R. KUMAR
Finance Analyst
Bangalore
Summary
Highly focused with a comprehensive understanding of Project’s Budgeting, MIS Reports, Financial Analysis. High-energy professional, successful in achieving business growth objectives efficiently and within turnaround time in a rapidly changing environment. Forward-thinking team leader skilled at operating departments efficiently to meet goals. Successful background matching employees with roles for maximum performance. Proactive and hardworking individual focused on continuous operational improvement. Proactive in Accounts and Finance Management with strong background in financial analysis, budgeting and forecasting. Develops and implements financial plans and delivers strategic financial advice. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
28
28
years of professional experience
Work History
Finance Manager
Private Limited Company
06.2016 - Current
- Primary role is to produce financial reports, Unit Financials, Annual business plan, Finalising books of Accounts, Project’s Budget Vs Actual and variance analysis, Submitting Financial Proposal to Clients, Support to Unit Leads and Programme Leads
- Managing of Funds in manner as to maximize return on investment with minimised risk.
- Implemented risk management strategies to protect company assets and minimize losses
Asst Manager Finance & Accounts
IPG Photonics India Pvt Ltd
10.2007 - 06.2016
- GL Review, Tracking of AR & AP, Co-ordinate with Stores for Inventory management, Periodical Inventory Physical check/Audit, Managing cash flows and forecast, Authorizing for petty cash payments, Monthly Budgeting for overheads, Maintenance of Fixed Assets Register, Periodical Physical Verification of Assets, Controlling over day-to-day activities of Accounts Dept by Co-coordinating with Purchase Team, Production Team, CS Team & Marketing Team to smooth running of business operations.
- Reduced outstanding accounts receivable balances through diligent follow-up on overdue payments
- Supported business growth by providing insightful analyses of key performance indicators and identifying areas for improvement
- Mentored junior finance team members, offering guidance on best practices and professional development opportunities
- Enhanced budget management by closely monitoring expenses and identifying cost-saving measures
- Developed strong relationships with vendors, negotiating favorable payment terms that maximized cash flow efficiency
- Ensured timely and accurate month-end closing procedures, facilitating prompt financial reporting to stakeholders
- Assisted in the preparation of annual budgets, aligning financial resources with organizational objectives
- Assisted in the successful completion of audits, ensuring full compliance with regulatory requirements
- Improved financial reporting accuracy with meticulous record-keeping and data analysis
Dy Manager Finance
Automobile Industry
09.2006 - 09.2007
- Handled team of 8 members in Finance Dept to run day-to-day activities till Accounts finalization.
- Trained new and existing staff members in various financial procedures to prepare for job requirements
- Created organizational structures to improve accounting and finance functions
- Negotiated favorable terms with vendors, resulting in significant cost savings for the company
- Improved financial forecasting accuracy, utilizing advanced analytical models
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy
- Collaborated with cross-functional teams for strategic business planning and growth initiatives
- Enhanced budget management by implementing expense tracking and cost reduction strategies
- Forecasted trends and recommended improvements based on financial risk analyses
- Reviewed documentation and identified financial discrepancies where applicable
- Optimized cash flow with diligent monitoring of accounts receivable and payable
- Strengthened internal controls through regular audits and adherence to regulatory requirements
Head of Accounts
Cargo Forwarding Company
09.2003 - 09.2006
- Accounts Receivable follow-up, Cost control measures & report to Management, Preparing Expenses Analysis Report, Reconciling Bank Statements, Reconciling Parties Accounts, Liaisons with Banks & cash management.
- Managed month-end closing procedures efficiently, ensuring timely submission of accurate financial statements to stakeholders
- Analyzed complex accounting issues, providing clear guidance on appropriate treatment according to relevant accounting standards
Accounts Officer
Garments Mfg. Company
02.2000 - 08.2003
- Preparing cost sheet for Orders received from Buyers starting from yarn purchase cost to dispatching the material which includes various process of Knitting cost, Dyeing, Compacting, steam Calendaring, stitching, packing material cost, and transportations to dispatch the material to destination, Costing Budget, Process costing & Job costing, Preparing Funds requirement Statements, Drafting Reply to Internal & External Auditors, Arranging Meetings of Customers, Suppliers & Banks, Cash Management and Liaisons with banks.
- Updated general ledger of accounts with current, accurate and industry-compliant data to meet all internal and external audit requirements
Education
MBA - Finance
Annamalai University
Bangalore 04.2001 -
ICWAI - Inter - Costing
Institute of Cost And Works Accountants of India
Trichy 04.2001 -
B Com - Commerce
National College
Trichy 04.2001 -
Skills
Regulatory Compliance
undefinedAcademic Qualification
B.Com, MBA Finance and ICWA (Inter completed)
Expected Ctc
Negotiable
Personal Information
- Age: 50
- Current CTC: Rs.20 Lacs p.a
- Notice Period: One month
- Date of Birth: 06/23/72
Timeline
Finance Manager
Private Limited Company
06.2016 - Current
Asst Manager Finance & Accounts
IPG Photonics India Pvt Ltd
10.2007 - 06.2016
Dy Manager Finance
Automobile Industry
09.2006 - 09.2007
Head of Accounts
Cargo Forwarding Company
09.2003 - 09.2006
MBA - Finance
Annamalai University
04.2001 -
ICWAI - Inter - Costing
Institute of Cost And Works Accountants of India
04.2001 -
B Com - Commerce
National College
04.2001 -
Accounts Officer
Garments Mfg. Company
02.2000 - 08.2003
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