Jai Prakash Kumawat

Current profile involves working under dual role.

Role as Finance Manager requires

• Analyzed Quarterly financial statements against forecasts to prepare high-level variance analysis
• Complied with regular reporting of Key Performance Indicators - EBIDTA, ROI reporting
• Liaised & managed external advisors, legal counsel, corporate secretaries, auditors & tax consultants
• Managed tax and treasury matters in consultation with Tax Directors and Finance Controller to drive efficient and effective use of capital and desirable tax outcome for investments
• MIS and SOP implementation across group.
• Contributed in group restructuring matters
• Quarterly reporting to Board of Directors through presentations
• Managed overall review and preparation of statutory books of accounts and managing audits (10+subsidiaries)
• Set up budget structure for expense management and controls with subsidiaries
• Reviewed all accounting, finance and operational processes and functions

Role as Investment Analyst involves

• Assisting Investment Directors in new investment proposals reviews, analysis, due diligence.
• Prepared financial models and financial projections for all business strategy initiatives and projects such as formulation of new subsidiaries, Joint Ventures, acquisitions and other strategic items.
• Carried in-house financial due diligence of target companies including scenario analysis to be utilized for decision-making purposes on projects.
• Prepared investment memos for transaction approvals from Board
• Negotiated transaction documentation including sales and purchase agreements and other legal items

• Managed Statutory audit process and preparation of statutory books of accounts (10+entities in UAE, Singapore, Taiwan)
• Monthly budget vs actuals
• Ensured timely submission of withholding tax returns, corporate tax return, other statutory filings
• Projections for advance tax payments
• Managed coordination with tax experts and advisors in respective countries and providing assistance during tax assessments
• Calculation, invoicing, documentation and planning of transfer pricing charges of Firm
• Worked closely with advisors, business areas and overseas entities on new OECD guidelines for CBC reporting

• Worked as bridge between client and audit team including planning and delivery of engagement plans to clients (primarily real estate clients)- Managing more than 5 clients at a time
• Performed review of audit work of team members and management of client deliverables on multiple projects under time constraints
• Supervise, coach and develop junior members of staff within teams
• Assisted senior managers in performing review of significant client contracts for accounting issues
• Worked as Team Lead for implementation of new Audit Tool (EMS) in Deloitte
• Worked as Subject Matter Expert with System Testing Team
• Facilitated Trainings in Technical matters, audit methodology and system implementation process

• Joined the organization as an executive and gradually moved up to the Assistant manager level
• Worked on assignments involving Statutory Audits, US-GAAP reporting, SOX 404 compliance testing (Coca Cola Bottling Operations in India)
• Gained experience for ensuring compliances with requirements under various tax laws
• Involved in trainings of staff (Technical topics like IGAAP and Audit Methodology and audit tools)
• Worked out strategy for execution of audit in minimum time and cost by thorough understanding of business processes, internal control environment, assessment of business risk and discussion with key management persons