Private & Confidential
An LSE graduate and PwC trained Chartered Accountant with first time passes, I have business facing commercial and technical skills and experience in commercial organisations, both multinationals and SMEs. I have proven strategic financial management and leadership skills across the business.
Business partnering at senior leadership level
Strategic planning and budgeting
Financial modelling and economic analysis
Restructuring – stabilisation, operational turnaround, refinancing, acquisition, divestment
Multi-sites business environment
Strong technical accounting skills, including revenue recognition and SOX compliance
Introduction and implementation of robust financial controls, processes and reporting
Successful contract negotiations with key suppliers and customers
Experienced in managing IT, HR, Legal and Administration functions
Excellent working relationships with colleagues from US, Europe, ME, Asia ACA (first time pass)
BSc (Econ) Computing (2:1) - The London School of Economics and Political Science Image Sensing Systems (US listed - t/o $20m; UK $10m) February 2013 – Current TagMaster/CitySync (UK t/o £3.2m)
Above ground detection and information management solutions for the Intelligent Transportation Systems
(ITS) sector, including ANPR/LPR and RFID technologies. TagMaster (Sweden listed) acquired ISS UK in July 2015 and renamed it CitySync. Finance Director – Europe & Asia
UK, Europe, Asia accounting, tax, reporting, treasury
Managing Finance and HR team across Europe and Asia
Main point of contact for Finance and Administration in Europe and Asia, directly reporting to the US CEO/CFO and Controller
Achievements
Promoted to Administrative Director for UK and Poland, in addition to the FD responsibility
ANPR Business Unit Backup leader added to my responsibilities – further participation in operations and commercial aspects
UK Group re-structure – merger of trading entities, new holding company structure
Europe Group Re-organisation - Germany, Spain, Romania - setup entities, bank accounts, payroll processes, accounting and tax compliance
Successful closing down of Poland office and subsequent transfer of operations to UK with no adverse consequences
Managed European senior management departures without legal consequences Nimish Shah BSc (Econ) ACA
Email: acw397@r.postjobfree.com
Career Summary
Professional Profile
Qualification and Education
Nimish Shah - CV Page 2 of 4
Private & Confidential
Successful recruitment of finance and HR personnel
Successful management of office relocation – reducing costs over £100k
Efficient inventory management - enhanced involvement in supply chain matters
Updated design and format of all accounting system generated forms/template used in customer and vendor processing to give a consistent and professional image. First company to implement is ISS UK, with subsequent rolling out to ISS HK, ISS US and ISS Canada.
Initiated monthly UK staff meeting to share information and team bonding
Substantial improvements to processes - closure and transfer of Polish operations, UK (enhanced filing and documentation of HR records and distribution agreements, accounting processes and controls)
Key player in the divestment of ISS’s UK business to TagMaster Group
Managed redundancies in 2015, following acquisition by TagMaster RAA & NVS GROUP March 2011 – January 2013
Wholesale & Distribution (health / wellbeing products, children’s books, and convenience sector food and drink), and Pharmacy.
Finance Director
Financial and management accounting and reporting, banking, inventory management
Review of internal controls and financial reporting procedures
Responsible for IT, HR, Legal and Property
Achievements
Restructured distribution business – refocusing on business strategy - revenue management and improvement, handling redundancies, cost reductions, cashflow optimisation, supplier and customer management
Streamlined operations to maximise performance and profitability
Bolstered profitability by eliminating under-performing products and leveraging proactive market penetration tactics. Reduced inventory/leakage and instigated a data-based approach to operational leadership
Fortified profitability and cash flow by instituting a comprehensive budgetary control and reporting system. Negotiated banking and overdraft facilities.
Enhanced debt collection procedures – resulting in reduced debtor days by 10
Negotiated better supplier payment terms
Turned around operational efficiency, by creating and establishing internal departmental controls
Improved HR and payroll processes
IT systems – enhancement of security and backup facility, ensuring appropriate access rights for personnel, reduction in maintenance fees
INTERIM ASSIGNMENTS January 2009 – February
2011
Multi-sites Care Homes and Hotel operator (t/o £20m); Sales and Marketing company; Multi-sites Cash and Carry group (t/o £400m).
