CA Parshant Jagani

Experience

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  Baheti Bhadada & Associates

  Oct 2013 - May 2016

  Tax consultant & Audit expert

  During my tenure as an Article Assistant at a Chartered Accountant firm, I engaged in a diverse array of responsibilities spanning audits, taxation assignments, ROC compliance, project finance, and consultancy services. Within the realm of finance and accounts, I navigated various facets of accounting, tackling related challenges and complexities with adeptness. This included the meticulous finalization of financial statements such as the Balance Sheet, Profit and Loss Account, and Cash Flow Statement, supplemented by annexures as required. In the sphere of taxation, I undertook the preparation of Income Tax Returns for both corporate and non-corporate assesses, offering advisory services on matters pertaining to Direct and Indirect Taxation. Additionally, I prepared computations of service tax liability, facilitated CENVAT refunds, and meticulously verified compliance with VAT, Excise, and Service tax laws. Leveraging my expertise, I also prepared appeals to Commissioner Appeals and Tribunals, navigating complex tax landscapes with proficiency. I led and concluded statutory and tax audits for various entities ranging from sole proprietorships to partnerships and companies across diverse sectors such as service, trading, and manufacturing. Additionally, I facilitated compliance with various statutory rules and regulations including Professional Tax, VAT, and TDS, ensuring regulatory adherence and mitigating legal risks.Throughout my tenure, I was entrusted with major assignments of considerable significance. Noteworthy among these was my role as the leader of the Concurrent Audit Team for the Reserve Bank of India, where I provided leadership and oversight to ensure the integrity and effectiveness of audit processes. Additionally, I handled the statutory audit of Circuit Systems (India) Ltd., overseeing critical audit procedures and ensuring compliance with regulatory requirements. Show less

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  Suzlon Energy Limited, Pune

  Jan 2017 - Dec 2017

  Assistant Manager

  In my role, I was deeply involved in the financial management and strategic planning of the organization, ensuring the development and execution of robust financial strategies. This encompasses a diverse range of responsibilities, beginning with the preparation of the annual budget and conducting monthly budget vs. actual variance analysis. Furthermore, I oversee and manage the continued development of budgeting and financial forecasting processes, along with operating plans and modeling tools related to cost management analysis, working capital, and cash flow. Regularly, I prepare quarterly and monthly financial reports, meticulously analyzing current and past trends in key performance indicators across all areas of revenue, cost of sales, expenses, and capital expenditure. Additionally, I am responsible for cash flow forecasting, fund allocation, and liquidity reports based on different business plans, ensuring optimal financial resource utilization and allocation. Moreover, I prepare fund flow statements, involving intricate calculations of Internal Rate of Return (IRR), Net Present Value (NPV), and various ratios pertinent to project funding.Presentations on business review, budget analysis, accounts receivables, and other financial aspects are prepared and delivered to the Board of Directors and Senior Team Management, providing critical insights into organizational performance and financial health. Furthermore, I conduct inventory analysis, tracking inventory movements, and reporting on non-moving and obsolete inventory for cleanup and inventory management. Leveraging my exposure to SAP FICO, I contribute to efficient financial management and reporting processes. I liaise with auditors from Deloitte, Ernst & Young, KPMG, and Price Waterhouse Coopers regarding statutory audits, internal audits, project audits, and Internal Control over Financial Reporting (ICFR) compliance, ensuring adherence to regulatory standards and best practices. Show less

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  Ecotrail Personal Care Private Limited (IBA Halal Care)

  Jan 2018 - Dec 2019

  Head of Finance and Accounting

  In my role, I undertake a comprehensive array of financial responsibilities to ensure the smooth functioning and success of the organization. This encompasses preparing the annual budget and conducting monthly budget vs. actual variance analysis, coupled with root cause analysis to discern underlying issues and develop mitigation/prevention plans. Overseeing and managing working capital and cash flow are paramount, along with the continual development of budgeting and financial forecasting strategies to align with organizational goals. Regularly, I compile and present various monthly and quarterly reports to Directors, SVP & VP, CFO and the Chief Operating Officer (COO), analyzing current and past trends across key performance indicators such as revenue, cost of sales, expenses, and capital expenditure to inform strategic decision-making.Integral to my role I am responsible for preparing fund flow statements for new project funding and various ratios relating to project funding. Presentations on business review, business planning, fund utilization, and financial analysis are prepared and delivered to the Board of Directors and COO to provide insights into organizational performance and strategies for growth.Furthermore, I am tasked with preparing Management Information System (MIS) reports as required by the Directors, COO, and investors, including GVFL & Addvantis Enterprises LLP, to provide timely and accurate information for decision-making purposes. Conducting inventory analysis and reporting on non-moving and obsolete inventory are also part of my responsibilities. I liaise with Statutory Auditors (BSR & Associates LLP - KPMG), Internal Auditors and the Company Secretary regarding audit-related work and compliance with the Ministry of Corporate Affairs (MCA).Coordination with auditors for book closure, debtors/vendors provisioning, and reconciliation of receivables and payables are routine tasks to ensure financial accuracy and compliance. Show less

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  ORACLE FINANCIAL SERVICES SOFTWARE LIMITED

  Dec 2019 - now

  Enterprise Resources Planning Consultant

  Leading end-to-end ERP implementations, I draft precise functional specification documents to steer technical advancements, ensuring alignment with client objectives. By conducting KUT & UAT sessions, I facilitate seamless testing and validation processes, resulting in accelerated project timelines and heightened system reliability. Empowering business users through comprehensive training sessions and meticulously prepared documentation, I drive increased system proficiency and user satisfaction. Aligning user responsibilities with job profiles, I streamline processes and enhance efficiency within the organization. Conducting KUT Sessions to freeze client requirements, I foster clarity and consensus among stakeholders, ensuring solutions meet business needs. Successfully completing configuration across various instances including Test, Development, and Production.Playing a key role in requirement gathering sessions, I forecast and understand client business scenarios to deliver tailored solutions. Leading customization and integration processes, I bridge gaps between client requirements and ERP functionalities, resulting in seamless system integration. Preparing comprehensive project documentation, I facilitate efficient project management and knowledge transfer. Contributing to project implementations and improvement projects, I enhance system usage and support operational business implementations. Identifying and addressing gaps between requirements and ERP functionalities, I define and implement workable solutions to drive project success. I ensure alignment with project objectives and client needs. Successfully managing project closure, I ensure timely completion and deliver successful outcomes.Facilitating coordination between various project teams, I ensure seamless communication and collaboration throughout the project lifecycle. Preparing daily and weekly status reports, I provide transparency and insight into project progress and performance. Show less