SAP, Oracle Netsuite
Vinayak Gupta
Director Finance
Gurgaon
Summary
Seeking senior level assignment whereby I have opportunity to business partner and transform processes of the organization according to size and business complexities
Accounts professional with 22 years of experience in the areas of Corporate and Manufacturing Operations, Treasury and Fund Management, Planning, Budgeting, MIS, Pricing, Taxation, Foreign reporting, Auditing. Presently associated as Director Finance with Indian operations of Kingspan Group India ( World Leading Panels & Façade and roofing solutions company with HQ and Listed in UK). A strategic planner with expertise in analyzing existing systems & procedures, preparing business plans, designing internal control systems and facilitating effective decision-making. An effective communicator with excellent relationship building, analytical and negotiation skills with experience in liaising with banks, financial institutions and regulatory authorities, suppliers and customers. Significant exposure to compliance with requirements under various laws including Corporate, Taxation, Foreign Exchange, Labor and other statutory laws. Extensive experience in charting out strategies and contributing towards enhancing business volumes & growth and achieving revenue and profitability norms. Demonstrated abilities in completing assignments within time budgets and calendar schedules. Highly collaborative Director of Finance with strong skills in statistical analysis and performance. Poised and sharp with skill to translate financial metrics into actionable details. Exceptional performance outlining strategic financial directions for business growth. Results-driven [Job Title] experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach.
Overview
17
17
years of professional experience
6
6
years of post-secondary education
2
2
Languages
Work History
Director Finance
Kingspan Group
5 2018
- Established Kingspan Group in India from Investment to setting up MNC control environment
- Key member of procurement and capex committee to explore new business opportunities
- Responsible for overall finance which include Planning, Treasury, MIS, Accounting, Taxation, & Control establishment
- Treasury management which includes management of an enterprise's holdings, with the ultimate goal of managing the firm's liquidity and mitigating its operational, financial and reputational risk
- Project management to see disbursement is correlated to the project progression
- Responsible for raising fund and non-fund-based limits and allocation according to the forecasted cash flow
- Coordinating with various banks for issue and maintenance of both fund and non-fund based limits
- Managing Direct and Indirect tax issues in pan India manufacturing and marketing environment
- Along with the manufacturing team do the production planning, tracking cost of production, establish transfer price to marketing department
- Seeking compliance with the applicable laws.
- Managed day-to-day operations within [Number]-person finance department for [Type] organization
Associate Vice President
Videocon Industries
08.2014 - 05.2018
- Lead the spinoff of Kenstar Brand which has fetched around $200 Million
- Key member of groups restructuring activities
- Responsible for overall finance which include Planning, Treasury, MIS, Accounting & Taxation in Multi Brand, Multi product and multiple business verticals scenario
- Project management to see disbursement is correlated to the project progression
- Meeting the requirement of TRA account opened with lead consortium bank
- Responsible for raising fund and non fund based limits and allocation according to the forecasted cash flow
- Coordinating with various banks for issue and maintenance of both fund and non fund based limits
- Managing Direct and Indirect tax issues in pan India manufacturing and marketing environment.
Finance Controller and Head Procurement
ACC Ltd
08.2010 - 07.2014
- Successfully implemented compliance with excise laws on PAN India basis after introduction of excise by budget 2011 on Ready Mix Concrete
- Handled secretarial function dealing with professional board consisting of HOLCIM group representatives
- Was instrumental in merger of 10 subsidiaries in ACC Limited
- Reviewed the taxation practices followed by group with respect to tax laws and suggested tax planning measures to reduce overall tax paid by the company
- Conducted the pricing and market study which has lead to better rate negotiation
- Developed investment tool which comprehensively analyze various investment opportunities explored by group
- Leads the IFRS implementation and compliance
- Head of corporate procurement committee to negotiate & finalize term contract with vendors and established Savings of over 10 crores.
Vice President Finance
Trikona Capital
07.2007 - 07.2010
- Actively managed the valuation of investments in various investee companies as per discounted cash flow method
- Collecting of information for consolidation of various associates, joint venture and subsidiary companies
- Implemented reporting framework to monitor progress of investments
- Ensured proper representation of the company at board of various investee companies
- Proficiently conducted feasibility/risk assessment studies for new ventures, mergers acquisitions and investments.
