Nagma Shaikh
A'bad
Summary
- Finance & Accounts: Accounting-Basic Accounting, Reconciliation, Debtor-Creditors Control, Controlling through System to Management, Reporting-Bank Reconciliation Statement, Profit and Loss accounts, Balance Sheets, Notes to accounts, MIS, etc.
- Finance- Evaluation of Financial terms& conditions, Contracts of FIs, Review of optimum utilization of funds, Ration analysis, Cash Flow-Fund Flow statements, Preparation of checklist, Review of related party transactions, Variance analysis of P&L etc.
- Management Audit, Controls & Assurance: Development of effective systems, processes, controls, Automation, Test review of effective implementation of system, Development and Vetting of DoAs and SoPs, tracking of compliances through tool, Controlling function like Corporate, Plants & other Operational Sites, Preparation and review of checklist
- Data Analytics: Data extraction from various different sources, services spend analysis at the group level, Implementation of suggestions of KPMG related to SAP Controls
Overview
9
9
years of professional experience
Work History
Finance & Accounts – Renewable Energy
Adani Group
04.2023 - Current
- Financial Planning & Analysis
- Preparation of Monthly MIS along with Variance Analysis on Financial and Operational parameters and present to CEO
- Consolidation and Preparation of Chairman MIS
- Variance analysis of P&L Budget vs Actual
- Variance analysis of P&L of Partner Management
- Cross Functional Management.
Management Representative (for JVs between Adani & VISHAKHA group)- CEO’s Office
Adani Group
04.2022 - 03.2023
- Study and review of existing system, processes, policies, guideline, and MIS/ reporting etc
- Of all the functions (department/ services) and provide pragmatic inputs to address the gaps and handhold the JV through implementation
- Identify opportunities for introduction of automation/ technology to ensure the process compliance
- Ensuring that system is in existence for updating/ review & vetting of DoAs (annually or as and when required whichever is earlier) and sign off the same
- Conduct the review meetings share the reports/ minutes to the management and deployment of the outcomes of the meetings
- Discuss the management team/ HOD the inputs with inbuilt controls/ checks and build consensus and ownership for implementation of the suggestions.
Management Audit & Assurance Services
Adani Group
03.2020 - 03.2022
- Driven special project as desired by our Hon’ble Chairman- Effectiveness of Services, under the guidance of Mr
- Pradeep Kumar Bhargava
- Preparation of standard process taxonomy
- Review of processes/ policies/ guidelines and provided gaps/ recommendations in existing processes/ policies/ guidelines for services effectiveness
- Vetting of Audit scope of BUs and services
- Review of M&A at the group level and prepared overall M&A presentation for Chairman’s office with observations and suggestions
- Last but not least, also have prepared weekly MIS and also followed up with all sector heads for consolidation of weekly MIS of each sector heads in each week for submission to Chairman’s Office.
Data Analytics
Adani Group
09.2017 - 02.2020
- Driven special project as desired by our Hon’ble Chairman i.e., Services Spend Analysis, under the guidance of Mr
- Ashish Rajvanshi & Mr
- Kaushal Kabra
- Have done services spend analysis at the group level approx
- INR 2100 Cr and given suggestions from the perspective of cost saving and improvement of services wherever possible
- Have implemented suggestion of KPMG for the improvement of SAP (controls in SAP e.g., cost center usage restriction, etc.)
