Key skills

Financial reporting, planning and analysis

Complex business restructurings

Budgeting / Cost Control / Forecasting

Accounting and controllership

Audit and compliance

Financial and strategic planning

Internal financial controls with reference

to financial statements

Team building and leadership

Transfer pricing/Taxation matters

Profile summary

Chartered Accountant with expertise in financial statements reporting complex accounting, financial analysis and planning, management information systems and budgetary control, consolidation, corporate governance, due diligence, statutory compliance and auditing

Delivered financials analysis report, audit committee presentations and process improvement recommendations to Board of Directors, CEO, CFO and other stakeholders for one the largest automobile ancillary company in India

Performed analytical review of financial statements, cash flow and fund flow reports, annual budgets, key assumptions used in budget and forecast, forecasted profit and loss account, margin analysis, variance analysis, ROI analysis, comparison of budget vs actual, market and business volatility analysis, risk assessment, cost vs benefit analysis, key ratios etc.

Spearheaded multiple teams, comprising of 3-15 people of fresher and experienced professionals

Acted as a performance manager with 10-12 junior staff as direct reportees

Assisted clients with the financial statement preparation within the Ind AS, IFRS and US GAAP framework, support clients in complex M&A transactions and accounting and handholding client in preparation of standard templates for MIS

Managed audit engagements of consolidation financial statements involving more than 15 Group Company (including Indian and overseas entities) of one the largest automobile ancillary company in India

Managed quarterly, year-end statutory and tax audits of large listed entities, large privately-owned groups, other SMC’s across various sectors including manufacturing, information technology, shared services and financial services

Thorough understanding of global accounting methodology and up-to-date knowledge on changes or planned changes to accounting standards across different frameworks, Company law or other pronouncements Educational credentials

Qualification Institute/University Year of

passing

Chartered Accountant The Institute of Chartered

Accountants of India

2010

Master’s in Commerce University of Pune 2010

Company Secretary

(Executive Programme)

The Institute of Company

Secretaries of India

2009

J

Photo

CA Devendra Ostawal

Chartered Accountant

Over 10 years of work experience

admxis@r.postjobfree.com +91-997*******

Soft skills

Career timeline

Work experience

May’20 – Present

Searce Cosourcing Services Private Limited

as Manager – Finance and Accounts

Responsibilities:

Developing and ensuring adequate internal controls have been maintained to safeguard company assets and providing accurate financial records including continued compliance with legal requirement

Driving continuous improvement and standardization in the finance and account function- AP, AR, MIS, payroll, business finance, statutory compliances etc.

Ensuring an efficient organization of financial accounting and reporting processes in line with Indian GAAP as well as local legal and tax requirements

Monitoring the India statutory filings like GST returns, TDS, Advance tax, employee related statutory dues, etc. and handling direct and indirect tax assessment

Monitoring overseas statutory fillings like, USA Franchise Tax Returns and Federal Tax Return, USA Sales tax return, Indonesia VAT filings and Singapore direct taxes

Monitoring India and overseas statutory audits under IGAAP and IFRS framework

Assisting CFO / CEO in preparation of monthly leadership presentations

Reviewing the monthly India and Global payroll function

Actively involved in Global restructuring of the Company and assessing the possible implications on the supply chain management

Monitoring statutory, tax, transfer pricing and GST audit

Monitoring daily fund flow position

MIS and Insights reporting, providing accurate and timely reporting on the financial activity of individual projects & BU performance on a monthly basis.

Assist in preparation and review of monthly, quarterly and annual close presentations for Accounting and Controls management to include preparation of month over month and forecast to actual analysis

Managing company policies regarding capital requirements, debt, taxation, equity, disposals and acquisitions, as appropriate. Negotiating with the Bank for lines of credit or other financial services as required.