Finance Director and Head of Finance
External and internal financial reporting
Reviewed management reporting, KPI data and internal controls
Critical analyses of management information
Reviewed the corporate structures for the business
Renegotiated banking facilities
Evaluation of costing and profitability with recommendations for future pricing strategy
Responsibilities included cash flow management, budgeting, compliance, tax, audit, banking, payroll
Evaluation of outsourcing of accounting functions
Consultancy and accounting advice to a newly formed sales and marketing company Nimish Shah - CV Page 3 of 4
Private & Confidential
DAMAC PROPERTIES May 2007 – December 2008
(Reason for leaving – redundancy)
The largest private Master Property Developer in the Middle East. UK t/o £100m. Multi-site business. Financial Controller (Head of Finance in UK)
Reporting to the CFO in Dubai and UK General Manager
Presentation and analysis of monthly financial results to the Chairman, CEO, UK management
Discuss and provide advice and guidance to Board on UK multi-site business strategy
Extensive international liaison with overseas offices
Deal with Dubai property regulations and SPA (sale and purchase agreements) Achievements
Overseen rapid growth plans of opening 9 UK offices from 4, taking employee numbers from 60 to 150, in one year
Managed growth of finance team from 2 to 6 over a period of one year
Reduced annual overhead costs by £250k
Implementation of regular management reporting, including budgets and cash forecasts
Successfully set up new Dublin office - investigated and met legal and tax requirements
Improved and enhanced internal accounting controls and processes
Significantly improved UK payroll processes in conjunction with Dubai head office
Implemented UK employee pension scheme
Introduced the UK Travel and Entertainment Policy
Successfully introduced new auditors after a tendering process AVID TECHNOLOGY/PINNACLE SYSTEMS (US) January 2006 – April 2007 Avid Technology (US listed) acquired Pinnacle Systems (US listed) in 2005. Digital audio and video software and hardware tools. Worldwide t/o $900m. Finance Manager
As well as carrying on the responsibilities of Pinnacle Systems (below), my finance role was extended to encompass a much enlarged European HQ of Avid Group based in UK. Achievements
Extensive excel modelling of budgets - capital, revenue, costs
Sensitivity analysis of revenue, margins and costs by product and expense categories
Introduced BACS/CHAPS as the preferred payment methods
Successfully recruited and doubled the accounts team
Expeditious transfer and integration of Pinnacle UK into Avid UK following the acquisition PINNACLE SYSTEMS (US listed) March 1999 – December 2005 Digital audio and video software and hardware solutions. UK t/o $25m; Worldwide t/o $300m. Finance Manager (Head of Finance in UK)
Reporting to European CFO, Northern Europe Regional Manager (Consumer Division), VP Broadcast Division, EMEA / EAME
Fully responsible for all UK finance operations, including all financial accounting and reporting, budgeting, compliance, tax, audit, banking, SOX, payroll
Responsible for UK administrative operations - HR, legal, facilities
Reporting, analyses and review of business performance results to shape business decisions
Negotiate European & US software/hardware distribution agreements Achievements
Implemented robust accounting processes and controls
Significantly improved quality, timeliness and value of internal reporting
Key understanding of revenue recognition rules and processes at business-to-business and retail level Nimish Shah - CV Page 4 of 4
Private & Confidential
Pan-European participation, encompassing sales, logistics, marketing
Managed the redundancy programme during the 2004 business restructuring
Supported growth of the Consumer division from revenues of $10m to over $17m in 3 years
Substantial reduction in debtor days, from an average of 45 days to 35 days
Key role in providing SAP data to the non-financial divisions
Instigated and managed the installation of SAP infrastructure
Involvement in discussions during acquisition of Pinnacle by Avid (e.g. transfers of assets, staffing, facilities, premises, migrations of customers/vendors etc) CAREER BREAK March 1998 – February 1999
J P MORGAN CHASE BANK February 1994 – February 1998 A leading US multinational bank
Financial Officer
PRICE WATERHOUSE January 1988 – January 1994
Manager
Audit and Corporate Recovery/Insolvency
Microsoft Dynamics Navision, Salesforce.com, Sage 500 (US version), Oracle Financials, Oracle Discoverer, SAP, Cognos, Cedar Open Accounts, proprietary wholesale and cash & carry software, QuickBooks, Microsoft Office (Outlook, Excel, Word, PowerPoint), Coda, proprietary banking and audit software Additional Information – Systems Experience