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Sudipta Tapaswi

Candidate ID: 123436

Career Summary

Professionally qualified Management Accountant with 19+ years of diverse industry experience and have served across industries in India and Abroad – as Head of Finance / CFO Level having experties in Corporate Finance & Reporting, Tax - VAT, GST, Risk Assessment & SOP; Treasury & Fund Raising, FP&A.

Skill Set

Finance & Accounts

Professional Information

Total Experience : 19

Nationality : India

Qualification Level : CA / CS / CFA / Other Professional Degrees

Job Function : Accounts / Tax / CS / Audit / Finance

Work Location Preference : Kuwait, Bahrain, Oman, Saudi Arabia, Qatar, UAE

Detailed Profile

SUDIPTA TAPASWI
A result-oriented professional with over 19 years of rich domestic & global & experience in Strategic Planning, Corporate Finance, Finance Management, Project Management, SOX & Internal Controls
Sector exposure entails across FMCG, Retail, Consumer Products, Manufacturing, Hospitality (Food & Beverage) Identified, evaluated, and provided recommendations on internal control issues and departures from operating procedures and standards to mitigate risks & improve efficiency; hands-on financial reporting experience in IFRS, Ind AS, US GAAP Worked closely with the Board & Top Management in devising a financial strategy that supported company’s business strategy Rich experience in facilitating control testing process in the areas of Financial, Operational & Compliance with proficiency in implementing financial procedures, SOP, controlling internal finance & ensuring Audits & Statutory Compliances
Strengths in determining & documenting enterprise wide Risk Management procedure & identifying key control points Interacted amicably with all levels of management & staff regarding operations, productivity, and performance gains Excellence in reviewing and enhancing all financial procedures & internal controls, automating financial information systems Exhibited tenacity and creativity in problem-solving with a proven record of innovating profitable solutions to complex business problems; capable to take charge, set objectives, and drive results that bring financial gains

Feb’00 – Feb’05
Maheshwari & Associates, Chartered Accountants as Senior Executive
Jun’05 – Nov’10
IFB Industries Ltd., IFB Group of Companies as Assistant Manager – Finance & Accounts
Apr’15 – May’16
Nov’10 – Apr’15
Reliance Retail Limited, (Part of RIL Group), Mumbai as Chief Manager – Finance & Commercial
Jul’16 – Jun’19
Kapco Banquets & Catering Pvt. Ltd., Mumbai as Chief Finance Officer
ALUMILL TECH GULF LLC, Part of Elite Group of Companies, RAS Al Khaimah, UAE as Finance Manager

Education
Adv. Diploma in Management Accounting from CIMA, United Kingdom in 2013 CMA from Institute of Cost Accountants of India in 2002
Master of Commerce from University of Calcutta, India in 1998
Bachelor of Commerce from University of Calcutta, India in 1995
CA Final – Group I from Institute of Chartered Accountants of India in 2005
Core Competencies
Strategic & Financial Planning/ Executive Leadership & Supervision
Project Management/ Fund Raising (through Bank and PE)
Financial & Operational Integration Creditor/ Debtor Management
Career Timeline
Corporate Accounting (US GAAP, IFRS)
Business Process Re-engineering/ Business Restructuring
Tax Management/ Legal & Fiscal Compliance
Working Capital Management/ Bank Negotiations & Relations
SOX and Internal Controls
Financial Advisory/ MIS/ Financial Reporting
Investment Analysis & Relationship Management
Global Account and Accounting Standards

Notable Accomplishments Across the Career
~ KAPCO & Alumill (2015 – 19):
Engaged in:
o Executed Risk Assessment Process
o Zero Based Budgeting
o Accounting and MIS
Steered efforts in the automation by integrating different software systems
Achieved overall cost reduction of 7.5% by developing alternative supply options and 3% by re-modelling Supply Chain Model Directed first time adoption of IFRS
~ Reliance Retail Ltd., (2010 - 2015):
Contributed as the Commercial Lead for SAP Overhauling Project leading to multiple accounting & MIS automation in
SAP FICO/ CRM/ DSS & SAP BI
Rolled-out new SOPs to cater growing business needs with 1000+ Stores & 65 Service Franchises Introduced Insurance Cover for Service AMC Product
~ IFB Industries Ltd. (2005 – 2010):
Accomplished Sales Tax Assessment for FY 2000 – 01 to 2004 – 05. VAT & Service Tax Audit for FY 2005 – 06 to 2009 – 10 Obtained SAD Refund of INR 25 M
Reduced working capital cycle from 60 days to 35 days by Restructuring Discount Policy
Work Experience
Jul’16 – Jun’19: Kapco Banquets & Catering Pvt. Ltd., Mumbai as Chief Finance Officer
Strategized Finance & Accounting operations with exposure in terms of incorporating companies and raising funds in domestic market with an annual turnover of INR 750 M
Steered all financial transactions, reporting and policies for multiple companies and locations including:
o General Ledger account transactions and reconciliations prepared by accounting staff
o Fixed asset management and depreciation schedules
o Monthly variance reports for the service and operations departments
o Overall personal property, sales and payroll tax returns
o Annual business license reporting and renewals
o Monthly financial statements and WIP schedules
o Sales, cash flow and financial projection reports
o Budget and forecasting reports
o External audit information requirements for timely completion of audit schedules
Collaborated with the senior management team in improving and executing strategies and processes, accomplishing corporate goals and profitability for the company having an annual revenue of INR 75 Crores / US$ 11.54 Million with more than 400 employees within 4 locations
Led overall accounting operations and audit for the organization including collections, purchase, contract compliance, receivables, deposits, disbursements, payroll, fixed assets and inventory
Steered process improvement and KPIs management ensuring industrial relationship management
Created region-wise finance, pricing and analytics group by strategic recruitment and development of skilled & high performance resources, transforming the capabilities into functional excellence
Partnered with various business unit heads to provide analytical decision making support and recommending and implementing improvements to profitability and operational efficiency
Administered industry research & networking, coordinated with individual engagement teams and ensuring successful delivery of customer deliverables
Structured Annual Operational Budget and implemented control measures to contain expenses within defined limits
Led a reengineering of accounting procedures, aligned to Global Accounting Standards while responsible for group reporting tool, building up historical financial information
Maintained seamless coordination with the Lead Bankers and External Advisors & Consultants.
Key Result Areas:


