Summary
Overview
Work History
Education
Skills
Timeline
Generic
CA. Abhishek Modi

CA. Abhishek Modi

Jaipur

Summary

Vice President of Finance and Accounts with extensive expertise in managing finance functions for multinational entities, specializing in financial statement preparation, tax compliance, and budgeting. Over 8 years of experience in leading finance teams and streamlining accounting procedures, proficient in tools such as QuickBooks and Tally ERP. Demonstrates a strong analytical approach to financial management, ensuring accuracy and efficiency in all operations, while seeking opportunities for innovation and growth.

Overview

12
12
years of professional experience

Work History

Vice President – Finance and Accounts

Formidium India Pvt. Ltd., Jaipur
Jaipur
01.2022 - Current
  • Company’s business: Fund administration, SaaS.
  • Profile: Manage the finance and accounting function of the Indian entities of the group, and report to the finance controller.
  • Responsibilities:
  • Managing the books of accounts and establishing Formidium Group's overall accounting procedures and practices.
  • Preparation of financial statements (consolidated and standalone).
  • Handling payroll and related compliance.
  • Month-end and year-end closing of books of accounts.
  • Managing the external auditors, as well as the internal auditors.
  • Organizing and controlling the group's cash requirements.
  • Budgeting and forecasting of expenses for the group.
  • Ensure timely tax compliance, such as TDS compliance, tax audit, ITR filing, income tax assessments, transfer pricing compliance, GST compliance, GST refunds, etc.
  • Review and finalization of various agreements.
  • Effectively managed relationships with external stakeholders, including bankers, government authorities, external auditors, and regulatory bodies, ensuring smooth communication and compliance with relevant requirements.
  • Lead automation and process improvement initiatives, streamlining workflows, and reducing manual efforts, resulting in increased efficiency and reduced errors.
  • Tool/software: QuickBooks Online.

Senior Associate – Financial Services

PwC SDC, Kolkata
Kolkata
12.2020 - 12.2021
  • Profile: Handling statutory audits of some of the largest real estate entities in the Canadian region.
  • Experience in handling a team of 3 to 4 people.
  • Performed various audit procedures, such as:
  • Planning the scope and strategy of the work to be performed.
  • Setting up materiality, tolerable error, and testing threshold.
  • Getting involved in planning meetings for making the audit plan and allotting the work.
  • Planning, execution, and delivery of the clients I handle, as well as assisting lead seniors.
  • Involved in end-to-end audits of areas such as cash, fixed assets, intangible assets, debtors, HST, and accounts payable.
  • Detailed testing of revenue and expenses, including daily communication with the client regarding queries, etc.
  • Review of agreements, legal documents, and board minutes.
  • Roll forwarding of planning, execution, and conclusion EGAs relating to audits.
  • Tool/Software Used: Aura Platinum, Connect, Yardi.
  • Rewards and Recognitions Received: Spot Award for remarkable contributions made to the engagements, and received appreciation emails from the client and global PwC team for the quality of work delivered within stringent timelines.

Executive – Finance and Accounts

Liebherr CMCtec India Pvt. Ltd., Pune
Pune
12.2018 - 12.2020
  • Company’s business: manufacturing of tower cranes, design and engineering services to a German holding company, and after-sales services.
  • Profile: Manage the various aspects of the accounts department, and report to the manager and director (finance and accounts).
  • Responsibilities:
  • Managing the books of accounts, and establishing overall accounting procedures and practices.
  • Preparation of financial statements. (Special Purpose Financials as per IFRS for the Calendar Year and IGAAP Financials for the Financial Year)
  • Preparation of detailed MIS on a monthly basis.
  • Managing the external auditors, as well as the internal auditors.
  • Preparation of planning reports and their variance analysis three times a year for the next five years.
  • Direct Tax Compliances: TDS Compliances, Income Tax Assessments, and Transfer Pricing Assessments.
  • Accounts Receivable Management and Accounts Payable Management.
  • Compliance with Liebherr Group requirements.
  • Coordination with bankers for loan facilities has been taken up.
  • Participated in a two-week training program held in Biberach, Germany.
  • Tool/Software Used: Baan

Assistant Manager – Finance and Accounts

IL&FS Transportation Networks Limited
03.2017 - 11.2018
  • Company’s business: Build, operate, and transfer road assets, and other allied services.
  • Profile: Manage the various aspects of the accounts department, and report to the manager and director.
  • Responsibilities:
  • Handling the books of accounts of the Road Infrastructure Development Company of Rajasthan Limited, RIDCOR Infra Projects Limited, and four other companies.
  • Direct and indirect tax compliance.
  • Financial planning and management.
  • Budgeting, forecasting, and analysis of variances.
  • Managing statutory auditor, internal auditor, and cost auditor.
  • Preparation of monthly MIS.
  • Monitoring compliance with financial covenants with respect to loans taken from various banks.
  • Tool/Software Used: Tally ERP

Article Assistant

A. Bafna & Co., Jaipur
Jaipur
10.2013 - 10.2016
  • Handled statutory audits, consolidation of financial statements, and tax audits of companies & firms engaged in number of sectors across India.
  • Major companies among above include:
  • Shreya’s India Private Limited (Masterbatch / Antifab)
  • Arora’s JK Natural Marbles Limited (Marble).
  • JRK Industries Private Limited (Galvanization).
  • Star Global Endura Limited. (PP Yarn).
  • Knowledge of internal processes, checks & controls of various industries.
  • Other Assignments-
  • Filling of income tax returns, TDS Returns.
  • Tool/ Software Used: Tally ERP, Compu Office

Education

Dip. in IFR -

ACCA Global
06.2024

CA final -

CA- ICAI, India
India
05.2016

B.Com -

MGSU, Bikaner
Bikaner, India
01.2015

Class XII -

RBSE
India
01.2012

Class X -

RBSE
India
01.2010

Skills

  • Financial reporting
  • Budgeting and forecasting
  • Tax compliance
  • Account reconciliation
  • Payroll
  • Industry regulations
  • Process improvement and automation

Timeline

Vice President – Finance and Accounts

Formidium India Pvt. Ltd., Jaipur
01.2022 - Current

Senior Associate – Financial Services

PwC SDC, Kolkata
12.2020 - 12.2021

Executive – Finance and Accounts

Liebherr CMCtec India Pvt. Ltd., Pune
12.2018 - 12.2020

Assistant Manager – Finance and Accounts

IL&FS Transportation Networks Limited
03.2017 - 11.2018

Article Assistant

A. Bafna & Co., Jaipur
10.2013 - 10.2016

Dip. in IFR -

ACCA Global

CA final -

CA- ICAI, India

B.Com -

MGSU, Bikaner

Class XII -

RBSE

Class X -

RBSE

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CA. Abhishek Modi