Summary
Overview
Work History
Education
Skills
Timeline
AssistantManager

Parin Shah

Chief Financial Officer
Ahmedabad

Summary

BRIEF OVERVIEW:- Experienced with guiding financial strategy and organizational growth. Utilizes comprehensive financial analysis to support decision-making and optimize resources. Track record of fostering team collaboration and ensuring compliance with regulatory standards. Tech-savvy innovator with hands-on experience in emerging technologies and passion for continuous improvement. Skilled in identifying opportunities for technological enhancements and implementing effective solutions. Adept at leveraging new tools and methods to solve problems and enhance productivity. Excels in adapting to fast-paced environments and driving technological advancements.

Overview

18
18
years of professional experience
4
4
years of post-secondary education

Work History

Chief Financial Officer

Dev Accelerator Limited
Ahmedabad, Gujarat
08.2024 - Current
  • Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
  • Communicated business performance, forecasts and strategies to investors and shareholders.
  • Negotiated favorable credit terms with banks for increased borrowing capacity and reduced interest expenses.
  • Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
  • Managed complex capital projects from inception through execution, ensuring timely completion within budget constraints and delivering expected returns on investment.
  • Ensured accurate financial reporting, maintaining compliance with GAAP, SEC regulations, and internal policies.
  • Implemented tax planning strategies that minimized liabilities while ensuring full compliance with local, state, and federal laws.
  • Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
  • Maintained P&L and shouldered corporate fiscal responsibility.
  • Managed financial, operational and human resources to optimize business performance.

Senior Manager

Matter Motor Works Pvt Ltd
Ahmedabad
08.2021 - 07.2024
  • Collect, review, and ensure the accuracy of budget estimates across departments, aligning with procedures and organizational goals.
  • Manage budget reporting for all sectors, including forecasts, capital budgets, and cash flows, ensuring punctuality and precision.
  • Deliver regular reporting packages to management on annual and monthly bases, highlighting variations from projections with explanatory notes.
  • Conduct comprehensive analysis of financial data and documents for Financial and Legal Due Diligence.
  • Engage in Commercial Finance activities to drive growth and strategic decision-making, collaborating cross-functionally on business strategies, pricing models, and investments.
  • Lead corporate restructuring initiatives to enhance efficiency and financial performance.
  • Oversee Government Subsidy programs, maximizing benefits in sectors like ESDM, Fame-II, and MOOWR to foster growth.

Group Finance Manager- (Direct & Indirect Tax)

RBSA Advisors
Ahmedabad & Mumbai
10.2019 - 07.2021
  • Manage financial reporting, including monthly reports, budgeting, forecasting, and compliance with Direct & Indirect Tax regulations, Branch Audit, and External Audit.
  • Supervise Accounts Payable, Accounts Receivable, Tax, Treasury, Payroll, and Financial and Management Accounting.
  • Ensure compliance with taxation authorities and coordinate with auditors for timely financial closure.
  • Prepare and present consolidated financial statements for a group of enterprises and apply Accounting Standard (AS21) for subsidiary investments.
  • Handle Minority/Non-controlling interest of foreign subsidiary investments and calculate Minimum Alternative Tax (MAT) for the parent company.
  • Submit Foreign Liabilities and Assets (FLA) reports to RBI for foreign subsidiaries.
  • Manage banking relationships and borrowing arrangements to optimize cash positions and returns.
  • Initiate and oversee ERP implementation to align with company requirements, particularly focusing on treasury management and enhancing cash positions.

Sr. Accounts Manager (GST Head & Internal Auditor)

Khushi Advertising Ideas Pvt. Ltd
Ahmedabad & Mumbai
10.2016 - 10.2019
  • Collaborate with various teams to design tax-compliant processes, enhancing efficiency and accuracy in tax return filing, assessments, and audits.
  • Implement process documents with AP, AR, and Accounting teams to ensure tax compliance.
  • Interpret GST provisions accurately, handle queries, and classify goods and services according to GST Tariff.
  • Maintain up-to-date knowledge of GST provisions, amendments, and tax-related judgments.
  • Manage GST authorities queries, inquiries, investigations, and audits, ensuring timely availing of eligible GST Input Tax Credit.
  • Prepare and file LUTs for SEZ clients and services exported outside India.
  • Reconcile GST Input Tax Credit with GSTR2A and coordinate with vendors to resolve discrepancies.

