Oracle Financials 11i
Dipti Shah
Chartered Accountant, CPA
Bengaluru
Summary
High potential finance and accounting professional with excellent analytical and system skills. Driven and dedicated individual with over eighteen years of global experience in accounting, auditing, financial reporting and analysis.
Overview
23
23
years of professional experience
2
2
Languages
Work History
Co-Founder
Anabio Technologies
06.2018 - 12.2022
- Involved in set-up of company in India
- Oversaw accounting, financing and auditing functions
- Core member of fund-raising team thereby successfully raising seed funding
- Responsible for all budgeting and forecasting of financial models, setting up financial policies and accounting systems
- Involved in risk assessment procedures, strategy and business planning
- Spearhead audits and tax compliance procedures
Manager – Military Engines Accounting
Pratt & Whitney
05.2017 - 04.2018
- Company Overview: (United Technologies)
- Involved in Military Engines Aftermarket contracts’ analysis required for the implementation of new revenue recognition standard
- Identified and implemented changes in SAP to account and report per the new ASC 606 guidelines for major Military programs adopting over time model of revenue recognition
- Involved in identifying process control issues as part of SOX procedures and implementing mitigating controls
- Researched new/unique transactions and determined their accounting in SAP working with cross functional teams in Military Engines Finance
- Implemented new process to report Military engines Backlog by program that included data mining and research within SAP, analytics and reconciliation and identification of process issues
- Responsible for monthly and quarterly close activities including Estimate-At-Complete analysis, quarterly variance analysis, Gross Margin analysis, Account reconciliations and management presentations
Specialist – Engine Services Accounting
Pratt & Whitney
03.2014 - 04.2017
- Involved in Aftermarket contracts’ analysis required for the implementation of new revenue recognition standard
- Identified and implemented changes in accounting for special kind of inventory (life limited parts) per the new revenue recognition guidelines
- Involved in system/process integration for fixed hour agreements and operations related special projects as assigned
- Researched new/unique transactions and determined their accounting in Service Programs systems
- Identified and implemented process improvements by working with IT council that cut the process time into half
- Responsible for monthly and quarterly close activities and Service Program’s systems reconciliation to SAP and HFM
- Liased with Internal and External Auditors, Financial planning team, Engine Services, IT, External Vendors(for outsourcing), Consultants and other departments in Controllers’ group
Senior Financial Reporting Consultant
SS&C Technologies
12.2013 - 03.2014
- Assisted with the preparation of financial statements including footnote disclosures in compliance with GAAP and IFRS
- Responsibilities also included preparation of audit work papers, providing documentation & explanations
Accounting Manager
Waste Management
07.2010 - 04.2012
- Managed and oversaw overall general accounting, system controls and financial reporting
- Directed and supervised monthly, quarterly and yearly close process, financial reporting, consolidation of financial statements, account reconciliations, intercompany reconciliations and expense variance analysis
- Managed the effort to transition to automated reporting through the use of reporting software and standardized monthly reporting schedule
- Dealt with high volume of unfamiliar and complex transactions related to revenue recognition, commission expense, intangibles, grant reporting, rebates, foreign exchange etc
- Responsible for customer revenue & cost analysis, researching reasons for significant fluctuations and its presentation to the management
Senior Accountant
Waste Management
03.2009 - 06.2010
- Financial Reporting and Analysis
- Managed and oversaw overall general accounting, system controls and financial reporting
- Directed and supervised monthly, quarterly and yearly close process, financial reporting, consolidation of financial statements, account reconciliations, intercompany reconciliations and expense variance analysis
Senior Auditor
DELOITTE
04.2006 - 08.2008
- Company Overview: Audit & Assurance
- Performed statutory audits and tax audits of manufacturing companies under generally accepted accounting and auditing principles
- Prepared audit reports, reviewed audit work papers and confirmed proper presentation of financial statements
- Performed internal audits, which included reviews of risk and internal control policies of corporations and provided reports highlighting areas of improvement and cost control
- Performed limited reviews of quarterly and annual unaudited financial statements as required by SEC protocols
- Researched new accounting standards and pronouncements to provide guidance for their implementation
- Performed due diligence and post-acquisition integration reviews
- Developing and maintaining client relationships and assess client satisfaction
- Year round follow up with client, supervising fieldwork and monitoring team performance
- Audit & Assurance
Financial & Accounting Analyst
VODAFONE
09.2002 - 03.2006
- Prepared monthly financial statements per Indian GAAP and converted them in accordance with US GAAP and Hong Kong GAAP
- Revenue accounting and assurance - Monitored the integration of billing system, accounting system and network to ensure minimal revenue leakage
- Responsible for creating and managing the expense process on a day to day basis and annual expense plans in co-operation with departmental heads
- Sarbanes Oxley Act compliance (SOX) - Evaluated and prepared flow charts for various processes.
- Responsible for computation of income taxes, deferred taxes and taxable income month over month
- Analyzed proposed capital investments and initiated the net present value/return on investment process
- Involved in Oracle Financials full life cycle implementation
- Queried Oracle database for various reports to check proper integration of different modules, reconciliation of accounts and adjustment of contra account entries
- Assisted in developing budgets and financial forecasts for revenue, expenses and taxes
- Assisted in implementation of new accounting standards
- Involved in day-to-day accounting activities, monthly/yearly closing, preparing adjusting/correcting journal entries, reconciling accounts and intercompany reconciliations
Accounting Intern
DHARIWAL & ASSOCIATES
08.1999 - 07.2002
- Performed audits for banks, private companies and partnership firms
- Taxation - prepared tax audit reports, returns and client assessment reports for representation at income tax appellate and tribunals
- Prepared project reports for clients for funding from various financial institutions and banks
- Assessed internal controls and performed systems audit
Education
Certified Public Accountant -
AICPA
USAChartered Accountant -
Institute of Chartered Accountants of India
Bachelors in Accounting - undefined
Gujarat University
Skills
Strategic planning and budgeting
Risk assessment
Technical accounting
SOX procedures
Financial analysis
Internal and External Audit
Monthly close procedures
Process improvements
Analytical and Management skills
Software
SAP
Great Plains
Peoplesoft Financials, HFM
Microsoft office suite
Timeline
Co-Founder
Anabio Technologies
06.2018 - 12.2022
Manager – Military Engines Accounting
Pratt & Whitney
05.2017 - 04.2018
Specialist – Engine Services Accounting
Pratt & Whitney
03.2014 - 04.2017
Senior Financial Reporting Consultant
SS&C Technologies
12.2013 - 03.2014
Accounting Manager
Waste Management
07.2010 - 04.2012
Senior Accountant
Waste Management
03.2009 - 06.2010
Senior Auditor
DELOITTE
04.2006 - 08.2008
Financial & Accounting Analyst
VODAFONE
09.2002 - 03.2006
Accounting Intern
DHARIWAL & ASSOCIATES
08.1999 - 07.2002
Bachelors in Accounting - undefined
Gujarat University
Certified Public Accountant -
AICPA
Chartered Accountant -
Institute of Chartered Accountants of India
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