SAP FICO, MM, SD, PS
R. RAMASAMY
Finance Analysts and Cost Controlling
Tirupur,TN
Summary
A results-oriented finance and costing professional with 8 years of experience in Finance, Costing, and MIS reporting. Proven ability to enhance financial operations, optimize cost structures, and drive profitability within leading corporate environments. Seeking to leverage expertise in cost control, budgeting, and financial analysis for organizational growth.
Overview
9
9
years of professional experience
Work History
Assistant Manager Industrial Controlling
Bonfiglioli Transmission India Pvt Ltd
01.2024 - Current
- Inventory and WIP valuation for month-end closing (STD vs. moving average).
- Executed month-end closing activities in SAP S/4HANA, ensuring the closure of month-end tasks as per HQ deadlines.
- Managed inventory-related activities for Indian plants, including the monthly inventory position vs. forecast by planning, inventory turns based on rolling sales, GIT entries, and inventory rotation aging analysis for reserve, blocked stocks, subcontracting, and open production orders.
- Preparation of Budget vs. Forecast vs. Actuals, STD Cost vs. MAP analysis.
- Purchase Price Efficiency: Std Cost vs. MAP and Previous Year Actual Price vs. Current Year Actual Price.
- Product cost estimation and release, BOM and routing validation, and implemented labor utilization efficiency reports that contributed to reducing overtime hours.
- Working along with the supply chain team for KPIs, including Cost Reduction (Saving-Actual vs. Budget), Metal Index Cost (Risks & Opportunities), COPQ (Quality), and Supply Chain KPIs like Packing and Transport Cost Savings, and project localization impacts.
- Recovery of excess billing by group companies is more than the group transfer pricing policy.
- Net Realization Value (NRV) calculation for finished goods.
- Monitored monthly warehouse inventory counts, ensuring 100% BIN coverage, reconciled variances, and executed 711/712 adjustment postings to maintain accurate stock records.
- Align with CFT for non-moving inventory reduction progress. Presenting the Monthly Review Meeting (MRM) by plant-wise.
- Dealer discount policy analysis and recovery of excess discounts.
- Prepared and finalized ITC 4 and 3CD Clause 35 Tax audit reports, Handling Internal and Tax audits, and HQ Group Reports and E&Y and cost audit preparation.
- Tools: SAP HANA4 and SAP BI Launch Pad
Plant Cost Accountant
Flowserve Corporation (Pump Division)
04.2022 - 06.2024
- Collaborated with the Engineering team to prepare and validate project estimations for tenders , and delivered product-wise variance analysis reports to support management decision-making.
- P&L, balance sheet, cost center, and GL review.
- Maintained project cost estimations and performed margin analysis by customer and product to ensure profitability and cost control.
- Monitoring projects, billing events (with the AR team), for progress billing (milestone events).
- Spares pricing and monitoring spares margin for each type of pump model.
- Month-end closing tasks and quarterly closing reports as per the USA HQ calendar.
- Identifying loss-making projects in backlog orders and accounting treatment for such loss-making projects as per internal company policy (LCM).
- Calculation of monthly POC revenue (Percentage of Completion) for POC projects, as per UGAAP, ASC 606.
- Labour hours utilization reports to management.
- Monitored sales billing vs. Revenue recognition in alignment with Incoterms, coordinating with the commercial team to ensure accurate and compliant revenue reporting.
- CA – CL (Contract Assets vs. Contract Liability) GL reconciliation (Billing vs. Revenue).
- Costing provisions and reversal, and monthly OH under/over absorption entries.
- LD penalty provisions for delayed shipments, and project warranty provisions after execution.
- Cost centers' hourly rate calculations are based on the budget.
- Month-end ERP closing activities, such as period closing, settlements, concurrent programs, and opening.
- Monthly reconciliation of Sales, COGS, WIP, and Warranty GL accounts, ensuring accuracy and completeness through Blackline task and BPC supplemental reporting.
- Handled SOX, PWC audit, and cost audit preparation and finalization.
