Nitin Sawadia

Nitin Sawadia Email and Phone Number

Head of Finance, ANZ @ Sennheiser
Sydney, NSW, AU
Nitin Sawadia's Location
Greater Sydney Area, Australia, Australia
Nitin Sawadia's Contact Details

Nitin Sawadia personal email

About Nitin Sawadia

PROFESSIONAL PROFILEProficient finance professional with a proven track record illustrating over 14 years of sound business, accounting and management experience in multinationals & multi-industry including Big Four. Qualified CPA (Australia), Chartered Accountant and an Australian Citizen who has thrived as a results’ driven Corporate Finance Manager in a challenging and dynamic environment through passion, honesty and perseverance. A team leader with consistent value-added contributions in all areas of finance and accounting depicted in previous companies' growth.KEY SKILLS AND PROFESSIONAL ATTRIBUTES1. Excellent communication & presentation skills with ability to do multi-tasking.2. Strong analytical & research skills with keen eye for detail and accuracy3. Key professional attributes are as follows: Financial planning  Financial analysis Accounting  Financial reporting Statutory Compliance  Budgeting Business Plan Management Accountant Financial modelling  Management Information System (MIS) Cash and bank management Treasury management  Forecasting Cash Flow Management Internal Controls Business Process Improvement Commercial and Risk Management Internal audit 4. Motivated, self-starter and proactive; Set up & scaled up finance function and systems in current organization including implementation of best practices. 5. Specialization in Microsoft Excel with hands on experience in leading ERP systems.6. Worked closely with senior management as part of the key leadership team and then building financial and operational plans to fulfil company’s strategy.7. Fluent speaking, listening, writing and reading skills in English (IELTS overall band 8).

Nitin Sawadia's Current Company Details
Sennheiser

Sennheiser

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Head of Finance, ANZ
Sydney, NSW, AU
Nitin Sawadia Work Experience Details
  • Sennheiser
    Head Of Finance, Anz
    Sennheiser
    Sydney, Nsw, Au
  • Seafolly P/L
    Group Financial Controller
    Seafolly P/L Mar 2018 - Present
    Alexandria, Nsw, Au
    • Provide Leadership and Direction to the Finance team. • Preparation of monthly and annual financial reporting for the Group, insightful analysis of variances and related activity; with an emphasis on timeliness, accuracy and high professional standards. • Completion of period end reporting packs• Responsible for data integrity of the consolidated P&L and Balance Sheet • Provide cashflow reporting and forecasts and manage the funding requirements for the Group.• Co-ordination, facilitation and ownership of the annual Budget process• Completion of regular and accurate updates to the Financial Forecasts. • Complete Bank Covenant reporting and Forecasts and ensure company performance remains within limits.• Ensure an environment of strong Financial controls is maintained and oversee completion of all necessary GL reconciliations on a regular basis. • Ensure that Debtors are closely monitored, provisions for doubtful debts are adequate, and in conjunction with the Credit Controller, make sure that collections are maximized.• Manage the annual Audit and Statutory Reporting processes for the Group.• Ensure correct valuation, recognition and reporting of inventory; ensure duty and freight are correctly accounted for, and duties recovered where applicable.• Tax Compliance for all entities.• Ensure proper application of Accounting Standards and legislative compliance. • Ad hoc reporting and tasks as required, project evaluation and assessments.• Develop and Implement financial policies and process documentation across the Finance Function
  • Bateel International
    Corporate Finance Manager
    Bateel International Jun 2015 - Feb 2018
    Dubai, Uae, Ae
    Achievements1. Supported and advised senior management Team in financial and strategic decision making leading to 11% increase in consolidated profit of the company.2. Analyzed operating costs across different business verticals and implemented measures thereby saved $1.2 million cumulatively in one year.3. Reviewed monthly financial closure of 14 Group companies having turnover of over $150 million; preparation and submission of Group’s monthly and annual consolidated financial statements accurately & consistently within defined timelines. 4. Compliance with internal and external audit requirements and ensured maintenance of accurate books of accounts in conformity with legal and accounting standards. This led to a clean audit report from Big 4 firm for 3 consecutive years.5. Managed and led the Corporate Finance team consisting of 6 employees which was applauded as the best support department in the company.6. Spearheaded the preparation of monthly / annual Budgets across all divisions covering revenue, cost, capital expenses, cash flows and consolidated results. Implemented controls resulting in saving of 13% over the previous year as compared to budgetary limits. 7. Independently developed financial models for new business opportunities to accurately forecast future profitability /return on investments thus generating 15% higher returns as compared to previous investments.8. Presented company’s current performance and future business plans across varied divisions to the Board of Directors enabling them to take long term strategic decisions such as expansion into new countries.9. Received positive performance appraisal from the CFO since joining and rewarded with performance bonus each year for outstanding contribution to the company.10. Mentored and trained 3 new employees which improved their productivity by 200% and resulted in effective contributions to the company
  • Air Charter International (Arabia) Ltd
    Head Of Finance
    Air Charter International (Arabia) Ltd Nov 2014 - Jun 2015
    Dubai, Dubai, Ae
    Achievements: 1. Designed a comprehensive management reporting system encompassing financial statements, business performance, receivables and payables ageing, cash flows, etc which served as a critical tool for financial reporting to the management.2. Preparation of budgets for multi-companies and variance analysis for tracking progress and remediation actions. 3. Analyzed financial results to contribute in business planning and operational synergies leading to saving of $400k for the company.4. Contributed in new sales incentives scheme which catapulted sales growth of 22% as compared to 8% in the previous scheme. 5. Developed financial model to assess investment opportunities and restrained the company from investment in low yield or loss projects. 6. Contracts review and risk management to safeguard company’s interests.7. Effectively managed credit control and receivables & reduced average collection period by 18 days.8. Prepared financial statements in accordance with statutory and international reporting standards. 9. Monthly and annual closure / finalization of accounting records.10. Timely reconciliation of balance sheet accounts, identify areas of possible errors and suggest solutions.11. Liaised with external auditors from leading audit firms and ensured clean audit report.
  • Transdanube Industries
    Financial Controller
    Transdanube Industries Dec 2010 - Oct 2014
    Oltenita, Jud. Calarasi, Ro
    Achievements: 1. Financial Accounting, Reporting and Compliance Prepared financial statements in accordance with statutory and international reporting standards.  Initiated the management reporting function; furnishing timely and accurate monthly financial statements and various other reports to the management and Corporate Group headquarters which was non-existent. Designed a system of allocation to cost/profit centre which demonstrated profitability in each business stream. Complied with all regulatory and fiscal requirements including timely filing of returns.  Liaised with internal & external auditors from Big Four firms and ensured clean audit report.2. Financial Planning and Analysis Prepared budget and cash flow forecasts for all operating businesses.  Detailed analysis of costs and revenues and implementation of the results to maximize profitability of the company. Annual savings of more than $275k realized for the company. Identified budget variances and recommended management action plans for corrective measures.  Efficiently reduced working capital requirement by $ 1.6 million by improving credit terms with suppliers and quicker realization of receivables. 3. Financial Modelling, Due Diligence and Project Financing Independently constructed complex financial models particularly for the $200 million steel project investment which was used for final investment decision by management. Conducted financial due diligence for mergers and acquisitions and recommended to management based on which management concluded a deal of $ 45 million. 4. Treasury,cash, bank management  Established relationships with banks for comprehensive company accounts operation and management.  Hedged foreign currency exposure and safeguarded company from currency /financial risk.  Utilized money market instruments to enhance returns to 17% of investment portfolio. Effectively Managed LCs, BGs, etc to ensure liquidity
  • Woolworths
    Finance Manager
    Woolworths Jan 2010 - Dec 2010
    Cape Town, Western Cape, Za
    1. Preparation and finalization of annual financial statements for different entities in Handa Group of Companies.2. Periodic MIS, Cash flow, budgeting including variance analysis and financial reports to management for business excellence 3. Treasury management and liaison with banks for multiple financial dealings.4. Taxation, Costing and allied matters5. Handling a team of seven executives for monitoring and control of financial operations.6. Supervision of accurate recording and maintenance of financial records in the ERP database.7. Co-ordination with inter-functional departments for optimization of productivity and scalability.
  • Ernst & Young
    Consultant
    Ernst & Young Jun 2006 - Dec 2009
    London, Gb
    1. Received an average client feedback score of 4 out of 5 in successfully completing assignments entailing internal audits, process reviews, standard operating procedures, controls identification and testing, enterprise risk management, Business Process Reengineering (BPR), revenue assurance, SOX 404, etc.2. Reviewed business models and experience gained in multiple sectors such as Manufacturing, Retail, Media and Entertainment, Trading, Utilities, BPOs, I.T, etc. which was utilized for clients in similar industry.3. Savings reaped by clients of upto $ 1.7 million from recommendations to fix revenue leakages and improve process whilst reducing cost.4. Undertook root cause analysis, trends analysis, risk and opportunity assessment which helped clients in critical decision making and improve business performance.

