SANJEEV KUMAR ARORA

CA, MA (Eco), B.Com

Contact: +91-9873802753
E-Mail: arora.sanjeev@yahoo.com; sanjeevarora@aol.in

~ Middle Management Professional ~

~ Tax Compliance ~ Financial Reporting ~ Financial Analysis ~ Budgeting ~

Profile Summary
• Group Financial Controller with 10+ years of post-qualification experience in International Tax Compliance, Financial
Reporting, Month End/Year End Closing, Internal Financial Control, Financial Planning & Analysis, Annual Operating Plan,
Budgeting, Forecasting and Variance Analysis, well conversant with IFRS/GAAPs standards, project accounting and tax
compliance with African Union tax laws, Liasoning with Lenders, Auditors, Consultants, Bankers and Regulatory Authorities
etc.
• Presently working with ACME Tele Power (Mauritius) P Ltd. (a wholly owned subsidiary of NETIS Holding Ltd, Mauritius)
as Group Financial Controller of NETIS/REIME Group of Companies located in East, West and Central African region.
• Skilled in:
o Ensuring timely and fully reconciled Tax Compliances of all Anglo subsidiaries on periodic basis
o Ensuring all Intra-co and Inter-co transactions are documented and disclosed in tax returns
o Handling Tax litigation of African subsidiaries and ensuring tax adjustments are reduced to maximum extent
o Timely and accurate Financial Reporting of subsidiaries on Monthly, Quarterly, Yearly or on Ad-hoc basis
o Assisting in preparation of Annual Operating Plans (AOPs), budgets and landing and conducting variance analysis
o Handling Special Ad-hoc Requests from CFO/senior management in their day to day activities
o Liasoning with Tax consultants, auditors and regulatory authorities
o Preparation of Dashboard and Templates/Trackers for Tax Compliance
• Experience in International taxation, transfer pricing documentation, consolidation of overseas subsidiaries, etc.
• Experienced in Advance MS Excel functions such as Lookup, Index, Match, Pivots, etc. & ppt based presentations
• Effective communicator with strong analytical, problem solving ability and people management skills

Core Competencies
International Tax Compliance Regulatory Compliance Consolidation of Subsidiaries
External Financial Reporting Management Reporting Budgeting and Landing
Financial Planning and Analysis People Management Skills Liaison and Coordination

Organizational Experience

Since Apr’18 Acme Tele Power (Mauritius) Private Limited, stationed at Gurugram, Haryana, India

Growth Path:
Dec’20-till date: Group Financial Controller and SSC Head of NETIS/REIME Group – Reporting to Group CFO
Oct’20-Dec’20: Senior Manager Finance and SSC Head of REIME Group – Reporting to CEO – Telecom (Africa & India)
Apr’18-Sep’20: Finance Manager and SSC Head of REIME Group – Reporting to CEO – Telecom (Africa & India)

Key Responsibility Areas:

• Supervising 8 Financial Controllers (FC) in 13 Group subsidiaries plus 4 members of Shared Service Centre (SSC) in Gurgaon
• Ensuring direct and indirect tax compliances and supervising tax litigations of African Group subsidiaries
• Maintaining and Updating Key Inter-Company Contracts and Group TP policy for documentation purposes
• Supervising complex accounting, tax, payroll, and secretarial issues of Group subsidiaries
• Preparing Consolidated Monthly Report, Group Revenue Report and analyzing monthly reports of 13 Group Subsidiaries
• Responsible for Timely tax / audit closures of Group subsidiaries companies in Ghana, Gabon, Togo, Burkina Faso, Ivory
Coast, Niger, Nigeria, Tanzania, Kenya, Rwanda, Uganda, Morocco and Mauritius
• Monitoring Compliances and escalating important non-compliances across Group subsidiaries in Africa
• Designing, Implementing and strengthening Internal Controls across Group of Companies in Africa
• New Process development and Improvement of existing Accounting, Capex, MIS and Payment process

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• Overseeing KPIs of FC and of the subsidiaries with respect to working capital, profitability, debt and cash up streaming
• Other adhoc works assigned by Group CFO/Group CEO/ CEO-Telecom/Other Senior Management
• Handling some other works such as:
o Ensuring compliance with accounting standards, direct tax including, PAYE, transfer pricing, withholding taxes etc.
o Ensuring compliance with applicable indirect tax laws such as VAT, WHT-VAT etc.
o Presenting and assisting in reviewing periodical financial and management reports for senior management
o Assisting in Preparing and Reviewing Annual Financial Statements as per IFRSs/IFRS for SMEs.
o Assisting in IND-AS Consolidation of REIME Group subsidiaries with Holding Company in India
o Updating CEO- Telecom on recent development in corporate laws, tax laws and resolving issues
o Conducting analysis of MAR/Monthly reports, identifying key issues and suggesting ways to improve MIS reporting
o Coordinating and liasoning with Statutory auditors, bankers and tax consultants

