Hemant Kumar Tripathi Email & Phone Number

New Delhi, Delhi, India

Financial Management Responsibilities1. Oversight and Governance:o Manage all financial and accounting activities, including accounting, taxation, compliance, and plant accounting.o Ensure adherence to group accounting policies and internal controls.o Handle audits (IGAAP, tax, group audits) and ensure compliance with legal requirements.2. Financial Strategy and Planning:o Develop and implement financial strategies to minimize costs, manage exchange fluctuations, and ensure timely interest payments.o Drive financial performance through value-creating guidance and establish financial targets/KPIs in collaboration with plants.o Oversee cash management, working capital optimization, and budget development.3. Operational and Project Management:o Validate and support plant projects, lean initiatives, and capital expenditures, ensuring profitability and effective investment execution.o Negotiate with buyers and approve pricing/payment terms to maximize realizations.o Analyze and monitor budget vs. actual performance, identifying gaps and recommending corrective actions.4. Stakeholder and Risk Management:o Manage stakeholder relationships and ensure proper tracking of material handling, including scrap and storage.o Identify financial and operational risks, communicating them to management to support informed decision-making.o Establish best governance practices and ensure internal control environment is strong and compliant.5. Compliance and Reporting:o Ensure compliance with various audits, tax regulations (Direct and Indirect taxes), and financial reporting standards.o Handle due diligence for mergers and acquisitions, and manage income tax assessments.6. Operational Excellence:o Validate lean projects and explore lean opportunities for cost savings and efficiency improvements.o Monitor policy adherence and implement plant-level controls for company policies and procedures.

Annual BudgetCreate annual plant budget with management input.Budgeting & analysis of End-to-End Supply Chain Cost and R&D CostCost Management of all productsCollaborate to set and achieve targets/KPIs.Review lean savings, labor/resource planning, and capital spending.Prepare and present the budget package.Forecast & ClosingLead and finalize monthly financial closing; review division financials before consolidation.Ensure integrity and analysis of P&L and Balance Sheet.Inventory control and valuationIdentify and communicate financial/operational risks and opportunities.Report and confirm financial results to plants and global team.Prepare monthly reports for the plant and division.Capitalisation of assets & Working capital managementConduct plant financial reviews.Operations SupportSupport strategic planning and analysis for plant operations.Manage daily, weekly, monthly, and annual financial reviews.Validate and identify lean opportunities.Assist with plant projects and initiatives.Internal ControlsEnsure compliance with accounting policies and procedures.Establish and maintain strong internal controls.Oversee policy adherence and implementation.Conduct and review audits as required.Financial SupportProvide financial advice for plant operations.Oversee inventory and related financial aspects.Risk assessment and ensuring adequate assets and liability insurance covers and claim managementManaging accounts receivable and account’s payable functionGST compliance and review.Dealing with banks and NBFC for fund management.AuditsLead and manage statutory and group audits.Coordinate with auditors for timely completion.Lead tax audits and assessments.Ensuring Tax compliance in all business transactions

Delhi Ncr

Accounting, Auditing & Assurance service  Statutory Audit & Certifications  Designing and audit of standard operating processes and internal financial controls for corporate clients  Internal/Statutory Audit of Manufacturing companies Due diligence of corporate Implementation of process improvement projects and cost-saving methodsConsultancy under Company law  Compliance under the various provision of the companies Act and other fiscal laws.  Consultancy on maintenance of various statutory records, registers, and forms.  Representing before NCLT & Registrar of CompaniesConsultancy under Direct Taxation  Assessment/Reassessment Compliance relating to advance tax, TDS/TCS, and Tax consultancy  Tax Planning for transactions, Transfer pricing assessment, and designing the tax-efficient structure.  Representation before income tax authorities and tribunal Consultancy under Goods and Service Tax  Registration under relevant Laws  Preparing & filing various Returns  Consultancy relating to transactions. GST Refund, Assessment, Audit and litigation cases

Faridabad

Leading a team of nine members General Accounting & Taxation: > Ensure timely submission of monthly MIS reporting pack to Asia Pacific team. > Ensure submission of Outlook and Variance analysis file to Asia pacific team > Ensure financial closing for standalone and consolidated financial results as per IGAAP for financial year and group reporting based on calendar year > Assist with financial reporting as required at Board meeting and the Annual General Meetings > Ensure compliance of accounting policies, Group Guidelines and Implementation of IND AS (IFRS) > Ensure adherence of standard operating procedures (SOP) and internal financial controls (IFC) > Responsible for ensuring statutory compliance and tax compliance > Ensure smooth conduct of internal audit and implementations of recommendation and remedial measures for deviations. > Reporting plants profitability. > Dealing with internal auditors and statutory auditors. > Fixed assets management (capitalization, review CWIP, physical verification) > Oversee accounting function including maintenance of the general ledger, accounts payable, accounts receivable and payroll > Ensuring tax compliance, returns, Tax audit and Ligation at various levels Budget, Forecasting and Costing: > Monthly review of profit and loss, variance analysis and preparation of causal working having details of all major variance. > Review variance analysis and instructing to plant team to control deviations and adherence of budget. > Ensure cost reduction as per continuous improvement plan by Asia pacific team i.e. Improve Gross Margin, reduce VOGS and FOGS over and above Budget. > Monthly working capital estimates, cash flow estimates > Ensure preparation of five yearly, annual and quarterly financial budgets and nearest outlook. > Coordination with different departments for budget and outlook inputs. > Inventory valuation and maintaining annual standard rate > Monitoring variable and fixed expenses at plant

