Dibendra Shrestha
Summary
Accomplished financial professional adept at precise and timely month-end closings. Proficient in overseeing transactional finance functions, including accounts receivable, accounts payable, capital expenditure, and cash management. Developed comprehensive management reports for diverse stakeholders, showcasing strategic prowess in payment processes, fund flow, and debt management. Expertise in cash flow and treasury management, evidenced through insightful analyses. Formulated and executed financial strategies, collaborating with product development for optimization. Ensured compliance with tax, IAS, BAS statements, and statutory obligations. Partnered with senior management for performance reviews and decision-making. Fostered leadership environment, guiding teams with career development and performance reviews.
Overview
15
15
years of professional experience
Work History
Financial Controller
Gumtree Au Pty Ltd, TMH
09.2022 - Current
- Directed end-to-end responsibility for the AU balance sheet review process, proactively identifying risks and opportunities and promptly reporting them to the CFO
- Emphasized precision in accounts receivables and recoverability provisions
- Orchestrated and monitored reporting timelines across the finance team, streamlining the month-end close process
- Collaborated closely with the local FP&A team to meticulously assess proposed monthly revenue and cost accruals, exercising scrutiny to ensure comprehensive and accurate financials
- Provided support for routine General Ledger activities, encompassing transaction posting and key account reconciliations, while liaising with the offshore shared services team
- Supervised external payroll processes and liaised with the People/HR team to ensure timely and accurate payroll payments in adherence to local regulations
- Facilitated seamless integration of new processes, revenue streams, and system migrations to preempt financial risks and promote best practices
- Extended support to the outsourced tax provider for various matters tied to new business ventures and routine regulatory filings
- Acted as the primary liaison for the local statutory audit, actively participating in the preparation of Annual Financial Statements
- Monitored treasury and cash flow management, including reporting on working capital
- Pioneered the evaluation and enhancement of existing processes, consistently suggesting avenues for improvement
- Provided mentorship to the team, showcasing exemplary leadership qualities.
Financial Controller
FoodByUs Pty Ltd
11.2020 - 08.2022
- FoodByUs is a one-stop shop to order wholesale food supplies - like Amazon.com but for wholesale food
- Venues can use FoodByUs to search across thousands of products from quality wholesale suppliers and purchase everything they need via an e-commerce platform
- Successfully executed month-end closings with precision and clarity, maintaining a consistent and timely approach
- Oversaw transactional finance functions, including accounts receivable, accounts payable, capital expenditure, and cash management
- Developed comprehensive management reports catering to business stakeholders, including investors and founders
- Strategically managed payment processes, ensuring effective fund flow to suppliers and meticulous debt management for daily operations
- Demonstrated expertise in cash flow and treasury management, delivering insightful reports and analyses
- Formulated and executed financial strategies, incorporating forecasting, reporting, and advisory services to various stakeholders
- Collaborated with the product development team, contributing financial insights to optimize performance
- Ensured compliance by preparing company tax, IAS, and BAS statements, and overseeing payroll processing and statutory requirements
- Partnered with senior management, actively engaging in business performance review and strategic decision-making
- Cultivated an environment of leadership by providing guidance to the accounting team, creating career development plans, and conducting bi-monthly performance reviews.
Accounting and Reporting Manager
Nisbets Australia Pty Ltd
01.2020 - 06.2020
- Nisbets is a British multi-channel retailer of catering equipment and supplies
- It develops, retails and distributes commercial kitchen equipment, catering supplies and other hospitality products to hotels, restaurants, bars, cafes, schools and colleges
- Nisbets is Europe's largest supplier of catering equipment
- Delivery of month-end close for Australia and New Zealand on a clear, consistent and timely manner;
- Preparation of financial reporting & supporting schedules and communicate monthly reports and insight to internal stakeholders;
- Balance sheet review and reconciliations and variance analysis and commentary - Deliver clear, consistent and timely reporting;
- Ensure compliance to relevant accounting standards, implement new standard such as AASB 16 and 17 review procedures against standards and controls;
- Manage and a key contributor during year-end audit engagements;
- Drive the annual budget preparation, quarterly forecasts and analysis the financial implications of current, new and/or proposed business strategic and operational decisions;
- Review business performance and partner with senior managers to aid business planning and decision making;
- Prepare and assist in the lodgement and reporting of schedules for income tax, audit and other statutory requirements such as BAS, IAS, FBT, payroll taxes, etc;
- Work closely with the Senior Leadership team to provide insightful financial information and develop business reports to present trends to the business which will provide the business with strategic direction;
- Lead, mentor and develop the accounting team, develop career development plans and Bi-monthly performance reviews.
