NAREN JAIN, Managing Director 

 

RANGE OF EXPERIENCE 

Naren Jain is a Chartered Accountant, Certified VIM consultant from OpenText and SAP FICO Consultant with 15+ years of work experience. 

He has exposure to SAP versions 4.0B, 6.0 Enterprise and S/4HANA. He has operational experience in Finance and Controlling including General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting, Cost Center Accounting, and Profit Center Accounting, as well as a significant understanding of financial and management accounting processes. 

Naren has worked in manufacturing and industrial products industries as well as in the accounting firms. His domain experience is in the area of Finance and Business Process Analysis mainly for manufacturing industry. He has extensively worked on Asset accounting, Financial accounting, Budgeting and Review of legal compliance. 

 

PROFESSIONAL AND BUSINESS HISTORY 

PwC: September 2010 to till date 

Bharat Petroleum Corporation Limited: Assistant Manager Retail Finance, November 2008 to August 2010 

PROFESSIONAL AND BUSINESS EXPERIENCE 

SAP Implementation Roles 

Oil Exploration Company – SAP Implementation 

Naren worked as FI consultant for data migration project of a US based integrated oil and gas exploration company. The company operates in the oil and gas, petrochemicals, oilfield services, and engineering activities. 

• Specialized Technical assistance to ensure data preparation so that the SAP-driven financial system cutover is complete
• Advised the client on SAP Financials Data manipulation, transformation and consolidation during the preparation of data load files
• Assisted the client in finalization of an approach to ensure completeness and accuracy of the legacy upload

 

Global Private Equity Fund – SAP Implementation 

Worked as a FICO consultant in a global private equity fund. The company is headquartered in New York and has offices in the major financial capitals of the world. The company implemented ECC 6.0. Naren was involved as a Functional Consultant for the developments and migration of the data from the legacy system. 

• Designed customized solution for revenue recognition of sale of assets under management
• Implemented Functional Area for Cost of Sales Accounting
• Functional inputs for development of adobe form for upload of vendor master data
• Designed various MIS reports in SAP for management reporting purpose.
• Conversion and uploading of historical quarterly summary data as well as cutover transactional data
• Finalized an approach for reconciling the data upload with the Legacy Balances to ensure accuracy and completeness of migration from old system to new system
• Design and implementation of SAP Business Planning and Consolidation (EPM 10.1)
• Unit and Integration testing for developments and creation of training aids
• Design and implementation of SAP Project System
• Design and implementation of Vendor Invoice Management from Opentext
• Upgrade and Migration of Opentext Archive Server and Vendor Invoice Management
• Sustainment and optimization of existing SAP processes

 

Financial Accounting Roles 

Oil Marketing Company- Financial Accountant 

Naren worked as an Assistant Manager Retail Finance in a Fortune 500 public sector undertaking in India. The Company is listed on stock exchanges in India and is engaged in oil refining, exploration and marketing with a revenue of Rs 126 bn. 

• Worked in a Finance role as a facilitator for effective operation of accounting and financial activities at regional level and provided services to value add in and improve operations of the Retail SBU
• Exposure to SAP ECC 6.0 – FICO Module especially in areas of asset accounting, bank transactions, cost centre accounting, accounts payable
• Monitored Capital work in progress and executed WBS settlement for Assets
• Maintained asset master data
• Facilitated SAP process improvement to meet changing business and statutory requirements
• Provided assistance to locations with regard to SAP FICO module
• Reviewed operations of the Company Owned Outlets (COCO) and developing means to improve the efficiency of the operations
• Analyzed sales from COCO’s and subsequent transfer of sales proceeds to company pool accounts
• Uploaded Bank Statements and monitoring open items in bank accounts
• Audited financial aspects of Company Owned Outlets
• Facilitated Cenvat credit for Service tax paid involving liaising with territories and guiding them through the process

 

Gases Manufacturing Company- Intern 

Naren worked as an intern in a public limited company, a leading manufacturer of industrial and medical gases in India. 

• Finalization of Accounts for a private subsidiary, providing IT enabled services
• Processed monthly depreciation entries, asset accounting, TDS run, cost centre & GL creation in SAP
• Vetted proposals for Revenue and Capital Expenditures
• Created asset master and settlement of the project costs
• Involved in reporting of monthly financials to the Group
• In charge of preparation of accounts for group reporting purpose at monthly interval of a Joint Venture
• Involved in the Annual Planning process for BOC Global Support Services Private Limited

 

Accounting Firm – Trainee 

• Finalization of accounts for corporate and non-corporate clients
• Statutory & Internal auditing
• Prepared cost sheets, budgets, variance analysis report, year-to-year comparative statements, ratio analysis, cash flow forecasts, etc. for managerial support
• Reviewed of legal compliance

EDUCATION AND CERTIFICATIONS 

Qualified Chartered Accountancy from the Institute of Chartered Accountants of India in First attempt with an All India 20th rank in CA Foundations (2004) 

Graduated in Commerce (Hons.) from the St. Xavier’s College, University of Calcutta and passed in First Class in May 2006 

TECHNOLOGY CAPABILITIES 

OpenText : Vendor Invoice Management Version 5.2 ,6 & 7 

SAP FICO : General Ledger, Accounts Payable, Accounts Receivable, Asset Accounting, Cost Center Accounting and Profit Center Accounting 

SAP Version : 6.0 & 4.0B 

FOREIGN LANGUAGE CAPABILITIES 

English: Fluent in reading, speaking and writing 

Hindi: Fluent in reading, speaking and writing 

Bengali: Fluent in speaking 

AWARDS 

Received a Certificate of Merit for securing an all India 20th rank in CA Foundation examinations