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Subhra Sarkar Head/VP/GM-Accounts Flemingo International Ltd
 
Subhra Sarkar's Profile
Flemingo International Ltd
Subhra Sarkar
Head/VP/GM-Accounts Flemingo International Ltd
confidential
Mumbai, India
confidential
Toostep 
Professional summary
Subhra Sarkar's Experience
Current :

Head/VP/GM-Accounts, Flemingo International Ltd
FMCG/Foods/Beverage
India, Mumbai

Working from 2006

Previous :

Flemingo International Ltd

Worked from 2004 to 2012

Brief summary :

Flemingo International Ltd April 2004 to till date Flemingo is engaged in Manufacturing and Duty Free Multi-Currency Retail Operation and very Large Logistics Supply chain Operation in UAE, Kenya, Tanzania, Sri Lanka and India at International Airports and Sea Ports. I was joined as Group Manager- Internal Audit and promoted as General Manager - Internal Audit w.e.f. May,2006. Major Achievements Set up I.A. Dept with clearly defined Audit Manual and I.A. Charter for whole Organisation. Continuous Review of Operation of 43 Outlets and update Board on emerging risks and trends and conduct specific target Audit. Clause 49 Compliance-Implement Corporate Governance and Audit Committee Presentation and Issues. Enhance Risk and Control Awareness and implement Control Self Assessment throughout the organisation. Enterprise Risk Management Manual - Risk Assessment, Risk Mitigation and Risk Monitoring, Enterprise wise Risk Awareness and Training Annual Internal Audit Plan-focus on Cost optimisation, Compliance, adequacy and effectiveness of Internal Controls, Soundness of Financial Systems, Reliability of financial and accounting reports and Safeguard of Assets and assessment of Economy and Efficiency in procurement and utilisation of all Resources including Inventory. Design of Anti-fraud Controls- Fraud Prevention, Fraud Detection and Fraud Investigation. Periodic Quality Performance Review of functions of Internal Audit Dept. I.T Audit - Data Validation, Access Control, Data Security, Data warehousing, BCP and DRP ISO 9001:2000 Certification and ensure a system driven organisation Reporting - Board of Directors Previous Assignments

Previous :

Flemingo International Ltd.
Mumbai

Worked from 2004 to 2012

Brief summary :

Since Apr04 with Flemingo International Ltd., Mumbai Company Profile: A manufacturing and duty free multi-currency retail operation with very large logistics supply chain operation in UAE, Kenya, Tanzania, Sri Lanka and India at International Airports and Sea Ports. Growth Path: Apr. 2004 Group Manager-Internal Audit May 2006 General Manager-Internal Audit Noteworthy Contributions: Successfully set up and functioning Internal Audit Dept. with clearly defined audit manual and Internal Audit Charter. Conducted continuous review of efficiency of operation of 43 Outlets and updated Board on changing pattern of identified risks and also on new emerging risks and trends and conduct target audits based on emerging issues. Demonstrated abilities in enhancing risk and control awareness programme across the entity and successfully implemented control self assessment specially in all remote outlets. Stellar role in managing major potential Risks, prepared ERM Manual, Risk Assessment, Risk Mitigation (Response Strategy, setting risk appetites, Control activities) and Monitoring the result of mitigation process and Reporting. Designed Anti Fraud Controls - Fraud Prevention system, Fraud Detection system and Fraud Investigation. Conducted periodic quality performance review of functions of Internal Audit Department. Continuous improvement of audit performance by using technology like - Data retrieval Software, Data mining/ analysis software and Integrated Internal Audit Software to achieve paperless audits and real-time reviews. Implemented Oracle base ERP Software from POS to Trial balance including control procedure in all key functions. ISO 9001:2000 certification and ensure a system driven organisation.