Previous Experience
Apr’15 – May’16: ALUMILL TECH GULF LLC, Part of Elite Group of Companies, RAS Al Khaimah, UAE as Finance Manager
Role:
Managed entire gamut of activities of Finance & Accounting for UAE operation with an annual turnover of UAE Dirham 110 M Administered the full operation of Accounting, Corporate Finance, Commercial Support to Sales / Bidding Team
Supervised all financial transaction processes (Procure to Pay, Credit to Cash, Payroll), Monthly, Quarterly and Annual Financial Reporting, Budgeting & Budgetary Control
Spearheaded a team of 8 members and delivered the functions of Corporate Accounting, Working Capital Management, Banking & Treasury, Financial Planning & Analysis, Financial Reporting within the organization
Merit of streamlining the financial control processes in coordination with IT, by implementing automation of Budgetary Control, Park & Post with Audit Trail, creation of Fixed Assets Register (FAR) in Tally ERP system
Evaluated existing internal control system and implemented risk assessment process across the organisation
Nov’10 – Apr’15: Reliance Retail Limited, (Part of RIL Group), Mumbai as Chief Manager – Finance & Commercial
Role:
Directed Business Commercial, Accounting, Budgeting, Taxation, MIS, & IT Infrastructure Processes and requirement for Reliance Digital Format, Pan India Operations
Holds credentials in managing business worth INR 18000 M with 1300 stores 65 Franchisees Pan India, by dealing with entire Management Accounting function
Supervised all closing activities to safeguard the accuracy of expenses being booked, cost allocations, revenue recognition, pre-payments, liabilities and assets classification as per accounting standards and policies
Maintained Taxation Shared Service for timely completion of Tax Assessments - VAT, Service Tax & Income Tax
Acted as a Key Member of Business Strategy Team for starting and observing PAN India Service Network, feasibility study of prospective Franchisees, recommendation for appointments, post appointment monitoring and control leading to appointment of 53 new Service Franchisees across 14 cities of India
Jun’05 – Nov’10: IFB Industries Ltd., IFB Group of Companies as Assistant Manager – Finance & Accounts
Role:
Supported the Business Team by providing analytical support and financial insights to achieve the business goals through clear understanding of the product value chain, developing pricing strategies, ROI of Dealers / Distributors / Service Franchisees Monitored day-to-day accounting and administered other finance functions including budgeting & budgetary controls, working capital management, audits, taxation, costing & product pricing of the company
Engaged in the preparation & presentation of financial reports & financial forecasts – monthly, quarterly and annually Ensured strict compliance of statutory requirements – Taxation, Employee Compliance, Legal Compliance
Feb’00 – Feb’05: Maheshwari & Associates, Chartered Accountants as Senior Executive
Role:
Acted as Lead Auditor for Concurrent, Statutory and Surprise Inspection Audits for PSU Banks with focus on analysis and review of bank borrowers
Conducted Internal Audit of Public Limited & Government Companies
Represented in the matters of Income Tax and Sales Tax; ensured compliance with the Companies Act requirements by the client companies

SAP (FICO Module), SAP (CRM), DSS & SAP BI, MS Office (Word, Excel, PowerPoint) and Tally ERP

IT Skills
Personal Details
Date of Birth: 24th September 1974
Languages Known: English and Hindi
Address: B 303, 3rd Floor, B Wing, Shiv Bhagtani Manor, Near S. M. Shetty School Mumbai, MH 400072 Location Preference: India/ Middle East/ Singapore
Industry Preference: Open preferably FMCG/ White Goods & Retail