Conversant with Power BI, AI Dashboard, MS Office & Advanced Excel SAP R3, SAP S4 HANA, BIW, ERP and Tally 72 in Manufacturing set up
Hiren Goradia
General Manager - Finance
Kandivali West,MH
Summary
Chartered accountant and MBA in finance with extensive experience in financial management, including FP&A, project management, cost control, and taxation. Proven track record in leading financial accounting activities, implementing internal controls, and automating financial systems. Successfully drove budgeting and forecasting processes, enhancing financial performance and profitability evaluation across divisions. Expertise in financial reporting under IND AS/IFRS and GAAP, ensuring compliance and timely audits with major firms.
Overview
21
21
years of professional experience
3
3
Certificates
4
4
Languages
Work History
General Manager - Finance
Zydus Healthcare Ltd.
Mumbai, Maharashtra
07.2022 - Current
- Ensuring monthly & annual closing are done as per the corporate closing calendar along with generally accepted accounting principles
- Analyzing financial statements, including balance sheets, income statements, and cash flow statements, identifying key financial indicators, trends, and potential risks while providing insights and recommendations to management
- Managing all audits that is statutory, internal, tax and other audit are completed in time along with proper coordination with internal & external stakeholder
- Monthly MIS reports on business operations and effectively analyzing and explaining key movement in divisional and entity P&L.
- Conducting variance analysis between projected & actual figures and took corrective actions to increase profitability of the organization
- Monthly reconciliation between MIS and financial statement i.e. sales and ebitda reconciliation
- Monitoring end-to-end financial management encompassing business planning, budgeting, process improvements, cost optimization, project analysis/accounting, CAPEX evaluation (payback analysis) and P&L forecast, revenue reporting, treasury & investments management, GL scrutiny, accounting & reporting to senior management
- Devising budgets and providing critical financial and operational information to senior management; analyzing financial projections, identifying and evaluating new business ventures and expansion plans
- Formulating 5-year Business plans in coordination with division
and presenting it to CFO and MD - Cost evaluation, make or buy analysis
- Monitoring and interpreting the pricing regulations with the latest pricing guidelines issued by the NPPA/DPCO and ensuring timely implementation and response to notice from NPPA. Ensuring compliance under UCPMP guideline
- Strategizing & implementing SOPs for determining financial objectives; implementing internal control disciplines throughout the organization to maintain integrity & accuracy of financial reports
- Interface with external consultants to establish project tracking mechanisms and ensure accurate monitoring of revenue projects to develop and maintain project schedules, milestones, and deliverables
- Reviewing and evaluating agreements between the company and external stakeholders to ensure compliance with company policies, legal obligations
- Core team member for successful implementation of cost and pricing module in S4 HANA
Deputy General Manager - Finance
Glenmark Lifesciences Ltd.
Mumbai, Maharashtra
12.2014 - 06.2022
- Ensured accurate and timely submission of MIS deck review, budget reviews & presentation, consolidation of MIS statements
- Product costing, monthly cost variance analysis, periodic review meeting with product development team for process change, monitoring yield, usage variance, strategic initiatives for reduction in steam, power and fuel cost, make or buy decision making, capex monitoring for brown field and greenfield project
- Demonstrated proven success in preparing the annual budget and business performance plans, scenario building, key product analysis and consolidation of region wise long-range plan
- Due diligence for demerged vertical, assisting in IPO
management, accounting, finalization, audit, creating and
adherence to SOP post demerger with aim to enable maximizing
the profitability and managing the working capital - Handled Accounting, subsidiary cross charge accounting, transfer
pricing, finalization, audit, notes to accounts finalization with
auditor, assisting in board presentation, earnings call etc. - Ensuring compliance as per transitional shared service
agreement (TSA), accounting for cross charged debit / credit
notes to the group entities. Facilitated transfer price audit for
captive transfers and co-marketing - Showcased track record of managing revenue, expense and
receivable for subsidiary companies Including US subsidiary - Successfully reconciled sales, cash flow and EBITDA while
managing cash flow, inventory management, credit risk
management and receivables management for overseas entities
including USA, LA, UK, & ROW - Recognized for successful laisioning with banks for day-to-day
banking matters and working capital requirement, forex,
hedging, and RBI FEMA compliances - Collaborated with the legal team to evaluate the financials
terms and conditions and provided guidance on contract
provisions - Managed all banking & other financial institutions related
matters included arranging leverages, short term borrowings,
LC, project finance, bank accounts, deposits, and so on - Handled various automation project e.g. Z report automation for
daily sales reporting, award as core team member for GST
implementation and created blue print for BPC automation
Manager – Business Analyst
Petronas Lubricants India Pvt. Ltd.
