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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

Mobile: 00971 545708643

Location Preference: Middle East, Asia Pacific and India
Versatile, high-energy professional, successful in achieving business growth objectives within turnaround & rapid changing environment
A strategist cum implementer with nearly 12years of experience in spearheading finance and accounts to accomplish corporate plans and goals successfully

Profile Summary

• Established consistent & appropriate business practices and systems & procedures, attended board meetings, resolved queries of board & shareholders, enhanced controls for credit risks and built staff/supplier morale at a time of financial distress; instituted controls, teamwork and accountability throughout the entity at Mauritius, Bahrain & UAE
• Extended costing and decision critical inputs to the management, finalized accounts and interacted with auditors for annual reports
• Implemented significant improvements in accuracy and timeliness of cash management and reporting
• Implemented internal control disciplines (e.g. Sarbanes-Oxley compliance) throughout the division to maintain integrity and accuracy of financial reports
• Directed financial analysis; internal and regulatory reporting; accounting operations; budgeting; forecasting that led to long-term improvements in cost savings, profitability and productivity
• Consistently attained stringent timelines; directed the implementation of best practices in the acquisition due diligence, modeling, integration and accounting processes
• Skills in steering overall accounting, finance & commercial operations including collections, audit, purchase, contract compliance, receivables, deposits, disbursements, payroll, fixed assets and inventory
• Sound working knowledge of Basel II and International Financial Reporting Standards

Wealth of Expertise Entails:
Finance & Accounts / Commercial Operations / Legal Matters / Budgeting / Costing / Working Capital Management / Regulatory Compliance / Fund Management / Loan Sanction & Disbursement / Taxation / Auditing / MIS Reporting & Documentation / Advisory Services / Cash Management / Financial Analysis & Planning / Variance Analysis / IFRS / Basel II / Networking / Coordination / Banking Operations / People Management

Organizational Experience

Jul’19 – Jul’20 Gold Standard DMCC, Dubai
Head Finance & Precious Metal Trader
• Steering preparation & Review of:
• Daily, Monthly, Periodical and yearly P&L, Cash Flow, MIS & related activities.
• 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 Aurionpro Solutions Limited
Chief Financial Officer
• Leading a team of 20+ members as In-charge of the accounting, finance & commercial functions and providing costing & decision critical inputs
• Ensuring all regulatory and taxation compliances for Parent, subsidiaries and Joint ventures.
• Cash Flow and treasury Management including assessment of equity/debt required and arranging for the same.
• Financial modeling & Analysis for each SBU’s
• Prepare & review Budgets, Forecasts and Cash flows periodically.
• Monitoring & reviewing quarterly accounts for BSE and NSE filings (stock exchange formats) with applicable compliances.
• Reviewing annual accounts under schedule III along with cash flow statement ¬es to accounts adhering to regulatory compliance.
• Attending Audit committee, Board Meeting and Annual General Meeting. Resolving queries /issues or providing inputs for the issues raised in those meetings.
• Managing relationship with investors, Financial Institution and International stake holders
• Providing required inputs for press release, investor presentation and investor call.
• Periodical credit rating review.
• IND AS implementation(Indian version of IFRS) for Parent, subsidiaries and Joint Venture.
• De merger of existing business with select one having different operational model moved to the new resultant entity.
• Raised a debt in excess of 100+ crores (US $15 million) from leading public sector bank for multiyear project.Non Fund Exposure raised with various public and Private sector bank in excess of 75+ crores (US $12 million)resulting in saving interest cost and processing fees.
• Credit rating upgrade with positive outlook
• Lower deduction certificate from Income tax, India resulted in multi crore rupees (more than 2 million $) additional cash inflow (first time company received this since inception)
• Group restructuring resulting in more efficiencies from taxation, funds mobilisation and compliance perspective.
• Strategic India business part for IDM business sale (USD 33 Million to KPMG USA) including obtaining NOC from bankers and regulators for the transaction.
• Optimising scale benefits resulting in cost efficiency.
• 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

