FICO Module (pursuing at Udemy),

    FAMS (Fixed asset Management Software)

Personal Information

  • Date of birth: 07/31/89
  • Nationality: Bharat
  • Marital Status: Married
  • Religion: Santana, Vedic

Timeline

Senior Executive - Supply Chain Finance

Lenskart Solutions Limited
07.2023 - Current

Assistant Manager

M/S ADDROIT & ASSOSIATES
12.2021 - 05.2022

Freelancing Work

CV & Associates
03.2020 - 03.2021

Article Assistant

K.G.Somani & Co.
02.2011 - 02.2014

CS Inter - Company Law

ICSI

CA - IPCC - Accounting, Taxation & Audit

ICAI

B. Com - Accounting, Costing & Taxation

Lucknow University

Intermediate -

Maharaja Inter College Ayodhya

High school -

D. A. V. Inter college Ayodhya

CA Final first Group - Accounts, Finance & Company Law

ICAI
MANOJ KUMARSenior Executive Supply Chain Finance