Shambhu Kant Pankaj
Chartered Accountant, Finance Director, International Exposure (Europe, South East Asia, South America)
Banglamung, Chonburi
Summary
Highly collaborative Finance Professional with strong skills in statistical analysis and performance poised to take up leadership role.
Objective leader with demonstrated success leading financial systems and programs in International Industrial Unit and achieved results for the shareholder beyond expectations.
Strong Interpersonal Skill, Well-organized, Proactive and Adaptable to changing markets.
Overview
22
22
years of professional experience
Work History
Finance Director
Techno-Metal (Thailand) Co. Ltd. (Amtek Group)
Laem Chabang Industrial Estate, Chonburi
06.2020 - Current
- Successfully managed Thailand Unit during the Covid-19 pandamic and achieved positive EBIDTA and Cashflow for the group.
- Implemented systematic change at the facility to meet the Global Reporting requirement by thorough study of the existing reporting system, evaluating and suggesting methods to improvement, etc.
- Reviewed and improved Annual Budget and Qtryl. forecasting process.
- Reviewed Monthly Financials, Cashflow, MIS, other KPIs forming port of the group's global standard / practices.
- Co-ordinated with Central Finance Team for timely submission of reviewed / audited financial within the expected timelines by closely working / co-ordinating with Local as well as group auditors.
- Achieved Trade Working Capital improvement by monitoring and forcing strict adherence to standard DSO,DPO and DIO.
- Arranged Working Capital Finance from Banks/Financial Institution at lowest cost.
- Developed process to manage fund with minor control like daily cash and major controls like Weekly Cash Forecast and closely analyze the variances.
- Worked with Operations to develop tools to manage and track Cost Saving / Reduction / Improvement initiatives.
- Reviewed the existing Standard Costing System and implement the best practice identified at the group level.
- Worked closely with Sales & Marketing Department and helped them in negotiate prices or other terms of contract.
- Liaisoning with Local Bank to get LGs/BGs Limit to help meet the requirements of Govt. Power Units, Industrial Authority, etc.
- Performance Review of the Finance Team to recognize the performers, promote them and identify training needs for other members and bring them upto speed.
Sr. Finance Controller
Techno-Metal (Thailand) Co. Ltd. (Amtek Group)
Banglamung, Chonburi,
09.2017 - 05.2020
- Prepared, Reviewed and Submitted Monthly Performance Review Report to HO in Japan.
- Reviewed the Annual Budget for Profit & Loss and Capex for the Thailand and Japanese Unit and submit to HO for approval.
- Prepared and submitted Monthly Report in Lender's format on time.
- Timely submission of Daily, Weekly and Fortnightly Report to HO for constant monitoring of the Cash, Sales, Operating Results, etc.
- Co-ordinated with Central Accounts consolidation team for timely submission of financial, getting the same audited within the expected timelines.
- Developed and implemented tools to track actual results of Cost Saving / Reduction / Improvement initiatives.
- Prepared and submitted various Capex Project Approval request to HO for approval.
- Monitoring the day to day accounting activities.
Corporate Finance Controller
Amtek Tekfor GmbH
Frankfurt Am Main
09.2015 - 08.2017
- Successfully established a Business Reporting Practice in terms of Monthly presentation to the Management Highlighting Key areas of business such as Sales, EBIDTA, Cashflow, etc.
- Efficiently developed MS Excel based Finance Model for Inventory Level and analysis of the same with Total Material Cost in P&L, which highlight the areas that can be controlled to reduce the Inventory and Inventory Turns.
- Work with the Local team in preparation of Budget/Forecast, Monthly Financials, MIS, etc. and present the same under desired timeframe,
- Co-ordination with Central Accounts consolidation teams with timely submission of financial, getting the same audited within the expected timelines.
- Aid the local management in Statutory and Internal Audit from shareholder’s perspective.
- Present Key Business Analysis on Sales, EBIDTA, Cash flow and Working Capital.
- Implementation of Trade Working Capital improvement measures by taking into account the specific business circumstance at each location.
- Fund Management of each business location with minor control like daily cash and major controls like Weekly Cash Forecast for 26 Weeks and closely analyze the variances.
- Coordinating with local management in identifying areas for Cost Reduction, conceptualize and implement the same to give benefit on the EBIDTA.
- Select operational aspect of business, collecting and analyzing data, share with the local management and gain their acceptance for improvement.
Sr. Manager - International Business Integration
Tekfor SpA (Italy) and Neumayer Tekfor Automotive Brazil Ltda (Brazil) - (Amtek Group)
Jundiai (Sao Paulo) & Villar Perosa (Torino)
06.2013 - 05.2015
- Spearhead overall International Business Integration function.
- Aid Central Management with key information critical for implementing changes envisaged by new Owner.
- Work with the Local team in preparation of Budget/Forecast, Monthly Financials, MIS, etc. as per the group standard and submit under desired timeframe,
- Co-ordination with Central Accounts consolidation teams with timely preparation and submission of financial to HO, getting the same audited within the expected timelines.
- Aid the local management in Statutory and Internal Audit from shareholder’s perspective.
- Implementation of Global Working Capital improvement exercise at the Local Unit by taking into account the specific business circumstance.
