SAP
Abhay Kulkarni
Finance, Cost And Management Accountant
Pune
Summary
M. Com and CMA having 21+ years of experience across Lighting, Packaging, Automobile, Pharmaceutical Industry & FMCG Industry in all aspects of business finance (including Budgeting & Forecasting, MIS, Costing, ERP Implementation, Internal Procedures, Financial analysis, SOPs etc.
Overview
23
23
years of professional experience
11
11
years of post-secondary education
2
2
Certifications
3
3
Languages
Work History
Finance and Business Analyst
DSPL Group of Companies
Pune and Mumbai
10.2019 - Current
- Analyzed key aspects of business to evaluate factors driving results and summarized into presentations.
- Surveyed clients to ascertain requirements and expectations for product.
- Conducted interviews with key business users to collect information on business processes and user requirements.
- Performed competitor bench-marking analysis to identify manufacturing savings opportunities and potential product enhancements.
- Identified process inefficiencies through gap analysis and outlined sensible solutions.
- Improved business direction by prioritizing customers and implementing changes based on collected feedback.
- Drafted reports on company financial metrics to assess successes and account for deficiencies.
- Led cross-functional teams to analyze and understand enterprise-wide operational impacts and opportunities of technology changes.
- Supported leadership team with reporting, analysis and business presentations to inform divisional strategies.
- Applied honed problem-solving skills to analyze and resolve issues impacting business operations and goal achievement.
- Interacted with internal customers to understand business needs and translate into requirements and project scope.
Finance Manager (Designated Partner)
Madhuram Beverages & Foods LLP
Navi Mumbai
05.2014 - 09.2019
- Developed and implemented performance improvement strategies and plans to promote continuous improvement.
- Actively listened to customers, handled concerns quickly and escalated major issues to supervisor.
- Worked within applicable standards, policies and regulatory guidelines to promote safe working environment.
- Created plans and communicated deadlines to complete projects on time.
- Created spreadsheets using Microsoft Excel for daily, weekly and monthly reporting.
- Used Microsoft Word and other software tools to create documents and other communications.
- Proved successful working within tight deadlines and fast-paced atmosphere.
- Establishes productive, professional relationships with our assigned partner accounts
- Managing GSTR-1 monthly return and validate input before approving and uploading the same in GST Portal.
- Managing GSTR -3B to make payment to Govt. on every month. Validations of sales data and Purchases data.
- Managing GSTR -9 Managing GSTR -9 and get audited by an external auditor for compliance GSTR – 9 C.
Sr. Manager Accounts & Finance
Astellas Pharmaceutical India Pvt. Ltd.
Mumbai
08.2013 - 06.2014
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Resolved conflicts and negotiated mutually beneficial agreements between parties.
- Worked within applicable standards, policies and regulatory guidelines to promote safe working environment.
- Exceeded goals through effective task prioritization and great work ethic.
- Carried out day-to-day duties accurately and efficiently.
- Participated in continuous improvement by generating suggestions, engaging in problem-solving activities to support teamwork.
- Collaborated with team members to achieve target results.
- Received and processed stock into inventory management system.
- Managing the Finance, Accounting, Finalization of Accounts and Tax Compliance of the company, its associate and Group Companies
- Ensuring compliances for all Direct and Indirect Taxes, Duties, etc. and preparing and filing Tax Returns
- Statutory Tax Audits and Internal Tax Audits. Liaising with Internal and Statutory Auditors
- Management Auditors, preparing and submitting Financial, Tax and Inventory Data, maintaining Fixed Asset Registers, Depreciation Tables etc.
- Monthly, Quarterly closing of Books- AP & AR analysis- Variance analysis
- Responsible for entire Finance function including Accounts Payable, Compliance and Governance through Standard Operating Procedures.
- Manage all sides of accounting operations, including payables, receivables, payroll, and tax preparation.
Manager Commercial
Suzlon Energy Limited
Pune
10.2011 - 07.2013
- Used key metrics and prepared reports for senior management to monitor performance of commercial activities.
- Conducted market research and analysis to create detailed business plans on commercial opportunities, business development and expansion.
- Built relationships with clients to establish new contracts.
- Managed and analyzed budgets, P&L, balance sheets and sales reports.
- Negotiated contracts and product prices by collaborating with vendors and developers.
- Devised pricing methodologies and industry strategies through economic and business analysis.
- Aligned company goals with customer outcomes and increased satisfaction by automating contact management systems.
- Reduced costs through client and distributor price negotiations.
- Liaised with purchase, logistics, and management teams to develop solutions and accomplish shared objectives.
Manager Finance
Stokvis Prostick Tapes Pvt. Ltd. (ITW Group)
Pune
10.2009 - 08.2011
- Supported operations management, sales and marketing efforts to increase revenue and overall financial health.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Created documents to display financial reports and data using [Software].