Managed hiring and onboarding of new employees to accounts and finance functions 2010 201*-****-**** 2015-2020

EY Executive – Audit

and Assurance

Present

Searce Manager – Finance

and Accounts

Chartered

Accountant

Infosys Limited

Associate

Consultant

KPMG Manager – Audit

and Assurance

Change Agent

Motivational

Leader

Thinker

Collaborator

Communicator

Planner

Mar’15-May’20

KPMG

Growth path:

Apr’18-May’20: Manager – Audit and Assurance

Apr'16- Mar’18: Assistant Manager

[Worked with KPMG Muscat (Oman) office from Dec’16 to Feb’17 on a short-term secondment basis] Mar'15- Mar’16: Senior

Responsibilities:

Preparing audit strategy and audit plan

Preparing engagement budgets and monitor the budged vs actual recoveries

Performing comprehensive analytical reviews, provide industry insights to the management

Audit of standalone and consolidated financial statements under IFRS, US GAAP, Ind AS and Indian GAAP

Managed SOX compliance audit for one largest agro- chemicals and seeds manufacturer MNC in India

Group reporting to KPMG member firms under IFRS and German GAAP in accordance with the group instructions

Impact analysis of the convergence from Indian GAAP to Ind AS / IFRS

Keep update to date with key GAAP difference between US GAAP, IFRS and Ind AS and its potential impact on the financial reporting

Liaising with specialists like Tax, IT, Forensic and Corporate Finance for their involvement in audit engagements and providing value added solutions to the clients

Make proposals and ensure risk compliance for prospective clients

Make presentations on technical topics to the clients and created and managed good independent relationships with clients- senior management

Conduct internal trainings on Ind AS, IFRS, IGAAP and auditing subjects

Make recommendations to the management on mitigation of risks arising from weaknesses in internal financial controls

Deal effectively with clients on the audit issues with a solution-oriented approach

Reviewing internal financial integrated reporting process of large listed clients and issued management letters on areas of process improvements, control deficiencies, legal compliance etc. Key client portfolio:

Bajaj Allianz General Insurance Co. Ltd. Syngenta India Ltd.

Tata AutoComp Systems Ltd. Automotive Stampings and Assemblies Ltd.

Shriji Polymers (India) Ltd. Tasty Bites Eatable Ltd.

ZF India Pvt. Ltd. Signature International Foods India Pvt. Ltd. Feb'12-Mar'15

Ernst & Young (EY), Pune (India) as Executive – Audit and Assurance Role: Interim Finance Controller

Responsibilities:

Worked as an Interim Finance Controller on loan staff basis for the Indian subsidiary of a foreign listed group

Managed a team of 4 finance professionals, including accounting and financial planning

Prepared the monthly financial results, budget and quarterly rolling forecasts and completed the reporting requirements to the parent company

Performed detailed account analysis and corporate month-end processing and reporting

Interacted with auditors - for the purpose of year end closing, due diligence and internal audit

Statutory Compliance and filing of necessary return within stipulated time

Monitoring the statutory filings like VAT return, E-TDS payment and E-TDS quarterly return and handling tax assessment Role: Audit team lead

Responsibilities:

As lead team member on engagements, was responsible for planning and execution of the audit engagement

Delegated appropriate work to junior members of staff and reviewed their work in a structured format

Understood and implemented EY Global Audit Methodology on all audit engagements

Completing audits to strict deadlines and within budgets, reporting directly to audit manager / partner Achievements

Received “Super Employee” recognition for outstanding work performed on a large listed client displaying high level of commitment and leveraging on multi-tasking and strong grasping skills at KPMG

Received “Above and Beyond” recognition for exceptional delivery and client service on one audit assignment at KPMG

Received “Kudos” recognition for delivering quality services to clients for various engagements at EY and KPMG IT skills

Microsoft Office 365

Google sheets, doc and slides

ERP - SAP ECC 6.0, Quickbooks

Personal details

Date of birth: 07 October 1987

Languages known: English, Hindi, Marathi and Marwadi

Marital status: Married

Address: Plot no. 85, Pawana Nagar, Chinchwadgaon, Pune PIN- 411033, Maharashtra, India

Mobile: +91-997*******; e-mail: admxis@r.postjobfree.com

Contact this candidate