Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Timeline
Generic
SHRIKET GAWALKAR

SHRIKET GAWALKAR

Bahrain

Summary

  • Chartered Accountant with 9.5 years of post-qualification experience in the fields of Auditing, Accounting, and Finance from India and Bahrain.
  • Quality-driven Assistant Accounts Payable Manager, experienced in overseeing all aspects of accounts payable, including invoice processing, payment processing, and vendor management.
  • Strong skills in problem-solving, leadership, and strategic planning have resulted in streamlined operations and improved financial accuracy within previous roles. Proven ability to manage multiple tasks simultaneously while maintaining attention to detail
  • Versatile professional adept in financial analysis, budgeting, audit support, account reconciliations and collections. Proficient in preparing financial statements, monitoring controls and completing closings. Highly detail-oriented, proactive, and diligent.

Overview

9
9
years of professional experience

Work History

Assistant Accounts Payable Manager

Ebrahim K. Kanoo B.S.C. (c)
Bahrain
09.2018 - Current
  • Supervising and managing the day-to-day activities of the accounts payable team, ensuring they are meeting deadlines and performance standards
  • Processing vendor invoices for timely payment, accurate record-keeping, and approving expense reports to ensure compliance with the company's policies
  • Ensuring that all month-end and year-end closing activities are performed according to the agreed timeline, and reconciling accounts payable ledgers, along with periodic reviews of aging reports, to identify outstanding items requiring follow-up action
  • Preparing weekly, monthly, and quarterly MIS reports for management's review
  • Providing strategic advice to the senior management based on financial analysis and projections, cost identification, and allocation
  • Coordinating with internal and external auditors by providing necessary documentation and explaining any discrepancies found in the accounts payable records for the interim and annual audit of the financial statement
  • Partnering with multiple internal teams and stakeholders, such as procurement, treasury, tax, receivables, and GL Controllers, to align strategies and resolve issues
  • Acting as the primary point of contact to negotiate terms with vendors, resolve disputes, and manage supplier performance effectively across the region
  • P2P Cycle Accounting and ERP Integration: Streamlined and automated the end-to-end procure-to-pay process, reduce procurement cycle time, ensure compliance, and improve visibility using Oracle
  • Automated invoice matching using 3-way match logic with OCR technology
  • Implemented Value Added Tax (VAT) configuration in Oracle for the Bahrain entity, in compliance with the Bahrain VAT law introduced in 2019
  • Led the end-to-end implementation of IFRS 16 Lease Accounting in Oracle E-Business Suite (EBS), including requirements gathering, configuration of lease modules, and automation of lease liability and right-of-use asset calculations
  • Assisting with budgeting and and providing insights on cash flow by forecasting upcoming payments and helping the finance team plan for short-term liquidity needs

Deputy Manager

Deloitte Haskins & Sells LLP
Bangalore, India
08.2017 - 08.2018
  • Led the planning, execution, and finalization of audits for clients, ensuring the audit scope is defined, and the process is carried out effectively
  • Developed audit strategies and plans, ensuring that audit procedures are effective and meet the standards of Deloitte's methodologies
  • Identified key audit risks, and implement procedures to mitigate those risks. Ensured that the audit covers all significant areas and is risk-focused
  • Ensure compliance with accounting and auditing standards, such as Indian GAAP, IFRS, tax regulations, and company-specific policies
  • Evaluated and assessed the effectiveness of internal controls within the client's financial systems and processes
  • Allocated tasks to team members based on their skill sets, and ensured the effective use of resources to meet client timelines and expectations
  • Acted as the primary point of contact for client management during the audit process, including setting up meetings, coordinating documentation, and resolving any issues that arise
  • Reviewed the work of junior staff and ensure it complies with audit standards, accounting principles, and regulatory requirements
  • Prepared and reviewed audit reports, highlighting key issues, findings and recommendations

Assistant Manager

Deloitte Haskins & Sells LLP
Bangalore, India
07.2016 - 07.2017
  • Worked on various stages of audit for listed, unlisted clients, global and national clients as per INDAS & IFRS
  • Preliminary planning, identifying and assessing risk, highlighting various risks by communicating in the form of suitable response and concluding with Auditing standards and Methodology
  • Planned and executed operational audits under different statutes, of various business areas of the client under risk-based audit methodology
  • Interpreted journal entries as well as adjustments made during the year in preparation of the financial statements and evaluated the likelihood of management override of control
  • Prepared deliverables such as standalone Audit Report, CARO report as per guidelines, ICFR Reporting as per standards
  • Mentor and supervise junior auditors, including providing feedback upon completion of audit
  • Reported variance analysis and audit findings that facilitated the audit team to conclude the audit and prepare required deliverables

Education

Chartered Accountant -

The Institute of Chartered Accountants of India
India
09.2015

Company Secretary (Still enrolled) -

The Institute of Company Secretaries of India
India
03.2016

Bachelor of Commerce - Accounting and Finance

Gogte College of Commerce
India
05.2013

Skills

  • Comprehensive knowledge of IFRS standards
  • ERP, Oracle software, Microsoft Office, and Deloitte customized audit software
  • Good team player with interpersonal skills
  • Strong leadership and communication skills
  • Knowledge of ERP process implementation and automation
  • Preparing MIS dashboards for management review
  • Handling statutory and internal audits
  • Theoretical knowledge of IAS 2, IAS 16, IAS 38, IFRS 16, and IAS 40

Accomplishments

  • Awarded with the title of 'Outstanding contributor' at Deloitte in the very first year of my employment and promoted to Deputy Manager in short time
  • Recognized by the current employer for my outstanding performance and leading a team of Accounts Payables efficiently
  • Won rewards for maintaining a track record of completing all the assignments as per scheduled plans

Languages

English
Professional
Hindi
Professional

Timeline

Assistant Accounts Payable Manager

Ebrahim K. Kanoo B.S.C. (c)
09.2018 - Current

Deputy Manager

Deloitte Haskins & Sells LLP
08.2017 - 08.2018

Assistant Manager

Deloitte Haskins & Sells LLP
07.2016 - 07.2017

Chartered Accountant -

The Institute of Chartered Accountants of India

Company Secretary (Still enrolled) -

The Institute of Company Secretaries of India

Bachelor of Commerce - Accounting and Finance

Gogte College of Commerce

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