Dhaval Kadakia
Pune
Summary
Seasoned Area Finance Controller with a proven track record at Maersk Global Service, adept in ERP (SAP) and demonstrating exceptional leadership in financial strategy and audit coordination. Excelled in transforming financial processes through automation, significantly enhancing efficiency. Renowned for analytical prowess and driving substantial process improvements.
Overview
18
18
years of professional experience
Work History
Area Finance Controller
Maersk Global Service
Pune
10.2017 - Current
- Manage the month-end and year-end close process for fifteen entities of Maersk.
- Ensure all accruals and prepayments are accounted for accurately.
- Prepare and publish timely monthly financial statements and MIS.
- Coordinate the preparation of financial statements in accordance with IFRS.
- Ensure timely payments to vendors, including the accounting of travel and employee-related expenses.
- Coordinate with the intercompany team to ensure there are no intercompany plugs at the month-end.
- Research technical accounting issues while implementing new accounting standards.
- Manage and comply with local, state, and federal government reporting requirements, and tax filings (WHT, VAT, advance taxes, CIT).
- Analysis of SG&A and ad hoc reporting, as required.
- Review and approve the controls as per the control cycle in the Archer System.
- Reviewing the balance sheet reconciliations in the BlackLine system.
- Ensure the completion of statutory audits for more than eleven entities within the stipulated timelines.
- Preparing the board pack and presenting the financials to the directors and CFO.
- Actively worked with the IT team for the implementation of SAP S/4 HANA.
- Part of the Finance transformation team, leading various automation and manual effort reduction projects.
- Nominated as a resident Agile coach.
- Review account reconciliations for accuracy and completeness on a regular basis.
- Identified opportunities for process improvement through automation or streamlining.
- Prepared and presented operational reports to senior management and executive teams.
- Coordinated audit activities with external auditors to ensure compliance with regulatory requirements.
- Developed and maintained effective internal control systems to ensure accuracy of financial reporting.
- Collaborated with other departments to improve processes related to financial data collection and analysis.
- Negotiated contracts with vendors while ensuring favorable terms are obtained.
- Oversaw month-end closing process, prepared financial statements and managed advanced reconciliations.
- Led annual financial audit and preparation of support for audited financial statements.
- Demonstrated strong problem-solving skills, resolving issues efficiently and effectively.
SENIOR MANAGER (Finance – Controlling FP&A)
Volkswagen India Pvt. Ltd.
Pune
01.2008 - 10.2017
- Prepared a five-year rolling plan for the plant.
- Prepared annual budgets and monthly forecasts.
- Prepared MIS reports for the directors and CFO, and presented the KPIs.
- Ensured that all departments were operating within budgets, and approved purchase requisitions in accordance with the budget and business requirements.
- Evaluated various projects and prepared a business case, assisted in make-or-buy decisions, supported project evaluations, conducted cost-benefit analysis, cost-volume-profit analysis, and ad hoc reporting.
- Executed month-end processes and procedures, including journals, data analysis, integrity checks, and financial summaries, in accordance with IFRS.
- Complied with and independently managed internal and statutory audits.
- Worked on continuous improvements in reporting and projects supported.
- Drove process improvements through automation, standardization, and followed best practices.
- I had successfully customized the product costing and invoicing systems from Germany to suit the local accounting and tax requirements.
- Worked on the implementation of SAP ERP and was a Super User in SAP.
- Facilitated team meetings and workshops to align on goals and strategies.
- Oversaw talent acquisition, training, and development programs to build high-performing teams.
- Reviewed employee performance and provided ongoing feedback and coaching to drive performance improvement.
- Produced thorough, accurate and timely reports of project activities.
- Leadership role in planning annual budgets for each department based on forecasted sales volumes.
- Managed annual budgeting process, including forecasting and financial analysis to optimize resources.
- Implemented process improvements to increase operational efficiency and reduce costs.
- Coordinated with IT department to implement new technologies and systems enhancements.
- Implemented new technologies such as ERP systems or CRM tools to streamline business processes.
- Worked effectively in team environments to make the workplace more productive.
- Demonstrated strong problem-solving skills, resolving issues efficiently and effectively.
- Conducted regular performance appraisals for direct reports to provide feedback on their work performance.
- Directed cross-functional teams in developing innovative solutions to complex problems.
FINANCIAL ANALYST (FP&A)
ELECTRONIC DATA SYSTEMS
Pune
01.2007 - 01.2008
- Had successfully transitioned the role from Australia.
- Prepared Annual Budget, Quarterly Forecasts.
- Prepared monthly, quarterly, and annual variance explanations.
- I explained the variances to the business leaders and attended corporate close meetings every month with the cost center managers and consolidators.
- Processed monthly close journal entries in SAP.
- Prepared balance sheet reconciliations.
- Analyzed trends in financial performance to identify areas for improvement.
- Assisted in the budgeting process by providing detailed expense forecasts.
- Drafted presentations summarizing key findings from financial analyses.
- Implemented cost-saving measures by analyzing expense reports and identifying inefficiencies.
- Managed time effectively to ensure tasks were completed on schedule and deadlines were met.
Education
CMA -
Institute of Management Accountants (IMA)
U.S.A01.2015
Master of commerce (M.Com) - Cost and Works Accounting
University of Pune
01.2003
Bachelor of commerce (B.Com) - Cost and Works Accounting
University of Pune
01.2001
Skills
- ERP (SAP)
- Intercompany transactions
- Variance analysis
- Audit coordination
- Think-cell
- MS Excel
- MS PowerPoint
- Accounts reconciliation
- Archer
- Blackline
- IFRS
- Budgetary planning
- Stakeholder communication
- Financial management
Languages
English
First Language
Hindi
Upper Intermediate (B2)
B2
Gujarati
Elementary (A2)
A2
Marathi
Beginner (A1)
A1
References
References available upon request.
Timeline
Area Finance Controller
Maersk Global Service
10.2017 - Current
SENIOR MANAGER (Finance – Controlling FP&A)
Volkswagen India Pvt. Ltd.
01.2008 - 10.2017
FINANCIAL ANALYST (FP&A)
ELECTRONIC DATA SYSTEMS
01.2007 - 01.2008
CMA -
Institute of Management Accountants (IMA)
Master of commerce (M.Com) - Cost and Works Accounting
University of Pune
Bachelor of commerce (B.Com) - Cost and Works Accounting
University of Pune
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