Summary
Overview
Work History
Education
Skills
Websites
Timeline
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ANKUSH PATNI JAIN

Bangalore,Karnataka

Summary

Experienced finance professional with 16 years of progressive experience (including Articleship) in Finance, Accounts, MIS, FP&A, and Control Operations across various industries including Ecommerce, Manufacturing, Financial Services, IT/ITES, FMCG, and Retail organizations.

Highly collaborative Director of Finance with strong skills in statistical analysis and performance. Poised and sharp with skill to translate financial metrics into actionable details. Exceptional performance outlining strategic financial directions for business growth.

Equipped with strong problem-solving abilities, willingness to learn, and excellent communication skills. Poised to contribute to team success and achieve positive results. Ready to tackle new challenges and advance organizational objectives with dedication and enthusiasm.

Results-oriented achiever with proven ability to exceed targets and drive success in fast-paced environments. Combines strategic thinking with hands-on experience to deliver impactful solutions and enhance organizational performance.

Overview

10
10
years of professional experience

Work History

Head of Finance Consulting

Multiple
01.2024 - Current
  • Verified compliance of financial policies and accounting procedures against federal regulations.
  • Analyzed financial statements against forecasts to prepare high-level variance analysis.
  • Enhanced internal control systems and procedures to mitigate risk and support opportunities.
  • Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
  • Strengthened Royalty and Technical Support calculations and reporting by proactively managing and optimizing the frequency of the calculations and source of data.
  • Framed and complied with established internal controls and policies.
  • Developed strategic plans for day-to-day financial operations.
  • Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
  • Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
  • Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
  • Utilized financial software to prepare consolidated financial statements.
  • Created financial dashboards to provide insights into key performance indicators.
  • Prepared internal and regulatory financial reports, balance sheets and income statements.
  • Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
  • Improved overall financial reporting by streamlining control processes and reporting structures.
  • Evaluated and negotiated contracts to procure favorable financial terms.
  • Collaborated with C-level executives and stakeholders to develop long-term financial plans.

Finance Director

MobilizAR Technologies Pvt Ltd (PlayShifu.com)
03.2021 - 12.2023

Key achievements:

  • Successfully formulated and delivered business plans, VAT refunds (International), US Tax Compliances (Federal and State) GST audits, Equity Fund Raise, Debt Fund raise (Both India and International), Investors communication, MIS publication, Statutory audits, Due Diligence, Transfer Pricing etc
  • Completion of timely audits including Statutory, Tax & Internal Audits and managing finance processes to ensure zero slippages
  • Successfully got a refund of Euro 73 Thousand from Irish VAT Department and GBP 65 thousand from UK VAT Department after completion of audits of the filings without any costs incurred, all coordinating from India
  • Successfully raised equity fund of approx USD 5 Million over a period of 2 financial years
  • Successfully raised debt fund of approx USD 16 Million over 3 years' to ensure adequate cash for working capital needs for the peak season and maintaining runway
  • Completed Due Diligence for the Company, done by a Big4 agency, with minimal observations wherein the risks of such observations were moderate or low
  • Streamlined compliances for USA (3 states), Ireland, UAE and UK for the business and ensured timely filings of the returns

Key responsibilities:

  • Spearheading a team of 5 members
  • Consolidation, ODI Investments, Investor Communications, Global Compliances, US GAAP, IGAAP, Budgeting and Forecasting, Cash Flow Management etc.
  • Work with internal stakeholder and Board Members in strategic discussions and preparing business plans
  • Handling finalization of monthly consolidated MIS (India GAAP & USA GAAP) and ensuring accurate accounting related records & transactions
  • Building business plans & supervising progress against the plan assessment of corporate development plans, multi-year plan & opportunities via advance modeling
  • Working with business teams and functions to drive commercial negotiation and contract closure, margin improvement and cost efficiencies;
  • Contracts and agreements negotiations like SHA and SSA, sale agreements etc and successful closure of the same
  • Focus on automation and process improvements through-out various processes
  • Analyzing and make improvements regarding financial accounting and control systems

Senior Manager - Finance

Naffa Innovations Private Limited (ToneTag.com)
04.2019 - 03.2021

Key achievements:

  • Successfully saved the company around INR 2.5 million in GST Credits from Vendors
  • Successfully secured GST refunds of above INR 7 million (over 2 FYs) for the Company to help boost the cash flow
  • Helped the company reduce costs and prolong the runway from 4 months to 12+ months
  • Successfully assured collections from customers to ensure Bad Debt losses of the company is reduced around INR 4 million and provided financial stewardship in areas of Finance & Accounts, Treasury Management, GST, Statutory Compliances & Internal Audit
  • Was the first hire in the finance team internally and helped the company build an in-house finance team, building a robust finance team which helped in regularization of books and increase in Investors confidence.

