Finance Manager & Production Manager | Wizard Fragnances Udyog Pvt. Ltd., Kapilvastu | Nepal
Handled a range of responsibilities, including optimizing supply chain processes, managing finances, and contributing to the planning and execution of various marketing strategies.
Cost Reduction Initiatives
- Recovered ~3 Cr NPR debts from Non-Performing Assets over two years. - roughly equivalent to 14% of annual sales.
- Generated 60 lakhs NPR, monetizing dead stocks by recovering and reselling raw material in inflated market conditions.
- Released ~ 2Cr NPR worth of credit from the market, by shifting from Credit to Cash model, improving the cash flow.
- Achieved ~8% reduction in income tax liability, by re-negotiating raw material mix with the Director of Industry, Nepal.
- Successfully identified a discrepancy in the custom tariff on a raw material and negotiated with customs authorities to reduce the duty from 40% to 10%.
Process Improvement
- Facilitated demand planning, cashflow forecasting and budget allocation by digitizing company’s financial data using ERP framework in Excel.
- Enabled data driven decision making by centralizing and digitizing company processes end to end, using ERP frameworks.
- Reduced annual wastages worth ~ 45 lakhs NPR by undertaking process improvement activities.
- Enabled efficient information flow by standardizing communication channels and processes.
Team Leadership & People Management
- Led the production, finance, and administration departments, supervising 40+ members while driving operational efficiency, cost optimization, and cross-departmental alignment to achieve strategic objectives.
- Directed the Karma system at factory-level, a company-wide initiative designed by the CEO to improve employees’ mental & physical health.
- Steered factory operations through the COVID-19 lockdown-induced challenge, prioritizing team well-being and ensuring continuity through effective support and engagement strategies.
Stakeholder Management
- Established strong relationships with government officials to secure ongoing support for seamless operations.
- Cultivated strategic vendor partnerships to maintain high-quality standards, and secure timely inventory supply.
- Acted as the central liaison for all legal matters, overseeing and managing the company’s legal affairs.
- Coordinated with the entire distribution network on financial matters, overseeing account reconciliations and resolving conflicts.