HEMANT KUMAR AGARWALA

Finance professional poised to drive financial strategy and operational efficiency. Known for optimizing financial processes and ensuring compliance with industry regulations. Emphasizes collaborative teamwork and achieving impactful results, leveraging strong analytical and leadership skills.

• Negotiation with banks for interest rate and other charges and monitoring the same with bank statements.
• Handling of Export Financing and Short-term facility with banks (Invoice Mart & M1 exchange).
• Working capital management (Fund based 425 Cr & Non-Fund 1200 Cr).
• System Integration between ERP and other software’s.

• Manufacturing – Steel, PVC Pipes, Tower, Pole, Palm oil, Soya Oil
• Others - Security Agency, Footwear, Real Estate, Gold, Airport

• Plant related responsibilities.
• Acted as a Team Lead, managing a professionals Team in the Accounts and Finance department also shared services team. Fostered a collaborative and high-performance team culture, ensuring effective communication and coordination.
• Prepared comprehensive Management Information System (MIS) reports for key financial metrics. Provided insightful analysis and recommendations to support strategic decision-making.
• Ensured the timely completion of monthly accounts, adhering to reporting deadlines. Implemented efficient closing processes to streamline month-end activities.
• Ensured timely renewal of insurance policies to mitigate risks and protect the organization's assets.
• Conducted regular reviews to optimize coverage and minimize costs.
• Implemented effective inventory management practices to optimize stock levels and reduce carrying costs. Monitored inventory turnover and implemented strategies to improve efficiency.
• Maintained a comprehensive Fixed Assets Register, ensuring accurate recording and tracking of all fixed assets.
• Implemented a robust budget vs. actual control system. Conducted variance analysis to identify areas for improvement and cost-saving opportunities.
• Managed cash flow and fund flow effectively to meet operational needs and strategic initiatives.
• Implemented cash management strategies to optimize liquidity. Oversaw foreign exchange management to mitigate currency risk.
• Preparation of standard operating procedure (SOP) & Preparation of Internal financial control framework.

• Insurance –Reducing the premium cost by RM 500K during the renewal of a plant-level insurance policy through a thorough analysis of fixed asset valuation based on replacement cost is a strategic approach. Here’s how to implement this effectively.
• Fixed asset Register – Writing a comprehensive guide or proposal for the development of an asset tagging system in an organization involves several key components.
• Write Back of Account Payable – We have successfully implemented a process for obtaining Statements of Account (SOA) from our suppliers, which has enabled us to write back RM1.8 million for the company.
• Inventory Management -We are able to introduce the Inventory Holding period, monthly stock count, ABC analysis.