Manoj Damnival
Sutton,Surrey
Summary
Experienced finance professional with expertise in IFRS, US GAAP, specialising in IPOs, capital market transactions and the UK listing process. Proficient in multi-currency group consolidation, financial statement preparation, and cash flow optimisation. Skilled in financial controls, SOX and ICFR audits, and corporate governance awareness, with a strong ability to thrive in fast-paced environments. Adept at delivering insightful financial analysis to support strategic decision-making while ensuring compliance with regulatory standards.
Overview
18
18
years of professional experience
2010
2010
years of post-secondary education
Work History
Finance Director
Double Negative Ltd
London
03.2022 - 03.2025
- Oversee group consolidation process and assume responsibility of accuracy of group financial statements prepared in accordance with IFRS.
- Collaborate with the CFO to evaluate financial results and present finance reports to the Board and the lenders
- Developed and implemented robust financial and accounting policies for group-wide compliance.
- Own the relationship with the external auditors and ensure that audit is completed on a timely manner. Managed to reduce the audit fee by around 15% in the first year by suggesting alternative audit procedures.
- Streamlined group's process around capitalisation of R&D costs. Introduced governance around R&D projects leading to cost control, accountability, cleaner accounting and increased RDEC and SRED tax credits.
- Streamlined month end close and reporting process
- Led finance team in delivering accurate monthly reporting, enhanced decision-making process.
- Performed finance due diligence on a recently acquired tech business and led its integration in the group from finance perspective
- Monitored and reviewed financial controls, processes and procedures to enable best practice development. Ensured that the group's internal control and governance framework is SOX compliant and ready for ICFR reporting.
- Ensured that the group finance team and systems are ready to function as a listed entity post IPO
- Led implementation of new Procure-to-Pay (P2P) process and the GRC in SAP.
- Led the process to secure $15m grant from the New South Wales government in Australia
- Work closely with the CFO for cash management and ensure adequate liquidity is available at each location. Managed liquidity by negotiating credit terms with vendors, releasing cash by converting cash deposits to bank guarantee, entering into sale and lease back arrangement for large equipment.
- Led in setting up shared service centre and moved routine finance roles to India.
- Contributed to hiring process by interviewing applicants and making recommendations for best-suited candidates.
- Coached and mentored junior staff to maximise finance department capabilities.
- Guide the local Financial Controllers and the group consolidation team on complex accounting matters, non-routine transactions etc
- Led incorporation and set-up of new legal entities in Hungary, Spain and Australia
Assistant Director in Equity Capital Markets and Audit
Deloitte
London, UK
03.2014 - 03.2022
- Responsible for delivery of capital market transactions such as IPOs, IPO assists / readiness and accounting & internal controls advisory projects
- Assisting clients in preparation of the financial statements, implementing appropriate financial controls, structuring management accounts, defining financial KPIs etc.
- Coordinated with banks and lawyers on such transactions for review and contents of prospectus/circular
- IFRS Accounting advisory for complex accounting matters
- Reviewed management accounts and suggested improvements for them to be more informative for decision makers and to be compliant with requirements of listed business
- Reviewed and strengthened existing internal controls over financial reporting to be in line with standards expected for listed business
- On secondment to Affinity Water, worked closely with CFO for managing sale of a subsidiary
- The role involved coordinating with buyer's operational, legal and finance teams, supplying appropriate data to buyer for due diligence to ensure that the sale was completed in a smooth and timely manner
Manager in Accounting Advisory and Audit
Deloitte
India
03.2007 - 02.2014
- During seven years with Deloitte India, engaged in the audit of financial statements prepared in accordance with IFRS and US GAAP
- Audit clients ranged from mid-sized privately owned businesses to large listed multinational companies across different sectors such as manufacturing, technology, mining and media
- Audit of internal controls and processes - audit of internal controls over financial reporting under SOX environment - assessment of relevance of the controls to mitigate risks
- Prepared technical memos for accounting and auditing issues
Education
Chartered Accountant (ACA equivalent) - Finance and Accounting
The Institute of Chartered Accountants of India
IndiaBachelor of Commerce - Mumbai University
R.A Podar College of Commerce & Economics
Mumbai, India 06.2001 - 03.2004
Skills
- IFRS / US GAAP / UK GAAP
- IPO and capital markets
- UK Listing process
- Financial statements
- Multi-currency group consolidation
- Financial controls
- Financial analysis
- SOX and ICFR audits
- Ability to work in fast paced environment
- Cash flow optimisation
- Corporate governance awareness
References
References available upon request.
Timeline
Finance Director
Double Negative Ltd
03.2022 - 03.2025
Assistant Director in Equity Capital Markets and Audit
Deloitte
03.2014 - 03.2022
Manager in Accounting Advisory and Audit
Deloitte
03.2007 - 02.2014
Bachelor of Commerce - Mumbai University
R.A Podar College of Commerce & Economics
06.2001 - 03.2004
Chartered Accountant (ACA equivalent) - Finance and Accounting
The Institute of Chartered Accountants of India
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