Sunil Suresh Chhabria
Mumbai
Summary
Finance leader with 17+ years of expertise in FP&A, Budgeting/forecasting, working capital management, Capex control, financial reporting and transaction accounting across global organizations. Proven track record of optimizing liquidity, driving ERP/SAP S4 HANA transformations and enhancing EBITDA and cash flows. Experienced in managing cross-border teams, M&A due diligence and IPO readiness.
Overview
23
23
years of professional experience
Work History
Senior General Manager, FP&A
VFS Global Services Private Limited
05.2020 - Current
- Budgeting: Streamlined entire budgeting process prepared at 3 different levels of consolidations reducing forecast variances significantly.
- Controlling activities: Working with regional Finance Heads for tight vendor payments, capex controls and improved collections. Reduced delayed recovery provisions by 30%. Boosted liquidity by $5M and EBITDA by $4M. Monitoring in-house development of AI tools and systematic allocation of costs to individual tools.
- S4 HANA migration: Currently leading S4 HANA finance transformation, automation of budgeting/forecasting, lender’s reports, Capex reports, etc.
- Financial reporting: Monthly review of group financial statements, finalization of Board packs and reports for the PE Investors and lenders.
- M&As: Partnered for M&A evaluations and due diligence. Aligning accounting policies of acquired entities with group’s policies.
- Extensive use of AI tools in analysis and research on accounting topics. Usage of Macros to automate repetitive tasks.
- Balance sheet review: Review of balance sheets of material entities to highlight and resolve key accounting issues.
- Lead a team of qualified CAs fostering collaboration, IFRS training and performance excellence.
Manager – Financial Accounting and Advisory Services (FAAS)
Ernst & Young Associates LLP (Member firm of Ernst Young)
10.2014 - 04.2020
- GAAP conversions: Led GAAP conversions including Ind-AS diagnostics, preparation of financial statements and impact assessments of Ind AS 115 and Ind AS 116.
- Accounting opinion: Provided accounting opinions on complex arrangements (IFRS/Ind-AS), enabling critical business decisions in areas of fund raising, acquisitions, etc.
- IPOs: Preparation of Restated financial statements in accordance with Ind AS and SEBI Regulations, managed PMO activities thereby handholding companies in their IPO journey.
- Assessed Companies Act, 2013 and GST impact on accounting and reporting processes.
Assistant Manager - Assurance
Lovelock & Lewes (Member firm of Price Waterhouse Coopers)
11.2009 - 10.2014
- Statutory audits, Tax audits, Group reporting and due diligence of companies belonging to wide range of industries eg: Polymers, Telecom, Facility management, Retail and Advertisements.
Executive - Assurance
Bharat S. Raut & Associates (Member firm of KPMG)
02.2008 - 10.2009
- Statutory audits, Tax Audits and Group reporting of well-known companies in Chemicals, FMCG, Engineering and F&B sectors.
Manager - Audit
M/s R. K. Khanna and Associates (Chartered Accountants)
05.2007 - 02.2008
- Led consultancy projects evaluating finance processes, statutory audits, and tax compliance.
Intern
M/s Sudhir Vora & Associates, Chartered Accountants, Bandra (W), Mumbai
08.2002 - 08.2005
- Assisted in tax filings and statutory audits for SMEs.
Education
Chartered Accountancy -
01.2008
B.Com - undefined
Mumbai University
01.2003
Skills
- Strategic Finance & FP&A
- Budgeting & Forecasting
- Working Capital & Liquidity Management
- Capex Control
- SAP S4 HANA Implementation
Accomplishments
- Consistently rated ‘Exceed expectations’ at VFS Global for 5 consecutive years.
- Promoted exceptionally to General Manager – Finance in current employment. Received ‘Champion of the month’ award in 2023.
- At EY awarded twice ‘Client Champions’ for building and maintaining excellent client relationships, ‘Manager Excellence’ award for leading a team in an IPO engagement and ‘Best consultant award’ from a PSU client.
Additional Information
Currently pursuing CFO Leadership Program from Indian Institute of Management Calcutta.
Timeline
Senior General Manager, FP&A
VFS Global Services Private Limited
05.2020 - Current
Manager – Financial Accounting and Advisory Services (FAAS)
Ernst & Young Associates LLP (Member firm of Ernst Young)
10.2014 - 04.2020
Assistant Manager - Assurance
Lovelock & Lewes (Member firm of Price Waterhouse Coopers)
11.2009 - 10.2014
Executive - Assurance
Bharat S. Raut & Associates (Member firm of KPMG)
02.2008 - 10.2009
Manager - Audit
M/s R. K. Khanna and Associates (Chartered Accountants)
05.2007 - 02.2008
Intern
M/s Sudhir Vora & Associates, Chartered Accountants, Bandra (W), Mumbai
08.2002 - 08.2005
B.Com - undefined
Mumbai University
Chartered Accountancy -
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