Jigar Sarvaiya
Mumbai
Summary
Dynamic finance professional with extensive experience at thyssenkrupp, excelling in tax compliance and financial reporting. Proven track record in enhancing operational efficiency through process improvement and risk management. Adept at delivering actionable insights and fostering stakeholder collaboration, driving informed decision-making and achieving compliance excellence.
Overview
13
13
years of professional experience
Work History
Senior Executive
thyssenkrupp
Thane
04.2023 - Current
- Collaborated with Big Four auditors to ensure compliance, achieving timely completion with zero discrepancies.
- Led direct and indirect tax compliance processes, including assessments, notices, and refunds.
- Finalized monthly books of accounts, implementing internal checks that enhanced accuracy and reduced errors.
- Prepared and presented monthly, half-yearly, and annual closing reports for German stakeholders.
- Conducted detailed budget vs. actual analysis, identifying variances and recommending actions to reduce expenses.
- Designed financial analyses to support operational strategy, enhancing cost efficiency across key projects.
- Implemented Risk Control Matrices (RCM) and SOPs, improving internal audit efficiency by 20% and standardizing processes.
- Developed comprehensive reporting frameworks that facilitated informed decision-making among stakeholders.
Manager - Finance & Compliance
Divine Fragrances Pvt. Ltd.
04.2019 - 04.2023
- Managed direct and indirect tax compliance and audits, ensuring 100% adherence to statutory requirements and reducing audit discrepancies.
- Liaised with Income Tax and GST departments to resolve assessments and secure timely refunds.
- Finalized books of accounts with enhanced accuracy by implementing automated reconciliation tools, reducing manual errors.
- Led short-term and long-term financing from banks and NBFCs, supporting business expansion and maintaining optimal liquidity levels.
- Lead the development of annual budgets and CMA data, leading to improved financial planning accuracy and 5% reduction in budgeting variances year-over-year.
- Designed and executed SOPs that streamlined financial operations, cutting processing time for financial reports and improving compliance across departments.
Executive – Taxation
JVPD & ASSOCIATES LLP
01.2018 - 12.2018
- Company Overview: CA Firm
- Managed direct and indirect tax compliance for clients, ensuring 100% on-time filing and adherence to regulatory requirements.
- Successfully represented clients before Income Tax and GST authorities, resolving cases without penalties and securing refunds.
- Maintain books of accounts for clients up to finalization, ensuring accuracy and compliance.
- Addressed complex client inquiries related to financing and tax planning, delivering tailored solutions that improved client satisfaction ratings.
- Designed customized accounting workflows for clients, enhancing financial reporting efficiency and reducing errors.
- CA Firm
Industrial Trainee
Motilal Oswal Securities Limited
02.2015 - 02.2016
- Supported direct and indirect tax compliance by preparing accurate documentation, contributing to a 100% on-time filing rate for all tax submissions.
- Responded to notices from tax authorities with accurate documentation, achieving successful resolution in 95% of cases.
- Contributed to the implementation of systematic processes that reduced errors in account reconciliation, ensuring compliance with applicable standards.
- Prepared detailed management reports and financial analyses, providing actionable insights that improved forecasting accuracy.
- Conducted in-depth studies on GST implications, presenting findings to management, which informed strategic decisions for compliance and cost optimization.
Article Assistant
Dheeraj Nandu & Co.
Mumbai
02.2013 - 02.2015
- Finalized accounts for diverse industry clients, ensuring full compliance and minimizing audit queries by 10%.
- Processed numerous direct and indirect tax registrations with zero delays or errors.
- Achieved 95% success rate in representing clients during tax authority hearings, resulting in significant tax reductions.
- Performed comprehensive financial analyses and compiled CMA data, enabling client financing for operational stability.
Education
CA – Inter -
ICAI
BKC, Bandra (East), Mumbai05.2013
Master of Commerce (M. Com) -
Institute of Distance And Open Learning (I.D.O.L.)
Kalina, Santacruz East, Mumbai04.2012
Bachelor of Commerce (B. Com) -
K.E.S. College
Kandivali West, Mumbai04.2010
Skills
- Tax compliance
- Financial reporting
- Budget analysis
- Financial forecasting
- Statutory and tax audits
- Risk management and control
- Financial planning
- Internal audit coordination
Certificate of Recognition - Issued by thyssenkrupp (Oct 2024)
Certificate of recognition from thyssenkrupp for the successful completion of the statutory and internal financial controls (IFC) audit for the year 2024
It Skills And Certifications
- Proficient in Office 365 suite, with advanced expertise in Microsoft Excel
- Experienced in ERP and accounting software, including TallyPrime and SAP.
- Completed the Information Technology Training (ITT), Orientation Program, and the General Management and Communication Skills Program, all conducted by the Institute of Chartered Accountants of India (ICAI).
Timeline
Senior Executive
thyssenkrupp
04.2023 - Current
Manager - Finance & Compliance
Divine Fragrances Pvt. Ltd.
04.2019 - 04.2023
Executive – Taxation
JVPD & ASSOCIATES LLP
01.2018 - 12.2018
Industrial Trainee
Motilal Oswal Securities Limited
02.2015 - 02.2016
Article Assistant
Dheeraj Nandu & Co.
02.2013 - 02.2015
CA – Inter -
ICAI
Master of Commerce (M. Com) -
Institute of Distance And Open Learning (I.D.O.L.)
Bachelor of Commerce (B. Com) -
K.E.S. College
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