Somil Jain

• Managed financial close activities, including accruals, prepayments, and reclassifications, to ensure precision and timeliness in monthly and annual reporting.
• Delivered performance insights by evaluating monthly and quarterly financial statements, identifying key trends, and discrepancies to support executive-level decisions.
• Performed a detailed review and reconciliation of general ledger accounts, aligning with internal controls and relevant accounting standards.
• Monitored budget versus actual performance reports, and collaborated with the business unit to analyze variances and support accurate forecasting.
• Managed a team of analysts responsible for the complete accounting lifecycle, from journal entries to final financial reporting.
• Presented monthly financial statements and key insights to business stakeholders.

• Determined the appropriate accounting treatment for expenditures by assessing capitalization versus expense criteria in accordance with relevant standards.
• Monitored and tracked costs during asset construction and development phases to ensure accurate project accounting and capitalization.
• Maintained and updated fixed asset schedules, including acquisitions, disposals, and inter-entity transfers, ensuring completeness and audit readiness.
• Accurately calculated and recorded depreciation for diverse asset classes, contributing to reliable and compliant financial reporting.
• Finalized management accounts by preparing and reviewing journal entries for monthly, quarterly, and annual reporting cycles; drafted financial statements in line with client requirements.
• Trained, mentored, and supervised junior team members, ensuring adherence to accounting standards and internal control procedures.
• Verified data accuracy by assessing entries, calculations, and account codes to maintain integrity across financial systems.
• Ensured timely resolution of client queries while consistently meeting service level agreements (SLAs), and upholding high-quality deliverables.

• Completed audits in accordance with regulations and procedures.
• Reviewed general ledger transactions to identify errors or irregular entries.
• Assessed financial statements and records.
• Supported senior auditors in the preparation of detailed reports for management, outlining key findings and areas for improvement.
• Performed extensive assessments of accounts, including payables, receivables, equity, debt, and revenue, to verify accuracy in financial reports.
• Key activities: Statutory Audit, Concurrent Audit, and Tax Audit.

• Prepared working papers, reports, and supporting documentation for audit findings.
• Maintained confidentiality of sensitive information while handling client accounts, adhering to strict ethical standards at all times.
• Completed all phases of audit engagements, including planning, budgeting, fieldwork, and supervising a 2-member team.

Undertaking an MBA with dual concentrations in Applied Finance and Leadership & Strategy to strengthen financial acumen and strategic leadership capabilities.