Deepak Behera

A Cost & Management Accountant & B.Com (H) with over 3+ years of experience, Accomplished Assistant Finance Manager with a proven track record at ITC Limited, adept in Supply Chain Management & Operations and excelling in people management.

Enhanced financial integrity through robust tracking systems, Cost Control and Financial Report back. Excellent reputation for resolving problems and ensuring hassle-free operations with adequate financial controls. Also, it is well-recognized for Innovative process improvement solutions. Skilled in SAP FICO and MM

Assistant Finance Manager

ITC Limited - Tobacco Division, Saharanpur -UP 

Accounts Payable: -

• Leading of Factory Accounting payment team of (10 member) and ensuring timely processing of Payment to vendors as per SOP's compliances by ensuring Tax compliance -TDS & GST.
• Increased efficiency in accounts payable, implementing robust tracking systems.
• Reviewed and improved internal controls, enhancing overall financial integrity within company. and analyzing and reporting of Variances with Senior managers.
• Analyzed business processes to identify cost savings and operational efficiencies.
• Delivered regular financial presentations and MIS to senior management, facilitating informed decision-making processes.
• Ensured timely completion of month-end closing procedures for accurate financial statements, and Prepare Schedule to profit and loss statement & cost variance report on quarterly basis.
• Mentored junior finance staff members, fostering an environment of continuous learning and professional development.
• Compliance to statutory audit and Internal audit etc.
• Handling of salary processing of factory's Non-management employees. (745 employees)

Procurement & inventory

• Identifying, evaluating and selecting suppliers based on requirements, and Negotiate Term and condition and price with vendor as per favorable to company.
• Maintaining optimal level of inventory and ensuing seamless operation process
• Monitoring market trends and staying updated on industry regulations and best practices
• Calculating product cost, analysis of moving average price (MAP) of procured material.
• Helps to management about identifying slow moving and non-moving material, and advice to plant head for better use.
• Calculation of Product costing and updating in SAP.
• Computation of CAS 4 valuation for stock transfer, conducting of physical verification of Inventory as per SOP's compliances.

Import

• Handling complete import Procedure From point of vendor Co-ordination to the point of accounting in books and payment to vendor.
• Co-ordinate with CHA for ensuring timely filling of Bill of entry, and proper scrip Utilization against BCD payment.
• Establishing a manual Tracking system of Import and its relevant due date for smooth flow of operation and avoiding Interest and penalty
• Creation, Negotiation, cancellation of Exposure in treasury portal

Hindustan Coca-cola Beverages

Supply Chain Finance (Plant)

• Supporting Critical Business Planning Process: Annual Business plan -Based on analysis Historical data and forecasting, Monthly Rolling Estimates for setting target for entire month, Mid-Month Estimates- Review of target set vs actual spend at mid of month,
• Manage Monthly and Quarterly Closing Process for Plant Including Depots. GL Reviews and Accounts reconciliation, Budget Tracking, and variance analysis.
• Reporting of Variable, Fixed and Sourcing Freight Cost Line in MTD as well as YTD basic.
• Managed complex financial projects (12K projects, ASRS projects, and ASSP line project etc.) ensuring timely completion within budget constraints.
• Support weekly / monthly finance operating processes, including Inventory deep drive, plant financial ops reviews, ICM audits, Surprise checks, compliance to COA &, Fixed Asset verification.
• Drive working capital improvements, including payables and inventory.
• Drive capital management ensuring timely capitalization, and raising RFAs with validation of justification
• Provide leadership in control relates to inventory accounting / processes (physical inventory controls, calculating Product costing value for inter-transfer & production order & techo closing)
• Review of slow moving and Non-moving Spares and consumables, and coordinating with HO team send it to another factory where it requires.
• Circulating various MIS reports le. Daily spare consumption, Daily production and sales Vs forecast, CL dashboard and FG availability report etc.

Supply Chain Finance (Logistics and Distribution):

• Detailed Tracking of Primary and Secondary Freight and Analysis of critical levers like - Unit-wise Mix, Pack-wise Mix, Vehicle-wise Mix, Loadability of Truck, Dedicated Vehicle Utilization etc.
• Reduce Inefficiency by analysis of ESP by Deriving Capacity and Lane deviation and discuss the same with the planning team (2-4 lakh saving daily)
• Drive Productivity Opportunities along with Unit Logistics and analyze Key Levers/KPI like Time dispatch, Single touch logistics, Stock Deployment plans, forklift productivity & CFA productivity etc.
• Support with Data analysis & Requirements to various Stakeholders Like CFA, Transporter, warehouse manager etc
• Manage Returnable like Pallets, ILS, empty and caret – by performing Monthly reconciliation, and regularly engaging with the operation team to ensure timely pull back returnables.

Deep dive on Warehouse Breakage on identify areas of improvement, Monitor Stock Counts and Batch level

2022-06 CMA: Cost and Management Accountant

Institute of Cost Accounts of India

• Achieve CMA Degree at very first attempt.
• Awarded as Asalata Memorial Award by ICMAI

 2019-05 B.Com (H): Utkal University - Bhubaneswar 

• Awarded as Best Student - Commerce of the year 2018 by SG college.
• Second Topper in the college.

 2016-02 12th Commerce: SG College 2014-02 Schooling: General Studies

Bautara High School - Jajpur