Jitnesh Jain
Gurugram
Summary
Driving financial excellence at Rio Tinto India, I spearhead SAP HANA, Tagetik and Future Finance implementations projects, enhancing IFRS consolidation. Leveraging IFRS expertise and strong leadership, I optimize reporting processes and foster team collaboration to deliver strategic insights and ensure compliance in high-pressure environments. Forward-thinking Manager with comprehensive experience implementing new processes and managing and planning innovations. Bringing outstanding problem-solving and abilities. Polished in evaluating employee performance and overseeing key projects. Proven finance leader with expertise in IFRS compliance and financial reporting. Successfully managed complex processes and led implementation projects, delivering enhanced accuracy and strategic insights.
Overview
14
14
years of professional experience
Work History
Associate Director/Finance Controller
Rio Tinto India
05.2017 - Current
- Leading SAPS4 HANA, SAP Central Finance, and Tagetik implementation for enhanced consolidation financial processes.
- Managed SH Aluminum financial statements in compliance with IFRS and local finalization requirements.
- Oversaw monthly close process, IFRS reporting adjustments, and prepared MIS reports to ensure accuracy and compliance with financial regulations.
- Established robust checks and controls while managing complex accounting sections for Rio Tinto group.
- Participated in diverse projects, thriving in high-pressure environments while consistently meeting or exceeding project expectations.
- Managed financial reporting processes and ensured compliance with regulations.
- Oversaw budget preparation and monitored adherence to financial plans.
- Developed financial forecasts to guide strategic decision-making efforts.
- Collaborated with cross-functional teams to align financial goals with business strategy.
Finance Analyst (UK)
BT
08.2016 - 05.2017
- Consolidated customer-wise revenue, CAPEX, EBITDA, SG&A at sector level, enabling accurate, timely financial analysis for strategic decision-making.
- Developed and implemented debtors and creditors aging platform to enhance cash flow management and decrease outstanding balances.
- Analyzed financial data, providing critical insights that informed strategic decision-making processes.
- Developed and maintained financial models for budgeting and forecasting activities.
- Prepared detailed reports on financial performance and trends, facilitating informed discussions among stakeholders.
Assistant Manager (Global Consolidation)
Motherson
08.2013 - 07.2016
- Prepared group consolidated financials under IFRS for SMR and Motherson, supporting compliance with accounting standards for $11 billion in revenue.
- Led implementation of Hyperion mapping for entities, enhancing accuracy and efficiency of consolidation process.
- Coordinated daily operations to ensure smooth workflow and efficiency.
- Managed team schedules and assignments to optimize resource allocation.
- Developed training materials for onboarding new staff members effectively.
Assistant Manager (Internal Audit)
DLJM
09.2012 - 07.2013
- Finalized statutory financials for DLJM, partnership firms, and other group companies, ensuring compliance and accuracy.
- Developed internal checklists for departments, conducted process and quality audits to enhance operational effectiveness.
- Managed daily operations and workflow of retail team.
- Trained staff on customer service and product knowledge standards.
- Coordinated inventory management and stock replenishment processes.
Accounts Manager
DR
12.2011 - 09.2012
- Managed client accounts and fostered strong relationships to improve client satisfaction.
- Oversaw budgeting processes and ensured alignment with financial goals.
- Coordinated cross-functional teams to enhance efficiency in account management workflows.
- Maintained accurate accounting records for group companies, supporting timely bank reconciliation.
Education
Chartered Accountant -
Institute of Chartered Accountant of India
01-2012
Bachelor of Commerce -
RLA College
Delhi01-2008
Skills
- Financial Reporting (IFRS)
- Leadership
- Team Collaboration
- HFM/Tagetik/W Desk
- SAP S4(HANA) Implementation
- Blackline Implementation
- Power BI DAX
- Strategic Analysis
- Variance Analysis
- Planning
- Monthly Closing Processes
- Management Reporting
- Analytical Skills
Accomplishments
• Selected as C&R and consolidation spokesperson in the core team of Future Finance at the group level.
• Rio Tinto CFO 'A note of thanks' for 2022 for best performance
• Rio Tinto Rockstar award winner 30+ times in the last 5 years.
• Rio Tinto Best value contributor award winner in BSS division for 2018 (representing the best performer in the consolidation reporting).
• Rio Tinto CFO 'A note of thanks' for 2022 for best performance
• Rio Tinto Rockstar award winner 30+ times in the last 5 years.
• Rio Tinto Best value contributor award winner in BSS division for 2018 (representing the best performer in the consolidation reporting).
Projects
- SAP S4HANA Deployment
- Tagetik implementation
- Future Finance Projects
- IFRS 9 and 16 Implementation
Personal Information
- Gurugram
- Date of Birth: 1987
Timeline
Associate Director/Finance Controller
Rio Tinto India
05.2017 - Current
Finance Analyst (UK)
BT
08.2016 - 05.2017
Assistant Manager (Global Consolidation)
Motherson
08.2013 - 07.2016
Assistant Manager (Internal Audit)
DLJM
09.2012 - 07.2013
Accounts Manager
DR
12.2011 - 09.2012
Chartered Accountant -
Institute of Chartered Accountant of India
Bachelor of Commerce -
RLA College