Malav Shah
Chartered Accountant
Surakarta,JT
Summary
Experienced Financial Controller with a strong background in textile, telecom, and garment manufacturing industries. Demonstrated leadership abilities in successfully guiding teams towards achieving financial objectives. Skilled in collaborating with executive leaders to formulate effective business, financial, and growth strategies. With 25 years of industry expertise, brings a proven track record of delivering results and driving organizational success.
Overview
28
28
years of professional experience
Work History
Financial Controller
PT Bintang Abadi Persada
02.2014 - Current
- Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
- Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
- Planned budgets, authorized expenditures, monitored accounting processes, established service rates and coordinated financial reporting to oversee all fiscal procedures.
- Maintained strong relationships with external auditors, facilitating smooth annual audit processes and addressing any concerns promptly.
- Conducted regular variance analyses between actual results and budget projections to identify trends or issues requiring further investigation or action by management staff.
- Led organizational cash flow and cash flow forecasting initiatives.
- Managed a team of finance professionals, providing guidance, support, and ongoing training to ensure continued growth and development.
- Contributed to the development of long-term strategic plans by providing executive management with accurate financial data and forecasts.
- Spearheaded the implementation of new accounting software, resulting in increased efficiency and improved financial tracking capabilities.
- Collaborated closely with department heads to establish accurate budgets and monitor performance against targets.
- Enhanced cash flow management with timely accounts receivable monitoring and collections efforts.
- Assisted in the preparation of annual tax filings, ensuring full compliance with local, state, and federal regulations while minimizing tax liabilities where possible.
- Developed comprehensive financial models for strategic planning and decision-making purposes.
- Implemented rigorous internal control measures to safeguard company assets and prevent fraud or mismanagement risks.
- Ensured compliance with regulatory requirements by conducting thorough internal audits and implementing necessary corrective actions.
- Supported executive-level decision making through the development of clear KPIs, financial metrics and dashboards.
- Reduced operating costs through meticulous budget management and cost analysis.
- Optimized working capital availability by proactively managing inventory levels, accounts receivable balances, vendor payment terms negotiation.
- Identified areas for operational improvement through detailed financial analysis, leading to increased profitability and reduced expenses.
- Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
- Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
- Accurately completed financial statement audits and thoroughly reviewed results.
- Followed up with delinquent accounts to obtain funds and reduce aging balances.
- Projected monthly cash expenditures through efficient budgeting and detailed document reviews.
- Worked with both internal and external users to create detailed financial reports.
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
- Created and distributed reports on internal and external finances, audits, and budgets.
Head of Finance
PT Metro Global Services
05.2009 - 02.2014
- Provided senior management with strategic financial insights for informed decisionmaking.
- Managed budgeting process, ensuring accurate forecasting and timely adjustments to meet business needs.
- Collaborated with cross-functional teams to align financial goals with overall company objectives.
- Strengthened communication between finance department and other business units, fostering an environment of collaboration across the organization.
- Oversaw annual audit process, ensuring accurate representation of financial position in accordance with GAAP standards.
- Reduced overhead costs by identifying inefficiencies and implementing cost-saving measures.
- Negotiated contracts with suppliers for more favorable terms, resulting in significant cost savings.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Collaborated with C-level executives and stakeholders to develop long-term financial plans.
- Created financial dashboards to provide insights into key performance indicators.
Finance Manager
PT Texcoms
05.2007 - 05.2009
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Developed comprehensive financial reports for executive decision-making support.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Improved financial forecasting accuracy, utilizing advanced analytical models.
- Reviewed documentation and identified financial discrepancies, where applicable.
- Collaborated with cross-functional teams for strategic business planning and growth initiatives.
- Streamlined month-end close process, reducing time spent on manual tasks, and improving data accuracy.
- Streamlined internal audit process, enhancing efficiency and reducing discrepancies.
- Coordinated with external auditors to ensure a smooth and compliant audit process each fiscal year.
- Developed strategic plans for day-to-day financial operations.
Finance & Accounts Manager
Metro Wireless Engineering (India) Pvt Ltd
08.2005 - 05.2007
- Improved financial forecasting accuracy by conducting regular reviews of budgets and actual performance data.
- Managed financial audits, ensuring compliance with regulations and maintaining accurate records for review.
- Enhanced cash flow management with timely invoicing, collections, and payments.
- Collaborated with department heads to develop annual budgets that aligned with strategic goals and objectives.