- Implementation of minor control like daily cash and major controls like Weekly Cash Forecast for 26 Weeks and closely analyze the variances.
- Coordinating with local management in identifying areas for Cost Reduction, conceptualize and implement the same to give benefit on the EBIDTA.
- Involved in day-to-day meeting of the Management to get insight into the key operation of the Unit.
- Supported local accounting staff in preparation of monthly reports clear linkage between source information and the Output Report which not only improved the credibility of reporting but also easy preparation and justification of major changes
Sr. Manager - Finance / Plant Controller
Gates India Pvt. Ltd. (100% Subs. of Gates Corporation US)
Faridabad
11.2010 - 05.2013
- Successfully completed three cycles of Annual Budget exercise, which was much-improved version of earlier practices.
- Established MS Excel based Finance Model of Periodic Forecasting, which helped Management in preparing justification for major changes and allowed them with sensitivity analysis of changes in different elements of the Budget data. Prepared Monthly P&L, Standard Cost of Production (COP), Standard Cost of Goods Sold (COGS) and Variance Analysis.
- Significantly reduced the lead time for monthly reporting pack with improved quality of information for review by Management and lot many of those was implemented for rest of the plants in India.
- Carried out Monthly Customer-wise and Product-wise Standard Gross Margin Analysis.
- Implemented Customer-wise & Product wise Profitability reporting practice every month and mapped the same with total Month Profitability due to clear linkage between the Product and Customer
- Involved in Inventory Analysis and reporting of weekly Inventory turn.
- Prepared and Rolled out Total Product Cost (TPC) for existing product after Budget and for new product / order.
- Worked with Operation Team on selection of RM for localization to increase Margin of Product giving lower margin.
- Tested SOX Matrix of other Unit as a Certified SOX Tester.
- Started the practice of Management Presentation each month and successfully carried out for over two years and on the instruction of President of the India Business the same has been implemented on rest of the Business Units in India.
Dy. Manager - Budget & MIS
Indiabulls Power Limited (Thermal Power Generation)
Gurugram
02.2010 - 10.2010
Senior Account Officer
Prize Petroleum Co. Ltd. (Petroleum Upstream Business)
Gurugram
11.2005 - 01.2010
Senior Consultant - Cost Audit and Cost Management
Vijender Sharma & Associates (Cost Accountants) (Major in Telecom and Pharma Co. Cost Audit)
Delhi
06.2002 - 11.2005
Article Trainee (Under CA Curriculum)
Gupta Janardan & Associates, Kanpur and Seth & Co., Delhi
Kanpur (UP) and Delhu
07.1998 - 08.2001
Education
Chartered Accountant - Accounting, Auditing, Taxation, Costing, Fin. Mgmt
Institute of Chartered Accountants of India
Delhi 04.2001 -
CMA - Intermediate Level - Cost Accounting And Auditing, Indirect Taxation
Institute of Cost Accountants of India
Delhi 04.2001 -
Skills
Finance Professional poised to leverage 17 years of rich industrial experience
Over 8 years of international exposure in Europe, Latin America (Brazil) and South East Asia (Japan and Thailand)
Operational Finance and Accounts
Business, Product and Customer Profitability Management and Analysis
Financial Statement Preparation, Analysis and Audit
Budgeting & Forecasting and MIS Reporting
Efficient Working Capital Management
Additional Information
Nationality: Indian
Date of Birth: 1st March 1980
Passport Details : Z3558356 Valid up to 1st June 2026
Marital Status : Married and having two kids
Languages Known: English, Hindi, Thai (Basic)
Timeline
Finance Director
Techno-Metal (Thailand) Co. Ltd. (Amtek Group)
06.2020 - Current
Sr. Finance Controller
Techno-Metal (Thailand) Co. Ltd. (Amtek Group)
09.2017 - 05.2020
Corporate Finance Controller
Amtek Tekfor GmbH
09.2015 - 08.2017
Sr. Manager - International Business Integration
Tekfor SpA (Italy) and Neumayer Tekfor Automotive Brazil Ltda (Brazil) - (Amtek Group)
06.2013 - 05.2015
Sr. Manager - Finance / Plant Controller
Gates India Pvt. Ltd. (100% Subs. of Gates Corporation US)
11.2010 - 05.2013
Dy. Manager - Budget & MIS
Indiabulls Power Limited (Thermal Power Generation)
02.2010 - 10.2010
Senior Account Officer
Prize Petroleum Co. Ltd. (Petroleum Upstream Business)
11.2005 - 01.2010
Senior Consultant - Cost Audit and Cost Management
Vijender Sharma & Associates (Cost Accountants) (Major in Telecom and Pharma Co. Cost Audit)
06.2002 - 11.2005
Chartered Accountant - Accounting, Auditing, Taxation, Costing, Fin. Mgmt
Institute of Chartered Accountants of India
04.2001 -
CMA - Intermediate Level - Cost Accounting And Auditing, Indirect Taxation
Institute of Cost Accountants of India
04.2001 -
Article Trainee (Under CA Curriculum)
Gupta Janardan & Associates, Kanpur and Seth & Co., Delhi
07.1998 - 08.2001