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  Ashok Kumar Ojha

  Current Location: India

  •  Diving Manager
  • Profile Created Date:29 Mar 2020

Description

PROFESSIONAL EXPERIENCE:

 

 Reputed Company                                                                                                                                                            Sept. – till date

(Leading market player in detergent business and FMCG group with crore turnover)

Finance Controller – RSPL Ltd, Ahmedabad, Gujarat                                                                                                   Sept. – till date..

  • Ensure true and fair financials as per statute; establish accounting control and requisite checks and balances to ensure completeness, accuracy and timeliness in capturing all monetary transactions.
  • Developing & executing Internal control policies/procedures including accounting processes and revising procedures for general operation of compliance framework & its related activities to ensure regulatory and other compliances & Lead process improvement.
  • Efficiently supervising and formulating monthly financial results and MIS for monitoring movement of key business indicators to facilitate decision making.
  • Ensure all direct and indirect tax compliances.
  • Accountable for Capex worth crore, making timely payment to EPC contractor, consultants & technicians etc..
  • Responsible for all financial projections & liaison with Lenders for pre-disbursement compliance requirements, covenants and other formalities post sanction of facility. Manage financial relationships with lending institutions and funding organizations.
  • Perform the role of a people manager for the team size of .
  • Ensure smooth migration to SAP based accounting module.

ADANI POWER LTD.                                                                                                                   Aug – Aug

(Largest Private power producer in India with installed capacity of MW & also engaged in Power transmission across the nation)

Dy. General Manager (Finance & Accounts) – Adani Power Ltd, Ahmedabad, Gujarat                                      April – Aug

Sr.Manager (Finance & Accounts) – Adani Power Ltd, Ahmedabad, Gujarat                                                          Aug – March

 

  • Creating knowledge Centre with respect to regulatory environment /framework in order to ensure compliance with various guidelines/norms suggested by central/state level commissions & PPA with discoms.
  • Ensure monthly Energy billing covers all aspect of PPA , FSA & prevailing regulatory norms to minimize revenue leakage and maximize profitability of each BU.
  • Efficiently supervising and formulating MIS for monitoring recoverability of cost as per PPA, CERC norms and other regulatory guidelines to facilitate decision making and fruitful dissemination of information to top management.
  • Responsible for entire spectrum of Accounting matters of the company viz. upkeep/finalization of accounts, Fuel Accounting, Billing (Energy Billing as per PPA terms) and liaising and coordinating with auditors & other internal stakeholders.

CLP INDIA PRIVATE LTD.                                                                                                           Feb – July

(A subsidiary of Hong Kong based MNC, a years old organization engaged in Power generation, transmission & distribution across the globe)

Manager (Finance & Accounts) – CLP India Private Ltd, Bharuch, Gujarat                                                               Nov – July

Manager (Finance & Accounts) – Jhajjar Power Ltd, Jhajjar, Haryana                                                                        Feb – Oct

 

