More Related Content
What's hot (20)
Similar to Resume_Milan_2015_1 (20)
Resume_Milan_2015_1
- 1. MILAN MAHANTI Mobile: +91 9689898164 E-Mail: milan_mahanti@yahoo.com Seeking Senior Managerial Level Assignments: Financial Controller / Business Analyst PROFESSIONAL SNAPSHOT A dynamic professional with 15 years experience in: -Strategy Planning, Business Planning & Controlling -Finance & Accounts -Budgeting & MIS -Fund Management -Statutory Compliance -Costing -Revenue / Audit -Liaison Work -Team Management -General Administration Demonstrated business acumen in leading & managing finance operations and contributed higher rate of organic growth. Proficiency in Controlling, Business Planning, Strategic Planning, Budgeting, Management accounting, Costing, MIS, receivables & payables management. Proven ability in improving operations, enhancing business growth & maximising profits through the achievements in finance management, internal controls & productivity improvements. Expertise in monitoring the inflow & outflow of funds and ensuring optimum utilisation of available funds towards the accomplishment of goals. Possesses significant leadership experience resulting in better financial performance and enhanced systems for higher performance of the team. Exceptional relationship building, analytical & negotiation skills with abilities in liaising with banks, financial institutions, vendors and regulatory authorities. EMPLOYMENT DETAILS Strategy Planning, Business Planning, Financial Planning & Control Maximizing Revenue and the bottomline by adopting various strategy, timely commercialization of projects, products continuous analysis to arrest revenue leakage and cost control to make the business sustainable and focussing on growth in accordance with the industry. Keep updated about the competition and Industrys growth. Determining financial objectives and preparing & implementing systems, policies & procedures to facilitate internal financial control in the areas of pricing, credit & collection. Preparing / managing budget and overseeing the execution of approved budget of the Departments. Long Term Financial Modelling / Strategic planning / Business Planning and Enterprise Valuation. Business Advisory Services Mapping business requirements & financial performance, conducting profitability analysis and rendering sustained advisory services; exploring profitable opportunities and reworking the business / finance models to achieve organisational and growth objectives. Examining, evaluating, reporting & recommending improvements on the adequacy and effectiveness of management's risk management processes. Analysing business processes, conducting benchmarking study / trend analysis and using various business tools to assist the critical decision making process. Carrying out Industry and Competitor Analysis. Costing & Fund Management Handling cost monitoring & reward system; assisting in planning, resource allocation & control so as to emphasize the financial point of view Managing cost accounting programs like Budgetary Control, Standard Costing, Break Even Analysis, Marginal Costing, Cost Sheet and reconciliation of cost & financial accounts; analysing actual costs through standard cost sheets and preparation of variance reports. Monitoring inflow / outflow of funds; taking adequate measures to ensure optimum utilisation of available funds towards the accomplishment of objectives; liaising with banks & financial institutions for raising funds, working capital & cash credit requirements and effective utilisation of the funds. Indirect Purchase Handling the procedures of Indirect Purchase, leading a CFT of 5 members. Negotiating with vendors, controlling cost and managing companys profitability. Accounting & Administrative Functions Analyzing the expenditure on a monthly basis to control expenses. Preparing and analyzing Board of Directors Meeting, Chairman Review Meeting, Execo Meeting papers.
