Summary
Overview
Work History
Skills
Timeline
Generic

Muthukumar MV

Coimbatore

Summary

Results-oriented Finance Professional with extensive experience in financial analysis and cost management and in partnering with cross-functional teams to drive financial performance and strategic decision-making within the manufacturing sector. Proficient in SAP system, financial analysis, product costing, Inventory valuation, and variance analysis. Demonstrated expertise in providing actionable insights and recommendations to senior management to optimize business operations and enhance profitability. Experienced in liaising with technology teams to resolve issues and validate reports. Dedicated to continuous improvement and leveraging data-driven approaches to support organizational goals.

Overview

6
6
years of professional experience

Work History

Finance Controller

Jandia Engineering Private Limited
Coimbatore
07.2024 - Current
  • Developed annual budgets, quarterly forecasts, and financial models to aid decision-making.
  • Led cost analysis projects, focusing on reducing manufacturing costs, and improving margins.
  • Managed product costing, including labor, overhead, and material cost allocation, ensuring accurate pricing and profitability analysis.
  • Oversaw inventory valuation, managed excess and obsolete inventory, and coordinated physical inventory counts.
  • Designed and implemented internal controls to safeguard assets, improve process efficiency, and reduce financial risk.
  • Collaborated with manufacturing, engineering, and operations teams to align financial goals with production objectives.

Head-Finance, People & Process

Laymen Agro Ventures Private Limited
Coimbatore
02.2023 - 06.2024
  • Implemented a comprehensive financial strategy to optimize cash flow and reduce cost, resulting in a 30% reduction in burn over a 6- month period
  • Developed and maintained strong relationships with external stakeholders, including investors and financial institutions, to secure funding and facilitate business expansion initiatives
  • Streamlined financial reporting processes by implementing new software systems, resulting in a 60% reduction in processing time and improved accuracy of financial data
  • Led a team of financial analysts in developing and implementing strategic financial plans to drive company growth and profitability
  • Developed strategic plans by analyzing market trends, identifying opportunities, and assessing risks
  • Led the ERP and Mobile application development project of the company
  • Implementation of SOPs for all the functions of the company

Executive-Finance

L&T Valves Limited
Coimbatore
07.2020 - 01.2023
  • Undertook the process of 100% physical inventory verification for a $450 million inventory
  • Implementation of internal controls and dynamic reports on SAP systems
  • Computation of Non-Moving Inventory provision and Cost or Net Realizable Value (NRV) on a monthly basis as per the policy laid down and passing of entries
  • Month-end overhead workings and cost run
  • Responsible for inventory accounting and valuation for Coimbatore, Kancheepuram, Jamnagar, Houston (USA), and Jubail (Saudi) plants
  • Handling internal, stock, and external auditors with regard to the audit of financial statements and day-to-day affairs
  • Conducted risk assessments for significant business decisions, providing valuable insights into potential outcomes and impacts on bottom-line results
  • Improved internal controls by developing and implementing policies to mitigate potential risks
  • Championed process improvement initiatives to continuously improve the efficiency and effectiveness of finance operations
  • Increased profitability by identifying cost-saving opportunities and implementing process improvements
  • Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthrough for compliance with documented processes

Management Trainee

Messer Cutting Systems India Private Limited
Coimbatore
12.2018 - 07.2020
  • Preparing the Cost audit reports of 1.7 billion Turnover Company for the FY 18-19 and 19-20
  • Analyzing manufacturing operations, equipment availability and utilization
  • Inventory account reconciliation and non-moving analysis
  • Validations of production BOMs
  • Analyzing, monitoring, and assisting with the Machine hour rates and control of labor efficiency variances
  • Facilitated process improvements within finance department by identifying inefficiencies and proposing solutions
  • Conducted regular variance analysis between budgeted targets and actual results to identify potential areas of concern or opportunity for improvement
  • Created financial dashboards to provide insights into key performance indicators
  • Assisted in ERP migration from Goodbooks to Infor LN

Forex Summer Intern

DBS Bank India Limited
Tiruppur
  • Responsible in preparing Credit requests and submitting the statements relating to Foreign Currency and the Inter-Branch credit advice to the head office
  • Responsible in performing retrospective sanctions screening for inward EFT and outward clearing

Skills

  • Product costing
  • Transfer pricing
  • Communication Skills
  • Internal control management

Timeline

Finance Controller

Jandia Engineering Private Limited
07.2024 - Current

Head-Finance, People & Process

Laymen Agro Ventures Private Limited
02.2023 - 06.2024

Executive-Finance

L&T Valves Limited
07.2020 - 01.2023

Management Trainee

Messer Cutting Systems India Private Limited
12.2018 - 07.2020

Forex Summer Intern

DBS Bank India Limited

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