Harsh Gala

Achievements:-

• Drafted and Implemented SOP’s and Finance controls for ensuring smooth business functioning
• Helped company to Save INR 1.5 Mn annually in taxes by liasioning with foreign technology vendor and ensuring receipt of all critical documents for tax compliances
• Drove project for optimizing cost for outsourcing of Implementation team resulting in saving of INR 5 Mn for quarter
• Successfully delivered project to implement controls in Tally software like maker checker,3 Way match, Blacklisting/Blocking of Vendors

Job Description

• Revenue Forecasting-To work with Marketing team and Sales team to understand and create sales funnel and to create necessary action plan and to ensure corrective actions taken for any deviation from projections
• Business Finance:-Preparing Quarterly, Six-Monthly and Yearly plans and monitor same against actuals and brain storm with Head of Department for necessary plan of action to curtail any deviation from Plan.
• Finance Control’s-To ensure that there are SOP’s and controls implemented for all Financial risk and same are working effectively and efficiently .Further also to oversee and ensure all company secretarial and tax compliances are adhered to
• MIS for Investors and CEO-To prepare and provide MIS deck involving P&L along with Forecast and Budget vs Actual to investors on timely manner along with reasons and proposed corrective action plans if any
• Treasury Management- To maintain and monitor fund flow and cash flow on daily basis and ensuing to maintain working capital at optimum level.
• Tax Compliances-Laisioning with indirect and direct taxation team of Investor company to ensure all tax compliances of company.
• Audit Management-To liaison with Internal and External Auditors to ensure smooth audit functioning and ensuring all audit observation are resolved
• Team Management-To review work of entire finance team on daily basis and ensuring team KPI are aligned with organization level goals
• Further to play mentor's role for team members to help them enhance their skills and improve work efficiency.

Achievements: -

• Part of Core team for successful placement of IPO in year 2020.
• Drove automation project for sales posting in Accounting system and order level reconciliation resulting in saving approx. 120 man-hours per month.
• Initiated project for cost optimisation at store level and helped company to save annual INR 2 MN.
• Successfully bought saving of INR 1.5 MN through negotiation with vendors for finance related charges during COVID-19 phase.

Job Description:-

• Business Analysis and MIS-To analyse and review Consumption Cost vis-à-vis per recipe theoretical cost and provide insights on waste to management for decision making, to review GP margin and delivery cost at store level and provide necessary insights to Operation team for decision making, to prepare timely reports and business insights pertaining to growing delivery business and floating presentations to respective HOD for their appropriate decision making
• Business Control’s-To act as a controller to ensure that there are no revenue leakages and further to review overhead cost at store level to ensure cost optimization
• Receivable Management- To ensure timely receipt from Delivery Partners and ensuring timely closure of Reconciliation Statement, further ensuring that there is daily cash and card settlement of all 270+stores with daily review of exception report and ensuring timely recoverability of daily due balances from stores
• Daily Work Management-To review work done by third party accounts and transaction processing team on daily basis to ensure that work is not hampered. Further to act as an coordinator between Processing team and Operation team for resolving any open issues
• Petty Cash Management-Weekly monitoring of petty cash expenses at store level and highlighting any abnormality noticed to Operation Market Managers and ensuring proper resolution.
• Audit Management-To engage with Auditors for providing necessary data and ensuring proper resolution of any queries raised by them.

Achievements: -

• Mumbai circle ranked 3rd among 13 operational circles for timely and accurate finance reporting for year 2016-17.
• Provided useful insights for rental cost optimization and fixed asset management which was highly recommended by CCEO.

Job Description:-

• Budgeting (AOP) / Forecast and Variance analysis - Preparation of monthly / quarterly and yearly budget based on discussion with Management and functional heads
• Project Evaluation – To evaluate projects recommended by Institutional acquisition team in terms of IRR and Payback period and report to Circle Management
• MIS - Preparing and ensuring timely delivery of accurate information around Site wise profitability, Cluster level Profitability, Zone level Target achievement, various adhoc information requirements from Circle & Corporate Management team.
• Capex Monitoring- Drive and monitor control mechanisms like physical verification, systems review etc. to ensure adequate controls.
• Timely closure of Books of Account – To ensure timely closure Circle books in compliance to Indian AS and providing financial reporting’s as per agreed timelines with all completeness to Corporate office
• Audit Management-Acting as a coordinator between internal/external auditor and Various functions within organisation
• Ensuring timely submission of details & schedules to Auditors and also providing resolution to all queries raised by auditor.
• Partnered with other functions to ensure projections were in alignment with business strategy.

• Field Senior:-Acted as a field senior for audit of a listed company with minimal assistance & guidance of senior.Directly reported to Partner for Specific Areas of audit.Looked after crucial business areas of audit and maintained high standard of precision in all analysis and review
• Key Deliverables: -Ensured timely review of key deliverables along with Management Letter Pointers from Director and Partner.
• Financial Statement & MIS - Analysing accounting systems and controls by obtaining an understanding of the basis of preparation of the financial statements, accounting software used, MIS reporting frequency, accounting closing process, and key internal controls specifically with respect to cash collections.Introduced new methods, practices and systems to reduce turnaround time.
• Sales Analysis – Understanding product wise sales /customer wise /geographic concentration, dependency on external agents, identification of one off income, seasonality of income for finding any irregularity in booking of income.
• Receivable analysis – Performed customer wise DSO analysis and identified overdue receivables by age analysis.
• Debt & debt like – Ensuring that debt and debt like items are correctly classified in financial statement along with proper accounting for interest and penal charges is any.
• Cost Analysis – Ensuring that cost is not materially misstated by performing trend analysis, financial analysis and review of internal controls of company
• IFRS Reporting – Provided assistance to an MNC client headquartered in Spain with International Financial Reporting Standards (IFRS) reporting for their Indian Operation.
• Performed high-level ‘SWOT’ analyses to understand the business environment and its impact on reporting.