Nitesh Kumar
Senior Finance Professional with 16 years of comprehensive experience in Financial Planning and Analysis, including budgeting, forecasting, financial modeling, and strategic planning. Proven track record of driving financial performance, optimizing processes, and delivering data-driven insights to support business decision-making. Adept at leading cross-functional teams and managing complex financial projects in dynamic environments.
Thane,Maharashtra
Summary
Senior Finance Professional with 16 years of comprehensive experience in Financial Planning and Analysis, including budgeting, forecasting, financial modeling, and strategic planning. Proven track record of driving financial performance, optimizing processes, and delivering data-driven insights to support business decision-making. Adept at leading cross-functional teams and managing complex financial projects in dynamic environments.
Overview
17
17
years of professional experience
Work History
Senior Manager Financial Planing and Analysis
Allcargo Logistics Limited (NOVCC Business International Division)
07.2014 - 08.2021
- anaMfinancial planning and analysis function, managing a budget of 20,000 Cr and ensuring alignment with the company's strategic goals.
- Managed a team of financial analysts, providing mentorship and guidance, resulting in improved productivity and professional development.
- Drove strategic planning efforts by evaluating business performance metrics and identifying trends for informed decision making.
- Led annual budgeting process from start to finish, ensuring alignment with company objectives while maintaining fiscal responsibility.
- Increased efficiency in budgeting processes by implementing innovative forecasting techniques and methodologies.
- Conducted regular reviews of financial results against targets, identifying variances and recommending corrective actions when needed to meet goals.
- Streamlined financial reporting procedures for improved accuracy and timeliness of data delivery to stakeholders.
- Supported financial director with special projects and additional job duties.
- Created financial dashboards to provide insights into key performance indicators.
- Utilized financial software to prepare consolidated financial statements.
Lead Financial Planning & Analysis
Sistema Shyam Teleservice LTD (MTS) Karnataka Circle
01.2014 - 07.2014
- Analyzing financial validation of new product launch and variances with post launch
- Preparation of all daily, Monthly and Quarterly Management reports
- Preparation of Annual Operating Plan and Monthly Flash & Forecast for the business
- Constant monitoring of actual vis-à-vis rolling plans and thereby highlighting variances for opportunities areas
- Analyzing key KPI indicators to enable revenue maximization and cost control measure
- Profitability analysis based on Customer, Product, Site, Zone etc
- Cost Planning involves Analysis of Cost Items & identifying opportunities for Cost Optimization
- Carry out feasibility analysis of various Capex proposals
- Provide strategic analysis based on pricing models and tools to define pricing strategies
- Pricing decision for New Product
- Prelaunch vs
- Post Launch Analysis of New Product (target vs
- Actual achievements)
- Driving strategies for retention of customer
- Zonal P&L.
Assistant Manager Finance, account and Financial Planning, & Analysis
Aircel Limited
06.2012 - 12.2013
- Generate periodic MIS in various formats as per business need and respective user requirements
- To proactively provide relevant business data to operating managers to ensure that they understand the financial impact of their operational decision making
- Generate regular reports on the financial stability based on customer wise / product wise profitability reports
- Revenue & SG&A analysis by Product / Channel
- Monitor Key KPIs & ARPU trend and provide insights on the market dynamic
- Coordinated shared service team with for timely process of vendor payment and ensured that proper accounting entries are made based on COA with tax implications like TDS/WCT, etc
- Was involved in the preparation of all audit and Sox related schedules and reports within specific period as per corporate guidelines
- Monthly closing related activity carried out with provisioning for expenses, review of financial statements to track down variances and respond appropriately
- Reviewed GR/IR balances/Advances at regular intervals and ensuring minimum balance/squared off at month ends and ensuring the monthly accounts closing is done timely and accurately
- Handled statutory/Internal & Tax audit
- Coordinated with DOT for closing old pending Audit
- Supervision of PR/PO process, vendor reconciliation, assets & inventory verification
- Calculation and Finalize the CEF/Recharge Commission & Over the Fly Commission
- Calculation and Finalize the Employee Incentive Scheme
- DST Salary for all the channel partners after validation as per the policy
- Resolution of Channel Issues within agreed SLA and getting No claim Certificates signed Quarterly basis.
Senior Executive Finance and accounts
Etisalat DB Telecom (Pvt.) Ltd.