- Prepared and managed large capital expenditure budgets to effectively handle infrastructure investment and long-term operations.
- Researched and facilitated software integration to streamline accounting and financial processes.
- Maintained responsive organization with sustained revenue growth through industry forecast monitoring and deliberate financial planning.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Managed investments to diversify financial portfolios and grow revenue.
- Audited and reconciled payroll and distributions for personnel.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Created organizational structures to improve accounting and finance functions.
- Drove profit increases through market research and strategic asset management to meet dynamic industry conditions.
- Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks.
- Forecasted trends and recommended improvements based on financial risk analyses.
- Reviewed documentation and identified financial discrepancies where applicable.
- Spearheaded expansion strategies to increase business market share.
- Managed regular finance tracking for numerous branch offices and headquarters expenses.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
Dy. Manager Global Costing Cell
Suzlon Energy Limited
Pune
03.2006 - 10.2009
- Carried out day-to-day duties accurately and efficiently.
- Collect Cost information and maintain an expenses database
- Determine fixed costs (e.g. Salaries, Rent and Insurance)
- Plan and record variable costs (e.g. purchases of raw material and operations costs)
- Review standard and actual costs for inaccuracies
- Prepare budgeting (monthly, quarterly and annual) reports (for the company and for each department)
- Analyse and report profit margins
- Assisting in month-end and year-end closing
- Identify and recommend cost-effective solutions
- Define and implement best process/structure for calculating product costing
- Develop and implement pricing strategies based on economic and competitive dynamics.
- Ensure pricing models and strategies support revenue, margin and growth objectives.
- Engage with senior leadership to identify key pricing issues for review
- Work across cross-functional teams in structuring and executing analyses required to develop pricing recommendations.
- Defining and implementing process for inventory valuation and closing
- ABC analysis for inventory
- Process designing for physical stock verification and related reports
- Analyze monitoring inventory control implementing policies.
- Budgeting monthly basis bifurcation of Fixed Costs. Costing of new & old products. Cost audit compliance.
- Assist in Purchase, Procurement, Costing, Forecast Price and demand.
- Customer wise & Product group wise Actual Profitability.
- Production and Capacity Utilization.
- Monthly Standard Cost update: Run Standard Cost for all plant.
- Assist Director and marketing head to finalize the product cost and market selling prices.
Accounts Executive
Amcor PET Packaging Asia Pvt. Ltd.
Pune
12.1999 - 03.2006
- Gathered information from clients to secure accounts, verify payment and identify special requirements.
- Responsible for Product Costing, Product wise contribution analysis, Product Mix analysis, Fixed – Variable overheads analysis along with qualitative suggestions to increase overall margins.
- Responsible for preparation review, presentation of Monthly reporting package, including BS, P&L, Debtors & Creditors Ageing, Cost Centre wise analysis, Segment Analysis, Margin Analysis, and other reports
- Responsible for preparation of Budget and Forecast package, methodology for preparing Budget discussion with Business Teams, Finalization and consolidation of budget till EBIT level and uploading in to Hyperion Financial Management tool.
- Assisting annual Statutory Audits, Internal Audits including preparation of Financial Statements.
- Assisting in timely closing with accurate reporting for the business including all monthly provisions to ensure accuracy of accounting for the divisions
Education
CMA - Cost And Management Accounting
The Institute of Cost Accountants of India
Pune 05.2010 - 05.2016
Master of Commerce - Financial And Advanced Accounting
Dr. B.A. Marathwada University
Aurangabad 04.1995 - 10.1997
Bachelor of Commerce -
Dr. B.A. Marathwada University
Aurangabad 04.1992 - 03.1995
Skills
Budgeting and finance
undefinedSoftware
ERP
MS Office
Certification
SIX SIGMA
Timeline
KAIZEN
11-2022
Finance and Business Analyst
DSPL Group of Companies
10.2019 - Current
Finance Manager (Designated Partner)
Madhuram Beverages & Foods LLP
05.2014 - 09.2019
Sr. Manager Accounts & Finance
Astellas Pharmaceutical India Pvt. Ltd.
08.2013 - 06.2014
Manager Commercial
Suzlon Energy Limited
10.2011 - 07.2013
CMA - Cost And Management Accounting
The Institute of Cost Accountants of India
05.2010 - 05.2016
Manager Finance
Stokvis Prostick Tapes Pvt. Ltd. (ITW Group)
10.2009 - 08.2011
Dy. Manager Global Costing Cell
Suzlon Energy Limited
03.2006 - 10.2009
Accounts Executive
Amcor PET Packaging Asia Pvt. Ltd.
12.1999 - 03.2006
SIX SIGMA
10-1998
Master of Commerce - Financial And Advanced Accounting
Dr. B.A. Marathwada University
04.1995 - 10.1997
Bachelor of Commerce -
Dr. B.A. Marathwada University
04.1992 - 03.1995
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