Chetan Vaishnav

I am a Cost Management Accountant (ICWA) with 15 years of experience in Cost Control & Reduction, Financial Planning & Analysis (FP&A), Budgeting & Forecasting, ERP Implementation (SAP), IFRS & VAT UAE Knowledge, MIS Reporting & Dashboards, Audit Compliance (Statutory & Internal), Inventory & Variance Analysis & Team Leadership across leading firms like Mahindra, Atlas Copco, Epiroc and Fayat Group.

I am currently exploring suitable job opportunities in Dubai/UAE, and I would be grateful if you could consider my profile for any current or upcoming roles in Finance, Costing, or Business Control.

MIS Reporting , Planning Process (Budgeting), KPI monitoring & deviation Analysis 

▪ Sales, COGS & Gross Profit reporting. ▪ Preparing Monthly Cost control Report for each division & analyzing the deviation in expenses. ▪ Product Category wise Sales and Customer wise performance analysis. ▪ Reporting status on Epiroc’s cost reduction programs: CC7, CC9 & CC12. ▪ Reporting in ECS: 12 Months forward expectancy, PC Dashboard & Pk Bridge, currency exposure, sustainability report.

 ❑ Cost & Price Development ▪ Monitoring Standard product costs, comparing standard with actual costs & analyzing the reasons for variations. Close interaction with operations to ensure Cost Record Maintainance. ▪ Calculating MHR, MOH, PLC & LCF Factors. Observing & analyzing the under / over absorption of overhead. ▪ Setting up Transfer Prices in the system as per Epiroc’s Transfer Price Policy. ▪ Defining common cost allocation keys for proper cost allocation & reallocation. Cumulative work experience (2/4) 

❑ Internal Financial Control & Auditing ▪ Ensuring compliance of statutory audit, internal & Group Audit. ▪ Co-ordinating IFC auditor, internally with Finance team & cross functional teams and ensuring smooth closure of audit with no observations on controls. ▪ Review of risk matrix, updating risk matrix after discussion with process owners, conducting Mangt. Review. ▪ Prokura Maintenance in line with the Epiroc way…. ▪ Supporting GM in BRM & CRM presentations.

❑ Inventory Analysis ▪ Driving the Inventory cycle count activity within the factory. ▪ Working closely with Finance team to ensure correct accounting effects of inventory transections in the books and ensuring correct inventory valuation. ▪ Ageing analysis reporting showing slow moving, non-moving & fast moving inventory & making provision in the books accordingly. 

❑ Accounting ▪ Closely associated with local Finance team to ensure control over accounting to reporting, receivable to payable monitoring from Business control perspective. ▪ Well aware with Epiroc (Swedish) Income statement & Balance sheet structure, SCOA and reporting deadlines. ▪ Periodically reviewing of Balance sheet schedules. 

❑ Capex (Fixed Asset) Monitoring ▪ Compiling Capex budget and monitoring the actual spent vs budgeted spent. ▪ Familiar with maintaining records of Fixed Assets as per Schedule VI of Indian Companies Act, 1956. ▪ Ensuring correct classification of Capital assets. ▪ Driving physical verification of fixed assets & tagging. 

❑ Taxation ▪ Participated in local core committee for smooth implementation & functioning of GST within Epiroc. ▪ Well familiar with records to be maintained under Good & Services Tax GST and Return Filling, Duty drawback, Rebate & Export Incentive schemes like DBK, MEIS & SEIS.. Cumulative work experience (4/4) ❑ Legal Compliances ▪ Reviewing Inter Company Agreements and providing input from cost & benefit perspective ▪ Examples - Transfer Pricing, warranty handling, sales commission, sales incentive schemes, employee incentive schemes, Technical Service & Royalty etc. ▪ Ensuring timely compliances of statutory audit, cost audit, internal audit, CMS audit etc.

 ❑ Supporting in Investment applications, Project Tracking & payback period monitoring. ▪ Examples – CC425, CA250D & CC382 

❑ Commercial Function ▪ Reconciliation of MEIL receivables with state portals. ▪ Interim review of provisions for commission, bad debts. ▪ Follow up with concerned branch managers for overdue debtors. ▪ Reviewing & ensuring adherence to the commercial SOPs .

Education– Indian : CMA from Institute of Cost & Management Accountants of India, Company Secretaries, ICSI (Finalist), Masters in Commerce, Pune University. 

Expertise on Microsoft Office Power Bi, MS 365 & SAP s4 HANA, BPCS