SAP S4 HANA
PRASHANT PRAJAPATI
Cost And Management Accountant (CMA)
Badlapur West
Summary
Dynamic finance professional with extensive expertise in corporate and plant finance, as well as costing strategies. Proven ability to manage multiple roles in fast-paced, deadline-driven environments while fostering strong collaboration within team settings. Highly numerate with exceptional communication, analytical, and presentation skills that enable effective stakeholder engagement and informed decision-making. Committed to driving financial performance and operational efficiency through strategic insights and innovative solutions.
Overview
7
7
years of professional experience
3
3
Languages
Work History
Manager
Molbio Diagnostics Limited
10.2024 - Current
- Handling inventory management at the company level across pan-India plants and offices.
- Implemented Standard Costing in SAP.
- Quarterly overhead calculations and activity rates update in SAP.
- Prepare and complete the company’s cost audit report on time.
- Leading the Inventory and Fixed Asset area of the Stat Audit of the company.
- Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs.
- Monthly report for inventory aging, along with the necessary provision to be considered.
- Monthly Report for inventory written off, scrapped, along with the justification from stores and production.
- Validation of the bill of materials in coordination with the production and QC teams.
- Actively involved in Opex and Capex budgeting of the company.
- Leading the physical verification of the inventory and assets of the company.
- Core team member in the listing process of the company.
- Help to plan budget and monitor performance, set standard unit costs, and recommend appropriate cost-saving opportunities.
- Make estimates of new and proposed product costs.
- DEPARTMENT: Finance and Accounts.
- REPORTING TO: Chief Financial Officer.
Manager Costing
OXALIS LABS (Macleods Pharmaceutical Limited)
11.2023 - 10.2024
- Monthly working for the cost of production of all the SKUs, including work in progress materials.
- Performed Monthly inventory valuation based on the actual costing process to build the cost of production.
- Prepare and complete the company’s cost audit report on time.
- Assist in the statutory audit of the company at the plant level.
- Monthly visit to the plant in Baddi (Himachal Pradesh) to discuss costing-related issues.
- Recommending cost-saving options based on a process review.
- Providing the selling price of the product to the business team.
- Perform physical inventory inspections, and monitor inventory management information systems.
- DEPARTMENT: Costing.
- REPORTING TO: General Manager, Finance
Manager Costing
Inventia Healthcare Limited
05.2021 - 10.2023
- Analyze and recommend costs and cost savings.
- Prepare and complete the company’s cost audit report on time.
- Analyze changes in the product manufacturing process, raw materials, manufacturing methods, or services provided to determine the effect on cost.
- Help to plan the budget, monitor performance, set standard unit costs, and recommend appropriate cost-saving opportunities.
- Make estimates of new and proposed product costs.
- Quarterly review of the MIS with the plant head and all the HODs, representing them to management.
- DEPARTMENT: Costing
- REPORTING TO: General Manager, Finance
Sr. Executive BPA Finance
Sandoz Pvt Ltd. (Novartis Division)
01.2020 - 11.2020
- Plant costing and business analysis.
- Monthly Period Closing Activities.
- Product Costing of Products.
- Capitalization of the fixed assets of the company.
- Costing of new products and periodic cost revisions.
- Perform a cost center review.
- Prepare cost sheets.
- Monthly balance sheet review as per IFRS and US GAAP.
- Business lead in Stat and Cost Audit of the company.
- DEPARTMENT: Finance
- REPORTING TO: Site Finance Head.
Associate Analyst Finance
Colgate Business Services Private Limited
11.2018 - 01.2020
- In-depth understanding of costing and FA processes.
- Period Closing Activities
- Product Costing of Products
- Fixed assets accounting and capital budget monitoring.
- Costing of new products and periodic cost revisions.
- Calculate, post, and allocate JE.
- Perform a monthly cost center and profit center review.
- Perform SOX assessment and compliance.
- DEPARTMENT: Supply Chain Finance (SCF)
- REPORTING TO: Manager, SCF
Education
Cost And Management Accountant (CMA) - Costing And Financial Accounting
The Institute of Cost Accountant of India
Mumbai, India 04.2001 -
Master of Commerce - Financial Accounting And Costing
MUMBAI UNIVERSITY
Mumbai, India 04.2001 -
Skills
Team leadership
Operations management
Strategic planning
Decision-making
Cost variance analysis
Inventory control management
Fixed asset accounting
Internal controls implementation
Auditing procedures
Proficient in SAP software
Software
Timeline
Manager
Molbio Diagnostics Limited
10.2024 - Current
Manager Costing
OXALIS LABS (Macleods Pharmaceutical Limited)
11.2023 - 10.2024
Manager Costing
Inventia Healthcare Limited
05.2021 - 10.2023
Sr. Executive BPA Finance
Sandoz Pvt Ltd. (Novartis Division)
01.2020 - 11.2020
Associate Analyst Finance
Colgate Business Services Private Limited
11.2018 - 01.2020
Cost And Management Accountant (CMA) - Costing And Financial Accounting
The Institute of Cost Accountant of India
04.2001 -
Master of Commerce - Financial Accounting And Costing
MUMBAI UNIVERSITY
04.2001 -