Nitin Sawadia Skills

Managerial Finance Financial Planning And Analysis Financial Reporting Finance Auditing Financial Accounting Ifrs Budgets Internal Audit Analysis Financial Modelling Treasury Management Internal Controls Corporate Finance Accounting Business Analysis Forecasting Variance Analysis Financial Analysis Due Diligence Cash Flow Financial Statements Management Accounting Mis Business Planning Financial Controller

Nitin Sawadia Education Details

  • Cpa (Australia)
    Cpa (Australia)
    Finance & Accounts
  • Institute Of Chartered Accountants Of India
    Institute Of Chartered Accountants Of India
    Finance & Accounts
  • Acca, U.K
    Acca, U.K
    Ifrs
  • Institute Of Company Secretaries Of India
    Institute Of Company Secretaries Of India
    Secretarial
  • University Of Calcutta
    University Of Calcutta
    Accounts
  • National Stock Exchange’S (Nse) Certification In Financial Markets
    National Stock Exchange’S (Nse) Certification In Financial Markets
    Financial Markets

Frequently Asked Questions about Nitin Sawadia

What company does Nitin Sawadia work for?

Nitin Sawadia works for Sennheiser

What is Nitin Sawadia's role at the current company?

Nitin Sawadia's current role is Head of Finance, ANZ.

What is Nitin Sawadia's email address?

Nitin Sawadia's email address is ca****@****ail.com

What schools did Nitin Sawadia attend?

Nitin Sawadia attended Cpa (Australia), Institute Of Chartered Accountants Of India, Acca, U.k, Institute Of Company Secretaries Of India, University Of Calcutta, National Stock Exchange’s (Nse) Certification In Financial Markets.

What are some of Nitin Sawadia's interests?

Nitin Sawadia has interest in Business Analyst, Sports, Financial Planning, Management Accounts.

What skills is Nitin Sawadia known for?

Nitin Sawadia has skills like Managerial Finance, Financial Planning And Analysis, Financial Reporting, Finance, Auditing, Financial Accounting, Ifrs, Budgets, Internal Audit, Analysis, Financial Modelling, Treasury Management.

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