Jaikishan Biswal

Experience

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  Welset Plast Extrusions Pvt Ltd

  Jan 2013 - Jul 2015

  Senior Executive Costing & Finance

  • Product Costing, Pricing for Local & Export Customers, Bill of material audits, MIS Reports on the basis of daily, weekly & Monthly Cost & Sales Analysis.• Financial Statements Analysis & Expenses Control & Budgeting, finishing special projects as requested.• Work closely with R & D to understand formulation issues and how they impact the financial results as well as inform department(s) on cost drivers and variances. • Interacting with Plant Head for Product Cost Control & ensuring Bill of Materials (BOM) are accurate and up to date. Review and audit BOM’s to ensure they reflect the latest manufacturing practices.• Analyze actual labor, material, and overhead cost against Standard/Budget. Research and explain variances. Report this information monthly or as needed.• Work with the finance & marketing departments to implement customers’ terms & conditions.• Support Controller’s efforts on implementing and maintaining internal controls for operations, sales, Research & Development and finance. Show less

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  Jet Airways

  Aug 2015 - Sept 2018

  Executive Financial Controls

  BudgetingPrepare the assumptions that each department or division will use in preparing its budget in consultation with management & checking all computations.Responsible for consolidating all individual unit budgets into divisional budgets and an overall corporate budget for management use.Responsible for spotting significant variances from budget, determining the reasons, and reporting such information to management.Variance AnalysisCost Performance Analysis Monthly, Annually with respect to department, Cost Element, stations.Review the departments justification reports for unexplained variances and consolidate all the reports into a corporate monthly report for management.CostingCost Computation of all types of Training, Services rendered taking into considerations all cost (Fixed & variable) & operational parameters.Project ForecastingForecast an estimate of the future impact of a given decision or set of decisions over a specified period of time.Economic analysis: Estimating the cost of the project (One time cost & recurring cost), effect on future cash flows, Pay-back period & Return on investment for at least three to five years.ControllingEstablish strategic control points related to key operations or events and identify problems before serious damage occurs. Reviewing & monitoring all operating expenditures.MIS Preparing MIS reports on Pilots Productivity, Layovers & overtime. Interpreting results to suggest control points, stop leakages.Handling ContractsReviewing all the terms & conditions of the agreement & ensuring that it should be in line with business interest.Process & System DesignDefining the process, including input, output and performance measures and analyzing the activity within each process. Analyzing the cost drivers for each activity and process and using the results of such a system in the preparation of various financial reports. Show less

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  Welset Plast Extrusions Pvt Ltd

  Sept 2018 - Dec 2020

  Financial Analyst

  • Budgeting Review of the Previous Sales Trend Segment wise and Expenses Analysis from variable and Fixed Cost point of view. Forecasting the Sales for the Budget Period based on market Scenario & business Expansion Plans. Estimation of Fixed and variable expenses for the budget Period in line with the sales budget. Calculation and Consolidation of Financial budgets across SBU’s and setting the bottom line target after inputs and approvals from management.• MIS & Dashboards Preparation & Analysis of MIS reports on all business Functions: Expenses, Product Costing, Sales (Domestic & Exports), Purchases and Production. Suggest Management control points, Highlighting outflows & identifying the reasons for increase in cost. Designing Layout & Automation of Business Dashboards for Top Management on all key parameters of Business. Preparing Daily, Weekly, Monthly & Annual dashboards and presentation to management in a meaningful & informative way. Preparation of the Board presentations for strategic decisions using the data from all functions.• Project Evaluation & Cost Benefits Analysis Cost Benefit analysis of the project based on future cash flows, break even Calculation, Pay-back period & Return on investment.• Costing Calculation of standard Costing (Fixed and Variable) for the Company and implementation of the same in product pricing and Margin calculation. Studying the Transfer Pricing for the overseas transaction with subsidiary to ensure the implementation of Arm’s Length Principle and Profitability of both entities• System Design & Review Conceptualizing the efficient process, including input, output and performance measures and Implementation of the system with automation or minimal efforts Show less

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  Cactus Communications

  Dec 2020 - Dec 2023

  Manager Financial Planning and Analysis

  As a Manager of Financial Planning and Analysis, I am responsible for overseeing the selling, general, and administration expenses.Key Responsibilities:1. Budgeting: Collaborate with cross-functional teams to develop and manage the annual budget for selling, general, and administration expenses. Ensure alignment with organizational goals and objectives.2. Monthly MIS and Forecasting: Prepare timely and accurate monthly MIS reports, including financial statements, variance analysis, and key performance indicators (KPIs). Develop accurate financial forecasts to support business decision-making.3. Financial Analysis: Conduct in-depth analysis of financial data to identify trends, patterns, and insights. Provide actionable recommendations and strategic insights to optimize performance and drive cost efficiencies.4. Transaction Review: Oversee the review process for all transactions, ensuring proper accounting treatment, accurate tagging to cost centers, and alignment with business verticals. Identify andresolve any descrepancies and error at source.5. Sales Commission Calculation: Manage the calculation and validation of sales commissions for major vendors.6. Stakeholder Collaboration: Work closely with various stakeholders, including finance teams, business unit leaders, Vendors and senior management, to understand business requirements, provide financial guidance, and support decision-making processes.7. Process Improvement: Continuously identify opportunities to streamline financial processes, enhance data accuracy, and improve reporting efficiencyKey Skills -- Strong financial acumen with a deep understanding of budgeting, forecasting, and variance analysis.- Proficient in financial modeling, data analysis, and reporting tools (e.g., Excel, Power BI).- Excellent analytical and problem-solving skills with attention to detail.- Ability to work in a fast-paced environment and manage multiple priorities effectively. Show less

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  VWR, part of Avantor

  Dec 2023 - now

  Finance Business Partner