Karthik Muralidharan
Chartered Accountant, Chartered Global Management Accountant
Hyderabad
Summary
Chartered Global Management Accountant (CGMA) and Chartered Accountant (CA) with 16 years’ experience in Business and Site Finance operations, Financial Planning and Analysis (FP&A), international and cross cultural exposure, data driven decision making and analysis, working capital management, holding, subsidiaries consolidations and corporate financial reporting.
Finance Business partner with track record in setting up / improving processes to increase revenue growth, operating profitability and working capital improvements.
Overview
19
19
years of professional experience
15
15
years of post-secondary education
Work History
Site Finance Head
Piramal Pharma Limited
Digwal
10.2020 - Current
- Part of site leadership team, providing finance leadership for execution of strategic growth plans
- Leading finance team of 7 reports
- Responsible for establishing annual site budget, finalizing inputs from cross functional teams
- Driving on site performance improvements by providing regular insights to site leadership on revenues, material costs, opex, variances, review of cost saving opportunities like production yield improvements, solvent and catalyst recoveries, etc
- Monitoring future 12 months rolling P&L forecasts / line of sight, based on current and historical data; monitoring and tracking of monthly revenue targets and actual achievements
- Overseeing monthly finance closing activities, review and analysis of monthly MIS reports, variance analysis
- Strategic presentations to Senior Leadership on business cases and justifications for capex explaining key business drivers, payback analysis
- Conducting product profitability analysis (correlating product gross margins with their plant occupancy), product gross margins analysis (sales price-volume analysis, raw materials usage-price analysis), annual plant capacity analysis, monthly department opex spend analysis
- Review of RFP pricing for new products, annual pricing reviews for commercial products
- Working capital management – monitoring ageing of inventories and working with stakeholders to reduce inventory levels; monitoring customer collections and rolling 12 months cash flow forecasts
- Liaise with Internal Auditors for annual site audit programs.
- Developed assertive communication and organizational skills through working with cross functional teams.
Site Finance Controller
Piramal Riverview (Ash Stevens Inc)
Michigan
11.2017 - 10.2020
- Achieved financial integration of Ash Stevens Inc (acquired in 2016) with Piramal Pharma’s financial closure, MIS and audit policies and procedures
- Preparation of monthly MIS packs; preparation of Annual Budgets; developed templates for comparison and analysis of Budgets and Actuals
- Cash flows planning and monitoring on monthly basis and taking necessary working capital actions like payables management, customer collections and active monitoring of new contracts for raising upfront deposit invoices
- Supporting Supply Chain by taking lead in updating BOMs and Recipes to ensure accurate product costs calculations in SAP
- Part of various SAP automation projects – Capex project system, Opex tracking, Revenue forecasting.
Manager / Chief Manager – Finance
Piramal Enterprises
Mumbai
02.2011 - 11.2017
- Responsible for preparation Consolidated financial statements of the Group (with 50+ subsidiaries) and SEBI reporting
- Handled IND AS conversion project for the group – analyzed GAAP differences, prepared quarterly profit and net worth reconciliations, ensured grouping of accounts as per IND AS
- Advised subsidiaries on specific accounting issues
- Executed internal group restructuring plans
- Assisted management in preparing internal valuations / forecasts for goodwill impairment.
- Cross-trained existing employees to maximize team agility and performance.
Manager - Finance
LONZA INDIA PRIVATE LIMITED
Mumbai
08.2010 - 02.2011
- Preparation of Monthly Profit and Loss Account and Balance Sheet for Group Company MIS reporting
- Projects costing
- Monthly comparison and analysis of budgets and actuals.
Assistant Manager – Taxation
BUNGE INDIA PRIVATE LIMITED
Mumbai
04.2008 - 08.2010
- Preparation of financial statements as per Indian GAAP
- Annual Income Tax returns and Form 3CEB (Transfer Pricing) filing within the due date
- Review of data collated for Transfer Pricing purposes and ensuring that adequate documentation as required by law is maintained
- Collection and collation of data for income tax purposes and appearing for hearings before income tax authorities.
Article Trainee – Assurance
LOVELOCK AND LEWES
Mumbai
04.2005 - 04.2008
- Independently handled/worked as team member on statutory and tax audit assignments of public and private limited Companies, limited reviews of listed Companies
- Major clients worked on include: Wyeth Limited, Novartis India Limited, Watson Pharma Private Limited, Thomas Cook (India) Ltd and Chiron Behring Vaccines India Pvt Ltd]
Education
Chartered Accountant - Finance
Institute of Chartered Accountant of India
India 05.2003 - 06.2007
Bachelor of Commerce (BCom) - Accounting And Finance
University of Mumbai
Mumbai 07.2002 - 03.2005
Associate Chartered Management Accountant - Management Accounting
Chartered Institute of Management Accountants
United Kingdom 10.2010 - 09.2018
DIPLOMA IN IFRS (DipIFR) - IFRS, Accounting
Association of Chartered Certified Accountants
London, UK 10.2014 - 12.2014
Skills
Business Finance, Forecasting, Financial Analysis, Budgeting, Working capital management, Problem solving, Attention to detail, Leadership, Interpersonal skills
undefinedRoles And Responsibilities
In my current role as Business / Site FInance head, I am responsible for monitoring revenues and profitability of a pharma API site in a growth phase, review of budgets, rolling forecasts, MIS, variance analysis and improvising financial processes to support business objectives.
Timeline
Site Finance Head
Piramal Pharma Limited
10.2020 - Current
Site Finance Controller
Piramal Riverview (Ash Stevens Inc)
11.2017 - 10.2020
DIPLOMA IN IFRS (DipIFR) - IFRS, Accounting
Association of Chartered Certified Accountants
10.2014 - 12.2014
Manager / Chief Manager – Finance
Piramal Enterprises
02.2011 - 11.2017
Associate Chartered Management Accountant - Management Accounting
Chartered Institute of Management Accountants
10.2010 - 09.2018
Manager - Finance
LONZA INDIA PRIVATE LIMITED
08.2010 - 02.2011
Assistant Manager – Taxation
BUNGE INDIA PRIVATE LIMITED
04.2008 - 08.2010
Article Trainee – Assurance
LOVELOCK AND LEWES
04.2005 - 04.2008
Chartered Accountant - Finance
Institute of Chartered Accountant of India
05.2003 - 06.2007
Bachelor of Commerce (BCom) - Accounting And Finance
University of Mumbai
07.2002 - 03.2005
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