Job Responsibilities
Solely responsible for all Financial and Administration
Decisions apart from the routine Accounting Activities,
reporting to the General Manager of the Company.- Major activity
throughout the week.
Development of MIS Reports & Control Systems for providing
regular updates, information and feedback to the General
Manager. - Daily.
Investment projects with Business diversification in terms of
Trading activity (Signet Eco Tec Power Battery Activator) and
Early Learning Centre (Kidzee, a project of Zee Interactive
Learning Systems Ltd) to be started in Abu Dhabi under ADSA
Umbrella. - Daily.
Also being designated as Quality Manager for implementing
Quality Procedures and processes necessary for the ISO 9001
Certification being an ISO 9001 certified Company. - Check for
applications once in 15 days.
Evaluation of Individual line's Performance whom ADSA
represents as Agents in Abu Dhabi mainly being Exel Global
Logistics being the biggest Logistics Company Worldwide.- Daily.
Earlier employed with Johnson and Johnson Medical India a
multinational Company with their Diabetes Meter and Strip
divison called LifeScan and then with their Suture, Artficial
Implants, Heart Stents divison namely Eticon, Depuy and Cordis
where the Job profile was very much detailed as listed below.
Overall responsibility of Accounts Payable (Material &
General) for all manufacturing locations (Aurangabad Suture
Plant, Andheri Hospital Division Plant, Deonar& Dharavi Catgut
Plant) of Johnson and Johnson Medical India. Three Way match AP
process for All other Imported Franchises of JJMI (Codman,
Gyneacare, LifeScan, Endo, Depuy, Cordis, Ethicon, Endo).
Development of MIS Reports & Control Systems for providing
regular updates, information and feedback to the Operations &
Accounting Manager and Vice President JJMI Finance.
Inventory Management for Ethicon Endo Surgery (Surgery
Products), Depuy Orthopedics (Replacement Body Parts) and
LifeScan Inc. (Blood Glucose monitoring systems) having an
annual net turnover of 800 Million in Total.
Responsible for Manufacturing Accounting for Johnson & Johnson
Hospital Division, with complete analysis of Variances and COGS.
Responsible for Product costing and Inventory accounting of all
the above Franchises, having not less than appx 3500 Sku??s in
total.
Overall responsible for Fixed Assets of Depuy Orthopedics
especially Instruments Purchased, which sometimes form part of
Inventory or Implants depending upon subsequent utilization.
Responsible for getting the accounts audited through statutory
auditors from Price Waterhouse Coopers for LifeScan Inc., Ethicon Endo Surgery
and Depuy Orthopedics (a separate legal entity
within J&J).
Solely responsible for all set ups and formalities for LifeScan
merger with JJMI as one of its Franchise, right from process to
Documentation, to setting up system codes, account combinations
and balances upload in IBM's Business Planning and Control
Systems (BPCS), accounting package used by J&J then.
Nominated as a super User for the Accounting Software JD
Edwards (JDE) and responsible for data conversions and upload
from old system BPCS to JDE. Assigned task for training and
developing the End users for effective utilization of the new
system. Also actively involved in Master set-ups for Accounts
Payable, Product Costing and Inventory Management Modules.
Setting up of full proof procedure for Inventory reconciliation
and at the same time avoiding Zero Cost transactions. Also set
up a full proof procedure to accomplish the Lengthy Inventory
accounting three Way match process reducing Lead-time by 3/4th.
Setting up a process for outsourcing of AP (Accounts Payable)
module to M/s Delloite Consultancies Singapore, having their
Asia Pacific Operations in Hyderabad India for all 4 suture-
manufacturing locations plus Inventory accounting of all other
PFG (Purchased Finished Goods) Franchises.
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Job Requirements
1.Concept of Six Sigma - how people power and process power can transform the
way we work...
2. Green, Belt and Black Belt projects in the filed of Process Excellence with
ultimate goal being Cost cutting / saving or Increased Revenue resulting into
Maximisation of Profits. ERP Training basically Implementation is a must be it JD
Edwards or SAP or AS400.
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Uppers
Decision Making Authority.
