Sunny Singh
UltraTech Cement Ltd
Noida,UP
Summary
To contribute my expertise in financial & commercial modelling, financial analysis and reporting, taxation, accounting, forecasting, budgeting, audit, internal control and compliances to a leading organization, driving financial performance and achieving strategic objectives
A Chartered Accountant with 15 years of post-qualification experience in finance & commercial strategy, finance & accounts, financial planning & analysis, audit, balance Sheet, reporting/MIS, budgeting, decision support, and taxation/ statutory compliance. Well conversant with ERP environment, accounting processes & system, analysis & presentation of Financial Data for decision making and regular monitoring. Experience in Audit/Implementing Internal control/ Reporting System to check compliance and control over financial transactions. Proficient in independently handling commercial function, accounts & finance activities and handling of team.
Overview
16
16
years of professional experience
Work History
Regional Commercial Head – Western UP (North Zone)
UltraTech Cement Ltd
06.2022 - Current
- Looking after accounts & commercial affairs of Western UP Region for Cement consisting of 12 Cement Depot and 22 RMC Plants accorss UP1 & Delhi region and 1 BPD Liquid Plants.
- Driving the financial strategy & commercial excellence and profitability & revenue growth for the region by providing strategic direction.
- Managing budgeting & forecasting and variance analysis to ensure commercial risk & opportunities are highlighted. Providing insightful reporting & analysis to support decision making.
- Analyzing cost & profitability in 3 verticals i.e. Cement/RMC/BPD, deriving exceptions with financial impact for action and ensuring effective internal controls to avoid any revenue leakage.
- Evaluating all proposal received from logistics in relation to new godown opening/revision of handling rate/godown rent/ Secondary freight/ new rake point etc. for cost effectiveness. Monitoring Logistics cost, optimum resource utilization and managing logistical controls.
- Analyzing the profitability and commercial feasibility of the proposed RMC & BPD plant including manpower, operational cost, RM cost, etc. by considering various permutation combinations and complexity of the model chosen into consideration.
- Management and optimization of Working Capital through for the region.
- Regular market survey for competitor's prevailing rates. Driving the collection of Market information on pricing trends, discount schemes, capacity addition and share the reports with respective stakeholders for suitable internal decision making.
- Formulating the schemes for all business verticals for achieving strategic objectives. Discuss the exceptions with other Functional Heads, and other relevant stakeholders to ensure accuracy in disbursement of the scheme.
- Control the negative contribution/high lead sales for all 3 business verticals and thereby driving the regional profitability.
- Facilitate the internal/statutory audit for regions, depots and RMC/BPD/Cement plant, by ensuring all relevant data, system adherence status, any other information as required is provided as per audit scope
- Identify, assess and monitor potential risks related to internal control, credit, vendor performance and suggest remedial measures to mitigate the risk. Implementation and adherence of credit policy & Credit control of all dealers of the Region.
- Ensuring effective negotiation for various expenses i.e. Raw Material, CRM, office rent, gift godown rent, capex expansion etc. at regional level for cost effectiveness
- Implement Strategic Vendor Management for long term contracts of RMC/BPD business and recommend business model best suited for the location. It has given edge to the organization by getting Raw Material at most competitive rate as compared to market leading to market competitiveness and increase in profitability of RMC.
- Review of Trial & GL balances on periodic basis to ensure accuracy and resolution of pending issues. Ensure smooth Month/Quarter/Year end closure activities and Finalization of books of accounts.
- Monitor adherence to SOPs by periodically verifying the process followed across Region, Cement/RMC/BPD plants, depots, godowns.
- Drive the automation journey for the region with right identification for necessary automation for bringing in efficiency.
- Monitor and Review all the legal cases and timely action for filing of cases like summary suite, winding up notices, civil/criminal proceedings, etc. for the respective region. Appear in court hearing to represent the organization as and when required.
- Ensure prompt responses by the team on all GST related queries of internal & external customers for adherence to GST regulations across region.
- Recruit, develop and manage a strong team to achieve business objectives, provide functional expertise and mentoring to teams and build strong talent pipeline. Provide guidance to the team and ensure the proposed corrective and preventive actions are implemented.
Regional Commercial Head – WB & NE ( East Zone)
UltraTech Cement Ltd
06.2016 - 05.2022
- Looking after accounts & commercial affairs of West Bengal Region and North East States consisting of 16 Cement Depot of WB and 5 Depot of North East States, 2 RMC Plant and 4 BPD Plants including 1 Liquid Plant.
- Actively & closely participated in almost all activities of handover and takeover process, vendor finalization, Distribution of work between existing UTCL handling agent and CTIL handling agent, Agreement finalization etc during acquisition of Cement Division of Century Textile and Industries Limited.
Functional Head-Finance & Accounts -ACC Plant & Dry Mix Operation BPD South India
UltraTech Cement Ltd, Hyderabad (Building Product Division)
03.2012 - 08.2016
- Looking after complete accounting, Logistic & Dispatch, Handling Excise & Sale Tax Department, Supply Chain Management of Raw Material and Stores & Spares and overall administration/accounting/Review of BPD AAC Plant and Dry Mix operation in South India.
