Ritesh Shah

- Spearheaded the accounting operations & managed the financial activities related to the entire group of companies after being Instrumental in setting up the processes of accounts and finance department, from a small family owned business (Partnership firm) to an mid- size corporate group since it’s inception.

- Spearheaded the accounting operations & managed the financial activities related to the entire group of companies after being Instrumental in setting up the processes of accounts and finance department, from a small family owned business (Partnership firm) to an mid- size corporate group since it’s inception.

• Maintained General Ledger and chart of accounts, performed accounting functions such as journal entry preparation, account analysis, balance sheet reconciliation and preparation of monthly, quarterly, half yearly and yearly financial statements as per Indian Accounting Standards
• Oversaw month-end closing process (hard close) and prepared financial statements on monthly, quarterly and half yearly basis so as to manage advanced reconciliations between Indian Subsidiary Company and the Parent company located in USA.
• Led the annual financial audit activities with external auditors auditors (KPMG) and helped the preparation of support documents and schedules for audited financial statements so as to ensure compliance with regulatory requirements.
• Coordinated timely collections with appropriate project managers and customers to manage cash flow.
• Managed the preparation of the company's budget and monitored performance against it.
• Worked as per US GAAP to shape technical accounting policies and procedures and complied with SOX guidelines so as to develop the policies to maintain compliance with other regulatory statutes.

• Worked with cross-functional teams to achieve goals of the SSO. Contribution in formulating the business plans & strategies by helping in revenue generation & maximize the profitability of the project.
• Managed the Accounts Receivable function and took care of monthly invoicing of the Shared Service Organisation (SSO)
• Cash Flow planning and execution in co-ordination with the CFO – based in Banglore
• Executed the month close processes related to compensation expenses, vendor payments and
• OPEX in collaboration with business units and functional leads
• Facilitated and completed annual financial statement audits and reviewed results.
• Developed the team, Mentored and Motivated them to enhance the productivity using inter personal skills so as to manage the F&A processes efficiently

• Worked as Finance Lead at Shared Service Organisation (SSO) named V2 Solutions Group
• Transitioned the Financial & Accounting process (single handed) of a U.S. based Solar Company to India and managed it’s deliverables effectively from India
• Efficiently contributed towards the functional processes & overall improvement by developing adequate documentation, implementing various policies & procedures so as to facilitate the operational controls
• Handled the project & operational uncertainities with proper understanding of customer's expectation & delivering the same as per the set standards
• Follow up with clients for timely collections of Debtors, maintain the DSO as per the set terms and need based AR dashboard meet and review
• Reviewing & approving of Vendor payments for its disbursement, reviewing of month & quarter ending accruals and need based AP dashboard review
• Credit Management review for shipping the product or check for it’s credit holds based on Credit analysis as new Preferred Partners as per the policy.
• Closure of books on monthly & quarterly basis along with yearly book closing activity including paperwork and audit readiness
• Work closely with the Finance Controller / VP Finance for upper management reports and provided financial support to Manager (Finance) and the Program Manager
• Utilized Quick Books software based in USA and worked on various tools to streamline processes and optimize performance.

- Spearheaded the accounting operations & managed the financial activities related to the entire group of companies after being Instrumental in setting up the processes of accounts and finance department, from a small family owned business (Partnership firm) to an mid- size corporate group since it’s inception.

- Maintained the statutory books of accounts i.e. journal, ledger, cash book and accounts of subsidiaries in compliance with time & accuracy norms.

- Formulated Budgets, conducted variance analysis to determine difference between projected figures & actual expenditure and recommending corrective action / feedback.

- Prepared the audit plan / audit readiness for the entire group of companies and getting it approved by the audit committee.

- Liaised and facilitated the negotiating with banks, private financiers and financial institutions for raising fund and non-fund based facilities at favourable terms to meet working capital requirements.

- Co-ordinated / Interacted with various statutory authorities and ensuring the timely filing of TDS, Service Tax, Stamp Duty and Income Tax Returns as required under various Statutes.

- Lead & monitored the performance of team members to ensure effectiveness in operations and meeting of individual & group targets.