Kapil Uppal
CA | Finance Professional | People Leader | Transformation
New Delhi
Summary
I am an experienced finance leader with 14 years of demonstrated success in developing and executing robust financial governance frameworks. I have a proven track record of enhancing internal controls, ensuring compliance with statutory and tax regulations, and driving profitability across diverse industries. As a finance expert, I collaborate with senior leadership to support finance and accounts management functions, facilitating strategic decision-making and aligning financial strategies with organizational goals.
Overview
13
13
years of professional experience
Work History
Vice President
Macquarie Global Services Pvt. Ltd.
12.2019 - Current
- As a Vice President at Macquarie, I led global investment reporting and ensured compliance with IFRS/AASB standards.
- I drove financial transformation by supporting strategic investment decisions and overseeing complex transactions.
- I managed month-end closures, global transfer pricing, and coordinated financial activities.
- With a strong focus on risk management, I provided insightful board reporting and led audits and financial presentations, steering continuous improvement and strategic alignment.
- Key Result Areas as Financial Controller: Orchestrating accounting and reporting of private market investments across globe in asset management division as per IFRS/AASB compliance standards.
- Monitoring key decision making pertaining to onboarding of new investments and pipeline, with correct accounting classifications (like significant influence/control assessment).
- Generating accounting memos for documenting accounting treatment of multiple complex structured transactions necessitating key accounting judgments.
- Analyzing and managing periodic complex exercise of booking equity accounted PL.
- Reviewing and managing month-end books closure and reporting requirements.
- Overseeing reflection of true picture through the trial balance.
- Managing Global Transfer Pricing (TP), setting up of TP methodologies and allocation keys ensuring appropriate recharge of cost across the group.
- Key Result Areas as Legal Entity Controller: Controlled legal wings of various standalone entities, with end-to-end trial balance preparation reflecting the correct pictures.
- Steered periodic reporting of entities to ensure net positive assets and working capital, with necessary actions as required.
- Harmonized with the legal department to identify, flag, and monitor high risk, with discussions on required mitigating actions.
- Reported to the board and senior management pertaining to diverse matters.
- Managed statutory audit for standalone entities, with review and finalization of financial statements.
- Oversaw board pack and key discussions with auditors for presentations to the board for approval.
- Attended board meetings of various entities for presenting the financial statement to acquire board's approval.
- Other Key Results: Facilitating organization wide automation initiatives as a team representative.
- Evaluating potential areas to bring in efficiencies through automation initiatives.
- Representing the business group as a Risk Champion, steered multiple risk initiatives driving the sessions for risk culture enhancements across teams and reviewing and enhancing various controls.
- Championed cross-functional collaboration to streamline project delivery, resulting in enhanced communication and project outcomes.
Manager - Finance and Accounts
Protiviti
10.2017 - 11.2019
- Led the financial reporting process, ensuring compliance and accuracy in financial statements and audits.
- Managed working capital and collaborated with external vendors to optimize liquidity through effective budget preparation and variance analysis.
- Compiled and finalized comprehensive monthly management reports, including Profitability Analysis, SGA Expense Variance, Cash Flow Forecasting, and Net Worth Calculations.
- Led the organization’s tax and regulatory compliance processes, overseeing direct and indirect tax calculations, returns, and audits (corporate tax, annual filings, and tax audits).
- Ensured full compliance with the Companies Act, as well as applicable state laws, including Professional Tax, Shops and Establishments Act, and labor regulations.
- Represented the organization in dealings with government authorities, including assessments and appeals at ITAT and CIT levels.
- Managed workplace compliance with policies on sexual harassment, anti-corruption, and bribery.
- Supervised statutory audits and the finalization of company financial statements.
- Directed leasing and financing decisions, negotiating and finalizing operating and finance leases to meet funding requirements.
- Oversaw the preparation and submission of bids and tenders for company projects and strategic opportunities.
Manager - Accounts
Sudhir Power Limited
08.2017 - 10.2017
- Led a team to streamline account reconciliation processes, enhancing accuracy and reducing processing time significantly.
- Ensured effective working and finalization of accounting and taxation activities for all plants and the corporate office.
