Sunil Verma Email and Phone Number

 Leading and controlling cost management, improving financial performance; controlling; product costing; pricing; financial planning and analysis: MIS reporting; strategic management; optimization; management accounting; capex control. Ensuring control on accounting and trail balance; spending; sanctity of ledgers; provisions; profit reconciliation. Implementing cost management strategies to optimize operational efficiency and maximize profitability Spearheading pricing and RFQ management; sensitivity analysis; vendor cost optimization; decision support system. Managing financial planning and analysis; formulating budgets; designing KPI’s; variance analysis to determine the difference between projected and actual results; corrective actions thereon. Risk identification; prevention measures; ensuring internal control procedures and systems functioning as per guidelines.  Managing plant controlling function; manufacturing cost control; cost impact validation; inventory control. MIS reporting; growth strategy formulation; system audit; identifying gaps and leading automations.  Coordination with stakeholders to solve emergent financial and controlling issues arising in daily business operation. People management, mentoring and supervising team to achieve company objectives. Audit Management; cost audit, statutory audit, internal audit; coordination with auditors.

 Managing a gamut of finance and accounting, cost management and financial controlling functions such as variance analysis, profitability management, internal control, product costing, cost optimization, pricing, management accounting, system improvement, handling Big Four audits, compliance, capex, inventory valuation, material consumption, feasibility analysis. Driving complete budgeting process, financial planning; exception reporting; implementing financial controls. Leading cost management, plant controlling; product costing; product profitability; management accounting. Managing working capital; cash flow; receivable and payables to meet the financial goals of profitability and liquidity. Ensuring proper provisioning; reconciliations; accounts finalization; monthly and annual closing of books of accounts. Conducting system audit; identifying gaps; leading automation, profitability enhancement; robust financial control. Ensuring sanctity, scrutiny, reconciliation of books of accounts and adherence to financial procedures and systems.  Managing capex feasibility; strategy formulation; RFQ; controlling profitability of new products.  Managing accounts receivable and accounts payable, reconciliations, negotiations and financial settlements. Validating notes to accounts, ensuring right application of accounting standards; closure of audit findings.Highlights: Negotiated the financial settlement with customers resulted into recovery of around 12 crores

Role:  Spearheaded the setting of annual standard cost of tractors, raw-material and components as a yard stick for comparison. Managed financial planning; formulating budgets and forecast; designing KPI’s; variance analysis; corrective actions. MIS reporting; management accounting; finance controlling; capex feasibility; transfer pricing. World class manufacturing (WCM); preparation of Industrial work book (IWB). Internal control procedures, process notes, systems and structures functioning in accordance with SOX compliance. Monthly and annual closing of accounts and coordination for balance sheet finalization under IND-AS and US GAAP. Financial planning and analysis; formulating budgets and forecast; designing KPI’s; reporting financial results, variance analysis to determine the difference between projected and actual results and corrective actions thereon. Spearheaded product costing; effective cost management system; productivity improvement; cost optimization. Leveraged the skills in managing a wide variety of tasks like:• Product costing; tracking cost movement of variants, product profitability analysis.• Established effective pricing mechanism; analysing mass BOM changes and its impact on cost.• Analyzing engineering changes having cost impact, order efficiencies and monitoring usage variances.• Inventory valuation and control of raw-material, WIP, FG, ageing, cycle counting, obsolescence. Validated notes to accounts and ensuring right application of accounting standards.  Financial mapping and integration of ledgers in ERP and successfully implemented LN 10.4 ERP system. Coordination with auditors to solve the issues arising out of statutory, internal, cost audit and compliances thereon.Highlights:• Holds the credit of launching accounting, costing and controlling process at Pune for SCH and combine plant.• Championed implementation of Finance Module in ERP LN 10.4. Awarded best employee for the FY 2014

Profile: Costing, MIS, Budgeting, Pricing, Variance Analysis.Highlight: Successfully coordinated the activities related to statutory, tax and cost audit across the group..

Profile: MIS, Costing, Treasury, CC limit, Liasoning with BanksHighlight: Bagged “Certificate of Recognition” for commendable efforts for enhancing contribution margin.

Profile: Accounting, Tax Compliance, Secretarial Compliance.

Profile: Accounting, MIS, Income Tax, Liasoning with Banks, Secretarial and Statutory Compliance.