Manager Financial

NIDHI GUPTA

E-Mail: *****.******@*****.***

Mobile: +91-995*******, 858-***-****

Career Objective: Soliciting Senior level assignments in Accounts & Finance, Commercial,

Taxation, Business Planning and Statutory Compliances

Executive Summary

Accounts professional with more than 16 years of experience in the areas of Corporate Finance, Planning, Budgeting, MIS, Pricing, Taxation, Auditing, Commercial Operations and Fund Management.

A strategic planner with expertise in analyzing existing systems & procedures, preparing business plans, designing internal control systems and facilitating effective decision-making.

Well versed with all aspects of Financial Accounting entailing finalization of accounts, interaction with statutory & internal auditors / banks, preparation of cost records, budgeting and monthly MIS.

Extensive experience in charting out strategies and contributing towards achievement of organization objectives

Expertise in Taxation, Statutory Acts and interfacing with government bodies like Income tax, PF, ESI,RBI, ROC, Banks, etc.

An effective communicator with good relationship management as well as problem solving skills.

Demonstrated abilities in completing assignments within time budgets and calendar schedules.

Key Experience:

Strategic Management / New Initiatives

Heading finance functions involving designing & implementing systems, policies & procedures to facilitate internal financial control towards the accomplishment of organisational goals.

Screening new projects, conducting feasibility studies and preparing project reports to determine the financial viability of new ventures; projecting cash flow and growth opportunities.

Budgeting & MIS

Formulating budgets, projecting actual based on changes in budget assumptions, determine variance of actual viz a viz budget and projected results and analyzing variances and implementing corrective actions to achieve organization objectives.

Supervising the preparation of MIS reports and other statements to provide feedback to top management on financial performance viz. fund management, credit control, profitability, etc.

Accounts & Costing

Finalizing the accounts according to the International Financial Reporting Standards.

Reviewing monthly production and sales turnover and monitoring and analyzing of sales and inventory.

Designing & implementing systems & procedures for the preparation & maintenance of statutory books of accounts and financial statements, ensuring compliance with time & accuracy norms.

Liaising with banks for long/short term loans and managing the working capital.

Negotiating all types of international and local Letters of Credit, Bank Guarantee, and other instruments.

Auditing

Coordinating with Internal and Statutory Auditors to complete their audits for finalization of balance sheet.

Evaluating internal control systems / procedures, preparing audit reports with a view to highlight the shortcomings and implementing necessary recommendations.

Statutory Compliances

Ensuring compliance with corporate, taxation. Foreign exchange, labour and other statutory laws.

Preparing and filing of Income tax returns and service tax returns, various statutory forms.

Taxation

Compliance with the direct and indirect tax laws applicable in India

Independently handled Direct & Indirect tax cases and appeals.

Costing and cost reduction

Inter department and inter company benchmarking of cost so as to reduce the cost

Ensuring economical sources of supplies are explored to maximum.

Team Management

Ensuring grooming of team members through job rotation and other methods to meet deliverables.

Leading, training and monitoring performance of the team members for maintaining excellence in the service operations.

Highlights across the Career Path

Since Sep17 - Working with Modern Foods – Gurgaon corporate office as AGM- Finance

(Modern Foods was Division on HUL which was demerged and presently owned by renowned PE firm Everstone)

Modern foods is multiple product, multiple manufacturing location company. My job responsibility includes controlling the operations of the manufacturing location by giving them direction and analyzing their performance.

Headed the implementation of Microsoft Dynamics AX(ERP)

Handling compilation of monthly MIS, Reporting pack, Consolidation of accounts as per Schedule III as well as analyzing the performance of company through various reports

Part of the core team making monthly presentation to the top management for review & analysis

Handling all financial compliances including TDS, GST, Labour law, ITR filing, Tax Audit and Internal Audit

Dealing with PE firm Everstone group for meeting their information requirement.

Key highlights

Successfully implemented ERP Microsoft Dynamics AX and resolved all post implementation issues

Successfully implemented new MIS pack since takeover by Everstone to meet the investor requirement

Received out of the turn promotion in short span of time from Sr. Manager to AGM-Finance

Received award for successful and smooth implementation of ERP

Successfully handled the acquisition of Cookie man and City fresh

Mar,15-Sep17 - Worked with KPMG India – Gurgaon corporate office as Manager Finance

(KPMG is global leader in assurance, consultancy and taxation)

As a true business partner performance against both the annual budget and company’s long-term strategy.

Develop tools and systems to provide critical financial and operational information to the management and make actionable recommendations on both strategy and operations.

Prepare and maintain regular financial planning reports; Monthly profit and loss forecast by division (vs. budget)

Complete analysis of financial results; Develop recommendations (strategic and tactical).

Develop and execute analysis of various business initiatives

Standardized the MIS format across by understanding the Management requirement so that relevant information can be capture at lowest level to ease consolidation at corporate level

Payroll compliance leader for Indian operations of KPMG having employee strength of 19K

Determining the accuracy of payroll liabilities by calculating applicable central & state labour laws .

Handling Statutory, Internal, ICOFAR, PF & ESI Audits and Notices issued by various government authorities

Managing the Accounts payable functions, vendor payments which includes timely payment as per agreed terms, analyzing the ageing, reconciliation & confirmation, benchmarking the procurement rate across location

Key highlights

Reduced the complexity of multiple reports by getting the relevant information from minimum number of reports thus eliminating duplication

Reduced the occupancy cost expense by effectively analysing the MIS, and benchmarking across locations

Efficiently handled Audit of ESI for last five years with Nil demand

Substantial process improvements leading to effort & cost reduction and improvement in the interdepartmental satisfaction scoring.

