Nitin Natu
B.Com, Chartered Accountant
Pune
Summary
Possesses wealth of expertise in financial management and strategic planning, developed in fast-paced corporate environment. Proven ability to streamline processes and enhance operational efficiency, seeking to transition into new field to apply these skills in different capacity. Committed to leveraging financial insights and strategic initiatives to drive success in new industry.
Overview
1826
1826
years of professional experience
11
11
years of post-secondary education
3
3
Languages
Work History
Associate General Manager-Plant Controller
Ferrero India Private Limited
Baramati
01.2024 - Current
- Collaborated with plant leadership team providing detailed insights into plant performance and strategic initiatives.
- Developed strong relationships with key stakeholders to improve communication between finance and operations departments.
- Directing plant leadership from Financial perspectives for taking decisions on various strategic projects
- Accountable for preparing annual budgets , revised budgets and monthly forecast
- Accountable for correct costing of the products
- Monthly variation analysis for various plant costs
- Supported Local leadership during negotiations with Labour Union to secure favorable terms for the organization while maintaining strong working relationships with Unions.
Senior Manager- Finance Administration
Ferrero India Private Limited
Pune
01.2022 - 12.2023
- Ensured timely financial records closure with accuracy and as per strict deadlines meeting all internal KPIs
- Ensured timely closure Statutory audits as per Group deadlines
- Ensured preparation and audit of Tax accounts as per Income Tax Act
- Accountable for maintaining Master Data Management of customers , vendors with timely review of internal controls around it
- Accountable for maintaining Fixed Assets related financial records with accuracy
- Streamlined internal processes for financial reporting, ensuring accuracy and compliance with regulatory standards.
- Lead Financial restructuring projects viz. Buyback of Shares and Capital reduction
Direct Tax Manager
Ferrero India Private Limited
Pune
08.2020 - 12.2021
- Ensured compliances in relation to Corporate tax , Transfer pricing returns with accuracy within statutory deadline.
- Evaluated the impact of changing tax laws on organizational strategies, providing guidance on necessary adjustments to maintain a competitive edge.
- Handled various Corporate tax an Transfer pricing litigations with the help of consultants
Senior Manager-Finance
Sigma Electric Manufacturing Corporation Pvt. Ltd
Pune
03.2017 - 08.2020
- To manage team 10 accounting professionals
- Overall responsibility of Treasury management, Direct Tax compliances, Accounts Payable for Pune Plants, Accounts Receivable for Pune Plant, Capex and GL Accounting, Financials and Statutory audit handling
- Implemented Ind AS
- Handled Merger related activities viz. Compliances to Direct Tax Laws, RBI Compliances
Assistant Manager-Finance
Thermax Babcock & Wilcox Energy Solutions Pvt. Ltd
07.2015 - 03.2017
- Fund Planning, Investments of Surplus Funds (Mutual Funds, and Bank FDs) and analysis of investments
- Loan documentations
- Negotiation with Banks
- Liaise and co-ordinate with Credit Rating Agencies for Credit Rating
- Forex Risk management
- Trade Finance-Letter of Credit and Bank Guarantees
- RBI related compliances
- Payment process improvements (Implementation of cash management services)
- Filing Income Tax Returns, Wealth Tax return
- Handled tax audit
- Handled Transfer Pricing audit
- Handled Income Tax Assessments with Tax Departments
- Coordinating with consultants for Transfer Pricing assessments
- Application into CIT(A), ITAT with the help of consultants
- Preparation of Budget for Fixed Overhead, Budgeted Balance sheet
Deputy Manager-Finance
JCB India Limited
09.2013 - 07.2015
- Analysis of Capex
- Approving Capex in SAP
- Accounting of Fixed Assets
- Verification of Assets
- Verification of TDS deductions
