Chirag Shah

• Experience in managing wide spectrum of finance & accounts activities encompassing finalization of accounts, cashflow management, auditing and statistical analysis.
• Handling all accounting operations - Accounts Payables, Accounts Receivables, General Ledger, Treasury, Cost and Inventory Accounting.
• Managing the preparation of budget and financial forecasts, reporting variances and suggesting strategies.
• Delivering financial reports, MIS and dashboards in an effective and timely manner to business operations.
• Guiding the financial planning & analysis processes; reviewing business performances against budgets, monitoring areas for improvements and producing forecasts on a monthly basis.
• Preparing financial statements, variance analysis and month end closing reports.
• Excellent knowledge of UAE Excise and VAT laws. Guaranteeing compliance with tax audits, accurate payments and returns.
• Managing cash flow and external stakeholders: banks etc.
• Acting as the person of contact for internal & external auditors, while ensuring to deliver quick results.
• Reviewing and updating on business processes and accounting policies to increase the efficiency on internal controls.
• Ensuring margin improvement amongst all variances by suggesting potential solutions on cost transformation, pricing strategy and product analysis, all while liaising with the marketing and supply teams
• Handling credit control function by overseeing and maintaining compliance of the organisations credit policy, credit outstanding and providing legal actions whenever necessary
• Experience in ERP integration for the ecommerce B2B business.
• Strong analytical & organizational abilities with adeptness in strategic planning, commercial acumen and formulating accounting system.
• Rich experience in generating reports/MIS as per the business requirements, combined with adeptness in handling operational & administrative functions.
• An effective communicator & leader with strong analytical, problem solving & organizational abilities.
• Insightful exposure in managing the routine procurement for the B2B business with proper coordination with category team.
• A proactive planner with dexterity in identifying & adopting emerging trends to achieve origination objective and profitability norms.
• Tracking performance of the organization and setting benchmarks to achieve forecasted revenue within the budgets which helps to improve the company profitability.
• Providing advice to budget holders on all aspects of budgetary control.
• Implemented Business central ERP software for B2B and General Trading

• Expertise in preparing preparation of accurate financial statements and
management accounts for the FMCG sector, leveraging analytical skills to drive
informed decision-making and enhance operational efficiency.
• Proficient in delivering timely MIS reports for the business entity and providing
actionable financial insights to enhance business operations within the
Turnaround Time (TAT).
• Skilled in conducting external audits, ensuring compliance and accuracy in
financial reporting while delivering insights that strengthen business practices
and enhance stakeholder confidence
• Directing the preparation of budgets and financial forecasts, and reporting
variances.
• Developed business processes and accounting policies to maintain and enhance
internal controls.
• Ensured compliance with UAE Excise and VAT regulations, including tax audits,
accurate payments, and returns.
• Guided financial planning and analysis processes, reviewed business
performance against budgets, and monitored areas for improvement.
• Ensured margin improvement by suggesting cost transformation solutions,
pricing strategies, and product analysis.
• Collaborated with marketing and supply teams for optimal financial outcomes.
• Managed the credit control function by overseeing the organizations credit
policy compliance.
• Handled credit outstanding and initiated legal actions when necessary.
• Monitored organizational performance and set benchmarks to achieve
forecasted revenue within budgets.
• Implemented strategies to improve company profitability.

