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CA Santosh Verma

Candidate ID: 1855258

Career Summary

CA, CPA, ACCA, Finance, Accounts, taxation, strategic planning, treasury, banking, MIS, compliance, IFRS reporting, Balance Sheet, variance analysis, AR, AP, Statutory Compliance, ERP, and overall financial control. Power BI/SQL/Adv-Excel/PPT/Tableau /Certified UAE Corporate Tax and VAT Law Expert

Skill Set

Finance, Management, Private Equity, Financial Management, Corporate Finance, Communication Skills, IFRS, Power BI, Advanced SQL, Advanced Tableau, Advanced Excel, Advanced PPT, Chat GPT, Artificial Intelligence, Microsoft Office 365, Certified UAE Corporate Tax and VAT Law Expert

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

Seasoned Finance Leader; Accomplished and results-driven finance professional with over 19 years of strategic experience in corporate finance, accounting, taxation, and risk management; held key roles as CFO & Finance Controller, demonstrating leadership and financial acumen

Financial Decision-Making Expertise; Proven track record of spearheading critical financial decisions through meticulous analysis, projections, planning, budgeting, forecasting, and insightful reporting; proficient at aligning financial strategies with overall business objectives

Profitability Enhancement Specialist; implemented robust financial controls, standard operating procedures, and operational measures to optimize profitability and elevate competitive positioning; continuously driving cost-saving initiatives and revenue-enhancing strategies

Global Accounting Standards Proficiency; expertise in navigating various accounting standards and regulations, including Local GAAP, IFRS, and USGAAP, ensuring compliance and accuracy in financial reporting

Capital Raising Mastermind; demonstrated success in raising funds through diverse channels, including Private Equity, bank overdrafts, business loans, term loans, and cash credit facilities, fueling business growth and expansion

Taxation and Compliance Virtuoso; deep understanding of tax planning, compliance, and management, ensuring adherence to regulatory laws in Tanzania, Kenya and Gulf (VAT and CT Law)

Strategic Valuation and Performance Measurement; familiarity with Business Valuation Methods (WACC, DCF), Balanced Scorecard (BSC), and Economic Value Added (EVA) statement preparations, facilitating strategic evaluation and enhanced financial performance

Multifaceted Industry Expertise: demonstrated versatility in managing financial operations across diverse industries, including equipment manufacturing, biopharmaceuticals, pharmaceuticals, film/camera manufacturing, and tires and RIMS manufacturing

Transformational Leadership; led financial operations for a mining and fertilizer manufacturing company with a US$30 million turnover, providing invaluable insights to top management and the Board of Directors, while implementing cost-saving measures and strengthening internal controls

Valuable exposure of working with company headquartered in Dubai with fair knowledge of VAT and Corporate Law compliance in the region

Key Accomplishments

Subsidy Reimbursement Excellence; spearheaded a streamlined subsidy process, securing government subsidies totaling US$ 8 million (TZS 19 billion), optimizing financial gains for the organization
Capital Funding Mastery; successfully negotiated and secured asset leasing finance of US$ 3 million (TZS 7 billion) from a prominent bank, strategically funding vital capital expenditures (Capex) for the company
Pioneering Month-End Efficiency; accelerated month-end closing procedures, ensuring precise and timely financial reports for operational entities and capital projects within a record-breaking five working days
Remarkable EBITDA Turnaround; engineered a historic turnaround, achieving a positive EBITDA of US$ 1 million (INR 80 million) at De Dietrich, a landmark achievement in the company's 12-year history
Exemplary Fundraising Acumen; demonstrated exceptional fundraising prowess by securing US$ 6.25 million (INR 500 million) in private equity funds and securing an additional US$ 5 million (INR 400 million) through grants and loans from esteemed banks and government agencies

Core Competencies

Extra-Curricular Activities

Recipient of Debate, Elocution, and Essay Writing Competitions at School and College level
Winner of the "Mahindra Search for Talent Scholarship" twice at St. Xavier's College

Soft Skills

Professional Experience

Chief Financial Officer - Minjingu Mines & Fertilizer Limited, Tanzania, East Africa (Jan '23 - Present)
Turnover Size managed: US$30 M

Key Result Areas:
Collaborating with the CEO and MD to develop and implement comprehensive financial strategies to drive sustainable growth
Conducting in-depth variance analysis, consolidate budgets, and present monthly performance reports to the leadership team and the Board of Directors
Preparing accurate standalone and consolidated financial reports, MIS, and offer valuable business performance insights with actionable recommendations
Championing annual budgeting and cost-saving initiatives, working closely with department heads to achieve financial targets
Overseeing working capital, cash flow, and daily banking activities, ensuring financial stability and compliance with tax laws for Tanzania and Kenya
Implementing SOPs and enhance internal controls to optimize operational efficiency and transparency
Evaluate capex proposals and monitor implementation progress for expansion projects

Previous Experience

Chief Financial Officer - De Dietrich Process Systems India Private Limited (Sep '21 – Dec '22)
Turnover Size managed: US$ 7.4 million (INR 590 million)

Finance Controller - Epygen Biotech Private Limited (Sep '18 – Sep '21)
Turnover Size managed: US$ 5.6 million (INR 450 million)

Sr. Manager (Finance & Accounts) - Wanbury Ltd. (Nov '15 – Sep '18)
Turnover Size managed: US$ 66.7 million (INR 5,333 million)

Sr. Manager (Accounts & Taxation) - KODAK India Ltd. (Aug '13 – Oct '15)
Turnover Size managed: US$ 11.9 million (INR 950 million)

CFO India - Stamford Tyres India Ltd., Mumbai (Feb '09 – Jul '13)
Turnover Size managed: US$ 6.9 million (INR 550 million)

Education & Certifications

Chartered Accountants (CA) from the Institute of Chartered Accountants of India (ICAI India) – 2004 (First attempt)
Certified Public Accountants (CPA India) - 2012 (First attempt)
Chartered Institute of Management Accountant (CIMA) - Advanced Diploma in Management Accountant (MA) - 2016
ACCA from the Association of Chartered Certified Accountants (ACCA UK) - 2023
Master of Commerce (MCOM) from Mumbai University – 2003
Bachelor of Commerce (BCOM) from St. Xavier's College, Mumbai, India – 1999

IT Skills & Certifications

MS Advanced Power BI, Advanced Excel, and PPT
Microsoft Office 365/ Finance Modelling Techniques;
Advanced Structured Query Language (SQL)
Microsoft Dynamic ERP Navision
UAE Corporate Tax Law Certification by Udemy Advanced Tableau, Chat GPT, AI Tools
SAP FI/CO, ERP
Tally ERP, Prime and SharePoint
Lean Six Sigma and DMAIC Technique
UAE VAT Law Certification - Principles and Application - Udemy