Stock Markets & Cryptos
Nikhil Diwadkar
Chartered Accountant
Dubai
Summary
Skilled Finance and Accounting professional bringing in more than 20 years of experience working with Multinational organizations including Start-ups. Proven leadership and successful in leading teams in achieving financial goals. Accomplished in working with executive leaders to develop business, financial and growth strategies.
Overview
24
24
years of professional experience
9
9
years of post-secondary education
6
6
Certifications
3
3
Languages
Work History
Group Financial Controller
Moby Media FZC
Dubai
04.2011 - 09.2016
- Created and distributed reports on internal and external finances, audits and budgets.
- Successfully managed to prepare and get financials of 11 Companies in group (including Consolidations) audited by Big 4 Auditor for 3 historical years as soon as I joined Moby and thus enabled due diligence by investing partner.
- Worked closely with CEO and CFO of Moby Group and managed Accounting, taxation, audits, financial reporting of all group entities.
- Played pivotal role as part of Moby's executive team of for execution of their deal with Newscorp, including pre-investment due diligence and then handled post-investment integration of group systems and procedures
- Reduced waste and boosted productivity by restructuring finance and accounting departments.
- Played major role in implementing Microsoft AX ERP software throughout Moby group
- Managed to successfully complete tax assessments of all group entities with tax consultants' help
- Took lead in identifying and driving performance improvement initiatives to substantially reduce costs to achieve growth in Moby's profitability.
Vice President of Finance
Taj TV Ltd
Dubai
09.2001 - 02.2011
- Controlled accounting operations and oversaw transactions related to payroll, financial reporting, payables and receivables.
- Responsible for consolidation of financials of group companies in various jurisdictions
- Managing working capital, banking and taxation matters of group.
- Coordinated and studied financial audits to provide recommendations for procedural improvements.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Analyzed business plans to validate and identify investment opportunities.
- Developed financial analysis and business plans for proposed acquisitions, partnerships and investments.
- Reduced process discrepancies through measured implementation of performance reporting and data systems.
- Drove profit increases through market research and strategic asset management to meet dynamic industry conditions.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Supported operations management, sales and marketing efforts to increase revenue and overall financial health.
- Maintained responsive organization with sustained revenue growth through industry forecast monitoring and deliberate financial planning.
- Ran comprehensive cost/benefit analyses before suggesting new business movements and decisions.
- Partnered with operational leadership to develop financial business plans with detailed benchmarks across all 6 departments of Taj TV.
- Involved in structuring of Company and played major role in re-domiciling Company from British Virgin Islands to Mauritius with a view to minimize Company's tax exposure in countries where its television channels are broadcast, after researching with help of tax consultants in various jurisdictions
- Partnered with legal and tax consultants in drafting Company's agreements with its advertising agents, distributors of its channels, licensees, etc. and registering Company trademarks in various jurisdictions
Manager of Accounts and Finance
Sony Music Entertainment India Pvt Ltd
Mumbai
03.1997 - 09.2000
- Supported year-end audits by preparing physical and digital records for review.
- Processed vendor payments, invoices and account statements.
- Administered expenses in line with forecasted business demands and available income.
- Maintained policy, procedure and regulatory compliance business-wide.
- Developed annual and multi-year budgets to meet organizational needs.
- Reconciled balance sheets and income statements each month.
- Analyzed monthly balance sheets, income statements and cash flow information and wrote up reports.
- Processed payroll for employees and reported payroll taxes for organization.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Established and enforced internal controls, workflows and policies for tracking, reconciling and reporting on accounting activities.
- Recruited, interviewed and 10 employees and implemented mentoring program to promote positive feedback and engagement.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Validated existing accounting management and reporting systems to assess quality and conformance, identify problems and implement corrective actions.
- Supported financial director with special projects and additional job duties.
- Complied with established internal controls and policies.
Assistant Accounting Manager
Cyanamid India Limited
Mumbai
09.1989 - 04.1995
- Managed banking reconciliations and monthly balance sheet statements.
- Supported change management by understanding and addressing impacts of new accounting policies, financial statement initiatives and non-standard transactions.
- Applied proper codes to invoices, files and receipts to keep records organized and easily searchable.
- Managed journal entries, collection efforts, reconciliations and payroll processing.
- Organized budget documentation and tracked expenses to maintain tight business controls.
- Investigated daily variances and corrected errors to resolve discrepancies.
- Implemented budget and expense controls and financial policies by analyzing income and expenditures.
- Stayed on top of applicable federal and state requirements to minimize legal and financial risks.
- Reduced liabilities by accurately managing tax statements, mailings, journal entries, payments and transfers.
- Validated existing accounting management and reporting systems to assess quality and conformance, identify problems and implement corrective actions.
- Performed routine closings, maintained clean, accurate and accessible records and kept close eye on transaction updates throughout each quarter.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Established and enforced internal controls, workflows and policies for tracking, reconciling and reporting on accounting activities.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
Education
Chartered Accountant - Accounting
Institute of Chartered Accountants of India
India 04.1987 - 04.1991
Bachelor of Commerce - Accounting And Finance
University of Mumbai
Mumbai, India 04.1981 - 03.1986
Skills
Developing and Implementing Financial Processes
Accounting management
Communication and inter-personal skills
Pricing and costing
IFRS proficiency
Corporate Taxation
Internal control management
Financial Management
Strategic planning
Budgeting
Financial planning
Accomplishments
- Best Controller of the Group, Bukhatir Group of Companies, 2006
- One of the very few senior and key management members in the Company to be rewarded by the stakeholders on successful completion of the deal of acquisition of the Company for my role in the due-diligence and in Company's success from start-up to the completion stage
Affiliations
- Associate Member of the Institute of Chartered Accountants of India
- Member of the Dubai Chapter of ICAI
Certification
Leading People and Leading Change by News Corporation training team
Interests
Cricket & Badminton
Teaching
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Certificate of Attendance on 7 days Workshop on Transfer Pricing
10-2022
Certificate of Attendance on 7 days workshop on VAT
10-2019
Certificate of Participation in the workshop on Valuation Techniques, Due Diligence, SPA's and Post Deal Management by ICAI
02-2017
Financial Management for US Government Funding by Inside NGO
10-2014
Foreign Corrupt Practices Act (FCPA) from News Corporation
11-2013
Leading People and Leading Change by News Corporation training team
06-2012
Group Financial Controller
Moby Media FZC
04.2011 - 09.2016
Vice President of Finance
Taj TV Ltd
09.2001 - 02.2011
Manager of Accounts and Finance
Sony Music Entertainment India Pvt Ltd
03.1997 - 09.2000
Assistant Accounting Manager
Cyanamid India Limited
09.1989 - 04.1995
Chartered Accountant - Accounting
Institute of Chartered Accountants of India
04.1987 - 04.1991
Bachelor of Commerce - Accounting And Finance
University of Mumbai
04.1981 - 03.1986