Abhishek Kumar
Uxbridge
Summary
Finance Head with 17+ years of expertise in driving financial performance and growth. Proven track record of success in fund raising, budgeting, forecasting, accounting, statutory compliance, and taxation. Skilled in process improvement, revenue leakage prevention, and technology implementation to optimize financial operations. Hands-on Financial Controller skilled in leading motivated staff to achieve cross-functional activity. Aligns operations with business objectives for good team progress. Challenges policies and procedures to optimise financial performance.
Overview
14
14
years of professional experience
5
5
years of post-secondary education
Work history
Financial Controller
Esto Care group London
London, UK
03.2023 - Current
- Oversaw annual budgeting, quarterly review, and reforecast process
- Successfully implemented a new payroll system, which enhanced efficiency by 25%, streamlining processing and reducing administrative burden
- Eliminated payroll errors, ensuring accurate and timely wage payments
- Generated cost savings of £20,000 per month
- Identified and addressed revenue leakage opportunities, leading to an estimated annual saving of £50,000
- Worked closely with the external accountants to ensure accurate financial reporting
- Oversaw property companies and reconciled housing benefit and utility costs, addressing all enquiries from local authorities regarding financial matters.
- Reviewed annual financial statements, collaborating with audit partners to produce statutory accounts.
- Installed internal controls and set up standard procedures for business accounting systems.
- Analysed budgets and financial projections for accurate reporting of company performance.
- Organised and carried out month-end, quarterly and year-end processes.
- Resolved invoice coding and tracked recurring expenses for accrual entry.
- Advised management on financial details related to business operations, inventory levels and budgets.
- Compiled financial data for business forecasting and budgeting.
- Oversaw accounting, payroll and financial reports to support daily functions.
- Oversaw and approved monthly management accounts, contributing to strategic decision-making.
- Conducted comprehensive payroll review and input, maintaining accuracy and compliance with regulations.
- Directed cost lines of P&L, managing staff costs, rent and overheads for optimal financial performance.
- Managed annual corporation tax computations with accurate, timely tax submissions.
Finance Director
Stage3 and alayabystage3.co (Technicolor Dream Pants Pvt. Ltd.)
Delhi, India
09.2019 - 08.2022
- Develop and execute a successful ecommerce strategy to drive online sales growth
- Manage the e-commerce budget including forecasting and financial reporting
- Improving sales & conversion through launching additional online sales & conversion drivers
- Work with supply chain team to forecast and manage ecommerce inventory, as to ensure sales are maximised and content delivered effectively
- Heading the finance, account and operations consisting of up to direct 15 repartees, determining financial objectives, designing & implementing system, policies and procedures to facilitate internal financial controls
- Working closely with Founders and Investors for integrating cash flow, financial statements, investments & fund management functions
- Support in the evolution of the brand 3/5 years strategic plans, including the financial modelling, appraisals required and the associated capital investment plan
- Leading and overseeing business partnering with Sales & Marketing teams, delivering their budgets, forecasting cycles, and supporting commercial decision making
- Overseeing administration of the department and maintaining coordination between various internal departments for smooth functioning
- Identify and execute cost reduction strategies across areas.
- Collaborated with management to develop an effective growth strategy, growing annual revenue by 40%.
- Forecasted trends and interpreted cash flows to reliably inform business decisions.
- Directed budgeting and forecasting activities to align financial goals with organisational objectives.
- Identified areas for improvement and enhancements in financial processes and reporting mechanisms.
- Consolidated comprehensive management accounts, integrating income statements, cashflow and balance sheets.
- Reviewed bookkeeping and management accounts to achieve clear and correct reports.
- Conducted variance analysis to identify discrepancies and implement corrective actions.
- Reduced annual business expenditure through careful expense monitoring.
- Implemented cost-control measures, optimising expenditure within budgetary constraints.
- Contributed to hiring process by interviewing applicants and making recommendations for best-suited candidates.
- Finalised VAT returns with rigorous transaction checks.
- Designed dashboards to enhance Business Intelligence and KPI reporting.
Finance consultant
BYS asset Management
Gurgoan/India
04.2017 - 08.2019
- Managing the complete accounts and finance functions
- Managing legal and statutory compliance
- Helping management in taking decisions related to cost cutting planning.
- Updated clients on new financial products for improved investment possibilities.
- Supported clients in setting clear financial goals with plans to achieve them.
- Evaluated financial statements, presenting key findings to stakeholders.
- Evaluated investment performance, recommending adaptations to maximise profit.
- Observed and acted on stock market trends and movements.
Senior Finance Manager
Oxigen Services Pvt. Ltd.
, India
11.2016 - 04.2017
- Generating monthly financial statements including balance sheet, profit/loss statements, and general ledger
- Monitoring cash flow
- Maintenance of day-to-day accounts, Reconciliation of Books maintenance of Fixed Asset register, capitalization
- Coordinate the external and internal audits
- Maintains current knowledge of Generally Accepted Accounting Principles (GAAP) requirements and incorporates these requirements in accounting activities
- Manages the month-end financial close process including the preparation of journal entries and reviewing of journal entries created by staff accountants.
