Basic Info

Shaick Noordeen

10 years

Chennai, India

Master's Degree

Manager

Work Experience

Manager - Finance and Accounts at Eastern Coast Group - PAC Industries Pvt. Ltd.

Experience Details

Manager - Finance and Accounts

Accounting/Finance

Manager

1) Key responsibilities to handle full set of accounts (A/R, A/P, G/L, Asset Accounting and Treasury Management), Interact with auditors in completing successful audits, cover working capital, financial planning, inventory control, P&L analysis, budgeting, reporting and financial analysis.
2) Analyze manufacturing cost including cost of goods sold, manufacturing variances and inventory adjustments by using ERP system and monthly stock taking to save guard of the company current assets and usage control.
3) Support development of site annual expense budget by issuing a monthly report along with the monthly meeting with the Supply Chain Manager in order to highlight the key issue and corrective actions
4) Review overhead allocation and revise standard costs as appropriate by evaluating the current month actual results to minimize variances.
5) Ensure general ledger accurately reflects value of inventory on hand and monthly stocktaking to safeguard of company resources.
6) Assist Operation Departments in understanding product costs and potential cost reduction opportunities by reviewing the actual results with the various department heads in order to achieve the down top budget control.
7) Support senior management’s decision making process by managing the analysis and reporting around key business drivers including Revenue, Cash, Gross Margin, Expenses, Capital Expenditures and Inventory.
8) Project the impact of changes to product cost resulting from possible changes in manufacturing process, scale and capacities by assessing the current situation vs. the other opportunities to achieve maximum benefits to the company.
9) Proactive analysis of variances and communication issues and opportunities to operations management.
10) Manage the monthly Forecast and Budget process including consolidation and analysis. Develop and monitor monthly operating metrics.


Company Details

Eastern Coast Group - PAC Industries Pvt. Ltd.

chennai, India

More than 1000 employees

Manufacturing

N/A

Aug 2014 to present (2 years 4 months)
Deputy Manager - Finance and Accounts at Mitsubishi Elevator India Pvt. Ltd.

Experience Details

Deputy Manager - Finance and Accounts

Accounting/Finance

Manager

1) Responsible for the finance department and work closely with operations head on financial, operational and business matters including compilation of operating budgets and forecast.
2) Maintain up-to-date billing system, review outstanding invoices and liaising with credit control of the other companies & customers for seeking payment.
3) Final verification of purchase bills, sale invoices, debit notes, credit notes and ensuring proper accounting entries, duties and taxes as per GAAP & Accounting Standards.
4) Perform the monthly closing activities including preparation of the cost to operate statement along with supporting analysis.
5) Accountable for processing payrolls and handling compliances with respect to PF,ESI,Professional Tax, Labor Welfare Fund and TDS on Salary etc.
6) Recommended costs effective measures for cutting cost and prepared detailed cost reports to review with managers of all departments to ensure full understanding and adherence to their respective departmental budgets.
7) Analyze the cost variance existing between the estimated (budget) and actual value and propose actions able to preserve the profitability.
8) Liaison with Bankers, Insurer and Solicitors regarding financial transactions.
9) Provided necessary supervision and co-ordination for the aid of purchase and store activities.
10) Prepare financial statements and periodic reports to the management to facilitate cost control

Accomplishments:

1) Key role in formulation and implementation of Policies and Procedures, preparation of budgets and forecasting, analysis & feasibility of capital investments.
2) Implemented project budgeting to control cost and to be aware of the estimated profit for each project.
3) Implemented the cost centers to allocate cost and expenses per department and to make each department head responsible for their own budget.
4) Revised the chart of accounts to organize the company’s financial data into meaningful information.
5) Increased cash flow by 40% for the period of 15 months by consolidating credit analysis function, reducing outstanding receivables from 48 days to 30 days and minimizing risk from marginal customers.


Company Details

Mitsubishi Elevator India Pvt. Ltd. (multinational)

chennai, India

More than 1000 employees

Engineering Services

mitsubishielevator.in

Jan 2005 to Aug 2014 (9 years 7 months)

Achievements


Achievements during Academic - Awards obtained at various football tournament - Active member in Alameen welfare Association Achievements during Work:  Key role in formulation and implementation of Policies and Procedures, preparation of budgets and forecasting, analysis & feasibility of capital investments.  Implemented project budgeting to control cost and to be aware of the estimated profit for each project.  Implemented the cost centers to allocate cost and expenses per department and to make each department head responsible for their own budget.  Revised the chart of accounts to organize the company’s financial data into meaningful information.  Increased cash flow by 40% for the period of 15 months by consolidating credit analysis function, reducing outstanding receivables from 48 days to 30 days and minimizing risk from marginal customers.