Jan’13-Aug17 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

As Deputy Vice President
• Leading a team of 10 members as In-charge of the accounting, finance & commercial functions and providing costing & decision critical inputs.
• Reviewing annual accounts under schedule III along with cash flow statement, notes to accounts adhering to regulatory compliance.
• Monitoring quarterly accounts for BSE and NSE filings (stock exchange formats) with applicable compliances
• Involved in finalizing audit committee & board presentation
• Spearheading consolidation of accounts, review & analyses financial of each entity. Geography for consolidation includes entities based out of US, UK, Middle East, Africa, and South Asia & Asia Pacific
• Prepared accounting policy& processes for consolidation of Accounts; attended board meetings; resolved queries related to Finance & Accounts,consistently achieved stringent timelines
• IND AS implementation for subsidiaries and consolidation of Accounts.
• Key inputs on debt restructuring accounting entries including FCCB.
• Saudi Arabia Entity Zakat Filing with Department of Zakat and complex Net worth restructuring.
• Tax Planning for Malaysia Entity resulting in saving of $450,000
• Application of AS 28 Impairment of CGU (carrying out valuation of CGU comparing carrying value to value in use)
• Instrumental in keying in accounting/finance perspective for sale of PA India/USA and UK entities. (part of strategy to get rid of noncore entities)
• Achieved annual saving of US$ 50 thousand in the accounting department budget by rearranging workloads and removing unproductive personnel
• Generated US$ 2million cost reduction in annual operating expenses since joining the organization
As Assistant Vice President/Deputy Vice President
• Directed a team of 7 members and operated as In-charge of the accounting, finance & commercial functions and provided costing & decision critical inputs and managed cash for Middle East & Africa Entities
• Reviewed&performed analysis of MIS &Board Meeting Presentation for Middle East, Africa, South Asia & Asia Pacific entities
• Addressed/resolved queries of board members in the board meeting
• Designed Annual Operating Plan for Middle East & Africa Entities after deliberation with key operating personnel
• Conducted periodical analysis of unbilled &debtors
• Sold fixed assets for UAE entity (Residential Building & Commercial Offices)
• Monitored the arrangement for payable financing for greater then USD 5.0Mn
• Ensured Periodical Local Audit & Compliance for Middle East, Africa, South Asia & Asia Pacific Entities

May’09-Sep’12 Bahrain Specialist Hospital, Bahrain (Joint Commission International, U.S.A Accredited) as Finance & Accounts Manager
• Managed a team of 15 members for accounting, finance & commercial functions and provided costing & decision critical inputs to the management
• Finalized unit accounts, interacted with auditors for annual reports and established systems & procedures for the efficient recording of the operations of the hospital
• Conducted accounting related activities like maintaining monthly & annual accounts, presentation of annual accounts; attended board meeting, annual general meeting & resolved queries of board members / shareholders
• Reviewed monthly Management Information System, Bank Reconciliation & daily Management Reports; analyzed Cost Centre reports, informedmanagement on various Loss making cost center& how to deal with the same
• Applied IFRS broadly, prepared annual budget & cash flow (budget vs actual) statements; monitored receivable/payable & banking transaction on daily basis; performed Zakat Calculations
• Interfaced with the Statutory Auditor, ensured compliance with statutory laws /regulations and calculated various packages to be offered for Insurance companies for various procedures
• Monitored finance related activities like arranging for bill discounting facility against insurance bills and organized vehicle loans
• Administered loan for Medical Equipment and organized feasibility study for purchasing medical equipment & other financial projects
• Converted loan to equity by amending shareholding pattern and making frequent presentation on various issues to the Board of Directors
• Attained stringent timelines; attended Board & Annual General meetings & resolved queries of Board & Shareholders

Mar’07-May’09 ICICI Bank, Mumbai /India & Port Louis / Mauritius as
Assistant Manager
? Deputed at Mauritius to look after Accounts, coordinated in Operations of an FII arm ICICI International Limited of the Bank and reported to the CEO of ICICI International Limited.
? Preparing Accounting Policy for ICICI international Limited as per IFRS, Accounting Process for Expenses, Participatory notes (P-Notes) & NAV calculation for IOF various Share Class including Feeder Funds.
? Carried out formalities involving Working Capital demand, loan Sanction & disbursement.
? Prepared monthly, quarterly & annual accounts as per IFRS, internal monthly reports for capital market exposure (individual / group) and monthly MIS.
? Handled internal reporting to ICICI bank for consolidation including: FS items Hierarchy, India GAAP Statement, US GAAP Statement, Performance of Subsidiary Statement, Contingent liability Reporting, Related party Statement & reconciliation, Statement from CFO.
? Managed Offshore Derivative Instruments (ODI) Reporting including reporting of Participatory notes to SEBI (India) & FSC
? Prepared Accounting Policy & Process for the Organization; attended Board Meetings; resolved queries related to Finance & Accounts

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

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

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

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

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 , NEO 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

Personal Details
Date of Birth: 6thJune 1980
Languages Known: English, Hindi, Marathi & Gujarati
Passport No: Z3896061
Address: Flat No.710, Discovery Gardens, Dubai, United Arab Emirates
Nationality: Indian
Marital Status: Married
No. of Dependents: 2
Visa Status: Active
Location Preference: Middle East, Asia Pacific and India