Assistant Manager

RBSA Valuation Advisors LLP
Ahmedabad
11.2013 - 10.2016
  • Engage in business planning, conducting monthly analysis, reporting, and forecasting, including daily flash reports.
  • Handle accounting tasks such as booking bills for purchases, sales, and general expenses, ensuring accuracy in account allocation.
  • Prepare and monitor budgets, analyze variations, and provide recommendations to the Head of Accounts & Finance.
  • Assist the Head of Accounts & Finance in coordinating with the management team for funding requirements.
  • Conduct checks on physical cash balances, bank reconciliations, and scrutinize accounts, analyzing transactions over specific periods.
  • Monitor monthly payroll processing and disbursement, including managing medical claims, leave salaries, final settlements, and other employee benefits.
  • Prepare financial statements such as Balance Sheet, Profit & Loss Account, along with schedules and notes for comprehensive reporting.

Accounts Officer

Adani Skill Development Centre
Mundra
02.2011 - 10.2013
  • General Ledger analysis, Preparation and Posting of adjustment, rectification, allocation and closing entries etc.
  • Providing information to Head of Accounts & Finance on regular basis for revenues, outstanding (Debtors and creditors) Project Expenses, Report on budget v/ s Actual, etc.
  • Verifying, allocating, posting and reconciling accounts payable and receivable
  • Producing error-free accounting reports and present their results
  • Analyzing financial information and summarizing financial status
  • Handling overall work relating to TDS (Including Monthly & Quarterly submission of TDS Statements and returns eTDS Filling Process.

Account Assistant

Unique Sales
Ahmedabad
08.2007 - 01.2011
  • Administered activities related to outlet sales verification, customer reconciliations, and receivables aging and bank reconciliations.
  • Shouldered responsibility of posting PDC cheques and managing credit / debit card transactions postings with bank's merchant statement.
  • Keep financial records and establish, maintain and balance various accounts using manual and computerized bookkeeping systems.
  • Post journal entries and reconcile accounts, prepare trial balance of books, maintain general ledgers and prepare financial statements.

Education

B.Com - Accounting and Finance

Gujarat University
Ahmedabad,GJ
2007.03 - 2010.01

Chartered Accountant - Accounting And Finance

Institute of Chartered Accountants of India
Ahmedabad, GJ
03.2007 - 2012.05

Financial Analyst Pro Degree - Finance

Imarticus (Sponsored By KPMG)
Ahmedabad
09.2019 - 2020.02

Financial Modeling & Valuation Analyst -

Corporate Finance Institute
Online
02.2020 - 2020.03

Corporate Finance By Aswath Damodaran -

NYU Stern School Of Business
Online
03.2020 - 2020.03

IndAs And IFRS Accounting Standards -

EY Academy
Online
03.2020 - 2020.04

Direct And Indirect Taxation -

EY Academy
Online
04.2020 - 2020.05

Advance Auditing Standards & Professional Ethics -

University Of Montana USA
Online
04.2020 - 2020.05

Strategic Financial Management -

Kelly School Of Business (Indiana University USA)
Online
04.2020 - 2020.05

Certified Public Accountant - Accounting and Finance

American Institute Of Certified Public Accountant
Online
04.2020 - Current

MBA - Master in Business Analytics

Jain University
Bangalore
02.2021 - 2023.07

Skills

    INDAS,US GAAP & IFRS

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Timeline

Chief Financial Officer

Dev Accelerator Limited
08.2024 - Current

Senior Manager

Matter Motor Works Pvt Ltd
08.2021 - 07.2024

MBA - Master in Business Analytics

Jain University
02.2021 - 2023.07

Direct And Indirect Taxation -

EY Academy
04.2020 - 2020.05

Advance Auditing Standards & Professional Ethics -

University Of Montana USA
04.2020 - 2020.05

Strategic Financial Management -

Kelly School Of Business (Indiana University USA)
04.2020 - 2020.05

Certified Public Accountant - Accounting and Finance

American Institute Of Certified Public Accountant
04.2020 - Current

Corporate Finance By Aswath Damodaran -

NYU Stern School Of Business
03.2020 - 2020.03

IndAs And IFRS Accounting Standards -

EY Academy
03.2020 - 2020.04

Financial Modeling & Valuation Analyst -

Corporate Finance Institute
02.2020 - 2020.03

Group Finance Manager- (Direct & Indirect Tax)

RBSA Advisors
10.2019 - 07.2021

Financial Analyst Pro Degree - Finance

Imarticus (Sponsored By KPMG)
09.2019 - 2020.02

Sr. Accounts Manager (GST Head & Internal Auditor)

Khushi Advertising Ideas Pvt. Ltd
10.2016 - 10.2019

Assistant Manager

RBSA Valuation Advisors LLP
11.2013 - 10.2016

Accounts Officer

Adani Skill Development Centre
02.2011 - 10.2013

Account Assistant

Unique Sales
08.2007 - 01.2011

Chartered Accountant - Accounting And Finance

Institute of Chartered Accountants of India
03.2007 - 2012.05

B.Com - Accounting and Finance

Gujarat University
2007.03 - 2010.01
Parin ShahChief Financial Officer