NAVEEN KUMAR DIGUVA SADUM

Experience

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  Amaranadha Reddy & co

  Feb 2013 - Jul 2017

  Article assistent / and Manager

  Analyzed regulations and guidelines to confirm practices adhered to GAAP by achieving 98% compliance rate Conducted statutory audits of private and public entities as well as nonprofit businessesExecuted training program for client staff to oversee accounting and bookkeeping systemsAnalyzed financial data and presented reports on financial statuses, offering valuable insights for strategic planningTax Planning I work with the clients on behalf of my audit firm to arrive at the optimal structuring of the business, transactions and systems which helps minimize total tax burdens within the boundaries of the lawIdentify process efficiencies while demonstrating strong project management skills, maintaining ethical standards, and ensuring clear communication with all stakeholdersStatutory audits Certain laws require you to get your books audited. We do all kinds of statutory audits. This includes audits of private and public companies, LLPs, partnership firms, not-for-profit entities etc.Bank audits I do branch audit of banksEnsure that the books of accounts are maintained as per the established standard practices of the organization Timely closure of all month end and quarter end activities for the divisionFinalization of Books of Accounts in compliance with the IGAAP and accounting policies of the CompanyReconciliation of Inter Company, Inter Division, Vendor and Customer account balancesEnsure Statutory Compliances by Co-ordinate, Collect and Consolidate the data (Service Tax, VAT & CST, TDS, WCT & PF) for timely payments and filing of returnsPreparation of MIS for presentation of performance of the division on periodic and need basis to the ManagementParticipate in Employee payroll, Employee taxation Certification Engagement such as Net worth certification, Share Valuation for various entitiesPreparation of Project Report and financial analysis Show less

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  Naveen Kumar D S & Co

  Jun 2018 - Jul 2022

  Advisory and Consultancy on Chartered Accountant Services

  • Managed $3m to $7m businesses; maintained profitability by forecasting and cost containment, effectively allocating staff resources, managing scope changes and billing and collecting revenue.• Incorporated new businesses and provide expert advisory on ownership structure, shares, rights issue, allotments and transfers, maintaining statutory compliances • Carried out quarterly due diligence on Large corporate borrowers holding facility of > $35M from public sector banks, to review entities operational effectiveness, efficiency and potential bankruptcy situation.• Designed and implemented accounting systems, managed financial accounting, budgeting, financial reporting, MIS Reporting• Drafted of feasibility reports and other documentation requirements for Bank/Financial Institutional, business agreements, gift deeds, trust deeds and lease agreements etc.• Collaborated with chartered accountants’ firm, to carryout statutory audits, implementation of accounting system, statutory compliances.• Performed the business valuations using traditional net assets methos, discounted cash flow(DCF) model as part of private placement offer to determine FMV and potential investment returns. Show less

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  Pirgal Consulting

  Jul 2021 - Jun 2022

  Chartered Accountant - Senior manager

  • Reviewed adherence to regulatory guidelines, identified and addressed compliance gaps increase compliance• Created detailed project reports, MIS reports and financial analytics resulting in 20% improvement in data accuracy and 40% reduction in reporting time• Effectively coordinated internal staff and external due diligence team to secure $30 million investment in NCD• Facilitated fundraising audit process and Executed compliance procedures with 100% accuracy• Create meaningful data analysis and reporting, identifying trends and insights from the data• Working with the CFO to prepare annual budgets and forecasts across the different business of group• Supervised, trained, coach and oversee day-to-day responsibilities of concurrent teams of 5-20 staff. Show less

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  Braj Aggarwal, CPA, P.C.

  Jun 2023 - May 2024

  Accounting and tax Associate

  • Manage employee payroll, monthly closings, Applied GAAP to compile Balance sheet and Profit and loss • Administered bookkeeping, Track variances budget vs Actuals, and financial services for diverse business clients• Involved Tax Planning and advisory, Compliances and responds to Federal and state IRS inquiries & notices. • Proficient in Prepare and filing of IRS returns including 1040, 1065, 1120 and 1120S and state Sales tax returns • Furnish reports and financial summaries by achieving 40% reduction in cycle time by designing Excel templates• Build, iterate, & automate financial reports, metrics, and scorecards to support short and long-term planning• Identified critical audit issues and discrepancies in financial statements with detailed analytical trend analysis• Monitored sales trends to forecast future revenue, and enhances profit margin by 15% through strategic adjustments • Foster strong client relationships by achieving 95% satisfaction rate client surveys through effective communication and streamlined onboarding processes, resulting in 30% increase in client retentions Show less

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  Abatek

  Sept 2024 - now

  Assistant Chief Accountant

  • Oversee and control the finance operations of Abatek Americas Inc. • Supervise the accounting team and ensure adherence to financial controls and procedures. • Approve month-end journal entries and reconcile accounts to ensure accurate financial reporting. • Prepare financial statements using Microsoft Dynamics Navision and Cognos. • Conduct account reconciliations and compile financial schedules for quarter-end and year-end. • Monitor accounts receivable aging, inventory, and overall cost management related to sales. • Manage external audit engagements and oversee periodic internal audits. • Supervise the preparation of annual tax returns and maintain banking relationships. • Process bi-weekly payroll, calculate bonuses, and administer the company’s credit card program. • Develop monthly income statement forecasts and prepare the annual budget. • Coordinate annual business insurance renewal and administer employee benefits, including 401(k) and health insurance plans. • Maintain a documented system of accounting policies and procedures to enhance financial transparency. • Drive key performance indicator (KPI) tracking and cost of quality analysis to optimize financial performance. Show less