CA. ASHISH VAIDYA
Contact No: (+91) 9820866594: Email: ashish.vaidya3010@gmail.com
COMPETITIVE ADVANTAGE
A highly motivated Finance professional, who is able to provide key analytical. Ambitious and looking forward to playing a vital role in financial decision-making and adding significant value to a business/organization.
A high performing individual, demonstrating drive, enthusiasm and initiative, with the ability to work well under pressure, consistently delivering quickly and accurately and able to prioritise to ensure deadlines are met whilst maintaining a high standard of analysis and insight.
I have equipped myself conceptually and practically towards providing my performance potential. My objective is to use my knowledge to showcase the best results and achieving the objectives of the organization.
PREFESSIONAL SNAPSHOT – Key Highlights
• An astute professional with more than 11 years of experience in the field of Finance Planning and Analysis & Business Analyst
• Excellent communication, team building & interpersonal skills with ‘Can Do’ outlook
• Strong in Defining process and implementation
• Exposed to businesses like Insurance, Personal Loan, Car finance, Mortgages, Banking & Financial services
• Instrumental in setting up Qlickview for Alternate Channels
• Instrumental in setting up a complete distribution model for newly acquired ING Vysa Bank
• Enterprising Leader with ability to deal with people across levels & from diverse backgrounds
• Proficiency in Microsoft Office (including PowerPoint, Excel, Word & Access)
• Received long service award from Group Head for completing more than 5 years with Kotak Group
ORGANISATIONAL SCAN
CITI GROUP (Jun 15- till date) – Assistant Vice President- Leading the Corporate Financial Planning & Analysis (FP&A) team based out of Mumbai & supporting the global Corporate FP&A team with a portfolio of past performance and forward looking analytics for Citigroup presented to the senior management and also external to the firm
Currently handling a team of 11 professionals comprises of Chartered Accountants and MBA in Finance
? Corporate Finance
o To provide senior management with analysis and insight into Citi’s financial results and projections to facilitate decision making
o Preparation of monthly actual deck and quarterly Earnings book for senior management
o Preparation of by-monthly outlooks and forecast including leading the entire process right from preparation of outlook calendar, coordinate with system team to ensure system readiness for forecasting and planning
o Responsible for preparation of decks for review with CFO-CEO, Operating Committee, Board Of Directors & Submissions to the regulators (Federal Reserve)
o Provide support for other external communications
o Liaise with Regional, Product CFOs & Investor Relations team
o Supporting Ad-hoc business requests/reviews from/to the senior management
o Part of Various forums viz, Global FP&A calls, Pre-Flash &Flash CFO calls with CFO, Outlook Calls, CEO reviews, Ops calls , SDM (systems calls) & Analyst calls
? North America Franchise & CBNA support
o Responsible for delivering analysis and insights into North America’s financial results to Citi CEO for north America and Citi finance senior management
o Production of North America financials reports, including liaising with finance teams to provide meaningful commentary to clearly summarize financials trends & ensuring timely adherence to deadlines
o Preparation of analytics in support of CFO&CEO reviews , including business initiatives
o Drive the standardization and improvement of activities to generate efficiency and re-engineering saves
? Expense Analytics
o Analysing, investigating and explaining key movements and trends in major P&L lines for expenses
o Preparation of monthly financial expense metrics and key business drivers specific to different products
o Supporting quarterly Earnings Deck covering expense deep dive analysis
o Coordinates with businesses for preparation , investigation & analysis /story to explain key movement against plan, forecast for Core business expenses for Citigroup
o Competitors analysis on quarterly basis
o Preparation of various P&L & Headcount reports and ensuring timely adherence to deadlines
? Investment Analytics
o Investment Policy &Initiative Expenditure policy (IEP) supports
? Support the IEP process implementation & the process steps working closely with policy contacts, project managers and finance teams involved in the IEP forecasting
? Analysing, investigating and explaining key movements ad tends in the reported investments
? Preparation of quarterly investment financial results for the investment committee and senior management
? Manage the co-ordination and communication of the quarterly investment reporting process for the Investment Committee
? To-play key role in designing and developing system for tracking investments ( IMS tool)
? Indentify process issues/risks to assist in the design and implementation of the improvements and controls to the IEP process
KOTAK GROUP – Successful stint of 9 years of association
(Kotak Mahindra Prime Limited & Kotak Old Mutual Life Insurance, Mumbai -August 2006 to Jun 2015)
A. Kotak Old Mutual Life Insurance, Mumbai (Dec 08 till Jun 15)
Associate Vice President (AVP) – Strategic Planning, Budgeting & Analysis
? Preparation and roll out of annual operating plan and strategic projects/plan for alternate channels
o Responsible for preparation of annual sales plan, expenditure budgeting, manpower allocation etc.
