Balakrishnan K Email & Phone Number

Chennai, Tn, In

Chennai, Tamil Nadu, India

Team Lead and Head of Cost Management TeamPreparation of Annual Business Plan, Standard Cost, Cost Reduction Targets, Labour Cost Planning and Analysis, Pricing Decisions, Profit Improvement Activities among others...

Greater Chennai Area

Preparation of Standalone & Consolidated Financial Statements under IFRS for Group Reporting and under Ind AS for Local ReportingCoordinating with Big 4 Audit Firms for Limited Review Group Reporting, Statutory Audit, Tax Audit, Transfer Pricing AuditReviewing the GL accounts, Inter Company Reconciliations and transactions etcTesting operating effectiveness of Internal Financial Control over Financial Reporting, suggesting and implementing controls wherever necessaryEnsuring hassle free month end/quarterly/annual book closing activities.

Chennai Area, India

Preparation and Reporting of Feasibility Analysis of New Product introduction, Sales to New Geographical location, Introduction of new variants in Existing models (Addition or Deletion of Features) with cross functional team coordination.Preparation and Reporting on Product Profitability Analysis on a monthly basis, analyzing reasons for cost variations, mix impact, scope for improvements.Competitor Profitability Analysis and bench-marking studyStrategic Planning of operations to improve profitability for Group companies in coordination with Taxation teams, determining the processes and controls etc.

Preparation of Annual Business Plan for the Company (Planning the Profitability for the company including Product Mix, Region Mix, Component Mix)Cost Planning and Cost Reduction on a monthly/yearly basis in coordination with Sales and Production teams, HR and purchase teams, fixing KPI Targets for multiple teams and reviewing and reporting the performance to Top Level Management on a monthly basis ensuring corrective actions for improvementPreparation of Annual Budgeting at various cost centers and cost element level, fixing cost targets for each departments, viewing the actual cost with variance analysis on monthly basis and reporting to management on the performance.Coordinating for month end closing of books like Cost Allocation, Inventory Valuation and financial reporting.Ensuring Profit improvement on monthly basis identifying areas of improvement at Cost Element level like Material, Labour, Overhead, Wastages etc and approving Innovative projects considering the cost benefit analysis, quality improvement etc.

Company Secretary, Company Law, Statutory Acts

Cost And Management Accountant, Costing

Chartered Accountant, Accounts,Audit,Tax,Finance

B.Com (Accounting And Finance ), Accounting And Finance

Education record