Summary
Overview
Work History
Education
Skills
References
Training
Languages
Personal Information
Timeline
Generic
Vaibhav Parekh

Vaibhav Parekh

Pune

Summary

Dynamic finance professional with extensive experience at Palladium Consulting India, excelling in financial reporting and analysis. Proven track record in optimizing resources and enhancing profitability through strategic cost control measures. Adept at negotiation and fostering management communication, driving impactful decisions that align with organizational goals. Result-driven Finance Controller known for high productivity and efficient task completion. Skilled in financial reporting, budgeting, and risk management. Excel at strategic planning, leadership, and communication, ensuring seamless operations in fast-paced environments. Seasoned Finance Controller with comprehensive knowledge in financial reporting, budget forecasting, and corporate tax planning. Skilled at streamlining financial operations to improve efficiency and cost-effectiveness. Notable for successfully managing multiple projects simultaneously while maintaining high standards of professionalism and integrity. Proven effectiveness in establishing strong working relationships with key stakeholders, demonstrating ability to influence decision-making processes.

Overview

14
14
years of professional experience

Work History

FINANCE CONTROLLER

PALLADIUM CONSULTING INDIA PRIVATE LIMITED
01.2020 - Current
  • Prepared monthly management reports and presentations for strategic decision-making.
  • Led Finance and Accounts team, ensuring compliance and efficiency in operations.
  • Managed fund allocations and banking facilities to optimize financial resources.
  • Supported Business Development team in bid preparation and RFP responses.
  • Implemented cost control measures to enhance project income and achieve targeted EBITDA.
  • Developed year-over-year financial forecasts and tracked actual performance against projections.
  • Conducted variance reporting to management, highlighting financial discrepancies.
  • Presented financials to board, ensuring compliance with regulations and guiding projections.
  • Managed the preparation of the company's budget and monitored performance against it.
  • Developed and maintained effective internal control systems to ensure accuracy of financial reporting.
  • Monitored cash flow projections and adjusted budgets accordingly.

GENERAL MANAGER FINANCE

SAKAL MEDIA PRIVATE LIMITED
01.2019 - 01.2020
  • Company Overview: Leading Media Group
  • Presenting the Management reports of sales, achievements and MIS.
  • Acting as a Head of Finance for all entities and keeping a firm Control over Operational expenses of group companies and Joint Ventures.
  • Ensured compliance with local health department regulations regarding food safety standards.
  • Resolved customer complaints quickly while maintaining high quality standards of service delivery.
  • Developed marketing strategies designed to increase brand awareness within target markets.
  • Conducted market research to identify trends, opportunities, and threats in the industry.
  • Analyzed existing processes for effectiveness and developed new systems as needed to enhance overall productivity levels.
  • Prepared detailed reports for senior leadership outlining key performance metrics related to operational success.
  • Assisted in the recruitment process by interviewing potential candidates for open positions.
  • Performed routine audits of internal controls in order to maintain accuracy of financial records.
  • Provided guidance and support to subordinate managers in order to foster an atmosphere of cooperation throughout the organization.
  • Established and maintained effective communication with staff members to ensure efficient operations.
  • Managed all aspects of daily business operations including budgeting, staffing, scheduling, inventory control, customer service and sales.
  • Conducted regular meetings with senior management team to review progress against established objectives.
  • Created a positive work environment by developing team building activities that encouraged collaboration among departments.
  • Identified areas of improvement in current business practices and collaborated with other departments to develop action plans for implementation.
  • Monitored financial performance and identified areas for improvement in cost savings and revenue generation.
  • Managed inventory levels and conducted corrective action planning to minimize long-term costs.
  • Created schedules and monitored payroll to remain within budget.
  • Supervised employees through planning, assignments, and direction.
  • Designed sales and service strategies to improve revenue and retention.
  • Directed safety operations and maintained clean work environment to adhere to FDA and OSHA requirements.
  • Tracked monthly sales to generate reports for business development planning.
  • Guided management and supervisory staff to promote smooth operations.
  • Enhanced operational performance by developing effective business strategies, systems and procedures.
  • Administered employee discipline through verbal and written warnings.
  • Maximized time and employee productivity, consolidating data, payroll and accounting programs into centralized systems.
  • Recruited, interviewed and hired qualified staff for open positions.
  • Trained employees on duties, policies and procedures.
  • Finalizing accounts of all Media and Non-Media entities including domestic and International Joint Ventures.
  • Convening Board Meeting and presenting the financials to Management and deal with all the queries of JV and Associated entities.
  • Managing Fund Requirement within the group judiciously.
  • Analyzing tax impacts under Income Tax and GST.
  • Meeting the finance requirements through Loans and OD Facilities.
  • Statutory Controls of monthly and annual GST and Income Tax filings.
  • Visit to International entities for status update to Management and verifying control aspects.
  • Leading Media Group
  • Built and maintained loyal, long-term customer relationships through effective account management.
  • Conducted employee evaluations to provide adequate feedback and recognize quality performance.
  • Complied with company policies and government regulations to prevent and detect rule violations and protect organization from fines and lawsuits.
  • Analyzed market trends to inform business decisions and strategies.
  • Provided leadership, insight and mentoring to newly hired employees to supply knowledge of various company programs.
  • Completed thorough opening, closing, and shift change functions to maintain operational standards each day.
  • Delegated work to staff, setting priorities and goals.
  • Formed and sustained strategic relationships with clients.
  • Created effective business plans to focus strategic decisions on long-term objectives.
  • Mitigated business risks by working closely with staff members and assessing performance.
  • Directed or coordinated financial or budget activities to fund operations and maximize investments.
  • Reviewed financial statements and sales or activity reports to measure productivity or goal achievement.

