Summary
Overview
Skills
Accomplishments
Work History
Timeline
Education
Certification
Hi, I’m

Nikit Shah

FP&A Professional
Dubai,United Arab Emirates
Nikit Shah

Summary

I am a seasoned finance professional with over 16 years of experience driving financial excellence and strategic decision-making in dynamic environments. Skilled in all aspects of financial management, including strategic planning, budgeting, forecasting, financial analysis, and process improvement. I have a proven track record of delivering actionable insights to support business growth and operational efficiency. I have been recognized for leadership, collaboration, and ability to build high-performing teams.

Key Skills:
- Financial Planning & Analysis:
Proficient in developing and executing financial plans, budgets, and forecasts to support strategic objectives. Experienced in conducting variance analysis and providing insights for performance improvement.

- Budgeting & Forecasting:
Expertise in leading budgeting processes, ensuring alignment with organizational goals and driving cost optimization initiatives. Skilled in forecasting financial performance and identifying trends to support decision-making.

- Financial Analysis:
Strong analytical skills with a focus on interpreting complex financial data and providing actionable recommendations. Experienced in conducting scenario analysis, sensitivity analysis, and financial modeling to evaluate business opportunities.

- Process Improvement:
Demonstrated ability to streamline financial processes, enhance controls, and optimize operational efficiency. Skilled in implementing best practices and driving continuous improvement initiatives.

- Team Management:
Proven track record of building and leading high-performing finance teams. Experienced in mentoring team members, fostering a collaborative culture, and driving professional development.

- Stakeholder Engagement:
Effective communicator with a track record of collaborating with cross-functional teams and senior management. Skilled in presenting financial information and insights to non-financial stakeholders.

- Strategic Thinking:
Strategic mindset with the ability to align financial strategies with overall business objectives. Experienced in developing long-term financial plans and providing strategic guidance to support organizational growth.

- Technical Proficiency:
Proficient in financial analysis tools (Advanced Excel and Power BI), ERP systems (Microsoft Dynamics Navision, Oracle, SAP, Tally), and MS Office Suite. Skilled in utilizing data-driven approaches and leveraging technology to drive financial performance.

Overview

16

Years of Overall Work Experience

11

Years of Professional Work Experience

2

Educational Qualifications

3

Languages Known

Skills

  • Accounting:
    Proficient in financial accounting practices, including adherence to GAAP and IFRS
  • Financial Analysis:
    Strong analytical skills with expertise in financial analysis and cost-benefit analysis
  • Budgeting and Forecasting:
    Experienced in budgeting, forecasting, and P&L management for corporate financial planning
  • Business Intelligence (BI):
    Skillful in leveraging BI tools for insightful business reporting and decision-making
  • Automation and AI:
    Proven ability in automating budgets and utilizing AI for business improvement
  • Technical Proficiency:
    Advanced proficiency in Microsoft Excel, PowerPoint, Oracle, SAP ERP, and SQL
  • Leadership and Supervision:
    Strong leadership and supervisory skills, demonstrated in team management and development
  • Process Improvement:
    Experience in initiating and leading process improvement projects, including Six Sigma Green Belt certification
  • Interpersonal Skills:
    Effective interpersonal skills with a focus on senior stakeholder management and teamwork
  • Presentation and Communication:
    Strong presentation skills, enabling effective communication of financial concepts to diverse audiences
  • AI Integration:
    Knowledge and experience in integrating artificial intelligence into finance and accounting functions
  • Technical Software Proficiency:
    Familiarity with Microsoft Dynamics NAV and SAP ERP for streamlined financial processes
  • Project Management:
    Project management skills with a focus on project accounting and productivity improvement

Accomplishments

Accomplishments
  • Played a pivotal role in the seamless migration of financial data during the merger of ING Vysya Bank with Kotak Mahindra Bank.
  • Spearheaded the automation of budgets at Kotak Mahindra Bank, earning recognition as the 'Star of the Quarter' in July 2017.
  • Led a high-performing team of two analysts, fostering a collaborative and results-oriented culture.
  • Achieved significant cost savings through strategic vendor negotiation and consolidation initiatives.
  • Successfully optimized the Equipment as a Service (EaaS) process at NSC Global, resulting in improved operational efficiency and reduced costs.
  • Implemented a comprehensive review of the spares procurement process at NSC Global, identifying areas for improvement and proposing strategic changes to enhance efficiency and cost-effectiveness.
  • Successfully conducted commercial evaluations on prospective deals and sales opportunities, providing strategic recommendations based on thorough financial analysis.
  • Played a critical role in the Initial Public Offering (IPO) process at Sharda Cropchem Limited, ensuring meticulous financial reporting and compliance during a significant corporate milestone.
  • Supported the development and management of budgets and forecasts, aligning financial targets with overall company goals and ensuring accurate financial reporting to stakeholders.