Noida Area, India

Led Team of 12 Members1. Responsible for finalizing standalone financial results and consolidation as per (IGAAP) & half yearly reporting in IFRS/USGAAP. 2. Ensure reconciliation bridge of IGAAP and IFRS. 3. Finalizing general ledger entries for monthly, quarterly and annual closing. 4. Responsible for cash flow and working capital management 5. Responsible for month end reporting and analytical reviews of financial statements. 6. Review of accruals / provisions and review of Manual Journal postings. 7. Responsible for completion of financial transaction processing as per closing calendar. 8. Analyses of overheads and other group expenses. 9. Undertakes ad-hoc analytical and reporting assignments at the request of stakeholders. 10. Ensures accurate accounting for non standard items. 11. Analyzing the financials 100% subsidiaries for consolidation and transfer pricing billing. 12. Closely monitoring operating cost of various strategic business Units (SBU) and submission of monthly flash report and exception reports. 13. Coordinate with statutory auditors and internal auditor. 14. Ensure smooth conduct of internal audit and implementations of recommendation and remedial measures for deviations. Taxation: 15. Ensuring monthly Transfer price billing of all subsidiaries according to Master Service agreement with holding company (Associated enterprises). 16. Getting prepared Transfer pricing study for all companies as per Income Tax act 1961. 17. Handling Income Tax litigation at various levels majorly for transfer pricing i.g TPO/DRP/CIT (A) and ITAT. 18. Preparing various details for assessment to avoid any adverse order by TPO/DRP/CIT (A) and ITAT. 19. Keeping income tax tracker updated to avoid any unattended order, litigation etc.

Gurgaon, India

1. Finalizing general ledger entries for monthly, quarterly and annual closing. 2. Preparing Notes/Schedules as per IGAAP. 3. Worked as core Team member to review and map accounts codes for IFRS and revised schedule VI implementation. 4. Month end reporting and analytical reviews of financial statements as per reporting pack of holding company Suzuki Corporation Japan. 5. Preparation and review of accruals / provisions and review of Manual Journal postings. 6. Ensures accurate accounting for non standard items. 7. Monthly preparation of location and cost center wise expenditure report and comparison of the same with budget and past period for exception. 8. Undertakes ad-hoc analytical and reporting assignments. 9. finalizing the entry for material consumption at plant level, and variance reasoning. 10. Analyzing the financials of Joint venture and 100% subsidiaries for monitoring the performance. 11. Process improvement / bring in controls / deployment of cost management initiatives. 12. Coordinate with statutory auditors and internal auditor for closing activities. 13. Working on ERP (oracle 11i) general ledger, fixed assets and accounts payable module. Special Assignment. 14. Configure oracle applications Finance & dependent modules setups affecting accounting and costing (including Vendor, Item Creation, Taxes Setups, Hierarchy, Bank accounts Mapping, Code combination creation etc.) 15. Trouble shooting of Accounts payable, purchasing and fixed assets module of oracle 11i 16. Coordinate with various departments for any new requirements, developments or improvements in ERP (Oracle 11i)

New Delhi Area, India

Led Team of Five members > Finalizing standalone financial results, consolidation of accounts of subsidiaries & associate. > Preparation of financial presentation for board of directors, FAQ’s for analyst/investors and competitor’s financials comparison. > Conceptualized ‘Activity Chart’ for monthly/quarterly/annual financial closing ensuring completeness of various process, compliance of various accounting standards, companies act and SEBI requirement. > Coordination with external and internal auditors to ensure smooth carrying of audit. > To ensure timely book closings of all subsidiaries for publishing quarterly results both stand alone and consolidated. > Preparation of financial accounts (P&L, B/S and Cash Flows) with detailed schedules and notes under Indian GAAP handling audit issues relating to them. > Review and Reconciliation of General Ledger Accounts, Accounts Receivables, Accounts Payables & Inter-Company reconciliations. Follow up with cross functions for timely closure of aged provisions and open items in reconciliation accounts. > Preparation of Profit and Cost center-wise financial profitability MIS on monthly basis. The rational to prepare these reports is to ascertain the financial viability of the Products offered by the Religare in different verticals. > Financial analysis for acquisition/reply to statutory authority/banks/setting up branch Special Assignment > Worked as core team member in implementation of oracle 12R. Major responsibility was preparation of chart of accounts, fixed assets mapping, vendor mapping, code combination etc. > Coordinate with various departments for any new requirements, developments or improvements in ERP (Oracle 12R) > Designed and implemented ‘To be process’ for merger of accounting books of Regius InfoTech Limited and Religare Technova global solution Ltd, enabling efficient financial accounting after merger. > Participated for DRHP of Religare Enterprises Limited for IPO purpose.

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