- TDS Payments, E-TDS Returns, Correction Statements
- Replying to TDS Notices
- Providing data to Corporate Taxation team for Tax Audit, Corporate Tax Notices
- Month end activities including provisioning, prepaid analysis
- Preparation of Budget for Fixed Overhead, Budgeted Balance sheet
- Preparing year end Group Reporting Pack for Business Unit
- Co-coordinating with auditors for timely closure of audits
Deputy Manager-Finance
Tata AutoComp System Limited
06.2010 - 08.2013
- Fund Planning and Management: NEFT, RTGS, Mutual Fund Investments etc and related MIS
- Borrowing: ECB refinancing, PCFC, Issue of Commercial Paper, Cash credit, Inter Corporate Deposits, Terms Loans including documentation, Non Convertible Debentures
- Banking Compliances: Stock Statements, Quarterly and Half Performance, CMA Preparation
- Forex Management- Hedging through forward contracts, Futures, Swaps, Monitoring Forex Exposure Monitoring for Group Companies, Compliances relating to Hedging e.g
- CA Certificate for underlying hedges
- Quarterly reporting to Debenture Trustees
- Accounting for Loans, ICDs, Interest, Mutual Funds, Forex hedging etc
- Preparation of Standalone Financial Statements under IGAAP
- Preparation of Consolidated Financial Statements under IGAAP
- Preparation of audit schedules
- Preparation of Restated Standalone Financial Statements
- Preparation of Objects of Issue Section
- Financial Indebtedness Section
- Handled certification work for above sections
Executive, Business Control Operations
Maersk Global Service Centres (India) Pvt.Ltd
11.2009 - 05.2010
- Tracking of Parameters whereas internal control parameters and rating to cluster country offices of the Group through Dashboard
- Analysis of efficiency parameters of the India Global Service Centres
- Remote controlling audit
Article Assistant
Joshi Apte & Co., Chartered Accountants
Pune
08.200 - 09.200
- Statutory Audit
- Tax Audits
- Internal audits
- VAT Audits
- Tax returns of small and mid sized corporates
- Worked on special projects of IPO and Due Diligence Audit for acquisition
Education
Chartered Accountancy -
Institute of Chartered Accountants of India
New Delhi 07.2004 - 08.2009
B.com - Statistics, Accountancy, Economics
Brihan Maharashtra College of Commerce
University Of Pune 06.2004 - 06.2007
H.S.C. - Mathematics, Accounting, Economics, Info. Technolo
Brihan Maharashtra College of Commerce
Maharashtra State Board 07.2002 - 06.2004
Secondary School Certification -
MIT Pune
Maharashtra State Board 06.2001 - 06.2002
Skills
Capital Restructuring
Treasury Management
Financial reporting
Financial planning and analysis
Direct Tax compliances
Business partnering
Projects In Pipeline
Pursuing CS Finals (cleared 5 papers out of 9)
Accomplishments
Got Bronze Medal in Marathi Handwriting Competition at District level.
Personal Information
- Date of Birth: 03/21/87
- Marital Status: Married
Timeline
Associate General Manager-Plant Controller
Ferrero India Private Limited
01.2024 - Current
Senior Manager- Finance Administration
Ferrero India Private Limited
01.2022 - 12.2023
Direct Tax Manager
Ferrero India Private Limited
08.2020 - 12.2021
Senior Manager-Finance
Sigma Electric Manufacturing Corporation Pvt. Ltd
03.2017 - 08.2020
Assistant Manager-Finance
Thermax Babcock & Wilcox Energy Solutions Pvt. Ltd
07.2015 - 03.2017
Deputy Manager-Finance
JCB India Limited
09.2013 - 07.2015
Deputy Manager-Finance
Tata AutoComp System Limited
06.2010 - 08.2013
Executive, Business Control Operations
Maersk Global Service Centres (India) Pvt.Ltd
11.2009 - 05.2010
Chartered Accountancy -
Institute of Chartered Accountants of India
07.2004 - 08.2009
B.com - Statistics, Accountancy, Economics
Brihan Maharashtra College of Commerce
06.2004 - 06.2007
H.S.C. - Mathematics, Accounting, Economics, Info. Technolo
Brihan Maharashtra College of Commerce
07.2002 - 06.2004
Secondary School Certification -
MIT Pune
06.2001 - 06.2002
Article Assistant
Joshi Apte & Co., Chartered Accountants
08.200 - 09.200
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