Tushar Sajani

1. Treasury Management-

• Business Needs Assessment: Prepared a comprehensive business funds requirements to identify and document financial needs across the organization on live basis.
• Actuals vs. Budget: Detailed presentation on cash flow by comparing actual cash movements against the budgeted projections, identifying variances and advising on corrective actions.
• Central Treasury Collaboration: Coordinated with the Central Treasury Team to meet the organization's treasury requirements, ensuring efficient management of funds
• Banking Relationship Management: Managed relationships with banks, including opening new accounts, debt management, addressing bank queries, and handling bank guarantees and Letters of Credit (LCs).

2. Financial Planning and Analysis-

• Tailored Financial Models: Prepared different versions of the Project wise financial model customized for various stakeholders and investors, ensuring each model aligns with their specific requirements and interests
• Comprehensive Content: Incorporated essential elements such as graphical presentations, project timelines, cash flow projections, P&L projections, and order books to provide a clear and comprehensive financial overview to the investors.

3. Financial Compliance and Process implementation-

• Process Implementation- Successfully resolved the accounting queries, issues and transitioned the entities accounting process to live status within a 3-month timeframe, ensuring timely and efficient activation of real-time accounting.
• Vendor Management- Review and verify documents, Purchase Orders (PO), and invoices to ensure they meet the necessary compliance standards before releasing the payments.
• Corporate Cards/Cash management-Establish and implement a policy governing transactions made through corporate cards, control on cash transactions and monitor transactions to identify and raise concerns as needed, ensuring compliance with the set policy.
• VAT Returns- Review and verify the quarterly VAT returns. Ensured that input credit is correctly applied and that output tax is accurately calculated.

4. Financial Reporting and MIS-

• Monthly Closure Review-Examine and validate all accounting entries during the monthly financial close process to ensure accuracy and completeness.
• IFRS Compliance- Assess compliance with International Financial Reporting Standards (IFRS) and provide necessary IFRS adjustments or entries to the accounting team. (IFRS 15- Revenue recognition of construction contracts, IFRS 16- Leases etc.)
• General Ledger and Financials Review- Regularly review the General Ledger and financial statements to identify discrepancies or areas needing rectifications
• Reconciliation statements- Prepare reconciliations, including payroll, revenue, and bank reconciliations, to ensure completeness and accuracy.
• MIS Reporting: Update management with the Monthly Management Information System (MIS) report, incorporating detailed Profit & Loss (P&L) variance analysis and Balance Sheet (BS) analysis.

• Performed Group Cash Budgeting, Forecast, Cashflow management, working capital management, Treasury Presentation, daily liquidity management, facilities management
• Hedged operating results against financial market exposures- Interest rate, NDF, Forward extras, Vanila forwards, Fx forwards resulting in realized profits ranging from $500K-$1M per annuam
• Planned and utilized capital inflows, investments and analyzed feasibility of capital outflows
• Liaised with banking institutions and maintained relations for the borrowings and forex functions
• Managed trade financing activities, internal/external borrowing facilities management, margin negotiations
• Well versed with the banking KYC process and coordinated with many regional and international banks for financing facilities
• Coordinated with banks for Letter of credit (LC), Letter of Guarantee (LG), Loan Against Import (LAI), Sales & purchase invoice financing
• Led the development of annual budgets and quarterly forecasts in collaboration with department heads
• Analyzed financial data and created detailed reports for senior leadership on budgeting, forecasting, and performance tracking
• Performed complex financial analyses such as variance analysis, sensitivity analysis, trend analysis, ratio analysis
• Analyzed and review of Group's banking transactions using the Kyriba software and prepared presentation for the management.

• Prepared monthly consolidated financial statements, Budgets, forecast
• Supervised, reviewed and ensured integrity of accounting information by verifying, recording the accounting transactions done by the junior accountants
• Assuring compliances of IFRS such as IFRS 16, IFRS 9, IAS 36 for reporting purposes
• Assisted in resolving operational issues of the profit centers
• Performed AR, AP reconciliation and ageing bank reconciliations and intercompany reconciliations
• Prepared and analyzed VAT returns, Provisions, Fixed assets, Accruals, Prepayment Schedules on monthly basis
• Coordinate and follow up with the Insurance companies for overdue claims and collections
• Prepared revenue trend analysis & EBITDA analysis.

• Contributed to monthly processes including long term financial planning, forecasting and annual budgeting
• Provided FP&A support and financial analysis for Business units
• Prepared accurate, timely and insightful monthly P&L variance analysis report for the management
• Reviewed and analyzed information from general ledger to ensure completeness and accuracy and take corrective action where required
• Handled PAN India cash flow management, cash budget, and monthly cash forecasting and actuals reporting to deliver high quality financial advice, support, planning and decision making
• AP management and control on the month on month internal and external AP settlements
• Quarterly report the movement to Group Entity in France of PAN India cash and cash equivalents, foreign currency position, intercompany balances
• Prepared and analyzed cash and cash equivalents dashboard, reported to CFO India on monthly basis
• Assist in preparation of financial statements and schedules as per IFRS.

• Reporting & complying with Income Tax Act like conducting Tax Audit, Statutory Audit
• Prepared & filed Income Tax, VAT including e-returns along with computation & workings
• Managed preparation of Audit program and implementation of the same to ensure compliance of Accounting Standards and relevant laws
• Prepared Balance-sheets, Profit & Loss Accounts, Schedules, and notes to Accounts, depreciation chart, valuation of inventories & fixed assets, cash-flow statement, deferred tax calculation etc.