CA Parag Chavda

Operations Associate

Chennai, Tamil Nadu, India20 yrs 6 mos experience

Most Likely To SwitchHighly Stable

Key Highlights

Over 16 years of expertise in IFRS and IND AS.
Led complex group consolidation across 30+ geographies.
Implemented key financial systems for corporate organizations.

Stackforce AI infers this person is a Corporate Finance expert with extensive experience in IFRS and financial reporting.

Contact

Skills

Core Skills

Corporate Financial ReportingConsolidationInd AsIfrs

Other Skills

Financial AnalysisFinancial ReportingICFR controlsHyperion Consolidation SystemIGAAPFundraisingCultural IntelligenceGlobal Team DynamicsGlobal LeadershipLeading Positive ChangeBudgetingMerger & Acquisition CommunicationFinance controllerBusiness StrategyForecasting

About

✏️ He is a high impact technical accounting person having expertise in IFRS and IND AS over 16 years of experience. ✏️ He has contributed for Group Consolidation as per Ind AS, IFRS , JGAAP as well IFRS conversion for the Corporate Organisations. ✏️ He has managed Closure of Statutory audit along with resolution of audit queries. ✏️ Looking after the set-up of financial systems, ensuring internal financial controls, analyzed key financials, and also handled activities of planning & costing functions for cost reduction & profit enhancement ✏️ Contributed in Merger and Acquisition Transaction Reporting ✏️ He had implemented Hyperion Financial Management tool for Consolidation of Group Financial ✏️ Handled implementation of SAP S4 HANA

Experience

Olam agri

General Manager - Group Consolidation & Reporting

Oct 2021 – Present · 4 yrs 5 mos · Chennai, Tamil Nadu, India

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✅ Worked on the de-merger / reorganization of Olam Group's business portfolio, leading to the creation of three new operating groups⁣
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✅ Worked on US$1.24 billion strategic sale of a substantial minority stake in Olam Agri⁣
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✅ Led the successful implementation of the Accounting Policy Manual for the Olam Agri Group, standardizing and strengthening financial reporting frameworks.⁣
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✅ Delivered comprehensive comparative analyses on key financial schedules.⁣
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✅ Ensured seamless consolidation and financial reporting across highly complex corporate structures involving multi-currencies and operations in 30+ geographies.⁣

Corporate Financial ReportingIFRSConsolidationFinancial Analysis

Vodafone idea limited

General Manager - Financial Reporting and Compliance

Sep 2016 – Sep 2021 · 5 yrs · Mumbai, Maharashtra, India

✪ Managed implementation of first time adoption of IND AS for erstwhile Idea Cellular Ltd
✪ Managed Financial Annual Report preparation of the Company
✪ Proactively supported various Business proposal with technical accounting and finance requirements
✪ Completed Monthly, Quarterly and Annual Financial Closure within the targeted timelines.
✪ Actively supported the financial data requirement for merger of Idea Cellular Ltd and Vodafone India
✪ Managed implementation of ICFR controls for erstwhile Idea Cellular Ltd.
✪ Handling implementation of SAP S4 HANA for TRM, Taxation and Enterprise Structure

Corporate Financial ReportingIND ASFinancial ReportingICFR controls

Renault india

Senior Manager - GL Reporting

Jun 2015 – Sep 2016 · 1 yr 3 mos

✪ Achieved closure of Quarterly and Annual Statutory Audit closure with in the timelines
✪ Resolved the audit queries and closure of audit schedules requirements dependent with inter- department
✪ Identified the area of improvements by review of Balance sheet items to maximize cash flows
✪ Manage implementation of ICFR controls
✪ Handled strong stakeholder management from a finance perspective

Corporate Financial ReportingICFR controls

Atul limited

Joint Manger

Feb 2011 – Jun 2015 · 4 yrs 4 mos

✪ Handled Indian GAAP Finalization and Group Consolidation (Revised Sch VI) including foreign subsidiaries
✪ Kicked off Ind AS implementation
✪ Implementation of Hyperion Consolidation System
✪ Liaison With Statutory And Internal Auditor and closed the audit queries raised
✪ In-house managed XBRL filling of financial statements with MCA
✪ Achieved issue of Quarterly, Half yearly and Annual Published Result of Company within TAT

Corporate Financial ReportingInd ASHyperion Consolidation System

Essar oil

Manager

Apr 2008 – Oct 2010 · 2 yrs 6 mos

✪ Managed International Financial Reporting Standard (IFRS) Conversion and Consolidated Financial Statements inclusive of preparing the:
o Consolidated IFRS Financial Statements
o Fair Valuation as per IFRS of Financial Assets and Financial Liabilities
o All workings for IFRS Adjustments
✪ Monitored preparation of Indian Generally Accepted Accounting Practices (IGAAP) Financial Statements and complete annual report preparation
✪ Annual, Quarterly and Half yearly published results of the company
✪ Actively contributed in the London Stock Exchange Listing IPO project
✪ Resolved the queries of Statutory auditors for IGAAP and Converged IFRS financial statements

IFRSIGAAPFundraising