CMA Ashok Kundap,

M.Com, CS(EP), FCMA

ad0zio@r.postjobfree.com,

Mobile No.+91-879**-*****

Key skills:

•Project Finance &

Project Control

•PPP & Financial Modelling

•Commercial & Contract (incl. FIDIC) Management,

•Financial Accounting,

•Project Cost control,

•Budgeting & Forecasting,

•Team Management &

•Liasioning with Govt

•Tax Management

•MS Office (Excel, Word, Power Point, etc), ERP

Qualifications:

•Studying CIMA, UK,

Strategic Case Study Exam (Final exam).

•Qualified:

-CMA, India (ICWA),

-P.G. in Commerce

(M. Com),

-Company Secretary (Exe. Programme),

-IFRS Certificate Course

Personal Details:

Nationality: Indian

Languages known:

•English

•Hindi

•Marathi

Perm. Residence :

Flat No.11, 3rd Floor,

Chaphekar Appt.

509, Narayan Peth,

City- Pune-30

State- Maharashtra,

Country- India.

Year of birth: 1966,

(1) Organisations & post held:

(A) Presently working with:

Egis India Consulting Engineers Pvt Ltd (a group company of Egis group)

-Sr. Financial Advisor (internally General Manager) for Bengaluru Suburban Rail Project, 148 km project with CAPEX INR 157 Billion, further likely to be expanded.

-Dealing with Financial Management including Project Finance, Financial Modelling & Sensitivity Analysis, PPP for RS, Budgeting & Forecasting, Cost Estimates, Fund raising matters with multilateral International Agencies, Taxation, EPC/BoQ Contracts & Billing, Periodic reporting, Working since Dec 2022 @ Bengaluru.

(B) Previously worked with;

1)Ayesa India Pvt Ltd

-Sr. Financial Advisor for Mumbai Metro Rail Projects, Line No. 7 & 2B, 42.2 route km with INR 173.96 Billion CAPEX,

-Dealing with Financial Management including Project Finance, Financial Modelling & Analysis, Cost Control, Budgeting & Forecasting, Fund raising matter with multilateral international Agencies, Taxation, Contracts & Billing. Working Place- Mumbai Period- July 2019 to Nov 2022.

2)Systra MVA Consulting (India) Pvt. Ltd.

-Sr. Financial Advisor (additionally Sr. Contract Expert) for Pune Metro Rail Project,

Scope of 31 route km with INR 120 billion CAPEX.

Financial Management including Project Finance, Financial Modelling, Taxation, EPC Contracts & billing, Budgeting & forecasting, Periodic reporting. Working Place- Pune, Feb.2018 to Jul 2019.

3)Management Accounting Research Foundation (A not for profit company promoted by

Institute of Cost Accountants of India (Earlier known as ICWAI)

-Project Consultant for Performance Costing Project (an advanced version of Activity Based Costing) for Indian Railways. Designing & Development of Costing system for the Indian Railways organisation.

Working place-New Delhi (March 2017- Feb 2018 contract basis)

4)Accenture Services Private Limited.

– General Accounting Operations Specialist, working for an US based FMCG client

in area of Innovation Costing – Working Place- Mumbai (July 2016 – Nov 2016)

5)AMB & Company (A big firm of Chartered Accountants, having four partners)

– Manager (Accounts & Taxation) working for various clients of the firm in areas of:

Accounting, Direct and Indirect Taxes, Detailed Project Reports for bank loans, Duty drawback,

Working Place- HQ at Pune & various locations of clients. (Jan 2012 - Aug 2015)

6)Indian Railways: (Sept 1990 to July 2011)

– Chief Office Superintendent (Commercial & Contract Management) (Oct 2003-July 2011).

Dealt with Tendering, Contract Bills & reconciliation, Financial Management, Monthly

Progress Reporting, Negotiations, Arbitration and Court Cases.

– Office Superintended (P.Way Depot ) (Aug. 2001 to Oct 2003).

Project accounting, Preparation of Assets Register, Contract Bills, Payrolls, Scrap disposal procedure,

etc

– Office Superintendent-II (Budgets): (June 1996 to Aug 2001),

Dealt with Forecasting & Budgeting, Fund Allocation, etc. (Bhusawal Division)

-Junior Executive/ Associate level: (Sept 1990 to June 1996)

Assist in Contract Management, Budgeting, Liasioning with Labour Enforcement

Commissioner office, Operations Reporting, etc. (Bhusawal Division).