Previous :

General Manager, UNICHEM LABORATORIES LTD
GHAZIABAD

Worked from 1995 to 2004

Brief summary :

A) UNICHEM LABORATORIES LTD., GHAZIABAD April 1995 to March,2004 MANAGER - INTERNAL AUDIT and COSTING Major Achievements Cost Rationalisation Audit- Optimum Value towards Customer Satisfaction Compliance of Clause 49 and Audit Committee Presentations Internal Control of Fixed Assets and Spare Parts and Audit of Machine Idle Time. Audit of Revenue and Capital Budgets, Audit of Distributors, Project Audit. Operational Audit - Time and Motion Study and Substantial increase in Productivity. Continual process improvement Audit by introducing goal setting, Bench marking and Best Practices including HR Audit. Financial Audit - Compliance with Policy and Procedures, Authenticity of Transactions and Financial Reporting Product wise and Batch wise Cost Monitoring through lot costing system Framework and Implementation of Total Operational Costing in ERP BaaN Application of Activity based costing in Labour and Overhead cost allocation and control. Product Pricing, Breakeven analysis and Profit Planning Compliance of Cost Audit requirements and reconciliation of Cost and Financial accounts Analysis of Batch wise Process Loss Report on Monthly Basis. Reporting - For Internal Audit - Chief Internal Auditor and Audit Committee. For Costing - General Manager of the Unit

Previous :

Manager, Unichem Laboratories Ltd.
Ghaziabad

Worked from 1995 to 2004

Brief summary :

Apr95-Mar04 with Unichem Laboratories Ltd., Ghaziabad as Manager (Internal Audit and Costing) Noteworthy Contributions: Handled cost rationalisation audit- Continuous review to deliver optimum value to our customer. Looked into the compliance of Clause 49 and audit committee presentations. Demonstrated abilities in looking into the internal control on effectiveness of fixed assets procurement, CAPEX and pare parts management, concurrent analysis of machine down time and corrective action and Daily Reporting process. Conducted: Audit of Revenue Budget, Capital Budget, tracking of change of internal and external parameters of budget, Variance Analysis, corrective actions, Revision of Budgets and impacts on profitability. Operational Audit- time and motion study of each operation, analysis of optimum speed, capacity balancing of each stage of production and substantial increase in productivity in Charter of Demand. Continuous Process Improvement Audit by goal setting, benchmarking and best practices. Audit of Distributors and C and F Agent, streamline credit notes claims and effectiveness of promotions, Expiry and Breakage loss, Goods Return procedure and reduce distribution Cost and Freight Project audit- Cost overrun analysis, Streamline project purchase, audit of R/A Bills and accounting. Implemented total operational costing, in ERP BaaN, prepared accounting manual, implemented integration module of Process, purchase, MODVAT, Logistics and Distribution with Accounts and financial reports. Integral role in the application of activity based costing in labour and overhead cost allocation, Product Pricing, Product life-cycle Cost, Breakeven/Contribution Analysis, profit planning. Conducted regular audit of process loss of each stage of production and impact of loss, reduce through Goal Setting.

Previous :

PROJECT FINANCE OFFICER, I LTD
NEW DELHI.

Worked from 1992 to 1995

Brief summary :

B) JENSON and NICOLSON ( I ) LTD., NEW DELHI. JUNE1992 TO MARCH, 1995 AS PROJECT FINANCE OFFICER. Achievements Project Contract Appraisal and Progress Report Project Fund requirement Scheduling Site functioning - dealing with contractors, liaison function with Govt. Officials. Final verification of Project Bills, Project Accounting and Final Project Capitalisation.

Previous :

Project Finance Officer, Nicolson I Ltd.
New Delhi

Worked from 1992 to 1995

Brief summary :

Jun92-Mar95 with Jenson and Nicolson (I) Ltd., New Delhi as Project Finance Officer Noteworthy Contributions: Closely monitored outflow projection compared with progress chart and prepared MIS for exact status of project. Project cost variance analysis and complete reconciliation of project cost estimates and actual and prepared MIS. Studied each non-scheduled item of work and finalized rate/ unit and reduced cost escalation. Reconciled Supply items like Steel and Cement and recovered cost of wastage and excess used by Civil Contractor. Checked progress bills of contractors, retentions, Bank Guarantees for defectives liability period and final settlement with contractors, accounting and handled independently Capitalization the whole project and Audit. Complied statutory requirements- ESI, Insurance, Works Contract Tax, TDS, Safety Standards, Power, Water etc.