Manager Finance
Seagram India P Ltd
11.2004 - 07.2007
- Proficiently handled brand wise/ pack wise cost statements, variance analysis and bill of Material
- Efficiently conducted feasibility / risk assessment studies for new ventures and mergers acquisitions
- Initiated the process of making Rationalized Profit & loss account on the basis of planning assumption & results of variance analysis Rationalized Profit & Loss is used by the company to validate the actual profit of the company
- Active participated in implementing pricing in JD Edward accounting package
- Efficiently set up the costing structure of International liquor brands to be sold in India
- Successfully handled MIS / business forecast reports for Pernod Ricard for decision making in the areas of brand-wise P&L and manufacturing cost statements, Sales / AR analysis, Inventory and Rotation days, Manpower utilisation
- Recreated cost of production files to use the same in planning New files more clearly demonstrated the changes in overall cost due to changes in one or more elements of cost
- Conducted critical analysis of sales volumes, overheads, process losses and cost statements
- Handled pricing of liquor products in view of state duty structure, pricing of competitor products and state excise policy.
Senior Executive-Corporate Planning
LG Electronics India P Ltd
02.2004 - 11.2004
- Efficiently conducted feasibility/risk assessment studies for new product ventures and contributing to the preparation of the overall business plan (including Sales, Production, Import plans, P&L account and manufacturing cost, Balance Sheet, etc) and investment plans for capacity enhancement
- Successfully involved in Six-Sigma project in the area of Export P&L and Customer wise P & L
- Conducted techno-commercial feasibility study for GSM Mobile phones and Front-loading washing machines
- Significantly contributed to the Y+10 strategy development It involved planning for 10 years in advance, on the basis of sales performance, production, profitability & market shares
- Played a major role in setting up budgetary process in new LG plant in Pune
- Bagged the MD Award in May’04 for successfully completing the Six-Sigma Project for customer wise P& L accounting.
ABAS – Senior
Price Waterhouse Coopers
04.2002 - 02.2004
- Compiling Listing Agreement for consolidation of accounts, Limited Review and Corporate Governance
- Efficiently conducted Statutory and Internal Audits, as per Schedule VI of Companies Act (1956)
- Successfully carried out projects involving review of existing internal controls, suggesting ways to improve the same, preparing required questionnaire and creating the database for implementation of ERP modules
- Successfully handled Statutory / Tax Audits & Limited Reviews of leading companies.
Audit Manager
Lodha & Co (Chartered Accountancy Firm)
07.2001 - 03.2002
Education
Chartered Accountant -
Institute of Chartered Accountant of England And Wales, United Kingdom
01.2019 - 04.2021
Chartered Accountant - undefined
ICAI
Company Secretary - undefined
ICSI
Executive Education - undefined
Indian School of Business (ISB) Hyderabad
Cost & Works Accountant (I) - undefined
ICWAI
Insolvency Resolution Processional - undefined
Insolvency and Bankruptcy Board on India
BCom (Honours) -
Hansraj College, University of Delhi
04.1993 - 04.1997
Skills
Adaptable to market fluctuations
Key member of groups restructuring activities
Successfully implemented compliance with excise laws on PAN India basis after introduction of excise by budget 2011 on Ready Mix Concrete
Handled secretarial function dealing with professional board consisting of HOLCIM group representatives Was instrumental in merger of 10 subsidiaries in ACC Limited
Reviewed the taxation practices followed by group with respect to tax laws and suggested tax planning measures to reduce overall tax paid by the company
Conducted the pricing and market study which has lead to better rate negotiation
Developed investment tool which comprehensively analyze various investment opportunities explored by group
Leads the IFRS implementation and compliance
Head of corporate procurement committee to negotiate & finalize term contract with vendors and established Savings of over 10 crores
Actively managed the valuation of investments in various investee companies as per discounted cash flow method
Collecting of information for consolidation of various associates, joint venture and subsidiary companies
Implemented reporting framework to monitor progress of investments
Ensured proper representation of the company at board of various investee companies
Proficiently conducted feasibility/risk assessment studies for new ventures, mergers acquisitions and investments
Proficiently handled brand wise/ pack wise cost statements, variance analysis and bill of Material
