Experience

Scale CPA Professional Corporation

• Canada
• Accounting
• 1 - 100 Employee

• Director

  • Nov 2022 - Present

  Nishant Arora is a Chartered Professional Accountant with extensive and diverse experience in accounting services. Nishant is closely associated with clients in all aspects of professional accounting , business consulting , tax planning and controllership services. Nishant obtained professional qualification in 2004 and since then has worked with many small to big size companies before Scale CPA Nishant Arora is a Chartered Professional Accountant with extensive and diverse experience in accounting services. Nishant is closely associated with clients in all aspects of professional accounting , business consulting , tax planning and controllership services. Nishant obtained professional qualification in 2004 and since then has worked with many small to big size companies before Scale CPA



HiMama

• Canada
• IT Services and IT Consulting
• 100 - 200 Employee

• Controller

  • Oct 2021 - Aug 2022



Dexterra

• Canada
• Facilities Services
• 100 - 200 Employee

• Accounting Lead

  • May 2019 - Oct 2021

  Dexterra Group Inc - (TSX-DXT) engaged in Facilities Management, Workforce Accommodation and Forestry services. Accounting Lead – Mississauga – May-19 till present o Responsible for full cycle accounting for month end, quarter end and year end close related activities including account reconciliations o Leading collection of data from business leaders for the purpose of consolidated management and external reporting o Committed to preparation of Financial Statements, MD&A and various Board reports and ensuring Audit completion as per the timelines o Researching and writing accounting memos on complex accounting matters to ensure compliance with IFRS and more accurate results o Support in budgeting and reforecasting process by collecting, analyzing, and consolidating financial data, making recommendations by comparing actual financial results to forecasts and budgets. o Implementation and Administration of the Corporate Card Program including issuing new cards, booking monthly charges managing the limits as per policy Accomplishments o Reconciled FA subledger, cleaned up Fixed Assets discarding 10MN of obsolete/unused assets. Set up the FA module in NetSuite single handedly, capex process from approval to disposal and handling regular reporting. o Handled complex Goodwill Impairment testing on various occasions. o Supported leadership team in due diligence for acquisition opportunities and successfully integrated accounting.



GroupBy Inc.

• Canada
• Software Development
• 1 - 100 Employee

• Finance Manager

  • Jun 2016 - Apr 2019

  o Leading multiple areas for Accounting, Reporting, Budgeting, Payroll, Taxation as well as Finance Operations for a group of 3 entities across Canada, US and UK o Responsible for handling preparation and audit of financial statements. o Developed and implemented financial policies, systems and procedures and continuous monitoring of compliance and any updates as needed o Supporting the CFO in preparing for any future fundraising processes, M&A activities, due diligence, and the company's financial strategic initiatives o Successfully negotiated various finance operational items like Commercial Insurance, corporate cards, setting up accounting in UK. o Managed SRED, Canadian HST and US Sales & use tax returns, inquiries, audits and ensuring the completion of assessments, Filing and issuing NR4 and T5, 1099 annually o Handled complex accounting and reporting for Stock Options, Convertible Debts, Equity conversions, Leases, Impairment testing, purchase price allocation. o Prepared and maintained the entity wide Operating and Capital budgets for planning and control purposes and regularly maintained the financial budget model with actuals and budget explanations. Accomplishments o Successfully secured HST refund to the tune of 300K on multiple occasion by handling CRA queries o Reached settlement with various states in US sales & use and tax department and cleared up the historical matters o Key contributor in due diligence on potential acquisition and integration accounting independently o Lead projects like accounting system upgrades, financial due diligence, outsourcing of accounting/payroll for UK entity o Transitioned from NTR to Review & to IFRS. o Slashed the insurance benefits cost by 15% by moving from traditional plans to the new benefits plan and attained employee satisfaction as well.



