Sonali Vartak
Senior Finance Advisor at MARC (Mangal Analytics and Research Consulting)- Claim this Profile
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Bio
Experience
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MARC (Mangal Analytics and Research Consulting)
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India
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Business Consulting and Services
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1 - 100 Employee
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Senior Finance Advisor
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May 2023 - Present
Mumbai, Maharashtra, India
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Faculty Member for CPA (USA) course
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Jun 2023 - Present
Mumbai
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Consultant
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Jan 2022 - May 2023
India
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Castrol
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United Kingdom
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Oil and Gas
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700 & Above Employee
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General Manager
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Oct 2015 - Dec 2021
Mumbai Area, India Winner of the MD Choice Award in 2020 for pioneering digital breakthrough in O2C process. Winner of the Sales Excellence Award for year 2018. Business facing leadership role of leading the agenda of transitioning finance processes of order to cash and reporting to third party outsourcing partner by ensuring compliance to accounting standards and listing norms and silent running of business operations throughout the transition period and thereafter. Heading the Accounts… Show more Winner of the MD Choice Award in 2020 for pioneering digital breakthrough in O2C process. Winner of the Sales Excellence Award for year 2018. Business facing leadership role of leading the agenda of transitioning finance processes of order to cash and reporting to third party outsourcing partner by ensuring compliance to accounting standards and listing norms and silent running of business operations throughout the transition period and thereafter. Heading the Accounts Receivable function for Castrol India (turnover > Rs. 3800 crores). Critical business facing portfolio to drive the risk management strategy across the India business, deliver excellent customer service, drive operational efficiency and compliance agenda. In-charge of provisioning for all the sales schemes i.e. rebates, free of goods and laying down a robust process which is compliant to accounting norms (circa. 3 % of turnover) Involved in decision making for certain rebate schemes rolled out to customers and performance management for the same on a regular basis Outstanding business partnering by working hand in hand with the sales, customer operations, supply chain and finance teams to deliver the "Shining" vision of Castrol India of profitable volume growth coupled with apt credit strategy. Recognised with “Star of the Year” award from Country Leadership Team. This role reports to the Castrol India Finance Director.
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Finance Controller (Castrol Industrial ) - India and Thailand
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Aug 2011 - Sep 2015
Mumbai Leadership role to drive the business performance and controls agenda for the Industrial business which contributes to over 25% to the topline of Castrol India and Castrol Thailand As a key member of the Industrial Sales and Finance Leadership team, led the agenda on Planning & Performance Management, Accounting, Reporting, Credit and Controls for the Industrial Segment which comprises more than 25% of the Castrol business in India and Thailand. An end to end business partnering… Show more Leadership role to drive the business performance and controls agenda for the Industrial business which contributes to over 25% to the topline of Castrol India and Castrol Thailand As a key member of the Industrial Sales and Finance Leadership team, led the agenda on Planning & Performance Management, Accounting, Reporting, Credit and Controls for the Industrial Segment which comprises more than 25% of the Castrol business in India and Thailand. An end to end business partnering role with delegations accorded to me for decision making to excel in the profit and cash targets for the business. Robust and insightful management reporting on business performance and financial scenarios Drove Risk Management processes for India and Thailand. Got the opportunity to travel to various countries to get the understanding of best practices followed and replicate the same for the India and Thailand business. Commended by the Global Lubricants CFO for exemplary business partnering This role reported to the Castrol India Finance Director.
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Colgate-Palmolive
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United States
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Manufacturing
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700 & Above Employee
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Head - Internal Audit
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Mar 2010 - Aug 2011
Mumbai Area, India Selected to head the Internal Audit function of Colgate Palmolive (India) Limited. The team operated as an independent in-house function without support from an outsourced entity. Prepare and lead the execution of a detailed strategy to align the objectives of the Internal Audit Function to the organization. Develop a communication plan, stakeholder alignment, evaluate and improve the effectiveness of risk management, control and governance processes. Hand-picked by the… Show more Selected to head the Internal Audit function of Colgate Palmolive (India) Limited. The team operated as an independent in-house function without support from an outsourced entity. Prepare and lead the execution of a detailed strategy to align the objectives of the Internal Audit Function to the organization. Develop a communication plan, stakeholder alignment, evaluate and improve the effectiveness of risk management, control and governance processes. Hand-picked by the Global Audit Team for control review of Colgate-Palmolive Hong Kong Designed Standard Guideline Document for key elements proactively. This role reported to the Finance Director of the company.
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Manager - Financial Accounting
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Oct 2007 - Mar 2010
Mumbai Area, India Team leader for Indian statutory accounts including consolidation, press releases and annual report Preparation and finalization of US GAAP and IFRS stand-alone and consolidated financials Monthly / Quarterly reporting to the parent company in the USA In charge of Cost Audit In-charge of travel & petty cash accounting for the company
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Tata Motors
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India
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Motor Vehicle Manufacturing
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700 & Above Employee
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Senior Manager
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2004 - 2007
Mumbai Area, India Experience in US GAAP - Form 20F filing, SOX compliance, Accounting Manual preparation, SEC compliance, India GAAP statutory reporting Conducted training on accounting policies & procedures for senior managers for Tata Motors Ltd. and subsidiaries Project Manager for implementation of the Sarbanes Oxley Act (SOX) guidelines for book closure process. Preparation of Accounting Manual containing accounting policies and procedures for TML Group.
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Genpact
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United States
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Business Consulting and Services
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700 & Above Employee
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Asst. Manager - FP&A
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2003 - 2004
Gurgaon, India Financial analyst in Financial Planning & Analysis division handling analysis for GE Capital (USA) Responsible for finalization of monthly and quarterly accounts, reporting and analysis, and preparation of budgets.
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Grant Thornton LLP (US)
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United States
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Accounting
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700 & Above Employee
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Assistant Manager
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2001 - 2003
Mumbai Area, India Team Leader for the statutory audit of Fem Care Pharma Ltd Preparation of US GAAP financials statements for companies. Faculty for the in-house US GAAP training sessions conducted for reputed companies such as Ranbaxy, MRPL and Hughes Telecom
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Education
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The Institute of Chartered Accountants of India
Chartered Accountant, Accounting and Finance -
The American Institute of Certified Public Accountants (AICPA)
CPA (USA), Accounting and Finance -
Narsee Monjee College of Commerce and Economics
Bachelor's Degree, Commerce -
Parle Tilak Vidyalaya
High School, Matriculation