Financial Controller
OneSchool Global Australia Ltd
05.2019 - 12.2019
- OneSchool Global has 32 campuses across our Australian region
- With campuses in QLD (4 campuses), NSW (12 campuses), Victoria (8 campuses), Tasmania (2 campuses), South Australia (2 campuses) and Western Australia (5 campuses), OneSchool Global Australia provides our innovative learning and teaching program to over 2,450 students, in partnership with more than 340 staff
- Produce comprehensive analyses of Schools’ financial performance at National and State level, highlight and explain key variances, identify trends to allow informed decision making by National and state Boards and leadership teams;
- Establishes and implements meaningful financial benchmarks and KPI targets and report performance on monthly basis;
- Deliver comprehensive 5-year strategic plan for OSAL and keep it updated to capture material trend and assumptions changes;
- Proactively provide sound professional advice and support on key financial decisions and how to improve financial sustainability;
- Forensically analyses current organisational practices and liaise across departmental managers to create synergies and efficiencies;
- Co-ordinates and execute internal and external audits to achieve favourable rating and provides data requested by auditors to help with timely audit completion
- Ownership of timely completion of monthly, quarterly and various reporting requirements to the Board;
- Identify organisational and financial risk to minimise potential loss or damage to resources and reputation of the organisation;
- Prepare National School Office (NSO) budget and collate State School budgets and monitor and report on performance;
- Ensure robust and standardised policies and procedures are in place for State Schools and assists School entities to develop and implement new policies and procedures;
- Ensures the Finance team meets and continuously improves in terms of quality of performance, behaviours, service levels and the promotion of the organisational culture
- Achievements
- Received certificate of appreciation from National Leadership Team within few months of commencement;
- Developed a sound and robust budget framework for National and State as well as campus level budgetary process.
Group Financial Accountant/ Acting Finance Manager
Right2Drive Pty Ltd ANZ
06.2017 - 04.2019
- Right2Drive is a subsidiary of Eclipx Group a leading Accident Replacement Vehicle provider to not at-fault drivers
- Specializes in providing like-for-like cars replacement to not at-fault drivers while their cars are being repaired or the claim is being settled, and R2D will recover the rental costs on behalf with their assistance from the at-fault party.Right2Drive has 33 branches throughout Australia and 2 subsidiaries namely Right2Drive New Zealand (“R2DNZ”) with 3 branches and a subsidiary known as ONYX Car Rentals (“ONYX”) in Melbourne, Victoria
- Generating and finalizing month end management report and analysis of financial results for annual sales of $97 million along with the balance sheet reconciliation as well as providing commentaries on the variance report against actual vs budget;
- Ensuring and monitoring in continuous improvements in accounting records and general ledger systems as well as ensuring compliance with internal controls, policies and procedures;
- Providing quarterly, half yearly and full year disclosures and related commentary for the all 3 entities as well as quarterly reporting of income tax provision;
- Preparing and assisting in the lodgment and reporting of schedules for income tax, audit and other statutory requirements such as BAS, IAS, FBT, payroll taxes, etc;
- Preparing statutory monthly and yearly General Purpose Financial Statement as well as intercompany reporting for all 3 entities;
- Supervising and mentoring the support team in relation to day-to-day running of the department;
- Initially preparing and currently reviewing the cash flow forecast and assisting in the annual budget;
- Reviewing and authorizing weekly payments to external parties (suppliers) including offshore payment and cash management;
- Managing Fixed Assets (CAPEX projects, capitalizations, disposals, queries and reports) and maintaining the asset register in both Corporate and Tax book and monthly reporting of the depreciation and amortization;
- Key contributor during annual statutory external audit process
- Achievements
- Successfully suggested various methods on improving the quality of data extracted to ensure that the migration was performed smoothly from Xero to Oracle;
- Successfully managed the migration for all accounts payable module independently for Right2Drive Australia and fixed assets register for all 3 entities from Xero to Oracle
- Develop a new policies and procedures on Prepayments, introduced lease accounting within the companies, discussed matters on LSL provision, etc
- Meticulously planned, tracked and completed all major deliverables such as inter-company matching, current trends of operating expenses of all the entities.
Financial Accountant
Australian Institute of Music
03.2011 - 06.2017
- Australian Institute of Music is Australia’s only private music school totally dedicated to the pursuit of excellence in music and teaching for over 50 years through the campuses in Sydney and Melbourne
- Worked as a temp on March 2011 before becoming permanent full time on September 2011;
- Preparing all statutory accounts in accordance with the accounting standards;
- Preparing and assisting in the lodgment and reporting of schedules for statutory requirements such as BAS, IAS, FBT, payroll taxes and annual audit;
- Reconciliation of the balance sheets and assist in the preparation of financial statements;
- Ensuring the correct and effective maintenance of financial accounting and general ledger systems and monitoring accounting records and internal controls;
- Monitoring accounting records and internal controls;
- Assisting the management with the preparation of Annual Budgets, cash flow forecasts and monitoring of financial performance;
- Assisting in the preparation of monthly and yearly reporting and preparing financial and non-financial report to government agencies such as DEEWR, ATO, etc;
- Assisting with the delivery of financial budgeting and forecasting activities for the responsible department and preparing the variance analysis for the management;
- Supervising the payments to the contractors and suppliers including offshore payment and cash management (Accounts Payable);
- Managing Fixed Assets, maintaining the asset register and monthly reporting of the depreciation and amortization;
- Managing all aspects of the payroll function including preparation of the fortnightly payroll via ADP;
- Assisting with the preparation and review of audit files for the external auditors and liaise with external auditors, address their queries, and preparing audit paper when required;
- Ad hoc projects and analysis.