(2) Awards : Divisional Award at twice and once Zonal Award for outstanding performance.

(3) Membership:

A Fellow member of the Institute of Cost Accountants of India. Earlier it was known as ICWAI.

: Curriculum Vitae :

Resume for suitable post for Project Financial Management, Commercial & Contract Management, Cost Control, Forecasting & Budgeting, Financial Reporting, Financial Modelling and Business Plan

From: CMA Ashok Kundap,

Mobile No. +91-879**-***** Email: ad0zio@r.postjobfree.com, ad0zio@r.postjobfree.com,

AIM: Seeking for a role preferably strategic role, with an organisation, where I can deliver & share my skills, knowledge & experience at the best, to contribute in development of the organisation & payback to it’s stakeholders too, keeping pace with globalised & dynamic business world.

(I) : Academic credentials :

-Pursuing CIMA Strategic Case Study Exam (Final Exam) & being attempted in Nov 2023 session.

-Qualified the CMA exam. held by the Institute of Cost Accountants of India in 2013 . (Earlier it was known as ICWAI). Members of this Institute are recognised at par with the members of the IPA Australia, IMA USA.

-Completed IFRS Certification course at Pune from ConsultIFRS, Mumbai during Oct. 2012.

-Passed Executive Programme Exam of Institute of Company Secretaries of India(ICSI) held in Dec.2010 session.

-Passed Master of Commerce exam. from University of Pune in May 1990 session. (It is 10+2+5+2 yrs. education)

-(Subjects- Fin. Management, Statistic & Operation Research, Advanced Costing, Management Accounting, etc.)

-

(II) Professional Exposure with key responsibilities.

(A) Sr. Financial Advisor with Egis Consulting Engineers India Pvt Ltd (Since Dec 2022)

Working for Rail Infrastructure Development Company (Karnataka) Limited (K-RIDE), Bengaluru on Bengaluru Suburban Rail project. It is total 148 km project with estimated total CAPEX of INR 157.67 Billion. www.KRIDE.in

(i) Sr. Financial Advisor ( Level K-2): General Manager level position Reporting to: Director Finance, KRIDE

& Project Director

(a) Project Finance, cost control & project accounting:

Assist to Client, K-RIDE preparation & monitoring of Project Finance Plan, Assistance for correspondence with funding agencies, EIB & KfW.

Preparation of Financial Modelling with sensitivity analysis. Project Life Cycle costing and Income forecast statement.

Critical review of Detailed Project Report. Ascertain FIRR & EIRR with DCF, sensitivity analysis.

Preparation of Costing of the project as well as various packages.

Budgeting & monitoring of variances.

Review of tender documents with respect to Finding agencies norms & Evaluation of bids.

Assessing impact on loan amount in INR term due to exchange rate fluctuation.

Preparation of Project Financial Statements as per requirement of funding agencies.

Coordinate with Project Finance audit matters.

Fin. Management & Internal Control Risk Assessment & risk mitigation plan.

Physical progress & financial progress,

Dealt with Project finance audit

(b) Taxation: Advisory for Taxes issues; Custom duties, GST, Income Tax, etc. Assisting in tax saving avenues to minimise project cost.

Advisory & assist in getting Custom duty exemption for system contracts.

(c) Revenue && Risk Assessment: Financial Analysis of future Cash Flow & Fund flow using FIRR & EIRR & sensitivity tests.

Revenue enhancement strategies including Non Fare Box Revenue Strategy,

(d) Contracts/procurement (EPC/BoQ).

Evaluation of variation proposals/tenders including multicurrency contracts. Some of them were FIDIC/funding agencies policy.

Examine various documents & agreement submitted with tenders like JV Agreements, consortium Agreements, Insurance policies, performance security (Bank Guarantee) etc

Tender evaluation, FIDIC, Indian Contract Act (Elevated/metro rail route, Stations, DDC, Services, etc)

(A) Sr. Financial Advisor with Ayesa India Pvt Ltd (July 2019-Nov 2022)

Worked for Mumbai Metropolitan Region Development Authority Metro Rail Project. It is total 42.20 km (Line 7 & 2B) project with estimated total CAPEX of INR 173.96 Billion. www.mmrda.com

(i) Sr. Financial Advisor ( Level K-2): Reporting to Project Director GC

(a) Project Finance,:

Assist to Client, MMRDA in preparation & monitoring of Project Finance Plan, Assistance for correspondence with funding agencies, Like ADB, NDB, AIIB, KfW, JICA.

