Chintan Shah
Mumbai
Summary
- I am Chartered Accountant with 9+ years of experience in multinational firms in the area of technical accounting specifically in IFRS and US GAAP. I have working experience on IFRS 15, ASC 606, IFRS 9, IAS 21 , and ASU 326 CECL end to end.
- Experience in working 10Q/10K SEC reporting filings.
- Process Automation and transformation in the area of ASC 606 , Order to Cash and Inter company process. Process improvements related to SOX controls in the area of Revenue Accounting and Order to Cash process.
- I have completed IFRS training from IMS ProSchool as well as EY and pursing IFRS certification of NSE.
- I have gained experience of setting up a shared service team in Revenue Accounting and O2C department.
- I am Pursing US CPA to gain more expertise over Technical Accounting and use the experience to work in organization where we can grow together.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Senior Manager Revenue Accounting
Birdeye Inc
Mumbai
01.2024 - Current
- Handling the end-to-end order-to-cash process, specifically for revenues under ASC 606 and CECL under ASU 326.
- Contract reviews , fair valuation and recognition of revenue.
- Writing the revenue memo & paper for Board.
- SEC reporting for Revenue & CECL.
- Creation of formats and uploading revenue related data between multiple systems.
- Improving the accounting process issues resulting over $1M savings annually for company.
- Implementing SOX controls in process.
- Leading Multi subsidiaries Audits for O2C.
- ARR reporting and MRR reporting for management.
- reconciliation between ARR & GAAP revenue under ASC 606.
- Building team from scratch.
- Integration between Systems to ensure O2C process functions smoothly.
- Review of PP&E , Intangible Asset Accounting and improvement in process.
- Helping to draft Long term & Short term lease Accounting under US GAAP reporting.
Order to Cash & Revenue Assurance Manager
YouGov Plc
Mumbai
08.2021 - 01.2024
- Leading team of 13 people in entire O2C and Revenue Assurance process.
- Making company compliant with IFRS 15 , IFRS 9 and IAS 21 point of view.
- Determination of Standalone Selling price and fair valuation template.
- Writing revenue paper for deal above 0.5M and revenue papers for board.
- Implementation of Global Inter company process.
- Transition of Global Revenue Month end process.
- Transition Global billing & Cash Application process for 5 global regions.
- Setting up forex impact during collection and balance sheet reporting period.
- Automatic cash application through CITI Smart Match tool.
- Setting up monthly Unbilled & deferred revenue balance review.
- Standardization of regional billing and collection process into global process.
- Kick off for global O2C Policies (Billing , Cash , Revenue , Inter company) and updating time to time.
- Development of SOX controls in O2C and Revenue process and bring efficiencies in team.
- Implementation of VAT / GST automated tool for billing process.
- Cleaning the balance sheet for aged unbilled and deferred balances.
- Estimating team capacity requirement and involvement in hiring process.
ASSISTANT MANAGER - Revenue Accounting
Discovery Channel (Warner Bros. Discovery)
Gurgaon
12.2019 - 08.2021
- Managed and archived quality documentation and participated in internal and external quality audits.
- Closing Books of Accounts on Monthly basis from revenue side by following IFRS 15, Ind as 115 and ASC 606 for multiple legal entities of APAC.
- Reading contracts and determining revenue models, performance obligations, allocation of transaction price by doing fair valuation as per IFRS 15 and ASC 606.
- Fair Valuation of deals having complexities like finance cost , lease accounting , free value of goods , loyalty points etc.
- Barter Accounting as per ASC 606.
- Gross v Net reporting as per ASC 606 / IFRS 15.
- Expected credit loss provision (New IFRS 9) adoption.
- Current expected credit loss model (CECL) as per IFRS 9 and ASC 326.
- Preparation of Bad debt summary and reviews with CFO.
- Preparing various balance sheet disclosure requirements like transaction price allocated to remaining performance obligations , Bad debt movement , debtors aging schedule etc.
- Revenue estimation /forecasting working for Fixed price and variable contracts.
- Deferred revenue movement , Cash basis revenue and CECL movement analysis for SEC reporting purpose.
- Monthly reporting and variance analysis for movement in revenue recognized.
- Preparation of monthly balance sheet reconciliations.
- SEC reporting on Quarterly basis.
- SOX audit, internal audit and statutory audit assistance.
- Impairment of financial instruments as per IFRS 9 and ASU 326 including COVID impacts.
