Srinivas srirangam

Product cost analysis:-

• Ensure correct standard by resolving the costing errors and investigate and resolve variances (monthly&quarterly)
• Review and analysis of the product cost estimate such as Bom,material prices,Routing,Material master,freight,Activity rates, setting standard costs and estimate the product cost, mark and release the standard cost for products monthly basis.
• Review and analysis, closing different costing jobs according legal entity specific and local periodic costing runs

Cost center analysis:-

• End to end cost center analysis, responsible of $500 million cost center budget over 4 plants and 30 cost centers.
• Assisted in manufacturing cost analysis, indirect material labour,and overhead cost breakdowns.
• understanding of cost drivers which is driving the expenses.
• cost center accounting such as Accruals posting and Make sure as expense get booking on right cost element and Reclass the expenses to right cost element,
• cost center allocations such as support to product and respective profit center.

Budget and Forecasting:-

• Responsible for $500 million cost center budgeting over 4 plants.
• Assisting and preparing the cost centers budget discussions with plant managers and cost center owners and business finance by providing different analysis and get right budget figures, make sure its aligned company target cost. finalize budget figures with approval of functional and business finance leaders and upload in sap.
• Responsible for monthly rolling forecast and outlook the values.
• having discussion with plant and business folks and providing different analysis such as trend, current run rate, previous month vs current month, open maintenance and service orders and provide the cost drivers, help to get the right values to forecast and outlook the right values for the year.
• Review and update the budget quarterly such as production volumes and cost center budget with the consultation of plant leaders and business finance controllers and directors .

Inventory management:-

• Responsible for inventory valuation accuracy in different books management, tax,statutory, and lower of cost or market value principle.
• inventory management via cycle counting -coordinate&Reconciliation of physical inventory against system inventory asper frequency set by cycle counting indicators.
• inventory management via stock take observation -physical stock count &reconciliation of physical v/s system stock.
• provide slow moving goods to supply chain and and make sure to get write off and make inventory reserve asper company policy.
• responsible for inventory control and cost control.

Period cost,P&L Review and closing:-

• Responsible for monthly and quarter closing in line with USGAAP and LOCAL GAAP rules.
• maintain the back ups for GL review for cost and income drivers
• Responsible for correctness of cost of sales, Review cost of sales ledgers daily, weekly, monthly basis, and make necessary adjustments and and provide Accruals and reclass the GL and make sure expenses are get booking in right buckets.
• monitor,review and close the all ledgers.

Financial analysis and variance reporting:-

• Review the sales and expanses finalize the values and prepare the financial reports such as profitability statements, cost center, profit center plant and business. publish the reports to functional leaders and business leaders.
• Prepare the variance analysis report such as materials mfg, usage,price, efficiency, with the help of sap BW and Having discussion with respective cost centers and plant people regarding expenses incurred and highlighting the variances of standard vs actuals provide the route cause analysis and cost drivers for expenses incurred.
• highlight and bring the notice regarding high cost expenses and recommend cost savings and cost reduction, action plans by providing route cause and cost drivers analysis.
• holding high level overall business performance review meetings with finance controller and director through power bi and power point presentation regarding overall $1.5 billion business and maintain backup and comments for justification of variances with help of plant people,cost center owners,supply chain,procurement, and different internal departments provide comments and regarding variances budget vs actuals such as sales, Materials,Mfg cost and other period cost.
• provide the forecast of expenses and incomes by consulting the function leaders and help to business finance people make decisions.
• Responsible for different Ad-hoc queries from functional and business finance folks

coach and guide, statutory support :-

• Lead, guide and mentor ship of newly boarded employees and junior financial analysts.
• Act as point of contact and bridge between higher management and different internal departments.
• support to interanl audits and sox compliances and blackline reconcliations.

Company Overview:- Valagro is a Agriculture product based Company, Head office located in Italy

Its Group of 18 Companies in different 18 Countries

Jobs handled while in valagro:-

Product cost and cogs analysis:-

• Cogs -full awareness,monitor and review control of the manufacturing Cost component / process
• Checking the Industrial Cost Completeness and Accuracy
• Preparation Cogs for Each product, and Cogs for Product Group.
• Review and analysis of the product cost estimate such as Bom,material prices,Routing,Material master,freight,Activity rates, setting standard costs and estimate the product cost, mark and release the standard cost for products monthly basis.
• Review and analysis, closing different costing jobs according legal entity specific and local periodic costing runs

Cost center analysis:-

• End to end cost center analysis, cost center budget over 15 cost centers.
• Provide and Assisted in manufacturing cost analysis, indirect and direct, fixed, variable cost and material labour,and overhead cost breakdowns departmental wise.
• provide the cost drivers which is driving the expenses.
• cost center accounting such as Accruals posting and Make sure as expense get booking on right cost element and projects Reclass the expenses to right cost element, projects.
• cost center allocations such as support to product and respective profit center.

