Shashank Adake
Summary
Finance professional with strong analytical skills and proven track record in financial management. Expertise in budgeting, forecasting, and financial reporting, paired with strong focus on team collaboration and achieving results. Adaptable, reliable, and skilled in navigating changing financial landscapes and organizational needs.
Overview
10
10
years of professional experience
Work History
Deputy Finance Manager
Skoda Auto Volkswagen India Pvt. Ltd.
08.2022 - Current
- Responsible for complete R&D Financial planning & reporting.
- Improved financial reporting accuracy by streamlining processes and implementing automated systems.
- Streamlined month-end closing procedures, reducing time taken to produce accurate financial statements.
- Developed financial models, analytics and automated reporting and forecasting tools to increase productivity.
- Enhanced forecasting accuracy through data-driven modeling techniques, supporting informed business decisions across all departments.
- Steered long term financial planning for R&D
- Enhanced budget management for the department through meticulous monitoring and analysis of expenditure trends.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Created financial dashboards to provide insights into key performance indicators.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Service Level agreements (SLA) execution/management, Non-disclosure agreements with inputs from legal, Finance & Tax departments.
Assistant Finance Manager
Skoda Auto Volkswagen India Pvt. Ltd.
09.2019 - 08.2022
- Responsible for financial planning & Reporting of Homologation department (sub department in R&D)
- Budget Management-Prepared budget for Project, Investments & Overheads expenses
- Long term Budget planning.
- Monthly Expense tracking.
- Raised budget requests, invoice processing for all internal & external customers.
- Monthly Provision & forecast reporting based on cumulative budget utilization and trend analysis.
- Prepared Frame contracts for ARAI, CIRT, TUV - Thus reduced the purchase process time & ensured timely invoice settlements.
- Prepared & executed vendor Non disclosure agreements, Service level agreements with parent company in accordance to Legal & Tax department guidelines
- Kept record, track & timely invoicing of the services.
- New Processes – Prepared usual finance process documents for department for easy understanding of user.
Sr. Officer - Finance & Admin
Volkswagen India Pvt. Ltd.
01.2017 - 09.2019
- Got promoted to Volkswagen India payroll in the same position with same set of task & responsibilities.
Officer - Finance & Admin
Randstad India Pvt. Ltd. (Deputed to Volkswagen India Pvt. Ltd.)
07.2015 - 01.2017
- Finance :- Managed 1 Mio. Euro Budget.
- Budget planning – Prepared budget for Investments & Overheads expenses based on yearly programs
- Presented in planning rounds & finalized with controlling.
- Cost Controlling – Expense tracking, first level discussion with vendor for RFQ.
- KPI reviews & forecast - Monthly KPI report presented to HOD and prepared forecast based on cumulative budget utilization and trend analysis.
- Incomes – Prepared & executed Service Level agreements (SLA), Sponsorship & Drivers agreements.
- System Access – K-SRM & SAP for budget requests & confirm receipt of services/goods.
- Admin:-
- Administration assistant to Department Head of Volkswagen Motorsport India. - Coordinating & communicating on HOD's behalf in his absence, attend controlling meetings & prepare MOM's for all the meetings related to strategic & financial planning.
- Project coordination for a team of 35 people by collating task timelines & following up with of sub-department heads.
- Planned and managed Motorsport teams travel for all events in calendar year.
- Organized backup documents for meetings and briefed team for all updates time to time.
- Expat coordination – Coordinate all expat visits to Motorsport workshops and events (On & Off track).
Education
Post-Graduate Diploma - Financial Management
Symbiosis Institute of Business Management
Pune06-2019
Bachelor of Engineering - Mechanical Engineering
Savitribai Phule Pune University
Pune06-2015
Skills
- Financial budgeting
- Financial modeling
- Financial analysis
- KPI management
- Budget forecasting
- Performance analysis
- Variance analysis
- Problem-solving
- Teamwork and collaboration
Accomplishments
Won Director's Club Award for H2 2024 for enhancing R&D profitability through smart initiatives & process optimization in forecasting, financial reporting, Project invoicing.
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Languages
English
Bilingual or Proficient (C2)
Marathi
Bilingual or Proficient (C2)
Hindi
Advanced (C1)
German
Beginner (A1)
Timeline
Deputy Finance Manager
Skoda Auto Volkswagen India Pvt. Ltd.
08.2022 - Current
Assistant Finance Manager
Skoda Auto Volkswagen India Pvt. Ltd.
09.2019 - 08.2022
Sr. Officer - Finance & Admin
Volkswagen India Pvt. Ltd.
01.2017 - 09.2019
Officer - Finance & Admin
Randstad India Pvt. Ltd. (Deputed to Volkswagen India Pvt. Ltd.)
07.2015 - 01.2017
Post-Graduate Diploma - Financial Management
Symbiosis Institute of Business Management
Bachelor of Engineering - Mechanical Engineering
Savitribai Phule Pune University
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