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Sachinn Sangani

Candidate ID: 1786581

Career Summary

CA with 15+ years of experience in Accounts / Tax / CS / Audit / Finance, turnaround professional looking for new challenges.

Skill Set

Finance and accounts, tax, merger, acquisition, de merger

Professional Information

Total Experience : 19

Nationality : India

Qualification Level : CA / CS / CFA / All Professional Finance Degrees

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

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

Detailed Profile

Profile Summary

A Chartered Accountant with over 15 years of professional experience in managing Accounting, Compliance, Finalization of Financial Statements, Financial Modeling, Statutory Audits, MIS reporting and Taxation (Direct & Indirect) including receivables & payables management, ledger books, statutory books of accounts, bank reconciliation statements and finalization of accounts
Comprehensive knowledge of managing end-to-end execution of advisory tasks across diverse sectors
Excellence in developing Financial Accounting strategies in coordination with top management, managing budgets, implementing company procedures and practices & collaborating with auditors
Track record of managing direct Tax matters including Income Tax & TDS returns along with computation of total income; single-handedly claimed the refund
Significant knowledge of providing insight on Precious Metals market, products, liquidity and counterparty credit risk metrics and ways to manage and hedge these risks in the market
Conversant in using Excel, Bloomberg, Reuters and knowledge of electronic dealing platforms such as Reuters FX
Exposure of maintaining steady cash flow & working capital; working closely with the Board & top management in devising a financial strategy for supporting the company’s business strategy
Successfully reviewed and enhanced all financial procedures and internal controls, automated financial information systems and prepared financial forecasts with coordinated budget projections; educated and directed department managers in meeting budget and other financial goals
Directing financial analysis; internal and regulatory reporting; accounting operations; budgeting; forecasting that led to long-term improvements in cost savings, profitability and productivity
Created an International Financial Reporting structure and controls system; directed the implementation of best practices in the acquisition due diligence, modeling, integration and accounting processes
Successfully developed & implemented financial / operational controls for planning, control, reporting & review processes through appropriate MIS for optimizing the use of resources & thereby improving P&L scenarios
Career Timeline

Core Competencies



AMFI- Advisory Module, 2008
C.A., ICAI, 2005
B. Com., Mumbai University, 2000

Technical Skills

Orion ERP Software
Presto (Accounting Software of DB); Audit Software 2 (Audit Software of Deloitte) and SAP (ERP) (FI & MM Module)
MS Office, Tally and Internet Applications
PowerPoint & Excel including advance features such as creation of Pivot Table, V Look up, data Sorting, Filter, Hyperlink, Inserting Object & Animation Effects
Professional Experience
Jul’19 – Jul’20 with Gold Standard DMCC,Dubai as Finance Manager & Precious Metal Trader
Recruited as Finance Head for a group with a turnover of about USD 10 Billion;managing Finance & Dealing activities.
Key Result Areas:
Steering preparation & Review of:
o Daily, Monthly, Periodical and yearly P&L, Cash Flow, MIS & related activities.
o Daily Market report giving customers an insight on economic events for the day and day before with market commentary
Executing customer trades, managing execution / processing of order fills and monitoring customer orders
Facilitating profitable and efficient Precious Metals trading and execution for the company and their customers considering high levels of service and conduct at all times
Reconciling trades at the end of dealing shift along with a reconciliation of orders with customers on a weekly basis at Monday Morning Shift meeting
Communicating corrections to appropriate personnel
Ensuring recording and maintenance of COMEX closing prices
Managing dealing activity, any resulting trading positions and the confirmation (reconciliation) of all daily dealing activity
Assisting with cross training of members of the team in precious metals trading
Fostering regular updates to client on Telegram channel/WhatsApp group about economic events and any news which may have impact on Precious Metals
Ensuring disbursement of day end FX report to clients depicting the movement at particular time with comparison for day, week and monthly prices to evaluate movement in price

Aug’17 – Jun’19 with Aurionpro Solutions Limited, Mumbai as Chief Financial Officer
Jan’13 – Jul’17 with 3i Infotech Ltd., Mumbai
Growth Path:
Jan’13-Jun’13 Assistant Vice President, Dubai
Jun’13-Sep’14 Deputy Vice President, Dubai
Since Sep’14 Deputy Vice President, India

May’09 – Sep’12 with Bahrain Specialist Hospital, Bahrain (Joint Commission International, U.S.A Accredited) as Finance & Accounts Manager

