About Deepak Kankani

Strategist, Achiever & Financial Controller with exposure in multi-cultural environments; sound understanding of the basic framework of financial accounting with the firm contribution in managing consolidation, accounting & auditing functions for the organization with an aim to accomplish organizational goals. Targeting assignments in Auditing, Financial Accounting, IT Implementation Projects.

Key Impact Areas

key impact areas of deepak kankaniFinancial & Management Accounting
Auditing & Financial Controlling
Statutory Compliance & Budgeting
MIS Reporting & Documentation
ERP Implementation
Training & Project Handling
GAAP Reporting-IGAAP, IFRS & INDAS
Team Building & Leadership
Crisis Management
Indirect Taxation

Soft Skills

Communicator 80%
Collaborator 100%
Intuitive 100%
Innovator 75%
Leader 90%
Motivator 100%
Analytical 80%
Team Builder 100%

Career Growth

ITC Limited

Assistant Manager (Audit) with Corporate Internal Audit Department

ITC Limited

Financial Accountant with Corporate Accounts Department

ITC Limited

Corporate Accountant with Corporate Accounts Department

ITC Limited

Project Manager HFM, GRC, XBRL and Divisional Audit Manager, Corporate

Executive Profile

Achievement-Driven: enterprising accounts & finance individual with a strong record of contributions in streamlining accounts and finance operations, consolidation, invigorating businesses, heightening productivity, improving systems & procedures also involved in the preparation of manuals & documentation of same.

A persuasive & influential professional with over 8 years of extensive experience in Auditing, IT Projects, Manufacturing, Finance, Indirect Taxation, Consultancy, MIS & Reporting, Accounts & Finance and Working Capital Management. Having sound working knowledge of SAP 6.3(ECC), OFA, MS Office and HFM.

Successfully ERP implemented SAP, RPCON, IFRS & New Consolidation Package, GRC, XBRL, HFM, Service Tax Credit Availing System and System Set-up (R & D, CPO). Skilled at working in various industries such as FMCG, CPG, E-commerce-E-tailing, Retail, Automobiles IT, Construction, Iron & Steel.

A forward thinking person who is a strong leader & team oriented; possess competencies in achieving both corporate & personal goals.

Education & Credentials

  • Executive Program in Applied Finance from IIM, Calcutta in 2008
  • Chartered Accountancy –Final from ICAI in 2004
  • B.Com. (H) St. Xavier’s College, Calcutta University, Kolkata in 2002
  • Company Secretary- Final from ICSI in 2001

Academic Achievements

  • Successfully secured all India 30th Rank in CA final
  • Attained all India 5th Rank in CS final
  • Received Ghanshyam Das Memorial Gold Medal for securing all highest in the indirect tax paper in CS Final Examination Awarded

Selected Highlights & Contributions

  • Successfully implemented SAP in Corporate and HFM across ITC at both Standalone & Group Companies level
  • Played a key role in saving Rs. 100 lakhs per annum in area of Service Tax
  • Recognized & appraised for Outstanding performance for the last four years by the company
  • Merit of preparing Business Valuation Report on Tata Motors as part of EPAF program

Professional Experience

From Dec’04 to Feb’13 At ITC Limited

Assistant Manager (Audit) with Corporate Internal Audit Department

Financial Accountant with Corporate Accounts Department

Corporate Accountant with Corporate Accounts Department

Project Manager HFM, GRC, XBRL and Divisional Audit Manager, Corporate

Special Projects / Assignments Managed:

  • HFM Implementation
  • SAP Implementation
  • RPCON, sampling & TE Implementation
  • GRC and XBRL Implementation
  • System Set-up (R & D, CPO)
  • Service Tax Credit Availing System
  • IFRS and New Consolidation Package Implementation
  • Creating a Uniform Chartered Accounts & impact MNC’S of IFRS

Feb’13 till date – Handling family business of Garments, Commission Income

Key Result Areas:

Financial & Management Accounting:

  • Responsible for accounting, consolidation, uniform chart of accounts, master maintenance, consulting on Accounting and presentation issue.
  • Provided training to divisions and group companies and presentation to top management.
  • Ensuring timely updating of Corporate Trial Balance and Financial Statements in compliance with applicable Accounting Standards, Companies Act and other relevant rules and regulations.
  • Provided sound assistance in:

o Preparing ITC accounts at both stand alone and consolidated level.

o Commercial section in strengthening the customer delivery system, complying with statutory requirements and ensuring maximum value capturing in commercial transactions

  • Ensured statutory compliance in regard to Service tax payable; BRS and RIT reflect the true picture of the financials of the company.
  • Ensured reconciliation of internal transaction and control at both Stand alone and Consolidated level.
  • Prepared Cash flow statement for both ITC stand alone and consolidated level.
  • Implemented systems, procedures & manuals for preparation & maintenance of statutory books of accounts & financial statements and ensured compliance with the statutory requirements.

Auditing:

  • Managed Audit for functions like marketing, engineering, finance, HR of various businesses of ITC Limited like Tobacco, Matches, Agarbatti, Hotels, CSR
  • Worked in coordination with Big 4 Audit firm for various activities like statutory audit, certification work and IT implementation
  • Liaised with Manager for both Statutory auditors and internal auditors, Service tax auditors
  • Prepared Annual report and AGM Q & A for Chairman
  • Coordinated with Corporate Taxation department to ensure correct determination and presentation of deferred tax assets and liabilities and also ensure correct charge of tax to accounts
  • Liaised with various departments to prepare details for external authorities like ROC, Service tax

Liaison & Coordination:

  • Liaised with Corporate Finance department to ensure correct presentation of Ten years data at a glance and also some key ratios
  • Exposure of working in Corporate Secretarial and Communication department to ensure correct accounting presentation in Notes to accounts in Annual report and also working closely on disclosures related to Key management personnel’s like Remuneration and RPT

Compliance Management:

  • Managed high level standard of policy compliance, legal compliance, presentation, granularity of preparation of details, uniformity of accounting and disclosure

IT Project implementation:

  • Monitored & led project of implementing SAP, HFM, RPCON, Sample and TE reimbursement, GRC in Corporate
  • Successfully implemented in house application system like Employee sampling system, RPCON, TE system
  • Ensured the statement on related party transactions is prepared in compliance with AS 18. Laid down the IT system to capture the related party transaction level details
  • Prepared and supervised Corporate Revenue and Capex Plan
Budgeting:
  • Skilled at managing activities related to corporate budget preparation – liaising with more than 25 Cost Centers
  • Formulated annual budgets and conducting variance analysis to determine difference between projected & actual results and implemented corrective actions
  • Prepared the MIS reports, cash & fund flow statement and other financial reports to keep a track of financial performance
Personal Details:

Date of Birth: 28-05-1980
Languages Known: English, Hindi, Bengali
Address: Lake View Garden, Flat 3C, 21 Shib Krishna Daw Lane, Kankurgachi, Kolkata – 700 054