UPEN MARU

Experience

• 

  A.J. Shah & co. Chartered Accountants

  Nov 1995 - Apr 1997

  Assistant Manager

  • During 3 years of practical training with A. J. Shah & Co. Chartered Accountants had exposure to Statutory and Tax audits of Corporate and Partnership clients. • Worked for 2 years in A. J. Shah & Co., Ghalla & Bhansali and Pinkesh Kapadia & Co. Chartered Accountants on a Retainer ship basis. During the above term handled Audit of Public Ltd. Companies, special assignments, payroll & taxation structure and Management accounting reports of MNC.

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  Boston Scientific

  May 1997 - Dec 2006

  Asst. Manager FP&A (India Office)

  Responsible for Financial Planning, Reporting & Analysis, Business Unit Management report, monthly Management report, Direct and Indirect Taxation, Transfer Pricing assessment.• Quarterly rolling Plan/LBE process, Quarterly Business review, Country Business review and Monthly management report.• Integrated Financial Accounting System implementation / Transition• SO 404 implementation of India operation with identification of Process owner, Quarterly Testing, remedial actions and follow up on future action plans.• Web based Work Flow Automation for Online approval of Travel requisition, Stockist Price approval, marketing expense Pre-Approval with Authorization limits, New Stockist Approval process etc.• Corporate Tax filings and Assessment including Transfer pricing assessment, local state VAT returns and assessment.• Management of Account Payable and Account Receivable outsourcing team• Treasury and Inter-company transaction, Import transaction documentation Show less

• 

  Abbott

  Jan 2007 - now

  Responsible for Entity Controllership role including Risk & Internal control at Abbott in India to ensure effective and adequacy of internal control through independent and continuous monitoring role.• Entity oversight role of Abbott SJM India operation – US & Local reporting, optimization of SAP system, Cash flow hedge strategy of Corporate treasury and educating local team on Abbott policy/process.• Drive India Payroll strategy to ensure process standardization, improvement and statutory compliances• Instituted Risk and Internal Control group to support sustainable environment of Internal Finance Control. Act as Cohort between Corporate and India Affiliate.• Independent continuous monitoring role through Internal Audit scope focused on local IFC requirement to ensure compliance to local regulatory requirement.• Driven US SOX and Local IFC Compliance Program through documentation of Abbott process controls (SOX/ICFR) in the area of Revenue, Financial Reporting, Expenditure, Payroll, Taxation, Fixed Assets and Treasury for adequacy and effectiveness of controls.• Anticipate the needs of stakeholders and support business objectives to ensure good practices are integrated in business processes.• Risk management framework and creation/update of Risk register for AIL/AHPL.• Driven CFS Learning initiative to support talent capability building through competency based learning paths, enriching on job experience. India Ambassador for Finance Development Task Force. Show less Responsible for ANI commercial finance for Margin and Profitability (M&P) Reporting and Analysis, support Innovation analysis and web planner design and development, support new EMDR database development.• Design, develop and implement the Innovation web planner to support ANI Innovation Long term plan process and stage-gate review time line. Supported financial analysis of ANI Big 5 innovation process through collaboration with cross-functional team.• Reporting and analysis of ANI M&P initiatives to support monitoring, tracking and decision making process.• Development of Financial template to support EMBR analysis in new database. Show less Responsible for Financial planning, Reporting and Analysis, Long Range Planning (LRP), support financial due diligence for Licensing and Acquisition and Business Partner for Commercial therapeutic area.• RICC Area Long Range Planning process, LRP book with requisite schedules with data analysis for Sales and Division margin, Market growth and evaluation, SF productivity and acceleration analysis. Review of LRP Sales w.r.t. IMS market growth projections, In-Mkt & To-Mkt volume and DOH strategy Price risk, supply chain constraints and related mitigation plans LRP PL review – Distribution margin, OPEX and Division margin profile• Regular update to Business and Commercial team with performance dashboard and Area Management reports such as Standard margin, Comparatives vs. Plan/Update and Prev. Year.  Development of Return on Investment (ROI) template for commercial to optimize resource allocation based on TA contribution and investment analysis.• RICC Area co-coordinator for PPG Emerging Market Acceleration Project (EMAP).  Developed within short time frame EMAP Financial evaluation template for Project evaluation and efforts has been recognized with Q3 RICC Area DVP award.  Support Financial due diligence and analysis for RICC EPD Area’s licensing & acquisition initiatives including Integration of new entities.• Finance partner of RICC ONE TA – Women’s Health business. WH ONE TA had regular structured interaction on In-Market result, Medical and Regulatory impact on business, DOH strategy, supply chain constraints and brand plans. Support RICC area financial evaluation on IVF / PTL label change Part of Cross function task force to monitor supply of Duphaston (during plant shutdown for upgradation), Duphalac (supply constraints based on LRP projection). Show less Responsible for Accounting, Control, Financial Reporting & Analysis, Management report, Transfer Pricing set up, Local Pricing, Entity Planning including Long Range Capital Plan (LRCP)• Responsible for India Plan and Update book, Long Range Plan book for EPD AIL business with Brand plans, Market insights with data analysis for Sales, Expense and Divisional Margin. • Support achievement of business objectives through International Monthly and Quarterly Reports including S&OP docket and LBE submission.• Stream line and development of robust reporting structure for performance analysis at Country as well Business unit level. S&OP Docket process and NPI – BCF process.• Streamline and Standardize Local Pricing process for approval and implementation at CFA level with internal controls requirement.• Expense Analytics – Controllable / Uncontrollable leading to ECMS database for controlling and monitoring of expenses.• VGSAM Database management to provide sales trend of key brands based on historical sales data by unit, Price and value. Show less

  • Associate Director - Financial Controlling

    May 2024 - now

  • Associate Director - Risk Management & Internal Control - Abbott India

    Jun 2014 - Jul 2024

  • Abbott Nutrition International Commercial Finance Manager (Chicago)

    Apr 2013 - May 2014

  • Abbott Established Pharmaceuticals Area Finance Manager (APAC/RICC, Singapore)

    Mar 2011 - Apr 2013

  • Abbott Established Pharmaceuticals Assistant Controller FP&A (Abbott India)

    Jan 2007 - Mar 2011
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  Abbott

  -

  Associate Director - Financial Controlling