Milan Shah
Chartered Accountant
Ahmedabad
Summary
Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
17
17
years of professional experience
Work History
Shared services head FC&A (tower lead)
Reliance Retail limited
Navi-Mumbai
04.2023 - Current
- Spearheaded the establishment and management of shared service functions for finance operations in fashion and lifestyle business of Reliance Retail limited.
- Implemented streamlined financial processes, resulting in increase in efficiency and a reduction in operational costs.
- Oversaw a team size of 75 finance professionals by providing leadership, mentorship, and training to ensure high-performance standards.
- Collaborated with cross-functional teams to align financial strategies with business objectives, contributing to improvement in overall company profitability
- Demonstrated a high level of initiative and creativity while tackling difficult tasks.
- Paid attention to detail while completing assignments.
Regional Finance Head
Reliance Retail Limited
Ahmedabad
07.2019 - 03.2023
- Review Profitability of stores and work for cost reduction and cost control
- Monitoring of vendor payments for merchandize delivered to Distribution centre, Direct store deliveries, purchases of Fruits and Vegetables
- Vendor reconciliation and obtaining NO DUE certificates on Quarterly basis
- Monitoring Cash and banking activities
- Ensure smooth operation for Daily deposition of cash and ensure 100% collections of credit card transactions
- Discussing audit observation with operations team and ensure improvement of process at stores
- Ensure Compliance for NEW Store Opening activities
- Ensure availability of all statutory licenses and monitoring Food Safety and other compliances on regular basis
- Oversee Regulatory function ensure timely renewal of licenses, Replies to legal notices etc
- Deal with Insurance surveyors and ensure 100% claim settlements in favor the company
- Training of development of store commercial staff.
State Finance Controller
Reliance Retail
07.2012 - 06.2019
- Monitoring Cash and banking activities
- Ensure smooth operation for Daily deposition of cash and ensure 100% collections of credit card transactions
- Discussing audit observation with operations team and ensure improvement of process at stores
- Ensure Compliance for NEW Store Opening activities
- Ensure availability of all statutory licenses and monitoring Food Safety and other compliances on regular basis
- Oversee Regulatory function ensure timely renewal of licenses, Replies to legal notices etc
- Deal with Insurance surveyors and ensure 100% claim settlements in favor the company
- Training of development of store commercial staff.
Manager payable accounts – Rental and Other payments
Reliance Retail – Head office
10.2010 - 06.2012
- Monitoring of Non-merchandise payments including expenses for Rent, Common Area Maintenance and Property Tax for entire India for more than 1200 stores
- Ensure all payments are done within TAT of three days
- Preparing Variance analysis reports on monthly basis for Rental expenses, common area maintenance etc expense for Management with reasons of variances
- Ensuring adequate internal controls are in place so that errors in payments to vendors are avoided
- Budgeting of expenses for preparation of Annual Operating Plan
- Ensuring accurate provision of expenses on monthly basis
- Resolving Vendors query on payment and preparation of vendor reconciliation statements as and when required
- Coordinating with Zones for improving operational efficiency of Payments and resolving queries
- Setting up new process and improve current processes so that objective of “Operate for less” can be achieved and vendor satisfaction increase.
Deputy Manager – Finance
TATA Teleservices Maharashtra Limited
04.2008 - 09.2010
- Calculating commission & incentives payable to Distributors and Vendors based on number of activations
- Preparing Revenue, Billing & Collection analytics cluster wise & customer category wise
- Reviewing Post paid bad debts on weekly basis and providing necessary inputs to the management for Control over Bad debts
- Review of Collections Targets & Sales Targets
- Providing MIS on Commission paid during month and comparison Q on Q basis to take decision for controlling COA & rolling out terms of trade in the market.
Senior Executive
Bharti Airtel Limited
09.2006 - 03.2008
- Preparation of Annual Operating Plan for Gujarat circle and discussing the same with management for the year 2006-07 and 2007-08
- Prepared Management Accounting Performance Analysis report containing Financial and Non Financial Information for Managements Review on monthly basis
- Daily CWN Report & Hits and Misses in CWN at the end of the month
- Preparation of Daily Zone wise CWN report
- Preparing Analysis of Variance Report (ANOVA) on monthly basis, Business Performance Report on quarterly basis
- Preparation of Monthly Revenue Statements (Prepaid & Post paid) & Accounting of Revenue
- Preparation of Flash and Forecast reports on monthly basis (Budgeting and Controlling) Tracking Minutes of usage and providing reports on daily increase / decrease to management.
Education
Skills
Excellent written and oral communication skillsundefined
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
Judge a man by his questions rather than his answers.
Voltaire
Timeline
Shared services head FC&A (tower lead)
Reliance Retail limited
04.2023 - Current
Regional Finance Head
Reliance Retail Limited
07.2019 - 03.2023
State Finance Controller
Reliance Retail
07.2012 - 06.2019
Manager payable accounts – Rental and Other payments
Reliance Retail – Head office
10.2010 - 06.2012
Deputy Manager – Finance
TATA Teleservices Maharashtra Limited
04.2008 - 09.2010
Senior Executive
Bharti Airtel Limited
09.2006 - 03.2008
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