Vishal Somani
Chartered Accountant and Company Secretary
Mumbai
Summary
Results-driven Chartered Accountant and Company Secretary with 11+ years of progressive experience in finance, accounting, taxation, and financial control. Adept at financial statement finalization, compliance, audit management, budgeting, and strategic financial planning.
Seeking a Financial Controller role in a dynamic organization to leverage expertise in financial governance, process optimization, and business growth
Overview
18
18
years of professional experience
2014
2014
years of post-secondary education
Work History
VP-Finance & Accounts
Vayana (IFSC) Private Limited
08.2022 - Current
- Preparation of Financial Statement, Statement of Profit & Loss account, and Cash Flow
- Financial Reporting: Finalize books of accounts for foreign & Indian subsidiaries, ensuring compliance with IFRS/IGaap.
- Statutory Compliance: Lead direct & indirect tax filings (GST, Income Tax, Equalization Levy), ensuring timely adherence.
- Audit & Controls: Spearhead statutory, tax, and internal audits, resolving queries and implementing corrective actions.
- Treasury & Banking: Manage global banking operations, foreign remittances, ODI and cash flow forecasting.
- MIS & Budgeting: Prepare monthly MIS, fund reports, and budget vs. actual analysis for strategic decision-making.
- Regulatory Compliance: Oversee SEZ, IFSCA, and transfer pricing documentation.
Manager- Finance & Accounts
Xfinite Technologies Private Limited
10.2019 - 08.2022
- Group Consolidation: Assisted in consolidating financials for Xfinite Group (Malta entity), ensuring accuracy.
- Intercompany Reconciliation: Streamlined intercompany transactions and balance sheet reconciliations.
- Expense Analysis: Monitored company-wide expenses, optimizing cost efficiency.
- Global Remittances: Managed foreign inward/outward payments and banking operations.
- Companies setup in UAE, Singapore and BVI and Managing the compliance of the Overseas entities
- Streamlined vendor payment processes, improving relationships while reducing processing time and errors.
Assistant General Manager-Finance & Accounts
Rao Edusolutions Private Limited
08.2014 - 09.2019
- Financial Statements: Finalized P&L, balance sheets, and variance reports.
- Tax Liaison: Handled income tax, TDS assessments, and service tax compliance.
- Fundraising: Prepared CMA data and business plans for securing term loans.
- Finding the bottlenecks in the system, and escalating it to management with suitable solutions
- Managing and guiding branches for various matters related to billing and pricing
- Liaisoning with Income tax, TDS, and service tax department for notices, assessments and providing the required details
- Monthly employee payroll processing & adherence to statutory compliance
Audit Manager
SC Kabra & Co, CA Firm
02.2013 - 07.2014
- Company Overview: Mumbai
- Led statutory, tax, and internal audits for diverse clients (Pvt. Ltd. companies, partnerships).
- Managed VAT, GST, and professional tax filings.
- Mumbai
Intern
M/s Shah & Garg, Chartered Accountant
07.2007 - 01.2011
- Company Overview: Ajmer- Rajasthan
- Stock & Internal Audit
- Finalization of Balance Sheet
- Return Preparation and furnishing of Income Tax, VAT & TDS
- Ajmer- Rajasthan
Education
Chartered Accountant -
ICAI
Company Secretary - undefined
ICSI
B.Com - First Division
MDS University
Ajmer, RajasthanSkills
Financial Reporting & Analysis
Accomplishments
- Awarded 'Best Employee of the Year' at Rao Edusolutions for identifying systemic loopholes and proposing solutions.
- Successfully managed audits and compliance for multinational subsidiaries, reducing regulatory risks.
- Optimized cash flow by implementing robust treasury practices across Indian and global entities.
Location
Flat F-103, Sunflower CHS, Thakur Village, Mumbai, Maharashtra, 400101
Disclaimer
I confirm the accuracy of the information provided herein.
Vishal Somani
Timeline
VP-Finance & Accounts
Vayana (IFSC) Private Limited
08.2022 - Current
Manager- Finance & Accounts
Xfinite Technologies Private Limited
10.2019 - 08.2022
Assistant General Manager-Finance & Accounts
Rao Edusolutions Private Limited
08.2014 - 09.2019
Audit Manager
SC Kabra & Co, CA Firm
02.2013 - 07.2014
Intern
M/s Shah & Garg, Chartered Accountant
07.2007 - 01.2011
Company Secretary - undefined
ICSI
B.Com - First Division
MDS University
Chartered Accountant -
ICAI
Similar Profiles
SAGAR GOYALSAGAR GOYAL
Accountant at Private LimitedAccountant at Private Limited
Akash PrabhuAkash Prabhu
Compliance Officer (In-charge) at Kotak Mahindra Bank Limited, IFSC Banking UnitCompliance Officer (In-charge) at Kotak Mahindra Bank Limited, IFSC Banking Unit
DHRUVIN DOSHIDHRUVIN DOSHI
Sr.Vice President of Business Development at Vayana TradeXchange (Subsidiary of Vayana Network)Sr.Vice President of Business Development at Vayana TradeXchange (Subsidiary of Vayana Network)
Ishaan KumarIshaan Kumar
Senior Cloud Engineer at BounteousSenior Cloud Engineer at Bounteous
Antara GuhaAntara Guha
Senior Product Manager at JP Morgan ChaseSenior Product Manager at JP Morgan Chase