CA Pankaj Deshmukh
CA and CS
Pune
Summary
Meticulous and result oriented finance professional seeking a challenging role in an organization of repute. Currently working as Vice President-Accounts and finance in Poonawalla Fincorp Limited group, 15 years of post-qualification experience in Accounts & Finance function across various industries such as IT & ITES Company, NBFC- Fintech Company and manufacturing sectors. Worked in audit and assurance in reputed firm of Chartered Accountants in diversified areas.
Overview
12
12
years of professional experience
12
12
years of post-secondary education
3
3
Languages
Work History
Vice President - Accounts and finance
Poonawalla Fincorp Limited
11.2019 - Current
- Managing the entire spectrum of finance including FP&A, Accounting, Treasury, Taxation, OPEX, AR, AP, Reconciliations
- People manager and a leader
- Supervises the India Controllership Function, manage audit, taxation, compliances, implementing process excellence, and collaborating with the Finance/Firm leadership to maximize success and effectiveness
- Successfully partnering with the business and streamline / automate finance as a process
- Responsible for overall financial hygiene / ownership for books of accounts for public limited entity from Poonawalla Group
- Manage internal and external auditors, responsible for handling of audit of the financial statements & Various consultants (IGAAP and IND AS)
- Created a environment of internal control within the Organisation to foster compliances to local laws, adhere policies and principles, defined the scope of internal auditors, Preparation of SOP and policies
- Participate in preparation of Budgetary and Investor Presentations
- Conduct periodic reviews and evaluations for cost-reduction opportunities
- Correspond with various other departments, discussing company plans and agreeing on future paths
- Review Monthly Accounts Closing, Analysis of GLs, TDS, GST and other routine monthly closing activities
- Be Aware and updated about the latest Accounting polices (including INDAS) for implementation of the same with the company and its group entities
- Independently Manage Internal and External Audit Engagements
- Ensure completion of Board & Shareholders approvals for the Accounting and Audit procedures
- Strengthen Accounting and IT related processes to enable smooth Accounting function
- Provide financial reports and interpret financial information for management and recommend further courses of action from management accounting point of view as part of monthly MIS activity
- Key member in transition of Magma to Poonawalla Fincorp.
Regional Controller- India
Optiva India Technologies Private Limited
06.2016 - 11.2019
- Responsible for heading accounts, finance and administrative department as a India controller
- Supervising team of 8 people from finance, administration and HR department within India and abroad
- Head - finance & accounts, Oversee daily operations of the finance department, set goals and objectives
- Extensive experience in designing financial processes and framing KRA's for accounts staff to be met
- Closing books of accounts as per Indian AS/GAAP and IFRS in NetSuite ERP, review GL, Preparation of financial statements, Balance sheet reconciliations and other deliverables for audit on quarterly basis
- Managing big 4 accounting firms as auditors for statutory audits under companies act, Tax audit
- Secretarial / legal function
- Managing Direct & Indirect Taxes including GST & Transfer pricing, carry out computation of the income and prepare for the payment of advance tax
- Worked on compounding of the offences under NCLT, close dealing with MCA on various compliances such as STK notices, DPT3, MSME returns etc
- Worked on streamlining the labour law compliances across all locations of an entity
- Worked on GST implementation in India at the time of its introduction
- Successfully closed the SEZ unit based in Kolkata FALTA SEZ after taking necessary approvals such as customs NOC, approval from SEZ authorities and worked on office cost optimization project post-acquisition of entity
- Received appreciation letter from the management.
Deputy Manager- Accounts and Finance
Crest Premedia Solutions Pvt. Ltd.
07.2013 - 06.2016
- Finalisation of accounts: Responsible for monthly as well as yearly finalization of accounts into SAP
- Involved in the activities such as close books of accounts at month end and year end, review of transactions recorded in the books, GL postings ,actions on reversal entries, making provisions for expenses and prepayment entries into SAP, generating and monitoring profit and loss account on monthly basis, comparing the same on MOM and YOY basis etc
- Audits & taxation: Handled statutory audit (Big 4 audit firm), tax audit
- Liaison with statutory auditors and group auditors, providing necessary inputs/ extracts/agreement/ deed set for verification
- To ensure that it gets completed within minimum stipulated time by adhering to the necessary company law compliances
- Involved in Advance tax calculation, computation of provision for income tax&taxable income of the company
- SAP: Hands on experience into SAP ERP system being well versed with T codes upto posting and reporting levels, Actively involved in atomization of reports into SAP with support of internal SAP functional / development team
- Special Economic Zone & Software Technology Parks of India compliances: Filling monthly as well as yearly performance reports with SEZ authorities, Online filling of MPR's and APR's with the authorities, handled bonding-de bonding of SEZ goods, FIRC endorsements and filling of SOFTEX forms.
Assistant Manager- Accounts
Emcure Pharmaceuticals Limited
04.2012 - 02.2013
- Books closing & Preparation of financial statements
- Ensuring accuracy of Books of Account by undertaking various month close activities
- Handling accounting related issues of foreign subsidiaries of the holding company, interaction with auditors of such entities, providing extracts and getting audit done, preparing financials in revised schedule VI, Cash flow statements as per AS-3, notes to accounts etc
- Preparation of financials for foreign subsidiaries i.e Dubai, Nigeria, South Africa entities
- SAP R3 ERP - Review of accounting in SAP R3 environment, extracting data and analyzing on need basis through SAP, Well versed with various transaction codes and SAP functions
- Audit Responsibility- Internal as well as external
- Fulfilling the requirement and face to face interaction with the auditors mainlyBig 4 accounting firms
- Providing auditors with schedules, notes to accounts, financials
- Handling audit queries.
Sudik K Pareskh&Co.,Pune
1 2011 - 3 2012
- Execution of Internal & Statutory audits of reputed companies
Joshi and Kulkarni Chartered Accountants, Pune
- Articleship Experience - Joshi and Kulkarni Chartered Accountants, Pune- – 3 years
Education
C.A Final -
ICAI-Mumbai Chapter
ICAI 04.2006 - 11.2010
C.S. Final -
ICSI-Mumbai Chapter
ICSI 04.2006 - 12.2009
B.Com - Financial Accounting And Audit
Pune University
Pune 03.2003 - 03.2005
H.S.C -
Latur Board (Maharashtra)
01.2001 - 01.2003
Skills
Financial Controller
Chief Financial Officer
Oracle Fusion ERP
Netsuite ERP
MS Dynamics 2016
SAP-R3
Cost Control
Handled entire spectrum of Accounting
Personal Information
- Date of Birth: 04/05/85
- Marital Status: Married
Timeline
Vice President - Accounts and finance
Poonawalla Fincorp Limited
11.2019 - Current
Regional Controller- India
Optiva India Technologies Private Limited
06.2016 - 11.2019
Deputy Manager- Accounts and Finance
Crest Premedia Solutions Pvt. Ltd.
07.2013 - 06.2016
Assistant Manager- Accounts
Emcure Pharmaceuticals Limited
04.2012 - 02.2013
C.A Final -
ICAI-Mumbai Chapter
04.2006 - 11.2010
C.S. Final -
ICSI-Mumbai Chapter
04.2006 - 12.2009
B.Com - Financial Accounting And Audit
Pune University
03.2003 - 03.2005
H.S.C -
Latur Board (Maharashtra)
01.2001 - 01.2003
Sudik K Pareskh&Co.,Pune
1 2011 - 3 2012
Joshi and Kulkarni Chartered Accountants, Pune
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