Kandarp Parikh

About Kandarp Parikh

Strategic and results-driven finance leader with over 20 + years of experience in financial controllership, planning & analysis, reporting, automation, and governance across global pharmaceutical, energy, and manufacturing sectors.• Global reporting, compliances and accounting• Business finance, budgeting, forecasting• Tax planning, compliances• Comprehensive understanding & knowledge of IFRS and Indian Accounting Standard (Ind AS)• Implementation of ERP systems, automation tools and ensuring controls• Formulate SOPs and establishing processes, streamlining workflow

Experience

1. Senior General Manager

   SUN PHARMA

   Feb 2016 — Present · Mumbai, IN

   Key Accountabilities> Responsible for delivering Group Financial Results (India and overseas) by ensuring compliance of Ind AS, other regulatory requirements.(Revenue ~ Rs crore, 100 subsidiaries)> Implementation of ERP systems like HANA, BPC (Consolidation software) and various automation tools (BOTs, System integration, etc)> Presenting Financial results along with variance analysis to CFO, MD> Forecasting / Estimates and other MIS which provides future outlook and assist in taking key decisions> Statutory compliances including Related party regulations, LODR regulations, Companies Act Compliance, and dealing with internal audit> Effective planning and executing Financial closing process> Formulate SOPs and alignment of policies on various areas like payable processing, master data management, inventory valuations, provisioning policy, etc.> Monitoring of foreign exchange impact, implement hedge accounting for complex derivative transactions> Monitoring of fixed assets, including intangible assets; effective control of fixed assets through tagging of assets> Proactive engagement with auditors (big four auditors) and ensuring no last minute audit surprisesAchievements> Key member in Finance Department Integration between Ranbaxy and Sun Pharma> Effectively reduced reporting timeliness from 45 days to 20 days> Successful transition from IGAAP to Ind AS; Implemented new Ind AS on Revenue Recognition and Leases> Active involvement in structuring deals, mergers, acquisitions with critical inputs for tax, accounting, etc> Identified and streamlined lacunas in critical Compliance issues > Successfully handled Forensic audit, investigations and responses to authorities> Saved Company’s tax outgo by tax planning, ensure FEMA compliance, effective tax credit utilization of GST

Education

• M S University, Baroda

  Bachelor of Commerce (B.Com.), Commerce

  1999 — 2001

• The Institute of Chartered Accountants of India

  CA, Finance, Accounts & Tax

  1999 — 2003

• ACCA

  DipIFR, IFRS

  2008 — 2008

Skills

• Financial Accounting
• Sap R/3
• Management Information Systems (Mis)
• Internal Controls
• Budgets
• Finance
• Cash Flow
• Financial Analysis
• Erp
• Ifrs
• Accounting
• Management
• Tax
• Mis
• Financial Reporting
• Auditing
• Account Reconciliation
• Sap Erp
• Sap
• Accounts Payable
• Managerial Finance
• Team Management