Summary
Overview
Work History
Education
Skills
PERSONAL DETAILS
Timeline
Generic
Puneet Dwivedi

Puneet Dwivedi

18 Years Post qualification Experience
Faridabad,HR

Summary

Manager- Finance leading divisional financial MIS, budgeting, forecasting, and capex control across parts, service, and R&D operations. Delivers monthly P&L, balance sheet, variance analysis, and audit support through SAP CO/MM/FI, while coordinating with sales, purchase, warehouse, and project teams on cash flow, inventory, and cost decisions. Manages a 2-member team and supports senior management with daily sales and month-end reporting.

Overview

3
3
Languages
9
9
years of professional experience

Work History

Manager- Finance

JCB India Ltd
08.2017 - Current
  • Key Responsibilities: -
  • A) Parts & Service division: -
  • 1) Controller in Parts, Attachment & Service division since Sept’2024 (Team size- 2 members)
  • Financial MIS (Monthly P&L, Balance sheet)
  • Providing single-window business support streamlines operations by resolving daily challenges under one centralized framework.
  • Daily Sales reporting to senior management total daily sales, cumulative Month-To-Date (MTD) sales, and MTD forecast achievement %.
  • Monthly closing activities involve systematically finalizing division's financial records for the period.
  • Preparing, reviewing, and releasing a monthly MIS report for the Parts and Attachments department requires a structured, data-driven approach to track department KPI, align with business targets.
  • Variance analysis compares actual financial performance against Budget (annual baseline) and Forecast (updated projections) to uncover performance gaps.
  • Overhead analysis- Cost centre wise analysis against Budget & Forecast
  • Monthly cost roll-up aggregates current raw material, labor, and overhead rates to establish new standard costs. Analyzing variances between the new standard cost and the previous roll-up
  • Analysis of Bill of Materials (BOM) and cost impact due to change in BOM (Qty & Price ).
  • Accounting view and PR approvals.
  • Inventory valuation and discussion with warehouse team for slow moving and non moving inventory and plan related to this.
  • Regularly interaction with Parts purchase team for cost saving plan (target vs actuals) and new proposal for cost reduction. Discussion with team for any price increase proposal and credit extension to dealer to support sales and recovery of overdue.
  • Analysis of weekly over dues with discussion with sales team for better cash flow management.
  • Verification & approval of monthly sales incentive for Dealer/ Distributors.
  • Preparing monthly Fixed assets register and circulate within division.
  • Monthly capex cash flow and circulate monthly capex forecast (JCB level) for better cash flow management.
  • 2) Budgeting, Forecasting & Capex:-
  • Preparing yearly budget in various scenarios and comparison with last 2 years and discussion with parts head which help finalization of budget.
  • Monthly review and comparison of Budget, Last year, Forecast & Actual.
  • Monthly stock level plan for Budget and Inventory days.
  • Evaluate and approval new capital sanction request with proper justification like IRR/payback analysis
  • Creating new asset and putting budget against fully approved capital sanction request.
  • Handling all audits with in parts division (Statutory/ Internal /Tax audit).
  • B) Controller – R&D Division and supporting to Ballabhgarh plant (Team size -2 members) (Aug’2017 to Aug’2024)
  • 1) MIS, Financial & Controlling
  • Financial MIS (Monthly P&L, Balance sheet)
  • Submission of monthly /YTD financial statement, Variance analysis Actual vs Budget & Forecast.
  • Cost centre wise reporting, Project wise reporting (Budget vs Actual).
  • Material cost analysis including BOM (Current month vs Last month vs Budget)
  • Variance analysis-Trial balance Vs Cost centre wise (Monthly /YTD).
  • MIS review with senior management (Business Head/CFO).
  • Monthly Fixed assets MIS- Plant wise /Cost centre wise (Capital section request status Assets creation, Capitalization of Assets from CWIP, CWIP ageing, Depreciation run & Depreciation schedule, fixed assets register).