Efficiently conducted feasibility / risk assessment studies for new ventures and mergers acquisitions
Initiated the process of making Rationalized Profit & loss account on the basis of planning assumption & results of variance analysis Rationalized Profit & Loss is used by the company to validate the actual profit of the company
Active participated in implementing pricing in JD Edward accounting package
Efficiently set up the costing structure of International liquor brands to be sold in India
Successfully handled MIS / business forecast reports for Pernod Ricard for decision making in the areas of brand-wise P&L and manufacturing cost statements, Sales / AR analysis, Inventory and Rotation days, Manpower utilisation
Recreated cost of production files to use the same in planning New files more clearly demonstrated the changes in overall cost due to changes in one or more elements of cost
Conducted critical analysis of sales volumes, overheads, process losses and cost statements
Handled pricing of liquor products in view of state duty structure, pricing of competitor products and state excise policy
Efficiently conducted feasibility/risk assessment studies for new product ventures and contributing to the preparation of the overall business plan (including Sales, Production, Import plans, P&L account and manufacturing cost, Balance Sheet, etc) and investment plans for capacity enhancement
Successfully involved in Six-Sigma project in the area of Export P&L and Customer wise P & L
Conducted techno-commercial feasibility study for GSM Mobile phones and Front-loading washing machines
Significantly contributed to the Y10 strategy development It involved planning for 10 years in advance, on the basis of sales performance, production, profitability & market shares
Played a major role in setting up budgetary process in new LG plant in Pune
Bagged the MD Award in May’04 for successfully completing the Six-Sigma Project for customer wise P& L accounting
Compiling Listing Agreement for consolidation of accounts, Limited Review and Corporate Governance
Efficiently conducted Statutory and Internal Audits, as per Schedule VI of Companies Act (1956)
Successfully carried out projects involving review of existing internal controls, suggesting ways to improve the same, preparing required questionnaire and creating the database for implementation of ERP modules
Successfully handled Statutory / Tax Audits & Limited Reviews of leading companies
Financial reporting and analysis
Financial Forecasting
Strategy Development
Decision-Making
Internal controls implementation
Resource Allocation Planning
In-Depth Research
Mergers and Acquisitions
Investment Management
Regulatory Compliance Knowledge
Compliance Assessment
Strategic financial planning
Adaptable to market fluctuations
Key Experience
Strategic Financial Management / New Initiatives. Heading finance functions involving designing & implementing systems, policies & procedures to facilitate internal financial control towards the accomplishment of organisational goals. Screening new projects, conducting feasibility studies and preparing project reports to determine the financial viability of new ventures; projecting cash flow and growth opportunities.
Treasury
Formulation of treasury strategy and arranging of funds by way of debt, Relationship management with Banks, Utilization and management of fund and non-fund based limits
Budgeting Mis
Formulating budgets, projecting actual based on changes in budget assumptions, conducting variance analysis and implementing corrective actions to achieve organization objectives, Supervising the preparation of MIS reports and other statements to provide feedback to top management on financial performance viz fund management, credit control, profitability, etc
Accounts Costing
Finalizing the accounts according to the International Financial Reporting Standards, Reviewing monthly production and sales turnover and monitoring and analyzing of sales and inventory, Designing & implementing systems & procedures for the preparation & maintenance of statutory books of accounts and financial statements, ensuring compliance with time & accuracy norms, Liaising with banks for long/short term loans and managing the working capital, Negotiating all types of (complex, back to back, etc) international and local Letters of Credit, Letters of Guarantee and reviewing outstanding guarantees and letters of credit
Auditing
Preparing audit programs, scope for audit and responsible for delegation of work to subordinates, Coordinating with Internal and Statutory Auditors to complete their audits for finalization of balance sheet as per I Gaap as well as IFRS, Evaluating internal control systems / procedures, preparing audit reports with a view to highlight the shortcomings and implementing necessary recommendations, Understanding audit requirements; observing & validating process for quality procedures
