NAVEEN AGARWAL
Rohini
Summary
- Targeting leadership role in Accounts Payable, Credit Control & Treasury with an organization of repute
- A dynamic professional with over 20 years of diverse experience in Credit Controls, Financial Planning & Analysis, and various facets of financial management within Manufacturing, Automobile, and Consumer Durables industries.
- Hands on experience in strengthening the Credit Controls / Revenue Accounting / Dispute resolutions that ensured reduced delinquencies and improved operational efficiencies
- Proficient in managing Accounts Payable (AP) processes, fostering vendor relations, and ensuring accurate processing of invoices, purchase orders, and payment transactions.
- Spearheading gamut of activities entailing OTC, Corporate Sales Accounting Control, Fund Management System Control, Internal Audit, AR Control, Accounts Payable, Scheme Management, and so on
- Demonstrated leadership in managing the Channel Finance program with 3 Nationalized Banks, optimizing financial resources and enhancing operational efficiency.
- Possesses extensive knowledge of SAP S/4 HANA & ECC 7, ECC 6 with FI & SD Modules, including hands-on experience in migration from SAP ECC to S/4 HANA and customization of reports, serving as a proficient Power user of SAP.
- Custodian of financial analysis, internal & regulatory reporting, accounting operations, budgeting & forecasting that led to long-term cost savings and improved profitability & productivity.
- A team player & a leader with excellent numeric competency, analytical and problem-solving skills
Overview
21
21
years of professional experience
Work History
AGM - Finance
Exide Energy Solutions Limited
Bengaluru
04.2023 - Current
- Company Overview: 100% subsidiary of Exide Industries Ltd, first EV cell manufacturing plant of India
- Website: [not provided]
- Lead and manage the finance team, providing guidance, training, and performance evaluations
- Foster a positive and collaborative team environment
- Ensure the team's adherence to deadlines and accuracy in achieving the goals
- Oversee the end-to-end accounts payable processes, from receiving and verifying invoices to processing payments and recording transactions
- Ensure invoices are reviewed, validated, and approved according to company policies and internal controls
- Supervise payment runs, ensuring timely payments to vendors and suppliers while adhering to payment terms and managing cash flow
- Develop, implement various SOPs and maintain efficient accounts payable process and procedure
- Streamline invoice approval workflows to enhance efficiency by reducing the processing time (No delay)
- Closely engaged with cross functional team to forecast cash needs and optimize payment schedules
- Assess and mitigate risks associated with vendors and suppliers by verifying credentials and conducting regular reviews
- Generate regular reports on financial activities, including aging reports and cash flow projections
- Prepare AP records and reports for audits and ensure compliance with financial regulations, company policies and SOX
- Oversee the preparation and submission of accurate and timely deposit and returns of government dues & compliances
- Collaborate with internal and external auditors during audits
- Continuously seek ways to improve processes, enhance efficiency, reduce errors, and maintain compliance with financial regulations
- Identify opportunities for process improvement and automation
- Work with IT and finance teams to implement or upgrade AP software, ensuring efficient and streamlined workflows
- Stay updated on industry best practices and implement changes as needed to enhance efficiency
- Work with procurement and other departments to streamline the purchase-to-pay process
- Reviewing credit limits periodically to keep up with dynamic business changes as per company credit policy for 2500+ customers; undertaking Credit analysis of high-ticket size customers; raising flags to management in case of delinquency
- Drove the Credit department of INR 2500 Cr by maintaining healthy receivables with least provisions (0.003%)
- Timely review of SOP to ensure robust business controls and compliance to maintain healthy DSO of 28 days
- Reviewing with seniors, Financial and Management Reports (Monthly MIS, Forecast, Budget, Variance Analysis)
- Processed and reviewed high volume of invoices weekly, ensuring compliance with internal policies and timely payment
- Contributed to the rollout of a new AP policy that decreased duplicate payments and increased transparency in transactions
- Identified process bottlenecks and proposed solutions that reduced invoice processing time by 7 days & improved data accuracy
- Liaising with Internal and Statutory auditors for smooth closure of all LR and annual audits
- 100% subsidiary of Exide Industries Ltd, first EV cell manufacturing plant of India
- Website: [not provided]
- Bagged National Award for Automation of Payment Reminder and Auto-mailer of Credit Notes from CEO
- Rewarded with the 'Hands-on Expert' Award by MD of an organization
- Received 'SPOT AWARD' 8 times across the tenure for showcasing exemplary performance
- Practice stringent credit controls, resulting in no bad debts during Covid-19 pandemic
- Cross-Functional 'National Award' for automation of Credit Management implementation in SAP by MD
Manager - Finance
Valvoline Cummins Private Limited
Gurugram
02.2013 - 04.2023
Asst. Manager (Accounts & Finance)
Videocon Industries Ltd.
Gurgaon
06.2010 - 02.2013
Finance Officer
Subros Ltd.
New Delhi
05.2007 - 05.2010
Executive (Accounts & Finance)
Bhartia Industries Ltd.
Faridabad
01.2005 - 04.2007
Accounts Executive
SVIL Mines Ltd.
New Delhi
02.2004 - 12.2004
Education
MBA - Finance
Sikkim Manipal University
10-2016
B.Com. -
Burdwan University
West Bengal04-2001
Skills
- SAP S/4 HANA
- SAP ECC 60
- SAP ECC 50
- FI
- SD
- MM
- Oracle
- MS Office
- Advanced Excel
Accomplishments
- Bagged National Award for Automation of Payment Reminder and Auto-mailer of Credit Notes from CEO
- Rewarded with the 'Hands-on Expert' Award by MD of an organization
- Received 'SPOT AWARD' 8 times across the tenure for showcasing exemplary performance
- Practice stringent credit controls, resulting in no bad debts during Covid-19 pandemic
- Cross-Functional 'National Award' for automation of Credit Management implementation in SAP by MD.
Languages
- English
- Hindi
- Bengali
Personal Information
- Date of Birth: 03/25/80
- Gender: Male
Languages
English
Proficient
C2
Hindi
Proficient
C2
Timeline
AGM - Finance
Exide Energy Solutions Limited
04.2023 - Current
Manager - Finance
Valvoline Cummins Private Limited
02.2013 - 04.2023
Asst. Manager (Accounts & Finance)
Videocon Industries Ltd.
06.2010 - 02.2013
Finance Officer
Subros Ltd.
05.2007 - 05.2010
Executive (Accounts & Finance)
Bhartia Industries Ltd.
01.2005 - 04.2007
Accounts Executive
SVIL Mines Ltd.
02.2004 - 12.2004
MBA - Finance
Sikkim Manipal University
B.Com. -
Burdwan University