HIREN SHAH

FINANCE ACCOUNTS COST ANALYSIS P&L SAP R/3 FICO PAYROLL MANAGEMENT

Mobile – 974-******** + 974 – 50856134 Doha, Qatar add8ws@r.postjobfree.com

Linkedin www.linkedin.com/in/hiren-shah-72600518

Cost Analysis Balance Sheet Accounting Process Migrations Ledger Controlling Inventory Management Expense Analysis Cash Flow Management Audit Management

PROFESSIONAL EXPERIENCE

Total 13+ years of experience in Finance/ Accounts in India w/ 6+ years of Overseas Experience in Big MNC Banks & startups.

Proficient in SAP R/3 Fico Module, MM Module, Khalix, Hyperion, Tally ERP 9.0, and Oracle Financials.

Skilled in Cost Analysis, Balance Sheet accounting, MIS & Finalization of Accounts.

Successfully streamlining finance and accounts operations.

Process Migrations, Ledger controlling & Inventory Management.

Handling Purchases, Expense Analysis & Cash flow, and Fund flow management.

Excellent Organizational leadership and analytical skills and ability to develop and implement innovative ideas that accomplish bottom-line results

Implementing Quality Management Systems & Handling Auditing (Internal & Statutory).

CAREER HIGHLIGHT

Last 7+ years working as an Accounts Manager, Cost Controller in various firms at Qatar, Nigeria, South Africa, Bahrain

6+ years’ as Cost Analyst at Royal Bank of Scotland (RBS) & ABN AMRO Bank Lower Parel, Mumbai.

2 years’ as Accounts Executive at MSC Agency (India) Pvt. Ltd. (Shipping Company) Fort, Mumbai.

4 years’ as Accounts Executive at Sodexho Pass Services (I) Pvt. Ltd., Goregaon, Mumbai.

WORK EXPRIENCE

Implementation Officer 2019 - Current

Solution ERP., Doha Qatar

Setting up of ERP system for the Client.

Design & Create COA's (Chart of Accounts as per client's requirement)

Create Inventories in the system & create a user-friendly environment for the client

Provide ERP application support for all users across the firm (customer).

Monitor and identify problems in the ERP system every day.

Assist Finance and Operational departments to train and instruct users concerning their specific day-to-day problems.

Accounts Manager 2018 - 2019

Image Contracting and Trading Co., Doha Qatar

Handling Overall Accounting from Booking until Finalization of Accounts.

Preparing on Daily Basis Cost Sheet for All project sites and consolidating the Timesheets and numbers on weekly basis to get overall production and income status.

Preparing Salary of the entire 3 sister firms of all Labours, Staffs and transferring to Bank accounts after approval from GM. And also verifying and booking all the projects expenses and other related bills in the system and preparing outstanding collection statement.

Prepare Costing MIS for all the projects, Updating Production and verifying Debtors Outstanding Statement on daily basis.

Preparation of Annual Financial Statements, Balance Sheet, Profit & Loss Accounts.

Working continuously on reducing cost by getting quotes from different vendors with credit policy terms.

Budget & Cost Controller 2017–2018

Compass Catering Services W.L.L., Doha Qatar

Working currently on SAP R/3 (FICO Module) ERP Software and handling Overall accounting and Invoicing for Hamad medical city hospital project.

Applying accounting knowledge and techniques to all areas of work including the production of journals, routine costing and analysis. Also analyzing inventory cost in order to minimize food cost and maximize profit.

Performing cost calculations as required by the budget holder or Managers using spreadsheets.

Raise purchase orders; liaise in coordination with stores & Management for all purchases and to report budgetary variations / Impacts.

Maintain the records of consumable data, support on monthly/unplanned stock check & inventories.

Monitor & record petty cash floats, to submit the cash flow details to finance department on the timely basis.

Providing timely P&L and to provide additional financial reports as required making management aware of budget variances.

Manager Accounts 2016–2017

Dana Pharmaceuticals Ltd. (Dana Group, Lagos Nigeria)

Scrutinizing and approving Sales Invoices of Hospitals, Distributors and Medical representatives as per there credit terms and COD terms. And Feeding Price List in the system Tally ERP 9 and performing Inter Company reconciliations.

Scrutinizing and approving IOU and other expenses vouchers as per company’s policy.

Controlling overall Cash/Fund management of the Group and scrutinizing all the petty cash entries posted by all the Group Companies.

Handling all the Quarterly Audit with timely delivery of reports, Trial balance, P&L and Balance Sheet.

Preparing Debtors Ageing, MIS reports for Inventory and Cash & Fund flow report.

Preparing Daily, Weekly & Monthly Reports Manifest, Fund flow, Stock Valuation and other Reports as per request by the Directors.

Assistant Manager Accounts 2015-2015

KGK Diamonds SA Pty Ltd (Johannesburg, South Africa)

Preparing Management Information report of goods polished, rough under process, sales, purchase and carats reconciliation & maintaining books of accounts & monthly payroll.

