ASHOK SHETH

** *** ***, *******, **** *AY

MOBILE 079**-***-***

Email : acyx74@r.postjobfree.com

CAREER SUMMARY

I am proactive, self motivated professional with over twenty five years of increasing responsibilities and managerial accounting and finance. I have also Proven ability in the efficient management and direction of numerous projects from planning through to implementation. Technical skills include, but are not limited to, profit and loss/financial statements, cash flow, budgets, forecasting and variance reporting. I am Professional and commercially minded.

Work Experience and Key Accomplishments:

Galliford Try Construction PLC October 13 – To date

Cowley Business Park, Cowley, Middlesex, UB8 2AL

Galliford Try PLC are flagship of national builders of Housing, Construction with regional approach with the turnover in excess of £2.0bn. work for their House Building Division as a Financial Accountant. An exemplar developments of award winning homes and reputation for quality in delivering distinctive and diverse new homes in prime locations throughout the UK. Strive to create sustainable new developments that inspire modern living and set new benchmarks in design.

Job Purpose/Aims and Objectives :

Deputising Financial Controller and manage the finance team in delivering financial/management information to all levels of the business for Building South Business Unit.

Maintain and adhere to the reporting cycle / Calendar

Credit Check on suppliers as and when requested from QSs, Procurement Dept.

New Project Creation on Oracle Project Manager and input to PQQs

Hyperion Planning CVR Rollover 1st Day subsequent to the closure of Oracle for previous month. Complete reconciliation of Cost/Cash roll forward figures for all BU Projects. Once complete distribute and inform QSs ; Commercial Team via emails.

Update Finance CVRs ; Copy Finance Manage projects CVRs from Current to Final.

Prepare Extended TB, reconcile Sales ; Cost of Sales / WIP ; Over/Under Measures. Prepare/Post journals in to Oracle.

Input on Overhead / Prelims Cost prepare/post necessary journals as per Forecast /Budget or request from FC/FD.

Complete control of Staff Recoveries Reconciliation on a monthly basis once month end timecard input is done. Agree previous month Oracle numbers by each categories of staff costs including additional starters/ leavers ; staff turnover adjustments. All staff rates adjustments once agreed by FD/FC on a complex spread sheet.

Reconciliation of Intra and Inter-co accounts on only at the or year-end but on a monthly basis prior to closure of balance sheet journals at the month-end.

Complete control and reconciliation of Balance Sheet including control accounts prior to the closure of Oracle. Kept balance sheet account clean, no surprises so less time on year end audit.

Interpreting and communicating financial data to non-financial managers.

Driving change initiatives to maximise performance.

Monitoring and evaluating financial information systems and suggesting improvements to the systems.

Core Project Accountant: October 2008 – 2013

Balfour Beatty - Civil Engineering Division – 86 Station Road, Redhill, RH1 1PQ

I work for Balfour Beatty Civil Engineering Division, in a joint venture with Skanska Construction UK as Core Divisional Project Accountant.

Project is widening of M25 total of 62km making into four lane each side of carriageway and central reservation. The M25 DBFO Construction contract executed as a fixed price lump sum contract valued over £1.2bn.

The Key Accountabilities and Responsibilities are as below:

Support and deputise Project Finance Director in Core Division since the start of the project.

Act as key financial contact on behalf of parent companies requirements whilst ensuring and adherence to Group Financial Policies of both parent companies.

Ensuring and encouraging best accounting practice and policies adhere to by all section finance team, and also for my own core division whilst completing the monthly consolidated financial results for the project as well as for the core division. Direct budget responsibility of Core Division ensure that costs are minimised. Ensure that the month-end adjustments are made correctly.

Since I was the first one being employed after finance director I worked with commercial, legal and technical team to ensure that contract was effectively structured, risk mitigated on each section of work and costs are modelled, analysed appropriately. Identify risk and opportunity on the reviewed project.

Provide financial support in modelling,re-charging, negotiations and their decision making process especially on variations invoices amounted to £15m to £25m on one of the contract.

