Financial Controller

Posted on: 2007-10-05

SUMAN SENGUPTA Email ID: [email protected] Ph No.: +91-9830268399, 91-9874149302 Senior managerial assignments in Finance & Accounts with an organization of repute Executive Synopsis Over 2 decades of experience in managing the overall finance and accounts function. Demonstrated business acumen in leading and managing the operations, effectively discharging the functions and achieving higher rate of organic growth. Extensive experience in conceptualizing and implementing financial procedures and actively involved in the maintenance & finalization of accounts, Audits, Working Capital Management, Profit Monitoring and Costing. Adept at development of financial policies/guidelines for effective fund management. An exemplary communicator with expertise in liaising with diverse statutory agencies for securing mandatory approvals. Core Competencies Strategic Financial Planning  Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control.  Designing and deploying various systems and procedure to ensure adequate checks and balances prevails in the system for control of revenue generated and are being properly accounted for.  Formulating need-based business strategies for maximizing profitability & revenue generation & realize organizational goals.  Preparing policies relating to the organization for better control and smoother operation. Fund Management / Budgeting  Formulating budgets and conducting variance analysis to determine difference between projected figures & actual expenditure and implementing corrective actions.  Liaising and negotiating with banks and financial institutions for raising fund and non-fund based facilities to meet working capital and project requirements.  Preparing and analyzing monthly expense statement pertaining to operational areas for necessary deployment of funds from corporate office as well as undertaking cost – benefit analysis. Accounts/ MIS  Designing and implementing systems & procedures; supervising the consolidation of group accounts and preparation of financial statements & annual reports (as per US GAAP).  Establishing strategic cost management systems / techniques for monitoring various overheads and achieving maximum cost control in operations.  Developing and maintaining documentation and controls for all payroll related activities and procedures; serving as the main contact all payroll related issues.  Supervising the preparation of MIS reports to provide feedback to top management on financial performance, viz. fund management, credit control, profitability, etc. Taxation, Auditing & Statutory Compliances  Preparing tax plans and ensuring timely assessment and filing of direct and indirect tax returns including in compliance with statutory tax acts.  Liaising with government departments & regulatory authorities for obtaining sanctions / clearances and ensuring compliance with statutory obligations.  Coordinating with auditors for conducting audits to ensure that accounts are prepared in accordance with the prevailing norms and implementing necessary recommendations, if any. Organizational Experience Presently working with a US MNC, named TSI Inc. NJ, as Financial Controller, in Afghanistan from September 2007, reporting to CFO of the company. (The company involved in telecommunication systems). Directing a team of 27 people handle the finance & accounts work of the company in ERP system (ACCPAC SAGE). The annual turnover of the company is more than USD 150 million. Controlling as Region’s Head (POC) of six region of the company, responsible as an internal auditor & implemented for internal audit procedure for better controlling & cost reducing. Since Dec’00 to May’07 associated with a US MNC, named American Jordanian Co. for Apparel Ltd. - Jordan, as Financial Controller, reported to GM, to Executive Vice President in USA & to Corporate Office in Hong Kong. (I have achieved a position in Management, as a joint authorized signatory of all factory matters including banking transactions during my tenure of service with them). The company is involved in producing 20,000 pieces of Jeans Pants daily with the annual turnover of USD 50 million & group turnover is USD 300 million with 2,700 employees employed & in group 12,000 employees from 27 countries (Total area of factory is 45,000 sq. meter).  Joined the company as Manager Accounts and after 11 months prompted to the position of Financial Controller. Notable Accomplishments  Directing a team of 7 people to handle the finance & accounts of the factory involving warehouses, inventories, fixed assets, pay roll etc.  Functioning as Regional Manager for 2 subsidary companies of the group name M.G. Overseas LTD. – Jordan & Iron Will Group Ltd. – Jordan for small operation in Jordan.  Coordinated all financial activities thereby ensuring maximum profitability and returns to factory owners & shareholders.  Liasioned with o All departments to ensure cost efficiency measures and internal controls are being implemented. o AR/AP & timely payment to supplier & timely follow up on outstanding from customers for payment collections.  Managed the pay roll of 2,700 employees.  Played a significant role in inventory control & assets management  Prepared monthly expenses report & analysis, monthly WIP report, Inter-company reconciliation, A/R & A/P reconciliation. & monthly cash flow for USD 2 million.  Played a significant role in reducing Inter-company loans worth USD 5 million in 6 years.  Merit of o Generating other income for the company worth USD 0.30 million along with a savings in the form of FD for USD 1.5 million in 6 years. o Acquiring an interest rate @ 2.5% p.a. in the company’s current account from the bank on daily balances, which is rarely achieved o Reduced the value of inventory from USD 1.20ml to USD 400k in 6 years by own policy of inventory management  Distinction of being authorized signatory including bank transactions of the company. Sept’95- April’00 with Al-Falah Investments Ltd. – New Delhi, as Manager – Accounts The company was a member of of National Stock Exchange of India & provided financial solutions on corporate & individual levels. The company had diversified work with rose cultivation & exporting, enginering college, building constructions along with more other works. Notable Accomplishments  Pivotal in managing overall finance & accounts responsibility of the group with team of 15 subordinate staff Previous Experience Oct’92- Aug’95 with Opera House Exports Ltd. as Accounts & Audit Officer and holds the merit of claiming & getting INR 165,000.00 from SIDBI, which they charged wrongly from the company by their wrong calculations. As a result company promoted me as Internal Audit Officer. Directing a team of 15 people to handle the finance & accounts of the factory where 2500 employees were working. Dec’91- Sep’92 with Shipra International Pvt. Ltd., - New Delhi, as Accountant Apr’89- Nov’91 with Jitco Overseas Pvt. Ltd., - New Delhi, as Accountant Scholastic Credentials 2005 Pursuing CMA course with IMA , USA 1996 Practical course in Practical Business Management from Lakhotia College of Taxation & Management, India 1996 Practical course in Income Tax and Tax Management from Lakhotia College of Taxation & Management , India 1984 Book Keeping & Accountancy Special Examination from WBBCE, India 1984 B.Com from Calcutta University, India Computer Credentials o Experience of working in many accounting software system such as TALLY, SHILPI, FALCON etc. o Proficiency with MS Excel, MS word etc. Personal Details Date of Birth : 18th October 1964 Permanent Address : 1/1A, Monument Road, Flat 3-A, Kolkata – 700 028, WB, INDIA. Holder of visa & work permit (HSMP) for UK & visited UK, USA, Dubai & Thailand for one time. (Worked in Jordan & presently working in Afghanistan) (Suman Sengupta)