Drive improvements to accounting operations to support organizational objectives and strategic growth. Result-oriented professional offering more than 15 years of rich & qualitative experience with skills in improving operations, enhancing business growth & maximizing profits through effective financial management, internal controls & productivity improvements. Effectively aided the senior management in developing business strategies for several projects through strategic financial analysis. Well versed in keeping accounts updated and accounting professionals on-task to handle dynamic conditions. Excellent planning, leadership and decision-making abilities.
Overview
17
17
years of professional experience
Work History
Finance and Accounting Manager
Analytix Business Solutions
Ahmedabad, Gujarat, India
02.2018 - 05.2023
Liaising with Country Head & CEO on devising a strategy
for Accounting Division
Monitor and manage the delivery of monthly accounts,
financial statements, and board reports for 800+
clients and manage a team size of 350+ employees
Deliver financial analysis and insights to inform
operational and strategic decision-making
Developed budgets, prepared forecasts and monitored financial deadlines.
Handled accounting operations such as updating journal entries, pursuing collections and reconciling accounts.
Supervised accounting tasks, which included accounts payable and receivable, general ledger management and expense reporting oversight.
Prepared month-end closing entries for detailed reporting and recordkeeping.
Oversaw cash flow, controlled costs and financial matters.
Developed and implemented departmental accounting policies, procedures and processes to establish and standardize accounting best practices.
Delivered actionable recommendations to enhance strategic direction and day-to-day accounting operations.
Planned, directed and monitored regulatory operations, tax reporting and audit compliance. Liaise with external auditors.
Monitor key operational effectiveness metrics including
Productivity, Efficiency & Quality
Manage expansion activities, including foreign currency,
mergers, and acquisitions
Lead the operational and financial risk management
process
Serving as a Project Manager for products like OCR,
Project Management System, Business Process
Management System
Mentoring Automation Team to ensure optimization &
automation through macros, RPAs, or 3rd party
applications
Monitoring the overall functioning of processes,
identifying improvement areas, and implementing
adequate measures to maximize the customer
satisfaction level
Accountant
Navitas Limited
07.2015 - 02.2018
Perform financial analysis, reporting and management activities.
Drive the month end process and delivered the results on time.
Investigate profit and loss variances against budgets, actual and provide analysis and commentary on differences.
Monitor and manage all expense within the allotted budget.
Review annual budgets and recommend any changes if needed.
Ensure accurate calculation and distribution of salaries and other benefits to employees.
Prepare and review Annual Budget and Monthly Forecasts.
Establish accurate forecast regarding expenses and revenues and manage regular reporting requirements.
Assist Financial Director in treasury and cash flow.
Preparation, calculation and review of operating leases.
Establish key financial strategies to enhance business profitability.
Preparation of monthly BAS return and bi-monthly NZ BAS return.
Preparation of annual FBT return including all information required supporting documentation.
Assist Tax Manager in yearend tax and provide relevant information and liaise with external auditors at year end.
Ensure financial team follows company policies and regulations.
Hire and train new employees on financial operations.
Develop standard accounting procedures to improve financial operations efficiency.
Participate in performance evaluation of finance staff and conduct counseling sessions to identify skill development needs.
Ad hoc reporting as required by the business.
Analytical reporting of business performance.
Continuous development and analysis of processes with the objective to improve efficiencies.
System development of both current systems and analysis of proposed systems.
Group Accountant
M Webster Holdings Pty Ltd
05.2012 - 06.2015
Prepare and review Annual Budget and Monthly Forecasts for all retail stores.
Assist in the processes involved in the Annual Budget and Forecasts for the Head Office.
Assist Financial Controller in treasury and cash flow.
Assist Financial Controller in maintaining Hedge register and full maintenance of it.
Full responsibility of General ledgers including Balance sheet reconciliations and ensuring integrity in financial reporting.
Drive the month end process and delivered the results on time.
Preparation of monthly journals including maintenance of monthly standing journals.
Prepared monthly and year-end closing statements, financial documents and invoices.
Prepare actual vs budget variance analysis report and provide commentary on differences.
Prepare and review cost analysis report and COB report and do a detail commentary on it.
Maintain and prepare stock register and do a detail analysis and prepare a report for Brands. (Calculation of WIP, Stock on Hand, Production purchases, Production
closing stock.)
Prepare and analyze weekly Brand trading report and gross margin report for all brands.
Prepare detail monthly profit and loss statement for the stores and group.
Prepare monthly Brand KPI report and LFL analysis.
Prepare monthly Salary and wages analysis report and do a detail commentary on the variances.
Updates weekly sales, gross margin and wages and hours by store uploaded to Report Manager Software for store access.