Fund Sourcing Control
Liaising and negotiating with banks and financial institutions for raising fund and non-fund based facilities to meet working capital and project requirements, Monitoring the inflow & outflow of funds and ensuring optimum utilization of available funds in profitable investments to accomplish organizational goals
Statutory Compliances
Ensuring compliance with corporate, taxation, Foreign exchange, labour and other statutory laws, Conducting of board and general meetings, preparation of minutes, annual filing of financial statements, various forms, for registration of charges
Taxation
Compliance with the customs act for EPCG, MOOWR, SVB, Anti dumping duty prospective, Compliance with the direct and indirect tax laws applicable in India, Ensuring international transactions are properly structures so that they passes the tax net for Permanent Establishment and Arms’ length related issues
Pricing Costing
Reviewing the pricing proposals to ensure achievement of organization thresholds and objectives, Understanding and developing the cost of production files to assess the impact of changes of various elements on cost, Ensuring economical sources of supplies are explored to maximum
Team Management
Projecting employee turnover vacancies and job requirement Ensuring grooming of team members through job rotation and other methods to meet deliverables, Leading, training and monitoring performance of the team members for maintaining excellence in the service operations
Accounts Payable Receivables
Interacting with suppliers / creditors for timely payments and handling receivables through ageing analysis for ensuring the collections target with prominence to organization liquidity, Performing the reconciliation of vendor, dealers and distributors accounts for discovery of potential dispute and timely resolving of the same, Ensuring speedy processing of payments to creditors and preparing credit notes as per the agreed terms, Assessing the dependence on vendors and suggesting the requirement for new vendor development
Current Responsibilities
Established Kingspan Group in India from Investment to setting up MNC control environment. Key member of procurement and capex committee to explore new business opportunities. Responsible for overall finance which include Planning, Treasury, MIS, Accounting, Taxation, & Control establishment. Treasury management which includes management of an enterprise's holdings, with the ultimate goal of managing the firm's liquidity and mitigating its operational, financial and reputational risk. Project management to see disbursement is correlated to the project progression. Responsible for raising fund and non-fund-based limits and allocation according to the forecasted cash flow. Coordinating with various banks for issue and maintenance of both fund and non-fund based limits. Managing Direct and Indirect tax issues in pan India manufacturing and marketing environment. Along with the manufacturing team do the production planning, tracking cost of production, establish transfer price to marketing department. Seeking compliance with the applicable laws.
Personal Information
Date of Birth: 05/15/77
Accomplishments
- Supervised team of [Number] staff members.
- Achieved [Result] by introducing [Software] for [Type] tasks.
- Documented and resolved [Issue] which led to [Results].
- Resolved product issue through consumer testing.
- Achieved [Result] by completing [Task] with accuracy and efficiency.
- Achieved [Result] through effectively helping with [Task].
- Used Microsoft Excel to develop inventory tracking spreadsheets.
- Collaborated with team of [Number] in the development of [Project name].
Software
MS Office
Timeline
Chartered Accountant -
Institute of Chartered Accountant of England And Wales, United Kingdom
01.2019 - 04.2021
Associate Vice President
Videocon Industries
08.2014 - 05.2018
Finance Controller and Head Procurement
ACC Ltd
08.2010 - 07.2014
Vice President Finance
Trikona Capital
07.2007 - 07.2010
Manager Finance
Seagram India P Ltd
11.2004 - 07.2007
Senior Executive-Corporate Planning
LG Electronics India P Ltd
02.2004 - 11.2004
ABAS – Senior
Price Waterhouse Coopers
04.2002 - 02.2004
Audit Manager
Lodha & Co (Chartered Accountancy Firm)
07.2001 - 03.2002
BCom (Honours) -
Hansraj College, University of Delhi
04.1993 - 04.1997
Director Finance
Kingspan Group
5 2018
Chartered Accountant - undefined
ICAI
Company Secretary - undefined
ICSI
Executive Education - undefined
Indian School of Business (ISB) Hyderabad
Cost & Works Accountant (I) - undefined
ICWAI
Insolvency Resolution Processional - undefined
Insolvency and Bankruptcy Board on India