CA ASHUTOSH RENIWAL
Lagos
Summary
Dynamic finance professional with extensive experience of more than 07 years, excelling in financial reporting and analysis. Proven track record in improving processes, achieving a 95% reduction in outstanding receivables. Skilled in budgeting and fostering team collaboration, leveraging Oracle and Microsoft Office to drive strategic financial initiatives.
Overview
12
12
years of professional experience
Work History
Management Consultant
Chanrai Family
Lagos
01.2025 - Current
- Performing management audit to ensure reported figures are in sync with local books.
- Identified and recovering $1.2 million from various banks for FX-related transactions.
- Reviewed financial statements to ensure accuracy and compliance with regulations.
- Working as an acting FC for the appliance division.
- Coordinated audit activities with external auditors to ensure compliance with regulatory requirements.
- Managing day-to-day finance operations by working closely with accounting, accounts payable, and accounts receivable.
- Reviewed account reconciliations for accuracy and completeness on a regular basis.
Finance Controller
Sonnex Packaging Nigeria Ltd
Lagos
07.2024 - 12.2024
- Company Overview: Mohinani Group.
- Improved financial reporting accuracy by streamlining and automating data processing tasks.
- Managed a team of finance professionals, fostering an environment of continuous improvement and professional growth.
- Oversaw the preparation of annual budgets, providing accurate financial guidance for key business decisions.
- Handled Treasury operations, including FX arrangements.
- Identified opportunities for process improvement through automation or streamlining.
- Increased profitability, optimizing cost control measures, and expense reduction initiatives.
- Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
- Reduced month-end closing time by implementing efficient reconciliation processes and procedures.
Manager - FP&A
AAVA Brands Ltd
Lagos
07.2023 - 07.2024
- Company Overview: A DP World Company, Formerly Known As Fareast Mercantile Company Ltd
- Provided financial analysis of results through reports, narratives & presentations to management.
- Preparing a detailed analysis report, including month-on-month comparisons, actual to budget, and forecast deviations.
- Analyzing principal-wise and channel-wise profitability.
- Product-wise costing to ensure the company's margins do not get affected.
- Skilled in month-end reporting, monthly group MIS, P&L, and Hyperion (HFM) reporting.
Credit Controller
AAVA Brands Ltd
Lagos
07.2020 - 07.2023
- Efficiently handled Receivable migration during company's transition.
- Reduced past-due balances and bad debt by coordinating collection efforts with customer service, sales, and billing departments.
- Skilled in devising and effectuating risk policies, as well as evaluating and managing risk, and implementing effective control mechanisms to mitigate the same.
- Actively involved in Finalization of Books of accounts, Scheme Management, Claims Management, working capital management & profit monitoring, Budget & expense control.
- Implemented centralized receipting & billing process.
- Devised collection recovery strategies to resolve customer issues and delinquent cases resulting decrease of 95% in Outstanding more than 90 days.
- Trained and mentored new department employees to maximize performance, handled team of 24 members.
Regional Finance Manager
AAVA Brands Ltd
Lagos
06.2019 - 06.2020
- Handled month-end financial activities, including Interco Recon.
- Conducted weekly and monthly debtors' reviews to ensure timely collections.
- Monitoring the control mechanism for the Order to Cash cycle to ensure a smooth operational flow.
- Implemented invoice and claims tracking for hypermarkets to minimize reconciliation issues.
- Preparation of monthly reports, including bank reconciliations.
- Redesigned the team structure to improve accounting and finance functions.
Accounts and Finance Manager
Avon Industries PLC
Addis Ababa
05.2018 - 03.2019
- Handled all Import related work including Dealing with Supplier, LC Establishment, Import Documentation.
- Banking and Treasury Function. Arrangement of Long Terms Funds and Working Capital Management.
- Forex Arrangements from Banks in competitive Ethiopian Market.
- Effective Management of Day to Day Bank Operations, Funds Management and Periodic Bank Reconciliation.
- Monthly VAT Payments and filling of Periodic VAT Returns.
- Preparation of Daily & Monthly MIS Report.
- Preparation of Monthly / quarterly and annual Profit & Loss account and Balance sheet.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
Article Assistant
Arvind Mathur and Company
Jaipur
04.2013 - 04.2018
- Major Audits handled State Bank of Bikaner & Jaipur, Sambhar Salts Ltd.
- Experienced GST Migration from Old Indirect Tax Regime.
- Filing of GST / VAT / Service Tax Returns.
- Audit under section 44AB of Income Tax Act, 1961.
- Audit under 12AA of Income Tax Act - 1961.
Education
Chartered Accountant -
Institute Of Chartered Accountants Of India
India11-2017
CS Executive -
Institute of Company Secretaries of India
India12-2015
B.Com -
Rajasthan University
India01.2014
Skills
- Financial reporting
- Financial analysis
- Policies and procedures
- Budgeting
- Improvement initiatives
- Oracle
- Microsoft Office
- Orion
- Tally ERP 9
Personal Information
- Date of birth: 05 Aug 1994
- Marital status: Married
Languages
Hindi
First Language
English
Proficient (C2)
C2
Timeline
Management Consultant
Chanrai Family
01.2025 - Current
Finance Controller
Sonnex Packaging Nigeria Ltd
07.2024 - 12.2024
Manager - FP&A
AAVA Brands Ltd
07.2023 - 07.2024
Credit Controller
AAVA Brands Ltd
07.2020 - 07.2023
Regional Finance Manager
AAVA Brands Ltd
06.2019 - 06.2020
Accounts and Finance Manager
Avon Industries PLC
05.2018 - 03.2019
Article Assistant
Arvind Mathur and Company
04.2013 - 04.2018
Chartered Accountant -
Institute Of Chartered Accountants Of India
CS Executive -
Institute of Company Secretaries of India
B.Com -
Rajasthan University
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