- Preparation & Finalization of monthly, Quarterly and annual accounts statements and interfacing with the auditors to provide any information required.
- Preparation of MIS reports, variance analysis related to costing and financials on a regular basis and suggests remedial measures for improving the statistics to the management.
- Taking care supply chain management of all raw Material and Stores and Spares on daily basis with optimal cost.
- Business Forecasting, financial planning, Framing annual budgets (AOP) for revenue and expenditure of the Company and making deviation analysis as required by management.
- Budgetary control of expenses, accounting of revenue and capital expenses and periodical review.
- Co-ordination with Statutory auditors, internal auditors and assistance related to audit on regular basis.
- Ensuring that all basic accounting activities such as bill passing, reconciliation, making book keeping entries into the respective ledgers, vendor payments, monitoring creditors and debtors control done on timely basis.
- Ensuring that all processes with respect to bank reconciliation, payment to staffs & vendors, payments for trading activities and rent payments etc are as per laid down guidelines and within the budgetary controls.
- Scrutiny of vendor ledgers & advances taking timely action for recovering of any dues, etc.
- Preparation of Fixed Asset register, booking of monthly depreciation, monthly settlement in ERP and maintaining other details of fixed assets.
- Providing input required by other departments within stipulated time frame and Co-ordination with other functional departments for other statutory compliances.
- Duration : March 2012 to Aug 2016
Manager – F&A
Jai Raj Ispat Ltd, Hyderabad
10.2009 - 03.2012
- Looking after complete accounting & Taxation of Sponge Iron Division, Furnace Division & Rolling Mill Division along with procurement of Sponge Iron Raw Material & Stores.
- Preparation & Finalization of Books of Accounts from monthly/Quarterly/Annual books closing view point including review of GL balances and their presentation in financial statements.
- MIS preparation and presentation of financials to Head Finance, on a monthly/quarterly and annual basis.
- Business Forecasting, financial planning and making deviation analysis as required by management.
- Preparation of the financials/presentation for the quarterly board meeting of the company.
- Develop, review, analyze and manage the Unit-wise profitability report and Executive summary highlighting key developments & concerns.
- Preparation of Cost control data for meetings with other departments.
- Detailed expenses tracking and analysis for management review with explanation on key drivers.
- Analysis of financial performance and monitor performance against prior year and plan and identify the key drivers for the same.
- Support the operations team in identification of key areas of improvement and provide financial data for the same. Manage Day to day financial and accounting activities.
- Asset accounting including capitalization of assets on monthly basis.
- Allocation of capital items to appropriate asset class as per the accounting principles & organization policy.
- Tax compliances such as deduction, payment and filling of TDS, PF and Service tax returns.
- Responsible for completion of tax audit and other tax related requirements.
- Responsible for Statutory Compliance and timely filling various forms with statutory bodies.
- Invoice processing of project as per the contract norms taking care of tax provisions, amendments and other legal, statutory compliances.
- Preparation of DP data & other reports for banks & other authorities.
- Ensure the implementation of the financial policies, system and procedures prescribed by company.
- Duration : Oct, 2009 to March 2012
Education
Chartered Accountant -
Institute of Chartered Accountant of India
Kolkata 04.2001 -
Company Secretary - Company & Industrial Law
Institute of Company Secretaries of India
Kolkata 04.2001 -
B. Com (Hons.) - undefined
St. Xavier's College
Kolkata01.2006
Higher Secondary Education -
Shree Jain Vidyalaya
Howrah 04.2001 -
Secondary Education -
Howrah Siksha Sadan School
Howrah 04.2001 -
Skills
Completed 250 hrs of Compulsory Computer Training under ICAI
Accomplishments
awarded with Aditya Birla Award under Emerging Professional Category by Chairman Mr Kumar Mangalam Birla in 2015 for outstanding achievement.
Interests
Music, Cricket, Movies, Travelling to new places
Timeline
Regional Commercial Head – Western UP (North Zone)
UltraTech Cement Ltd
06.2022 - Current
Regional Commercial Head – WB & NE ( East Zone)
UltraTech Cement Ltd
06.2016 - 05.2022
Functional Head-Finance & Accounts -ACC Plant & Dry Mix Operation BPD South India
UltraTech Cement Ltd, Hyderabad (Building Product Division)
03.2012 - 08.2016
Manager – F&A
Jai Raj Ispat Ltd, Hyderabad
10.2009 - 03.2012
Chartered Accountant -
Institute of Chartered Accountant of India
04.2001 -
Company Secretary - Company & Industrial Law
Institute of Company Secretaries of India
04.2001 -
Higher Secondary Education -
Shree Jain Vidyalaya
04.2001 -
Secondary Education -
Howrah Siksha Sadan School
04.2001 -
B. Com (Hons.) - undefined
St. Xavier's College
Award & Recognition
Awarded with Aditya Birla Award under Emerging Professional Category by Chairman Mr Kumar Mangalam Birla in 2015 for outstanding achievement.