08.2009 - 05.2012
- Prepaid Revenue accounting as per the product notes
- Allocation of revenue to various heads like Airtime recharge fees VAS Rentals STV etc
- Prepaid Activation Revenue Accounting
- Preparing deferment schedule and book the revenue
- IN Server vs GL Reconciliation, Etopup Server vs GL Reconciliation, Market Stock Reconciliation
- Coordination with Regional Finance team for monthly revenue accounting closing
- Coordinated with Statutory Auditors for revenue accounting
- Handled monthly closure of books and ownership of prepaid revenue accounting as well as performed month close provisioning exercise while adhering to timeline
- Compliance of revenue recognition as per policies
- Warehouse management, Exposure to Primary Distributor Billing, collection accounting, invoicing and logistics support for stock movement
- Validation document for new distributor's appointment
- Channel Management & query resolution
- Handled all payables, Receivable, Revenue Accounting for NLD & ILD business
- Monthly bank reconciliation statements of all payable and receivable banks
- Maintaining Zero Customer Balance at month end in ERP
- Completed major Automation Processes like: Oracle 12 ERP Implementation (AR Module, Order Management Module, GL Module), and co-coordinating with the Tech Mahindra team for execution of business requirements.
Senior Executive Finance and Accounts
Tata Teleservice Ltd.
01.2008 - 07.2009
- PCO Commission: Calculation of Activation Commission Recharge Commission FOS Incentive Employee Incentive Scheme and DST Salary (PTB/RTB) for all the channel/Employee partners after validation as per the policy
- Post-paid Commission: Calculation of Activation Commission Target Commission Revenue Share Commission Employee Incentive Scheme and DST Salary for all the channel partners/Employee after validation as per the policy
- Prepaid Commission: Calculation of Activation commission Recharge commission CAF Commission Employee Incentive Scheme and DST Salary for all the channel partners / Employee after validation as per the policy Subsidy to Distributor
- Validate and process the payment of hand subsidy to distributors as per corporate approval note (Prepaid and Postpaid)
- Monthly books closing Ensuring completeness & Accuracy of books Provisioning for Expenses Schedules forming part of the Balance Sheet & Audit Adherence to deadlines for Channel commission
- ACHIEVEMENT: Reconciliation with drive India Solutions for old pending handset subsidy statement form Circle Launch -2005 Contributed in saving of approx
- Rs
- 26.70 Lac
- & 3-time star of the month for the timely settlement of distributors claim.
Head Commercial - Digital Supply Chain Division
Reliance Retail Limited
08.2021 - Current
- Reduced budget variances by implementing effective forecasting models and monitoring actual performance against projections.
- Managed budgets , accounts payable, and general financial reporting procedures.
- Improved team performance by providing comprehensive training and fostering a collaborative work environment.
- Evaluated vendor offerings critically to select the most appropriate partners for delivering desired results at optimal costs.
- Streamlined invoice approval process, reducing time spent on manual tasks while maintaining strict internal controls.
- Reduced late payment penalties by diligently monitoring due dates and prioritizing vendor payments.
- Enhanced financial accuracy through meticulous review and reconciliation of accounts payable records.
- Managed relationships with external vendors, ensuring timely payments and accurate recording of expenses.
- Analyzed and reported on financial data to support business decisions.
- Streamlined monthly closing process, significantly reducing time required for financial reporting preparation.
- Coordinated with cross-functional teams to support strategic planning efforts, providing critical financial insights.
- Established internal audit procedures to validate and improve accuracy of financial reporting.
- Created financial dashboards to provide insights into key performance indicators.
Education
M.B.A -
National Institute Of Research Management And Technology
M.Com - undefined
T.M. Bhagalpur University
B.Com - undefined
T.M. Bhagalpur University
A Level Course in Computer Application - undefined
IGNOU
Skills
Strategic Planning
Talent Development
Operations Management
Resource Allocation
Operations Planning
Data Analytics
Cross-Functional Communication
Personal Information
Date of Birth: 04/05/1984
Languages
English, Hindi and Angika
Bilingual or Proficient (C2)
Software
SAP FI Module
Oracle 11i & R12
BI Systems and worked on various model line SAS BI Qlikview
Timeline
Head Commercial - Digital Supply Chain Division
Reliance Retail Limited
08.2021 - Current
Senior Manager Financial Planing and Analysis
Allcargo Logistics Limited (NOVCC Business International Division)
07.2014 - 08.2021
Lead Financial Planning & Analysis
Sistema Shyam Teleservice LTD (MTS) Karnataka Circle
01.2014 - 07.2014
Assistant Manager Finance, account and Financial Planning, & Analysis
Aircel Limited
06.2012 - 12.2013
Senior Executive Finance and accounts
Etisalat DB Telecom (Pvt.) Ltd.
08.2009 - 05.2012
Senior Executive Finance and Accounts
Tata Teleservice Ltd.
01.2008 - 07.2009
M.B.A -
National Institute Of Research Management And Technology
M.Com - undefined
T.M. Bhagalpur University
B.Com - undefined
T.M. Bhagalpur University
A Level Course in Computer Application - undefined
IGNOU