Vaishali Paradkar

Experience

• 

  N.I. Mehta & Co.

  Oct 1993 - Mar 1996

  Cost Trainee

  As Cost Trainee, got trained for cost audit, cost control methods and analysis to improve business efficiency.

• 

  Abbott

  Mar 1996 - Oct 2003

  Assistant Account Manager

  - Plant Accounting; Variance Analysis; maintaining the Monthly Manufacturing & Trading Account; Stock taking - Fulfillment of the statutory requirements under DPCO, DPEA, BICP, and compilation & audit of cost records. - Involved in design and implementation of the Excel based Software for Cost Audit (Formulations); automation of manually maintained records in consultation with IT systems department like PPV report from MFGPRO.

• 

  Organon (India) Pvt. Ltd.

  Oct 2003 - Nov 2004

  Senior Officer - Cost & Prices

  - Cost & Inventory Control for various locations including Four Loan Licenses, One Bulk Drug Factory, One Formulations Factory as well as the finished goods all over India. Assist in proposing suitable price for tenders.- Monitoring purchase price; performed analysis thru Yield Variance Report, Usage Variance Report, Capacity Variance as well as the Expenditure Variance; preparing and maintaining the Pricelists in Form V.

• 

  IFF

  Jan 2011 - Jun 2011

  Controller - Fragrances

  Business Finance Partner for financial planning, analysis and strategic commercial decisions for Fragrance division.

• 

  UCB

  Jun 2011 - now

  Key role in Business partnership involving - Financial Modelling for various business options for commercial partnership - Alliance management with Partners - Stakeholders management - Internal & External - Social business project financial modelling in 2020 considering financial impact on company as well as society - Impact assessment of taxation from indirect tax as well as transfer pricing point of view for projects, contracts, working closely with the tax consultants and group taxation team, wherever necessary - Analysis of impact of tax amnesty schemes in indirect and direct taxation - financial as well as qualitative - to facilitate effective decision making - Financial assessments of the changing environment internally / externally and drive strategic decision- making basis impact thereof on business - Financial statements handling for statutory as well as tax audit from Dec 2019 onwards - Added responsibility of Human Resource Management at UCB India, handling payroll , employee softer issues, assisting in training needs - Implementing revised organisation structure commensurate with the new business model, working together with the local team as well as global team Show less Currently Supporting SEA and Australia as FP&A for neurology including financial modeling cases of new product launches (Patented products), new indication; pricing decisions, cost benefit analysis for expanding territories, in-licensing, etc. Innovative Pricing in launch of a patented product in 2018 in India ensuring optimum realisation.Key role in GST implementation in 2017, identified & utilized the credit of the import duties (CVD) previously incurred, re-negotiated the cost for local purchases resulting in material savings.Co-promotion Partnership Negotiations in 2016 and 2018; financial modeling for the business model.Discontinuation of distributorship in India and across Asian countries in 2018; pricing reconciliations; interim supply support to help transition, protecting UCB interests with savings as well as concluding recoveries of the investment.New therapy Multiple Sclerosis Distributorship Integration in 2015; enabling BU to grow Divestment of established Brands in 2015; collation of historicalfinancial data viz. Product P&Ls, Total P&L, Working Capital etcand forward looking P&Ls, ensuring transparency in buyer’s due diligenceDivestment of Vapi Manufacturing Plant 2012/2013; efficient financial modeling for converting own manufacturing facility into P2P.Plant Financial Control 2005 – 2012; handled various cost saving / efficiency improvement projects, reduction of spillages / wastages, better raw material purchase, negotiations; resulting overall improvement.Global Integration of R&D unit in 2010; streamlined the functioning of CRO, Clinical Trials and MIS reporting.SAP Implementation in 2007/2008; total integration from manufacturing till sales. It was a pilot project for UCB Global, which was rolled out globally thereafter; handled MM and CO models specifically, with testing. Show less Successfully implemented business models for co-promotion, in-licensing of patented brands and divestiture of business units and plant. Valuation in due diligence, under the divestiture of commercial business and plant operations. Being a part of Due Diligence process for in licensing of business and integration of the business financials with existing business. Designing, monitoring and reporting KPIs for business performance; enhancing financial processes and systems, reviewing complex financial data to facilitate strategic decision making . Monitored the accuracy of records in order to verify that cost accounts & records are correctly maintained in conformity with accepted cost accounting principles adopted in the industry.Anchor of the Women Forum within the organisation which help to enhance the capabilities and confidence for women. Show less

  • Head I 2 I & Talent, India

    Sept 2019 - now

  • Business Finance Controller - ASEAK Neurology (Australia, Hong Kong, Taiwan, Korea & India)

    Aug 2017 - Aug 2019

  • Financial Controller - India Business

    Jun 2011 - Aug 2017