Roshan P Morajkar
Jogeshwari (e),Mumbai
Summary
Accomplished finance manager with a proven track record at Istituto Marangoni, enhancing EBIT by 50% through strategic financial planning and risk management. Demonstrates strong leadership and financial analysis skills, excelling in compliance management and budget control. Expert in driving efficiency and profitability within dynamic and challenging environments.
Overview
15
15
years of professional experience
Work History
Manager -Finance & Accounts
Istituto Marangoni
Mumbai
10.2021 - Current
- Company Overview: Italian Fashion, Design and Art School
- Heading Accounts and Finance Department of Istituto Marangoni Mumbai
- Responsible and lead the company's finance and accounting operations, manage & improve IM India's entire financial accounting, monitoring and reporting system
- Operating closely with Director and Global CFO for decisions related to strategic planning and long term objectives to drive commercial decision-making, shaping, challenging and recommending proposals
- Working on various business analysis processes, including occupancy planning, verifying potential cost savings, objective is to achieve the set target by leading independently the Finance strategy of IM India
- Monthly closing MIS - P&L, cash flow, budgeting, forecasting and longer term planning, working capital modelling
- Performing cost controls, Internal controls, tax planning, payroll team control
- Monthly P&L review, detailed variance analysis and commentary
- Coordination with external consultants for Audit, Taxation, Transfer Pricing, ROC compliance
- Key role in setting up new sales office at New Delhi
- Key Role for one of Legal Suit in coordination with International and Indian Legal team
- Working knowledge of Tagetik software
- Italian Fashion, Design and Art School
- Introduced new model and work flow for Academic team which improved Tutor cost and Tutor utilization
- Detailed work on cost plus model in alignment with transfer pricing rules lead Mumbai school to generate cost plus revenue
- Come up with efficient commission model for student directly sent to abroad
- Above steps leads to increase in overall EBIT by 50%
Manager -Finance & Accounts
Havas Worldwide India Pvt. Ltd.
Mumbai
10.2019 - 09.2021
- Company Overview: (Subsidiary of Havas Group, French multinational advertising and public relations)
- Preparing various MIS Reports like Cash Flow, Debtors Collections, Monthly Reporting, Budgeted Monthly Cost estimates
- Consolidation and Checking of various reports received by branch office
- Assisting in company's Statutory Audit & Internal Audit which requires preparing various reports/ analysis, details
- Preparation of Financial statements as per Companies Act, 2013
- Company Law Compliance & Roc
- Preparing Board Minutes, Notice, Board Resolutions and other ROC related documents
- Preparing and timely filling of ROC Annual Returns, appointments of directors & auditors and other various forms, Other ROC work like obtaining DIN, Digital Certificates, Shares Certificates, Directors details & others
- Compliance with RBI, Foreign Investment in company (FCGPR/DI)
- Statutory Compliance
- Preparing GST working
- Preparing TDS working
- Assisting in filing of GST returns
- (Subsidiary of Havas Group, French multinational advertising and public relations)
Sr-Accounts Executive
Avalon Consulting
Mumbai
02.2018 - 10.2019
- Company Overview: (Div.Stratbiz Consulting Pvt.Ltd.)
- Reporting Monthly P & L & Balance sheet & Budgets, forecast to CEO
- Preparation of VP & Director wise P&L for Cost control & Evaluation of various management decisions (Monthly/Half yearly/Yearly)
- Cash flow statement reporting (weekly) for fund planning
- Preparation & Presentation of Annual Financial statements as per companies act, 2013 with generally accepted accounting Principles
- Annual workings for depreciation as per Companies act & Income tax act, Computation of deferred Tax and Tax Audit
- Filing of monthly GST returns & related workings for Annual Return
- Workings related to transfer pricing compliance
- (Div.Stratbiz Consulting Pvt.Ltd.)
Manager-Accounts
Classic Group
Mumbai
06.2013 - 02.2018
- Company Overview: (Group of companies operating in Real Estate, Investing, Corporate Broking)
- Preparation various reports surrounding the Matrix of the Accounts department annual forecasts and budgeting for Expenses, Fund Flow Statement (monthly/yearly)
- Handling intercompany loans and fund Planning
- Supervising and reviewing work of accountants for proper recording of accounting entries, FD/OD interest calculation, credit card statement reconciliation, Bank reconciliation
- TDS, Service tax and GST Compliance & Coordination for ROC Compliance
- Accounts: Preparing and maintaining statutory books of accounts and reconciliation statements, ensuring compliance with time and accuracy norms
- Supplier/ Employee advance adjustments
- Deposits of collections & reconciliation of customer accounts
- Finalization of accounts with the help of auditors
- Maintenance of overall payroll of around 60 employees of organization
- Preparation of Monthly Budgets for the purpose of Remittance from UK
- Allocation of salary of employees according to labour law compliances
- Statutory Compliances and Foreign remittance
- Calculation of PF, ESIC, PT contribution and depositing the same with government
- Dealing with all legal and procedural requirements with respect to Monthly Remittance from UK
- Procedural requirement with bank for conversion of GBP in to Indian Rupee
- Taxation
- Deduction and Deposit of TDS with respect to Income tax Act, 1961
- Preparation of TDS returns for Salary (24Q) and Non-salary (26Q)
- Preparation of form 16 for all employees in organization
- Preparation of form 16A
- Salary heads Adjustment for Director for tax managements
- (Group of companies operating in Real Estate, Investing, Corporate Broking)
Article Assistant
Ketan J.Gogri & co.
Mumbai
11.2009 - 03.2013
- Independently handled MVAT Audit as per the Provision of Maharashtra Value Added Tax Act, 2002
- Mirc Electronic Limited (Onida)
- Adonic Electronic Private Limited (Sister concern of ONIDA)
- SPECIAL AUDIT (For Service Tax and Vat Scrutiny) Drive India Enterprise Solutions Ltd
- (Sister concern of TATA)
Education
Diploma - International financial reporting standards
ACCA - UK
01.2019
CA Inter -
ICAI
01.2012
B.Com - Management Accounting & Taxation
Mumbai University
01.2009
Skills
- Leadership
- Financial planning
- Financial analysis
- Risk management
- Compliance management
- Strategic planning
- Investor relations
- Resource allocation
- Trend analysis
- Business administration
- Budget control
Languages
- English
- Marathi
- Hindi
Personal Information
- Date of Birth: 23/07/88
- Marital Status: Married
Timeline
Manager -Finance & Accounts
Istituto Marangoni
10.2021 - Current
Manager -Finance & Accounts
Havas Worldwide India Pvt. Ltd.
10.2019 - 09.2021
Sr-Accounts Executive
Avalon Consulting
02.2018 - 10.2019
Manager-Accounts
Classic Group
06.2013 - 02.2018
Article Assistant
Ketan J.Gogri & co.
11.2009 - 03.2013
Diploma - International financial reporting standards
ACCA - UK
CA Inter -
ICAI
B.Com - Management Accounting & Taxation
Mumbai University
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