Summary
Overview
Work History
Education
Accomplishments
Timeline
Generic
Kaustubh V Vaidya

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

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Kaustubh V VaidyaCost And Management Accountant