- Marathon
Yogesh Joshi
Finance Partner
Mumbai,India
Summary
Objective Business leader with demonstrated success leading financial systems and programs. Knowledgeable about regulatory requirements and successful strategies for maintaining optimal controls. Well-organized, proactive and adaptable to changing markets.
Overview
15
15
years of professional experience
10
10
years of post-secondary education
4
4
Languages
Work History
Finance Business Partner
GlaxoSmithKline Pharmaceuticals Ltd
Mumbai, IN
05.2013 - Current
- Partner for GSK India
- Analyzed financial position, investigated and reported budgetary variances and identified adjustments to facilitate month and year-end processes.
- Liaised with budget holders to evaluate financial performance and offer financial management data, analysis and advice.
- Developed staff training programs to enhance financial performance and budgetary control awareness.
- Prepared and managed large capital expenditure budgets to effectively handle infrastructure investment and long-term operations.
- Taken on additional responsibility of Finance partner for GSK Pharma
- Vietnam since Apr 2021
- Handled various roles across GSK Pharma India, in Supply Chain, Commercial, Manufacturing Plant, R2R,
- Finance Controlling
- My job responsibilities include:
- Strategic partner to Business Unit (BU) Head
- Act as a first point of contact for Financial matters for my business area
- Formulating short & long range (3/1 Plans, Updates and Latest Estimates) & Standard Cost
- Setting
- Making budgets in line with Corporate guidance & aspirations through constructive discussion, critical evaluations with stakeholders & building consensus with BU head & to ensure appropriate stretch is built in the budget
- Lead the forecasting process with accurate predictability of future performance as regards landing numbers for the month, Year to go (YTG) & Year end landing
- Analyzing product pricing/spend proposals, trade agreements, Product mix, new Products, cost per unit & profitability
- Evaluation of business case & capex investment proposals
- Lead monthly reporting of Financial performance & key metrics/KPI/dashboards
- Control over
- Month & Quarter Closing Activities & Reporting, by partnering with SMAS and Close and control
- Hub
- Lead monthly governance calls with commentaries & analysis
- Preparation of monthly Business performance review, participate in country reviews, suggest opportunities to improve profitability & driving cost saving/optimization project
- Comparison of relevant dimensions of plan with previous year, sequential period with analysis
- Management analysis as regards Price-Volume, Make vs Buy, Margin analysis etc
- Proactive analysis of business drivers, opex, trends
- Control over Inventory, Receivables, Payables & other Balance sheet items as well as control over Opex, Capex, Write off’s, Yields & Material Usage Variances
- Monthly Balance Sheet reconciliations & Sox Controls
- Oversee monthly submissions in SIERA with Close & Control Hub
- Provide monthly Bison Sign off’s
- ICT/Profit Release reporting & Transfer Pricing fixation
- Preparation of Cross-country shared services agreements preparations as well as timely reviewing and negotiating contracts
- Expert in Zero Based Budgeting, Scenario Building & Sensitivity analysis
- Financial Statements (GAAP), Statutory Audits & Taxation
- Compliance with Local GAAP & IFRS to ensure correct financial reporting
- Ensuring internal & external audits with no critical observations
- Lead the audit & liaise with senior
- Audit partners during Audit reviews & discussion
- Awards & Achievements
- Recipient of 1 Gold, 5 Silver & 7 Bronze awards in GSK Pharma India
- Automation of repetitive tasks through DDA & Power Bi
- Savings of 250+ Hours annually (Area –
- Recovery Calculation, Actual Costing, Monthly Opex reports)
- Lead for GST (Goods & Services Tax) implementation for Supply Chain leading to simplification (Closure of 5 CFA’s) & tax optimization (Tax Value unlocked – 900 KGBP)
- Core Team member for CERPS & MERPS Implementation in GSK India
- Risk Manager (RMPO) for 1.5 Years in CMO/External Supply Vertical (Additional responsibility)
- Got appreciation for RMPO role in A&A Audit
- Examples of few projects carried out
- Yield & Material Usage Improvement project, leading to more output available for Sale (Business benefit Approx 100 KGBP annually)
- Driving Make vs Buy project for Betamethasone based Derma SKU
- Project got approved leading to saving of approx
- 350 KGBP annually
- Working on Network modelling projects to bring efficiency in logistics operations
- NPV/IRR calculation for new Greenfield facility in India
Inventia Healthcare Pvt Ltd
02.2007 - 04.2013
- Inventia Healthcare is an Indian Pharmaceutical company engaged in manufacturing of pharma products on contractual basis
- Having US FDA Approved facility & own R&D Centre, company’s strength/core area was NDDS (New Drug Delivery System) & sustained release products
- Part of Corporate Finance team
- Responsibilities included:
- MIS & Monthly reporting
- Finalization of P&L & Balance Sheet for the company
- Accountable for completion of Direct Tax,
- VAT & Statutory Audit
- Accountable for payables, receivables, treasury & bank reconciliations
- Maintenance of Fixed Asset Register & Capitalization of CWIP
- Accomplishments/Key Points in Inventia
- Core Team member of SAP implementation
- Set up FI & CO module of SAP
- More than 4 years of experience of day to day working & user training
- Key player for successful Private Equity funding taken by Inventia
- Lead the process for Due
- Diligence & data gathering.
Education
ACA - Finance, Accounts & Taxation
ICAI
Mumbai 04.2002 - 11.2006
Bachelor of Commerce - Finance, Accounts & Taxation
Mumbai University
Mumbai 06.1997 - 03.2002
ACCA - International Finance, Management
ACCA
11.2021 - Current
Skills
- Strategic and financial planning
Accomplishments
a
Interests
- Hiking
- Guitar
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
ACCA - International Finance, Management
ACCA
11.2021 - Current
Finance Business Partner
GlaxoSmithKline Pharmaceuticals Ltd
05.2013 - Current
Inventia Healthcare Pvt Ltd
02.2007 - 04.2013
ACA - Finance, Accounts & Taxation
ICAI
04.2002 - 11.2006
Bachelor of Commerce - Finance, Accounts & Taxation
Mumbai University
06.1997 - 03.2002
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