Ensuring accuracy and integrity in the allocation of expenses.
Provide relevant information and liaise with external auditors at year end.
Full ownership and reconciliation of Asset register.
Maintaining the Capital hire purchase register.
Preparation, calculation and review of monthly leases.
Management of the company licensing agreements and maintenance of the debtor’s ledger.
Compilation of weekly retail sales performance reports.
Ad hoc reporting as required by the business.
Prepare DCF scenarios
Preparation of monthly BAS return and bi-monthly NZ BAS return.
Preparation of annual FBT return including all information required supporting documentation.
Assistant Management Accountant
Gazel Corporation
11.2009 - 05.2012
Assistant Accountant
Hill Rose Finance Pty Ltd
06.2006 - 10.2009
Education
Six Sigma Green Belt -
Benchmark Six Sigma
India
04.2020
CPA -
CPA Australia
09.2015
Master of Accounting - Accounting
Central Queensland University
Sydney, NSW
06.2007
Bachelor of Commerce -
Gujarat University
Gujarat, India
04.2004
Skills
Strategy Development
Budget and Forecast Development
Financial Reporting and Analysis
Creative and Innovative
Proactive and Focused
Critical Thinking
Team Building Leadership
Data Analysis
Project Management
Additional Information
SAP, Oracle, Sage, NetSuite, Intacct, QuickBooks, Xero, Epicor, MYOB, Hyperion, and Power BI
Accomplishments
Analytix Business Solutions
Prepared a Resource Planning Business Model in line with the organization's growth momentum and liaisons with relevant stakeholders to expand the accounting team from 75 to 350 in 3 years.
Business transformation initiatives were undertaken over a span of 2 years to introduce new & revamped services which include Business Advisory services i.e. Business Process Excellence, Virtual CFO Services, Virtual Admin Services & Recruitment Process Outsourcing to our existing clientele and new businesses.
Successfully created a business model which helped us identify which industry needs to be focused on and worked upon related to current service offerings and market demand.
Successfully saved more than $25,000/month by automating and standardizing a lot of accounting processes automations included RPAs, Python-based automation tools & VBA Macros.
Lead and managed OCR development project to automate the Accounts Payable process, which saved 1000 human hours/month.
Through DMAIC project reduce monthly attrition rate by 62.5% over the period of 2 years using open brainstorming sessions and leveraging Lean Six Sigma
methodologies such as Affinity, Cause, and Effect Diagram, Box Plots, Pareto, and Principles of Triz.
Managed and lead the organization-wide initiative to implement a Business Process Management System which gauged employee’s performance based on four criteria – Productivity, Efficiency, Quality, and Professional Standards and managed big data to produce management reports such as realization rate, utilization rate, budgets, etc
Navitas
Month end process completed and reviewed with financial controller within 2 days.
Successfully implementation of a new Joint Venture.
Mentoring and development of Finance Officers & Accounts Assistants.
Introduction of monthly meetings with Divisional managers to review actual/budget/forecast.
M Webster Holdings Pty Ltd
Month end process completed and reviewed with financial controller within 4 days from 8 days.
Successfully implementation of a new accounting reporting tool.
Implementation of non stock purchase order process to control the variable overheads.
Successfully implement the capex analysis report to analyze individual projects against their budgets.
Gazal Corporation
Analyze Royalty reports and found that our Sub licensee were taking 15% deduction instead of 5% which is allowed and get that 10% ($150k per quarter) money for the whole 3 years period.
Successfully implemented new software module (Sales Audit) in to Epicor and prepare all process documents for the finance team.
Successfully implemented SAP and prepare user manuals for the staff.
I have design and prepare various daily sales reports for the management which shows the comparison between actual and budget and also compare with the last year’s figures and shows the sales trend.
Languages
English
Full Professional
Hindi
Native/ Bilingual
Gujarati
Native/ Bilingual
Timeline
Finance and Accounting Manager
Analytix Business Solutions
02.2018 - 05.2023
Accountant
Navitas Limited
07.2015 - 02.2018
Group Accountant
M Webster Holdings Pty Ltd
05.2012 - 06.2015
Assistant Management Accountant
Gazel Corporation
11.2009 - 05.2012
Assistant Accountant
Hill Rose Finance Pty Ltd
06.2006 - 10.2009
Six Sigma Green Belt -
Benchmark Six Sigma
CPA -
CPA Australia
Master of Accounting - Accounting
Central Queensland University
Bachelor of Commerce -
Gujarat University
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Urmi VaghelaUrmi Vaghela
Accounts Officer at Analytix Business Solutions Pvt LtdAccounts Officer at Analytix Business Solutions Pvt Ltd