Ashwin Modi

Chartered Accountant with 7+ years in financial planning and analysis, currently responsible for a USD 400M P&L at a multinational pharmaceutical company. Comfortable sitting at the intersection of business, finance, and senior leadership — turning numbers into decisions through clear reporting and rigorous analysis of budgets and forecasts. Enjoys digging into the "why" behind the numbers, building financial models that hold up under scrutiny, and presenting findings in a way that lands with senior stakeholders, even when priorities shift quickly.

Manager – Finance, FP&A - Glenmark Pharmaceuticals Ltd. (US Business Vertical) - Mumbai, India

(2024-07)

• Led end-to-end financial planning, forecasting, and analytics for a USD 400M business unit P&L, directing the annual budget, long-range plan, and quarterly/monthly rolling forecast cycles to align multi-year financial strategy with commercial priorities.
• Served as primary liaison and business partner between commercial leadership, functional finance, and lines of business, preparing business scorecards and executive presentation decks that translate integrated P&L, cash flow, EBITDA bridges, and forecast variances into concise, decision-ready insights for senior management and the Operating and Executive Committees.
• Evaluated new business initiatives and capex proposals using capital budgeting techniques, including IRR and NPV analysis, to support investment decision-making for senior management.
• Key Achievement: Conducted a deep-dive, root-cause analysis on a USD 22M contract-pricing penalty claim from a major distribution partner, proposing and implementing a contract-level modeling solution that reduced the liability by 95% to USD 1M.
• Built and maintained recurring and ad-hoc financial models — including AI-assisted reconciliation between management and statutory reporting and a 5-year financial database — to support ad-hoc analysis and special project requests from senior stakeholders.

Assistant Manager – Finance, FP&A - Glenmark Pharmaceuticals Ltd. (US Business Vertical) - Mumbai, India

(2022-09 - 2024-06)

• Managed annual budget and quarterly/monthly rolling forecast cycles for a USD 400M business unit, preparing monthly senior management presentations (P&L, cash flow, EBITDA bridges) with variance commentary across revenue, gross margin, and operating expenses.
• Ran deep-dive analyses across customer segments and product lines to pinpoint the root cause of performance variances and recommend fixes; built strategy decks and annual business review presentations with scenario analysis and forward-looking narratives.
• Analyzed inventory across SKUs and distribution channels to monitor stock positions, flag slow-moving items, and support working capital optimization.
• Worked with business stakeholders and functional finance teams to reconcile management and statutory financial reporting, and supported transfer pricing documentation and standardized SAP BPC planning templates.

Internal Auditor (Semi-Qualified CA) - Baker Tilly DHC - Mumbai, India

(2020 - 2022)

• Performed internal audits and risk assessments for mutual fund clients to ensure adherence to SEBI regulatory frameworks, identifying control gaps through process reviews and testing and recommending remediation to strengthen the control environment.

Early Career – FP&A Trainee & Internal Audit - Future Group (Group CFO's Office) & TR Chadha & Co LLP - Mumbai, India

(2017 - 2020)

• Supported pricing analysis, store-level profitability tracking, and competitive benchmarking for a new business segment launch at Future Group; identified revenue leakages and designed SOPs to strengthen internal financial controls at TR Chadha & Co LLP.

Chartered Accountant (CA) - Institute of Chartered Accountants of India (ICAI) (2022-05)

Bachelor of Commerce (B.Com) - Financial Markets - Thakur College of Science & Commerce, Mumbai (2014 - 2017)