  • Conceptualizing and implementing accounting policies/ principles and tracking systems for various functional areas while ensuring compliance with accounting standards & procedures.
  • Handling entire spectrum of Financial & Accounting matters of the company viz. formulation/upkeep/finalization of accounts, Fuel Accounting, Billing (Energy Billing as per PPA terms) and conversion of I-GAAP based monthly financial results into HKFRS/IFRS compliant statement.
  • Significantly contributing in developing & executing Internal control policies/procedures including accounting processes and revising procedures for general operation of compliance framework & its related activities to ensure regulatory and other compliances.
  • Overseeing project Insurance policy related matters including purchase of high risk coverage policies for power plants, Insurance programme monitoring & implementation including claim processing within specified time; during tenure of Jhajjjar Power Ltd., purchased Marine/Marine DSU, EAR/ALOP etc. policies for mega thermal power plant and successfully settled insurance claim of INR .MN.
  • Planning & implementing innovative strategies to initiate and control finance, projected towards organizational goals to maximize profitability.
  • Efficiently supervising and formulating monthly financial results and MIS for monitoring movement of key business indicators to facilitate decision making and fruitful dissemination of information to Corporate Office & Group Company at Hong Kong.
  • Looking after Operational expenditure/control and responsible for strategically planning & implementing innovative financial and business strategies to initiate finance control to maximize profitability; significantly contributed in Loan shuffling/refinancing with lower rate.
  • Playing a pivotal role in monitoring and implementing SOX while providing inputs for cycles viz. P, P, P& P; during tenure of Jhajjjar Power Ltd., implemented Internal Controls/SOX norms across the unit & efficiently settled down issues raised by various Audit Teams.
  • Successfully liaising and coordinating with banks, financial institutions, auditors, Insurers, regulatory authorities and other institutions regarding company’s matters to ensure smooth working all the time.
  • Identifying and implementing strategies for building team effectiveness by promoting a spirit of cooperation between team members; motivating and guiding subordinates regarding their profile and responsibilities to ensure flawless working.
  • Driving efforts towards Asset capitalization including Capex additions & Modifications into various assets/physical structures based on commercial & technical estimates; outstanding contribution in Capitalization of Capex expense worth MN INR.
  • Designing internal controls and quality audit checks; monitoring verification of operational efficiency levels and evaluation of internal control systems whilst making necessary recommendations.
  • Maintaining fund management of the organization; efficiently reviewing the profitability of business to assess the correctness of revenue and expenditure accounted, monitoring the inflow & outflow of funds while ensuring optimum utilization of available funds to accomplish organizational goals.
  • During tenure of Jhajjjar Power Ltd., deftly looked after entire cycle of construction of project i.e. from first excavation to COD of the plant; also responsible for rolling out FI/CO module of SAP & seamless transition to new environment.
  • During tenure of Jhajjjar Power Ltd., accountable for making timely foreign currency payment—to ECB lenders, EPC contractor, consultants, technicians etc; successfully handled EPC contract (worth $. MN, EURO . MN, & INR . MN).

 

NATIONAL HYDROELECTRIC POWER CORPORATION LTD.                                                                                      Jan – Jan

(A Mini-Ratna CPSU, by far the biggest player in Hydro power in India, engaged in Power generation & transmission across Indian Sub-continent.)

Accounts Officer

 

PARBATI HYDROELECTRIC PROJECT, H.P ( MW; Capital outlay INR Cr & Employee strength > .)            Jan –Jan

SIANG BASIN PROJECTS, A.P ( MW; Capital outlay INR Cr & Employee strength > )     

Jan – Dec

 

  • Successfully standardized & managed the accounting system of the company and maintaining uniform accounting practices for the smooth running of the business; handled various accounting operations viz. upkeep/finalization of books of accounts as per accounting norms.
  • Spearheaded efforts across maintaining policies and revising procedures for general operation of compliance framework & its related activities to ensure regulatory & other compliances.
  • Developed and monitored the MIS facilitating periodical reviews, reports and other statements to provide feedback to top management on financial performance viz. fund management, credit control and profitability; significant role in upgrading the system in tune with organization’s MIS requirements for generation of information & records.
  • Streamlined general administration by scrutinizing flaws and devising strategic measures for betterment; rendered administrative assistance in fulfilling administrative requirements of over employees of Finance & Accounts wing.
  • Accountable for preparing Revised “Detailed Project Capital Cost Estimate” with capital outlay to the tune of Rs. Cr.
  • Analyzed and interpreted accounting information formulated cost effective budgets and conducted variance analysis to determine difference between projected & actual results and implementing corrective actions.
  • Interfaced and coordinated with various departments and auditors for audit scheduling, clarifications and carrying out audits including Audit, CAG Audit & Statutory Audit; played a pivotal role in executing Internal controls norms across the unit & settlement of issues raised by various Audit Teams.
  • Liaised and coordinated with statutory and regulatory bodies and assisted them in carrying out scrutiny and inspections thereby ensuring adherence to specified rules and regulations.
  • Ensured compliance to the govt. rules and regulations as laid down by statutory authorities.
  • In recognition of professional competencies entrusted with responsibilities as Manager within months of joining the organization.
  • Highly commended by the management for obtaining clean Audit Report from CAG & Statutory Auditors for years on trot.

