Rajkumar Anpalagan

Accounting & Finance

• Prepare monthly financial reports per IFRS & group guidelines for management review, analyse financial data, and operation data (manufacturing & supply chain) to identify variance, saving & inefficiency.
• Providing insightful commentary on gaps & factors impacting the performance against YoY & budget.
• Prepare consolidated reporting for Malaysia Business and commentary for CFO slides.
• Prepare & conduct forecasting (quarterly) and budgeting (annually) to support strategic decision-making.
• Monitor and control expenses & CAPEX spending, including ROI calculations.
• Conducting cost analysis to identify cost-saving opportunities and provide recommendations for improvement.
• Overseeing and directing cost accounting activities (product costing, margin analysis, inventory management, manufacturing plant-related matters, intercompany TP).
• Oversee cash flow planning and ensure the availability of funds for operational & CAPEX needs.
• Liaise with banks if any issues on facilities and authorized personnel change.
• Coordinated and facilitated internal and external audit processes.
• Oversee the preparation and filing of tax returns/SST/GST/withholding tax.
• Implement and maintain effective internal controls & policies.
• Work cross-functionally with the commercial, production & purchasing departments to resolve day-to-day challenges and facilitate decision-making at the plant level
• Work closely with the finance shared service centre teams to ensure accurate AP/AR/GL/intercompany operations.
• Assist with any queries from HQ & APAC regional.
• Liaise with Legal for legal cases & trade marks

Key Achievements -

• Coordinated and completed two internal audits with passing grades.
• Drive and close the customs SST audit without any findings.
• Developed and implemented JV workflow approval utilising power automation.
• Assisted in the completion of two business entity amalgamations in Singapore.
• Closed three years of audits & tax issues within seven months for Singaporean entities after taking over as Finance Manager.
• Assisted the management with a lawsuit, resulting in an SGD XXX settlement for the company.
• Implemented a freight cost management system to track freight spending by customers and suppliers, improving productivity and accurate costing.
• Improved closing activities with process improvement in ERP during ERP upgrade (for example, auto accrual for inbound cost, changing costing methodology from standard to actual, – lead 3 JV reduction, and customised reporting to reduce manual calculation)

Digital & IT

• Drive & manage the ERP implementation for mergers & acquisitions entity, newly incorporated entities, and ERP upgrades and transformations for existing business units.
• Drive process improvement and automation, streamlining financial, purchasing, supply chain, and manufacturing processes to increase efficiency and reduce cost.
• Oversee the planning and execution of digital transformation projects, ensuring alignment with management requirements, internal control, budget, and timeline.
• Provide guidance, advice, & assistance to internal stakeholders on digital transformation best practices tailored to their needs and purposes. And influencing them on ways to optimise technology in their process.
• Collaborate with cross-functional teams to understand business requirements and identify opportunities for digital transformation.
• Constantly improve & automatize finance process to improve day-to-day and monthly closing productivity.
• Manage IT assets and infrastructure for Malaysia.
• Manage & lead four local IT staff & two power BI developers (infrastructure & ERP).

Key Achievement

• Prepare monthly actual reporting for revenue, COGS & Inventory
• Calculated and provided transfer pricing for intercompany.
• Review & present to management team monthly selling price trend and product margin by country, region & customer
• Support the sales team to calculating project profitability’s and establishing rebate structure for different customer and regions
• Calculate new product cost and selling price proposal
• Manage all Bill of Material (BOM set in system to ensure the information is up to date) & calculate product costing
• Work with Plant Manager to analyse & improve industrial performance savings (Yield, RW Usages, Labour Utilisation, OPEX & Availability)
• Analysis monthly & yearly inflation impact on raw material and review with supply chain head for improvement
• Yearly update inventory standard costing changes into system based on budget and capitalise on any inventory revaluation over the period. Manage purchase price variance for raw material.
• Coordinate the physical inventory stock count quarterly/annually and reconcile PI results.
• Monthly review with commercial & production team for aged inventory and E&O
• Liaises with marketing and purchasing to ensure accurate costing for merchandise product. And reduce logistic cost for import merchandise product.
• Design and develop GRNI report for Gyproc division and solve variance between ledger vs sub-leger
• Review monthly AP aging and GRNI reports with AP shared service and purchasing
• Ensure the aging below 60 days or in line with supplier credit term.
• Review payment list prepared by AP shared service before payment made
• Develop and update Financial policies, procedures and related internal control policies for Inventory, AP, Selling Price, Warranty, and revenue.
• Prepare and submit GST, Sales Tax, Service Tax and Withholding tax
• Review yearly service agreement with intercompany
• Assist controller annual & quarterly budgeting

