Abhay Sojitra
Dubai
Summary
Accomplished financial professional with expertise in financial auditing, analysis, reporting, budgeting, and risk management. A qualified Chartered Accountant who cleared the examination on the first attempt and successfully passed CFA Level 1. Proficient in optimizing financial processes, developing KPIs to drive strategic decision-making, and consolidating financial statements for multinational companies.
Overview
5
5
years of professional experience
8
8
years of post-secondary education
2
2
Certifications
3
3
Languages
Work History
Finance Manager
Allen Architecture Interiors Design FZ-LLC, Dubai
Dubai
08.2023 - Current
- Developed and managed comprehensive budgets, including rolling budgets, cash-flow forecasts to ensure financial stability and growth and prepared financial forecasts to guide future business strategies and investments
- Supported clients in cash flow management and developed budgetary frameworks for revenue and cost forecasting, enabling thorough assessments of operational sustainability
- Created detailed Management Information System (MIS) reports for executive management, providing insights into financial performance
- Conducted in-depth analysis of project profitability on both project and employee levels
- Prepared financial statements as per IFRS, analyzed various financial ratios to assess the company's financial health and performance
- Reviewing the cost structure on regular intervals and implemented cost control measures to optimize financial resources and improve profitability
Senior Financial Consultant
AY Chartered Accountants, Dubai
Dubai
05.2023 - Current
- Independently handling the financial audits of clients in various industries
- Leading a team of 4 to 5 auditors in planning and executing complex audit engagements, ensuring adherence to audit timelines and objectives
- Conducting comprehensive examinations of financial records to ensure adherence to International Financial Reporting Standards (IFRS), including but not limited to IFRS 15, 16, 9, IAS 21, and IAS 2
- Conducting comprehensive financial analysis, tracking financial performance, creating complex financial models to support business decisions, analyzing trends, variances, and financial performance against benchmarks
- Consolidating the financial statements of the various multinational companies as per IFRS 10 and other applicable regulations
- Performed with team in-depth financial risk assessments, including reviews of foreign exchange and interest rate exposures, and recommended tailored mitigation strategies to enhance stability and support business objectives
- Prepared and reviewed the FTA VAT returns with companies' VAT workings to verify the accuracy of VAT returns
- Performed Corporate Tax Impact Assessment for various clients
- Dubai
Auditor
Mayank Shah & Co., Surat
02.2020 - 02.2023
- Led statutory audits for public companies, adhering to audit standards for the textile and diamond manufacturing sectors
- Performed thorough reviews of loan advances, risk assessments, and credit quality, focusing on high-value accounts to mitigate potential financial risks
- Led a team in conducting inventory verification for public companies, ensuring accurate inventory valuation, and enhancing financial transparency through robust audit procedures
- Prepared various Management Information System (MIS) reports to present financial information to stakeholders, ensuring accuracy and transparency while identifying and addressing instances of misreporting
- Conducted comprehensive audits of insurance company branches, validating expenses and premiums across various insurance types to ensure compliance with industry regulations and standards
- Worked as a tax auditor and verified compliance with the Goods and Services Tax Act (indirect tax) provisions focusing on provisions related to the input tax credit, place of supply, date of supply, value of supply, etc
- Prepared and filed over 100 Income Tax Returns for individuals, firms, private companies, and trusts, ensuring compliance with tax regulations and optimizing tax positions
- Reviewing the general ledgers and accounting procedure
- Optimized the revenue recognition procedure as per IFRS 15 including recognition of unbilled revenue, accrued cost, contract assets and liabilities
- Analyzed VAT compliance requirements, prepared VAT returns and consulted for tax implications based on various scenarios
- Managing the monthly payroll function coordinating with HR department
- Assisted management in determining the optimal routing projects through KSA or UAE entities to maximize tax planning
Education
Pursuing CFA Level II -
CFA Institute (USA)
10.2024 - Current
CFA Level I -
CFA Institute (USA)
06.2024 - 08.2024
Chartered Accountant -
The Institute of Chartered Accountants of India
11.2018 - 11.2022
Bachelor of Commerce - Regular Curriculum
Veer Narmad South Gujarat University
05.2018 - 07.2021
Skills
Financial Modeling and Analysis
IFRS compliance and Management accounts
Forecasting and Planning
Power BI
Advanced MS Excel
Data Research and Analysis
Basic Python Programming
Certification
Financial Modeling, CFA Institute (USA)
Hobbies, Interests
Chess
Cricket
Meditation
Financial Markets
Timeline
Pursuing CFA Level II -
CFA Institute (USA)
10.2024 - Current
CFA Level I -
CFA Institute (USA)
06.2024 - 08.2024
Finance Manager
Allen Architecture Interiors Design FZ-LLC, Dubai
08.2023 - Current
Senior Financial Consultant
AY Chartered Accountants, Dubai
05.2023 - Current
Auditor
Mayank Shah & Co., Surat
02.2020 - 02.2023
Chartered Accountant -
The Institute of Chartered Accountants of India
11.2018 - 11.2022
Bachelor of Commerce - Regular Curriculum
Veer Narmad South Gujarat University
05.2018 - 07.2021