Judge: Naren Jain — PwC - Managing Director

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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