CMA Abhishek Taigade
Cost Accountant
Thane
Summary
Dynamic and motivated professional committed to contributing to a reputable organization that fosters growth and development. Focused on enhancing professional skills and personal capabilities while driving impactful results. Passionate about leveraging experiences to serve as a catalyst for career advancement and organizational success.
Overview
5
5
years of professional experience
4
4
Certifications
3
3
Languages
Work History
Manager
Godrej & Boyce Manufacturing Co. Ltd.
11.2023 - Current
- MIS & Accounting:
- 1. Preparing monthly Profitability statement LOB wise and to track the variations against Plan.
- 2. Working Capital, Fixed Assets and CAPEX valuation and Variance analysis for the same.
- 3. Presentation for management for monthly profitability and NR ratio analysis.
- 4. Analyze revenue and expenditure trends and recommend budget levels, expenditure control.
- 5. Working capital calculations and estimates.
- 6. Preparing the monthly profitability estimates.
- Financial Reporting:
- 1. Assist in short-range and long-range planning exercises.
- 2. Interact with internal and external auditors in completing audits.
- 3. To perform ledger and trial balance scrutiny, coordinate, and prepare a rolling forecast.
- 4. Ensure internal control on Financial Reporting (ICFOR) requirements.
- 5. To conduct competition benchmarking techniques to study the competitors' financials.
- Division - Godrej Appliances
- Collaborated with the management team to develop strategic plans for business growth and improvement.
Cost Trainee
Godrej Security Solutions
06.2022 - 11.2023
- Inventory Analysis:
- Monthly preparations of Inventory working for the stakeholders review regarding the various categories of stock (eg) FG/RM/WIP/Obsolete/Devalued stocks.
- IND AS 2 Inventory valuation on monthly basis for the category inventory & plotting trend for the devalued stock.
- Ageing Analysis of stocks at various warehouses for stakeholders in monthly PMO meetings.
- Passing monthly inventory related JV’s in the system.
- LOB wise inventory bifurcation for MIS.
- Costing:
- Achieved cost reduction by implementing efficient procurement strategies and negotiating with suppliers.
- Reviewed financial statements regularly, identifying discrepancies or trends that could impact company profitability.
- Conducted thorough market research to inform strategic purchasing decisions and minimize overall expenses.
- Preparing Product/unit cost sheets for cost analysis and improvise (reduce) the product cost, along with the design team.
- Providing interdivisional BOM and cost sheets and the MAUC rates of the product.
- Estimation working on the Material Cost and the direct Expenses at the start of month for the estimated provisional P&L, LOB wise.
- Tax Audit (3CD)
- Preparing Working of yearly TAX audit (3CD) requirements and reviewing the stock quantities.
- Cost Audit
- Handling the yearly cost audit and preparing the Annexure’s of the Cost Audit.
- Business Analysis
- Deriving Variable Contribution for of individual LOB based on the Sales, BOM cost, And Direct expenses to overview the performance of individual LOB Month on Month.
- Improved cost tracking systems by automating data collection, analysis, and reporting processes.
- Collaborated with cross-functional teams to identify and address areas of potential cost savings.
Cost Trainee
Joshi Apte & Associates – Cost Accountants
05.2021 - 06.2022
- Cost Audit:
- Cost Audit of the Companies from various sectors such as Pharmaceutical, Chemical, Organic and Construction. Companies namely Merck (Pharma Company), P&G Health (Pharma company), Indoco Remedies (Pharma Company), Biostadt India Limited (Chemical and Organic Company) are some of the companies for which Cost Audit has been done.
- Preparation and Analysis of the Sales, quantitative, Raw Material workings of the companies, product wise and performing Expense allocation cost center wise.
- Preparation of Cost Sheets product wise and Studying the Performance of each Product for the company.
- Filling of CRA 2 and CRA 4 forms of the clients as per the requirement of Companies Act, 2013.
- Creation and Filing of XBRL with the MCA.
- Preparation of Variance Report.
- Compilation of the Cost Audit Report and the Arm’s Length Certificates.
- Stock Audit of various FMCG companies.
Education
M.Com -
Sydenham College of Commerce & Economics
Mumbai, India01.2023
B.Com -
Sydenham College of Commerce & Economics
Mumbai, India01.2021
XII -
St. Xavier’s JR. College
01.2018
X -
Vasant Vihar High School
Thane01.2016
Skills
- Expertise in Microsoft Office
- Excel proficiency
- Proficient in MS Word
- Power BI
- Power Query
Certification
CMA (Final) – Group 4, Institute of Cost Accountants of India
Core Strengths
- Analytical and problem solving skills.
- Admirable Inter-personal skills.
- Perseverance and team player.
- Complete and sincere dedication towards responsibilities entrusted.
Personal Particulars
- Date of Birth: 05th August 2000
- Address: 804, Neopolis building near Bhoomi acres, behind Hiranandani estate, off GB road, Waghbil, Thane (w), pin: 400615.
Enjoy playing football, watch F1
Possess a strong passion for both team sports and individual endurance challenges. My interests blend the athletic enjoyment of playing football, the high-speed thrill of watching Formula 1 racing, and the rigorous discipline required to train for and complete a marathon.
Timeline
CMA (Final) – Group 4, Institute of Cost Accountants of India
06-2024
Manager
Godrej & Boyce Manufacturing Co. Ltd.
11.2023 - Current
Cost Trainee
Godrej Security Solutions
06.2022 - 11.2023
CMA (Final) – Group 3, Institute of Cost Accountants of India
06-2022
Cost Trainee
Joshi Apte & Associates – Cost Accountants
05.2021 - 06.2022
CMA (Inter-Both Groups), Institute of Cost Accountants of India - First attempt
12-2020
CMA (Foundation), Institute of Cost Accountants of India - First attempt
06-2019
M.Com -
Sydenham College of Commerce & Economics
B.Com -
Sydenham College of Commerce & Economics
XII -
St. Xavier’s JR. College
X -
Vasant Vihar High School