Romal Gada
Andheri (West), Mumbai
Summary
Accounts & Taxation professional with over 9 years of experience. Strong knowledge of IFRS, IGAAP, Ind AS, Financial Reporting and Auditing and Taxation, MIS. Experienced in fast-paced environments and adaptable to last-minute changes. Thrives under pressure and consistently earns high marks for work quality and speed.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Manager - Finance Controlling
Tata Play Limited
11.2022 - Current
- Enhanced efficiency through implementation of effective protocols for timely closure of Board MIS and readiness on Day 1 each month.
- Developed comprehensive interim financial reports encompassing both Consolidated and Standalone statements with a focus on Schedule III, IFRS, Ind AS, and CARO Reporting.
- Developed an automated KPI cost dashboard meeting the requirements of inter-departmental teams and senior management, resulting in a 90% accuracy improvement and a report generation time reduction from 5 days to 1 day collaborating in Power BI dashboards.
- Managed the preparation of Board Deck, resolving all audit queries and actively assisting auditors during audit committee meetings.
- Proactively involved in financial planning and analysis (FP&A), contributing to the company's annual budgeting process and periodic forecasting.
- Automated the entire RPT presentation process and seamlessly integrated it with Power BI.
- Conducted thorough analysis of customer operations costs, uncovering fraudulent practices within call center agencies while managing IT tasks.
- Implemented user-friendly manuals and process notes to enhance organizational efficiency.
- Monitored and analysed Expense variations, identified trends and conducted analysis of budget vs forecast.
- Performed regular presentations on diverse management reports to enhance understanding and decision-making processes.
- Contributed to the smooth operations of cost accounting, payment procedures, policy development initiatives, and SOP implementation.
- Oversaw the company's cash flow and working capital to ensure the availability of ample funds for its financial obligations and needs.
- Led automation projects for IND AS 116 accounting procedures, leveraging LeazeOn platform and implemented process improvements.
Assistant Manager - Finance & Accounts
Godrej Properties Limited
03.2020 - 11.2022
- Assisted management with financial analysis of profit, cost, and sales metrics to drive growth for a 5000 crore Township project
- Evaluated funding options by closely monitoring the project's fund flow/cash flow from different banks
- Implemented society formation process after the handover and assisted in society/commerical accounting for pass-through charges, common area maintenance, and premises leasing, etc.
- Restated prior period books in accordance with Ind AS 1 following a merger ensuring accurate representation of financial data.
- Directed the business processes redesign initiative for monthly reports in collaboration with cross-functional teams ensuring internal reporting control and efficient decision making
- Establishing budgetary controls to ensure accuracy in project handover processes, the first of its kind initiative in the organization for facility management
- Demonstrated expertise in preparing financial statements adhering to CARO 2020 & Revised Schedule III guidelines. Proficient in conducting diverse analyses such as NRV Analysis, QA Working for qualifying asset workings, EIR Workings among others. Evaluated operational cash flow and assessed subvention schemes and DTA.
- Determined financial viability and forecasted PBT, supporting strategic IFM preparation and AOP exercise for annual budget controls.
- Implemented strategies to maximize utilization of ITC and ensure proper allocation of common credit under Rule 42 while considering GST implications from ongoing and new projects. Moreover, evaluated eligibility for affordable housing schemes and ensured compliance with anti-profiteering rules.
- Spearheaded RERA Implementation and periodic audits while ensuring ongoing compliance for eligibility checks during funding shortages
- Performed financial due diligence (FDD) and evaluated risk of JVP's entities, internally and with Big 4 firms, before finalizing new deals.
- Maintained regular monthly ICFOR compliances to uphold controls and processes.
Accounts Manager - Finance & Accounts
Satra Properties (India) Limited
07.2019 - 02.2020
- Conversion of IGAAP Financials into IND AS Financials on a quarterly basis
- Collaborated with external auditors to compile necessary documentation for year-end and interim audits, ensuring compliance with financial reporting standards.
- Managed all aspects of GST compliances, including tax computation, payment, return filing, ITC reconciliation, and preparation of annual return for audit.
- Verified TDS computation, facilitated payment and assisted in filing returns
- Supported Company Secretary in completing Secretarial Compliances, including the filing of Annual Return & Financial Statements with ROC
- Optimized revenue recognition by utilizing precise methodologies like Completed Contract and POCM Method, in accordance with Ind AS 115 standards.
