Raghavendra Bhagwath
Singapore
Summary
Senior Plant Controller with MBA credentials with hands on experience in Management and daily operations supports with business case initiatives on potential savings, supply-chain, costing and budgeting (forecasting), Inventory management, accounting payables and receivables, Quality management recognized for personality of initiation and implementing new techniques and methods contributing to process improvements.
Overview
24
24
years of professional experience
Work History
Senior Plant Controller
REC Solar Pte. Ltd. Singapore
04.2018 - Current
- Monthly closing including preparing analytical reports, commentaries and financial statements for Module Plant, Preparation of the P/L and B/S of the plant (standard costing, OPEX control, stock valuation and provision, all necessary JE to reflect correct monthly picture)
- In charge of the profit center Technology (includes R&D and Quality)
- Ensure completeness of monthly figures
- Following up grants and projects
- Posting necessary JE to capture monthly costs
- Perform financial & cost/operational variances analysis versus budget/ forecast/ prior months with value-add for decision making
- Annual Budget and Monthly/ Quarterly Forecast and maintenance of standard cost key drivers
- Collaborate with various stake holder like sourcing/planning and manufacturing team on actual Perform Cost vs Absorption analysis
- Working Capital & CAPEX
- Continuous reviews of accounting practices and processes to ensure efficient and cost-effective operations
- Developing and maintaining financial systems/policies to improve internal controls
- Validation of savings enablers or disablers which helps to quantify the savings opportunities with stake holders for cost optimization (Over all product cost which impacts cost like material cost (price & usage) and optimization of overheads cost)
- Develop Power BI NRV (Net realizable value) report for Finished product goods by product /SKU and region specific which helped REC to reduce additional provision entry by USD200 to500K
- Overtime and shift allowance tracking mechanism based on production plan which helped to reduce around SGD200K per month during off peak production
- Provided insightful analysis and implemented the changes on Actual Bom’s vs standard BOM shop order material usage for materials like Foil/ EVA which helped to address over consumption of raw materials which provided better cash flow spending on inventory
- Periodical Business case review with stake holders on cost savings enablers implementation
- Tracker implementation on production loss raw materials/ FG well as spare parts losses (which helped to re-cycle by selling to third parties to avoid certain percentage of scrap losses to P&L around USD150K/year)
- Site service and corporate cost allocation data drill down and shared to operational departments for transparencies of cost allocated to Business units and products
- Development of various KPI Power BI like Total cash conversion by product/ NRV by product/ Raw material ageing report with MM module match to FI module reports for quick glance with help of technical IT support as per Senior management request
Factory Cost Analyst
Nestle Singapore Pte Ltd., Singapore
04.2013 - 04.2018
- Costing and trend analysis for top brands of Nestle at product level
- Management reporting and Key performance reporting by plants and products
- Quarterly transfer pricing validation and finalization for affiliates
- Standard costing review and validation for SKU’s
- Month end closure, daily operation review
- Monthly PNL review against forecasted vs actual for affiliates by sales channel
- Yearly Budgeting
- Internal statutory audit support and customs cost statement validation
- Process improvements project review with the stake holders – Focus and leadership development value creation team driver…
- Engagement with operation & supporting team regularly on the gaps & actions
- FI pillar member (process improvement/Problem solving & project identification through IPA tools & loss tree analysis)
- Line and labour standard review by efficiency which helps to optimize savings of operation overhead cost (4 Full time HC savings)
- Packaging material optimization for Milo sachets using fish bone tool/time study of process with loss tree analysis along with manufacturing support which help to reduce packing loss of USD80K
- Intercompany cost benchmark with SG cost to keep market competitive (with operation and relevant department stake holders)
Senior Finance Analyst
Motorola Mobility Singapore Pte Ltd., Singapore
05.2008 - 04.2013
- Review of strategic commodity spends and savings, LOS (line of sight), develop detailed negotiation spreadsheet for trend and develop forecasts, consolidate and analyze monthly results and QOQ results, compliance metrics, create and deliver presentations, provide recommendations on short fall of Targets
- Cost analysis of various Commodities for better pricings which leads to cost reduction with proper negotiation with multiple suppliers
- Various types of analysis to management on products like LOS v/s CPU, Base price vs
- CPU, QoQ analysis, Actual v/s target goals on forecast volume and actual volume
- Fix issues related to compliance metrics at product and commodity level
- Examining the price variations for procurement and recovery from Suppliers and EMS (buy-down and Po variance) around USD250~300K for Quarter
- Bill of Material verifications and fixing errors
- Allocation of direct materials procurements in respective categories like Turnkey, Buy sell and Motorola relationship parts
- Product & Commodity wise reports on monthly and Quarterly basis for Management Review
- Verification and Fixing the Conversion Cost with the support of Commodity managers
- Proper family product mapping of supplier’s status in internal systems
- Liability closure with EMS supplier
Finance Quality Analyst
Hewlett Packard (Global e-business operations)
02.2007 - 04.2008
- Supported Process improvements in Procure to Pay Team
- (API, APNI, PAD & CRC)
- Project facilitation (Value stream mapping & process improvements project)
- KAIZAN & CAPA initiation support for the process development
- Survey and analysis of Voice of customers
- Team member of ISO audit team
Senior Executive Finance
Flextronics Technologies (India) Pvt. Ltd.