Colt Technology Services

• United Kingdom
• Telecommunications
• 700 & Above Employee

• Lead Consultant

  • Jul 2014 - Apr 2016

  o Controller of legal entities for Germany, Belgium, Netherlands, Sweden and Denmark countries. End to end recording till reporting of financials including finalization of revenue, cost, payroll, fixed assets, AP/AR, ledger close. o Supervising the month end closing activities including expense accruals, prepaid, Capital additions, depreciation run, inter-company entries etc. o Monthly review of balance sheet reconciliations and Income Statement (actuals vs budgeted and forecasted) on consolidation, divisional and country level and ensuring for timely explanation/corrections for any major variances from the business controllers. o Ensuring VAT (GST) compliance for all the four major countries handled including filing of VAT returns (monthly, quarterly), VAT payments and various filings. o Instrumental for new ERP implementation through managing our countries and providing data inputs from time to time.



Samhi Hotels Pvt. Ltd

• Gurgaon, India

• Finance Manager

  • Feb 2013 - Jul 2014

  o Lead finalization of books for multiple companies under the group. o Successfully outsourced the accounts payable department and ensured its smooth operations. o Regular management reporting on project costing, project completion, units profitability o Ad hoc reporting and Commentary for the board meetings. o Managing relationships with Bankers, Auditors, Insurers, Tax and Legal Consultants and Statutory Authorities. o Managing the financial reporting for bank loan and line of credits



EIH Limited

• New Delhi Area, India

• Accounts Manager

  • May 2010 - Feb 2013

  o Preparation of Month end reporting packs for head office reporting purposes. o Supervising the AP and AR department with a team of 10 team members. o Ensuring the billing/invoicing to customers from account receivable happening in time and collection are made within the billing cycles allowed. o Performing variance analysis for department wise profitability and involving each HOD. o Assisting Financial Controller in holding Monthly meetings with all the divisional managers and critically analyzing the financial performance with respect to the budget. o Responsible for ensuring all the tax compliances for the company including Service tax, VAT, withholding tax, tax assessments. o Responsible for ensuring the Internal Controls and facilitating the internal audit process for the hotel, reviewing findings and ensuring compliance and presenting to management



American Express

• United States
• Financial Services
• 700 & Above Employee

• Assistant Manager

  • Aug 2007 - May 2010

  o Designing and Implementing Local Statutory Reporting (Balance Sheet and Income Statements) through Oracle GL for various AMEX Markets. o Conducting Conference Room Pilot (CRP), User Acceptance Testing (UAT) and Conducting Trainings for the users. o Worked closely with the Technical Developers as a functional user for development of various reports like Balance Sheet, Income Statements in various formats as per the reporting requirements. o Having good hands on exposure of various reporting tools like BIEE, HFR and Essbase – Products of Oracle. o Preparing Test scripts and executing them in a time bound manner. o Gathering and understanding the various user requirements with respect to the reporting and converting the same into feasible solutions.



GE

• United States
• Industrial Machinery Manufacturing
• 700 & Above Employee

• Assistant Manager

  • Jul 2006 - Jul 2007

  o Statutory Audit/Tax Audit /Internal Audit - coordinating with auditors, resolution of queries and finalization of accounts. o Independently Handled Oracle GL and Fixed Assets Module involving the month end and year end. o Preparation of Budget Vs Actual on Monthly basis, and scrutinizing the variances. o Preparing various MIS reports for Management and for US reporting purposes. o Closing of books as per IGAAP and US GAAP on monthly basis. o Handling the Direct tax and Indirect tax matters involving FBT, Advance tax, Income Tax, Service Tax, Transfer Pricing Matters etc. o STAT to GAAP Reconciliation highlighting the differences between Indian GAAP and US GAAP. o Making True up/down for different processes based on actual results and SOW from the Transfer Pricing Perspective. o Review and Approval of Reconciliations as per Criteria in GE GAAP on monthly basis.



TATA Power

• India
• Utilities
• 700 & Above Employee

• Finance Executive

  • Feb 2005 - Jul 2006

  Handling the accounts , taxation , monthly closing and reporting. Handling the statutory auditors and forecasting Handling the accounts , taxation , monthly closing and reporting. Handling the statutory auditors and forecasting