Prachi Jain
Delhi
Summary
A Chartered Accountant & Finance professional with over 14 years of experience in Financial Accounting, Direct & Indirect Taxation, Consolidation, Financial Management, IND AS Implementation and 3.5 years of Articleship exposure in Audits & Taxation. Presently associated with Adventz Group, New Delhi. Experience in Varied sectors like Stock Broking, Financial Services, NBFC, Insurance Broking, Commodity Trading, Real Estate etc. Exposure in Financial Control, Group Company Consolidation, Financial Management, Budgeting & Costing, Fund Planning, IND AS Implementation, Regulatory Filings, Direct & Indirect Taxation (Implementation, Planning & Litigation), Financial Presentations, Reports etc. Instrumental in preparing documents & filing Draft Red Herring Prospectus for IPO on domestic stock exchanges and for ADR/ GDR issuance on international exchanges. Possesses sound knowledge of Accounting Standards, IND AS, Accounting Policies, Direct & Indirect Tax Laws, ERP Systems, due diligence, strong analytical skills with adeptness in formulating accounting systems, preparing accounting records & financial statements.
Overview
19
19
years of professional experience
1
1
Language
Work History
Chief Financial Officer
Zuari Finserv Limited
12.2023 - Current
- Spearheaded financial planning, budgeting, and forecasting processes to align with organizational objectives and ensure long-term financial growth.
- Oversaw the preparation and presentation of accurate financial statements, ensuring compliance with accounting standards (IndAS) and regulatory requirements. Finalisation and submission of financial reports to management, investors and regulatory bodies.
- Managed corporate investment strategies, capital structure optimization, and financing activities (equity, debt, and other instruments) to support business expansion and liquidity needs.
- Managed cash flow and liquidity to ensure the company met short and long-term financial obligations while optimizing working capital.
- Led communication with internal and external stakeholders, including the CEO, Board of Directors, investors, and auditors, to present financial performance and strategic financial initiatives.
- Directed and mentored a high-performing finance team, fostering a culture of continuous improvement and professional development within the department.
- Improved profitability by more than 80% through strategic financial initiatives and cost-control measures.
- Led the end-to-end implementation of brokerage plans, aligning business goals with regulatory compliance and market dynamics.
- Established a robust financial reporting system that significantly enhanced the accuracy and timeliness of financial data, leading to improved decision-making and reporting efficiency.
Assistant Vice President – Financial Accounting & Taxation
SMC Global Securities Limited
10.2011 - 12.2023
- Handling team of 10 professionals comprising of Chartered Accountants, Company Secretaries & other professionals.
- Financial Control of Holding Company & Group Companies.
- Monthly closing of financial books for all group companies and preparation of financial statements as per applicable accounting standards.
- Consolidation of all group company financials and preparation of consolidated financial statements.
- Finalisation of financial statements and preparation for quarterly Board Meetings.
- Supervision of all audits & discussion with auditors for resolution of issues viz. Statutory Audit, Tax Audit, GST Audit, Internal Audit, Regulatory Audits & any other Special Audits.
- Regulatory filings to SEBI, Stock Exchanges, Direct & Indirect Tax Departments & other statutes.
- Spearheading corporate and financial planning initiatives in Accounts & Finance, Auditing & Taxation, MIS etc.
- Determining financial objectives. Designing & implementing systems, policies & procedures to facilitate internal financial control.
- Developing reports for top management and other stakeholders summarizing the business financial position in areas of income, expenses, capital usage and cash flows.
- Developing and updating accounting, finance and management policies and procedures.
- Coordinating the preparation, maintenance and filing of projected P&L Account and Balance Sheet as required by bank authorities and other financial institutions.
- Supervised all Finance & Administration Department employees and was responsible for the division’s overall management, coordination, and assessment.
- Operating under ERP environment and having complete control over ERP systems.
- Key member of team for preparation and filing of Draft Red Herring Prospectus (DRHP) with SEBI in 2014. Actively participated in all financial reporting and other requirements.
- Key member of team for preparation and finalization of the Financial Statements for filing Form F-1 with Securities Exchange Commission in United States in March 2016 and in June 2016. Actively interacted with global accounting firms for periodic preparation of financial statements as per IND AS, US GAAP and other accounting standards for the purpose of ADR/ GDR issuance.
- Key member of team for IND AS implementation in the year 2018 for holding company and all group companies.
- Key member of team for preparation and finalization of the Financial Statements in demerging and merging subsidiary companies into holding company in year 2019.
- Facilitated the process of GST implementation, Impact Analysis and successfully filed GST monthly and annual returns without much hassles.
- Actively participated in Direct & Indirect Tax Assessments including those relating to Surveys, Search & Seizure.
- Implementation of ERP systems.
Articleship
M/S Vijay Mukesh & Co.
01.2007 - 06.2010
- Statutory Audit of Crystal Phosphates Ltd. (26 Branches), Satish Chand Rajesh Kumar Pvt. Ltd. in capacity of Team Leader.
- Tax Audit of Crystal Phosphates Ltd, Govindjee Dairy Milk Pvt Ltd.
- Internal Audit of GK Dairy & Milk Products Pvt Ltd (Gopaljee Group).
- Physical verification of Inventories & Stores of Air India, Rural Electrification Corporation, Apollo International, KRBL Ltd.
- SOX Compliance checking of Mahanagar Telephone Nigam Ltd.
- Direct & Indirect Tax Return Filing and other tax matters of individuals and Firms.
- ROC form filling & Annual return preparation & submission.
Education
CA (Final) -
The Institute of Chartered Accountants of India (ICAI)
04.2001 -
B.Com. (Honours) -
Delhi University
03-2009
12th -
CBSE Board
03-2006
10th -
CBSE Board
03-2004
Skills
- ERP Packages- Oracle (Share Broker Back Office – developed by Focus Infosoft Pvt Ltd), Tally, Shilpi
- MS Office 365 - MS-Word, MS Power point, MS-Excel with advanced tools & formulas
References
Available on request
Accomplishments
- Secured highest marks in school in Accountancy & Mathematics in CBSE Board Exams.
- Owing to extra ordinary performance in School, was given Education Scholarship for Senior Secondary Education.
- Successfully cleared Social Science Talent Search Examination with distinction at school level.
- Received Certificate of Proficiency from NIIT at school level.
Areas Of Exposure
- Corporate Accounting & Control
- Group Company Consolidation
- Financial Planning & Analysis
- IND AS Implementation
- DRHP/ RHP & other regulatory filings
- Corporate Taxation
- GST Implementation, Planning & Filings
- Budgeting & Costing
Timeline
Chief Financial Officer
Zuari Finserv Limited
12.2023 - Current
Assistant Vice President – Financial Accounting & Taxation
SMC Global Securities Limited
10.2011 - 12.2023
Articleship
M/S Vijay Mukesh & Co.
01.2007 - 06.2010
CA (Final) -
The Institute of Chartered Accountants of India (ICAI)
04.2001 -
B.Com. (Honours) -
Delhi University
12th -
CBSE Board
10th -
CBSE Board
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