- Maintained KPI reporting tools for accurate, up-to-date financial data for decision-making.
- Identified areas for improvement and enhancements in financial processes and reporting mechanisms.
Finance Head
Purple Panda Retail Pvt. Ltd. (known as Clovia.com)
, India
07.2013 - 11.2016
- Maintaining compliance related to TDS, Service Tax and VAT, managing various cost control projects
- Managing the functions pertaining to budgeting and forecasting, financial controls, and implementation of standard operating procedure (SOP)
- Preparing various types of MIS and sharing the same with senior management for decision making process
- Generating monthly financial statements including balance sheet, profit/loss statements, and general ledger
- Monitoring cash flow and investments and collaborating with CEO and CFO for management and strategic initiatives
- Keeping control on cash flow and other RBI related requirements related to foreign remittance
- Streamlining financial processes to ensure appropriate commercial and contractual arrangements with suppliers and customers and for all products and services in their control, including logistics services
- Steering due diligence process conducted by PWC team from investor side for review of compliance and internal controls prior making investment
- Driving all the banking transactions like daily fund management, utilization of funds, liaising with banks / analysing banking facilities
- Monitoring inflow / outflow of funds; taking adequate measures to ensure optimum utilization of available funds towards the accomplishment of organizational objectives
- Implement accounting system for tracking receivable, payable and inventory situation for various Marketplace partners
- Worked closely with product, warehousing and Technology team for implementation of accounting system.
Manager/Head (Finance & Accounts)
Good Things Home Store Pvt. Ltd.
NOIDA-INDIA, India
06.2010 - 06.2013
- Led the maintenance of Books of Accounts: inclusive of P&L account, Balance Sheet and Trial Balance with the finalization of year-end accounts in coordination with External auditors
- Supervised the preparation of various ledgers and reconciliation statements like bank reconciliation, credit reconciliation for analysing the accuracy of books of accounts
- Prepared Cash & Fund flow statements and Ageing Analysis of debtors / Creditors as well as undertaking periodical Expenses Analysis
- Ensured timely filing of Returns like TDS, Service Tax based on the mandatory enactments
- Liaised with auditors and ensured compliance under various acts and other statutory bodies
- Attained 100% collection of receivables as per terms and conditions of the orders billed through the company
- Evaluated MIS reports to provide feedback to top management on financial performance and to develop more informative database for improved management decision making and critical evaluation of activities like fund management, credit control, and profitability
- Regulated company's insurance program and coordinating with marketing and legal consultant in drafting agreements for franchise, landlords and so on.
Education
Chartered Accountant -
The Institute of Chartered Accountants of India (ICAI)
06.2004 - 06.2009
B.Com. - undefined
Jaiprakash University
ACCA Student - Commerce
ACCA
London 03.2024 -
Skills
- Risk Evaluation Management
- Microsoft Excel
- MS Word
- Power-point
- Payroll Management
- Financial Operations
- Auditing & Internal Control
- Financial Modelling & Analysis
- Fund Raising
- MIS & Budget Planning
- Statutory Compliance & Taxation
- Liaison & Coordination
- Experience of handling Shopify, face book and Google platforms
- Working Capital Management
- Microsoft Dynamic NAV accounting Software
- Sage 50
- Xero
- Payroll
- Financial planning
- Financial management
- Profit and loss management
- Detailed reporting
- Standard operating procedure development
- Financial Forecasting
- Cost and revenue analysis
- Financial strategy
- Balance sheet reconciliations
- ERP Software knowledge
- Cash flow management
- Sage 50Cloud
- External stakeholder management
- Internal control management
- Cash Flow analysis
- GAAP understanding
- Advanced bookkeeping skills
Custom
Available Upon Request
Personal Information
Title: CHARTERED ACCOUNTANT
Languages
English
Fluent
Hindi
Fluent
Timeline
ACCA Student - Commerce
ACCA
03.2024 -
Financial Controller
Esto Care group London
03.2023 - Current
Finance Director
Stage3 and alayabystage3.co (Technicolor Dream Pants Pvt. Ltd.)
09.2019 - 08.2022
Finance consultant
BYS asset Management
04.2017 - 08.2019
Senior Finance Manager
Oxigen Services Pvt. Ltd.
11.2016 - 04.2017
Finance Head
Purple Panda Retail Pvt. Ltd. (known as Clovia.com)
07.2013 - 11.2016
Manager/Head (Finance & Accounts)
Good Things Home Store Pvt. Ltd.
06.2010 - 06.2013
Chartered Accountant -
The Institute of Chartered Accountants of India (ICAI)
06.2004 - 06.2009
B.Com. - undefined
Jaiprakash University
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