Sagar Devkate
Dakar,DK
Summary
A focused professional with 11 years of experience in MIS preparation, product costing financial analysis, variance analysis, budgeting, accounts receivable ,accounts payable, Efficient in planning & executing monthly/annual closure schedules, including Acconuts receivable and Payable Prepares & presents management reports on cost variance analysis, cost benefit analysis, and volume analysis. Fixed asset accounting
Overview
10
10
years of professional experience
Work History
Cost Controller
Eden ( Foam Africa Group)
03.2021 - 09.2023
- MIS Preparation, GL scrutiny, long outstanding payable analysis, Advance ledger scrutiny.
- Costing MIS: Budget vs Actual for cost centers and sites, reporting and analysing cost variances, ensuring accurate cost booking at the cost center level.
- Cost comparison across sites, identifying cost control and saving opportunities.
- Monitoring and reporting discrepancies between production schedules and actual production, providing detailed reports.
- Reviewing purchases to ensure accurate recording of landed costs.
- Conducting comprehensive cost variance analyses, identifying discrepancies, and recommending corrective actions.
- Assisting in the development and maintenance of robust cost accounting systems
Accounts & Costing Manager
Topaz Multi Industries
05.2017 - 05.2021
- Product Costing, physical inventory management
- Inventory valuation, COGS Analysis
- Budget VS Actual - cost center & unit level
- Implementation of Dynamics 365.
- Invoice processing Review Vendor Invoice Management
- GIT monitoring & review and clearing of GRIR Accounts and Advances.
- Monitor cash balances & surprise cash audit.
- Payment advices to central payment team for processing advances and vendor payments.
- Provisioning of expenses, review & clearing of old provisions.
- Review of vendor liabilities and write back of vendor liabilities as per policy.
- Fixed asset, Depreciation run, asset tagging.
- Audit: Scrutiny of GLs & rectification, & monthly accounts closing activities.
- Preparation of Audit schedules and coordination with Statuary/Internal auditors for audits.
- Responsible for Vendor reconciliation & contract closure.
Executive Commercial Finance
Sigma Electric Manufacturing
09.2016 - 04.2017
- Provide required data, and data analysis to senior management in order to facilitate price negotiations on final costs for finished products and components ( RFQ ).
- Analysis of Bill of Material (BOM), verifying information as per BOM is correct.
- Assist in Preparation of Budget & Internal Audit, providing data to the auditors as per requirement.
- Calculation of machine hour rate by collecting the inputs like cost of the machine & spare parts, life of the machine electricity, manpower, power fuel consumptions.
- Analysis of product cost, preparation of variance analysis summary(Cost ,Qty,Rate variances)
- Monitoring actual product cost by collecting actual inputs like raw & packing material actually used, comparing the same with BOM & highlighting changes to be done as per actuals inputs.
- Assist in physical verification of inventory at the month end & cross check & reports deviations in the inventory stock.
- Preparation of contribution Statement product, regions & sales person wise, showing & highlighting changes in contributions to the management
Associate Cost Controller
Maersk Global Service Centres
12.2013 - 08.2016
- Executing in time monthly & quarterly closing Schedule and reporting global signals.
- Preparing & Posting accruals for the Month with highest level of accuracy.
- Finalizing Monthly costing data and reporting variances with budgeted numbers.
- Release of excess accruals by ageing accruals analysis.
- Finalizing monthly rebate accruals by analyzing contracts terms & posting accruals on pro-rata basis.
- Approvals of high value invoices, assist to execution team in posting ad-hoc invoices by providing them required details like material number, activity periods.
- Identifying open items on reconciliations, research for the root cause & clear them.
- Supervising Accounts payable team to perform their daily tasks in standard way.
- Monitoring correct & timely invoice processing by team and ensuring payment on time to vendor.
- Assist in departmental budget requirements and presenting information’s to global team to finalize the budget.
- MIS consolidation, variance analysis of actual numbers with budgeted numbers
Education
ICWA (CMA) -
Institute of Cost and Works Accountants of India (ICWAI)
09.2023
B.Com -
Pune University
XIIth - English
Xth - English
Skills
- MIS Preparation
- Product Costing
- COGS Analysis
- Accounts Payable
- Accounts Receivable
- Fixed Asset Accounting
- Invoice Processing
- Profitability Analysis
- Financial Statements
- Financial Reporting
- Inventory Management
- Inventory Valuation
- Expense Analysis
Languages
- English
- Hindi
- Marathi
Total Work Experience
10 Years 7 Months
Courses Certifications
SAP FICO Course, IT Institute - Hyderabad
Timeline
Cost Controller
Eden ( Foam Africa Group)
03.2021 - 09.2023
Accounts & Costing Manager
Topaz Multi Industries
05.2017 - 05.2021
Executive Commercial Finance
Sigma Electric Manufacturing
09.2016 - 04.2017
Associate Cost Controller
Maersk Global Service Centres
12.2013 - 08.2016
ICWA (CMA) -
Institute of Cost and Works Accountants of India (ICWAI)
B.Com -
Pune University
XIIth - English
Xth - English
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