- 2. Audits & MIS Handling the complete planning & management activities for ensuring completion of internal, statutory audits within time and cost budget; interfacing with Internal Auditors & Statutory Auditors for review of accounts & report. Monitoring on production planning, input/output ratio, material Loss, gain / loss of each shop, capacity utilization, efficiency / recovery, stock position, debtors & cost reduction areas, etc. Statutory Compliance / Secretarial Managed the overall transaction towards demerger of JV partner which includes redemption of preference share, infusion of new equity, EGM, Board Meeting, dealing with RBI, ROC, Authorised Dealer (Deutsche Bank), FC GPR, FC TRS, FIRC, Form 2, Form 5, Allotment of shares, valuation of Equity Share. Share Transfer Deed, etc. Adhering to statutory compliance including timely payment of Service Tax, TDS, PF, Profession Tax, R&D Cess, etc. Responsible for VAT return, VAT Audit, quarterly TDS return, etc. CAREER GRAPH TACO Technical Centre, Pune - DGM Finance (CFO) Since Sept14 Highlights: Heading the Finance department responsible for achieving Companys bottomline through maximizing sales and controlling costs. Accountable for managing working capital and cash flow, special focus on overdue, established process to minimize and continuous follow up for overdue. Tracking on commercialization of new projects / products as per the timeline. Responsible for business case for new project. Pricing to Customer is as per the final business case sign off. Preparing Budget and Forecast for current year, next year Budget and next 2 years plan. Preparation of Strategic planning for next 5 years. Mapped and controlled the capital expenditure requirement and post installation review is being carried out. Accounting, taxation and compliance responsibility for two subsidiaries located in Germany and UK and two branch offices in USA and Japan Responsible for all direct and indirect taxation compliance for the division. Responsible for completion of Statutory Audit, Internal Audit, Transfer Pricing, Related Party Transaction on time without any NC. Knorr Bremse Systems for Commercial Vehicle India Pvt. Ltd. Pune - DGM Finance Feb09 Aug14 Highlights: Supervising the Strategic planning with a CFT of 6 people to maximize companys profitability by doing VAVE, Alternate supplier, improving Yield %, enhancing after market sale. On revenue side supplies ramp up for meeting the stretched target, analyzing customer debits and focus on rework and make the product marketable either OEM or after market. Continuous tracking on commercialization of new projects / products as per the timeline. Entrusted as Product Cost Controller Controlling cost of different phases (Project order to Commercialization) of the Project. Preparing Budget and Forecast for current year, next year Budget and next 2 years plan. Preparation of Strategic planning for next 5 years. Successfully prepared HK1 (material cost + Plant OH) and beyond HK1 costing, business case for the new projects and check the viability of the new business and emphasized on cost control to maximize profitability and monitor the budgeted and actual performance on monthly basis. Completed the audit within deadline with no major Non Compliances. SAP Process Co-ordinator and successfully completed Business Blue Print In charge of CO (controlling) module and working knowledge of FI module. Streamlined the 5 Years Business Planning / Enterprise Valuation which helped the Parent Company to buy back the shares of other JV Partner. Headed the role of Indirect Purchase and negotiating with Vendors to minimize the cost and improving bottom-line. Mapped and controlled the capital expenditure requirement and post installation review is being carried out. Managed Working Capital smoothly and putting surplus fund in FDs. Continuous tracking on slow and non moving inventory and weekly action plan to reduce it. Monitoring in transit stock and recall if it is more than 180 days. Special focus on overdues, established process to minimize and continuous follow up. Reviewed Cost increase proposal by supplier / price reduction by Customers and adding value to maintain companys profitability. Involved in the process of External Commercial Borrowing and complete documentation. Liasioned and introduced Buyers credit and Vendor discounting for payment to supplier. In charge of establishing IT and operational process for new warehouse near to customer location. Introduced the Process of Capex / Tooling Renewal of order from Special Valuation Bench - Customs, Clean order for Income Tax Assessment, Transfer Pricing Assessment, Excise and Service Tax Audit, VAT Assessment.
