NAGESHWARAN

Cost Accounting & Management: Spearhead the preparation and analysis of product costing, including direct materials, labor, and overhead costs

• Monitor cost performance and provide recommendations to management regarding pricing and cost control
• Variance Analysis: Perform monthly and quarterly variance analysis, offering insights into discrepancies and recommending corrective actions
• Report results to senior management, ensuring financial targets are met
• Budgeting & Forecasting: Lead the budgeting process, collaborating with departments to develop realistic budgets and accurate forecasts, supporting long-term strategic planning
• Process Optimization: Reduced production costs by 10% through cost-saving initiatives and streamlined cost reporting by automating data extraction, reducing reporting time.
• ERP System Implementation: Managed the smooth migration to Oracle Fusion ERP, ensuring cost data integration and staff training for improved financial reporting accuracy
• Audit & Internal Controls: Support internal and external audits by providing cost-related documentation and ensuring compliance with internal controls
• Key Achievements: Implemented cost-saving strategies resulting in a 10% reduction in production costs
• Streamlined reporting processes, saving 20% in time spent on data analysis and reporting

• Team Leadership: Led a team of 4 finance professionals, overseeing day-to-day financial operations and fostering a culture of continuous improvement
• Software Implementation: Successfully implemented accounting and HR software, improving reporting efficiency and accuracy
• Taxation & Compliance: Managed GST and income tax compliance, ensuring all filings were timely and accurate
• Cash Flow & Planning: Optimized cash flow management, contributing to the financial stability of the startup
• Key Achievements: Led the implementation of accounting and HR software, improving reporting efficiency and data accuracy
• Optimized cash flow management, enhancing operational flexibility

• Bank Payments & Accounts Payable: Ensured timely payments and accurate transactions in the bank payments and accounts payable processes
• Fixed Assets Management: Managed the lifecycle of fixed assets, ensuring accurate depreciation and disposal reporting
• Trade Finance & Inventory: Assisted in trade finance processes (LC, BG, and foreign payments) and managed inventory accounts to ensure proper cost allocation
• Key Achievements: Improved fixed asset reporting accuracy and contributed to inventory management process optimization