ABEX
02.2015 - 08.2017
- Management Reporting
- Preparation of Financial Statements for Transmission Vertical, Adani Bunkering Pvt Limited and Adani Shipping India Limited
- Analysis of Financial statements
- Preparation of Consolidation Financial Statements for Transmission Vertical
- Preparation of Annual Performance Report for Unites of Adani Bunkering Pvt Limited
- Preparation of Tax Audit Report for Adani Transmission Limited
- Preparation of Transfer Pricing Audit Report for Adani Transmission Limited
- Preparation of Income Tax Return for Adani Transmission Limited
- Impact of IND AS in Financial Statements for Transmission vertical and Adani Bunkering Pvt Limited
- Preparation of Due Diligence Report of Adani Transmission Limited
- Reconciliation Accounting
- Reconciliation of ALL statutory Data (Provident Fund, Professional Tax, Superannuation)
- Making the third-Party payment and Reconciliation (Medical Insurance Payable, Superannuation, Benevolent Fund,)
- Salary Payable and All Employee GL Scrutiny
- Reconciliation of Valuer Data with GL Data
- Updation of Relocation Module From time to time
- Employee Loan and advances GL Reconciliation
- Active and Withdrawn Employee Reconciliation and Scrutiny of Outstanding Balance
- Prepare an Intercompany Reconciliation statement
- Prepare MIS related to intercompany
- Prepare Board Annexure for Related Party Transaction for Board Meeting
- Balance Sheet General ledger Reconciliation
- Payroll Accounting
- Salary Payable and Bank payment Reconciliation
- Advice for Salary Payment and posting entry for payment
- Checking for Payroll JV reconciliation
- Relocation Advance Amount Transfer to Respective Vendor and Reconciliation
- Pass the Bonus, Leave Encashment Provision Entry Monthly, Quarterly, and annually
- Calculation of Gratuity, Leave Encashment Current-Noncurrent working as per Actuarial Valuation Report
- Loan and advances Transfer for Intercompany Transfer of Employee
- Generation of Debit and Credit Note for Employee Balance Transfer of Intercompany
- Calculation of Current & Non-Current of statutory Compliances
- Reconciliation of intercompany transactions for all group companies including overseas biz
- Tested and participated for development of ICR (Intercompany reconciliation) software
- In this software, we have proposed various conditions for doing automatic ICR like same voucher number, same amount
- Monthly JV Posting, Payroll reconciliation and closure of books of accounts
- Handled statutory auditor’s queries
- Preparation of Financial statements
- Knowledge of SAP FI & MM modules and have done various project under the same
- Audit Work
- Preparation of ALL Statutory MIS data for Statutory Auditor
- Preparation of Payroll Audit Data for Auditor
- Provide the Document to Statutory Auditor
- Attending Auditor during Closing Work & Generate Reports As per there requirements and solve the queries.
Education
Master of Commerce -
Gujarat University
12.2018
Chartered Accountant -
Institute of Chartered Accountant of India
12.2014
Bachelor of Commerce -
H L Institute of Commerce, Ahmadabad University
12.2013
H.S.C -
Gujarat Secondary & Higher Secondary Education Board
03.2010
S.S.C -
Gujarat Secondary & Higher Secondary Education Board
03.2008
Skills
- Tally 45
- Tally 54
- Tally 7
- Tally 9
- Tally ERP 9
- Internet services
- Operating Windows XP
- Win 7
- Win 8
- Win 10
- Win 11
- S A P - 60 & 70
- S A P-720 (LATEST)
- S A P S4 HANA
- Corporate Munim
- SAP B1
- Business Planning Consolidation -7 & 10
- Power BI
- Think Cell
- Finance
- Taxation
- Tax Planning
- Audit
- Governance
- Risk Management
- Financial Planning, Reporting and Analysis
Personal Information
- Date of Birth: 1993-05-04
- Nationality: Indian
Languages
- Hindi
- English
- Gujarati
References
- G M Shaikh & Co. (Period: 13th February,2012 to 11th May,2012)
- A A Memon & Co. (Period: 15th May,2012 to 17th February,2015)
Timeline
Finance & Accounts – Renewable Energy
Adani Group
04.2023 - Current
Management Representative (for JVs between Adani & VISHAKHA group)- CEO’s Office
Adani Group
04.2022 - 03.2023
Management Audit & Assurance Services
Adani Group
03.2020 - 03.2022
Data Analytics
Adani Group
09.2017 - 02.2020
ABEX
02.2015 - 08.2017
Master of Commerce -
Gujarat University
Chartered Accountant -
Institute of Chartered Accountant of India
Bachelor of Commerce -
H L Institute of Commerce, Ahmadabad University
H.S.C -
Gujarat Secondary & Higher Secondary Education Board
S.S.C -
Gujarat Secondary & Higher Secondary Education Board
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