Assistant Manager - Finance and Accounts
Vestergaard Asia Private Limited
07.2015 - 08.2017
- Strategized the restructuring of the 3 group entities present in India.
- Managed statutory audits including preparation of draft financials, review of ledger reconciliations, and coordination with auditors.
- Facilitated accurate and on-time monthly closure with ledger scrutiny, development of balance sheet schedules, and undertaking corrective actions.
- Monitored teams for daily accounting activities with accuracy as per applicable financial reporting framework (FRF).
- Collaborated with consultants for assessments and appeals comprising ITAT and DRP level matters.
- Dealt with 3CEB report submission and finalization of TP study.
- Coordinated with consultants for filing of advance pricing agreement with tax department.
- Generated/submitted corporate tax returns (ITR-6) with review/finalization of tax audit report u/s 44AB of Income Tax Act, 1961.
- Analyzed GST impact assessment, with migration of existing accounting systems to a GST compliant regime.
Senior Specialist - Finance and Accounts
Protiviti
09.2012 - 07.2015
- Managed daily accounting tasks, including bank reconciliations, receivables/payables, expense/revenue tracking, aging management, and financial statement preparation.
- Reconciled payroll entries for full and final settlements and active employees, based on vendor data.
- Prepared project financial statements, reconciling billings and receipts in line with reporting standards.
- Filed corporate income tax returns, including transfer pricing documentation.
- Assisted in tax assessments and appellate proceedings, preparing submissions and representing the organization before authorities.
- Ensured tax compliance and handled service tax return filings.
Education
Chartered Accountant - Accounting, Finance And Taxation
Institute of Chartered Accountants of India
India 04.2001 -
B.Com. -
University of Delhi
01.2008
Skills
Financial reporting
Financial analysis
IFRS compliance
Stakeholder Management
Team Coaching & Mentoring
Problem Solving
Risk assessment
Key Contributions
- Strategic Leadership: Effectively led and mentored a team of chartered accountants, driving impactful business results through strategic vision and operational excellence. Committed to fostering innovation and transformation.
- Team Development and Process Optimization: Played a crucial role in building and leading finance teams, advancing process improvements, and establishing Centers of Excellence, all while aligning operations with overarching business strategies.
- Finance Oversight and Strategic Advisory: Demonstrated success in managing finance functions, overseeing operations, and delivering strategic recommendations to senior management, with a strong focus on achieving organizational objectives.
- Financial Advisory Expertise: Extensive background in financial advisory, including project management, risk assessment, and cost-benefit analysis. Known for providing valuable insights into financial performance and operating margins.
- Decision-Making and Compliance: Expert in guiding critical decision-making processes, implementing robust internal controls and automation, and ensuring adherence to financial and statutory requirements.
- Comprehensive Financial Management: Proficient in overseeing end-to-end financial closures, including Financial Statements (as per IFRS/AASB/IGAAP/US-GAAP), Deconsolidation Accounting, Intercompany Recharges, Transfer Pricing, Corporate Laws, and Taxation.
- Taxation Proficiency: Skilled in managing Tax Assessment and Compliance, including Direct and Indirect Taxes, Tax Returns, and securing Tax Benefits and Refunds.
- Process Improvement and Standardization: Adept at identifying and addressing process inefficiencies, standardizing practices, and leading finance optimization and continuous improvement initiatives.
Accomplishments
- Bagged 8 SPOT Awards owing to display of exceptional efforts
- Honored with Transformation Award for undertaking automation initiatives
- Serving as a Risk Champion for the business group
Timeline
Vice President
Macquarie Global Services Pvt. Ltd.
12.2019 - Current
Manager - Finance and Accounts
Protiviti
10.2017 - 11.2019
Manager - Accounts
Sudhir Power Limited
08.2017 - 10.2017
Assistant Manager - Finance and Accounts
Vestergaard Asia Private Limited
07.2015 - 08.2017
Senior Specialist - Finance and Accounts
Protiviti
09.2012 - 07.2015
Chartered Accountant - Accounting, Finance And Taxation
Institute of Chartered Accountants of India
04.2001 -
B.Com. -
University of Delhi