Lead the project for evaluation of payroll vendor whereby top payroll vendors of India were evaluated on various parameters. Implementation of our recommendation will lead to improvement of vendor deliverable as well as reduce cost to the company.

Dec,12- July,14- Worked with Paytronics India – Mumbai as Finance Controller

Preparation of Monthly Business Review Deck that contains P&L, Overheads, Coverage Analysis, Segmental Contribution Analysis and Revenue templates showing variances between Actual, Budget and Forecast figures with monthly and quarterly trend

Preparation of the Annual Operating Plan of the Company and disintegration to the branch Level and based on this preparing monthly variance report for the Top Management together with cause of changes. Along with it, the entire system was incorporated in the Business Intelligence system and a mechanism was developed

Analysis of key productivity and strategic measures (KPI-Key Performance Indicators)

Overheads and revenue reporting to the management

Analysis of Risk & Reward Assessment of the New Ventures that the Company may plan to undertake

Competition Analysis and preparing Quarterly review Presentations

Key highlights

Handled new business model of money remittance wherein got the commercial proposal approved by two leading banks, handled the taxation matters related to business model

Managed through startup phase whereby managed company through huge cash crunch and still never lost business opportunities

Structured and negotiated discount model with vendors which resulted in higher margin for the company

Established business partnership with RBL Bank to offer instant money transfer services to customers

Comprehensive understanding of tax laws specially the ability to interpretate and analyse, understanding and matching the business and commercial realities with tax requirement, to come out with innovative solutions to complex problems

Aug,11 to Nov,12 - Practiced in Mumbai in areas of taxation, audit and management consultancy

Providing end to end business solutions to various private companies in field of audit, taxation and compliance matters

Developed connection in legal fraternity and gained experience in dealing with senior lawyers and consultants at all level

Complete management of Central Excise and service tax law and procedure including availment of Cenvat credit, periodical returns, permissions, audits, correspondence, reply to SCNs, Appeals and Hearing

Aug,10- Jul,11 with Max Healthcare – Delhi as Deputy Manager Accounts & Finance at Corporate Office, Delhi

Handled complete accounts and taxation matters.

Review and consolidation of MIS received from various hospitals as per the corporate requirement

Preparation of financial statements as per Revised Schedule VI

Designing & implementing systems & procedures for the preparation & maintenance of statutory books of accounts and financial statements, ensuring compliance with time & accuracy norms.

Designing and institutionalizing an effective Internal Control system

Key highlights

Converted Financial statement to revised schedule compliant

Successfully handled internal and external audit and got many audit qualifications removed

Feb’07-Aug,10 with C1 India Private Limited-Delhi as Head Accounts and Taxation at Corporate Office, Delhi

Accredited for implementation of payroll software.

Projected the future cash generation capabilities and efficiently negotiated with various banks for limits on already placed FD. Limits sanctioned were then placed with other banks at higher rates of interest. In this way future cash projections were placed at higher rates thus capitalizing on falling interest rates.

Effectively handled the Income tax and sales tax assessment and prepared various documents and details required by Income tax department. Worked closely with consultant in drafting of appeal against income tax order.

Successfully devised a MIS system which gives project wise profitability and Debtors position. The same was used by top management for cost control and debtors recovery.

Contributed significantly in commencement of operation in UAE including incorporation of subsidiary, opening of bank account etc., statutory compliances and annual filing.

Conceptualised and developed employee reimbursement portal thus streamlining the reimbursement process

Key highlights

Got out of turn promotion in C1- Head Accounts and Taxation in view of handling Income Tax assessment and cost savings in treasury operations.

Handled complex service tax and vat issues relating to software development

Calculated bid price for various tenders and government projects and suggested cost control measures to reduce cost over period of awarded projects

Jul’04 – Jan’07 with VLCC Healthcare Private Limited-Delhi as Manager Finance, Delhi

Preparation of overall budgets, dividing the overall budget into branch wise budget, Target setting for the centers, Devising reporting system for branches and controlling their profitability.

Consolidation of MIS of various centers to determine overall profitability and financial system.

Putting in place an efficient collection and banking system to ensure better fund management

Managing of relationship with various franchise in terms of compliance to franchising agreement, profit delivery and revenue sharing agreed, enhancement of brand image.

Organizing training programmed for accounts professionals in charge of branches so that they are suitably updated about the organization expectations and new changes in policies, processes, procedures and accounting environment.

Inventory control – Kept a close eye on inventory turnover and ageing to ensure high level of control.

Preparation of feasibility report for opening of new branches

Jan’03 – Jun’04 with Lodha & Company- Delhi as Audit Manager, Delhi

Efficiently conducted Statutory and Internal Audits, as per Schedule VI of Companies Act (1956).

Maintained strict adherence to financial reporting standards for reporting presentation of Accounts statements.

Complied with Listing Agreement for consolidation of accounts, Limited Review and Corporate Governance.

Successfully carried out projects involving review of existing internal controls, suggesting ways to improve the same.

Successfully handled Statutory / Tax Audits & Limited Reviews of leading names including J.K Industries, Hindustan National Glass Industries, Godfrey Philips and Grasim Industries.

Academic Credentials

2002 Chartered Accountant from ICAI

2000 B.Com (Honors) from University of Delhi

2017 Dip IFRS from ACCA,UK

IT Skills

Working Knowledge of ERP System – Oracle

Well versed with MS Office – MS Excel, MS Word, MS PowerPoint

Personal Dossier

Date of Birth: 29th August 1979

Local Address: A-101, Bhrigu Appartments, Sector-9, Dwarka,Delhi-110075

Permanent Address: C5/129, Milan Vihar Apartments, Plot No.72, I.P. Extension, Delhi-110092

Linguistic Abilities: English and Hindi

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