Budgeting & Forecasting Review of costing of various packages,

Review of tender documents with respect to Finding agencies norms & Evaluation of bids.

Assessing impact on loan amount in INR term due to exchange rate fluctuation.

Preparation of Project Financial Statements as per requirement of funding agencies.

Coordinate with Project Finance audit matters.

Fin. Management & Internal Control Risk Assessment & risk mitigation plan.

Assist in reconciliation of physical progress & financial progress.

Assist in periodic reporting to funding agencies.

(b) Taxation: Advisory for Taxes issues; Custom duties, GST, Income Tax, etc. Assisting in tax saving avenues to minimise project cost.

Advisory & assist in getting Custom duty exemption for system contracts.

(c) Revenue && Risk Assessment: Financial Analysis of future Cash Flow & Fund flow using FIRR & EIRR & sensitivity tests.

Revenue enhancement strategies including Non Fare Box Revenues.

(d) Contracts (EPC) & Cost Control

Evaluation of variation proposals/tenders including multicurrency contracts. Some of them were FIDIC/funding agencies policy.

Examine various documents & agreement submitted with tenders like JV Agreements, consortium Agreements, Insurance policies, performance security (Bank Guarantee) etc

Tender evaluation as per Funding Agencies’ procurement guidelines, FIDIC, Indian Contract Act (Elevated/metro rail route, Stations, DDC, etc)

(e) Compliances:

•Preparation of Project Financial Statements for CAG Audit & attend audit queries. Coordination with Auditors.

•Assist client in MMRDA for correspondence to various central ministries of India, like MoHUA, FINMIN(DoE), CAA&A, etc.

•Preparation of disbursement claims to be received from ADB & NDB.

•Preparation of remarks for TPRM with funding agencies.

•Provide information for NIP, Make in India, etc.

(B) Sr. Financial Advisor (Additional charge of Sr. Contract Expert ) with Systra MVA Consulting (India) Pvt Ltd. (Feb. 2018-July 2019)

Worked for Pune Metro Rail Project. It was 31km project with estimated CAPEX of INR 114 Billion.

(i) Sr. Financial Advisor : Reporting to Chief Financial Advisor, Project Director

Assist to Chief Financial Advisor in Tender evaluation as per Funding Agencies’ procurement guidelines, FIDIC, Indian Contract Act Economic & Financial evaluation of project. (Elevated/Underground metro rail route, Stations, DDC, etc)

Periodic Budgeting & Cost Control measures & monitoring. Project Costing with

Financial Modelling for revenue projection, Fare Fixation strategy, non-fare box revenue enhancement strategy, using FIRR, EIRR & sensitivity analysis.

Financial Analysis, Cash Flow & Fund flow projection, Source of funds, Funds allocation & utilisation analysis for period of 30 yrs.

Payment certification/confirmation of Contractual Bills. (Underground, Viaduct, Systems, DDC, etc )

Examination of variation proposals & it’s financial impact.

Examine various agreements submitted with tenders like JV Agreements, consortium Agreements, etc

Vendors’/Contractors’ Risk profile (Financial & Technical) assessment

(ii) Sr. Contract Expert (additional charge) EPC & BoQ Contracts: Reporting to Chief Contract Expert, Project Director.

•Get tendering documents prepared by sub-ordinate staff. Examine it’s intactness of BoQ, General Conditions, Special Conditions.

•Ensure due documents of tenders as per norms of various funding agencies, like European Investment Bank, AFD, etc).

•Examine Pre-bid Queries, assist Chief Contract Expert in making reply to pre-bid queries.

•Preparation preliminaries for Technical evaluation & Financial Evaluation of Tenders/Bids received.

•Deliberation on issues post award of tender on need basis.

•Ensure to upload tenders as per timeline.

•Develop Quality System Procedure for : Contract Management, Contractual Claims Management, Contractual Billing Process.

(C) Consultant for a project of Activity Based Costing on Indian Railways, with ICWAI-Management

Accountant Research Foundation (MARF) (Sec. 25 company) www.icwaimarf.org, since March 2017 to Feb. 2018.

Project Consultant for Activity Based Costing on Indian Railways:

Responsibilities: Performance Costing (similar to Activity Based Costing-ABC System) for the Indian Railways.

Undertake study of functional & operational structure of Indian Railways,

Study the present basis of allocations (1400+ in nos.) & apportionment of expenses. Suggest suitable costing system.

