Headline

AGM - Accounts & Finance @ Exide Energy | Accounts Payable & Receivable, Trade Finance

About

At Exide Energy Solutions Ltd, leadership in financial strategy is a cornerstone of my role as AGM Finance, where I oversee a broad spectrum of operations including Accounts Payable, Project Accounting, and Treasury. My commitment to process enhancement has resulted in significant improvements in cash flow management and investment strategies, reflecting my dedication to organizational growth and efficiency. The financial landscape is constantly evolving, and my proactive approach in Taxation and Fixed Assets Accounting ensures compliance and accuracy within Exide Energy's financial reporting. My tenure at Valvoline Cummins Pvt Ltd honed my analytical skills, empowering me to drive credit and payable department objectives and instill robust financial practices that resonate with my core values of integrity and continuous improvement.

Location

Bengaluru

Work experience

AGM - Account & Finance at Exide Energy Solutions Ltd, Apr 2023 - Present · 3 yrs 4 mos, Bengaluru, Karnataka, India, • Lead the end-to-end Accounts Payable and receivable function, overseeing invoice processing, vendor payments, cash application, reconciliations, and compliance across multiple entities/locations. • Manage a team of professionals, providing guidance, training, and performance management to ensure accuracy, efficiency, and adherence to SLAs. • Drive automation and digital transformation in the Procure-to-Pay (P2P) and order to cash (OTC) cycle, implementing ERP/SAP enhancements to reduce manual errors and improve turnaround time. • Establish and monitor KPIs & dashboards for AP/AR operations (DSO/DPO, processing cycle time, accuracy rates) to improve working capital efficiency. • Collaborate with Treasury, Procurement, and Finance teams to optimize cash flow, vendor terms, and payment strategies. • Ensure strict compliance with statutory requirements (TDS, GST, withholding taxes, audit controls) and support both internal and external audits. • Develop and enforce policies, procedures, and internal controls to strengthen risk management and governance. • Partner with vendors and stakeholders to build strategic supplier relationships, resolving escalations and ensuring business continuity. • Achieved 50% reduction in processing cost/time through process reengineering and automation. • Managed project accounting and treasury functions, including foreign payments and bank guarantees. • Implemented continuous improvement initiatives, enhancing collaboration and problem-solving across teams.

Finance Manager at Valvoline Cummins Pvt Ltd (India), Apr 2022 - Apr 2023 · 1 yr 1 mo, On-site, • Processed and reviewed high volume of invoices weekly, ensuring compliance with internal policies and timely payment • Contributed to the rollout of a new AP policy that decreased duplicate payments and increased transparency in transactions • Identified process bottlenecks and proposed solutions that reduced invoice processing time by 7 days & improved data accuracy. • Reviewing credit limits periodically to keep up with dynamic business changes as per company credit policy for 2500+ customers; undertaking Credit analysis of high-ticket size customers; raising flags to management in case of delinquency. • Drove the Credit department of INR 2500 Cr by maintaining healthy receivables with least provisions (0.003%) • Timely review of SOP to ensure robust business controls and compliance to maintain healthy DSO of 28 days • Reviewing with seniors, Financial and Management Reports (Monthly MIS, Forecast, Budget, Variance Analysis, AOP) • Involved in finalization of yearly budgets; tracking of actual with plans and analyzing variances • Liaising with Internal and Statutory auditors for smooth closure of all LR and annual audits.

Assistant Manager at Valvoline Cummins Pvt Ltd (India), Feb 2013 - Mar 2022 · 9 yrs 2 mos, Gurugram, Haryana, India, 1. Drove the Credit department of the organization 2. Ensuring timely Management Reporting to JV partners 3. Preparation of Financial Statements 4. Reviewing with seniors, Financial and Management Reports (Monthly MIS, Forecast, Budget, Variance Analysis, AOP) 5. Involved in finalization of yearly budgets; tracking of actuals with plans and analyzing variances 6. Liaising with Internal and Statutory auditors for smooth closure of audits 7. Reviewing credit limits periodically to keep up with dynamic business changes as per company credit policy; undertaking Credit analysis of high-ticket size customers; raising flags to management in case of delinquency. 8. Managing the Marketing & Dealer incentive schemes 9. Ensuring smooth functioning of channel finance program

AP, AR and MIS Specialist at Videocon Industries Ltd, Jun 2010 - Feb 2013 · 2 yrs 9 mos, Gurugram, Haryana, India, 1. Allocating credit limits for new/existing customers with evaluation of customer credit worthiness as per organization’s credit policy, using appropriate credit rating models, credit agency reports, and on site visit reports etc. 2. In depth analysis of financial statements involving calculation & interpretation of key ratios, analysis of fund flow statements and cash flow statements etc. 3. Responsible for Sales accounting, smooth billing, Debit notes & Credit notes for approx. 1200 Institutional & OEM customers. 4. Control of Outstanding/Ageing of Institutional customer, Dealers & Distributors and periodic reconciliation. 5. Responsible for converting Credit customer into channel finance & Trade finance for healthy liquidity & reducing DSO. 6. Analysis of Stuck up receivables over 6 months and preparation of Bad Debt Report for Management approval.

Education

Master of Business Administration - MBA, finance and Banking, Sikkim Manipal University, Gangtok

Bachelor of Commerce (BCom), Accounting and Finance, Burdwan University, Burdwan