Ritesh Parekh
C.A., M.Com., B.Com.
**********@*****.***
Career Profile
Total experience of 16 years starting with article ship with Chartered Accountants firm having clients in Manufacturing units, Banks, Service Sectors – including Government and Private Organizations then worked with Parikh Mehta & Associates as a Manager (Accounts & Audit). After completing of Chartered Accountancy, I joined GETCO as a Finance Executive at Corporate Office, presently working with manufacturing company in UAE as Finance Manager.
Implemented ERP (Oracle 11 i) from the basic level.
Career Objective
Achieve expertise and develop a reputation as a multi-functional business Company Accounting, with finalization of Balance-sheet, statutory obligations like Income Tax, Sales Tax, Service Tax, etc. To achieve thought leadership and innovation in business processes. To be able to dynamically align and integrate personal career goals with the business objectives of the employer.
Auditing of peculiar industries such as oil, gas, construction, telecom and achieving master levels with the ability of handling sizeable team size is one of my main objectives.
Key Skills
Anticipate and recognize problems, assess alternative and recommends solutions, which aim to provide integrated total solution.
Position and Responsibilities Held (Company – Position – Period)
Guardian Industries, Bahrain, Regional Financial Controller – September 2016 till date
oHeading Finance function of the region having operations in Africa, Middle East, India and Asia
oPreparing and consolidating monthly, quarterly, annual (AOP) forecast for the region
oMonth end reporting
oCapex management
oCredit management
oSystem controls (internal control management)
Guardian Industries, UAE, Finance Manager – February 2013 – August 2016
oHeading Finance, Accounts and IT
oPreparing and consolidating monthly, quarterly, annual (AOP) forecast for the plant
oMonth end closing and reporting
oPreparing/evaluating capital proposal
oNegotiating with banks for term loan and CC facilities
oLiaising with internal/statutory auditors
Flometallic India Limited, Bharuch, Finance Manager – February 2011 – February 2013
oHeading Finance and Accounts
oHandling exports and imports
oMonitoring transfer pricing transactions
oPreparation and maintaining documents for transfer pricing
oPreparing Monthly / Quarterly financials and other MIS
oYearend closing including liaising with auditors
HiTS Telecom, Kuwait, Assistant Manager (Finance & Accounts) – August 2009 – January 2011
oFinalize Business Plan for 10 years and get approval from the bank for financing
oPreparing Monthly / Quarterly financials in time frame given by HO for their consolidation purpose
oYear end closing including liaising with auditors
oPreparing Budgets (yearly, quarterly, monthly)
oPreparing and consolidating financials complying IFRS requirements
oPayable management
oNegotiating with Banks for credit facility
oCash Management
Kuwait Energy Company, Kuwait, Senior Executive (Accounts & Audit) – Feb 2008 – July 2009
oPSA Accounting
Corporate Books
-Consolidation of JV books
-Reconciliation among JV
Joint Venture Books
-Preparing JV Financials
-Preparing and raising Cash Calls on Partners
oAuditing of branch and company accounts which includes stock management, collections management, manpower management, supply chain management and was a part of trouble shooter for lot of matters including cash and stock reconciliations. Also ensured compliance with IAS and IFRS for instance.
oPayable & Receivable Management
oCash Management
oDealing with Banks
oBudget variance analysis
oLedger Scrutiny and many more
Gujarat Energy Transmission Corporation Limited, Finance Executive – July 2007 to Feb 2008
oPreparation of Financials as per Income Tax Act, Companies Act and Electricity Act
oCo-ordinating with Internal, Statutory and Tax Auditors.
oPreparation of Business Plan – Multi Year Tariff and Annual Revenue Receivables
oPreparation of Budgets
oFinancial Scrutiny of Proposals
oGetting Assessment from IT department
Parikh Mehta & Associates, Chartered Accountants, Manager (Accounts & Audit) – January 2005 to July 2007
oPerforming internal audit for Banks, investment and financial companies in compliance with the IAAS (Indian Auditing and Assurance Standards). Worked as team leader and managed internal audit including preparation of audit plan, executing audits, preparation of reports and discussion with the client.
oPerforming internal audit for PSUs Clients in accordance with the charter signed by Chairman and the audit committee.
oPerforming statutory audit of private and public companies in line with the Indian Accounting Standards.
oPreparing accounting manuals for clients
oDesigning and implementing Internal Control System for various clients including manufacturing, trading and investment companies
oPreparation of Tax returns for statutory compliance
V J Kansara & Company, Chartered Accountants – Article Clerk – July 2001 to December 2004
oPerformed Internal Audit of various large and medium scale organisations including Banks, PSU and Manufacturing organizations.
oInvolved in preparation and presentation of financial statements, Tax returns, etc.
Education
Professional Qualification –
Chartered Accountant, The Institute of Chartered Accountants of India, New Delhi (2007)
M.Com. (Accounting and Financial Management), M. S. University, Baroda (2004)
B.Com. (Advance Accounting & Auditing), M. S. University, Baroda (2001)
Computer Skills –
Expertise with M.S. Word, Excel, Power Point, etc.
Tally (Computerized Accounting Package), Director of Employment and Training, Gandhinagar.
Exposure of working on IDEAS, a software designed for Oil & Gas Industry
Have exposure to work with Oracle Financials
Trainings –
General Management & Communication Skills (ICAI)
Workshop on IFRS (Ernst & Young, Kuwait)
Strengths
High energy levels
Risk taking ability
Integrity/honesty
Firm believer in dedicated hard work
Team player
Positive outlook/approach
Personal
Marital Status : Married
Nationality : Indian
Date of Birth : 19th April, 1981
Willing to relocate : Yes
Linguistic Capabilities : Read, Write and Speak English, Hindi and Gujarati