Work History

NSC Global
Remote

FP&A Manager & BU Commercial Controller
04.2020 - Current

Job overview

  • Generate and review monthly MIS reports, providing insightful analysis and presenting to senior leadership.
  • Serve as a key resource for senior management, providing timely and high-quality analysis to support critical business decisions.
  • Update and maintain sales and business unit forecasts, ensuring alignment with overall company targets.
  • Take accountability for OSS Business Unit Profit & Loss results, leading the budgeting and forecasting process, and collaborating closely with key stakeholders.
  • Conduct commercial evaluations on prospective deals and sales opportunities, providing strategic recommendations based on financial analysis.
  • Provide comprehensive monthly P&L analysis, identifying areas for cost savings and revenue growth opportunities.
  • Conduct thorough financial reviews and variance analysis, communicating findings and recommendations to senior management.
  • Responsible for overseeing and enhancing the Equipment as a Service (EaaS) process, while actively identifying opportunities for process improvements.
  • Conduct a comprehensive review of the current process for spares procurement and management, identifying areas for improvement and proposing strategic changes to enhance efficiency and cost-effectiveness.
  • Perform precise calculations for customer rebates based on established terms and conditions, ensuring accuracy and adherence to contractual agreements.
  • Prepare meticulous and comprehensive workings for sales commissions, accurately calculating commission amounts based on predefined commission structures and performance metrics.
  • Collaborate with Financial Accounting teams to ensure accurate and timely month-end close, reviewing results with Business Unit Head and identifying areas for improvement.
  • Foster strong relationships with global teams and cross-functional partners to drive business success.
  • Manage and develop a high-performing team of two analysts, nurturing a collaborative and results-oriented culture.

Kotak Mahindra Bank
Mumbai, India

Chief Finance Manager
08.2014 - 02.2020

Job overview

  • Delivered Monthly Management Reports to senior executives, providing them with actionable insights and decision support for informed strategic choices.
  • Successfully managed the Profit and Loss (P&L) and budgets for the Asset Reconstruction Division, ensuring precise and timely financial reporting.
  • Conducted comprehensive analysis of financial and performance metrics, offering detailed commentary and conducting variance analysis to senior management.
  • Led the annual budgeting process and diligently monitored monthly operating costs, identifying opportunities for cost savings and enhancing profit margins.
  • Played a pivotal role in the seamless migration of financial data from ING Vysya Bank to Kotak Mahindra Bank following the merger of the two institutions.
  • Developed process manuals and maintained process notes, streamlining the Management Information Systems (MIS) reporting process for increased efficiency.
  • Spearheaded the automation of management reports, resulting in notable productivity improvements and receiving recognition as the 'Star of the Quarter.'
  • Provided strong leadership and mentorship to a team of three Finance Analysts, fostering a collaborative and high-performing environment.

Sharda Cropchem Limited
Mumbai, India

Finance Executive
03.2013 - 08.2014

Job overview

  • Played a critical role as a member of the Finance Team during the Initial Public Offering (IPO) process of the Company.
  • Developed and monitored the annual budgeted financial statements, while also tracking actual performance to ensure adherence to financial goals.
  • Conducted a thorough analysis of monthly financial statements, with a focus on identifying areas for expense reduction.
  • Finalized the annual accounts of overseas subsidiaries/group companies and reviewed tax returns prepared by local accountants, ensuring compliance with relevant regulations and policies.
  • Consolidated accounts from Indian and Foreign subsidiaries with those of the parent company, providing comprehensive and accurate financial reporting.
  • Prepared detailed Notes to Accounts, Cash Flow Statements, and Fund Flow Statements, providing insight into the financial health of the organization.
  • Evaluated and strengthened internal controls and processes throughout the organization, ensuring compliance with policies and regulations.

Dorf Ketal Chemicals (I) Pvt Ltd
Mumbai, India

Management Trainee
05.2012 - 08.2012

Job overview

  • Led the finalization of accounts and annual account preparation, ensuring compliance with accounting standards and company policies.
  • Prepared detailed Notes to Accounts and ensured adherence to the Revised Schedule VI.
  • Conducted bank and inter-company reconciliations and submitted TDS returns on a timely basis.
  • Created comprehensive annual performance reports for EOU and SEZ units, highlighting financial results and key performance indicators.
  • Maintained open communication with internal and external auditors, providing necessary information and resolving issues as needed.

S.S. Gajja & Co
Mumbai, India

CA Intern
10.2007 - 09.2011

Job overview

  • Expertise in Income Tax compliance and filing for Private Limited Companies, Firms, and Individuals.
  • Proficient in managing Direct and Indirect Taxation compliance including statutory payments, TDS Returns, Service Tax Returns, and VAT Returns.
  • Assisted in preparation of documentation for Income Tax Assessments and other proceedings.
  • Conducted thorough Statutory Audit of Private Limited Companies, which included inventory verification.
  • Conducted Tax and VAT Audit for Private Limited Companies and Firms.
  • Conducted Internal Audit for a Private Limited Company.
  • Skillful in Financial Statement structuring and Annual Accounts preparation.
  • Proficient in accounting and compilation of Financial Statements for Private Limited Companies and Tax Audit entities.

Timeline

FP&A Manager & BU Commercial Controller
NSC Global
04.2020 - Current
Chief Finance Manager
Kotak Mahindra Bank
08.2014 - 02.2020
Finance Executive
Sharda Cropchem Limited
03.2013 - 08.2014
Management Trainee
Dorf Ketal Chemicals (I) Pvt Ltd
05.2012 - 08.2012
CA Intern
S.S. Gajja & Co
10.2007 - 09.2011
The Institute of Chartered Accountants of India
Chartered Accountant from Finance And Accounting
08.2007 - 11.2012
University of Mumbai
Bachelor of Commerce from Finance And Accounting
07.2007 - 04.2010

Education

The Institute of Chartered Accountants of India
India

Chartered Accountant from Finance And Accounting
08.2007 - 11.2012

University Overview

University of Mumbai
Mumbai, India

Bachelor of Commerce from Finance And Accounting
07.2007 - 04.2010

University Overview

Certification

  • Associate Member of the Institute of Chartered Accountants of India (ICAI)
  • Successfully completed General Management and Communication Skills (GMCS) Course by ICAI

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Nikit ShahFP&A Professional