Education

MBA in Finance

Education Details

MBA

Finance

Bharathidasan University, India

C / Good / 65 - 75%

Financial Accounting, Operational Research, Business Maths,Economics,Business Communication, International Business,Research Methodology, Personnel Mgt., Industrial Disputes, Labour Laws,

N/A

Bharathidasan University
2003 - 2005
College Diploma in finance

Education Details

College Diploma

finance

PONDICHERRY UNIVERSITY, India

C / Good / 65 - 75%

Financial Accounting,Capital Budgeting, Investment Analysis, Business Economics, Business and Commercial Laws

N/A

PONDICHERRY UNIVERSITY
2002 - 2003
B.Com in Commerce

Education Details

B.Com

Commerce

Manonmaniam Sundaranar University, India

C / Good / 65 - 75%

N/A

N/A

Manonmaniam Sundaranar University
1999 - 2002
High School - IGCSE

High School Details

IGCSE

Central School

India

1999

B / Very Good / 75 - 85%

N/A

Central School
1999
This profile is not updated!
Last update more than 1 months ago.

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Profile Skills and Keywords

AccountingAccounting & Audit, Corporate Finance, Working Capital, Inventory, Taxation, Payroll, Budgets & Forecasts, Cash Flow, Valuations, Consulting, Statutory Compliance, Project Costing & Control And MIS Consolidation.Accounts FinalisationAnalyticalBudgets And ForecastCommerceCorporate FinanceCustomer-orientedDeputy Manager - Finance And AccountsEngineering ServicesEnglishFinanceFinancial Planning And Variance AnalysisHindiInnovativeInsuranceMBAManager - Finance And AccountsManufacturingMicrosoft ExcelMicrosoft OfficeMicrosoft PowerPointMitsubishi Elevator India Pvt. Ltd.OraclePersistentProblem SolverProject CostingSAPTallyTamilTaxationTypingWorking Capital

Self-assesed Skills

Languages

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tamil

Tamil

: Fluent

: Fluent

: Fluent

: Fluent

Hindi

Hindi

: Beginner

: Beginner

: Advanced

: Advanced

Tools and Technologies

Tally

Tally

: Expert

: Extreme - I love it!

:

More than 7 years

Typing

Typing

: Expert

: Extreme - I love it!

:

More than 7 years

Microsoft Office

Microsoft Office

: Advanced

: High

:

More than 7 years

Microsoft Excel

Microsoft Excel

: Advanced

: High

:

More than 7 years

Microsoft PowerPoint

Microsoft PowerPoint

: Advanced

: High

:

More than 7 years

SAP

SAP

: Advanced

: High

:

1-3 years

Oracle

Oracle

: Advanced

: High

:

1-3 years

Fields of Expertise

Financial Planning and Variance Analysis

Financial Planning and Variance Analysis

: Expert

: Extreme - I love it!

:

3-5 years

Corporate Finance

Corporate Finance

: Expert

: Extreme - I love it!

:

More than 7 years

Taxation

Taxation

: Expert

: Extreme - I love it!

:

More than 7 years

Working Capital

Working Capital

: Expert

: Extreme - I love it!

:

More than 7 years

Budgets and Forecast

Budgets and Forecast

: Expert

: Extreme - I love it!

:

More than 7 years

Project Costing

Project Costing

: Expert

: Extreme - I love it!

:

More than 7 years

Accounts Finalisation

Accounts Finalisation

: Expert

: Extreme - I love it!

:

3-5 years

accounting & audit, corporate finance, working capital, inventory, taxation, payroll, budgets & forecasts, cash flow, valuations, consulting, statutory compliance, project costing & Control and MIS consolidation.

accounting & audit, corporate finance, working capital, inventory, taxation, payroll, budgets & forecasts, cash flow, valuations, consulting, statutory compliance, project costing & Control and MIS consolidation.

: Advanced

: High

:

More than 7 years

Key Skills

Analytical, Customer-oriented, Problem Solver, Innovative, Persistent

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