1. CURRICULUM VITAE
CA SAUMENDRA NATH GHOSE
Mobile: +91 9903143076 Res: +91-033-24418343 Passport Nos: L7662064
E-Mail:saumengh2007@rediffmail.com, saumengh2014@gmail.com
Senior Finance Management & Commercial Manager
SeniorManager and ACA offering over10 years of experience in successfully managingthe overall Finance, Accounts, Strategic
Planning, Budgeting,Statutory &Business Compliances,BusinessProcessesand Financial Reporting Strategy Planning, Taxation,
Vendor Management, MIS & Commercial Operation.
Experienced in conceptualizingand implementingfinancialproceduresand actively involved in the maintenance & finalization
of accounts, audits, Shared services, working capital management, Mergerand Acquisition, valuation, profit monitoring,Business
planning & accounting, Management Reporting and building internal financial controls. Adopt at development of financial
policies/ guidelines for effective Account and fund management.
CORE COMPETENCIES
Auditing/ Statutory Compliance/Commercial
 Finalising of books of accounts and liaising with internal & statutory auditors
 Supervising over tax plans and ensuring timely assessment and filing of direct & indirect tax returns including
TDS,VAT,Service Tax etc.
 Controlling over Excise,Import & Export Documentation as well as preparation of Costing and WIP Statement.
 Responsible for interacting with operational team for Commercial & Customer support.
 Responsible for Contracts & Negotiations with customer for order booking as well as getting amendment of customer
order
Strategic Financial Planning including Investment decision
 Heading finance functions for determining of financial objectives, designing & implementing systems, policies &
procedures to facilitate internal financial control.
 Formulating business plans / strategies for maximizing growth in profitability & revenue generation & realising
organisational goals.
 Predicting short term and long term cash flow for decision making on funds required in business and borrowing from
banks or to take decision for investing surplus funds in different avenues to get better returns and reduced interest
cost.
General ledger /Accounts Payable / Receivables/Fixed Assets/ Inventory/ PO modules
 Interacting with suppliers / creditors for timely delivery of material/services,obtaining good credit and handling
receivables through ageing analysis by timely collection to ensure the target with prominence to customer satisfaction.
 Performing the reconciliation of receivables, payables, dealers and distributors accounts for quarterly financial closing.
 Ensuring speedy processing of payments to creditors and preparing credit notes.
Accounts & MIS
 Generating financial performance/ MIS reports for purpose of submission to top management for strategic decision -
making, Credit Control & Profitability.
 Supervising timely preparation of statutory books of accounts, financial statements and annual financial reports,
ensuring compliance of accounting standards (IGAAP and IFRS).
 Reviewing accounts payables and rectifying the same including processing and passing of bills payable.
 Overseeing the preparation of MIS reports to provide feedback to top management on financial performance, fund
management, cost control, credit control, and profitability, enable quick decision making and corrective action.

2. PROFESSIONAL EXPERIENCE
Since Mar’ 2012 working with Voltas Limited(a Tata Company) as Commercial Head (SMS,RWTP &HVAC
Projects)
Key Responsibilities:-
 Responsible for invoicing of all jobs in SAP and also for collection of outstanding payment from customers so that
ultimately gross and net exposure is kept low as otherwise continuous cost incurred in the project will lead to
increased gross exposure and net exposure.
 Prepare as well as amend Billing Schedule for various jobs by breaking up into various line items as and when
required based on project schedule and detailed engineering. Accordingly I make the sales order /customers
Purchase Order modified based on updated Billing Schedule. Then amended customer PO is fully uploaded in SAP
to facilitate invoicing.
 Prepare claim bills for any work done not covered in PO but is contractually correct for demanding increase in
contract value to facilitate increase in turnover due to addition/extension of scope of work. Besides this if there
is quantity increase which comes to knowledge after detailed engineering I have to prepare claim bill for
increased quantity because our contract is EPC ie lumpsum contract. Even if there is abnormal increase in price
of any commodities, in this case also I had raised claim bill to compensate the effect of increased price from the
customer in the absence of price variation clause in the contract. In case of idle labour due to strike, sudden
shutdown and other reasons for delay in giving work permit or stoppage of work due to safety or other reasons
which is attributable to customer I raise claim bill to cover the idle labour cost for mandays wasted because we
have to pay to our subcontractors as for 1 or 2 days it is very difficult to withdraw labour and then again
redeploy them at site. All the claim bills have been registered with our customer ie Tata Steel Ltd and copy of
the claim bills alongwith minutes of discussionwith Management of Tata steel ltd is also being emailed to our VP
and MD.
 Responsible for Working Capital Management ie Receivables, Inventory and Payables. Here I raise invoices on
customers as soon as materials are delivered and each stage of job is completed pro rata wise leading to
increase in receivables and get the bills processed by customer quickly to get payments within 30 days. We keep
project inventory only for HVAC project and issues to subcontractors towards each job. I keep inventory for
those items which are required and issues the same to subcontractors towards job so that I can raise the bill to
our customers and convert it into receivables for ultimate collection of payment from customers. At the same
time I book vendor bills in the system leading to recording of payables only when material had been delivered,
after our RGRN and customer GRN is done and customer had accepted the material and in case of service bills
are booked when work had been certified by customer and our measurement had been certified for raising our
bill towards customer. Vendor payment is being done after checking all the statutory compliances relating to
PF,wages payment,royalty payment, service tax payment, material reconciliation and submission of proper
documents in case of suppliers ie Cenvatable Excise Invoice enabling the customer to get Cenvat credit,
Commercial Tax Invoice in case of VAT bill to enable us to get VAT credit, Freight bill, Warranty certificate and
also Performance guarantee in case of high value items. I retain 10% payment from all major vendors which will
be disbursed after successful commissioning of project because any defect liability may arise.
 Responsible for reconciliation of materials issued to subcontractors and I have to sit with the storekeeper,
planning manager to get the material reconciliation completed every month before releasing the payment of
subcontractors and wastages after tolerable limit ie 2% is deducted from the subcontractors bills. I have to
keep a track of any material damaged/stolen by subcontractor and keep track of unlawful sale of scrap by
subcontractor as scrap needs to be moved to customer scrap godown for recovery from subcontractors because
the same will be recovered by customer from our bill.
 Prepare monthly profitability statement, risk mitigation statement & cost to come of various projects where I
capture all the the cost recorded in SAP and in cost to come I prepare minutely with Planning Engineer and
Project Managers estimated cost is to be incurred depending on completion stage of project ,which of materials

