Jinal Vyas
Chartered Accountant - ICAI, ADIT - CIOT, DipIFRS - ACCA
Goregaon East, Mumbai
Summary
Qualified ADIT and Chartered Accountant (CA), Finance and Tax professional with 7+ years of experience in accounting, financial reporting, taxation, corporate finance, business recovery, auditing and treasury back office. Practitioner of meticulousness, organization skills and ability to deliver under immense pressure. Proficient in undertaking financial audits and providing correlating financial advice to ensure propriety of audited information. Well versed with International Tax accounting Standards and related processes.
Overview
15
15
years of professional experience
2011
2011
years of post-secondary education
2
2
Certifications
4
4
Languages
Work History
Associate Director
Cactus Communications
01.2020 - Current
- Handling Audit, Assurance, Financial reporting and compliance, support Strategic Initiatives at Cactus group.
- Led teams of up to 6-8 personnel, supervising daily performance as well as training and improvement plans.
- Leading the statutory audits for all the group entities in India (Big4 auditor) and outside (in total approx. 12 legal entities), planning and managing program to ensure timely completion with no qualifications, also maintaining adherence to global standards - IFRS and local GAAP.
- Leading the internal audit preparedness for scoped in process, ensuring timely and accurate documentation, process walkthrough, facilitating successful compliance reviews with minimal findings.
- Collaborate with Big4 and other external professional consultants on valuations primarily DCF and PPA, and other key advisory engagements.
- Provide strategic financial insight to internal stakeholders, supporting high-level business decisions.
- Performed detailed evaluations of financial statements with timely feedback to team during monthly cadence calls.
- Globally manage and oversee the Revenue Assurance function, improving process integrity and revenue recognition accuracy.
- Played a vital role in collaboration with other members for transition from IGAAP to INDAS for India entities in the last financial year with providing technical knowledge to working team on applicable standards and complex transactions.
- Managed cross-functional teams for multiple large-scale projects, successfully completing each on time and within budget constraints.
- Improved overall team efficiency by streamlining project management processes and implementing new collaboration tools.
- Prioritized tasks and allocated resources appropriately to keep teams focused and productive.
- Trained and developed department leaders and management staff for specific projects and ongoing operational needs.
Finance Manager
iFAST Financial India Private Limited
02.2018 - 01.2020
- Company Overview: iFAST is a SEBI registered Financial services, Mutual Fund & other Financial Products distribution platform provider and IT software development company in India. A subsidiary of Singapore based Wealth Management company with global presence in Asia.
- Reporting to MD in India and Group CFO in Singapore. Handling team of 5-6pax.
- Presenting financial reports in quarterly Board meetings. Preparing of monthly Management MIS, Presentation Deck, Financial position, Ratio Analysis, Actual v/s. Forecast and Budget, cash burn position. Establishing and enforcing proper accounting methods and policies.
- Reviewing of monthly Financial Statements as per IGAAP / IFRS. Consolidation of Holding company accounts as per Singapore IFRS.
- Annual Budget preparation. PnL reporting, Commentary writing, Analysis and evaluating scenarios beneficial to achieve business plan targets, creating value to an organization.
- Monitoring treasury activities. Liasoning with Banks for Foreign Remittances, FDI's inflow, FX transaction deal to ensure best pricing, etc.
- Preparing Direct Tax calculations, documentation, basis of Transfer Pricing methodologies, make reference to DTAA, handling Tax litigations, FATCA / CRS applicability, Tax Assessment, Tax Audits.
- Managing Indirect Tax i.e. GST calculations, compliances, litigation, updates and amendments.
- Liasoning with Tax consultants, Big4 Auditors, stakeholders, customers, vendors, other interested parties.
- Coordination with internal teams globally - Management, Compliance, HR, IT, Operations, Customer Service for required financial information (data), query reolution, process improvement, etc.
- Attending seminars, training programmes, webinars, etc. for constant learning and development.
- IFAST is a SEBI registered Financial services, Mutual Fund & other Financial Products distribution platform provider and IT software development company in India. A subsidiary of Singapore based Wealth Management company with global presence in Asia.
Senior Manager (Finance, Accounts & Taxation Dept.)
Kotak Mahindra Investments Limited
03.2013 - 02.2018
- Company Overview: Kotak Mahindra Investments Limited is a RBI registered NBFC, listed on BSE, a subsidiary of Kotak Mahindra Bank Limited.
- Reporting to AVP - Finance and handling team of 2pax.
- Monthly Financial Reporting as per IGAAP/INDAS (IFRS). Classification of Revenue, Expenses, Debt as per nature and LOB. Preparing detailed schedules for line-by-line PnL Analysis and Balance Sheet variance.
- Quarterly Reports for Board presentations, Limited Review and submission to Group company.
- Active involvement in GST implementation in co-ordination with Group Tax, Information Technology Team, Auditors.
- Preparing Tax calculations (Direct and Indirect Tax), documentation for Corporate filings and Domestic Transfer Pricing.
- Preparing Treasury BMU MIS (Transfer Pricing) considering Financial indicators, in co-ordination with Treasury Dept to allocate Borrowing Cost to different Business Unit.