Budget and Forecasting:-

• Participating the Budget Preparation Assist to the Budget to function wise -capex and opex and Coordinating the Cross functional teams for obtaining and get right budget Estimates, finalize and upload budget figures function wise in Budget Software.
• Responsible and Preparation of monthly rolling Forecast based on ongoing changes and Actual performance inputs from function wise
• Calculating variances from the budget and actuals and Reporting significant issues to the local management
• Reclass the entries in budget project wise, Budget Destination changes in function to function and with in function
• Communicate to the function wise monthly about budget position and budget tracking daily wise

Sales and gross margin analysis:-

• Provide the sales gross margin analysis as region, location, product, product group to the sales team.
• Assist to sales people by providing high cogs and lower cogs products to optimizing sales and their target sales.
• Provide the complete sales variance analysis such as volume and price and region and location, product and product group wise, ytd and yoy.
• provide deep analaysis on linking with trend analysis and current month vs previous month

• having discussion with plant and business folks and providing different analysis such as trend, current run rate, previous month vs current month, open maintenance and service orders and provide the cost drivers, help to get the right values to forecast and outlook the right values for the year.
• Review and update the budget quarterly such as production volumes and cost center budget with the consultation of plant leaders and business finance controllers and directors .

Inventory management:-

• Responsible for inventory valuation accuracy in different books management, tax,statutory, and lower of cost or market value principle.
• inventory management via cycle counting -coordinate&Reconciliation of physical inventory against system inventory asper frequency set by cycle counting indicators.
• inventory management via stock take observation -physical stock count &reconciliation of physical v/s system stock.
• provide slow moving goods to supply chain and and make sure to get write off and make inventory reserve asper company policy.
• responsible for inventory control and cost control.

Period cost,P&L Review and closing:-

• Responsible for monthly and quarter closing in line with USGAAP and LOCAL GAAP rules.
• maintain the back ups for GL review for cost and income drivers
• Responsible for correctness of cost of sales, Review cost of sales ledgers daily, weekly, monthly basis, and make necessary adjustments and and provide Accruals and reclass the GL and make sure expenses are get booking in right buckets.
• monitor,review and close the all ledgers.

Financial analysis and variance reporting:-

• Review the sales and expanses finalize the values and prepare the financial reports such as profitability statements, cost center, profit center plant and business. publish the reports to functional leaders and business leaders.
• Prepare the variance analysis report such as materials mfg, usage,price, efficiency, with the help of sap BW and Having discussion with respective cost centers and plant people regarding expenses incurred and highlighting the variances of standard vs actuals provide the route cause analysis and cost drivers for expenses incurred.
• highlight and bring the notice regarding high cost expenses and recommend cost savings and cost reduction, action plans by providing route cause and cost drivers analysis.
• holding high level overall business performance review meetings with finance controller and director through power bi and power point presentation regarding overall $1.5 billion business and maintain backup and comments for justification of variances with help of plant people,cost center owners,supply chain,procurement, and different internal departments provide comments and regarding variances budget vs actuals such as sales, Materials,Mfg cost and other period cost.
• provide the forecast of expenses and incomes by consulting the function leaders and help to business finance people make decisions.
• Responsible for different Ad-hoc queries from functional and business finance folks

