SIDDHI KUMAT
Mumbai
Summary
Accomplished Chartered Accountant with extensive experience in financial management, taxation, auditing, and compliance. Proficient in navigating complex regulatory frameworks and ensuring adherence to taxation laws and accounting standards. Skilled in conducting thorough financial analysis to drive informed decision-making and optimize business performance. Strong leadership abilities, with a proven ability to lead teams and manage projects effectively.
Overview
6
6
years of professional experience
Work History
Senior Manager - Indirect Taxation
Reliance General Insurance Company Limited
Mumbai
02.2024 - Current
- Managing a team of 5+ employees by providing guidance, setting goals and objectives, delegating tasks, and monitoring performance.
- Developing and implementing strategies to improve operational efficiency, reduce costs, and increase productivity.
- Monitoring competitor activities for better understanding the actions taken for industry vide tax litigation issues.
- Drafting the replies to the notices issued by Government authorities and liasioning with the Department.
- Attending Summons at Central DGGI level and state level for various tax litigative matters.
- Performing financial analysis to inform discussions with partners and make strategic decisions along with actively participating in preparation and presentation of board notes during meetings.
- Collaborating with external consultants to negotiate contracts that met company requirements while minimizing costs.
- Implementing new technologies such as ERP systems or CRM tools to streamline business processes.
- Ensuring compliance with applicable laws, regulations, policies, and procedures across all business units through Indirect Tax perspective.
- Establishing effective communication channels between different departments within the organization.
- Participating in recruitment initiatives by interviewing potential candidates and selecting suitable hires.
- Working cross-functionally with marketing, sales and finance departments.
- Resolving customer inquiries and complaints requiring management-level escalation.
Associate - Indirect Taxation
Price Waterhouse & Co LLP
Mumbai
11.2021 - 09.2023
- Prepared and submitted monthly indirect tax returns, annual returns and other compliance work in timely manner.
- Drafted the responses to the notices issued to the clients and liaised with external government authorities on matters relating to Indirect Tax litigation for various clients.
- Developed procedures and processes to improve accuracy and efficiency of indirect tax compliances by performing SAP-API integration.
- Conducted research into complex taxation issues and developed solutions accordingly.
- Advised management on financial implications of proposed business decisions related to Indirect Taxation and identified opportunities for minimizing the company's exposure to Indirect Tax liabilities.
- Reviewed contracts with customers and suppliers to identify potential areas requiring taxation advice to claim the input tax credits.
- Developed training materials and conducted workshops for clients regarding Indirect Taxation updates and collaborated with colleagues from other departments in order to provide reports.
- Participated in meetings with clients concerning taxation laws and regulations and provided guidance and support on interpretation and implementation of amendments in Indirect Taxes.
- Researched changes in taxation regulations to determine their impact on the organization's operations.
- Assisted with the preparation of documents for external audit reviews related to indirect tax.
- Developed procedures and processes to improve accuracy and efficiency of indirect tax compliance activities.
- Advised management on financial implications of proposed business decisions related to Indirect Taxation.
Articled Assistant
RSPH & Associates
Nashik
09.2018 - 09.2021
- Reviewed and analyzed accounting records, including trial balances and general ledgers. Also, prepared financial statements in accordance with applicable laws for small clients.
- Assisted in preparing monthly tax returns, reconciliations, budgets, forecasts, and other financial documents as needed.
- Conducted audits in coordination with senior team members, verified adherence to audit scope and timelines and performed analytical audit reviews to confirm accuracy.
- Conducted Concurrent, Statutory, Credit and Stock Audits of Nationalized Banks. In addition to this, conducted statutory audit of Private Limited Companies, Co-operative Societies, Charitable Trusts and Internal Audit of Government Entities.
- Participated in audits conducted by external auditors ensuring compliance with all applicable laws and regulations.
- Analyzed complex financial data to identify discrepancies or errors in bookkeeping entries.
- Attended training sessions related to accounting procedures which included updating internal policies and procedures manuals.
- Checked client accounting records, verified required and submitted documents, communicated with clients regarding data needs and updated and maintained online databases.
- Maximized tax refunds by collating the data and filing of the refund claims.
- Identified and highlighted critical issues requiring senior team attention and reconciled data from tax authorities against assessee's records.
- Managed and trained team members to enhance audit department performance and increase operational efficiency.
- Worked as an active member of a team to ensure personal and team objectives along with service standards are consistently achieved.
Education
Chartered Accountant - Accounting, Finance and Taxation
Institute of Chartered Accountants of India
Nashik07-2021
Bachelor of Commerce - Finance & Taxation
University of Pune
03-2020
Skills
- Communication - Excellent written and verbal skills developed while effectively working in a highly-diversified environment
- Team player - Effectively working in various group assessments
- Leadership – Successfully lead various projects
- Time management – Successfully meeting all deadlines for Taxation compliances
- EXCEL tools - Ability to use advanced Excel tools like Pivot tables, Power Query
- ERP tools – Worked on various ERP tools like SAP, Tally
Languages
- English (Fluent)
- Hindi (Native)
- Marathi (Native)
Timeline
Senior Manager - Indirect Taxation
Reliance General Insurance Company Limited
02.2024 - Current
Associate - Indirect Taxation
Price Waterhouse & Co LLP
11.2021 - 09.2023
Articled Assistant
RSPH & Associates
09.2018 - 09.2021
Chartered Accountant - Accounting, Finance and Taxation
Institute of Chartered Accountants of India
Bachelor of Commerce - Finance & Taxation
University of Pune
Similar Profiles
YASHRAJ NAGPUREYASHRAJ NAGPURE
Chief Manager- Actuarial at Reliance General Insurance Company LimitedChief Manager- Actuarial at Reliance General Insurance Company Limited
Priya NagarPriya Nagar
Senior Manager at ICICI Lombard General Insurance Company LimitedSenior Manager at ICICI Lombard General Insurance Company Limited
M SURESHM SURESH
Vice President of Operations at Radiant Insurance Broking Private LimitedVice President of Operations at Radiant Insurance Broking Private Limited