Lead the Annual Planning Process and ensure gaps to plans and forecasts are communicated and followed up to ensure year end targets are achieved
Preparation of budgets, report writing on commercial performance for actuals and forecasts, variance analysis, Month end reporting and KPI analysis.
Support the business development team in the financial evaluation of different promotions, ensuring that budgets are adhered to Co-ordinate with the business development team in the evaluation and implementation of pricing initiatives and category plans that are within gross margin targets
 Prepare monthly forecast analysis identifying and explaining key issues to the business and providing relevant information to all stakeholders
 Partner Management Team to deliver the in-month and in-quarter forecasts bringing insight to issues, risks and opportunities to ensure the right action is taken
 Prepare monthly results and analysis including commentaries, standard results presentations, detailed variance analysis (turnover and gross profit), and any other relevant information
 Provide analytical support to the Finance Business Partner and senior management to identify insights to help the business thrive
 Planning, organizing, assigning, and evaluating all accounting procedures and policies to ensure transactions are efficient/ effective, accounting is accurate and complete.
 Working Capital Management (Analysis of Debtors/Stocks/Creditors)
 Assessing comprehensive strategy to integrate financial goals, including pricing strategies, marketing strategies and investments.
 Supervising preparation of monthly budgets and financial statements, enabling smooth finalization of accounts.
 Establishing and enhancing strong systems and processes in line with business needs; facilitating financial analysis as required and providing timely and accurate management reporting.
Spearheaded accounts / financial disciplines included financial budgets as well as planned/ forecasted management reports aligned to the company’s operations.
 Analyzed key finance performance indicators and trends, such as financial ratios and cross division comparisons which, includes established financial benchmarks of acceptable performance and comparison of actual results to budget thus initiated corrective actions.
 Designed budget guidelines to optimize cash flows, managed investments and working capital requirements, advised higher management on optimal utilize of financial structures within the company to enhance return on investment.
 Prepared monthly management reports and accompanied schedules, worksheets/narratives, included budget variance reports.
 Directed /upgraded the financial accounting policies and procedures, supervised the preparation of financial reports, included cash flow, income statements and balance sheets.
 Reconciled cash and bank statements on monthly basis to avoid cash overflows.
Achievements:
 Promoted as Assistant Finance Manager in the December, 2014.
 Promoted as Divisional Accountant in the April, 2011.
 Given an opportunity in preparation of Annual Budget for the financial year.
 In charge of handling and overlooking a legal entity in the annual external audit.

Previous Job Profile:

 Accruals & Prepayment Analysis.
 Handle all cash van sales and payments related to Personal Data Assistant.
 Conduct detailed checking of credit limits and credit days of four Cash Van accounts with almost 8000 customers in each company.
 Follow up related to credit and delayed payments and make necessary account blocks.
 Skilled at leave reconciliation as per company policies.
 Successfully processed all credit notes and FOC.
 Reconcile Trial Balance and AR Balance.
 Create price list of new articles.
 Update article price after approval from Finance Department.
 Conduct necessary follow up for cheque returns and price differences.
 New Account Opening and credit limit update in the system.

♣Managed period close for sales promotion expenses through trade accrual analysis.
♣Delivered consolidated reporting to sales and finance leadership for consolidated trade spend which
resulted in savings through analysing insights gathered from partnering with sales, finance.

• Managed period close for sales promotion expenses through trade accrual
analysis.
• Delivered consolidated reporting to sales and finance leadership for
consolidated trade spend which resulted in savings through analyzing
insights gathered from partnering with sales, finance.

• Prepared MIS reports, budgets, and commercial performance reports for
actuals and forecasts.
• Led the annual planning process, communicated gaps to plans and forecasts,
and ensured follow-ups to achieve year-end targets.
• Experienced in external auditing, dedicated to ensuring accurate financial
reporting
• Developed comprehensive strategies integrating financial goals, pricing
strategies, marketing strategies, and investments.
• Conducted variance analysis and KPI analysis to provide actionable insights.
• Delivered monthly reports with detailed variance analysis, standard results
presentations, and commentaries.
• Supported the business development team in financial evaluations of
promotions, ensuring adherence to budgets.
• Provided analytical support to the Finance Business Partner and senior
management to identify insights and drive business growth.
• Planned, organized, assigned, and evaluated all accounting procedures and
policies to ensure transaction efficiency and accuracy.
• Designed budget guidelines to optimize cash flows and managed
investments and working capital requirements.
• Advised senior management on optimal utilization of financial structures to
enhance return on investment.
• Designed budget guidelines to optimize cash flows, managed investments
and working capital requirements, advised higher management on optimal
utilize of financial structures within the company to enhance return on
investment.
• Managed working capital by analyzing debtors, stocks, and creditors.
• Pricing module management and evaluating the risk.

~ On a short assignment of handling accounts of the newly started company