Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Timeline
Chess Enthusiast, Family person
Hobbies and Personal Interests
Generic

SANKET HINGNE

Oakleigh South,VIC

Summary

Business-minded and tech savvy Finance Manager promoting more than a decade of expertise working and overseeing the finance function. Highly collaborative second in charge to the CFO with track record of consistent performance and value addition to the business in the form of financial analysis, team management, process improvements and systems improvements. Offering team management, data interpretation and decision making skills.

Overview

18
18
years of professional experience

Work History

Finance Manager

TIC Group Pty Ltd
03.2016 - Current
  • Reporting to – Head of Finance
  • Led finance team to ensure timely completion of financial reports and analysis
  • Led system improvement projects to automate business, accounting and financial processes.
  • Monitored key financial trends and metrics, compiling reports for company leadership to make informed decisions.
  • Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
  • Handled employee transitions and turnover
  • Managed monthly invoicing and collection of debtors.
  • Trained new and existing staff members in various financial procedures to prepare for job requirements.
  • Developed strong understanding of chart of accounts and cost drivers of business
  • Designed accounting processes to ensure accurate recording and allocation of costs and revenue

Accountant

TATA Communications Limited, TATA
06.2013 - 05.2015
  • Deputy General Manager (Financial Reporting and Compliance Department)
  • Tata Communications is a leading global provider of telecommunications solutions, the number one global international wholesale voice operator and India's largest provider of international long distance, enterprise data and internet services in India with a Turnover of AU$ 4 Billion and an employee base of 7700 employees
  • Delivered month end financial statements and performed closing activities
  • Closing general ledger, passing journal entries and performing reconciliations
  • Consolidation and currency translation of foreign and local subsidiaries
  • Reconciliation of intercompany transactions
  • Conversion of IFRS and USGAAP Financial statements to local GAAP financial statements
  • Performing Consolidation adjustments and reviewing them
  • Prepared Consolidated Financial Statements
  • Delivered complete, accurate and timely financial reports on 3rd Day of every month
  • Analyzed financial performance of the Company through detailed variance analysis reports
  • Reported Annual Financial Statements as per local GAAP and USGAAP
  • Prepared impactful Management presentations for quarterly Board Meetings
  • Closed quarterly and annual audit by providing information and support to external auditors
  • Adherence to internal processes and compliance with internal/SOX audit requirements
  • Met ad-hoc Management requirements by providing various financial reports and analysis
  • Initiated and implemented process improvements, system automation and continuous review
  • Project undertaken - Functional lead in Implementation of Hyperion Financial Management (HFM) a tool for consolidation of financial statements.
  • Designed the functional requirements and explained it to the technical team
  • Tested various reports developed by technical team and
  • Developed excel based Smartview models and reports to replace manual excel models
  • Trained end users in department for seamless transformation
  • Post implementation parallel testing of the system
  • Continuous review of the system to enhance further performance of the system

Accountant

KEC International Limited
02.2012 - 05.2013
  • Reporting to – General Manager (Corporate Accounts)
  • About, , the flagship company of RPG Group is global infrastructure Engineering, Procurement and Construction (EPC) major
  • The Company has powered infrastructure development in over 60 countries having a turnover of AU$ 2 Billion and an employee base of over 3000 employees
  • Handled fixed assets accounting of over 25 branches worth AU$ 14 Million as per Company’s accounting policy involving monthly depreciation run, inter-branch transfers and automation initiatives
  • Consolidation and review of branch financial reports of over 25 branches and reconciling branch accounts with head office worth AU$ 117 Million
  • Accounting for international receivables worth AU$ 210 million
  • Consolidated Financial statements of foreign subsidiaries, joint ventures and reconciled intercompany transactions
  • Reported Annual Financial Statements as per Local GAAP
  • Analyzed financial performance of the Company through detailed variance analysis reports
  • Closed quarterly and annual audit by providing information and support to external auditors
  • Met ad-hoc Management and financial requirements by providing various financial reports and analysis
  • Coordinated effectively with multiple departments for smooth inflow of information
  • Project undertaken - Migration of Fixed Assets Registers (FAR) of 25 international branches into ERP
  • Project Aim: Replace the manual FAR with system based FAR and decentralize the accounting
  • Role: Driving the project by performing following tasks
  • Preparing the master records of fixed assets of each branch and uploading the same in ERP
  • Running depreciation reports and testing with the manual records
  • Designing the process documents for user training
  • Troubleshooting ERP issues faced by remote end users