3. yet to be delivered and what work yet to be done alongwith proportionate Overhead Cost as long as project will
run. Thus I capture what are cost incurred from SAP and what are the cost yet to be incurred from Cost to come
statement and compare it with Fixed contract value from customer alongwith any revisions any in contract value
by way of Amended PO to calculate the margin and see whether it falls short of committed margin that we had
made to the management at the opening stage of project or if it exceeds the committed margin, then project is
running at a good stage.
 Responsible for Budgetary Control because Planning Team approaches me to allocation of budget for releasing
PO of some vendors where budget had been exhausted in WBS element under particular GO I have to make
exercise to find out some buffer amount in any WBS element under the GOs belonging to same project so that
margin does not get affected. I have to swap the budget by withdrawing the specific amount from one WBS
element where there is buffer amount ie no new PO needs to be released from this WBS element under a
particular GO and by increasing the same amount in another WBS element in a particular GO where PO needs to
be released by preparing Budget swapping statement and get it approved from GM Projects which goes to SAP
team through prescribed format alongwith approval to get the budget changed thereby facilitating release of
required vendor PO.
 Responsible for statutory matters and coordinating with Indirect tax department for taxation matters ie E-1,E-II
transactions. Since most of our transaction are sale in transit ie subsequent sale I have to raise invoice within the
same month or at least in the same quarter in which material had been delivered. On quarterly basis I have to
submit copy of SAP invoice, Mannual annexure, Endorsed LR, Way bill, Vendor invoice mentioned in waybill for
each sale in transit invoices which are required by Indirect Tax department for issuing C Form to vendors. At
same time I prepare quarterly statement for collection of C Form from customer in their prescribed format.
Besides this I used to collect WCT certificate from customers and submit it to Indirect Tax Dept for claiming
WCT credit.I also used to collect TDS certificate from customer for settling the amount deducted by customer
towards TDS.
 Responsible for negotiating with customer for seeking project extension giving extended dates and reasonable
logic for extension by sitting with Project Managers and Project Director otherwise I will not be able to collect
payment from customer as customer will deduct Liquidated Damage ie LD when project goes beyond the
scheduled period mentioned in the Customer’s Purchase Order. Then I have to seat with Project Manager to
convert our project extension request into SR which will presented towards Cost Committee and Audit
Committee of the customer and then it will be moved towards MD of customer for signing and finally Customer
PO gets amended by extending the delivery/completion dates on the basis of approved SR.
 Maintains tracker of Advance Bank Guarantee, Performance Bank Guarantee and Insurance –both Transit
insurance and Workmen Compensation Insurance of each such project to find out which ones are expiring
and whichones has to be renewed stating categorically the amount and period of renewal as these are also
essential to collect timely payment from customer.
Major Achievements :-
 Due to timely invoicing and timely collection of payments from customer I had kept Working Capital and
CashFlow of project at a favourable position.
 I had improved liquidity position by changing payment terms of customer PO so that I can get 100% payment
on billing without any retention against performance bank guarantee whereas I had kept 10% retention for
all major vendors till commissioning of project.
 In HVAC project I negotiated with the vendors to give the material at lower rate compared to rates offered
by customer as a result our margin had improved compared to the margin we commited to the management.
From Jan 2011 to Mar’ 2012 working with Dunlop India Limited, as Manager- F& A & Commercial
Key Responsibilities:-
 Controlling routine accounts of the company including consolidation of all units into Final Accounts
 Preparation of Monthly MIS reports like Liability Statement, Fund Flow Report & Cash Flow Statement etc.
 Engages in statutory matters like Excise, VAT, TDS, PF, ESI & PTax and satisfy their compliances.
 Preparing Cost Sheet, Daily Profitability Report and Daily MIS reports sent to the Chairman of Cos.

