Amit Chikhle – Chartered Accountant, M. Com

Mobile: 954-***-****, 996-***-****, Email: ado4e2@r.postjobfree.com, Location – Pune - MH

Professional Synopsis

Accomplished CA having 15+ years of work exp. in managing F&A operations in an integrated global reporting framework. Leading the function through combined expertise in strategy planning, taxation, revenue assurance, internal audit, regulatory & ICOFR compliances. Possess strong technical acumen to manipulate financial data into relatable KPI metrices, alignment with management objectives & present to senior leadership team. Analyze ERP ecosystem, design & implement process automation tools for faster turnaround time. Exhibit strong ethical values while utilizing entity resources, commercial negotiations, people development and transparent cost administration.

Functional Skills

INDAS / IFRS accounting & disclosures

TDS / GST / FEMA / MCA compliances

Financial modeling / impact analysis

SAP, Oracle, CBS, Tally, P. Soft, JDE Sox controls & process mapping

GL Review & BS substantiation

Cost optimization & avoidance

Performance KPI reporting COA & master data mgmt.

Budget vs Actual analysis

Capex project appraisals

Resource Management

Career Achievements

Accounting policies & process manual

Automation of payment processes Forecasting accuracy > 95%

Setup of SOX & IFC framework Cost savings > INR 10 crores

GST Implementation in bank

Employment Details - Work Experience

AVP FA – Jana SFB Ltd. (Schedule Commercial Bank licensed by RBI), Pune - Mar 2016 till date

Leading a team of 10 + employees responsible for governance & control around procurement, vendor payments, PPE & Lease accounting, cost allocation & monthly provisions, period end closing, GL scrutiny & tax compliances.

Established control check points at different stages of transaction life-cycle by using combination of system based & manual controls to ensure deviations & deficiencies in process are identified and resolved before audit.

Present financial insights on business performance focused on cost / contribution analysis, actual vs target, key cost drivers, product margins, BU wise portfolio analysis & PAR status, partner / franchise profitability etc.

Formalize fee’s structure to bring uniformity in professional fees charged by consultants at PAN India level. Streamline policies around incentives, rewards, conveyance & other reimbursements, agency commission.

Roll-out straight through budget approval & invoice processing system for better control & paperless culture.

Diagnosis of upstream / downstream data feed to resolve differences in GL balances between CBS & Oracle.

Drive cost control initiatives worth INR 10 Cr. across verticals which generated savings adding to bottom line.

AVP FA – Deutsche Bank India Global Services Pvt. Ltd. Pune - July 2014 to Feb 2016

Support 100 + US entities in client billing review & recon., ageing analysis & follow ups, perform QC checks on AP / AR / PPE entries, ERP testing for enhancement, go-live support, updating SOP’s & training material.

Ensuring entries related to period close are reviewed & simulated before actual postings with specific reference to cost accruals, allocations, currency revaluation, tax payable, depreciation run etc. to rule out booking errors.

BS substantiation, co-ordinate with revenue control, ops & IT teams to resolve exceptions / breaks identified, follow up with LEC’s on positive / negative confirmation, query resolution & escalation management.

Release reporting packs for LEC review, commentaries on P&L moves, handle queries on monthly variances.

Sr. Associate – Goldman Sachs Global Services Pvt. Ltd. - Bangalore - Feb 2013 to June 2014

Support US entities on accounting of capex projects like cash flow projections, purchase order evaluation, vendor payments, contact renewals, contingency provisions, currency conversions, interest allocation, segregation of cost between PL & PPE as per US-GAAP, BSS substantiation, budget transfers & project close.

Perform self-assessment reviews of business processes, internal controls along with root cause analysis of incident reported. Raise change management request to process owners & IT teams to remediate gaps noticed.

Ensure tax & incentives are correctly recorded as per state & local tax regulations for further realization / credit.

Provide project wise detailed analysis on actual vs estimated cost along-with key drivers behind cost escalations. Co-ordinate with technical teams to document project milestones to record its impact on PL / BS & disclosures.

Developed capitalization & chargeback mechanism to ensure equitable treatment amongst the business units & clear delineation of assets in the event of divestiture. Provide inflation adjusted valuation for insurance of PPE.

Business Administration - Siemens Limited, Mumbai - Sept 2009 to Jan 2013

F & A – Capex Control – ACC Cements, Mumbai - Jul 2006 to Aug 2009

A/c’s Executive – Rom-Tele Pvt. Ltd. Bhopal (Joint Venture with Alcatel Ltd.) June 2004 to June 2006

Project cost controller managed green field / brown field capex. projects worth INR 2,000 Cr from 2004 to 2014.

Develop investment strategies & advice go-ahead using DCF models, ROI, PBP, NPV, IRR break even analysis etc.

Build project hierarchies in SAP like WBS element, CC / PC mapping, GL codes assignment, recon. of sub ledger to primary ledger, O/H cost allocation. Close project completion after obtaining confirmation from project managers.

Perform QC checks on PO’s, invoices to comply with T&C mentioned in the vendor contracts with respect to price & delivery, payment terms, credit period, BG, PBG, retentions, TDS / VAT compliances & vendor on-boarding.

Submission of documents to banks for foreign payments, transfer of unrealized forex gains / losses to project WBS.

Capitalization of assets, CWIP ageing analysis, cost accruals, monthly depreciation run, impairment check & asset write off, fixed asset schedule, reconciliation between primary & secondary GL balances using excel based tools.

Post project analysis to report project KPI’s, line by line comparison of actual cost vs. budget & variance analysis.

Preparation of revenue schedules as per SO / Contract to ensure invoices are raised on time as per agreed SLA’s.

Disclosure on related party transactions, captive consumption reports, net foreign exchange for SEZ compliance.

Valuation of assets for insurance renewal, raising claim on damages occurred due to fire / theft / transit loss etc.

Article-ship – Patel Verma & Associates, Indore June 2001 to May 2004

Statutory & concurrent audits, tax audits & IT returns, formation of companies / partnership firms, annual returns, CAM reports, bank compliances for client’s CA, CC / OD limits, term loans, stock audit & bank reconciliations.

Personal Profile

DOB: 24th May 1980, Marital Status: Married, Hobbies: Reading inspirational & career development article.

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