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Waman Shete

CHIEF FINANCIAL OFFICER

CHIEF FINANCIAL OFFICER
Turning Impossible Situations into Inspiring Successes | Positioning Businesses for Sustainable Growth | Motivating Teams

Game-changing financial executive with more than 25+ years of experience and an impressive track record of implementing high-impact growth strategies, robust internal controls, and efficient reporting systems. Respected for maximizing profits with ethics and integrity. Relentless in exceeding ambitious financial goals while minimizing expenses and bottlenecks. Expert in training, leading, and coaching top-performing accounting teams.

Work Experience

  • 2011 - 2020
    Aeroflex Industries Limited ,Mumbai ,Maharashtra,India
    Chief Financial officer
    World’s Largest Stainless Steel Hose & Hose Assemblies Manufacturing Company.
    Key Responsibilities
     Closely collaborates with the Company CEO to guide Aeroflex through its planned growth initiative and targeted profitability,
     Mentored the Finance, Stores and Planning Team of 20 Members,
     Accountable for the finalization of monthly, quarterly and year end Statements in Compliance with
    Indian Accounting Standard (INDAS) and as per IFRS for consolidation requirement of group,
     Preparing Corporate Reports such as Budget vs. MRF vs. Actuals, Monthly Flash etc.
     Maintaining EBIDTA margin, WCR and FCF with tight control over Inventory, Debtors and payable,
     Ensuring compliance of Income tax and indirect taxes, FEMA, RBI and other regulatory bodies and proper assessment as per Statutory Acts,
     Ensuring the effective utilization of Credit Lines over INR 550 Mn,
     Spearheading the entire accounts and finance of a Company including the administration, financial
    and risk management operations of the company,
     Ascertaining the General Insurance requirements related to factory, office, products, credits,
     Handling Annual renewals of WCL, New corporate finance requirements, Cash managements, Forex
    managements for import purchases, Payment of FCTL,
     Carrying out Risk & Variance Analysis and Working Capital facilities for Plant,
     Working for achievements of Annual Revenue Assurance Plan committed to Top Management and
    Stakeholders,
     Implement the Cost Reduction systems to control procurement pricing and all expenditures,
     Rating agencies /credit rating coordination.
  • 2008 - 2011
    A Infrastructure Limited (Kanoria Group of Industries ,New Delhi) Aurangabad ,Maharashtra,India
    Senior Manager ( Accounts & Finance)
    A Company engaged in the business of Manufacturing of Cement asbestos Sheets & Pipes for various projects in India. The company is well known in its field.
    Worked as an Accounts & Finance Head of units of the group at factory location.
    Key Responsibilities:
     Ensured financial accounting and audits as per accounting standards, forecasting, MIS and monthly reporting, variance Analysis and to provide adequate explanation for monthly, quarterly and yearly analysis,
     Direct taxes matters of the Company starting from tax planning to appeal proceedings.
     Sales tax matters of the Company (works contracts as well as normal sales). Taxation matters relating to project
    Contracts.
  • 2007 - 2008
    APT Packaging Limited, Aurangabad ,Maharshatra,India
    Manager ( Accounts & Finance)
    The Company is into the business of manufacture and sale of Plastic extruded tubes used in cosmetic ,pharmaceutical
    industry. The Company is leader in the country in several of its product line.
    Spearheaded the overall departmental head of the accounts and finance section of the factory unit,
    Key Responsibilities:
     Controlled the overall work of subheads personnel’s of different sections in accounts and finance section,
     Planned for funds and disposal payments of various capital, revenue expenditure, bill discounting,
    ILC/FLC's and submission of quarterly statements with banks & papers with bankers
     Assisted in capital budgeting decision including preparation of project report for expansion of unit an submission and compliance with bankers for disbursement of term loan and its relevant utilization.

Education

  • 1986 - 1996
    The Institute of Chartered Accountants of India, New Delhi ,India
    C.A.

Skills

  • • Business Strategy
  • • Team Management
  • • Business Analysis
  • • Financial Analysis • Accounting • Corporate Finance
  • • Financial Restructuring
  • • Forecasting
  • • Financial Audit
  • • Vendor Management
  • • Business Transformation
  • • Cash Management
  • • Financial Statements
  • • Human Resource
  • • Financial Management
  • • Credit & Risk Management
  • • GST & Customs Compliances
  • • Business Planning
  • • Operations Management
  • • Financial Reporting
  • • Internal Audit
  • • Income Tax
  • • Pricing Strategy
  • • IFRS & GAAP
  • • Working with Investors
  • • P & L Management & Ownership
  • • Management Information System
  • • Business Process Improvement
  • • Budgeting
  • • Analytical Skills
  • • Strategic Financial Planning
  • • Variance Analysis
  • • Statutory Compliances
  • • Internal Control
  • • Cross Functional Team Leadership
  • • Revenue Assurance
  • • Cost Reduction

Personal Details

  • Sex: Male
  • Marital Status: Married
  • Religion: Hindu
  • Nationality: Indian
  • Date of Birth: 15/07/1964

References

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