Identify Activity Pool & related activities, Cost Centres, Cost drivers, etc

Find out various costs like direct cost, joint cost, etc. Segregate them in various manner.

Study the present basis of allocations (1400+ in nos.) & apportionment of expenses.

Linking of activities, cost drivers to cost centres in systematic manner.

Linking of activities, cost drivers to cost centres in systematic manner w.r.to various activities, Services.

Scope of work ;

Indian Railways’ objective was to have an IT based online information system with different access levels for categories of users to provide information about various costs in key performance areas viz. construction, augmentation, operations and maintenance.

The system in place will have the capability to;

a)Measure performance of each activity/line of business and line of service.

b)Assess costs, revenue & profitability of each of the following:

i)Passenger and freight traffic [for each class and each commodity]

ii)Train, section, gauge, traction, route, etc. including sub-urban trains, EMUs, special trains, tourists/luxury trains etc.

iii)Production units, service units, utilities etc.

iv)Zones, Divisions, Field Units etc

v)Locomotives, coach, wagons etc.

vi)Rail accidents & other abnormalities

In brief, it was design and development of Activity Based Costing System for various Lines of Business and Lines of Service of the Indian Railways, for annual turnover of INR 1700+ Billion (as per FY2016).

(D) General Accounting Ops. Specialist Accenture Services Private Limited (July 2016 to Nov. 2016)

General Accounting Ops Specialist for Innovation Costing:

Ascertainment of cost (US$ and Canadian $) of per cartoon, per pack, per box, per gram, per ounce of various innovative products of an US based FMCG Global manufacturer for US & Canada located various plants & operations.

Innovation Costing: Reporting to Associate Manager

Examine production formula, Review material & packing ingredients.

Arrange review calls with Plant & relate personnel. Discuss with them for the changes in plant matrix, or other related data.

Prepare costing for innovative projects for decisions relating to price fixation.

The cost includes Material Cost, Labour Cost, Various Overheads, of various products, per packing case of different sizes, per kg, per gram, per & per ounce.

Variance analysis in case of change in production formula, packing pattern, etc.

Preparation Product Life Cycle Income Statements.

(E) Manager (Accounts & Taxation) AMB & Company (Jan 2012 to Aug 2015)

Manager (Accounts & Taxation) in AMB & co, Pune, a Big size CA’s firm of 4 partners, Pune. www.ambco.in Reporting to CA Arvind Khandelwar Worked for various private clients in following areas:

Finalisation of Accounts under GAAP & Accounting Standards, preparation of financial statements, Ledger Scrutiny. BRS.

Advisory for Ledger Maintenance, Accounting entries, SoP Financial Audit, Concurrent Audits.

Implement / Improvement in Costing system, Maintenance of Cost Records,

Tax computation liability keeping view of various credits as applicable, Periodic Return Filing of :

Income Tax,

Indirect Taxes (VAT, Central Excise, Service Tax, Customs Act, including CENVAT, Computation of tax liabilities,

oPayment advise, filing of returns, Preparation appeals draft for notices under Income Tax, Service Tax, Excise.

Appeal to notices received from Tax Authorities (Income Tax, Service Tax, Excise, VAT),

Interaction with tax authorities for appeal cases.

Handled Duty drawback cases under Customs Act, Refund cases under other taxes.

Project Report: Based on demand analysis, Capital budgeting, Revenue Analysis, Tax structure, etc.

Capital Structuring & cost of capital.

Assist in matter of formation of company under Companies Act 1956 & Registrar of Companies issues.

(F) Chief Office Superintendent – Commercial Management Indian Railways (Oct. 2003 to July 2011)

Chief Office Superintendent (Commercial and Contract Management) Reporting to Sr.DEN (Co-ordination)*

(i) Contract Management of Engineering Projects/works:

Handled different enquiries related to contract/tender procedure & process.

Preparation of Technical Schedule of work/project

Compilation of General Conditions of Contract & Special Conditions of Contract depending upon nature of work.

Tenders Evaluation & Finalisation matters.

Arrange Negotiations with tenderers/Bidders on need basis.

Execution of Contract documents as per SoP.

Vendor Management & Liaising.

Contractors Risk profile (Financial & Technical) assessment

Vendor Management & Liaising.

(ii) Contract Bills & Accounting:

Accounting Processing of Bills submitted by contractors, with reference to Measurement Book (Dept. work done register),

quantity as per schedule (BoQ) & rates as applicable. Ensure availability of funds for project/works .