06.2003 - 02.2007
- Handled Corporate Financial reporting, Fixed Assets, Inventory management, Accounts payable, Accounts receivable & GL Schedules
- Review of BRS, weekly Ageing report and corporate weekly reports & commentary
- Team member of SOX, Internal Audit and statutory audit for inventory valuation
Account Executive
Hindustan Coco-Cola Beverages ltd.
01.2002 - 05.2003
- Generation and review of Inventory stock reports
- Maintenance of Petty cash, salary audit and travel expenses
- Reports to sales management on target Vs actual sales on different brands & categories
- Verification of claims of distributors based on sales, availing discounts and trade scheme claims
Finance Intern
V.M Pal & Co.
01.2001 - 12.2001
- Daily audit on Petty cash
- Stock verification & Salary of Textile industries
- Review of daily Stock Consumption reports based on Production shifts
Education
Master of Business Administration - undefined
Bharathidasan University
01.2007
Bachelor of Commerce - undefined
Bangalore University
Bangalore01.2000
Skills
- SAP, MS office, ERP Packages – COREMAN, SAP module, BAAN, & Sales and Distribution, CRIS, MCIS, MINT event, FTP, Oracle R12 & OBIEE, English junior – Typewriting
LNGG
English
Hindi
Konkani
Kannada
Areas of Excellence in
- Manufacturing Budgeting.
- Cost analysis & Trend forecasting
- Cost optimization and Business case initiative.
- Transfer Pricing for Affiliates.
- Profit & Loss statement.
- Shared Services support.
- Supply chain management
- Operational reporting.
- Fixed Asset Management.
- Month end closure and reporting key performance indicators.
Process Improvements & Financial Operation Management
- Key indicators reporting/Month closure/daily operations supports.
- Project facilitator for OBIEE report implementing and MCIS system setup for supply chain management.
- Core team member in Implementation of BAAN ERP package in both Finance and Inventory module.
- Implemented Data Stream Management package (Fixed Assets) in line with Corporate Governance.
- Improved Process in introduction of PICS: online Process Improvements & Corrective System.
- Effectively handled complete transaction of Coca-Cola Distribution Unit.
- Developed common Share Point reports of different Locations.
- Overseas travel experience for process transition.
Timeline
Senior Plant Controller
REC Solar Pte. Ltd. Singapore
04.2018 - Current
Factory Cost Analyst
Nestle Singapore Pte Ltd., Singapore
04.2013 - 04.2018
Senior Finance Analyst
Motorola Mobility Singapore Pte Ltd., Singapore
05.2008 - 04.2013
Finance Quality Analyst
Hewlett Packard (Global e-business operations)
02.2007 - 04.2008
Senior Executive Finance
Flextronics Technologies (India) Pvt. Ltd.
06.2003 - 02.2007
Account Executive
Hindustan Coco-Cola Beverages ltd.
01.2002 - 05.2003
Finance Intern
V.M Pal & Co.
01.2001 - 12.2001
Master of Business Administration - undefined
Bharathidasan University
Bachelor of Commerce - undefined
Bangalore University
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