o Monthly P & L review and variance analysis
o Industry Analysis and Overview
o Competitors benchmarking & Strategy
o Responsible for financial analysis and management reporting
o Month end provisioning & Expenditure variance analysis
o Preparation of presentation on Monthly Operating review presentation for Group CFO
o Preparation of Board Presentations and other presentations for Budget review meet, Business review meets for Senior Management.
o Responsible for recording and maintaining targets for PAN India-Alternate Channel.
o Overall responsible for timely payout of incentive and target maintenance
o Responsible for all the Cross Sell initiatives in the channel to leverage existing manpower in getting additional sales volume
o Responsible to drive all digital initiatives in the channel
o Liaise with HO sales support team for all co-ordination
? Conduct financial feasibility of the channel level initiatives including compensation and R&R
o Evaluate financial viability of the initiatives proposed by the channel
o Responsible for designing lucrative Rewards & Recognition program, & attractive sales schemes.
o Recommend the alternatives so as to bring out a balance between financial and business objectives
? Corporate Agency Licensing & Vendor Payments
o Set up new department and prepared entire new corporate agency appointment process note.
o Maintaining records as per Statutory requirements
o Set up new department and prepared entire new vendor payment process note.
o Verifying and authorizing monthly payment file and each voucher before processing for payment.
B. Kotak Mahindra Prime Ltd. (NBFC in car finance industry), Mumbai
Senior Manager (Aug’06-Dec’08)
? Dealer Finance (Wholesale funding- Credit officer)
o Due Diligence & Credit analysis of financials of dealership entities requiring inventory funding and term loans.
o Restructuring of entities in financial crisis
o Preparing cash flow statements and projections of dealership entities
o Reviewing churning, retail done and audit defaults of dealers
o Maintaining relationships with dealers
? Internal Controls
o Internal audits of car finance branches, Head Office departments like accounts, center payments, Human Resource, Treasury, Asset reconstruction department etc.
o Process and policies review- Review of company processes and products from operational risk point of view
o Due diligence reviews of service providers &Investigation and reporting of unusual events in business
o Conducting and designing Control self assessment questionnaire for various lines of businesses
o Conducting application system control reviews
o Quarterly presentation to Audit Committee members comprising of directors
o Review of system access reports for controlling segregations in systems
o Conducting annual Business Continuity and Resumption Plan testing
o Basel-II norms on operational risk: Project of setting up mechanism to capture operational loss data for implementation of Basel II
Mandatory 3 years internship with Khandekar and Associates :
o Statutory Audit of Large Corporates and Banks , The Saraswat Co-op. Bank Ltd. – concurrent Audit.
o Taxation, Tax Audit & Corporate, Non Corporate Assessee’s Taxation , Individuals , Partnership Firms & Trusts
ACADEMIC CREDENTIALS
2006
C.A.Final (Both Group)
Percentage 50%
ICAI
Mumbai, Maharashtra
2004
PE-II (Both Group)
Percentage 54%
ICAI
Mumbai, Maharashtra
2001
CA foundation
Percentage 55%
ICAI
Mumbai, Maharashtra
2005
M. Com.
Percentage 65%
Mumbai University
Mumbai, Maharashtra
2003
B. Com. Little Flower High School
Percentage 66%
M.L.Dahanukar college of commerce
Mumbai, Maharashtra
COMPUTER PROFICIENCY
Banking Systems: Worked on financial systems on oracle platform, Jade, Ruby, CHAT, & Qlickview
Accounting System: Tally 7.2, Ex-Next generation
Other Proficiencies: Microsoft Office (MS-Word, MS-Excel, MS-PowerPoint, MS-Access),
Planning and Analytical Tools - Excel Ess base, Micro-strategy, PEARL, JADE etc.
PERSONAL DOSSIER
Date of Birth : 30th Oct 1982
Marital Status : Married
Holder of a Valid Passport