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Nitin Kumsi, Finance Manager

Nitin Kumsi

Finance Manager·Tesco plc

United Kingdom

Master's degree, ACA

Work experience

Total years of experience: 18 years, 9 months

Finance Manager

August 2016 - Present

Tesco plc

London, United Kingdom

August 2016 - Present

• Key liaison for all planning related cycles from Group and managing the communications across the Group for Strategic planning and annual budgeting processes
• Responsible for managing all key information requests required to deliver insightful reports to the Exec and Board
• Regularly liaise with Investor Relations, Corporate Finance, Treasury, Tax, Property and Technical accounting teams as a part of the strategic planning and budgeting queries
• Finance transformation - Involved in key design decisions for Oracle’s planning system from a Business perspective. Currently on a project role managing transformation and change across the Group. Leading the discussions on system testing, reporting requirements for end-state, resource management and Go-Live champion for Group.
• Booker - Assisted in Prospectus verification work on the Booker acquisition. Also involved in integrating Booker’s budget into Tesco
• Involved in a number of ad-hoc Exec reporting analysis

Company industry:
Retail & Wholesale
Job role:
Finance and Investment

Audit Manager

September 2007 - August 2016

KPMG

London, United Kingdom

September 2007 - August 2016

• Portfolio of audit and assurance clients with fees in excess of £1m - Managed team sizes from a minimum of 3 in smaller clients up to 15 in certain larger audits.
• Experience of leading the audit of AIM listed, SEC affiliates and subsidiaries of large European and Japanese groups as well as small and medium entities.
• Involved in Internal audit and assurance reporting on large FTSE listed clients - Performed in-depth analysis of key controls within the business and prepared reports for the Exec/ Board with recommendations.
• Performed a number of IFRS and FRS101/102 GAAP transition projects
• Performance and appraising manager
• Audit Quality and Compliance champion (departmental role) and also involved in Learning and Development trainings
• Sector experience includes automobile, aircraft leasing, wholesalers, manufacturing, employee benefit and restaurant/ pub clients
• Six month secondment to KPMG’s Transaction services division - This project involved doing due diligence work on companies looking to raise finance, IPO or acquire/ dispose businesses.
• One year secondment to Stuttgart audit practise - Involved in the Group IFRS audit of Mercedes-Benz
• Office champion for KPMG’s off-shoring business (KPMG Global Services) - Instrumental in identifying tasks and increasing utilisation of staff at Gurgaon and Bengaluru offices. Recognised by the Head of Audit (UK) for delivering high quality audit using KGS.

Company industry:
Accounting
Job role:
Accounting and Auditing

Education

Institute of chartered accountants in England and Wales

September 2010

September 2010

Master's degree, ACA

United Kingdom

University of Strathclyde

September 2006

September 2006

Master's degree, MSc. in Business and Management

United Kingdom

GPA (percentage): 78%

GPA (percentage): 78%

University of Mumbai

June 2004

June 2004

Bachelor's degree, Mechanical Engineering

India

GPA (percentage): 64%

GPA (percentage): 64%

Skills

Auditing
Expert
Auditing
Expert
Finance Transformation
Expert
Finance Transformation
Expert
Financial Planning
Expert
Financial Planning
Expert
UK GAAP
Expert
UK GAAP
Expert
IFRS
Expert
IFRS
Expert
Project and People Management
Expert
Project and People Management
Expert
External audit
Expert
External audit
Expert
Financial planning and analysis
Expert
Financial planning and analysis
Expert
Auditing
Expert
Auditing
Expert
Finance Transformation
Expert
Finance Transformation
Expert
Financial Planning
Expert
Financial Planning
Expert
UK GAAP
Expert
UK GAAP
Expert
IFRS
Expert
IFRS
Expert

Languages

English
Expert
Hindi
Native Speaker
Marathi
Intermediate
Kannada
Intermediate