SENIOR FINANCE MANAGER

OXFORD GROUP
01.2017 - 01.2019
  • Company Overview: Real Estate Constructions & Hospitality Business
  • Responsive to Management on reports of sales, achievements and MIS.
  • Meetings with Engineers and determining the cost of construction and percentage completions and with respect to RERA compliances.
  • Preparing budget and actual analysis and explanations for over ridden cost and further fund projections.
  • Fund Management for Vendor payments, taxes, salaries etc.
  • Applying for business loan, preparing CMA and projected financial statements, Bridge finances, Consortium loans and other finance requirements.
  • Appraising credit rating with credit agencies.
  • Supervising various accounts team under the group business of Golfs, Resorts, hotels and Construction businesses.
  • Monthly and yearly GST compliance and Returns.
  • Finalising accounts, direct tax compliance and assisting secretarial compliances.
  • Real Estate Constructions & Hospitality Business

FINANCE MANAGER

KINETIC ENGINEERING LIMITED
01.2015 - 01.2017
  • Company Overview: Automotive Manufacturing ~ Listed Entity
  • Reporting to Director on MIS/ Product costing/ Fund allocations/ Taxation Requirements and Compliances on a routine basis.
  • Key finance Role in execution of new segment or Business line.
  • Monthly MIS and Financial closing.
  • Fund Management, Foreign payments, Investment and Banking Relations.
  • Pricing models, Business structure, Taxation effects and other laws.
  • Treasury Manager responsible for effective utilization of funds through various channels like LC, Buyers Credit, bank guarantees, bank accounts, investments and ensuring banking data security.
  • Providing reports and financial projections to banks for its assessment towards Liquidity, Solvency and prospects for future profitability.
  • Liasoning with auditors.
  • Prepared cost models for product pricing and profitability.
  • Cost allocations for Duties, freights and overheads to Finished Products.
  • Preparing quarterly Budgets and sales targets and present to the Management the Budget V/s Actuals.
  • Tax Audits and Return Filing.
  • Direct and Indirect tax compliances.
  • Attending to Department notices.
  • Statutory registration and licenses.
  • All direct tax demands of several years closed in my duration.
  • Effective cost and pricing structures and desired system implementation.
  • Automotive Manufacturing ~ Listed Entity
  • Implemented a system of internal controls that improved compliance with GAAP regulations.
  • Maintained accounts payable and receivable records ensuring timely payments are made.
  • Identified opportunities for cost savings through process improvements and automation initiatives.
  • Evaluated existing processes within the finance department and identified areas for improvement.
  • Assisted in the development of internal controls to protect company assets.
  • Conducted risk management assessments and created strategies to minimize potential risks.
  • Prepared financial documents such as budgets, forecasts and reports.
  • Developed and managed financial plans for a variety of investments.
  • Negotiated contracts with vendors in order to obtain competitive pricing structures.
  • Provided guidance on accounting issues related to new business initiatives.
  • Developed forecasting models utilizing historical data trends to predict future revenues and expenses.
  • Created monthly performance metrics that tracked key performance indicators.
  • Advised executive leadership on capital allocation decisions based on market conditions.
  • Collaborated with external auditors to ensure compliance with applicable laws and regulations.
  • Analyzed complex financial data and generated meaningful reports for senior management.
  • Monitored cash flow to ensure sufficient liquidity.
  • Managed payroll processing activities for multiple entities including tax filings.
  • Approved and qualified applications for financing, closed sales contracts and cross-sold insurance products while complying with state laws.
  • Managed investment portfolios, assessing risk and return to make informed decisions.
  • Provided strategic financial advice to senior management and board members.
  • Analyzed competitive landscape and financial metrics to support strategic planning and market positioning.
  • Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
  • Coordinated cross-functional teams to drive efficiency and effectiveness in financial operations.
  • Made estimates of funds required for short and long-term financial objectives of organization.
  • Enhanced financial systems and processes through the implementation of technology solutions.
  • Strategized on fund procurement through banks and other financial institutions.
  • Developed financial models to support valuation, planning, and forecasting activities.
  • Calculated and prepared checks for utilities, taxes, and other payments.
  • Negotiated terms with banks and other financial institutions to secure financing and optimize terms.
  • Managed and forecasted cash flow to ensure sufficient liquidity for operations and investments.
  • Developed and implemented financial strategies to drive company growth and increase profitability.
  • Managed financial transactions involving general funds and contracts to reduce cashflow challenges.
  • Supervised and mentored finance team members, fostering a culture of continuous improvement.
  • Prepared and analyzed financial statements to inform executive decision-making.
  • Oversaw budget preparation, ensuring alignment with strategic goals and financial health.
  • Evaluated and managed financial risks, implementing strategies to mitigate adverse impacts on the organization.
  • Conducted variance analysis to identify discrepancies between actual and budgeted performance.
  • Analyzed sales activity to identify and correct cost errors or price discrepancies.
  • Promoted finance products to customers and sales force to increase penetration.
  • Implemented cost-reduction strategies to optimize spending and increase efficiency.
  • Coordinated with external auditors to facilitate annual audits and improve financial processes.
  • Analyzed financial data to determine efficient use of resources.
  • Monitored financial markets and trends to inform investment strategies and risk management.
  • Analyzed actual financial results vs budget to prepare variance reporting to functional groups.
  • Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
  • Analyzed actual financial results to budget, preparing variance reporting to functional groups.
  • Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
  • Conducted reviews and evaluations for cost-reduction opportunities.
  • Communicated with stockholders or other investors to provide information or raise capital.
  • Created financial management mechanisms to minimize financial risk to business.
  • Maintained regular performance appraisals for subordinates through verbal, written and on-going review programs.
  • Developed invoicing systems and internal controls to boost billing efficiencies.
  • Analyzed competitors and market trends to facilitate business growth.
  • Used hedging to mitigate financial risks related to interest rates on company's borrowings.