08.2014 - 11.2014
- Proven track record for successfully projecting 5 Year Business plan & EBITDA analysis while managing credit rating, evaluation and reporting to parent company on various parameters of business
- Recognized for preparing MIS reports, cash management, financial and product presentations along with other finance activities
- Assisted in monitoring the limits of authority along with maintenance of cost records & cost audit
Manager – Business Finance (M2)
Lupin Ltd.
Mumbai, Maharashtra
09.2007 - 07.2014
- Streamlined the monthly MIS reporting system by reducing completion time
- Ensured timely coordination and completion of budget across
multiple divisions - Successfully developed new reports like brand profitability reports which has enabled in improving divisional profitability and also enabled sales & marketing team to control expenses at division level
- Expense monitoring, variance analysis, ensuring compliance
- Brought improvement in the inventory turnover ratio by conducting inventory holding analysis
- Conducted Make or Buy analysis that enabled in shifting products from third party locations to own manufacturing location for e.g., Jammu, where Income tax benefit has enabled in cost savings improving product gross contribution
- Efficaciously carried out expired / near expiry reports that enabled marketing team to take decisions on liquidating nonmoving / slow moving inventories, thus improving working capital position
- Played a pivotal role in carrying out analysis of material purchase price variances on monthly basis that enabled in sourcing for new vendors and cheaper source of materials
- Worked on SAP FICO module for inventory controls, expense analysis, sales reporting, bill booking, debtors ageing analysis etc.
Cost Accountant
PRS Permacel Pvt. Ltd.
01.2005 - 09.2007
- Conducted product & process costing and revised cost sheet as per specifications
- Allocated expenses to different cost centers for arriving at budgeted rate per hour
- Carried out wastage analysis & reporting
- Looked after the bill booking MRN & SRN in ERP and uploading the same to tally
- Prepared GP mix report, material price volume variance report, variance analysis
- Finalized accounts, prepared schedules to balance sheet and profit & loss account; prepared cash flow statement & CMA data
- Maintained excise records RG 23 A, RG 23 C, PLA and accounting for cenvat credit in financials
Education
MBA - Finance
Jamnalal Bajaj Institute of Management Studies
Mumbai06.2014
Chartered Accountant -
Institute of Chartered Accountants of India
Mumbai07.2011
B. Com - Commerce
Narsee Monjee College, Mumbai University
Mumbai06.1996
Cost & Management Accountant - Cost Accountancy
Institute of Cost & Work Accountants of India
Mumbai03.2001
Skills
Financial planning and analysis
Financial statements consolidation and reporting
Working capital management
Strategic financial planning
Profitability analysis
Risk assessment
Treasury management
Internal controls
Cash flow management
Mis reporting
Budgeting and forecasting, cost management
Automation of MIS reports
Growth strategy
Team leadership
Power BI proficiency
Microsoft Office and advanced Excel Data analysis and visualization Spreadsheet management
SAP R3 and BIW ERP implementation Tally software expertise Manufacturing setup
Due diligence
NPPA, DPCO compliance
Legal agreements
Long range plan
Certification
Received a “Momento & Certificate of Appreciation” from previous employer PRS Permacel Pvt. Ltd. for getting insurance claim post the 2005 floods in Mumbai and returning the plant to normalcy
Accomplishments
Received a “Momento & Certificate of Appreciation” from previous employer PRS Permacel Pvt. Ltd. for getting insurance claim post the 2005 floods in Mumbai and returning the plant to normalcy
Felicitated in Glenmark with “Chairman Excellence Award for Best Team Collaboration for GST implementation in 2017"
"Pat on Back reward" from Zydus Healthcare Ltd for ensuring realization benefit through on time price implementation within regulations of NPPA DPCO
Affiliations
Member of Institute of Chartered Accountants of India
Software
Interests
Hobbies: Drawing, painting, swimming, lawn tennis etc
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
Success is not final; failure is not fatal: It is the courage to continue that counts.
Winston S. Churchill
Languages
English
Advanced (C1)
Hindi
Advanced (C1)
Gujarati
Intermediate (B1)
Marathi
Intermediate (B1)
Timeline
General Manager - Finance
Zydus Healthcare Ltd.
07.2022 - Current
Deputy General Manager - Finance
Glenmark Lifesciences Ltd.
12.2014 - 06.2022
Manager – Business Analyst
Petronas Lubricants India Pvt. Ltd.
08.2014 - 11.2014
Manager – Business Finance (M2)
Lupin Ltd.
09.2007 - 07.2014
Cost Accountant
PRS Permacel Pvt. Ltd.
01.2005 - 09.2007
MBA - Finance
Jamnalal Bajaj Institute of Management Studies
Chartered Accountant -
Institute of Chartered Accountants of India
B. Com - Commerce
Narsee Monjee College, Mumbai University
Cost & Management Accountant - Cost Accountancy
Institute of Cost & Work Accountants of India