Prepare and produced monthly consolidated Balance Sheet/Cash Flow Forecast and maintained various other analysis for the parent companies as well as client requirements ensure that there are no surprised at the year-ends since each month is treated as yearend. Controls established and ensure there are minimum risk of fraud and loss in line with corporate governance requirements and IFRS policies.

Preparation of Statutory/ Tax pack and PSA Liabilities for Balfour Beatty and Skanska Head Office and year consolidated project results. Also, prepared annual budget of SBBM25JV (M25DBFO) for BBCEL for BB head office.

Review and completion of consolidation, timely and accurate financial information from Core Division. Challenge and validate all financial number before consolidation to the relevant commercial/finance team. Strong relation with Commercial Dir/Mgrs.

Provide financial statements and key information to the partners (Parent Companies) and clients including CPI/SPI on a strict deadlines. Responsible of quarterly financial forecast and annual budget for Skanska and Balfour Beatty respectively our parent companies.

Assist management in developing accurate cost estimates (at completion) Input to and support sales department at the tender stage. Review and assist the front-end. project management process. This includes reviewing cash flow implications of proposed commercial terms..

Detailed project analysis 26 columns – comparing actual costs against budgets and analysing and reporting major variances. Fundamentally, this involves ensuring that all the actual costs booked to the project are valid and complete, and that the financial controls are adhered to .

Month end accruals for all sections and various costs analysis for Commercial and Finance Team. Presentation of core division numbers to the Project Finance/Commercial, Construction and Managing Director.

Ad-hoc responsibilities includes, 1. quarterly VAT Reconciliation and submission of VAT Returns on line under my log-in and password. 2. Dealing with Internal Auditors of Skanska and Balfour Beatty and also External auditors, KPMG. Dealt with HA team on their cost capture audit. 3. Training and support to other finance/admin team at the site and head office level.4 Key Dash Graphs and Statistics for Board and Financial Statement Pack. 5 Initial set up of Fixed Assets Register and passed on to admin team to maintain. 6. Assist project finance director on BMS finance manual and GAP analysis. 7.Reviewing/maintaining financial delegations and limits of authority within the project.8.Management of Capital Expenditure/fixed assets where appropriate.9.Authorisation and actioning of all payments.

Initially responsible of setting up the WBS, in line with Tender Allowances. Involved system set up and site compound. Initial setting up of sections finance and admin team with SBBJV Project Director.

Monthly EVM reporting to Highways Agency on a 3rd day after the preset closure dates. Consolidation of project results and production of 3day KPI. The reporting consist of CPI and SPI for each sections and consolidation of over all results at the and project level. It also includes Risk, Inflation analysis and Cost to Come reports.

Not only the Budget and Forecasting at the project level but also budget for Parent Companies like Balfour Beatty and Skanska for their share on the particular project. Also, included Highways Agency share ( Secretary of State Share) since this was a fixed term contract with cost sharing saving arrangement with SoS. Assist management in developing accurate cost estimates (at completion).

Once the Construction Level results have been finalise after all review meetings have taken place by each sections, report writings and a complex provisions calculation is carried out includes A. 30 years maintenance contract, B. Risk and Inflation C. liquidated damages and D. Cost Sharing Savings Arrangements provisions.

Key Interacts and Relations:

Sectional Financial/Commercial Admin Team

Sectional Project Board of Directors

Members of the Balfour Beatty Divisional Finance Team

Joint Venture Board of Directors

Bankers/Financial Institutions.

VAT Inspectors – Large Business Stream, Manchester Office

Internal Auditors of Parent Companies, Balfour Beatty & Skanska

External Auditors – KPMG/Deloitte

Retail Financial/Management Accountant: November 2005 – August 2008

Shelter - The National Campaign for Homeless People – London EC1V 9HU

Shelter is a charity organisation with turnover in excess of £45m. Shelter Trading Ltd (STL) is a profit making subsidiary of Shelter consist of retail shops and trading division. It has 90 shops through UK and home counties projected to increased to 150 by end of 2008. It has turnover in excess of £7.5m. I was employed as Trading/Retail Accountant with support of the Retail Accounts Assistant and operational staff, to provide a comprehensive financial service to cover requirements of STL staff, Board of Director/Trustees and Finance Committee.

