SANJAY KUMAR A CHAVDA

: ad0mz4@r.postjobfree.com : +91-987*******

Core Competencies

Finalization/Pre. of Financial statement

Financial Monitoring, Control, Reporting

Financial Policy & Procedure Implementation

Internal Control & Compliance

Accounts payable and AR controlling

Budgeting & Business Forecasting

Treasury & Cash Flow Management

Costing and Variance Analysis, Product mix,

Yield analysis, cost sheet,

Payroll Processing

Statutory / Internal Audit

Tax Assessment & Planning

Fund Raising, Investor Relations

Cost Reduction Initiatives

Account Reconciliation

Liaison & Coordination

Team Management & Leadership

Soft Skills

Education

2022: ACMA CGMA, CIMA, UK

2019: Diploma IFRS, ACCA UK

2007: ICWA (FCMA), The Institute of Cost &

Works Accountant of India, Calcutta

1995: Master of Commerce, Saurashtra

University, Gujarat- 51%

1990: Bachelor of Commerce, Saurashtra

University, Gujarat- 60%

Certifications

Pursuing SAP S/4 HANA FINANCE 2020

SAP FICO Consultant Training for six-month

Financial Modelling Course, CA Club India

2019: GST certification & Audit, CA club India

– Mr. Bimal Jain

2020: GST Advance Certification, ICWAI

Member of National board of Accountant

Tanzania till 2020

Technical Skills

Microsoft Excel, Word, PowerPoint

SAP ECC 6 and SAP S4 HANA

Tally ERP 9 and gold version

Profile Summary

Leveraging 31 years of experience in managing overall finance & accounts, costing function across manufacturing of auto spare, oil and gas, ceramic, trading FMCG (Sugar), Service industries

Acted as a Trusted Advisor, provided financial advisory on financial structures, in key decision making processes by providing value added suggestions & shortcomings aimed at optimizing business process, implementing efficient controls and augmenting profits

Formulated new policies & procedures, driving business growth & long-term expansion plans, due diligence, cost reduction initiatives through proper control, process & efficiency improvements and new system implementation

Developed business strategies, led financial, budgeting, business forecasting to help short-term and long-term planning of the organization

Led Accounts & Finance Department, ensured smooth running of Accounts Payable & Accounts Receivable Dept. and efficient processing (finalization of accounts and preparation of financial statements) of company’s receivables & payables

Carried out the treasury management functions including managing organization’s financial resources, including cash, investments, and risk exposures, to ensure the achievement of its financial goals

Facilitated internal financial control and ensured compliance with legal, statutory and regulatory requirements

Examined variances between actual and forecasted numbers (actuals vs. forecast, period-over-period actuals) along with providing an insight on the variances

Reviewed and analysed the MIS / financial reports covering revenue reporting, profit & loss, cash flows along with variance explanations

Distributed reports to/from investors; maintained relationship with the Banks & Financial Institutions for raising funds, also maintained investor relations

Presented a true and fair view of financial position by ensuring timely preparation of reports & statements, evaluated them for facilitating decision- making process

Managed large teams by setting inspirational goals; defined KPIs & metrics for the team and ensured achievement of the goals

Career Timeline

Jul’21 – Nov’21

DIGJAM Limited, Gujarat as DGM Accounts and Finance Jun’16 – Feb’21

Zanzibar Sugar Factory Ltd., Zanzibar, Tanzania (East Africa) Finance Controller

Dec’11 – Sep’15

Quality Group Limited, Dar Es Salaam, Tanzania (East Africa) Finance Controller

Detail Oriented

Analytical

Problem Solving

Jul’1991- Jun’1997

Shri Natraj Ceramics & Chemical Industries Ltd. as Account Assistant Critical Thinking

Jan’22 – Jul’23

BPO Plus LCC, Muscat, Oman as Finance Controller

Jul’1997 – Jun’10

Reliance Industries limited, Refinery Division, Gujarat Manager Accounts & Finance, Costing

Jul’10 – Nov’11

Mahindra Gears and Transmission Pvt. Limited, Gujarat Manager Accounts & Finance, Costing

Strong record of contributions across diverse financial /Accounts and costing practices, managing sensitive information, adhering to financial procedures; steering businesses in the right strategic direction, solving problems, and implementing change along with reporting on financial performance of a company, targeting assignments as Costing Head, CFO, Finance Controller, Finance Head- India as well as abroad.

Professional Experience

BPO Plus LCC., Muscat, Oman as Finance Controller Jan’22 – Jul’23

Key Result Areas:

Led a team of 3 staff members, overseeing day-to-day accounting operations across various divisions, including business process outsourcing, landscaping, aviation equipment supply, and oil and gas trading

Delivered finance leadership & direction, rolled out policies and procedures to enhance internal controls, maintaining and monitoring business records, and providing financial information for internal review, performance measurement, and audits

Analyzed key performance indicators including all areas of revenue, monthly profit & loss cash flows, reviewed MIS along with variance explanations (budget vs. actual vs. previous period)

Finalized budgets and conducted analysis to determine difference between projected figures & actual expenditure

Prepared financial reports that summarize & forecast the organization's financial position on maximizing profits and leading to better cash flow management

Liaised with banks for meeting the financials requirements like credit facilities renewal, short term loans, bank guarantees etc.