 

DHANDA RAJENDRA & CO. (CA FIRM), DELHI                                                                                   Aug – Nov

 Manager Audit

 

  • Conducted audit, verified books of accounts to detect any possible fraud, evaluated internal control systems/procedures and prepared audit reports to highlight shortcomings and implemented necessary recommendations.
  • Successfully handled various audits and their final reports including HLL, ICICI Bank, OBC Bank etc….

PROFILE & STRENGTHS

 

  • Competent, diligent & result oriented professional, offering experience across Accounting & Financial Matters, Audit Facilitation, MIS, Internal Control, Insurance, Budgeting & Costing, Power Industry Regulations (CERC Norms/Guidelines), SOX, IFRS, Ind-AS, Taxation (Direct & Indirect)  and Project Insurance & Project Finance (ECB & INR both) while working  in SAP environment; currently spearheading as General Manager with RSPL Ltd .
  • A qualified Chartered Accountant and MBA (Finance) with dexterity across Financial Management, Auditing, Fund Management, Cost Control and Liaison/Coordination; expertise in formulating and implementing financial/Internal Control Policies/Procedures, Conducting/facilitating Audits and implementing statutory provisions with the ability to relate theory with practice.
  • Demonstrated ability to drive growth of the company apart from funding the projects, towards the achievement of stated objectives, to plan and manage cash flow & working capital for smooth running of business.
  • Recognized as a hands-on, proactive individual who can rapidly identify financial and business problems, formulate tactical plans, initiate change and implement effective business strategies in challenging environments.
  • Excellent Relationship Management skills, with the ability to conceive profitable solutions utilizing technology. Industrious professional, thriving on a challenge while working effectively with all levels of management and the people therein.

Core Competencies:

wFinance &Accountsw IFRS & IND AS wAudit FacilitationwMISwBudgeting & CostingwInternal Controlw SOXw Project Insurance & Project FinancewTaxation (Direct & Indirect) w Strong Interpersonal Skills w Sharp Analytical Skills w Effective Leadership Skills w Liaison & CoordinationwRegulatory & Legal Matters

Nationality : India


Residential country : india


Date of birth : 27-12-1973

Address : A-, VENUS PARKLAND, VEJALPUR ROAD, VEJALPUR


Language: English


Language Known

Skills

    Computer Proficiency:

    MS Word, Excel, Accounting packages – Tally; Finnacle (Fox-Pro based Pkg); & Oracle . version. MMS (Material

    Mgmt System-Oracle based software), SAP- FICO module (ECC . version), SAP BO Analysis.

Education

2001

MBA/PGDM from G.G.S.I.P University University

India

1995

B.Sc from University of Delhi University

India

Career

01/2004 - 12/2008

Position: A.P

Employer: SIANG BASIN PROJECTS

Country: India

01/2008 - 01/2009

Position: H.P

Employer: PARBATI HYDROELECTRIC PROJECT

Country: India

02/2009 - 10/2012

Position: Manager

Employer: Jhajjar Power Ltd

Country: India

11/2012 - 07/2014

Position: Manager

Employer: CLP India Private Ltd

Country: India

08/2014 - 08/2017

Position: Manager

Employer: Adani Power Ltd

Country: India

09/2017 - /

Position: Finance Controller

Employer: Reputed Company

Country: India

certificate

Computer Proficiency

01-01-70 To 01-01-70

IFRS CERTIFICATE

01-01-70 To 01-01-70