- Ensure timely submission of regulatory reports/returns - in accordance with RBI NBFC guidelines/circulars and other statutory bodies compliance. Handling RBI inspection.
- Sharing Financial information for Risk Based Supervision, Fund and Cash Flow statements, ALM data and as required by external parties.
- Liasoning with internal teams and externally with Consultants, Auditors, Vendors, etc.
- Implementing training courses for new recruits.
- Kotak Mahindra Investments Limited is a RBI registered NBFC, listed on BSE, a subsidiary of Kotak Mahindra Bank Limited.
Senior CSE (F & A Dept. - Barclays Bank)
Serco Global Services Pvt. Ltd. (formerly Known as Intelenet Global Services Pvt. Ltd.)
10.2010 - 02.2013
- Financial Accounting and Reporting for UK Clients - Trusts, Company accounts. Currency conversion and Consolidation of accounts.
- Identifying the errors and getting control accounts reconciled, sorting out the discrepancies.
- MIS - Updating Daily Statistics Report, Dashboard, Plan v/s Actual and Amendment Tracker, Quality Tracker, Variance Analysis.
- Providing support for audit needs, liase with Barclays, UK team.
- Role of Reviewer and Trainer. Documenting 'Standard Operating Procedures'.
Education
Advanced Diploma in International Taxation (ADIT) - Paper 1, 2, 3 (Principles, Jurisdiction, Transfer Pricing)
The Chartered Institute of Taxation (CIOT)
M.Com II - First Class
Mumbai University
Chartered Accountant (CA) - 2nd attempt (1st group in 1st attempt and 2nd group in 2nd attempt)
ICAI
M.Com - I - First Class
Mumbai University
T.Y. BCom - 80.43%
Narsee Monjee College of Com. & Eco.
H.S.C. (Class 12th) - 78.00%
Narsee Monjee College of Com. & Eco.
S.S.C. (Class 10th) - 85.60%
G.E.S. English Medium School
Diploma in International Financial Reporting Standards (IFRS) -
ACCA
Skills
- Organizational development
- Critical thinking and Problem solving
- Strategic thinking and leadership
- Team collaboration and leadership
- Project management
- Process improvement
- Financial management
- Stakeholder management
- Decision-making
- Reporting and documentation
Certification
FINANCIAL MODELING (15 days classroom training by Edupristine and Exams by BSE)
Interests
Travelling
Trekking
Playing Badminton
Listening Music
Dancing
Personal Information
- Date of Birth: 11/05/89
- Nationality: Indian
Activities
- Completed 100km trail walk at Oxfam New Zealand representing iFAST India for this Fund raising charity event.
- Pursued IFRS classroom training conducted by KPMG India.
- Completed 100km trail walk at Oxfam South Korea representing iFAST India for this Fund raising charity event.
- L&T Financial Services INDAS Assignment, Hyperion.
- Certificate Course on International Taxation by ICAI, India.
Software
Oracle Fusion, Oracle R12, Ms-office,
Timeline
Associate Director
Cactus Communications
01.2020 - Current
Finance Manager
iFAST Financial India Private Limited
02.2018 - 01.2020
Senior Manager (Finance, Accounts & Taxation Dept.)
Kotak Mahindra Investments Limited
03.2013 - 02.2018
Senior CSE (F & A Dept. - Barclays Bank)
Serco Global Services Pvt. Ltd. (formerly Known as Intelenet Global Services Pvt. Ltd.)
10.2010 - 02.2013
M.Com II - First Class
Mumbai University
Chartered Accountant (CA) - 2nd attempt (1st group in 1st attempt and 2nd group in 2nd attempt)
ICAI
M.Com - I - First Class
Mumbai University
T.Y. BCom - 80.43%
Narsee Monjee College of Com. & Eco.
H.S.C. (Class 12th) - 78.00%
Narsee Monjee College of Com. & Eco.
S.S.C. (Class 10th) - 85.60%
G.E.S. English Medium School
Advanced Diploma in International Taxation (ADIT) - Paper 1, 2, 3 (Principles, Jurisdiction, Transfer Pricing)
The Chartered Institute of Taxation (CIOT)
Diploma in International Financial Reporting Standards (IFRS) -
ACCA
Similar Profiles
SANGEETHA C JSANGEETHA C J
Expert Scientific Editor | QA/QC/Integrity at Cactus CommunicationsExpert Scientific Editor | QA/QC/Integrity at Cactus Communications
Samreen KhatoonSamreen Khatoon
Software Engineer (Contract) at Cactus CommunicationsSoftware Engineer (Contract) at Cactus Communications
Nikhil Kumar SaNikhil Kumar Sa
Formattor at Cactus CommunicationsFormattor at Cactus Communications
Manish JayantManish Jayant
Software Engineer at Cactus CommunicationsSoftware Engineer at Cactus Communications
Karuna GokarnKaruna Gokarn
In-Charge Principal at St. Xavier’s College, Mumbai (Empowered Autonomous Institute)In-Charge Principal at St. Xavier’s College, Mumbai (Empowered Autonomous Institute)