Varchasv Yagnik
Mumbai
Summary
Resourceful Financial Manager adept at supporting high growth technology and service organizations. Skilled in aligning people, processes and technology to achieve continuous improvement in operational processes. Well-versed in providing analytics with insight and influencing decisions that support growth and development.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Manager of Financial Planning and Analysis
Games 24x7 Private Limited Mumbai
Mumbai
04.2021 - Current
- Led financial planning and analysis by managing key metrics, analyzing data and providing support and insight for strategic planning.
- Established budgetary benchmarks and formulated financial management strategies by researching operating and historical financial records.
- Drove analytics and data consistency with expanded reporting, analysis, and revenue forecasting support.
- Researched and drove the integration of Datarails software to increase theefficiency of accounting systems.
- Managed high volumes of financial activity in fast-paced, risk-based corporate environment.
- Collaborated with Finance and accounts team, and created and implemented effective accounting systems, best practices, and policies.
- Identified and investigated variances to financial plans and forecasts.
- Developed reporting for monthly executive financial reviews.
- Managed strategic partnership initiatives to drive measurable outcomes and deeper relationships with cross-functional teams.
- Liaised with budget holders to evaluate financial performance and offer financial management data, analysis and advice.
- Analyzed financial position, investigated and reported budgetary variances and identified adjustments to facilitate month and year-end processes.
Manager Finance, Accounts & Control
Games 24x7 Private Limited
04.2020 - 04.2021
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Key contributor to fundraising exercise for company by assisting in due diligence.
- Checked payroll, vendor payments, commissions, and other accounting disbursements for accuracy and compliance.
- Identified improvement changes regarding key processes for internal controls and accounting procedures.
- Review of accounts to ensure they are in compliance with Indian GAAP and Companies Act Periodical review of accounts payable, receivable, loans & advances, and deposits.
Assistant Manager Finance, Accounts & Control
Games24x7 Private Limted
09.2016 - 03.2020
- Played Active role in the reconciliation of the Player Accounting software with the accounting books through development of various reports.
- Preparation of daily Fund statement and make recommendations for investment of funds.
- Involved in the transition from Tally ERP to SAP Business One.
- Accounting of Fixed Assets, tracking movement of Fixed Assets, Depreciation accounting.
- Prepare Analytical Reports/MIS for Management Action.
- Goods and Service Tax(GST)- Accounting of GST Credit and Maintenance of register for GST credit availed and utilized for Head office and branches-Filling of GST returns.
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
- Coordinated with Payment Gateway partners for ate negotiations and systems development.
- Performed strategic planning, execution and finalization of audits.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
Senior Executive
CMA CGM Shared Service Centre India Private Limited
Mumbai
05.2016 - 09.2016
- Proved successful working within tight deadlines and fast-paced atmosphere.
- Performing accurate provisioning on YTD basis, trial balance analysis, cost analysis, fixed asset accounting, accounting control, overhead monitoring, analysis and allocation of cost to other business units based on inputs received from them
- Review of Cost & Revenue and finalizing monthly P&L after posting the required adjustment entries like accruals, prepayments, capitalizations, rectifications & reclassification.
- Highlighting & analyzing the variances vis-a-vis the budget and suggesting measure to correct the same.
Article Assistant
Jain Kasliwal & Associates, Radikal Foods Limited
Mumbai
11.2012 - 10.2015
- Handled critical areas like Fixed Assets, Investments, Borrowings, Expenses, bank Reconcilliation Statements, Other Assets and Liabilities, Payrolls, verification of Notes to Accounts, Loand and Advances, Non-Performing Assets(NPA's).
- Stellar Films Private Limited - Audited subsidiary of India's first SEBI registered venture capital fund focused on film and entertainment sector.
- Designed Standard Operating Procedures(SOP's) for the distribution of bollywood movies.
- Assisted the Client in implementation and improvement of movie distribution software “Showbizz”.Worked for the revenue distribution audit for the movies Dabangg-2, Krrish-3, Yamla Pagla Deewana-2.
- Periodical MIS reporting.
- Preparation of overall analytical Review Statement relating to detailed analysis and explanation for movement in various heads of financial statements.
Education
Diploma - Information Systems Audit
The Institute of Chartered Accountants of India
Mumbai12.2018
Chartered Accountancy -
The Institute of Chartered Accountants of India
New Delhi11.2015
B.Com -
University of Kota
Kota2014
Higher Secondary -
CBSE (Modern Senior Secondary School)
Kota2011
CBSE (Modern Senior Secondary School)
Kota2009
Skills
- Advanced financial analysis
- Quantitative and qualitative analysis
- Budgeting and financial management
- Due diligence
- General accounting and GAAP compliance
- Financial reporting and analysis
Certification
Forex and Treasury management
Timeline
Manager of Financial Planning and Analysis
Games 24x7 Private Limited Mumbai
04.2021 - Current
Manager Finance, Accounts & Control
Games 24x7 Private Limited
04.2020 - 04.2021
Assistant Manager Finance, Accounts & Control
Games24x7 Private Limted
09.2016 - 03.2020
Senior Executive
CMA CGM Shared Service Centre India Private Limited
05.2016 - 09.2016
Article Assistant
Jain Kasliwal & Associates, Radikal Foods Limited
11.2012 - 10.2015
Diploma - Information Systems Audit
The Institute of Chartered Accountants of India
Chartered Accountancy -
The Institute of Chartered Accountants of India
B.Com -
University of Kota
Higher Secondary -
CBSE (Modern Senior Secondary School)
CBSE (Modern Senior Secondary School)
Forex and Treasury management
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