DEVENDRA SOMANI
Chief Financial Officer
Hung Hom,KKC
Summary
Seasoned Chief Financial Officer focused on helping companies accomplish missions and drive growth by adapting today's Tech era. Expansion-minded professional versed in navigating complex financial challenges.
Overview
2025
2025
years of professional experience
Work History
Chief Financial Officer
Surana Brothers Jewellery HK Ltd
8 2018 - Current
- Company Overview: Trading & Manufacturing of Jewellery
- Managed financial reporting and consolidation of accounts across Hong Kong, China, India, and Dubai regions, ensuring accuracy and compliance
- Conduct financial analysis and planning to support decision-making and align financial goals with organizational strategy
- Collaborated with the Tech team to develop over 100 Power BI reports from scratch across various databases, enhancing Management Information System (MIS) reporting for Finance, Inventory, Sales, Compliance, and HR departments
- Manage cash flow and treasury functions to ensure liquidity and optimize the organization's financial resources
- Led the development of 10+ PowerApps from scratch to streamline operations in China, Hong Kong, and India, improving efficiency and productivity
- Played a pivotal role in establishing a financial system in SAP for the newly formed India manufacturing team, providing training to finance staff and ensuring the system went live smoothly
- Partnered with the Tech team to create in-house modules for shipment, intellectual property, and compliance, digitizing manual processes and enhancing operational efficiency
- Managed a diverse team of over 10 professionals across different geographical locations, fostering collaboration and performance
- Drive standardization and efficiency through ongoing enhancements to end-to-end finance processes
- Focus on simplification and harmonization to boost productivity across financial operations across region
- Actively participate in initiatives that drive organizational transformation on a global scale
- Work closely with cross-functional counterparts to develop detailed project work plans, including risk mitigation strategies, issue tracking, and comprehensive communication plans
- Create and present materials to diverse audiences, ranging from business line stakeholders to executive leadership
- Oversaw shareholding restructuring and executed share transfer processes for the Surana Brothers Group
- Successfully guided the company in obtaining the prestigious Responsible Jewellery Council (RJC) Chain of Custody (CoC) and Code of Practices (CoP) certifications for the Hong Kong location
- Trading & Manufacturing of Jewellery
Senior Accounts Officer
Egon Software Pvt. Ltd
04.2016 - 07.2018
- Company Overview: Shared Business Services
- Developed and managed applications including SAP, EMR, IMS, Kayang, and CRM for diverse purposes
- Prepared annual consolidated and standalone financial statements in compliance with IFRS for Hong Kong, China and Singapore entities
- Created customized financial and non-financial reports for management review
- Consolidated financial statements for Surana Brothers Jewellery HK Ltd and its subsidiaries in Shenzhen
- Coordinated with group auditors in Luxembourg regarding the consolidation of financials for entities in HK, China, and Singapore
- Conducted operational risk assessments, financial analyses, and evaluations of liquidity, capital resources, and inventory
- Analyzed and presented findings to assist management in strategic decision-making
- Liaised with banking partners to address queries related to financial statements
- Assisted in the development of Standard Operating Procedures (SOP) for financial processes at Surana Brothers Group
- Managed a team of 4 staff members to ensure smooth daily financial operations
- Shared Business Services
Management Trainee – Corporate Finance
Suzlon Energy Ltd
Pune, MAHARASHTRA
04.2015 - 03.2016
- Company Overview: Renewable Energy Sector
- Prepared finance cost budget for FY 15-16 and prepared variance cost analysis for Q-1
- Prepared MIS on debt against various facilities from bank statements for bankers and top management
- Stock & Debtor's statement to be submitted in banks for CC limit of ~ INR 2040 Cr
- Analyzed ageing of accounts receivable and its impact over working capital limit
- Found cost saving measures by internally auditing various charges
- Assisted for complying with RBI compliances & DBK scheme of exports
- Resolved audit queries of stock auditor appointed by lead bank and internal auditors
- Liaison with ~ 19 bankers on daily basis for various purposes
- Renewable Energy Sector
Accountant Executive – SAP (FICO) Trainee
Rohan Builders (I) (P) Ltd
06.2014 - 03.2015
- Company Overview: Construction of Civil Engg
- Projects
- Independently prepared MIS for service tax for turnover of ~ Rs.400 cr
- Under works contract service
- Responsible for timely filing and payment of Service tax to maintain zero delay
- Supported Internal, Statutory, CERA and EA 2000 auditors with respect to service tax
- Construction of Civil Engg
- Projects
Article and Audit Assistant
BSMART & Associates LLP
07.2008 - 01.2012
- Company Overview: Pune based midsized Chartered Accountancy firm
- Independent financial accounting as per Indian GAAP and Accounting standards
- Conducted concurrent Bank audit as a key member in a team and prepared report thereto
- Filed statutory returns under Income Tax, Service Tax, and VAT of clients
- Statutory audit of corporate and non-corporate assessee in service and manufacturing sector
- Pune based midsized Chartered Accountancy firm
Education
Company Secretary -
The Institute of Company Secretaries of India
Chartered Accountant (Equivalent to CPA) - undefined
The Institute of Chartered Accountants of India
Graduation in Commerce - Special in Cost and Works Accounting
University of Pune
04.2001 - 2011.01
Higher Secondary - undefined
Maharashtra State Board
Skills
SAP-FICO
Microsoft Office: Excel, Word, PowerPoint
Power Platforms: Power Bi, Power Apps, Power Paginated Reports, Power Automate
Certification in Advanced Financial Modeling in MS Excel conducted by BSE Institute
Timeline
Senior Accounts Officer
Egon Software Pvt. Ltd
04.2016 - 07.2018
Management Trainee – Corporate Finance
Suzlon Energy Ltd
04.2015 - 03.2016
Accountant Executive – SAP (FICO) Trainee
Rohan Builders (I) (P) Ltd
06.2014 - 03.2015
Article and Audit Assistant
BSMART & Associates LLP
07.2008 - 01.2012
Graduation in Commerce - Special in Cost and Works Accounting
University of Pune
04.2001 - 2011.01
Chartered Accountant (Equivalent to CPA) - undefined
The Institute of Chartered Accountants of India
Higher Secondary - undefined
Maharashtra State Board
Chief Financial Officer
Surana Brothers Jewellery HK Ltd
8 2018 - Current
Company Secretary -
The Institute of Company Secretaries of India
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