4.  Cooperating with Internal , External auditors & Cost Auditors in course of audit by preparing audit file.
 Engages in payroll processing of workers & staffs and keeping control over payroll related statutory liabilities like
PF, ESI, Ptax etc.
Major Achievements :-
 I had prepared elaborate cost statement stating alternative ways by which net contribution shall be kept
positive and minimum investment required for carrying on particular production.
 I had taken cost reduction measures and cleared old Statutory Dues which were pending for several years.
From Feb 2010 to Dec 2010 working with Meghalaya Cements Limited (Topcem India Group) as Deputy
Manager (Accounts & Finance)
Key Responsibilities:-
 Maintaining routine accounts of the company including preparing monthly Profit & Loss A/c and Balance Sheet of
the company as well as monthly MIS.
 Carrying on finalization of accounts of entire group including consolidation matters, assisting the external,
internal auditors, tax auditors by preparing statutory audit file , internal audit file and tax audit file.
 Participated in Cost Audit, Excise Audit & Service Tax Audit and prepared documentary evidences as required.
 Preparing cost sheet as well as WIP Statement and making analysis of variances with standard norms
Major Achievements :-
 I had streamlined the accounts of MCL which was in very haphazard manner.
 I had made proper evaluation of working capital position ie movement of stocks,receivables and cas h and
had increased the Inventory,Receivable turnover and arranged for prompt collection from customers so that
fund does not get unnecessarily blocked.
From Mar 2009 to Feb 2010 working with Malcom India Limited as Assistant Manager (Accounts &
Commercial)
Key Responsibilities:-
 Independently maintaining routine accounts and preparing monthly Profit & Loss A/c, Balance Sheet as well
as monthly financial MIS.
 Reconciling the bank statement, PCFC statement and Bill discounting statement.
 Reconciling shipment wise cost statement with the monthly Profit & Loss A/c. and analyse the variances
between them.
Major Achievements:-
Earlier accounts were prepared in haphazard manner but now the accounts have been fully
streamlined so that within 1st
day of next month MD of Cos can view accurate and clear Profit & Loss
position of unit.
From Nov 2004 to Mar 2009 working with Rainbow Infrastructure & Housing Development Limited as
Assistant Manager (Finance & Accounts)
Key Responsibilities:-
 Carried on finalization of accounts of almost all companies of Rainbow Group.
 Complied with statutory matters like TDS & VAT including their quarterly returns and also filing of Annual
Return.
 Preparing fund flow statements of different major operational units including their monthly profit and loss
account.
 Preparing various MIS reports like footfall analysis, breakeven statement and monthly profitability report.
Major Achievements:
 Made analysis of breakeven position and compared revenue of each department and scenario analysis of
demand supply factor for arriving at the projected profit of the operational units which was totally a loss
making project.

5. From Jan 2002 to Oct 2004 working with Rupa & Co (Patna) as Accounts In charge of Patna Branch
Key Responsibilities:-
 Maintaining routine accounts of the branch and submitting it to Head Office.
 Finalisation of branch accounts and reconciliation of Branch accounts with Head office.
 Assisting the Internal and statutory auditors.
From Jan 2000 to Dec 2001 working with S Jayakishan & Co as Senior Audit Executive
Key Responsibilities:-
 Carried on independently statutory audit, internal audit, tax audit and management audit.
From Jan 1993 to Dec 1996 working with Price Waterhouse Coopers Ltd as Article Trainee & then worked
as Management Trainee from 1997 to 1999.
Key Responsibilities:-
 Carried on both internal and statutory audit of following organizations namely TIL Ltd, Mother Diary
Sanderson Minerals, BOC, Duncan Industries etc.
IT SKILLS
 Excellent knowledge of SAP besides good working knowledge of MS Office (Excel, Word, PowerPoint),
Internet and E-Mail.
 Good flair for automation, systems implementation. Processes, shared services and improvement.
ACADEMIC CREDENTIALS
2008 Chartered Accountant from ICAI
1993 B.Com. (Hons.) From Kolkata University
1990 12th
from South Point High School, Kolkata
1988 10th
from South Point High School, Kolkata
PROFESSIONAL TRAINING
Organization: PricewaterhouseCoopers
Duration: 3 years
Depiction: Article ship
PERSONAL DOSSIER
Permanent Address : 308D, Prantik Pally, Bosepukur, Kasba, Kolkata-700042, WB
Sex : Male
Nationality : Indian
Marital Status : Married
Religion : Hindu
Strength : Self Confidence, Positive attitude
Languages Known : English, Hindi and Bengali
Membership Details: Associated Member of ICAI (Membership Nos-067046)

6. Saumendra Nath Ghose