ASSISTANT FINANCE MANAGER

TRENT LIMITED
01.2011 - 01.2015
  • Company Overview: TATA Retail Enterprise ~ Listed Entity
  • Accounts closing – Month and Year end closure, preparing Balance Sheet and Schedules for Quarterly Audits.
  • Liaisoning with auditors.
  • Project Control, key analytics in Budget Control.
  • Preparation of capital budgets and getting its approval in Board meeting.
  • Verification of Budget v/s Actual.
  • Revenue control and accounts Receivables.
  • Taxation & Statutory Compliances: Finalizing Tax Audits.
  • Income tax and Tax compliances.
  • MIS & Management Reports: Presenting MIS with exceptions and further commitments for actionables.
  • TATA Retail Enterprise ~ Listed Entity
  • Collaborated with other departments such as Human Resources and Purchasing to ensure accuracy of data input into the general ledger system.
  • Tracked revenue sources from multiple channels such as online sales, retail stores.
  • Generated ad-hoc reports upon request from various stakeholders within the organization.
  • Reviewed daily cash balances and prepared weekly cash forecasts.
  • Maintained accurate records of all financial transactions including billing information, invoices, payments received and made.
  • Provided support for the development, implementation, and maintenance of internal control policies and procedures.
  • Participated in special projects related to finance operations as assigned by upper management.
  • Assisted in developing and monitoring departmental budgets to ensure fiscal responsibility.
  • Developed monthly management reports for review by senior leadership team.
  • Analyzed variances between actual results and budgeted amounts to determine root cause and corrective action plans.
  • Performed detailed analysis of current expenses versus prior year spending trends to identify opportunities for cost reduction initiatives.
  • Developed long-term strategies for improving overall financial performance across the company.
  • Assisted in preparing presentations for board meetings regarding financial performance indicators.
  • Facilitated the annual audit process by providing requested documentation in a timely manner to external auditors.
  • Reconciled bank accounts on a monthly basis with external auditors.
  • Conducted research into new accounting standards or reporting requirements as needed.
  • Prepared and analyzed financial statements to identify potential areas of cost savings.
  • Provided training for staff members on proper use of accounting software programs.
  • Coordinated with overseas finance team and analyzed and submitted consolidated forecasts to help management understand current positions and trends, both financial and operational.
  • Delivered educational sessions across plant and prepared online learning aids on tools and processes, cost drivers, internal controls and financial performance measurements.
  • Managed accounting and management records by outlining improvement areas, advised on cost savings and confirmed that internal controls safeguarded company's assets.
  • Partnered with plant operations to meet business goals, analyzed financial metrics, reported fiduciary insights and represented finance department on cross-functional leadership team.
  • Reconciled portfolio transactions, prepared financial reports, supervised bookkeeping and maintained audit-ready status of internal controls.
  • Approved and qualified applications for financing, closed sales contracts and cross-sold insurance products while complying with state laws.
