Piyush Verma
Manager Finance: FP&A
Kolkata
Summary
To be the quintessential of the commercial field. I believe in hard as well as smart work thus adding value to the organization and myself. My long-term aim is to be a part of the top tier organization of the firm.
Chartered Accountant with 5 years of rich post-qualification experience in the Indian FMCG industry, offering a strong background in Financial Accounting, Business Finance, Financial Planning & Analysis, MIS Reporting, Internal Controls and System & Process Audit.
Overview
8
8
years of professional experience
3
3
years of post-secondary education
Work History
Finance Manager - FP&A
ITC Limited
06.2023 - Current
- Responsible for Planning and MIS of the division, monthly financial reporting, Channel wise discount analysis, margin movements insights, and related aspects for cross functional stakeholders, top management, and CEO.
- Prepared the 5 years Plan financials, short-term projections including business outlook aligned with key brand strategies, underlying key assumptions on Pricing Actions, Channel wise Discount, Cost assumptions, etc.
- Led various Business performance reviews with CMC, CFC, CEO, providing in-depth profitability analysis, brand and category performance, margin analysis, Variance analysis, & related aspects.
- Led the SAC Analytics Automation project to go-live, Streamlined MIS reporting and enhanced data accessibility. Analyzed e-com channel on SAC to provide strategic insights w.r.t Sales & Contribution at an account & SKU level.
- Delivered timely estimated contribution for new SKUs, price changes, new launches, formulation changes, with margin impact analysis across different brand and categories.
- Engaged in periodic discussions with stakeholders regarding monthly financials, variance analysis, key contribution drivers, and what-if scenarios to improve financial outcomes.
Business Finance Manager
ITC Limited
07.2020 - 06.2023
- Analyzed Business Processes across multiple divisions of ITC to identify value creation opportunities, mitigate risks, strengthen controls, and ensure ownership across different aspects of financial statement.
- Identified gaps and recommended improvements in marketing incentives area through Cash and Non-Cash packaging inserts.
- Outlined system deficiencies related to the merchandising audit process of retail outlets, addressing issues related to awarding corresponding loyalty points.
- Involved in revamp of Corporate Policies to be implemented across the Company including Comprehensive understanding of all business operations along with the underlying SOPs, Corporate Accounting System and Policies, Corporate Governance, etc.
- Served as audit field senior for a team of 10+ CAs, overseeing work allocation, reviewing findings, anchoring audit finalizations, and presenting key results to senior management for logical closure.
- Monitored the implementation of audit recommendations, ensuring that corrective actions were taken, and improvements sustained across divisions.
Articled Assistant
M/s Lodha & Co.
03.2017 - 04.2020
- Company Overview: Kolkata
- Performed all phases of statutory audits procedures for listed entities like Electrosteel Steels limited (Vedanta Group), McLeod Russel's, Peerless Hotel Group.
- Responsible for major areas - Fixed Assets, Revenue from operations, Trade receivables, Freight, Debtors aging analysis, and related aspects.
- Assisted in limited reviews for listed clients.
- Checked and reported compliance with requirements of Accounting Standards & Indian Accounting Standards.
- Kolkata
Education
CA - undefined
ICAI
12.2015 - 05.2019
B. Com (H) - undefined
Goenka College of Commerce and Business Administration
KolkataHigher Secondary - undefined
A.D.S.V.M School
BhagalpurSecondary - undefined
S.K.P Vidya Vihar
BhagalpurSkills
Financial Accounting
Accomplishments
- District Topper & among the top 10 state toppers in class XII examination.
- Awarded the 'Spot Recognition Award' for successfully implementing and go-live of SAC Analytics for the personal care division.
- Nominated for 'ITC Future leadership program' by the division held at Kolkata.
Timeline
Finance Manager - FP&A
ITC Limited
06.2023 - Current
Business Finance Manager
ITC Limited
07.2020 - 06.2023
Articled Assistant
M/s Lodha & Co.
03.2017 - 04.2020
CA - undefined
ICAI
12.2015 - 05.2019
B. Com (H) - undefined
Goenka College of Commerce and Business Administration
Higher Secondary - undefined
A.D.S.V.M School
Secondary - undefined
S.K.P Vidya Vihar
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