Manager Accounting

CHITRA SHAH, CPA (Licensed in California#******)

**** ******** ****** ****** **** CA 90230 Ph. # 310-***-****. Email Id: **********@*******.***

EXPERIENCE

Accounting Manager

Internet Brands, Inc.(DBA Carsdirect.com) Los Angeles, USA. April 2011 to Present

As an Accounting Manager, I am responsible for completing the financial reporting and financial close processes, manage

the external audits, coordination of tax reporting and planning, analysis of GAAP and accounting policy and management

of financial operations such as accounts receivable, accounts payable and payroll for the whole company including all the

subsidiaries. Following are the highlights of my achievements in current position:

• Successfully coordinating timely preparation of monthly, quarterly and annual consolidated financial statements on

a GAAP basis and related internal management reporting packages.

• Extensive practical knowledge of most recent US GAAP and IFRS revenue recognition standards

and pronouncements;

• Main person of contact along with the controller in the transition from accounting system Lawson to Great Plains.

Assisted on the smooth transition and proper implementation on the new system, Act as a system administrator

for any issues related to the new system after implementation.

• Proficient in the foreign Entity (Canadian & UK) consolidation process for the company for the month end process

and the year end finalization of the Financial Statement and the tax related issues in the related countries.

• Proficient in writing the Accounting memo and the footnotes for the Audit and the bank requirements,

• Expert in the Sales tax and Use tax filings for various states in USA.

• Detail understanding of the US GAAP and its implementation in the day to day accounting as well as the

acquisition and the reporting requirements.

• Interact with the Banking associate for all administrative issues related to the types of reports required for the

business purpose during the month ends.

• Streamlined the Balance Sheet reconciliation of the credit card receipts process reducing the month close process

by 3 days by process improvement.

• Prepare the initial drafts for the in-house valuations for all the company’s acquisitions. Determine the factors for

the allocation to various intangible Assets based on the future use and the traffic of the website.

• Act as an Interim Controller for four months when prior Controller left the company.

• Developing, monitoring, four staff to expertise in their role and the path to move ahead.

• Maintaining and creating new relevant standard operating procedures and controls for the accounting department.

• Efficiently coordinating the interim and the annual audits and taxes with Auditors and the tax preparers.

First-hand experience with accounting for Revenue recognition in the software e-commerce and online industries; Purchase

accounting; Equity-based compensation and variable accounting.

Audit Associate

Gumbiner Savett, Inc., Los Angeles, USA. Feb 2008 to April 2011

Working as an auditor with Gumbiner Savett, Inc. I have varied experience in audit of small and medium sized

companies along with the tax preparation per the US Tax Laws for the Individual, Partnership and the Limited liability

companies.

• Act as a part of the core team in the audit of the real estate clients. Major audits include JRK and the Chadmar

Group. (Multi- Million Dollar property Investment Company).

• Other audits relates to the industries like Entertainment, Pharmaceutical, Wholesale Plywood companies. SEC

company audits for 10K and 10Q reports.

• Expert in the preparation of the group tax returns which involves the individuals, partnerships, Limited Liability

Companies and the non- profit organizations Working on the complex multi state corporate tax returns and tax

provisions and planning for various clients.

• Lead in benefit plan audits (401K Audits) for various clients during the year.

• Part of the fresher selection group for new talent in the company. Buddy to the new comers in office and

mentoring them to the office environment and the work culture.

• Assisted the Manager in the training of the Audit software (ProFx) to the newly joined employees in the

company.

.

Goldman Sachs Services Pvt. Ltd., India Jan 2006 to Dec

2006

Intermediate Analyst

Working as an intermediate analyst with Goldman Sachs, I have gained wide experience in the financial reporting of

FICC (Fixed Income Commodities and Currency) product control entities within Goldman Sachs Group, particularly in

the following functions:

• Assist the Legal Entity Accounting group (as a Controller) in the preparation of monthly financial statements under

US GAAP and IFRS & operate key controls over the balance-sheet.

• Analysis of SWAP and derivatives Products (Interest and Currency SWAPS, Fixed Income and derivative

Products and its accounting aspect in US GAAP) and analysis of the monthly financial statements.

• Expert understanding for US GAAP and Indian GAAP and their implementation.

• Underwent a three month on the job training with Goldman Sachs, New York Office (Sep 2006 to Dec 2006) to

gain proficiency in performing tasks and responsibilities.

• Successfully transitioned the jobs from New Office to India office and assisted in the implementations of the same.

• Member of the Women’s India Net work who worked for the Work- Life balance among the Company wide Female

employees across World.

ICICI Bank Ltd Calcutta. (The largest Private Bank in India), India Aug 2004 to Dec 2005

Assistant Manager

Working as an Assistant Manager with ICICI Bank Ltd., I have gained in-depth knowledge and experience in financial

analysis and understanding of a wide range of financial products and avenues of investment. I was in- charge of managing

the investment portfolio of the High Net worth Individual and corporates. The job responsibility involved preparation and

monitoring the portfolio of the client and taking proactive measures in line with the market movement.

S.B.Billimoria (Associate Member: Deloitte Touché Tohmatsu Limited, India Jan 2004 to July 2004

Qualified Assistant

Working as a Qualified Assistant at S.B.Billimoria (Associate Member: Deloitte Haskins & Sells), I have gained

experience in carrying out statutory audits including limited reviews (in accordance with US GAAP, Indian GAAP

Lakhotia and Company, India. Sept 2000 to Aug 2003

Intern

Working as an intern in the public accounting firm, I gained my initial understanding of external and internal audits,

accounting and tax aspect of public and private companies in India.

QUALIFICATION

Year Institution Examination/Degree

American Institute of Certified Public

2009 CPA (Certified Public Accountant)- Licensed.

Accountants

CAIIB (Certified Associate of Institute of Finance

2006 Indian Institute of Banking & Finance

&Banking)

2003 Institute of Chartered Accountants of India (ICAI) Chartered Accountant (Equivalent to CPA, U.S.A)

The Bhowanipore Education Society College, Bachelor of Commerce with (Honors.) Equivalent to GPA

2001

Calcutta University. score +4.

PROFESSIONAL DEVELOPMENT:

• Proficient in Microsoft Office Applications Word, Excel, PowerPoint

• Working knowledge of accounting software including ProFx and QuickBooks, Lawson and Great Plains.

• Transition and Implementation expert for Great Plain.

• Administrator for the Great Plains in the current company.

ACHIEVEMENTS:

• Awarded as a Star Performer for the year 2005 for consistent performance and best deal for the Eastern Zone of

ICICI Bank Ltd in August 2005 in India.

• Obtained professional certifications in the areas of Derivatives, Capital Market and Mutual Funds from India.

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