Ankit Purohit
Dubai
Summary
Experienced Chartered Accountant with a strong background in financial planning & analysis, month-end closing, statutory & internal audit, financial reporting, and accounting. Demonstrated expertise in managing teams, coordinating with team members, and serving as a team leader. Goal-focused professional known for accurate reporting and effective budget management. Over 12 years of experience handling finances, proficient in budgeting, reporting, audits, journals, expenditures, and payments.
Overview
13
13
years of professional experience
Work History
Senior Accountant
Ambassador Group of School
06.2022 - Current
- Prepare and analyze financial statements per Generally Accepted Accounting Principles
- Lead the budgeting process, collaborating with department heads to establish realistic financial goals
- Conduct variance analysis to identify trends, deviations, and areas of improvement and provide detailed financial reports to senior management, highlighting key performance indicators
- Maintain and reconcile the general ledger, oversee journal entries, accruals, account reconciliations & ensure compliance with accounting standards and regulations
- Manage and oversee the preparation of VAT returns, ensuring compliance with UAE tax regulations
- Coordinate with Statutory Auditors to ease the annual audit process, ensuring compliance with statutory requirements
- Directly manage and mentor junior accountants, provide guidance & training to ensure the team's effectiveness
- Developed and implemented a new reporting framework that provided senior management with clearer insights into financial performance, leading to more informed decision-making.
- Identify opportunities for process improvements, implement best practices & streamline accounting procedures for efficiency
Finance Manager
Capita India Private Limited
07.2018 - 06.2022
- Evaluating financial data and presenting financial reports in a correct and timely manner; clearly communicating monthly financial statements; monitoring progress, changes and keeping senior management abreast of financial status
- Coordinate and prepare the month end process like journal entries of revenue, accruals, prepayments, and flash reporting, along with all general accounting activity for the Business Unit by ensuring all financial transactions are recorded, filed, and reported
- Assisting in timely completion of Internal & Statutory audit, by preparation of various supporting documents like deferred income, amortization & prepayment, liaison with business partners and addressing query within timelines
- Review and analyze information from the general ledger and accounting records to ensure accuracy and completeness, undertake GL reconciliations, and take corrective action
- Managing a team of 20 members and accountable for the preparation and development of management and financial accounts and to provide support and services to UK Finance team
- Manage group reporting and ad-hoc analysis
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
Finance Manager
Citicorp Services India Private Limited
10.2014 - 06.2018
- Reviewing financials during the month-end period and reporting issues to finance management, comparing Actual to business plan & forecast to ensure correct month-end close & investigating unusual postings
- Prepare flash, Month Performance Report pack, processing journals entries relating to accruals and prepayments
- Support various teams with key Management reporting like HR dashboard, Monthly Performance Report
- Accountable for accurate and timely monthly / quarterly reports with regular interaction with the respective stake holders for analyzing the variances
- Supporting for Annual Business Plan & monthly Forecasting for the BU
- Balance sheet substantiation as per US GAAP
- Preparing and designing new report or models as requested by business and responsible for uploading the data for budget & Forecast in SAP
Senior Audit Executive
KPMG India & T. R. Chadha & Co.
06.2011 - 10.2014
- Extensive involvement in planning audit strategies and executing audit procedures for various listed and private Companies
- Coordinated all key items on statutory and Quarterly reviews from reviewing workpapers to organizing and clearing partner comments such as Financial Statements and Independence procedures
- Preparation of Financial Statements, notes to accounts & Auditors report as per IGAAP and lead senior for various clients taking direct ownership of an integrated audit helping in walkthrough, test of controls and substantive audit procedures.
Education
Diploma - IFRS
ACCA
01.2016
Chartered Accountant & Company Secretary -
India
01.2010
B. Com -
Mumbai University
01.2008
Skills
- Knowledge of accounting package SAP, Tally ERP, Orison & Axiom
- Value Added Tax Compliance
- MS Office
- General ledger accounting
- Financial Reporting
- Financial statement review
- Audit Support
- Generally Accepted Accounting Principles
- Variance Analysis
Accomplishments
- Successfully implemented month end process in current organization through process optimization.
- Implemented various cost-saving measures resulting in reduction of expenses.
- Successfully migrated processes from the UK & Hungary to India in Capita & Citicorp, respectively.
- Managed data migration & validation for global subsidiaries of Tata Communications Limited (Oracle to SAP).
Hobbies and Interests
- Reading
- Travelling
- Painting
Timeline
Senior Accountant
Ambassador Group of School
06.2022 - Current
Finance Manager
Capita India Private Limited
07.2018 - 06.2022
Finance Manager
Citicorp Services India Private Limited
10.2014 - 06.2018
Senior Audit Executive
KPMG India & T. R. Chadha & Co.
06.2011 - 10.2014
Diploma - IFRS
ACCA
Chartered Accountant & Company Secretary -
India
B. Com -
Mumbai University
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