Inventory management and following with the clients for collection and internal audit of the manufacturing and trading of diamonds goods.

Preparing monthly P&L and Balance Sheet for review of the Directors. And preparing Debtor’s Ageing, MIS reports for Inventory and Cash flow report. And verifying all the Banks Transactions and approving in the system.

Perform surprise cash scrutiny & conduct physical inventory of stocks at the store to check existence of stocks and accuracy of recordings.

Accountant / Stores / Purchase Supervisor 2013-1015

Komandor Middle East W. L. L. (Member of Arcal & Universal Aluminum Group), Bahrain

Prepare Management Information Reports (P&L, Fund Flow statements, Collections Reports, Projects costing reports). Also preparing monthly payroll for worker & Staff employees, Verifying and update for adjustments or deductions.

Handling of Petty Cash, booking petty cash expenses and booking Non-Inventory cash purchases.

Handling Local Purchases preparing LPO’s & Booking of GRN’s, Keeping track of Inventory by periodical stock evaluation, Booking Inventory Purchases.

Collecting cash received from Showrooms cash sales or advances and depositing in Bank.

Posting Journal entries towards monthly provision (Accruals), prepayments and monthly closing entries & Preparing Bank Reconciliation also update the fund position on daily basis

Sr. Accounts Executive 2012-2013

Raffa Construction and Maintenance Co. W. L. L. (RAFCO), Bahrain

Making payments of salaries and looking after payroll of overall staffs, engineers & labors working on Project and entering payroll entries in the system. Scrutiny of vouchers & feeding of timesheets of the workers on projects into the system. And handling day-to-day petty cash expenses for overall projects also booking the same in the system.

Making payments to suppliers after confirming & scrutiny of purchase orders and delivery challans.

Booking all bank related payments and other expenses after identifying the project cost centers.

Monitor and coordination of all accounting activities.

Preparing Salary statement, Bank Reconciliation, Outstanding List for Creditors & Debtors.

Cost Analyst 2006-2012

Royal Bank of Scotland Group (RBS Business Services Pvt. Ltd.) - Lower Parel, Mumbai

Job Responsibilities :( As a part of) UK Cost & Management Information Reporting team.

Ensuring that Month-End Processes are completed to comply with Head Office Reporting timetable.

Preparing Month-on-Month variance analysis of assigned areas and provide commentaries and Prepare cost base & flash reporting for all areas serviced to UK prior to cost being closed for each month.

Prepare recharge invoices for UK, & other regions for FICM Business area and booking the same in Sap R/3 after getting confirmation from VAT department.

Posting Manual Cost Allocation Journal in SAP to make charge services cost to Front Office.

Creation of Internal Orders, Project setup & Settlement rules in SAP R/3 for Amsterdam (NL).

Keeping Control check & Uploading Accruals, Prepayment & Re-class journals in SAP R/3 for UK & RBS Finance. Also Reconciling Figures in Sap R/3 with Essbase & verify for any top-level adjustment booked in system and taking the effect in Sap.

Monthly Finalisation & Reconciliation of numbers of GL Accounts in Trial balance.

Booking of provisions in foreign currency transactions USD, EUR, GBP, SGD and HKD & transfers in Oracle.

Worked & successfully migrated the P & L Month end process from SAP System to ORACLE (Financial) system for Hong Kong Process to India offshore.

EDUCATION

PGDFM, Post Graduate Diploma in Finance Management Oct‘10

Symbiosis Center of Distance Learning (SCDL), Pune, Maharashtra

Bachelor, Commerce Apr’96

Shri Bhausaheb Vartak College of Arts Science & Commerce, Mumbai, Maharashtra

PROFESSIONAL CERTIFICATIONS

Diploma in GST from GST Center. Sep’18

Business English certificate preliminary with merit from University of Cambridge–UK. Jun’10

Certified in Finance Program Module1 from ABN AMRO BANK (ACES). Aug’07

Certified Six Sigma White Belt scholar from ABN AMRO BANK (ACES). May’06

Training Course in Advanced Excel from Aptech Computer Education. Oct ‘05

Master’s Diploma in Software Engineering (M. D. S. E.) from Aptech Computer Education. Sep’99

ACHIEVEMENTS

Awarded with ACES Bravo awards towards identifying wrong process being followed in the last 4 years, which was affecting P&L at RBS (Royal Bank of Scotland).

Pivotal in saving company’s funds by 1.5 Million INR being wrongly paid to third party rather than original vendor.

Introduced very fresh look by formatting & automation of MIS reports previously sent to Finance Directors team at UK & automated Accruals Ageing Reports.

Worked and handled the process alone with Adhoc request towards closure of 600 internal orders in absence of a colleague was much appreciated by my onshore and Client Service Rating of above expectations received from onshore in GSVM process.

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