• Responsible for plant costing
• Involvement in Finance Baan ERP set up for the newly created entity together with the Global/Regional IT team.
• Created & mapped financial integration mapping in the BAAN ERP system.
• Established procedures and policies related to costing in order compliance corporate. Examples of direct material std cost setting, Inventory recognition policy, purchase price policy;
• Aligned all costing activity with the regulation of the US GAPP
• Analysing company sales Vol, Revenue, VAM, and VAM % based on various SKU
• Presenting analysed Actual vs. Forecast Vol, Revenue, and VAM information in a summarised manner, such as tables & charts, to management during the weekly OP dashboard meeting
• Monitor & Review weekly purchase price variance (PPV), work order (WO) variance, material loss, freight cost, rework cost, and EDM cost. Take necessary action if any abnormal activities/values occur.
• Analyst inventory aging greater than 90 days; investigate and reconcile physical inventory discrepancies.
• Work with the material team to review the disposition of excess & obsolete inventory;
• Review Quoted vs. Actual material usage; if any discrepancy, work closely with Engineering, Production & PM to fix the issue & recover the dollar values gap from the customer
• Review ECO changes and new part introductions. Ensure all new items and Bills of Material (BOMs) are correctly costed in BAAN ERP.
• Established process to Actual analyst vs. Quoted freight cost and claimed the gap from the customer.
• Prepare & analyse Actual vs. Quoted P&L by Division & Model for management review.
• Calculated FX impact on contribution and inventory; Worked with customer for monthly true-up process
• Prepared mounding machine rate calculation quarterly.
• Establishes or recommends proper accounting treatment or methods as per corporate policy
• Reviewing monthly journal entries & costing month-end closing;
• Prepare detailed commentary correlating actual activity at financial reporting to deviations from targeted/forecasted financial metrics.
• Supporting Finance Controller decision-making via specific analyses, such as revenue & VAM analysis, breakeven analysis, direct labor actual vs. quote analysis, and more
• Review and approve 2nd level for CN/DN to customer & supplier.
• Perform first-level approval on the credit review done by the credit analyst, approve within the set limit, And also approve if the customer credit limit exposes
• Work closely with GAM, PM, and material to recover customer claims; establish the claim process for UPPV, expedite cost, and engineering NRE.

• Analysis of monthly revenue & margin against budget & quote
• Responsible for standard costing, Bill of Material costs, and analysis BOM before loading to system against the commercial quote
• Assist in coordinating annual plant-wide stock count & monthly cycle count; Monitor Inventory aging
• Process perpetual Inventory reconciliation and GIT Analysis
• Ensuring that the journal entries are correctly posted to RM, WIP & FG
• Material Loss & Yield Analysis Monthly, scrap accrual; Actively involve in scrap e-bidding & tender.
• Analysis Purchase Price Variance (PPV) and Inventory reval; Participate actively with the operation team to maximise favourable PPV and reduce unfavourable PPV
• Excess & Obsolete Inventory review with Operation management to minimize the risk for the company
• Accrual assessment & Posting of Journal entries, e.g., accrual and prepayments
• Assigning accounting codes and ensuring ePRs are charged to the correct accounting code.
• Responsible for ensuring all reporting deadlines are complied with (both weekly and month-end reporting)
• Ensure accuracy of month-end reporting in local Baan (ERP system) and Outlooksoft.
• Intercompany ICV review
• Approve & ensure the PR (Purchase) request by the operation team is within budget & meets corporate policy.
• Prepare Local Cost Reporting Fcst & Actual (MYR to purchase for the current month)
• Has been appointed as Site Record Coordinator for the Finance Records Management Program
• All the records have been maintained as per IRB & Audit requirements.
• Quarterly audit & meet corporate requirements.
• Help Tax department in finding compile documents such as Invoices and scrap details (Yr 2000-20011) for tax queries from LHDN.
• Coordinate & communicate with the Global Share Service Center team for month-end close & reporting.