  • Evaluated and managed financial risks, implementing strategies to mitigate adverse impacts on the organization.
  • Coordinated with external auditors to facilitate annual audits and improve financial processes.
  • Analyzed competitive landscape and financial metrics to support strategic planning and market positioning.
  • Provided strategic financial advice to senior management and board members.
  • Monitored financial markets and trends to inform investment strategies and risk management.
  • Prepared and analyzed financial statements to inform executive decision-making.
  • Coordinated cross-functional teams to drive efficiency and effectiveness in financial operations.
  • Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
  • Enhanced financial systems and processes through the implementation of technology solutions.
  • Made estimates of funds required for short and long-term financial objectives of organization.
  • Developed financial models to support valuation, planning, and forecasting activities.
  • Developed and implemented financial strategies to drive company growth and increase profitability.
  • Implemented cost-reduction strategies to optimize spending and increase efficiency.
  • Managed relationships with investors, providing updates and addressing inquiries to maintain confidence.
  • Led financial reporting processes, ensuring compliance with accounting standards and regulations.
  • Created financial management mechanisms to minimize financial risk to business.
  • Built financial models to allocate resources, forecast cash and investment needs and make capital budgeting decisions.
  • Developed invoicing systems and internal controls to boost billing efficiencies.
  • Used hedging to mitigate financial risks related to interest rates on company's borrowings.
  • Coordinated approval or rejection of lines of credit or commercial, real estate or personal loans.
  • Created and updated financial reports on frequent basis to present information to leadership teams.
  • Analyzed actual financial results to budget, preparing variance reporting to functional groups.
  • Coordinated preparation of external audit materials and external financial reporting.
  • Managed relationships with tax authorities, bankers and auditors.

Education

CHARTERED ACCOUNTANT -

ICAI
05-2012

B.COM. -

AMARAVATI UNIVERSITY
01.2006

Skills

  • Financial reporting and analysis
  • Technology proficiency
  • Business acumen
  • Problem solving
  • Negotiation and influence
  • Industry expertise
  • Management communication

References

  • Reference Name, 9922-431-255, vishal.rathod@thepalladiumgroup.com, Finance Associate
  • Reference Name, 9930-288-332, Neha.Zutshi@thepalladiumgroup.com, Human Resource

Training

  • Advanced Excel
  • ERP- SAP, ORACLE
  • Management Training

Languages

  • English
  • Hindi
  • Marathi
  • Gujarathi

Personal Information

  • Pune
  • Mumbai
  • Passport Number: Z7181544
  • Title: Chartered Accountant
  • Date of Birth: 12/08/84
  • Nationality: Indian

Timeline

FINANCE CONTROLLER

PALLADIUM CONSULTING INDIA PRIVATE LIMITED
01.2020 - Current

GENERAL MANAGER FINANCE

SAKAL MEDIA PRIVATE LIMITED
01.2019 - 01.2020

SENIOR FINANCE MANAGER

OXFORD GROUP
01.2017 - 01.2019

FINANCE MANAGER

KINETIC ENGINEERING LIMITED
01.2015 - 01.2017

ASSISTANT FINANCE MANAGER

TRENT LIMITED
01.2011 - 01.2015

CHARTERED ACCOUNTANT -

ICAI

B.COM. -

AMARAVATI UNIVERSITY
Vaibhav Parekh