Monitoring of physical progress & financial progress of project/work.

Evaluate variation statements & variance analysis. Measures to control cost on need basis. Monitoring Physical & Financial

progress.

Cash flow requirement/ Outflow planning & mitigation strategy.

Submission periodic reports to HQ office.

Bank Guarantees/PG extension /encashment within its validity.

Bills Payable & ensure due TDS, WCT deductions.

Reply to Internal Audit points/queries.

(iii) Arbitration & Court Cases:

Drafting & filing of reply with supporting documents /annexure,

Preparation of counter claims as necessary,

Attend arbitration meeting

Co-ordination with Railway Advocate to deal with cases pending with High Court.

*Note - The term Superintendent is the post at par with Manager

(G) Office Superintendent (Gr.II ) Indian Railways (Aug.2001 to Oct 2003)

Office Superintendent (P. Way project ):

Project accounting & Fund flow forecasting

preparation of Contractual billing & related correspondence,

Maintenance of Asset Registers,

Initiate contractual billing of track works.

Budgeting & Cost Control Measures for project.

Monitor Financial progress with allocation.

Variation proposal examination & processing.

Payroll 260+ staff,

Railway track material & fittings procurement as per Railway's SoP

Staff Welfare Amenities & Matters.

Other miscellaneous works

(H) Office Superintendent Gr.II ( Budgets ) Indian Railways (June 1996 to August 2001)

Office Superintendent (Budgets) :

Divisional Budgeting (one of the 66 divisions of Indian Railways).

Examination of various requirements form various Divisional Heads of various departments to formulate Budget requirements under various demands (There were 16 types demands, out of which 3 to 16 were dealt at Divisional level) Get it sanction by Divisional Head for onward submission to HQ office.

Forecast need of funds under various demands.

Prepare Annual Budget for next year at Divisional level & subsequently put up the same to Sr. Management for review & approval. The budget includes Revenue & Capital demands.

Upon approval, submission to HQ office for further process to include in annual budget of Indian Railways.

Analysis Budgeted & Actual Expenditure under various demands & heads for the current year.

Review of justification for variances with factual conditions, received from concerned department & submission to Sr. Management for further plan of action.

Modifications in any on need basis & onward submission to HQ office.

Ensure releasing of funds as per allocation & heads with respect to work of various departments like Civil, Electrical, Mechanical, Medical, Signal & Telecom, etc.

Periodic review with branch heads.

(I) Clerical levels Indian Railways (Sept 1990 to May 1996)

Supportive role to Seniors Contract Management, Budgeting, Liasioning with Labour Enforcement Commissioner office, Operations Reporting, etc.

(III) Awards received

Following awards are received for outstanding performance

Divisional Railway Manager(DRM)^ award in 1999 (Division level award)

Divisional Railway Manager award in 2007 (Division level award)

Principal Chief Engineer (PCE)# award in 2008 (Zone level award)

(IV) PERSONAL VITAE

Name

:

Ashok Laxman Kundap

Sex

:

Male

Marital Status

:

Married

Father’s Name

:

Laxman Narayan Kundap

Home address

:

Flat No.11, Chaphekar Apartments, 509, Narayan Peth,

Pune – 411030

Contact details

:

ad0zio@r.postjobfree.com

ad0zio@r.postjobfree.com

Mobile - +91-879**-*****.

Date of Birth

:

22nd Nov. 1966

Languages known

:

English, Hindi and Marathi.

Modus-operandi

:

Observance of Kaizen as possible, adaption of new technologies, &

acceptance to due changes in line with dynamic situations.

Present CTC

:

It will be communicated when desired by interviewer please.

Expected Salary

:

Negotiable depends on role, responsibilities & location.

Relocation

:

Ready to relocate at job location.

Passport status

:

Indian Passport valid till 2024

Notice period

:

One Month to Two months.

Thanking you Sir/Madam, for sparing your valuable time to review the resume.

Your Sincerely,

(Ashok Kundap)

Resume

Project Finance & Commercial Management Professional with 30 years’ multidimensional experience across sectors specially Railways & Metro Rails & Private Companies including MNCs, for Government and private clients, in field of Financial Management & Accounting, Project Fund raising, Financial Modelling & PPP Projects, Life Cycle Costing, Activity Based Costing, Taxation, Commercial and EPC,BoQ Contracts, Budgeting & forecasting,

Contact this candidate