The main responsibilities of the role:

1. Manage the statutory accounts process for Shelter Trading Ltd (STL)

Prepare year-end statutory accounts in accordance with guidance of STL explaining y/e procedures and detailing key deadlines and requirements

Prepare year end files with TB's, lead schedules and other supporting data for auditors ahead of year end audit. Prepare statutory accounts in accordance with good accounting practice. Prepare roll forward draft accounts and agree expected new disclosures with auditors before year end.

2. Manage the accounting function for STL (Shops and Trading)

Review weekly payments including scheduling SUN payment proposals for weekly payment runs and authorising individual payments in web based banking system.

Producing accurate management information reports (weekly, monthly and quarterly) for the board and line managers.

Prepare service level agreement for the main STL activities each budget year and liaise with staff on timetable and requirements.

3. Manage the Balance Sheet for STL and Consolidation with Shelter

4. Set up regular liaison meetings with STL’s managers/Board of Directors

5. Quarterly VAT Returns, Corporation Tax and other Year-end returns

6. Work with the Financial Controller in developing the accounting system

functionally. Implementation of new EPOS systems for shops

income/expenditure and stock system. EPOS system appear robust and represent

an improvement on the paper system of reporting.

7. People management- manage, develop and support retail account staffs

8. Liaise with Bankers and internal/external auditors. (Deloitts)

9. Demonstrating strong financial accounting and reporting experience, a hands on

approach and a proactive attitude towards problem solving, an enthusiastic

individual with the ability to build cross-functional relationships

Group Financial Accountant: December 2000 - November 2005

McNicholas Construction (Holdings) Ltd, WD6 3EA.

McNicholas Construction has several divisions with a combined turnover in excess of

£250m. Core divisions were Cable Communications, Civil/Mechanical Engineering, Power, Gas and Northern Ireland. Non-Core divisions were Holdings Co, Leyden Transport, McN Supplies Wheldons and international companies Zweva, MAF, McN Inc. USA.

I joined McNicholas as project accountant for MAF (EPC) Pipelines Ltd, a joint venture with German and Danish partners. The company had a contract with Transco to build under ground gas pipeline with a turnover in excess of £30m.

Role and responsibilities:

Prepare contract summary and work in progress. Analysis and reporting of contract profitability. Liaise with quantity surveyors, management of WIP of several contracts and billing to clients.

Production of accurate, timely and relevant monthly reports on contract financial performance for the group. Full management accounting for major contract. KPI’s Analysis on a monthly basis.

Production of accurate and timely quarterly rollover forecasts and budgets. Advise and support to budget holders. Assisting in the preparation of annual budget packs.

Revised budget and forecast as necessary for the company I was responsible for.

Actively drive working capital to minimum levels.

Company’s statutory returns of HMRC incl. VAT/PSA & P11Ds. Collected around £489k on VAT reclaim for past several years overpayments by the company. All claims successfully dealt with which was praised by board of directors.

Liaise with external/internal auditors at all times,

Advise to line managers on financial issues. Monitor on monthly financial statements and variance analysis.

Complex reconciliation including a huge NTL debts collections project which consisted of unfinished work carried out going back from the year 1999 thus amounting to debts of £3.2m plus interest of £880k. All debts were subsequently paid for and interest was settled to £780k by NTL.

Once this contract was complete I was given position of Group Financial Accountant position.

Group Financial Accountant.

All aspect of accounting and financing functions to statutory levels and producing complete management and financial information to the board of directors and line managers. Liaise with bankers (RBS) and auditors (Grant Thornton ; Tenon UK)

To produce Group’s consolidated profit and loss accounts and balance sheet on a complex grid. Full charge of company’s capital expenditure and fixed assets register on Hardcat Asset Management module. Reconciliation of fixed assets and schedule out on a statutory format each month.

