RAJANAVAZ SHAIKH

Central Consolidation Department of Retail Group [1 yr]

• Preparation of Consolidated FS of RRVL [ Holding Comp for Retail Group entities ], includes BS and P&L elimination working,
• Analysis of Stand alone / Consolidated FS of 60+ subsidiaries of RRVL on monthly basis,
• Preparation of consolidated notes to accounts as per Ind AS, for Hard Closure FS [ Q3 ] & Annual FS,
• Preparation of MIS reports for BOD, like –BS movement (includes NCI & Goodwill movement), P&L and BS Variance Analysis along with summaries reasons, Ratio Analysis,
• Participation in SAP automation project, which reduced 40 % time for preparation of Consolidated FS.
• Improved financial reporting accuracy by streamlining data collection and analysis processes.
• Done efficient month-end close processes, significantly reducing time taken to generate accurate financial statements for management review.
• Collaborated with internal teams to develop comprehensive financial reports that provided valuable insights into business performance.
• Played a key role in successful audits by promptly addressing auditor inquiries and providing relevant documentation as needed.
• Ensured compliance with regulatory requirements by staying up-to-date on industry standards and implementing necessary changes to company accounting practices.
• Ensured compliance with GAAP by diligently reviewing financial statements and disclosures.

Central Insurance Department for Retail Group [0.5 yr]

• Insurance premium expenditure accounting for retail group companies.
• Vendor ledgers reconciliations. Completed 5 year vendor recon in 2 month for 40+ entities, along with routine work.
• Assist AR team for accounting of receipt amount from insurance partner, & co-ordination with AP team for renewal / additional premium payment to insurance partner.
• Maintenance of minimum CD balance with insurance partner to meet future premium requirements.
• Passing bulk accounting entries for inventory & cash loss claims. Prepared of excel template, which reduced time for accounting entries.

• Detailed scrutiny of all ledgers to verify compliance of laws [ like - income tax, GST, companies Act etc. ].
• Preparation of FS as per statutory requirement, as well as preparation of Audit Report [ Statutory & Tax AR ].
• Conducted regular follow-up audits to monitor progress on corrective actions taken in response to previous findings.
• Achieved timely completion of audit projects through effective planning, execution, and follow-up procedures.
• Assist to Articles for vouching of transactions.
• Reduced financial discrepancies by conducting thorough internal audits and identifying areas of improvement.
• Performed other projects, like stock audit etc.