coach and guide, statutory support :-

• Lead, guide and mentor ship of newly boarded employees and junior financial analysts.
• Act as point of contact and bridge between higher management and different internal departments.
• support to internal audits and sox compliances and blackline reconcliations.
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• Preparation of Variance analysis (Actual Vs Standard)
• Preparation of Gross margin analysis for products
• Checking and Rectification of Expenses like Revenue or Capital
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• Standard Cost Development: maintain, coordinate, develop, and streamline processes for calculation of standard costs
• Interact with ERP system, feeding budget information and parameter assumptions to system for rolling up unit costs
• Period Close Manufacturing Analysis: - Leverage ERP system to calculate, review, and correct actual unit cost variances from Standards Utilize and develop delivery tools for variances for RM price and usage, labor and overhead, efficiency and spending and Volume
• Design and develop tools to deliver data and information to financial analysts, plants and business units
• Analyze Costs on a regular basis, identify and correct discrepancies
• Analyzing the Over head wise expenditures, initiate the collaboration with Function wise highlights the Areas of expenditures incurring high
• Month end Inventory valuation, overheads absorption workings, cost runs etc
• Liaison with R& D team and provide costs for new products based on data maintained in the current system
• Provide cost inputs to commercial team as and when required
• Variances Analysis of Sales Volumes and Price RM usage volume and Price, Labor count and hours usage Machine hours usage Factory Over Head usage overall product cost variance from Budget vs Actulas Controlling, Planning & Analysis, Insight
• Leveraging standard monthly Reporting packs, ensure deep Monthly operations and Supply Performance Analysis and insight
• Review with Relevant site and regional management, Ensure Appropriate follow actions Defined and implemented
• Proactively Support the month end close like -Checking PO to Purchase
• Pass the Necessary Reclass entries in Budget software
• Partner Production and Supply Management to prepare local forecasts and budgets
• Provide expertise and analytical oversight to support Global Finance Services and FP&A to execute and continuously improve accounting
• Reporting, compliance processes (e.g
• Manufacturing costs booked to right ledger, values & provisions)
• Build collaboration and confidence in Finance and Operations that the information is accurate, timely and consistent - and generated Efficiently
• Conduct the Physical stock counts in plants and ware houses on Quarterly and year basis
• Excess & obsolete inventory, Rework, Inventory counts, Inventory valuation (Raw Materials, Finished Goods and Work in Progress)
• Pass the Inventory Provision Entries
• Provide analysis, insight & define/implement appropriate mitigations: maintain accurate book inventory, increase transparency, collaborate with S&OP and align to production Cost Analysis
• Support Local AFC manager in accounting for inventories as per local GAAP and successfully closing audit as per local laws
• Handling the Cost Audit Independently Preparing Cost Audit Data And Assist to the Cost Auditor
• Support on internal audits
• Support to the tax audit for inventory
• Valagro is a Agriculture product based Company, Head office located in Italy
• Its Group of 18 Companies in different 18 Countries

• Company Overview: Sneha Farms Pvt Ltd was a Turnover of 4500 crores, a diversified business conglomerate from Telangana
• The group was engaged in complete value chain management for its range of products across the country
• The Group is having Broiler Integration, Poultry Feed, Chicken FMCG, Broiler Trading divisions in its portfolio
• Profitability Analysis:- Division wise, location wise
• Product costing for All products
• Stock Reconciliation statement
• Physical stock Audits in plants
• MIS reports
• Production Analysis
• Preparation of profitability statements division wise and Location wise
• Providing Cost Analysis on Fixed and Variable costs
• Stock reconciliations of internal transfers, and sales
• Production Analysis, and Reconciliation of production with planned production input out Ratios on Daily basis
• Batch wise costing, and Batch wise Stock analysis
• Analyzing the Movement of Stock, Inventory reconciliation like-Stores and spares, Raw materials
• Preparing Ad hoc MIS reports based on profitability statements
• Submitting the MIS report to the costing manager, and General manager of finance and accounts
• Collecting Cost data Analyzing the Expenditure, Monitor the of Ledgers
• Preparation of Cost reports to the Products
• Reconciliation of finished goods inventory daily, and investigation, and resolve the discrepancies
• Cost Comparisons months wise and year wise and report high value items of Expenditures
• Analyze try to cost Reduction
• Ledger scrutiny of expenditure incurred
• Verification of expenditure incurred with supporting documents
• Monthly physical stock audit in company plants
• Analyzing The Bill of material, and Consumption, and variance analyzing
• Sneha Farms Pvt Ltd was a Turnover of 4500 crores, a diversified business conglomerate from Telangana
• The group was engaged in complete value chain management for its range of products across the country
• The Group is having Broiler Integration, Poultry Feed, Chicken FMCG, Broiler Trading divisions in its portfolio

• Entries of Purchases and sales
• Cash reconciliation and Bank reconciliation
• Preparing the debtors data
• Verification Cash receipts and payments
• Supporting to Preparing the Balance sheet
• Providing the accounts information to the Auditors About Tax audit

• Preparation of Financial statements
• Prepared Reconciliation's Statements of Banks, Debtors, Creditors etc
• Auditing of Ledger, Cash Books, Daybooks etc
• Both in manual and computerized system
• Verification of salary Advances
• Review of Statutory remittances and ledger scrutiny
• Filling of VAT returns
• Preparation of accounts and finalization of accounts of clients
• Verification of Fixed Asset Register and Debtors ageing analysis