Highlights:
• Closed tax audits for batch of past 5 years in two subsidiaries with effective tax rate of <5% of the Revenue
• SPOC for one successful M&A takeover transaction and integrated successfully bought-out companies with Group
• Designed and Implemented KPIs for Financial Controllers and for Group subsidiaries
• Closed timely Final Audits of almost all the subsidiaries with unqualified Audit opinion
• Designed and Implemented KYC and KYS process across REIME/NETIS Group subsidiaries in Africa
• Successfully improved MIS reporting of tax Compliances and Financials Results
• Successfully negotiated with bankers on various bank charges, fees and get it reduced by 40%
• Designed and Implemented Capex Approval process and related forms
• Accounting and MIS Improvement of REIME/NETIS Group Subsidiaries
• Issued various guidelines on accounting improvement, project accounting, Revenue vs cost matching, FA reporting etc.

Aug’15-Apr’18 Whitefields Overseas Limited, located at Surajkund, Faridabad, Haryana

Growth Path:
Aug’15-Apr’18: Head Finance and Accounts

Key Responsibility Areas:

• Supervising a team of 4-5 members
• Handling a gamut of tasks entailing:
o Presenting periodical financial and management reports for Promoter senior management
o Preparing Quarterly and Annual Financial Statements as per Indian GAAP’s
o Ensuring compliance with accounting standards, direct tax laws including TDS, withholding taxes etc.
o Ensuring compliance with applicable indirect tax laws such as GST, DVAT, Duty Drawbacks & Service tax
o Updating management on recent development in corporate and tax laws and resolving issues
o Conducting in depth analysis of MIS report, identifying key issues and suggesting ways to improve profitability
o Coordinating and liasoning with Statutory auditors, bankers and external tax consultants
o Maintaining and documenting key Contracts with Vendors, Lenders, Consultants, Employees etc.

Highlights:
• Designed and established excel based monthly reporting model with department wise profitability
• Successfully negotiated with bankers on various fees and interest cost and reduced the finance cost by 20%
• Successfully implemented GST and strengthened and established the coordination and control among various departments

Oct’09-Aug’15 Nath Ahuja & Co. (Chartered Accountants), GK-II, Delhi

Growth Path:
Mar’13-Aug’15 Manager
Oct’11-Mar’13: Asst. Manager
Oct’09-Oct’11: Paid Assistant

Key Responsibility Areas:

• Supervised a team of 3-4 members
• Handling a client groups for gamut of tasks entailing:
o Networking with clients, updating them on recent development in corporate and tax laws and resolving their issues
o Preparing and presenting periodical financial and management reports for senior management of clients
o Conducting transfer pricing audits and preparing TP documentation

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 o Conducting Financial Due Diligence by Understanding the business, competitive positioning, strengths, weaknesses,
opportunities, challenges etc. of the target company analyzing in depth the financial information, identifying key
issues and writing the sections of FDD report
o Supervising, coaching and developing junior members of staff within teams
o Conducting Statutory audits, internal audits, tax audits of listed/unlisted companies
o Ensuring compliance with auditing & accounting standards, tax laws including withholding taxes & service tax
o Maintaining documentation of Work done
o Analysing in-depth financial information such as income statements, balance sheets and cash flows for corrective
action

Highlights:
• Skilfully designed business valuation excel model for a unlisted company
• Successfully established internal control systems in the accounting department of the client

Training Experience
Sep’06-Sep’09 Completed Article Assistant training from Nidhi Bansal & Associates, Chartered Accountants,
Azadpur, New Delhi; and Nath Ahuja & Company, Chartered Accountants, GK-2, New Delhi

Key Result Areas:

• Responsible for assisting and conducting various audits under companies act, income tax act, wealth tax act etc.
• Ensuring income tax, wealth tax, FBT and TDS returns of individuals and corporate clients are prepared and filed on time
• Preparing, filing and maintaining Minutes, Resolutions and Other forms under Companies Act, 1956 as amended
• Preparing consolidation entries for branch or subsidiaries;
• Finalizing Financial Statements, documenting working papers and preparing audit schedules and notes

Highlights:
• Team Lead of 3-4 junior articles for one of the listed company having turnover of Rs. 500 Cr + in the final year of training
• Conducted fair valuation for one of the renowned rice miller based out in Sonepat, Haryana

Education

2021 Certificate Course in Basic of International Taxation from ICAI

2011 CA from the Institute of Chartered Accountants of India (ICAI), Delhi Chapter
2006 MA (Eco) from Meerut College, Meerut
2003 B.Com from Meerut College, Meerut
2000 12th from Government College, Meerut
th
1998 10 from St. Joseph Inter College, Meerut

Personal Details

Date of Birth: 09th January, 1983

Address: Hno. 647, Sector-45, Gurugram-122004
Languages Known: English, Hindi and Punjabi
Marital Status: Married
Location Preference: Delhi/NCR
Passport Number: Z2877258

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