SANDHYA JOSHI

• Optimized budget allocation by conducting regular variance analyses between actual spending vs budgeted amounts, identifying areas for improvement or reallocation of resources.
• Collaborated with cross-functional teams for demand planning, ensuring accurate sales forecasts.
• Enhanced financial reporting accuracy by streamlining data collection processes and implementing automated systems.
• Provide business finance operation support to the divisions and provide subject matter expert advice
• Improved cash flow management by monitoring accounts receivable and payable, ensuring timely payments from clients and vendors.
• Evaluating ledger postings, expense variance analysis and financial statements per IFRS accounting standards before month closure and advising if any corrections required
• Supported executive decision-making with accurate financial analysis and strategic recommendations based on company goals.
• Led a team of finance professionals to achieve annual budget targets, fostering a collaborative work environment.
• Collaborated with cross-functional teams to develop and implement process improvements that increased efficiency across departments.
• Reduced operating costs for the finance department by identifying inefficiencies and implementing cost-saving measures.

Achievements:

• Awarded in Q3-2023 in saving CAD $862K per annum towards interest charges by closing open bank guarantees over 5 years old where contract obligations were fulfilled
• Recognized by the financial controller in effectively reducing the aged AR
• Analyzed business processes to identify cost savings and operational efficiencies.

• Enhanced team productivity by streamlining workflow processes and implementing time-saving strategies.
• Delivered accurate financial forecasts by conducting thorough data analysis and research on market trends.
• Provide subject expert knowledge in creating and updating standard operating procedures within each functional unit
• Collaborated with cross-functional teams to identify areas of improvement, leading to increased operational effectiveness.
• Spearheaded process improvement initiatives, resulting in streamlined operations and enhanced organizational capabilities.
• Identified and resolved problems through root cause analysis and research.
• Implemented cost reduction initiatives, achieving significant savings without compromising quality or service delivery.
• Performed system analysis, documentation, testing, implementation, and user support for platform transitions.
• Acted as a key member of the project and provided subject matter expert on transformation and transition projects
• Monitored compliance and filing requirements in conjunction with staff and management.

Achievement:

Awarded in 2020 in collaborating and successfully implementing IS Auto system projects in SAP

• Led finance operation activities for “Lexus” B2B division
• Invoicing Corporate deals and supervising the team until unit delivery to customer
• Improved cash flow management with timely accounts receivable collections and accounts payable monitoring.
• Tracked funds, prepared deposits and reconciled accounts.
• Reduced month-end closing time by implementing efficient reconciliation and journal entry procedures.
• Collected and reported monthly expense variances and explanations.
• Strengthened internal controls, reducing the risk of errors and fraud in financial transactions and ensuring record keeping as per SOX standards.
• Conducted thorough variance analyses to identify cost-saving opportunities and improve budgeting accuracy.

Achievements:

• Streamlined Vendor payment process to avoid delays and escalations
• Nominated by the business to drive business process in SAP IS Auto.

• Managed accuracy and timely processing of sales invoices and payment follow up on credit invoices
• Aided Payroll team in payroll processing for over 200 employees
• Facilitated employee enquiries related to their incentive and pay slips

Achievement:

• Conceptualized and spearheaded business team members in establishing Standard Workflow for credit assessments and approvals. As an outcome bad debts were reduced to 100 K from 250 K.

• Enhanced cash flow by efficiently managing accounts receivable and ensuring prompt payment from customers.
• Streamlined invoice processing for timely payments, reducing the overall outstanding balance of accounts payable.
• Improved financial accuracy by thoroughly reconciling accounts and identifying discrepancies on a monthly basis.
• Performing Bank reconciliations, investigating on open credits and debits, sending SWIFT messages to the banks, and allocating the credits to the respective entity GL's
• Preparation of monthly report on KPI performance.
• Reduced late payments by maintaining strong relationships with clients and implementing effective follow-up procedures.

• Managed high-volume data processing tasks, ensuring timely completion of projects without compromising on quality.
• Reduced errors in data entry by conducting thorough quality checks and implementing robust validation processes.
• Improved overall data accuracy with meticulous attention to detail and adherence to standardized procedures.
• Dealing with the End Customer's Queries on automotive parts and Service Contracts purchased with the vehicles.
• Developed comprehensive training materials, successfully onboarding new team members to the data processing department.
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