Pawan K Verma
Bengaluru,KA
Summary
Finance Leader with over 13 years of experience in Business Finance, Reporting & Controlling, Corporate Finance and Supply Chain Finance. Adept at leading financial operations, optimizing profitability, and driving business growth. Expertise in FMCG, Manufacturing, Retail & E-Com sectors.
Overview
17
17
years of professional experience
14
14
years of post-secondary education
1
1
Language
Work History
Lead - Supply Chain Finance
Reliance Consumer Products Limited
04.2024 - Current
- Leading Manufacturing Finance of FMCG Vertical with current size of INR ~ 1000 Crs managing a team of 7 members across 60 plus co-manufacturers
- Co-Anchoring capacity creation & capex execution, ROI optimisation of Investments
- Monitor and control production costs, material usage, labour, and overheads to optimize profitability
- Ensure adherence to internal controls, financial policies, and regulatory requirements
- Lead budgeting, forecasting, and financial reporting for manufacturing operations
- Provide financial insights to manufacturing leadership to support investment decisions, costsaving initiatives, and operational improvements.
Lead - Business Finance
Jiomart Marketplace
04.2023 - 03.2024
- Finance Lead in partnering & driving growth and strategy of emerging businesses viz Fashion & Lifestyle & General Merchandise for marketplace operations (INR ~ 1200 Crs)
- Develop business strategy & drive key indices on Channel expansion, Market share & Margin, Profitability & Net Working capital optimisation
- Drive and support preparation of annual budgets & strategic plans
- Partner Channel expansion & comprehensive life cycle management of sellers
- Anchor periodic book closure of the BU and drive profitability levers through improvements in Pricing, COGS, Affordability, Collection, delivery costs and refinement in COPE
- Roll out policies/ procedures & strengthen BU financial controls
Financial Controller
Reliance Digital - Private Label
04.2021 - 03.2023
- Joined the business as Finance Lead at an incubation stage & partnered in topline growth from INR 200 Crs to INR 2500 Crs in a tenure of 2 years. (Team Size - 12 Nos)
- Managed financial operations of the BU, ensuring accuracy in financial reporting and compliance with regulatory standards
- Developed and managed budgets, forecasts, and financial models to drive business growth and cost efficiency
- Monitored cash flow, working capital, and financial risks to enhance operational stability
- Implemented internal controls to strengthen financial governance and reduce risks
- Closely worked with leadership on business & profitability drivers & measures. Few include Network expansion, TAM, Path to profitability etc
- Anchored Planning, budgeting and Financial reporting cycles comprising of Annual AOP, Monthly Sales Plan, Periodic book closure, Preparation & presentation of P&L, Balance sheet and Cash flows statements to senior management
- Key stakeholders management (External Bankers/Auditors, Central functions - Tax, Insurance etc)
Business Finance Manager
Marico Limited
04.2020 - 03.2021
- Handled FP&A/Business Finance of Saffola Category comprising of Edible Oils and Foods (INR - 1800 Crs).
- Preparation & presentation of Annual business plans & budgets, periodic rolling forecasts & variances and ensuring that brand/channel/category profitability is achieved as per plan
- Shadow P&L and competition benchmarking, Partner Sales/Marketing/Supply Chain/R&D in successful & timely launches of NPDs
- Appraisal of Capital expenditure proposals and payback monitoring
- Monthly preparation of material ledger, variance analysis on Margins (Volume/Mix/Price), operational costs and anchoring overall P&L reviews
- Monitoring & performance evaluation of Trade/Consumer budgets
- Driving Annual optimisation initiatives with cross functional teams across Procurement, Manufacturing and Sales
Divisional Commercial Manager
Marico Limited
04.2018 - 03.2020
- Sales & Supply Chain commercial operations of South India Region with annual size of ~ 2000 Crs (Channels - GT & MT)
- Manage AR of the region across 500+ Channel partners by strengthening credit controls & comprehensive partner life cycle management. Driven Channel Finance adoption to secure receivables.
- Review, monitor and strengthen adequate controls on Inventory, Receivables and Operational/Overhead Costs
- Monitor & control supply chain budgets towards warehousing & logistics (Middle/last mile)
- Driven multiple automation initiatives in Field Force claims, Channel Payouts, Logistics etc
- Annual budgeting, Forecasting, Financial reporting & stakeholder management (Auditors, Commercial authorities, External vendors)
Factory Commercial Manager
Marico Limited
04.2016 - 03.2018
- Responsible for Manufacturing Commercial, Engineering Stores of Edible Oil Factory & 10 Job workers (~ INR 1500 Crs)
- Budgeting and tracking of Plant conversion cost, Operation & variable overheads, Cash spending plan
- End to end accounting of 3P operations, P2P, Fixed assets & Inventory management
- Long term capacity planning
- Co-piloting with Manufacturing teams for increasing operational efficiencies across Plant & Job work operations
- Formulate ZBB costing for Conversion charges & drive optimization/COPE initiatives
- Handling assessment and litigation on Indirect taxes, strengthen Commercial Scorecard, Internal controls, IFC etc
Internal Audit Manager
ITC Limited
04.2012 - 03.2016
- Joined as a Management Trainee & posted in Corporate Internal audit. Carried out impactful assignments across various businesses of ITC leading teams of 2-5 Chartered Accountants. (Also covered brief stint on procurement finance in Agri business division)
- Businesses covered: Printing & Packaging, Tobacco & Leaf Tobacco, FMCG, Information technology, Hotels, Paper Boards & Speciality paper, Green field projects
Associate/Intern (Assurance, MAS & Taxation)
BDO/PKF India
04.2008 - 03.2012
Education
CA -
05.2011 - Current
Skills
Teamwork and collaboration
Problem-solving
Multitasking
Dependable and responsible
Professional Brief
Finance Leader with over 13 years of experience in Business Finance, Reporting & Controlling, Corporate Finance and Supply Chain Finance. Adept at leading financial operations, optimizing profitability, and driving business growth. Expertise in FMCG, Manufacturing, Retail & E-Com sectors.
Timeline
Lead - Supply Chain Finance
Reliance Consumer Products Limited
04.2024 - Current
Lead - Business Finance
Jiomart Marketplace
04.2023 - 03.2024
Financial Controller
Reliance Digital - Private Label
04.2021 - 03.2023
Business Finance Manager
Marico Limited
04.2020 - 03.2021
Divisional Commercial Manager
Marico Limited
04.2018 - 03.2020
Factory Commercial Manager
Marico Limited
04.2016 - 03.2018
Internal Audit Manager
ITC Limited
04.2012 - 03.2016
CA -
05.2011 - Current
Associate/Intern (Assurance, MAS & Taxation)
BDO/PKF India
04.2008 - 03.2012