Premraj R.

About Premraj R.

I am a finance and accounting professional with experience in Fortune 500 environments…

Experience

1. Financial Accountant

   Caterpillar Inc.

   May 2025 — Present · Peoria, IL, US

   Spearheaded the monthly closing process, coordinating with 13+ internal stakeholders across departments to reconcile invoice data, validate vendor payments, and ensure accuracy in financial statements. • Analyzed over 550 monthly invoices for each vendor from indirect procurement, identifying cost-saving opportunities and reducing vendor dependency by 18% through strategic sourcing evaluations. • Partnered with plant operations and engineering teams to evaluate repairs and maintenance trends postequipment upgrade, identifying root causes and proposing in-house expertise hiring or third-party vendor shifts to reduce costs by 22%. • Conducted capital expenditure analysis for 5+ major projects, forecasting equipment investment needs of over $3M and categorizing spend drivers by safety, quality, capacity, or obsolescence. • Reduced annual maintenance expenses by 15% by auditing FY24 -FY25 repair costs (~$600K), categorizing them by asset type, and proposing cost-control recommendations to department heads. • Led asset capacity and depreciation evaluations for assets, comparing initial capital investment vs. current value and forecasting asset utilization and financial return over the next 5 years. • Supported monthly business reviews by consolidating financial updates, adjusting forecasts, and ensuring all capital project tracking aligned with budget limits (~$100M/year). • Advised on tooling and equipment lifecycles by reviewing historical CAPEX and OPEX data, enabling smarter purchasing decisions aligned with factory expansion needs. • Enhanced reporting accuracy by 30% by standardizing cost categorization and partnering with department leads to revalidating indirect expense classification.