- Tools: Oracle R12, RCS (Revenue Compliance System), Blackline, BPC Supplemental.
Costing Executive
Heat and Control South Asia Pvt Ltd
05.2019 - 03.2022
- Validation of Project estimation activities in coordination with the Sales team and Project Eng.
- Creation of internal production order, BOM, and analysis and clearing consumption variance for delivery.
- Prepared weekly WIP (Work-in-Progress) reports for management, comparing Initial Project Estimates vs Actuals, with detailed breakdowns of Material Costs, Labor, and Overhead, supporting accurate cost tracking and project profitability analyse.
- Month end closing activities costing subledger Vs accounting GL, COGS etc.
- Shopfloor hours efficiency (Project budgeted hours Vs Actuals hours booked).
- Prepared and submitted sales and margin reports to management, with detailed analysis by product and customer, supporting strategic decision-making and profitability tracking.
- Assisted with statutory audits, including preparation of costing data, inventory listings, and support documentation to ensure compliance with audit requirements.
- Provisions for warranty, short supply of deliveries, freight etc
- Achievements: Collaborated with the IT team to automated shopfloor hours booking against each project. Early its manual activity.
- USA Based Food Processing Equipment Manufacturing
- Tools: Customized ERP System, Kronos
Costing & Finance Trainee
ALSTOM Transports India Ltd
07.2016 - 04.2019
- BOM Validation, STD & MAP Cost Estimation and Release for each product.
- WBS creation for each project and Variance analysis (Budget Vs Actual of projects)
- RM Consumption and Cost sheet preparation to export projects for Duty draw back claiming
- Spares pricing to sales team.
- Manhours utilization and efficiency report by cost centre wise.
- Preparing Sale documents like sale invoice, packing list, ARC etc and assist to monthly taxation filing & E BRC from DGFT, assist to closure of IDPMS & EDPMS.
- Assists to opex budget preparation and variance analysis of indirect expenses.
- Handled monthly SAP closing activities, including Depreciation Run, Production and Internal Order Settlement, Cost Centre expense Reclassifications, Asset Capitalisation WBS (AUC) to Asset etc.
- Assist to FSSC (Shared Service Centre) for daily routine accounting journal entries Like custom duty payment, Site expenses and month end closing.
- Preparing monthly sales report by project wise and purchase register.
- Hedging initiation for Import and export PO's and roll forward request to central treasury.
- Assisted with Accounts Receivable (AR), Accounts Payable (AP), and GR/IR account activities, providing support to the FSSC.
- Ageing analysis like inventories, Open PO's, Production Order ageing, Subcontracting ageing, Vendor Invoice discrepancy ageing etc.
- Assist to KPMG audit works
- Tools: SAP (FICO & MM & SD) Alista (Manhours booking), Teranga (Project Management), Atweb (Hedging), Inspire (Auto AP invoice Accounting by 3-way matching) etc
Education
CMA - Intermediate - Costing And Financial Accounting
Institute of Cost Accounts of India
Coimbatore, India 04.2001 -
M.Com - Financial Management
NGP Arts And Science College
Coimbatore, India 04.2001 -
B.Com (CA) - Accounting And Finance
Gobi Arts And Science College
Erode 04.2001 -
Skills
Inventory valuation
Software
Oracle R12
MS Office Package
Power PI
Timeline
Assistant Manager Industrial Controlling
Bonfiglioli Transmission India Pvt Ltd
01.2024 - Current
Plant Cost Accountant
Flowserve Corporation (Pump Division)
04.2022 - 06.2024
Costing Executive
Heat and Control South Asia Pvt Ltd
05.2019 - 03.2022
Costing & Finance Trainee
ALSTOM Transports India Ltd
07.2016 - 04.2019
CMA - Intermediate - Costing And Financial Accounting
Institute of Cost Accounts of India
04.2001 -
M.Com - Financial Management
NGP Arts And Science College
04.2001 -
B.Com (CA) - Accounting And Finance
Gobi Arts And Science College
04.2001 -