CA Jayendra Modi

Experience

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  K S Aiyar & Co, Chartered Accountants

  Apr 2008 - Jun 2011

  Audit Assistant

  Enhanced internal control and process efficiency by giving recommendations while maintaining a high degree of precision in all predictions & calculations Executed internal audits for esteemed clients such as Birla Corporation Limited - Cement Division and Calcutta Electricity State Corporation (CESC), among others Presented comprehensive analysis of accounting data from various client organizations and managing tax audits across diversified fields

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  Yazaki India Private Limited

  Jan 2012 - Jul 2015

  Assistant Manager Finance

  Responsibilities Operated financial statements, including trail balance, profit and loss accounts, age-wise accounts payable and receivable statements, and balance sheets Assessed, created & delivered cost, pricing, variable contributions, sales results, and the company's actual performance compared to business plans Conducted end-to-end accounting and book closures at the plant level Executed continuous improvement initiatives, including localization and reduction of high import content raw material costs Examined major cost components affecting EBIT of the plant and provided suggestions for cost reduction and improved profitability Organized indirect taxation at the plant level Directed budget vs. actuals variance analysis with commentaries for management decision-making Achievements: Aided in reducing RMC (Raw Material cost) by 2% (equivalent to Rs 2 lakhs) by identifying high-import content products and localizing them with the help of the Design and SCM Team Successfully recovered Rs 25 Lakhs as part of receivable management from Tata Motors Limited, Lucknow by actively following up with the marketing team Cleared a long-standing F Form for Capital goods from the Jharkhand sales tax department, reducing a tax liability of Rs 40 lakhs on a valuing of Rs 1 cr. Show less

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  Steel Strips Wheels Limited

  Jul 2015 - Mar 2016

  Manager Finance and Accounts

  Responsibilities same as Yazaki India Private Limited

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  Ford Motor Company

  Apr 2016 - Jun 2018

  Senior Financial Analyst

  Responsibilities: Organized variance analysis of actuals cost booked against the plan for each vehicle model with region-wise split Produced business cases based on investment proposals and projected returns using Time Adjusted Rate of Return Collaborated with the Engineering Team for ongoing product developments, preparing cost analysis reports for proposed changes and budget approval by higher management Supervised the purchase orders issued for tools and reported any duplicate Tool Orders (TO) issued Developed monthly MIS reports, analyzing vehicle and region-wise data Achievements: Saved USD 40000 by addressing a duplicate tool order issue in the On-Going Product Development (OPD) Show less

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  Ashok Leyland

  Aug 2018 - Jun 2019

  Finance Manager- Electric Vehicle

  Responsibilities: Examined the preparation of statutory books of accounts and consolidated reports in compliance with time and accuracy norms Executed project management and capitalization, including claiming expenditure under scientific research expenditure Operated statutory and internal audits, ensuring all compliances within stipulated timelines Controlled physical stock take and reported variances with the system as part of inventory management Achievements: Capitalized SWAP Buses Proto buses valued at Rs 60 Lakhs, audited by statutory auditors, to claim a 100% tax benefit as scientific research expenditure Show less

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  Shell

  Aug 2019 - now

  Finance Function Planning and Reporting (PAR) Lead

  Responsibilities: Leading the end-to-end process for Planning & Appraisal (Operating Plan) for Downstream (DS) Functions, with a budget of approximately $2.5 billion Fostering strong credibility through thorough analysis, transparency, and valuable insights for the Finance Leadership community Executing profit and loss variance analysis of plan vs. actuals, providing keynotes for decision-making Administering complex data for Functions cost to Downstream, including internal allocations to COB, simplifying the functional cost input into Downstream Planning Organizing effective stakeholder management with 15 Functions, Global Charges teams, DS PAR, DS CoB, and DS SME Teams Supervising business performance market drivers and identify measures for improvement Facilitating Capex Budget in SAP and track budget vs. actuals, providing reporting to the leadership teamAchievements: Received standing ovation award from the GPMR Project Team for successfully migrating GPMR to S4 Hana from the function side in Shell Received appreciation mail from the VP Downstream and RES for providing rapid and high-quality information related to Operating Plan 23 for Downstream Functions in Shell Show less