VME Mgmt Incentive Settlement

Summary
A highly accomplished and results-oriented finance professional with 17+ years
of experience in commercial controlling, business finance, and plant finance
within the manufacturing and after-sales sectors. Proven expertise in marketing
expenses management, sales accounting, and credit control. Adept at process
improvement, cost optimization, and internal controls. Excellent analytical,
problem-solving, and communication skills, with a strong track record of leading
teams and implementing impactful financial strategies.
Experience


 

Spearheaded monthly Variable Marketing Expenses (VME) scheme design in
coordination with business units, ensuring alignment with financial objectives
and regulatory compliance.
Managed direct and indirect tax implications on marketing expenses,
minimizing tax liabilities and ensuring adherence to statutory requirements.
Skills
Marketing Expenses Management
Led process automation
Oversaw expense provisioning and coordinated with the Global Delivery
Center (GDC) for efficient settlement of dealer claims
Collaborated with regional finance and marketing teams to address
marketing expense matters, providing financial guidance and ensuring
budget adherence.
Commercial Controlling
Sales Accounting (Vehicle & Parts)
Credit Management
Led automation projects across CRM, NextGen, and SAP platforms,
streamlining processes and improving efficiency
MIS preparation & management
reporting
Managed various audits (statutory, control, internal, dealer), ensuring
compliance and implementing corrective actions to mitigate risks.
Process Improvement
Team Management
Production Level Incentive (PLI)
Audit Handling (Statutory
Internal
Conducted VME spend effectiveness analysis and delivered comprehensive
MIS reports to senior management, enabling data-driven decision-making
and resource allocation.
Successfully implemented the Production Level Incentive (PLI) process.
Control)
Second assignment in Tata Motors Limited ( May 2017-Dec 2017 )_Global
Delivery Centre _PAN India Spare parts accounting:
Language
Managed spare parts dealers receivable, financers fund, and credit control.
English
Hindi
Managed dealer claim settlements and led various audits, ensuring
compliance and accuracy.
Bengali
Built and mentored a new team for PAN India spare parts accounting,
fostering a collaborative and high-performing work environment.
Extra Curricular
First assignment in Tata Motors Limited ( Dec 2011- May 2017 )_Tata
Motors Ltd_RFM East for commercial and Passenger vehicles spare parts
unit:
Regular runner, completed multiple
half marathons, full marathons and
Ultra marathons.

Having interest in wild life
photography.
Sales tax accounts reconciliation and determination of monthly VAT, CST and
Entry tax payable amount.
Liaison with excise and sales tax authorities.
Quarterly C Form& F form reconciliation, follow-up with business for collection
of pending C Forms.
¢ Vendors payment management
¢ Regional dealers receivable and credit control management
¢ Warehouse inventory management
¢ Parts sales billing management
Castrol India Limited
Plant Finance Executive
Dec 2007 - Dec 2011
Managed excise accounting, ensuring accurate record-keeping and
compliance with regulations.
Oversaw product costing and plant overhead costing, providing insights for
cost optimization.
Led vendor negotiations, achieving cost savings through effective negotiation
strategies.
Managed all accounts payable, ensuring timely and accurate vendor
payments.
Managed stock accounting and conducted physical stock verification,
maintaining accurate inventory records.
Developed and managed plant overhead budgets, conducting variance
analysis to identify areas for improvement.
Prepared schedules for tax audits and statutory audits, ensuring compliance
with regulatory requirements.
Coordinated with government authorities, including excise and sales tax
departments, to resolve issues and ensure compliance.
Managed the internal operation guideline audit process, identifying areas for
improvement and ensuring adherence to policies.
Prepared and reported plant excise and cost MIS to corporate management,
providing insights for decision-making.
GD Pharmaceuticals Pvt. Ltd
Accounts Executive
Feb 2006 - Nov 2007
Reconciled debtors and creditors accounts, ensuring accuracy and resolving
discrepancies.
Prepared bank reconciliation statements, identifying and resolving any
differences.
Prepared MIS reports, providing insights into financial performance.
Assisted in the finalization of accounts, ensuring accuracy and compliance
with accounting standards.
Handled excise-related matters, ensuring compliance with regulations.
Compiled VAT and central sales tax data, ensuring accurate reporting.