Senior Executive - Finance & Accounts
Stemkor International Private Limited
01.2018 - 03.2019
- Preparation of tax returns of Individuals, Firms, Cos etc
- Prepared and analyzed the draft financial statements including Audit Report, Directors Report, Notes to accounts, Tax audit Reports (3CA, 3CB, 3CD)
- Represent the company before all regulatory bodies including Income Tax, Sales Tax, RBI, Profession Tax, etc
- Prepare Comparatives with PY Nos
- Developed concise Variance Analysis Reports highlighting major variances. Actively monitored crucial PL and Balance Sheet parameters.
- Successfully integrated Payroll Accounting System and Invoicing system.
Audit Executive
Engineer & Mehta (Asit Mehta & Associates)
12.2015 - 11.2016
- Achieved enhanced internal financial controls through rigorous examination of process documentation during Walkthroughs
- Conducted control tests for Design (TOD) and Operating Effectiveness (TOE) at Enkei Wheels (India) Ltd.
- Developed Risk Control Matrix for IFC
- Oversaw compliances finalizations, including preparation of Balance Sheet and conducting Statutory Audit for manufacturing companies in the listed sector ranging from 300 to 1000 crs.
- Prepared Notes to Accounts and Statutory Audit Reports, ensuring compliance with CARO2003, CARO2015, and Accounting Standards.
Article Assistant
Mehta Kothari & Co. (CA Firm)
09.2012 - 09.2015
- Conducted VAT, statutory, tax, and stock audits for a variety of companies and partnership firms.
- Successfully handled complex tax calculations such as CSR Applicability, Material Subsidiary, Deferred Tax workings.
- Preparation of Replies to all the Notices and Assessment matters under Income Tax Act
- Prepared remittances form, net worth certificates
- Indirect Tax: - Calculation of monthly Sales Tax (CST & VAT) liability Sales Tax Form Reconciliations with Sales Tax Workings Filing of sales tax return.
Education
Bachelor of Commerce -
Mumbai University
Higher Secondary Certificate -
Maharashtra Board
Secondary School Certificate -
Maharashtra Board
CA Final -
ICAI
IFRS -
ACCA
CPA (US) -
AICPA
Skills
- IFRS
- IGAAP
- Ind AS
- Financial Reporting
- Auditing
- Taxation
- MIS
- Communication skills
- Analytical skills
- Leadership
- Finance Controlling
- Consolidated Financial statements
- Standalone Financial statements
- Fraud detection
- Cost accounting
- Policy design
- SOP
- Financial analysis
- Business processes redesign
- CARO 2020
- Operational cash flow
- Corporate Tax
- Tax Audit
- GST Audit
- RERA Implementation
- RERA Audit
- RERA Compliances
- Financial due diligence
- Risk assessment
- ICFR compliances
- GST Compliances
- TDS Computation
- TDS Payment
- TDS Returns
- Filing of Annual Return
- Revenue recognition
- Financial statements analysis
- Regulatory bodies representation
- Comparatives analysis
- Payroll Accounting System
- Statutory Audits
- Stock Audit
- Swimming
- Music writing
- Cricket playing
- Travelling
- Budget Control
- Cross-Functional Teamwork
- Policy Implementation
- Financial Management
- Expense Tracking
Personal Information
- Knowledge of SAP, BI Analyzer, Tally 9.0, Zycus, Salesforce, CLM software Hands-on Tableau software experience to view and basic editing skills. Basic Power BI use case functions, Oracle FCCS Implementation with Deloitte
- Date of Birth: 15/01/1993
Languages
Gujarati
First Language
English
Advanced (C1)
C1
Hindi
Advanced (C1)
C1
Marathi
Elementary (A2)
A2
Certification
- Completed GMCS Course & 100 Hours of computer training under ICAI
- Certificate for Tally ERP 9 from NIIT
- Certificate from Life Vidyapeeth
- Various Linkedin learning courses certification.
Timeline
Manager - Finance Controlling
Tata Play Limited
11.2022 - Current
Assistant Manager - Finance & Accounts
Godrej Properties Limited
03.2020 - 11.2022
Accounts Manager - Finance & Accounts
Satra Properties (India) Limited
07.2019 - 02.2020
Senior Executive - Finance & Accounts
Stemkor International Private Limited
01.2018 - 03.2019
Audit Executive
Engineer & Mehta (Asit Mehta & Associates)
12.2015 - 11.2016
Article Assistant
Mehta Kothari & Co. (CA Firm)
09.2012 - 09.2015
Bachelor of Commerce -
Mumbai University
Higher Secondary Certificate -
Maharashtra Board
Secondary School Certificate -
Maharashtra Board
CA Final -
ICAI
IFRS -
ACCA
CPA (US) -
AICPA
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