- Preparation of Fair Valuation template for all FP&A leads
- IND AS Migration assistance with respect to IND AS 115 and 109.
- Clearing Old non moving legacy balances with end to end deal level reconciliations.
- Transformation projects.
- Preparation of New SOP and timely updating of the same.
SENIOR EXECUTIVE FINANCE
Wipro Limited
Bangalore
04.2017 - 11.2019
- Closing books of accounts on monthly basis by following IFRS 15, Ind AS 115 and ASC 606 principles.
- Contract Analysis - Identifying performance obligations, determining transaction price and doing fair valuation of multi element deals.
- Order booking on Quarterly basis.
- Working out remaining performance obligation in compliance with IFRS 15.
- Pricing and deal structuring of complex deal worth more than $500 MN involving asset leasing , free products , variable discounts etc.
- Order booking , Invoicing review and collection review for BFSI vertical.
- Sox Audit, Internal Audit and Statutory Audit compliance.
- Team Building and Managing team of 9 people.
- Transformation projects - Automation of revenue trend analysis with Tablue.
- Revenue variance analysis on monthly basis.
- Achieving Best BU award for BFSI vertical.
- Monthly MIS and reporting.
ARTICLE ASSISTANT
N Gamadia & Co | Ahmedabad
09.2013 - 09.2016
- Day to Day accounting and auditing.
- Handling Internal Audits Portfolio with Astral and Landmark Group (Listed entities).
- Income Tax returns and Scrutiny matters.
- ROC compliances.
- TDS returns.
- Project Financing.
- International Accounting.
Education
Chartered Accountant - Accounting
ICAI
India09.2016
CPA - US -
AI CPA
B.com - Accounting , Finance And Auditing
Gujarat University
2015
HSC -
SNGV
2012
SSC -
SNGV
2010
Skills
- IFRS 15 and ASC 606
- IAS 21
- IFRS 9
- CECL - ASU 2016-13 (ASC 326)
- SSP analysis for Revenue Accounting
- 10k/10Q SEC reporting
- Order to Cash
- Citi Smart Match Automation
- Balance Sheet reconciliations
- Financial Statement disclosure
- SOX Audit
- Complex Pricing
- Inter Company transactions
- Documentation
- Team Building
- Global Process Transition - O2C & Revenue
Educational Qualification
- Qualified Chartered Accountant (India) - First Attempt throughout.
- Pursing CPA (US - Washington DC) - BEC & FAR Passed in First Attempt , AUD & REG in progress (expected to complete in 2025)
- Graduate in B.Com (Accounts) (Gujarat University India)
- EY IFRS Certified.
- IMS Pro School IFRS Certified.
Certification
IFRS Certification by IMS Pro School
IFRS training by E&Y
Strategic thinking.
Software Proficiencies
- SAP
- NetSuite
- Recurly
- Blackline
- CRM
- Tally ERP 9
- MS Office
- On Spring - Internal Control tool
- CITI Smart match
- Quickbooks
- Xero
Personal Information
PERSONAL INFORMATION
Date of Birth : 03rd February, 1995
Nationality : Indian Hindu
Marital Status : Married
Languages
English
First Language
Hindi
Proficient
C2
Gujarati
Proficient
C2
Accomplishments
- Promotion with in 10 months by making Company IFRS compliant.
- Idea of making threshold for contract review at Discovery Communication -Awarded by Chief Accounting Officer.
- Idea of Automating and closing smooth books in revenue was awarded by CFO of Wipro Limited.
- Brought BFSI BU as best BU in Wipro Limited.
- Clearing Old non moving Inter company balances in Discovery.
Timeline
Senior Manager Revenue Accounting
Birdeye Inc
01.2024 - Current
Order to Cash & Revenue Assurance Manager
YouGov Plc
08.2021 - 01.2024
ASSISTANT MANAGER - Revenue Accounting
Discovery Channel (Warner Bros. Discovery)
12.2019 - 08.2021
SENIOR EXECUTIVE FINANCE
Wipro Limited
04.2017 - 11.2019
ARTICLE ASSISTANT
N Gamadia & Co | Ahmedabad
09.2013 - 09.2016
Chartered Accountant - Accounting
ICAI
B.com - Accounting , Finance And Auditing
Gujarat University
HSC -
SNGV
SSC -
SNGV
CPA - US -
AI CPA
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