CA JEET SACHDEV
E-Mail: cajeetsachdev@gmail.com
Mobile:+973 35142811 (Bahrain)
LinkedIn: https://www.linkedin.com/in/jeet-sachdev/
ACCOUNTING |AUDITING |ASSURANCE
PROFILE SUMMARY
• Achievement driven and high-performance professional with over 11 years of experience in successfully delivering Accounting, Auditing and Assurance engagements
ACHIEVEMENTS
• Helped one of the clients, who remained financially sick, to devise solutions to manage cash by divesting its non-core assets and preparing cost sheet for all projects to assess impact on bottom-line and pricing analysis
• Awarded with the “Certificate of Recognition” by KPMG Bahrain for excellence in performance
CORE COMPETENCIES
? IFRS/GAAP
? MIS/Financial reporting
? Financial statement
? Key Process Indicator (KPI)
? Cash flow management
? Bookkeeping ? Project management
? Ratio/Financial analysis
? Budgeting & Forecasting
? Consolidation of Financials
? Team Leadership
? Policy & Process improvement ? External Audit
? Taxation
? Client Relations
? Cross Functional Coordination
? ERP/System Implementation
? Account Reconciliation
WORK EXPERIENCE
Since Feb 2016 KPMG, Bahrain
Growth Path
Since Oct 2021 as Deputy Manager
Oct 2017 - Sept 2021 as Assistant Manager
Feb 2016 - Sept 2017 as Associate
Key Result Areas:
• Helping businesses to lead finance operations and other activities as below:
o Preparing and analyzing cash flow statements on a weekly/monthly basis to ensure optimal working capital utilization
o Presenting monthly/quarterly/annual management accounts in accordance with IFRS, as well as variance/ratio analysis, in collaboration with management to achieve bottom-line targets
o Review and submit monthly/quarterly VAT returns to comply with Bahrain VAT regulations
o Identify opportunities for enhancement and cost savings & support cost saving initiatives (review to provide transparency and accountability)
o Reduce aged receivables by timely collection
o Perform balance sheet and profit & loss account reconciliation monthly to provide correct financials
o Contributed to the successful internal and external audits by providing accurate documentation
o Develop financial models and other analytical tools to help address commercial needs, including budgeting, forecasting, performance tracking and results analysis
o Collaborate with teams of multiple verticals for project status review and procurement analysis
• Discuss with the promoters of the company and educate them on key process indicators to improve the financial strength and lead the organization into success
• As an expert finance professional, having guided and supported multiple clients from the initial phase of start up by highlighting and preventing cash flow management issues, improvements in processes to expand their value generation
• Performed 30+ audit engagements from planning, coordination of fieldwork, report preparation and presentation for multiple industries
• Prepared Draft close reports, reports to management on control findings, summarized audit observations
• Successfully led a portfolio of 50-60 accounting clients and a team of 10-11 assurance staff
• As a team leader, played an active role in team management, resource allocation, managing quality and client expectations through review of team's work
• Facilitated multiple clients to prepare a consolidated financial statement for numerous groups of companies in accordance with IFRS and local law requirements, including one group company having subsidiaries in the EMEA and India regions with a total revenue of USD 900 million
• Assisted more than 70 clients on understanding and implementing technical aspects of newly introduced IFRS accounting standards such as IFRS 9, 15 and 16
• Supported clients on a variety of assurance engagements, including GAP analysis and improving policies and procedures to surge their value generation, VAT related assistance, including analyzing the impact of VAT on cash flows to improve business processes, and business valuation
• Conducted feasibility studies and business valuation for business expansion
• Played a key role as a functional consultant between client and vendor to implement ERP systems (SAP, Oracle, Epicore, ERP Next), including the implementation of Oracle software for one of the leading Banks in Bahrain, resulting in seamless connectivity between all functions of the bank and instantaneous generation of relevant reports
Jun 2013 – Nov 2015 Manubhai & Shah (Professional Audit Firm – India) as Senior Accountant
Key Result Areas:
• Evaluated processes on the accounts drafted by team members and prepared final financial statements with tax returns for multiple Australian clients
• Assessed accounts and steered detailed ledger scrutiny, reviewed trial balance and raised issues with Australian clients
• Consolidation and preparation of accounts, balance sheets, profit and loss statements, and reconciliation statements leading to finalization of accounts in accordance with IFRS and Australian legal requirement
• Organized all reports related to cash flows and financial projections
• Scrutinized and reconciled Goods and Service tax with the preparation of tax returns as per the law of Australia
Mar 2010 – Mar 2013 A. D. Karia & Co. (Professional Audit Firm – India) as Article Assistant
Highlights:
• Conducted numerous tax audits and financial statement reconciliations to identify GAPs in financials and ensure compliance with legal law requirements
• Formulated audit report with taking into consideration legal provisions, accounting, and auditing standards
• Assessed all entities, tested samples for key controls, prepared reports for findings, variance analyses and recommendations to the management
• Evaluated all standard operating procedures of the excise audit, service tax audit, and annual return filing as per income tax
• Streamlined accounting from entry to finalization of accounts to close the audit successfully
EDUCATION
• Chartered Accountant (CA), Institute of Chartered Accountants of India, 2012
• Bachelor of Commerce, Gujarat University, 2010
IT SKILLS
• MS Office, Tally ERP, Quick book, Peachtree, MYOB, Xero, Oracle, Microsoft Navision, Epicor & SAP B1, KPMG Audit software – Idea and E-audit
PERSONAL DETAILS
Languages Proficiency : English, Hindi and Gujarati