Headline

Sterlite Copper-Vedanta | CMA (Dec’22) | B.com|R2R|Costing|Budgeting|Revenue Assurance

About

This is CMA Sakshi Sethia. I’m having experience in cost audit , cost records , GST, ITR and books keeping from my Articleship Right now I am working in a MNC-Sterlite Copper Vedanta Limited as a Revenue Assurance Domestic Copper from 2.5 years In which I am Involved in ~ • annual budgeting processes, preparing sales forecasts and aligning financial goals with organizational objectives • Calculated Net Sales Realisation (NSR) per MT by factoring in LME prices, Forex rates, duty factor and other variables components to show actual receipt per MT. • Prepared and presented Sales Finance MIS reports to the COO, providing key insights on revenue, NSR, cost analysis, collections, and market trends to support strategic decision-making. • Led major audit requirements for Order-to-Cash (O2C) and statutory audits, ensuring full compliance and achieving zero observations through effective financial controls and documentation. • Managed month-end book closing for Sales Finance, including preparation of discount provisions, accrued and prepaid files, debtor grossing up, and mark-to-market (MTM) adjustments for Delivery Now, Pay Later (DNPL) sales to ensure accurate financial reporting. • Managed MCX copper sales and ensured compliance with MCX requirements, including timely pay-in deposits, also calculated Net Sales Realization (NSR) for MCX transactions to track profitability. • Projected daily sales and collection from LC, cash, and BG financial instruments by analysing trends and collaborating with the Marketing and Finance teams, providing forecasts to the Treasury team for effective working capital management (approx. 1,500 Cr. monthly). • Ensured compliance with Financial reporting disclosure requirements, including proper classification and presentation of financial statements as per regulatory standards. • Monitored and analysed sales performance against budget and KPIs, identifying deviations and reporting to the CFO with insights and corrective action recommendations. • Oversaw sales finance operations of 15,000 MT monthly sales across all zones, ensuring timely order creation, prompt payment collections and accurate account reconciliations to maintain financial integrity and support business objectives. • Tracked and calculated provisional copper pricing daily, ensuring adjustments and circulation whenever there was a 5% variance in benchmark pricing, aligning with market fluctuations and financial strategies.

Location

Silvassa

Work experience

Sales & Marketing Finance at Vedanta Limited - Sterlite Copper, Jun 2023 - Present · 3 yrs 1 mo, Silvasaa, CSA -Sales Finance •Monthly MIS including NSR, Discount Provision, Debtors and related Entries. •Leading South Zone Sales Finance activities ensuring timely Order Creation, collection, Reconciliation and customer satisfaction. •Calculating Provisional Price and releasing the same for Price Circular to Customer. •Tracking Daily LME movement and reporting to Sales and Mktg team for timely decision making. •Projecting Daily Sales Plan vis-à-vis collection and reporting to Treasury for fund Collection for the day. •Debtors Aging analysis and circulating MIS to team for timely customer accounts clearing and hygiene and reducing audit observation. •Reviewing and controlling exposure against Bank Guarantee and ensuring timely discounting under LC. •Final account settlement through timely generation of Spot/ Supplementary. •Ensuring timely updation and reconciliation of 26AS file from corporate and ensuring TDS credit on T+1 days of TDS receipt from customer. •Leading major audit requirement and ensuring zero observation. •Discount controller PAN INDIA and ensuring Parity scroll creation as per Commercial to ensure timely discount to customers. •Weekly connect with Mktg team for issue resolution.

Account Manager at Maa bhavani creations, Dec 2021 - Aug 2022 · 9 mos, Surat, Gujarat, India, 1.Preparation of Debtors Ageing Report. 2.Examined and reconciled various items of B/S & P/L. 3.Maintained Books of accounts in TALLY software

Article Assistant at V. M patel and associates, Feb 2021 - Nov 2021 · 10 mos, Surat, Gujarat, India, 1.Maintained Cost records, cost ledgers & Financial statements & Cost Audit 2.Preparing and filing of Income tax returns, GSTR-1 & GSTR-3B returns. 3.Making Stock reports & MIS

Education

Cost and management accountant, Institute of Cost Accountants of India

B.com, Veer Narmad South Gujarat University, Surat