Nitin Madaan
Bengaluru
Summary
Accomplished Senior Vice President at Goldman Sachs, adept in driving supplier enablement and transforming transaction tax accounting. Spearheaded a global strategy, enhancing operational excellence and staff development. Skilled in strategic leadership and operational management, significantly boosting productivity and mitigating risks through innovative solutions. Pragmatic professional with solid experience in leadership roles. Adept at implementing strategic business plans, driving growth and improving operations. Skilled in financial management and stakeholder relations. Collaborative and dedicated to building and leading talented and motivated individuals.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Senior Vice President, P2P Leadership Roles
Goldman Sachs
Bengaluru
04.2023 - Current
- Leading Supplier Enablement Strategy of firm procurement operations
- Innovated & Implemented AN Only, PO only and Non PO workflows to achieve 65%+ digital/online invoice submissions
- Established processes, tracking mechanism to monitor team performance and accountability
- Lead SAP migration functionally, defined entity masters, Supplier Masters, Chart of Accounts, GL classification, payment and tax controls
- Working extensively with product consultants and engineers to define, test and implement communication protocols between upstream feeds and ledger
- Collaborated with regional tax team to define the tax mechanism for contingent worker program
- Structured Tax Tables to execute the contingent tax strategy
- Defined Global Vendor setup structures to organize Vendor Masters
- Developed Alteryx program to systematically migrate 25000+ suppliers from legacy platform to SAP
- Trained & developed teams to effectively conclude the migration
- Developing Master Account review process before migrating EMA master accounts to ARIBA Sakon (Telecom) and I2P platform (Market Data and Pubs & Subs)
- Restructuring Payment failure process
- Restructuring GMS Vendor Feeds.
Senior Vice President, Transaction Tax Accounting
Goldman Sachs
Bengaluru
09.2014 - Current
- Developed and implemented a global indirect tax accounting strategy for the firm's procurement operations
- Established a disciplined approach to managing transaction taxes, ensuring consideration of tax consequences and reputational risks
- Structured & Configured Withholding Process for 15+countries in payment platforms to compute and report withholding systematically
- Leading P2P to automate and streamline global indirect tax reporting with Regional Tax Team
- Leading One Source Tax Engine maintenance
- Defined the platform design to accurately source material tax attributes
- Designed operational processes and internal controls to manage risks
- Identified opportunities to enhance business process flows and increase productivity
- Rationalize of Intercompany Transactions to eliminate cross entity allocations of US$ 1.5 billion
- Restructuring GMS Vendor Feeds to optimize tax credits and double taxation of ~US$1.2 ml
- Presented and discussed strategy and initiative progress with senior business leaders.
Assistant Manager
Macquarie Bank
Gurgaon
08.2009 - 08.2014
- Played a Key Role in setting up Macquarie SEZ office in Gurgaon, Haryana
- Played a Key Role in setting up the Macquarie India Finance Function
- Executed Direct & Indirect Tax Deliverables- |TDS, Advance Taxes, Corporate Tax Returns| Service Tax Returns, Refunds| Tax provision workings for Singapore, HK| Site Restoration Provisions | Lease Equalization Reserve and Amortization | Statutory & Tax Audits | Tax Assessments
Senior Account Manager
Hero Honda Ancillary
Gurgaon
05.2007 - 08.2009
- Leading a team of 15 individual managing finance department deliverables such as Statutory and Tax & Service Tax Audits, Account finalization, Excise, TDS Compliances, Assessments
- Developed & Implemented Bill Discounting Financial Model: leading to US $200K recovery from OEM.
Senior Analyst - Investment Banking
Copal Partners
Gurgaon
04.2006 - 05.2007
- Assigned with the responsibility to manage Relative valuation of REITs
- Benchmarking analysis of companies involved in various sector
- Adjusting reported income to exceptional items and project assumptions
- Computing and analysis of Earning, Revenue and Book value multiples.
Education
Chartered Accountant -
Indian Institute of Chartered Accountants
India01.2006
Skills
- Articulating Tax laws & Defining System Design
- Stakeholder Management & Executive Presentations
- Change Management & Communications
- Structuring Tax Procedures & Tax Processing
- Self-starters, Analytical Thinking
- Problem Solving & Accountability
- Strategic Decisions & Leadership
- Proactive Risk Assessment and Mitigation
- Operations Management
- Operational Excellence
Certification
- Certified Alteryx Designer 2019
- Management Development Program in SEZ Compliances & Import Export Procedures from IIFT, Delhi Training, 2012
Languages
Hindi
First Language
English
Proficient (C2)
C2
Timeline
Senior Vice President, P2P Leadership Roles
Goldman Sachs
04.2023 - Current
Senior Vice President, Transaction Tax Accounting
Goldman Sachs
09.2014 - Current
Assistant Manager
Macquarie Bank
08.2009 - 08.2014
Senior Account Manager
Hero Honda Ancillary
05.2007 - 08.2009
Senior Analyst - Investment Banking
Copal Partners
04.2006 - 05.2007
Chartered Accountant -
Indian Institute of Chartered Accountants
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