Avinash Kumar Email & Phone Number

Uttarakhand, India

Mumbai, Maharashtra, India

 To ensure proper costing for all projects and in line with the respective approved budgets (on line level), maintaining BTG and CTC for individual projects and presenting the same Lesioning with cost auditor, preparing the schedules and details for all details for the SBU, providing detail and justification for cost audit numbers and variations w.r.t. previous year. Raising the flag for expected cost over-run ongoing basis monthly Maintaining BVN (Budget variation note) for all projects on monthly basis, doing variance analysis and presenting the same to respective stakeholder and management for mitigation of same. Assessment of all pre order enquiries and flagging the commercial and cost risks for further negotiation with customer and participate in negotiating the same with customer along with sales team. Timely Closure of all Monthly and quarterly MIS to provide insight to management. Looking into all receivable and old BG risk and setting monthly targets for minimize the risk Guiding team for activities like billing, retention billing, ABG collection, PBG submission and retention collection.  Ensuring LD mitigation and preparation of documents for LD mitigation for delay not from Wipro part  Sharing the learning from post order review for further betterment in terms and conditions and risk involved in order received on monthly basis. Preparing and updating SOP’s for costing and commercial functions activities.

Ahmedabad, Gujarat, India

 To ensure proper costing for all the verticals and projects in line with the respective approved budgets for projects.  Doing cost settlements for all the projects from equipment orders, Consumption orders, Internal Orders and cost center to correct WBS . Ensuring all the DPR and SES correctness and provide data to respective project team for correction Timely Closure of Equipment orders, Consumption Orders. Prepare Budget Vs Actual for review with higher Management to make them enable to take corrective decision if required.  To ensure depreciation cost and asset capitalization for the projects correctly within time.

Bhopal Area, India

 ACCOUNTS RECEIVABLE: - Chasing RA bills to fulfill the collection target of the company. Maintain BOQ wise and Bill wise Collection report. Prepare Monthly Revenue report, Bill Un-Billed Reconciliation, find the reasons of unbilled. Timely collection of Certificate against Statutory deduction. Keep tracking the validity of Bank Guarantee, Indemnity Bond, Power of Attorney, and Insurance etc. proper coordination with client. Monitoring PV Bill and Supplementary bills for Royalty escalation.Internal audit, statutory audit and cost audit co-ordination with auditors. ACCOUNTS PAYABLE: -Checking, Verification and Accounting Sub-Contractors and Suppliers Bill, Manage day to day site expenses. Checking Cash Bank Statement and Reconciliation. Prepare aging analysis for outstanding bills, Vendor reconciliation. Prepare data for Monthly Closing Activity. Tracking of Sub-contractor bill raise vs. work order issued. Initiate online approval (CPDC) for expenses with comparative of proposed expenses Vs. Budget and tender cost. Prepare Comparative of proposed cost with Revenue. Checking commercial terms & condition of Work Order/LOA etc. MIS –BUDGETING AND COMMERCIAL: -Prepare Monthly cost and revenue analysis for the project, Monthly & Quarterly Budget, Monthly Comparison of actual cost with project control budget. Prepare MIS for NFB of INR 195 crores. Prepare ABG and PBG for the project and extension/releasing of Bank Guarantees for the projects. compliance of sanctioned conditions for the NFB. Negotiating and discounting of LC’s for the project. Prepare different type of reports to Management for timely decision making. Preparing fixed asset register and schedules for the project and sharing the same to HO with depreciation calculation for the period. INDIRECT TAXATION:-Prepare monthly Data for GST and send to corporate taxation for consolidated return. Monitoring statutory and concessional forms, co-ordinate to HO for compliances.

Noida Area, India

Handled the finance function as head finance for Business Unit for all the projects undertaken. To check and validate the tender costing WRT overheads & taxation for respective tenders To give input from on commercial and taxation angle for all the contracts before entering into the contract. Negotiating with vendors/Suppliers to optimise the cost w.r.t. budget and taxation Managing NFB lines of INR 160 crore for the Business unit. Issuance of LC for the projects for the Business unit and extension whenever required. Negotiating and discounting letter of credit Suppliers credit/RA for FLC Arranging issuance of Bid BG, PBG and ABG in line with customer contract terms/formats after due checking and extension if required.  Negotiating the commercial terms with customer after LOA is awarded Preparing and managing budgetary control for projects and whole business unit To review all cost related to business unit cost centre wise and business area wise Preparation and review of monthly MIS for management committee meeting to enable management for insight about the business To manage all activities of finance, accounts and taxation for the business unit Prepare and manage MIS (including separate MIS for NFB for appraisal/renewal of NFB facilities) for sharing with business head to take corrective action Calculation of revenue as per AS-7 and Ind AS

- Preparation of Project Profitability on monthly basis- Budgetary Controls and Variance analysis, Comparison of Costing & Financial Profitability- Preparation of Various types of MIS Reports like, Actual Vs Budget, Cash flow & CTC etc.,- Receivables and Payables management- To improve Accounting System & provide all possible system generated information for the various MIS purpose. - Preparing and Ensuring MIS reporting at month end covering various activities- Timely review of Budget and preparation of Revised budget quarterlyImplemented the Project controlling system in ERP Oracle- Implemented various types of Reports to get full control on Project Like, Cost Control Kit, Sales Control Kit and Revenue Control Sheet etc.,- Maintenance of Vendor Control Sheets and Project AccountingMonthly Financial Reporting to Parent Company ( China )

New Delhi Area, India

 Vendor, Customer, BRS and Inter Branch Reconciliation Preparation of TDS,VAT & Service Tax Reports Internal Audit, Statutory Audit and Cost Audit Co-Ordination with Auditors Preparation and Maintenance of Cost Records for Cost Audit Done Product Costing and Process Costing Involved and assisted for finalization of Books of Accounts

Cost And Works Accountant, Acounts,Finance,Taxation

Activities and Societies: Actively participated in Global summit ICWAI Costing,MIS,Financial management,Reporting,Taxation

Bachelors, Commerce

Economics,English,Accounts,Taxation