Key responsibilities:

  • Spearheaded a team of 4 members across various functions like accounts payable, accounts receivable, MIS, AR / AP management, budgeting, general ledger & accounting and finance
  • Automation of nodal settlement to merchants and the associated reconciliation around the same
  • Regularly prepared monthly/quarterly management & Board of Directors report pertaining to underlying performance of business, leading indicators & key metrics and controlling cash flow, approving payments, communicated with bank representatives about credits, credit lines, overdrafts and other finance related activities
  • Submitted monthly dashboard reports for tracking key performance metrics including profitability & utilization and analyzed working capital & cash flow, oversaw collections to ensure on-time payment from clients
  • Handled investor queries & addressing Investor concerns within defined TAT and implemented processes & leading automation to ensure error free transactions
  • Proactively participated in Board Meetings and handled Board queries pertaining to Financials and acted as a single point of contact for all Finance Matters
  • Published and provided Monthly Analysis package focusing on performance and variance analysis and handled administration function for the operating unit & ensured compliances with PF, PT, GST and Income Tax and so on

Finance Manager

Zero Efforts Private Limited (Gozefo.com)
11.2017 - 04.2019

Key achievements:

  • Handled 10 different entities compliances, bank payments, bank receipts, books of accounts etc with a team of 3 members
  • Earned recognition for streamlining the inventory management process and implemented a payment checking mechanism (reducing errors to nil)
  • Successfully completed reconciliations with major e-commerce vendors saving approx INR 4.5 million
  • Assisted the company in raising debt capital of INR 75 million during Diwali season

Key responsibilities:

  • Spearheaded the reporting mechanism development to assist the company in undertaking critical business decisions
  • Successfully implemented on-time payments of TDS & GST thereby saving interest and ensured timely payment of interest to investors strengthening their confidence
  • Executed vendor setup and payment, administration of bank accounts and account reconciliations.
  • Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
  • Established internal audit procedures to validate and improve accuracy of financial reporting.
  • Checked vendor payments, commissions, statutory compliances and other accounting disbursements for accuracy and compliance.
  • Improved overall financial reporting by streamlining control processes and reporting structures.

Consultant & Associate Consultant

KPMG India
08.2015 - 10.2017

Key Achievements:

  • Spearheaded a team of 5-10 members on assignments and organized internal audit & risk assessment, SOX and internal financial control industries such as E-Commerce, Manufacturing, IT/ITES, Retail, Real Estate, FMCG and Financial Services
  • 99% usability and deployment at client's engagements
  • Received multiple acknowledgements from Clients and Partners on the engagements for the value addition and the observations in the audit reports
  • Earned recognition (Kudos award) by KPMG and received appreciation letters from clients

Key Responsibilities:

  • Risk based internal audit of one of the largest e-commerce companies in India, leading IT/ITES Company, Real Estate Company, Automotive Manufacturing, E-commerce etc
  • Acted as Team Lead for various Internal Financial Control engagements in Automobiles, Ecommerce, Financial Services, FMCG and SOX Engagements for leading lifestyle e-commerce company in India
  • Single handedly led assignments and delivered the work for the customers.

Education

Association of Chartered Certified Accountants (ACCA) - Accounting And Finance

Association of Chartered Certified Accountants
Bangalore, India
12-2018

Bachelor of Commerce - Accounting And Finance

Bangalore University
Bangalore, India
03-2012

Chartered Accountant Inter - Accounting And Finance

Institute of Chartered Accountants of India
Bangalore, India
11-2011

Skills

  • Financial & Strategic Planning
  • Accounting & Reporting
  • Tax Accounting and Preparation
  • Financial Reporting and Analysis
  • P/L Management
  • Internal & Statutory Audit
  • Direct & Indirect Taxation
  • International Taxation including Transfer Pricing
  • Equity and Debt Raise
  • Tally
  • Oracle
  • SAP
  • PeopleSoft
  • MS Office Suite
  • Corporate governance
  • Cash flow management

Timeline

Head of Finance Consulting

Multiple
01.2024 - Current

Finance Director

MobilizAR Technologies Pvt Ltd (PlayShifu.com)
03.2021 - 12.2023

Senior Manager - Finance

Naffa Innovations Private Limited (ToneTag.com)
04.2019 - 03.2021

Finance Manager

Zero Efforts Private Limited (Gozefo.com)
11.2017 - 04.2019

Consultant & Associate Consultant

KPMG India
08.2015 - 10.2017

Association of Chartered Certified Accountants (ACCA) - Accounting And Finance

Association of Chartered Certified Accountants

Bachelor of Commerce - Accounting And Finance

Bangalore University

Chartered Accountant Inter - Accounting And Finance

Institute of Chartered Accountants of India
ANKUSH PATNI JAIN