Agreeing inter-co balances on a monthly basis. Year-end statutory pack for FC. Consist of Operating/Finance Lease, Director’s emoluments

Ad-hoc dormant subsidiaries companies responsibilities.

The Dorchester Hotel Ltd, 53 Park Lane, London, W1A 2HJ

Management Accountant – May 1991 – July 1999

The Dorchester – world renowned hotel, privately owned. It has 250 rooms and 6 restaurants, banqueting functions rooms and full room service facilities. Approximately 600 staff turnover in excess of £50m.

I Prepare monthly Financial Statements from computerised ledgers and subsidiary ledgers, ensuring that all the entries to such accounts are properly audited, reconcile all balance sheet entries on a monthly basis, correct incorrect data as appropriate.

Assist with the preparation of annual budgets and monthly forecasts.

Supervise all functions within the revenue cycle and ensure that all related personnel are properly trained and their performances evaluated in accordance with guidelines set by the hotel.

I act as the primary point of contact with all other departments of the hotel in so far as they relate to finance functions.

Maintain subsidiary ledgers and working files to assist with, and make recommendations for, the apportionment of expenses and accruals on a monthly basis.

To ensure that all revenue and daily reports are correctly prepared and audited to reflect an accurate statement of the hotel’s performance.

To ensure that all charges posted to Accounts Receivable are in accordance with the hotel credit policy and are billed to the clients on a timely basis.

To take note of hotel management requirements with regard to the presentation of financial information and commentary, amend reports to reflect such requirement where deemed appropriate by the controller.

To identify training needs of subordinates, schedule training and monitor progress.

Conduct training sessions for both subordinates and other department employees for induction and familiarisation.

Functional skills man management and tax legislation as applicable.

Job requires high level of initiative and inquisitiveness.

To maintain high rate of work output without being distracted from the open plan office environment; work under pressure to meet deadlines set for the revenue distribution on the first day of the month and financial statements on the fifth day of the month.

Prepare monthly forecast of Profit & Loss and BI-weekly cash flow forecast.

Quarterly VAT returns and government statistics as required.

Daily bank reconciliation of four banks accounts including Citi Bank New York in US dollar.

I deal with our professional advisors and government Department e.g. lawyers, insurance companies, auditors (KPMG) and the Inland Revenue, Customs & Excise and our bankers. I report to the Assistant Financial Controller to accounting and financial matters.

Financial Controller : 1988 – 1991

Hyde Park Residence Limited – Park Lane, London, W1

Internal Auditor: 1984 – 1988 – 1980 – 1983 ( Accounts Assistant )

Booker Plc, Malt House, Eastcote, Middx, UK

The audit work I performed was the company’s Food Distribution Division, which supplies food through cash and carry and distribution depots. This involved work on location at the branch and then follow up report writing at the Head Office.

SYSTEM EXPERIENCE :

SITEMAN / ICON – Cost Data Capture and Reports / Financial Module. GL,SL,PL Sub-

Contract Ledger also includes Balances Sheet

ORACLE - Finance/Accounting Module

SUN / VISION - Finance/Accounting Module / Vision Excel/Exec. Reporting Tool

EPOS / Hardcat – Electronic Processing System / Fixed Asset Management

SAP - Finance/Accounting Module – Finance Reporting

SAGE - Finance/Accounting Module – Mainly used for payroll

MICROS/FIDELIO - Hotel/Catering Software. Front/Back Office system

IBIS / KCS - Plant & Vehicle Hire System / Payroll system incl. P11Ds Software

HIS GPD - Hotel Information Services / Great Plains Dynamic/FRX for Reports

Major Training

MS Access for Fixed Assets database.; Supervisor Development Program – One Week

Financial Management Program – 1 year at Booker Plc

Time Management Program ; In-House – Report Writing & Presentation Skill ( 3day)

Computer Software Training MS Dos 5 – Introduction & Work shop

Mainframe Training – AS400

Educational Qualification

ACCA – 1979 – 1984

Bachelor of Commerce - 1978

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