Managed payroll processing, ensured timely payment of salaries and employee settlements; resolved & rectified payroll discrepancies and ensuring compliance with company’s policies and regulatory requirements, suggested payroll best practices and contributing to process improvement

Ensured timely taxation payment and compliance, finalized medical insurance for outsourced manpower team, and collaborated with internal and external auditors for audits and risk reviews

Reviewed financial performance of other group companies, offering recommendations for improvement, drove financial controllership, provided leadership support, managed risk and also, mitigated the same

DIGJAM Ltd., Jamnagar, Gujarat, India as DGM Accounts and Finance Jul’21 – Nov’21

Key Result Areas:

Rendered assistance in internal audit & statutory audit, analyzed quarterly and annual financial statement

Managed and resolved income Tax and GST related matter including filling of return with consultation of Consultant

Analyzed costing reports including company profit, contribution analysis and costing related information

Developed fund plans based on the project completion, raising funds for the projects, maintained relationship with banks and NBFCs for raising funds, also maintained investor relations

Formulated the annual planning and budgetary process in liaison with the Senior Management and finalized annual budgets (CAPEX)

Zanzibar Sugar Factory Ltd., Zanzibar, Tanzania (East Africa) as Finance Controller Jun’16 – Feb’21

Key Result Areas:

Prepared and analyzed financial statements, internal audits, and costing reports that summarize & forecast the organization's financial position on maximizing profits and leading to better cash flow management

Analyzed key performance indicators including all areas of revenue, monthly profit & loss cash flows, reviewed MIS along with variance explanations (budget vs. actual vs. previous period)

Managed relationships with government agencies, handling income tax, VAT, and social security fund matters

Led the HR department in financial matters and conducting annual cash flow planning

Implemented cost reduction plans and improved internal controls, resulting in increased efficiency and profitability

Analyzed cost for season and cultivation for sugar cane

Handled all the company Affairs like dealing with Registrar of companies, share certificate and issue process, return to ROC

Preparation Group Financial and Management accounts

Preparation of project finance data and coordination with bank

Short Term fund raising and long term loan processing data.

Dealing with statutory auditor and internal audits.

Preparation and analysed costing of cultivated sugar cane and analysis of yield.

Discuss and advise for time limit for operation and crushing of cane for sugar production

Manpower analysis for cost reduction measuring

Inventory monitoring and analysis for capital blocked in inventory and advise to management.

Quality Group Ltd., Dar Es Salaam, Tanzania (East Africa) as Finance Controller Dec’11 – Sep’15

Prepared and reviewed financial statements and tax accounts, ensured compliance with regulations

Managed internal and statutory audits, maintaining accurate costing reports and financial information

Collaborated with banks for financial transactions and maintaining strong relationships

Played a key role in financial decision-making and provided valuable insights for business growth

Preparation of project finance data and coordination with bank

Short Term fund raising and long term loan processing data.

Dealing with statutory auditor and internal audits.

Managed relationships with government agencies, handling income tax, VAT, and social security fund matter

Mahindra Gears and Transmission Pvt. Ltd., Rajkot, Gujarat, India as Manager Accounts & Finance, Costing Jul’10 – Nov’11

Preparing Financial statement

Handling of Internal Audit & Statutory Audit with tax audit report. Dealing with statutory auditor for statutory audit.

Dealing with Income Tax matters like assessment etc.

Dealing with Company affairs matters like return of ROC.

Establish standard costs and update them as appropriate

Maintain and review the general ledger, customer ledger, vendor with follow up.

MIS Report and other monthly report

Fund planning and cash flow

Dealing with bank for financial transaction.

Classify costs accurately, Costing Reports, Review Product wise plant wise EBIT, provide costing inputs to define the product pricing, BOM, product costing etc.

Tracking Loss making Product In order to ensure the product profitability

Routinely compared estimated costs to actual output costs

Classify costs accurately

Product MIS analysis and contribution report.

Prepare comprehensive analysis for variance and its root cause.

Key contribution to annual budget process working with various department to review historical trend, activity and obligation.

Monthly costing run in SAP Controlling

Analysis of scrap and variance.

Reliance Industries Ltd., Refinery Division, Jamnagar, Gujarat, India Jul’1997 - Jun’10

Preparing Financial statement

Handling of Internal Audit & Statutory Audit with tax audit report. Dealing with statutory auditor for statutory audit.

Dealing with Income Tax matters like assessment etc.

Dealing with Company affairs matters like return of ROC.

Establish standard costs and update them as appropriate

Maintain and review the general ledger, customer ledger, vendor with follow up.

MIS Report and other monthly report

Fund planning and cash flow

Dealing with bank for financial transaction.

Shri Natraj Ceramics & Chemical Industries Ltd. Jamnagar, Gujarat Dalmia Group Companies, Jamnagar, Gujarat, India Jul’1991- Jun’1997

Accounts Assistant

Cash Payment and Bank payment. customer follow up, vendor payment, other data reconciliation.

Ledger posting, supplier bills passing, Customer Ageing

Draft Financial statement, Bank Credit facilities data,

Stock statement, assist to maintain ledger and voucher.

Inventory reconciliation

Personal Details

Date of Birth: 5th December, 1970

Languages Known: English, Hindi, Kiswahili

Address: Sanjay Kumar A Chavda, Shyam Apartment, First Floor, Opp. D J Hostel, Near Panchayat Hospital, Nana Bazar Vallabh Vidyanagar (Anand) Gujarat - 388120

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