Nagesh Animela

• Analyzed companies' costing module in ERP (SAP) to check for any gaps that prevent capturing accurate cost of production.
• Handled preparation & review of financial statements, alongside handling successful internal & external audits. Also ensured compliance with SEBI regulatory norms during quarterly filing.
• Enhanced existing MIS reports functionality by integrating additional management reports to evaluate machine efficiency, inventory ageing analysis, Input Output (IPOP), and conversion cost analysis.
• Facilitated consistent and effective monitoring of non-operational costs via successful implementation of Budget Control System on SAP.

• Organized monthly meetings with divisions and subsidiary company teams to foster data accuracy, implement effective tracking mechanisms for costs, ensure standardized production procedures, and conduct thorough inventory audits.

• Ensured accurate financial reporting by diligently adhering to Ind AS norms while recording expenses, prepaid items, provisions, assets, and liabilities during monthly and yearly book closures.
• Assisted central accounting team with year-end closure of books by preparing financial statements and notes to accounts relating to manufacturing plant.
• Prepared regular cost reports on monthly, quarterly, and annual basis to highlight material cost , overhead cost variances.
• Cost Planning and Cost Reduction on a monthly/ yearly basis in coordination with Production teams, fixing KPI Targets for multiple teams and reviewing and reporting the performance of Factory level to Top Management on a monthly basis ensuring corrective actions for improvement.
• Ensured accuracy and consistency in measuring cost of products produced by assisting with SAP consultants in development and maintenance of standard costing systems.
• Responsible for preparing annual budget, estimating monthly forecasts, tracking actual costs, and delivering comprehensive variance analysis reports to management.
• Evaluated and analyzed costs associated with manufacturing operations, covering materials, labour, and overhead expenses.

• Assisted audit team in examining and verifying the accuracy of financial statements, including the balance sheet, income statement, cash flow statement and notes to accounts.
• Applied a range of audit techniques, such as vouching, tracing, and cutoff testing, to verify the legitimacy of transactions.
• Developed accurate audit work papers to meet the requirements of statutory auditing, accounting, and legal guidelines.
• Involved in audit of various clients like Krones, Fishbowl Inc., Akshaya Patra Foundation, Inventus Fund, Biocon, Salarpuria Sattva developers, Antuit, HUL, etc.