Sumedha Vashist
Deputy Financial Controller at Fertilizers. Seed. Grain (FSG) Zambia- Claim this Profile
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English Native or bilingual proficiency
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Hindi Native or bilingual proficiency
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French Limited working proficiency
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Italian Limited working proficiency
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Punjabi Native or bilingual proficiency
Topline Score
Bio
Credentials
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CFA Level 3 Candidate
Charted Financial Analyst (CFA) InstituteJun, 2019- Nov, 2024 -
CGMA, ACMA
Chartered Institute of Management Accountants (CIMA)Sep, 2017- Nov, 2024 -
Certificate in Zambian Advanced Taxation (L3) and Company Law (L7)
Zambia Institute of Chartered AccountantsDec, 2015- Nov, 2024
Experience
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Fertilizers. Seed. Grain (FSG) Zambia
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Zambia
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Farming
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1 - 100 Employee
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Deputy Financial Controller
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May 2022 - Present
- Leading the finance department consisting of 17 professionals - Leading month-end closing procedures entailing detailed P&L and Balance Sheet Reconciliations in accordance with IFRS and company standards whilst adhering to tight company deadlines. - Preparation and analysis of weekly, monthly, and quarterly management reports to be presented to the Financial Controller and the group finance function situated in Saudi Arabia - Responsible for the production and submission of data relating to the budget and current year forecast; completed in conjunction with the central group finance team and the finance function of sister companies. - Liaising with external auditors towards the finalization of external audit and the preparation of AFS. - Solely responsible for filing all tax returns and ensuring all taxation and other statutory compliance. - Negotiating with banks and other external financing providers on facility renewals to ensure appropriate financing is available to suite the business model. - Deeply engaged in product costing for contracts and selling price computations - Conducting interviews and performance evaluations of staff within the finance department to ensure the team is capable to handle the workload without flaws. - Pioneering finance department development through identifying training needs and working with the HR department to ensure training/ continuous development needs are catered for. - Coordinate the financial management of government tenders (most recent tender worth $37m); ensuring the project is budgeted, accounted and reported on appropriately. - Engaging with the senior management of external stakeholders (suppliers and customers) to ensure the smooth flow of business relationships. Show less
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Sobi Industries Limited
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Lusaka, Zambia
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Senior Management Accountant
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Jun 2020 - May 2022
Comprising of Sobi Industries Ltd (leading Zambian manufacturer of paper and tissue products), Amigo Foods Ltd (Zambia’s leading snack producer), Marydale Farms Ltd, and Ridgeview Investments Ltd (Real Estate management) - Profited the company by designing a new VAT control system, saving approximately $150,000 pa in reduced liabilities - Designed complex valuations for potential merger acquisition aiding the decision-making process with more financial insights - Analyzed and assessed the company’s financial performance, elaborated costing mechanism for each product manufactured - Been instrumental in the computation and filing of periodic tax returns and other regulatory compliances - Negotiated with local/foreign suppliers and customers in devising payment plans and other legal terms - Undertook preparation of periodic management and financial accounts for four companies (IFRS compliant) - Lead and mentored a team of seven professionals comprising the finance function of the organization - Brainstormed with the Board of Directors in implementing an integrated inventory control system, starting with the acquisition of raw materials right up to the distribution of finished goods - Engaged with external auditors to facilitate annual year-end independent audits - Monitored and managed group liquidity; forecast short term liquidity trends and longer term funding needs - Supervised and monitored group foreign currency position, engaged with bank and government officials to negotiate favorable forward/future contract positions, and Letter of Credit terms Show less
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Ashu Sharma Associates
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Lusaka, Zambia
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Chartered Accountant & Business Consultant
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Dec 2014 - Jun 2020
- Supported general accounting functions and directly involved in the preparation of annual financial statements. - Prepared 6 types of tax returns for companies and individuals on a routine basis. - Prepared monthly payroll and related reports in accordance with applicable tax, pension and insurance deductions - Greatly involved in company secretarial services for clients and responsible for ensuring that the client firms comply with standard financial and legal practice. - Calculated and interpreted financial ratios for the purpose of monitoring the working capital and cash flow position of various clients. - Worked within clients' team to manage the budget and achieve targets and incentives - Collaborated with client key decision makers to discuss expenditure fluctuations, inventory management, outstanding payables/receivables Show less
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Education
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2015 - 2021
Chartered Institute of Financial Analysts (USA)
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2012 - 2014
Chartered Institute of Management Accountants (UK)
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Italian School of Lusaka
High School Diploma
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