Mar’07-May’09 with ICICI Bank, Mumbai /India & Port Louis / Mauritius as Assistant Manager
Key Result Areas:
Collaborating with MD to strengthen key areas& target financial growth and leading the Accounts Team for achieving & exceeding targets
Monitoring account performance, costing & preparation of tenders, creating financial growth plans and maximizing performance of Financial Team
Creating management reports & presenting key data to Senior Managers and suggesting necessary reactions to detailed forecasts
Attending monthly sector leadership& business review meetings; keeping close control & monitoring of all profitability, cash flow parameters and highlighting/taking corrective actions as required
Directing financial analysis, internal and regulatory reporting, accounting operations, budgeting & forecasting that led to long-term improvements in cost savings, profitability and productivity
Planning & executing corporate strategy in best interest based on current and expected business, economic and regulatory environment related to company takeover to control operational cost
Executing the finalization of quarterly and annual accounts of the unit & company, analyzing existing accounting procedures and restructuring them in order to attain optimum efficiency levels
Establishing consistent and appropriate business practices, enhancing controls for credit risks, and building staff/supplier morale at a time of financial distress; instituting controls, teamwork throughout the entity
Devising innovative means to fund financial needs of the organization at difficult times
Restoring the financial health of the company through the following initiatives:
o Enabling control of all receivables, payable and assets (tangible and intangible)
o Establishing a working relationship with bankers, suppliers and workers; negotiating settlements and restructuring financial liabilities with bankers, suppliers, statutory agencies
o Preparation of statutory books of Accounts, Bank Reconciliation, Party Reconciliation and Consolidating Reports in compliance with time & accuracy norms
o Fund flows for optimum utilization of available funds and interacting with banks
o Cash flows and ensuring that funds are arranged in the most cost-effective manner after projection of accurate cash forecast ensuring that there is no shortage of cash in hand
Spearheading the design and overhaul of the Cost Accounting System; attributing costs to customer and channels and effectively improving margins
Defining and formulating annual budgets and scheduling expenditures; conducting variance analysis to determine difference between projecting figures & actual expenditure and implementing corrective actions
Monitoring variety of tasks such as:
o Financial Modeling & Analysis for each SBUs
o Facilitating liaison between the Internal Auditor and Statutory Auditors for completion of audit assignments and for managing the audit cycle; engaging in resolving the queries
o Monitoring & reviewing quarterly accounts for BSE and NSE filings (Stock Exchange Formats) with applicable compliances
o Providing required inputs for press release, investor presentation and investor call
Directing transition to GST regime; supporting and structuring contracts to ensure optimum indirect tax efficiencies
Developing tax plans and managing filing Direct/Indirect Taxes including Sales Tax, Service Tax, EPF, ESIC, Income Tax (Form-16) and TDS returns in compliance with Statutory Tax Acts for Parent, Subsidiaries and Joint Ventures

Notable Accomplishments Across The Career
Aurionpro Solutions Limited
Administered efforts to facilitate:
o IND AS implementation (Indian version of IFRS) for Parent, Subsidiaries and Joint Venture
o Demerger of existing business with different operational model moved to the new resultant entity soon to be listed
o Credit rating upgrade with positive outlook
o Group restructuring that increased efficiencies from taxation, funds mobilization and compliance perspective
o Strategic India business part for IDM business sale (USD 33 Million to KPMG USA); obtained NOC from bankers and regulators for the transaction
o Optimizing scale benefits resulting in cost efficiency
o Strategic investment in SC Soft Singapore for Smart Cities and Smart mobility division resulting in major cost saving for existing AFC projects. This business has huge potential of growth with USD 10.3Billion market in coming times
o Raised a debt in excess of over INR 100 Crores (US $15 million) from a leading Public Sector Bank for a multiyear project; Non Fund Exposure raised with various Public and Private Sector Bank in excess of over INR 75 Crores (US $12 million) resulting in saving interest cost and processing fees
o Received Lower deduction Certificate from Income Tax Office that resulted in a multi crore rupees (over USD 2 million) in additional cash inflow (first ever receipt since inception)
3i Infotech Ltd.
o Preparation of accounting policy & processes for consolidation of accounts; attended board meetings; resolved queries related to Finance & Accounts, consistently achieved stringent timelines
o IND AS implementation for subsidiaries and consolidation of Accounts
o Key inputs on debt restructuring accounting entries including FCCB
o Saudi Arabia Entity Zakat Filing with Department of Zakat and complex Net worth restructuring
o Tax Planning for Malaysian Entity and achieved a cost saving of US $450,000
o Application of AS 28 Impairment of CGU (facilitated valuation of CGU comparing carrying value to value in use)
Pivotal in:
o Fostering accounting/finance perspective for sale of PA India/USA and UK entities that was a part of strategy to get rid of noncore entities
o Achievement of annual saving of USD 50,000 in the accounting department budget through rearrangement of workloads and removal of unproductive personnel
o Attainment of USD 2million through cost reduction in annual operating expenses since joining the organization

Previous Experience
Sep’12-Jan’13 Ahmed Mansoor Al-A’ali Co.BSC ©, Division Controller-Building Material Sector
Feb’06-Jun’06 A.F. Ferguson & Co. (Deloitte Firm), Mumbai as Assistant Manager

Entrepreneurship Experience
Jul’06-Feb’07 Sachin Sangani & Co., Chartered Accountants, Mumbai as Proprietor

2000-2005 Rajesh P. Shah, Bhiwandi as Senior Assistant

G.C.C. Conference conducted by ICAI in 2010
Intensive Course on VAT conducted by ICAI at M.C.C., Mumbai in 2005