Sunil Jain
Finance Director Nium India
- Role
- Financial Director at Nium
- Location
- Mumbai, MH, IN
- LinkedIn followers
- 500 followers
About Sunil Jain
A versatile professional with over 15 years of expertise in financial accounting…
Experience
Financial Director
Sep 2023 — Present · Mumbai, IN
A seasoned finance leader leading an 6-member team, optimizing workflows to enhance operational efficiency and accuracy. Overseeing global financial operations end to end for NIUM Group (APAC, Europe, and USA), a global fintech powerhouse with an annual gross revenue USD 150 million.• Automated network reconciliations, reducing 1.4M transaction line items to 140K achieving a 90% workload reduction on financial systems• Accelerated audit timelines by 50% through meticulous planning, enhancing compliance, governance, and control adherence across 14+ countries. Led the preparation of consolidated group financial statements with multi-currency reporting under US GAAP, IFRS, and IAS.• Proactively monitored minimum capital adequacy, enabling the company to save $0.6M through interest earnings while ensuring zero regulatory breaches.• Managed complex accounting areas, including lease accounting, ECL, ESOP, Goodwill Purchase Price Allocation (PPA), impairment testing, customer reward programs, gross vs. net revenue recognition, rebate accounting. Optimized accounting treatments assisted in reducing financial misstatements by 70% and enhancing reporting accuracy to support strategic decision-making across global entities.• Streamlined accounting processes to reduce client-driven adjustments by 75% and audit-proposed adjustments by 95%, ensuring audit-ready financial statements compliant with respective GAAPOversaw treasury operations, ensuring strict segregation of own cash, client e-money, and wallet funds across 10 global entities. Strengthened governance controls, eliminating commingling risks and safeguarding client assets worth $600 millionImplemented business segment reporting and department-wise accounting, providing management with deeper visibility into spend management. Strengthened cost control measures, resulting in $400K in annual savings
Find verified contacts for anyone on LinkedIn
Unifers gives sales teams verified emails and direct dials, enriched profiles, and outreach that lands in the inbox.
Free plan included · No credit card required
This profile is compiled from publicly available professional sources. Unifers is not affiliated with or endorsed by LinkedIn. Request removal of this profile.