- 3. Preparing and analyzing Board of Directors Meeting, Chairman Review Meeting, Execo Meeting papers. Managed a team of 8 (direct), operational 25. Involve in CFT for new projects / products. Bagged the Knorr Bremse Excellence Award for outstanding, Innovative initiative & significant value addition for the organization. Taco Sasken Automotive Electronics Ltd., Bangalore Sr. Manager Dec07-Feb09 Highlights: Entrusted as Product Cost Controller Controlling cost of different phases (Project order to Project end) of the Project. Prepared business case for the new projects and check the viability of the new business and emphasized on cost control to maximize profitability and monitor the budgeted and actual performance on monthly basis. Controlled CAPEX and Revenue Expenditure during economic recession. Liasioned with Banks for Term Loan & Working Capital Loan. Monitored the inflow / outflow of funds; taking adequate measures to ensure optimum utilisation of available funds towards the accomplishment of objectives. Managing cost accounting programs like Budgetary Control, Standard Costing, Break Even Analysis, Marginal Costing, Cost Sheet and reconciliation of cost & financial accounts; analysing actual costs through standard cost sheets. Preparing and analyzing Board of Directors Meeting papers. Bagged the TSae Excellence Award for outstanding, Innovative initiative & significant value addition for the organization. Dish TV, NOIDA Sr. Manager Jan06-Dec07 Highlights: Prepared the Biz Model based on restructuring of the various biz entities for Bankers & Private Investors which helped Company to go for Private Equity placement of Rs. 700 Crores and also term loan of Rs. 500 Crores. Continuous interaction with operation team and find out ways to stop revenue leakage, hence improving Companys wealth. Preparation of process flow and process documentation for standardization and control of internal processes. Mapped the capital expenditure requirement and post installation review is being carried out. Completed the audit within deadline with no major Non Compliances. Liasioned with Banks for Term Loan & Working Capital Loan. Monitoring inflow / outflow of funds; taking adequate measures to ensure optimum utilisation of available funds towards the accomplishment of objectives. Managed cost accounting programs like Budgetary Control, Cost Sheet; analysing actual costs vis-a-vis budget and preparation of variance reports and a team of 7 (direct), operational 20. Received the DISH Excellence Award for outstanding, Innovative initiative & significant value addition for the organization. HEG Ltd., NOIDA Deputy Manger Sep00-Jan06 Highlights: Foreign Currency Convertible Bonds (FCCB): Carried out entire documentation, base work and co-ordination with Merchant Bankers for the placement of FCCB issue in London. Monitoring on production planning, input/output ratio, material Loss, gain / loss of each shop, capacity utilization, efficiency / recovery, stock position, debtors & cost reduction areas, etc. Analyzing the expenditure on a monthly basis to control expenses. Preparing and analyzing Board of Directors Meeting, Chairman Review Meeting, Execo Meeting papers. Dexterously handled the projects like: o Involved in Viability Study, Financial Modelling, Critical Equipment Analysis, monitoring on Cash Flow, Project Financing, Costing, monitoring on delivery of items, Cost Comparative Study of different suppliers for Capital Goods, Continuous monitoring on Progress Review of the Project. o Analysis of Cost Cost of Finished Product, Process wise Costing, Factory overheads, Financial expenses of all units are compared and analyzed. o Involved in Project Financing for expansion of the current plant, participation in fund raising of Rs. 500 crs, documentation for long term loan. o Involved in commercial activities, placing order for critical raw material, continuous monitoring on requirement and also doing in detail costing and cost benefit analysis of different suppliers. o LC opening and other formalities for purchasing of imported equipment. o Involved In Credit Rating Long-term done by Fitch, - Short Term done by ICRA & Project Appraisal done by SBI Capital Markets Ltd. Managed a team of 4.
- 4. Other Achievements Long term Financial Modelling / Strategic Planning / Business Model / Enterprise Valuation Prepared in HEG LTD. / Dish TV / Taco Sasken Automotive Electronics Ltd. / Knorr Bremse Systems for Commercial Vehicles India Pvt. Ltd. PREVIOUS EXPERIENCE Petronet CCK India Ltd., Coimbatore Management Trainee Jun99-Sep00 SCHOLASTICS MBA (Finance) from International Management Institute, (affiliated to Manchester Business School, UK and IMD Laussane), New Delhi in 1999. EMBA (Finance) from International Management Institute, New Delhi in 1997. B.Sc. (Statistics) from University of Calcutta in 1994. IT Skills SAP CO Module and working knowledge of FI module, worked in other ERP system like Oracle. Well versed with Windows 2007 including Ms-Excel, Ms-Word & MS PowerPoint. TRAININGS Training on Next Generation Leader / Team Building attended in Knorr Bremse, Taco Sasken Automotive Electronics Ltd. and Dish TV India Ltd. PERSONAL DOSSIER Date of Birth : 22nd May, 1973 Address : Row House no. 18, Dwarka Dheesh Garden, Rahatni, Pimple Saudagar, Landmark - Shivar Garden, Pune-411017 Location Preference : Metros