CA Nitish Kumar

• Building strong working culture in GSC (Global Shared Centre) to keep team motivated
• Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
• Develop/update financial accounting policies, processes to improve the controls across the function
• Ensure adherence to policies and ensure key principles such as Delegation of Authority and Segregation of Duties are adhered to Ensure that the GSC team is well trained, has access to the tools they need to complete their functions
• Partnering with Global process owners to ensure smooth workflows and continuous improvement
• Monthly closing books for GSC areas and finalization of Novotech India books, ensuring compliances and liaison with auditor
• Followed up with delinquent accounts to obtain funds and reduce aging balances
• Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management
• Provided treasury and cash management by overseeing reconciliation of banking activity and credit card processing
• Managed outstanding balance amounts by evaluating reports and determining collection statuses.

• Delivered trainings on several IFRS standards conducted by EY, India
• Have been on secondment to TESCO, worked on FRS 101, FRS 102, and IFRS financial reporting,
• Impairment testing for inter group investments, build SOP and implemented controls for impairment and financial statement, handling audit queries on behalf of client for timely completion of audits
• Closing working with Director & Partner for business development activities for FAAS services
• Handed GAAP Conversion assignments from IGAAP to IFRS
• Been to EY CoE FAAS to assist the global arm of EY US and Canada for FAAS assignments
• Mentored audit trainees and associates and provided formal feedback
• Managed client relationship as primary link between clients and firm top management
• Cross-trained existing employees to maximize team agility and performance
• Onboarded new employees with training and new hire documentation
• Maximized performance by monitoring daily activities and mentoring team members.

• Led the adoption of first time Indian Accounting Standard (IND AS)
• Implemented the IND AS 116- Leases independently for the company
• Implemented new processes, strengthened existing processes, and improved accounting policies for several areas such as bank reconciliation, accounting of bank charges, commissions, business accounting and EIR
• Responsible for monthly calculation of commissions and end to end accounting along with payment
• Responsible for monthly book closure, preparing monthly MIS and analysis for variances, accounting of ECL (expected credit loss) on the loan book as per IND AS 109
• Coordinating several internal and external teams such as internal, external auditor, business team,collection team and compliance team
• Involved in new project/ system implementation team and assisting in vendor selection and providing requirement from finance and accounting
• Reported directly to VP of Finance, Accounts and Treasury

• Worked as a Shadow Manager and reported directly to responsible Managers, Associate Directors, Directors and Parners
• Managers with full responsibility of audits under IFRS and ISA
• Mentored seniors, executives and trainees and provided formal feedback
• Reviewing & managing the budgets and monitoring engagement profitability
• Led audit team, client engagement, risk assessment, audit approach, project management etc
• Key contact between the client and KPMG for engagement under portfolio which include key client executive e.g., CFO, Finance Controller and Managers
• Taking lead in the management discussions during the audit kick off meetings, closing meetings and any others
• Performed and analyzed first time adoption impacts of IFRS on the financial for clients
• Performed audit procedures, control testing, prepared analytical review of financial statement,substantial analytical procedure, and other audit procedures (including stock verification) of various areas
• Performed test of design (TOD) and test of operating of effectiveness (TOE) under the ICFR and
• Control testing (SOX) and Agreed upon Procedures (AUP) for different clients.

Been on short term secondment for busy season audits at Doha, worked with the diverse nationalities and delivered key audits.