Previous :

Technical Support, WEBEL TELEMATIK LIMITED

Worked from 1988 to 1992

Brief summary :

WEBEL TELEMATIK LIMITED, SALTLAC, CALCUTTA Dec. 1988 to May, 1992 ( GOVT. OF WEST BENGAL UNDERTAKING) A Joint Venture Company of WEBEL and SIEMENS, GERMANY. as Executive - Finance and Accounts Responsibilities Took part in Finalisation of Accounts - Monthly and Yearly and Preparation of Schedules TDS Management , Coordination with Statutory Auditor ,Tax Auditor and CAG Auditor Material and Labour Costing and Royalty Calculation for Technical Support by Siemens, Germany Handling Accounts Payable , L/C Operation and Bill Discounting Project Contracts, Bill Processing , Bank Guarantee and Project Capitalisation.

Previous :

Executive, Webel Telematik Limited

Worked from 1988 to 1992

Brief summary :

Dec88-May92 with Webel Telematik Limited, Saltlac, Calcutta as Executive (Finance and Accounts) It is a Joint Venture of WEBEL and SIEMENS, Germany Noteworthy Contributions: Performed Royalty calculation payable to Siemens, Germany duly audited and certified by External Auditor. Performed Material and Labour Costing, Overhead Allocation and contribution of each product and profit planning. Performed Fund raising - enhancement of Cash credit, Bill Discounting, L/C operation and CMA data preparation. Participated monthly and yearly finalization, prepared schedules, handled statutory audit, Tax Audit and CAG Audit. Handled in-house project-outflow projection, progress bills, BGs, final settlement, accounting and Capitalization. Prepared Budgets, co-ordination with HODs to finalize budget, monthly variance analysis and corrective action.

Previous :

Works Accountant, ADITYA GLASS PVT LTD

Worked from 1986 to 1988

Brief summary :

ADITYA GLASS PVT LTD., DEHARI-ON-SONE, BIHAR August 1986 to Dec. 1988 as Works Accountant Successfully handled Accounts incl. Finalisation of Accounts of Unit and Sales Tax and Excise. ADDITIONAL INFORMATION : Good health, Believe in honest dealing with Internal and External Partners. Believe in Team Work, Open and willing to face any Challenge. Result Oriented, Hard working, Self-motivating, Proactive, Analytical and Innovative. EXTRA-CURRICULAR ACTIVITIES / HOBBIES : Interested in Out-door Games and reading Books, Journals and listening Music Interested in innovative and development Work and writing Inter-acting with people and learning habits.

Previous :

Works Accountant, Aditya Glass Pvt. Ltd.

Worked from 1986 to 1988

Brief summary :

Aug86-Dec88 with Aditya Glass Pvt. Ltd., Dehari-On-Sone, Bihar as Works Accountant Noteworthy Contributions: Performed all factory accounts, maintained Excise and sales Tax records, TDS deductions and returns. Performed Finalisation of Factory Accounts, prepared all schedules, Capitalization, Depreciation and handled Audit. Handled factory administration, payroll, statutory matters like - ESI and PF, Bank reconciliation, Handled inventory accounting, Physical verification, reconciliation and reduced inventory and non-moving stock. Reduced Packing material cost by standardization of packing size.

Subhra Sarkar's Education

1976
ICWA
India
From 1991 to 1996
 
 
 
 
Subhra's communities
Finance & Accounts
20112 members, 151 jobs, 313 articles, 187 questions, 424 debates, 129 idea contests.
SOX compliance
292 members, 36 jobs, 43 articles, 19 questions, 6 debates, 0 idea contests.
Compliance Officers
270 members, 6 jobs, 23 articles, 11 questions, 12 debates, 1 idea contests.
 
 
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