Kaustubh V Vaidya
Cost And Management Accountant
Vile Parle, Mumbai
Summary
Cost & Management Accountant with 20+ Years of Post Qualification experience in the field of MIS,Budgeting,Cost Accounting,Project Evaluations
Overview
24
24
years of professional experience
3
3
years of post-secondary education
1
1
Language
Work History
Business Controller Coating Solutions
BASF India Ltd
Mumbai
06.2019 - Current
- Income Statement responsibility as a Controller for the business
- Financial Project Evaluations for new Investments
- Driving Cost Efficiency measures for the business unit
- Product Costing for new Products and running Products
- Calculation & settling up activity rates in SAP for fix cost absorption
- Owner of End to End documentation on the financial processes for the business.
- Margin Evaluations and Reporting to Senior Management
Business Controller Care Chemicals
BASF India Ltd
Mumbai
10.2014 - 06.2019
- Monthly MIS to Senior Management.
- Part of Team for evaluation of New Project Investment.
- Presentation to Senior Management during monthly Management Meeting on Financial Results
- Preparation of Budget for division and track variances.
Senior Manager
BASF India Ltd
Mumbai
02.2010 - 10.2014
- Responsible for Product Costing for all Plants in India.
- Preparation of Plant budget & Functional Cost Budget for Central functions.
- Statutory Audit support for quarterly & finalization of year end.
- Preparation of Inventory provisioning & year end audit schedules & notes preparation.
- Site controller for BASF Thane site.
- Capital Expenditure monitoring & forecasting cash flow & MIS Reporting for Projects.
- Finance Partner for EP & ED business division.
Manager Business Finance
Ciba India Limited
Mumbai
04.2005 - 01.2010
- Analysis of monthly business performance - initiate proactive actions for corrective segmental financials.
- Forecasting & budgeting – identify gaps and areas for management actions to achieve targets.
- Segmental Accruals, Inventory provisioning & Incentive Calculations.
- Support Governance Finance for Statutory Reporting & Board Meeting preparation.
- Financial analysis for handling Audit related queries.
- Cost Evaluation of MD's Office and reporting on Monthly basis.
Officer Costing & MIS
Parle Products Pvt Limited
Mumbai
01.2003 - 04.2005
- In-Charge of Costing & MIS
- Monthly release of Costing Profit & Loss account for Brand wise & Pack size wise margins
- Working for releasing quarterly Results
- Periodic reporting and analysis including CMU wise & factory wise margins
- New Product Costing & Overhead working
- National & International Projects evaluation involving Payback Period, Discounted Cash Flow
- Handling Audit Related Tasks
- Valuation of Inventories.
Cost Trainee
Cadbury India Ltd
Mumbai
09.2000 - 09.2002
- Finance department handled Accounts Payable activities:
- Material Vendors payments & Invoice Verification (All India Material supplies) in SAP
- Creditor's scrutiny including periodic analysis
- TDS Reconciliation for monthly reporting
- Worked on Value Based Costing Project involving economic profit calculation
Education
Professional Degree - Cost & Management Accounting
The Institute of Cost Accountants of India
India 06.1996 - 2003.04
Bachelor of Commerce - Financial Accounting
M.L.Dahanukar College of Commerce
Mumbai, India 06.1994 - 05.1995
H.S.C -
Mumbai, M.L.Dahanukar College
Mumbai,India 06.1991 - 06.1992
S.S.C -
Mumbai, Parle Tilak Vidyalaya
Mumbai 06.1989 - 06.1990
Accomplishments
- Currently working on S4 HANA migration for the business unit.
- GST Implementation Project.Worked on closing Stock Credits to be availed on PAN India basis.
- Automation workflow Project flow for CIR & Expenses Approval.
- Part of Finance team for merger of Ciba India Ltd with BASF India Ltd.
- Part of Team for successfully making finance related tasks in SAP including Bank Reconciliation in Cadbury India Ltd.
Timeline
Business Controller Coating Solutions
BASF India Ltd
06.2019 - Current
Business Controller Care Chemicals
BASF India Ltd
10.2014 - 06.2019
Senior Manager
BASF India Ltd
02.2010 - 10.2014
Manager Business Finance
Ciba India Limited
04.2005 - 01.2010
Officer Costing & MIS
Parle Products Pvt Limited
01.2003 - 04.2005
Cost Trainee
Cadbury India Ltd
09.2000 - 09.2002
Professional Degree - Cost & Management Accounting
The Institute of Cost Accountants of India
06.1996 - 2003.04
Bachelor of Commerce - Financial Accounting
M.L.Dahanukar College of Commerce
06.1994 - 05.1995
H.S.C -
Mumbai, M.L.Dahanukar College
06.1991 - 06.1992
S.S.C -
Mumbai, Parle Tilak Vidyalaya
06.1989 - 06.1990