- Prepared comprehensive financial analyses for mergers, acquisitions, divestitures, or other strategic initiatives undertaken by the company.
- Coordinated tax planning strategies with external consultants to minimize tax liabilities and ensure regulatory compliance.
- Negotiated favorable contract terms for the company, resulting in significant cost savings.
- Reduced operational costs by identifying areas for improvement in budget management and resource allocation.
Audit Executive
M/s. Sudhir J. Shah & Co
06.1999 - 07.2005
- Increased efficiency in audit processes by leveraging data analytics tools and automating routine tasks.
- Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities.
- Collaborated with cross-functional teams to conduct comprehensive audits across various business units.
- Developed strong partnerships with clients through proactive communication, mutual trust, and understanding their specific needs.
- Streamlined internal controls by conducting thorough reviews and recommending effective solutions.
- Ensured timely completion of all assigned engagements while maintaining high-quality deliverables throughout the process.
- Conducted detailed financial analysis for key accounts, identifying trends and potential risks to inform strategic decisionmaking.
- Analyzed complex client problems and generated targeted solutions that resolved outstanding issues while enhancing client business positions.
- Prepared accurate audit reports that clearly communicated findings and recommendations to management teams.
Articleship Trainee
M/s. Nautam R. Vakil & Co
06.1996 - 05.1999
- Maintained confidentiality of sensitive information while handling client accounts, adhering to strict ethical standards at all times.
- Reduced errors in data entry by implementing thorough verification processes for accurate recordkeeping.
- Performed various administrative tasks such as filing documents or managing correspondence efficiently as needed.
- Enhanced the accuracy of financial reports by diligently reviewing and reconciling accounts.
- Managed client relationships effectively, addressing queries and concerns promptly and professionally.
- Conducted tax research to ensure compliance with applicable laws, mitigating potential risks for clients.
- Mastered complex accounting concepts through ongoing professional development and training sessions, staying up-to-date on industry trends and changes.
- Optimized workflow efficiency by organizing files and documents electronically for easy access during audits or assessments.
- Assisted in streamlining accounting processes through effective use of software tools and technology.
- Developed strong analytical skills through evaluating financial data for inconsistencies or discrepancies, suggesting corrective measures as needed.
- Prepared project presentations and reports to assist senior staff.
- Sorted and organized files, spreadsheets, and reports.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Maintained integrity of general ledger and chart of accounts.
Education
Chartered Accountant - Accounting And Finance
Institue of Chartered Accountants of India
Ahmedabad, India 04.2001 -
Master of Commerce - Accounts
Gujarat University
Ahmedabad, India 04.2001 -
Bachelor of Law - Law Enforcement
Sir L A Shah Law College
Ahmedabad, India 04.2001 -
Bachelor of Commerce - Accounts & Economincs
H L College of Commerce
Ahmebad, India 04.2001 -
Skills
Financial Planning
Cash Flow Management
Financial Forecasting
Budgetary Planning
Internal Controls
Tax Compliance
Financial Policy Development
Additional Information
Interests and activities : Traveling, Music & Photography
Languages : English, Gujarati, Hindi & Bhasha Indonesia
Date of Birth : 17th February 1976
Passport : Valid Indian Passport, expiring April – 2027.
Address : B -3 /114 Orchid Heights,
Applewood Township,
Nr. Shantipura Circle,
Ahmedabad – 382210
Reference : Mr. D. D. Mehta (FCA)
X - Director (Corporate Finance)
Deloitte Haskins & Sells (Chartered Accountants)
Ahmedabad – 380007
Phone No.: +91-79-26561891
Timeline
Financial Controller
PT Bintang Abadi Persada
02.2014 - Current
Head of Finance
PT Metro Global Services
05.2009 - 02.2014
Finance Manager
PT Texcoms
05.2007 - 05.2009
Finance & Accounts Manager
Metro Wireless Engineering (India) Pvt Ltd
08.2005 - 05.2007
Chartered Accountant - Accounting And Finance
Institue of Chartered Accountants of India
04.2001 -
Master of Commerce - Accounts
Gujarat University
04.2001 -
Bachelor of Law - Law Enforcement
Sir L A Shah Law College
04.2001 -
Bachelor of Commerce - Accounts & Economincs
H L College of Commerce
04.2001 -
Audit Executive
M/s. Sudhir J. Shah & Co
06.1999 - 07.2005
Articleship Trainee
M/s. Nautam R. Vakil & Co
06.1996 - 05.1999
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