Tax Accountant
CST Tax Advisors
04.2011 - 09.2011
- Preparing company and personal tax returns;
- Preparing financial statements for companies, trusts and super funds and related income tax returns and preparing activity statements for the clients;
- General liaison with the Australian Taxation Office and Australian Securities & Investments Commission as required;
- Preparing client engagement letters and provide advises on tax and financial related issues;
- Handling of client original source records and assisting in the Client Billing process;
- Preparing of standard letters to clients in relation to taxation and other matters as instructed including preparation of letters in relation to Notices of Assessment, Business Activity Statements;
- Assisting the Partners with various assignments and other ad-hoc duties.
Assistant Accountant
Windsor Institute of Commerce Pty Ltd
02.2010 - 11.2010
- Maintaining General ledger and monthly reconciliation of balance sheets;
- Preparing comprehensive financial statements and management report to the board and external authorities such as ESOS, DEEWR, Copyright, ACEPT, etc;
- Preparing and lodging BAS and IAS quarterly and monthly respectively;
- Monitoring daily revenue and aging account receivable and recording it in MYOB;
- Supervising and monitoring the progress of new database with the IT consultant;
- Preparing and processing staff superannuation entitlements quarterly and maintaining the payroll system.
Project Accountant
SAGEM Australasia Pty Ltd
07.2008 - 05.2009
- Preparing reports such as trial balance, balance sheet, and profit and loss, sales, cost of goods sold, list of accounts receivables and accounts payable and details of sales order and purchase for management information system and determining the GL account;
- Undertaking User Acceptance Testing to ensure the system functionality works efficiently and testing the overall integrity of the ERP system;
- Building the business partners (debtors and creditors) of the company along with their corresponding accounts and uploading it to the new software program and uploading the list of inventories to the respective business units and departments;
- Supporting, promoting and work collaboratively with subject matter experts within the finance team and within the retail business units to ensure process requirements are met;
- Working with subject matter experts and solution leads to develop and documenting solutions for identified system bugs;
- Preparing test scripts and training the users on using SAP
- General Duties
- Reconciling the Accounts Receivable, Accounts Payable, and Fixed Asset and rectifying any discrepancies;
- Approving the Purchase Orders, Accounts Payable, and Accounts Receivables during the implementation phase.
Intern Tax Accountant
05.2008 - 08.2008
- Assisting with the Bank Reconciliation of the clients and collating quarterly tax income and expense;
- Preparing spreadsheets used to calculate the company's GST and summarizing company’s transactions;
- Preparing Profit & Loss A/c & Balance Sheet for the clients for tax purpose;
- Lodging individual tax return
- 2
Education
Graduate Diploma of Chartered Accounting -
Institute of Chartered Accountants of Australia and New Zealand
Master of Professional Accounting - undefined
University of Technology
Master of Business Administration - Finance
Kathmandu University
Skills
- Balance Sheet Management
- Policy Planning
- Revenue Generation
- Financial Budgeting and Reporting
- Financial Planning
- Operation and Control
- Process Improvement
- Financial Statements Expertise
- Regulatory Compliance
- Audit Preparation
- Budgetary Planning
- Cash Flow Management
Timeline
Financial Controller
Gumtree Au Pty Ltd, TMH
09.2022 - Current
Financial Controller
FoodByUs Pty Ltd
11.2020 - 08.2022
Accounting and Reporting Manager
Nisbets Australia Pty Ltd
01.2020 - 06.2020
Financial Controller
OneSchool Global Australia Ltd
05.2019 - 12.2019
Group Financial Accountant/ Acting Finance Manager
Right2Drive Pty Ltd ANZ
06.2017 - 04.2019
Tax Accountant
CST Tax Advisors
04.2011 - 09.2011
Financial Accountant
Australian Institute of Music
03.2011 - 06.2017
Assistant Accountant
Windsor Institute of Commerce Pty Ltd
02.2010 - 11.2010
Project Accountant
SAGEM Australasia Pty Ltd
07.2008 - 05.2009
Intern Tax Accountant
05.2008 - 08.2008
Graduate Diploma of Chartered Accounting -
Institute of Chartered Accountants of Australia and New Zealand
Master of Professional Accounting - undefined
University of Technology
Master of Business Administration - Finance
Kathmandu University
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