  • Retired of Assets, Assets transfer (with in profit centre or other profit centre.
  • Overhead Analysis (Actual vs Forecast) monthly/YTD, circulating cost centre wise/ project wise expense report within division.
  • Product costing (Existing vs New product) & Margin analysis of Existing vs New product based on cost run for Project feasibility.
  • Review Gate wise contribution margin, target cost vs actual cost in each project.
  • Interaction with gate review committee & group finance controller (UK).
  • Closely interaction with project manager about gate wise progress of Project (Budget Vs Actual).
  • Circulating open PR & PO status on Fortnightly basis for better controlling & forecasting.
  • Interaction & responsible to audit activity along with Statutory Auditor (CY & FY) & Internal Auditor.
  • Issue group company invoices & reconciliation between intercompany receivables.
  • Issue bank receipts against intercompany invoices.
  • B) Budgeting, Forecasting & New Project
  • Interaction with members & preparation of CY Project wise budget.
  • Consolidation of Budget (Revenue & Capex ), discussion with business head & decide priorities of projects.
  • Finalization of budget and submission for consolidation purpose.
  • Circulate budget to (Full year /Monthly) respective project manager for better planning.
  • Putting project wise budget into SAP for better control & Project wise accounting.
  • Getting & review monthly forecast with project managers about its plan of expenditures.
  • Review on monthly basis & reasons for increase/ decrease of cost as per plan.
  • Closely monitor related to project status (Plan Vs Actual).
  • New project cost calculation with project manager along with standard format during the year.
  • Trained people to get standard report in SAP as per requirement.
  • Organization - Fiat India Automobiles Pvt. Ltd (Pune)
  • Designation : - Deputy Manager- Costing & Finance
  • Duration : - From March 2011 to Aug’2017
  • Key Responsibilities:
  • A) MIS , Financial & Inventory
  • Group member of Controlling Team.
  • Preparation of monthly financial of PWT Division.
  • Comparison & Analysis of Financial with Budget (CY / FY/FRC) & PY.
  • Calculation of profitability brand wise / product wise.
  • Variance analysis monthly basis / quarterly/six monthly /YTD basis.
  • Monthly overhead analysis & circulating within division.
  • Calculation of royalty paid to partner.
  • Inventory Valuation, Inventory reporting, FG valuation & Scrap control.
  • Inventory ageing analysis (Slow moving / Non Moving).
  • Monthly analysis related daily perpetual inventory.
  • Analysis & circulate of cost centre report.
  • Physical verification of stock- Internally & Externally (subcontractors).
  • Submitting monthly report & MIS accurately and in timely manner.
  • Interaction with Audit (Statutory Auditor & Internal Auditor).
  • B) Product Costing
  • Calculation of product cost –Model wise (SDE/FIRE) /Brand wise (TATA/ FIAT/MSL).
  • Calculation of product profitability and variances analysis- Model wise/ Brand wise.
  • Maintaining Standard Costing system, timely updating of standard cost with full of accuracy, working of standard cost annually/half yearly containing direct Material cost (DMC) overhead and Conversion cost on each item level and uploading in SAP.
  • Valuation of intermediate products (WIP) and its variance analysis.
  • Calculation, analysis & circulation of product cost on monthly basis.
  • Calculation of transfer price for inter company transfer.
  • Update standard cost in the system and analysis of variance generated.
  • Evolving various projects and assisting purchase department in various decisions making relating to localization of projects, to reduce DMC.
  • C) Cost Audit
  • Compliance with Cost Audit requirement in Plant.
  • Cost working as per CAS 4 i.e. Cost of production for captive consumption.
  • Maintaining cost records with para wise as per CARR
  • Finalizing cost audit report along with cost auditor.
  • D) Others
  • Expenses reporting against budget Vs Actual.