Financial Analyst

The Hongkong And Shanghai Banking Corporation
03.2011 - 09.2011
  • Prepared monthly management reports on the financial performance of various lines of business
  • Prepared standardized and customized financial reports for management requirements
  • Financial reporting of wholesale banking business in Cognos TM1 reporting system
  • Performing month end fund transfer pricing adjustments, deposit incentive adjustments
  • Participate in preparation of rolling operating budgets of the bank
  • Managed Information requests of Senior Management
  • Preparing daily Asset Liability Management statement to monitor bank's liquidity requirements
  • Ensured regulatory compliance through timely submission of financial reports to the Central Bank
  • Prepared Daily Profit and Loss and Balance Sheet report and circulated it to Business heads

Management Trainee

The Hong Kong Shanghai Banking Corporation
04.2009 - 03.2010
  • Preparing daily Asset Liability Management statement for liquidity purposes
  • Ensured regulatory compliance through timely submission of financial reports to the Central Bank
  • Prepared Daily Profit and Loss and Balance Sheet report and circulated it to Business heads

GDK Associates
01.2006 - 01.2009
  • Trained a team of 10 interns
  • Completed numerous Taxation, Accounting and Auditing assignments for small businesses and individuals
  • Major Assignments: Vendor Reconciliation of a Public Company, Audit of Public Companies
  • Major Achievement: Substantial refund of Sales Tax Liability of a Public Company crystallized by the Audit

Education

CPA Australia - Accounting And Finance

CPA Australia
Melbourne, VIC
06.2016

Chartered Accountant - Accountancy, Costing, Financial Management

Institute of Chartered Accountants of India
Mumbai
01.2011

Bachelor of Commerce - Accountancy And Economics

Mumbai University
Mumbai
06.2008

Skills

  • Working with People and Teams
  • Financial Management, Budgeting and Variance Analysis
  • Microsoft Office (Excel, Access, Outlook, Teams, Word, PowerPoint)
  • SQL
  • Mondaycom
  • NetStuite (Oracle)
  • SAP and JDE ERP Systems
  • Hyperion Financial Management (HFM), TM1 Cognos (for consolidation purposes)

Accomplishments

  • Integrated NetSuite with SAP Ariba systems for automation of invoicing resulting in a time saving of 0.75 FTE, eliminating manual handling and improving cash flow by $640K, enabling tracking order pipeline of $13.5 Mn within the financial system
  • Designed the architecture of the business information system which pulls through data from multiple sources and presents real time dashboards to the key stakeholders on the daily gross margins, labour productivity and automate invoicing.
  • Finance single point of contact for implementation of monday.com as a project management tool and played a key role in providing financial information to the business heads around project costs and profitability
  • Identified revenue leakage and plugged the gap to add $100K per annum to the revenue
  • Worked on integration of financial system with warehouse management system reducing duplicate processes of creating purchase orders, goods receiving and despatches resulting in time saving of 0.5 FTE
  • Enabled tracking of consumables through warehouse management system adding $250K per annum to the revenue
  • Implemented and monitored KPI Metrics after installation of an automated picking machine
  • Created excel based financial dashboards and labour productivity reports for operations review and actions
  • Developed standard accounting processes to eliminate double handling and achieve a time saving of 1 FTE by offshoring non discretionary accounting tasks

Languages

English
Full Professional
Marathi
Native or Bilingual
Hindi
Full Professional

Timeline

Finance Manager

TIC Group Pty Ltd
03.2016 - Current

Accountant

TATA Communications Limited, TATA
06.2013 - 05.2015

Accountant

KEC International Limited
02.2012 - 05.2013

Financial Analyst

The Hongkong And Shanghai Banking Corporation
03.2011 - 09.2011

Management Trainee

The Hong Kong Shanghai Banking Corporation
04.2009 - 03.2010

GDK Associates
01.2006 - 01.2009

CPA Australia - Accounting And Finance

CPA Australia

Chartered Accountant - Accountancy, Costing, Financial Management

Institute of Chartered Accountants of India

Bachelor of Commerce - Accountancy And Economics

Mumbai University

Chess Enthusiast, Family person

Since beginning of COVID-19 i took interest in playing chess and it has not converted into a hobby. In my spare time i log on to lichess.org and play quick games. Lichess.org is a chess platform for online game play and matches one with similar level of players, as one gets better they are pitted agains stronger players thereby testing one's limit. My current rating is 1279 which means I am better than 31.5% of blitz players on lichess portal.


Since September 2022, I have my daughter as a new addition to the family and I love to spend time with them after work and on weekends. 


Hobbies and Personal Interests

Since beginning of COVID-19 i took interest in playing chess and it has now converted into a hobby. In my spare time i log on to lichess.org and play quick games. My current rating is 1279 which means I am better than 31.5% of blitz players on lichess portal.


Since September 2022, I have my daughter as a new addition to the family and I love to spend time with my daughter and my wife after work and on weekends. 


SANKET HINGNE