Bhavesh Dave

About Bhavesh Dave

A senior finance professional with over 25 years of experience, having expertise in business partnering & strategy, financial planning, finalization of accounts, performance reporting, treasury, audit & risk management, in SAP working environment having implemented SAP on multiple occasions.

Experience

1. Associate Director - Finance

   Abbott

   Jun 2007 — Present · Mumbai, IN

   Associate Director – FinanceAbbott is a leading global pharmaceutical company with a strong presence in India. Turnover of the company is Rs. Cr and operates in pharmaceutical, nutrition, vascular, devices and diagnostic businesses.Current Responsibilities: • Finalisation of accounts (Both Indian GAAP and US GAAP)• Audits –Statutory, Tax, Internal Audits• Risk Management and SOX / ICFR Compliance• Global performance reporting to Head Office at Chicago• Handling Global Compliance Audit and working with senior leadership team on ensuring overall hygiene and compliance• Leading global & regional projects for India operations• Entity merger• Treasury operations• Developing leadership capabilities of finance team membersPrevious Responsibilities Handled: The role was of partnering with business units as a finance controller for all strategic and financial decisions for divisions across different therapy areas. • Driving the Annual Operating Plan, Long Range Plan and Rolling Forecast• Work with business teams in aligning business strategies and plans• Ensuring robust management information on business performance• Active role in business development and acceleration strategies like In- licensing deal, collaboration with foreign partners, launch of new division / new products, field force expansion• Working Capital Management – Inventory Management and Credit Control• Pricing – ensuring regulatory compliance, handling NPPA /NLEM matters, ensuring prompt pricing decisions• Costing – setting up standard costs, plant OPEX monitoring, cost audits• Initiating and leading special projects on cost reduction and process improvement. Working with cross functional leadership team.

Education

• Narsee Monjee College of Commerce and Economics

  Bachelor of Commerce (B.Com.), Accounting

  1989 — 1994

• The Institute of Chartered Accountants of India

  Chartered Accountant

  1994 — 1997

• Institute of Cost and Works Accountants of India - ICWAI

  Cost Accountant