  • Calculating NPV, IRR and Payback period for any capital investment of project.
  • Working out standard cost to new products.
  • Analyzing cost reduction projects and approving from finance member through Suggestion scheme.
  • Energy pillar & Cost development member of WCM.
  • Organization : - Henkel Adhesive India Pvt. Ltd. (Loctite )
  • Designation : - Cost Accountant
  • Duration :- From May 2008 to March 2011
  • Responsibilities Carried:
  • Generation of reports showing SBUs wise inventory lying in Good/Defective &Write off, Scrap.
  • Maintaining, Updating and controlling of product cost , variance analysis of product cost with the standard cost.
  • Stores wise inventory valuation & scrap controlling.
  • Inventory ageing analysis (slow moving / non moving)
  • Physical verification of Stock- internally & externally
  • Duty calculation on closing stock. Analysis of air freight & impact on product margin.
  • Interaction with IT to generate standard report to reduce manual work.
  • Expenses reporting against budget and controlling.
  • Analysis of goods in transit (GIT).
  • Calculation of RP/ TP for intercompany transfer.
  • Margin analysis due to purchase from intercompany based on net landed material cost.
  • Working out standard cost to new products.
  • To update standard cost in the system and analysis of variance generated.
  • Various cost set maintained by company (Standard / Current & monthly moving weighted averages).
  • Preparation of report showing details of all variance & impact on cost (comparison with last two months & last year).
  • To control factory cost against budget.
  • Submitting monthly report & MIS accurately and in timely manner.
  • Evolving various projects and assisting management in various decision making relating to localization of projects, cost savings and others.
  • Make plan for factory expenses with plant manager & giving reports (payback period / NPV/ IRR calculation / comparison with standard margin & new margin etc) to management for any capital investment.
  • Responsible for Cost & Accounts department in Factory.
  • Direct reporting to Business Controller/ Plant Manager/ CFO/ Business Manager.
  • Organization : - C.P. Vehicles Systems (I) Pvt. Ltd.{ Merged with GE Stamp )
  • Designation : - Accounts officer
  • Duration :- From Jan 2006 to April 2008
  • Responsibilities Carried:
  • Supervision of Accounts Dep.
  • Managing Receivable & Payable.
  • Dealing with Banks and other financial institutions
  • Preparing Bank Reconciliation Statement
  • Preparation and presentation of different types of report at different level of management.
  • Interaction with Internal & Statutory Auditor.
  • Calculation of Workers Efficiency & Machine rate.
  • Fixation of Budget & Variance Analysis.
  • Reconciliation between Cost Profit & Financial Profit.
  • Segregation of Cost between Fixed & Variables.
  • Knowledge of Cost Accounting Records Rules, 2001.
  • Inventory control.
  • Preparation of Purchase Order on the basis of Planning, Forecasting.
  • Maintenance of various register like export register, scrap rejection register.
  • Preparing & Filling Monthly Excise Return (ER-1).
  • 15 days deputation work in Continental products ltd. (UK) at Coventry in January 2007.
  • Direct reporting to Head Controller/ Plant Manager .

Education

Associate member -

Institute of Cost Accountants of India (ICMAI)

P.G. Diploma - Personnel Management

B.Com. - undefined

R.D.V.V. Jabalpur University
Jabalpur

Skills

SAP

Ramco

Tally 90

Budgeting & forecasting

Management reporting

Cost accounting

Variance analysis

Product costing

Inventory valuation

Capex evaluation

PERSONAL DETAILS

  • Fathers Name: Mr. K. P. Dwivedi
  • Present CTC: 30.07 Lakhs Per Annum
  • Expected CTC: Negotiable
  • Notice Period : 3 Months

Timeline

Manager- Finance

JCB India Ltd
08.2017 - Current

B.Com. - undefined

R.D.V.V. Jabalpur University

P.G. Diploma - Personnel Management

Associate member -

Institute of Cost Accountants of India (ICMAI)

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Puneet Dwivedi18 Years Post qualification Experience