Diversification of work from Service Industry to Trading to Manufacturing.
Autority for a Finance Man / Woman to barge or have controlls on all other
departments. eg Finance can interfere in Sales, Marketing and Ops dept functions
but they cannot interfere in Finance Work.
Can work in any department if you can maintain process financials of those
department.
Helps make your presence felt as Finance approvals are very much required in any
activity pertaining to any department since final outcome is paying or receiving
Funds for any services.
Best Quote, A FINANCE PERSON CAN GO TO MARKET, AND SELL A PRODUCT WITHOUT ANY
TRAINING. BUT A NON FINANCE PERSON CANNOT PASS A SINGLE BOOK ENTRY WITHOUT
TRAINING. THIS MAKES FINANCE VERY IMPORTANT AND UNIQUE.
Major decisions are solely based on Financial evaluations.
Analytical job, which needs you to utilize brains to maximum capacity and doing
something different every time, unlike process jobs which needs just duplicating,
e.g. Eating French Fries at Mc Donalds or Chicken at KFC.
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Downers
Performance cannot be quantified because of its intangible
nature.
Backlog of work. For a salesman sold his product and he is
off to bed, but for FINANCE its a neverending activity.
Have to constantly upgrade with financial policies and
procedures which change with every change in Govt of a country.
Acccuracy very important. No space for minor inaccuracies.
In today's world, computer knowledge is a must for finance which
is not that very important for other professions.
Some companies' approach is that it's sales that help generate money for the
company and finance is a leach which just takes salaries and does not bring in
any revenue.
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Lifestyle
For attaining this position one has to be hoghly experienced or Highly
qualifies. What i eman is a Proffesional degree in Finance and Accounting is a
must. Normally such proffesional degrees do not come on platter.
Like said earlier our performance is intangible making it impossible to be
quantified and hence there comes in concept of Accuracy and backlog of work. So
in this line. Coming to Office time would be fixed in Morning, but then going
back on time in Evening is like a Blue moon day.
Sinance people are considered to be intellectuals hence intellectuals cannot
afford to be in Casuals as far as Dress code is concerned. Formals with ties is a
must unless various companies who implement a unform dress for all that includes
senior management levels too.
People who like to wander around the world cannot do much with this department,
unless your job demands you to do which may be due to diversified offices and
diversified business. With internet coming in Majortiy international business are
done online and the type of work does not allow much business travel. Again like
said earlier that depends on the nature of Business. For my personal experiences,
unless you have an Annual meeting or some importants deals needs to addressed to
somewhere abroad Finance personnel does not have much travel on their agenda.
For finance personnels evening starts after 3 hours of your duty ending timings,
this hampers our social life to some extent. as it is now a days its a trend that
if you leave office early, you are useless and not commited. If you leave office
on time, than you are not worth and not a big contributor to companies progress,
but if you are sitting late everyday and your Waste baskets are totally chokker
blocked with waste papers, you tend to create a better impression among your
colleauges and in the society This is anew concept which distinguishes between
HARD working and HARDLY Working.
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Compensation
Depends upon which country you are based and its money strength
and Tax structure. Not putting exact values, inhand figure
(after deducting Taxes and otehr local deductions) would be
something wherein 25 to 30% of this inhand figure goes into
savings and balance for day to day necessities and entertainment.
One main reason for above is Finance salary is fixed and does
not vary unlike sales and marketing whose salaray is based on
commisions and their performance in majority of the industries.
Whatever the total figure comes to, more stress should be given
on the higher basic salary figure since its basic salary which
is used for computing Gratuity, Leave benefits and end of
service retirements. At least thats what applicable in major
part of the world.
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Advice to Jobseekers
There can be no substitution for FInance. All new comers should
get themselves acquainted with Computers. Not operating Computer
but maily some ERP package knowledge (Masters and
Implementations) and Expert knowledge in operating Microsoft
Excel. (hope Bill Gates sees this and gives me some commision
for marketing :-)). No ERP packages are complete as far as
Analytical skills are concerned. Hence its Microsoft Excel which
will come to the rescue once you know how to work on the data
you have incoporated in Excel after downloading from the ERP.
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