Shashank Mehta
Finance Manager
Dubai
Summary
Business-minded Finance Manager promoting more than 6 years of expertise overseeing transactions and reconciling monthly financial reports. Results-driven team player experienced in financial statement review, auditing and reporting. Well-versed in MIS reports, evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach.
Overview
9
9
years of professional experience
2
2
Languages
Work History
Finance Manager
Times Square Group
05.2021 - Current
- Leading a 9-member team and overseeing financial aspects of retail operations, including budgeting, forecasting and financial reporting for 40+ outlets in UAE and Qatar.
- Managing multimillion-dollar budgets ( with annual revenue of around ~AED 250Mn) , ensuring accurate allocation across departments.
- Spearheaded ERP implementation (Microsoft D365) across Group to enhance productivity, data accuracy, reporting and decision-making capabilities.
- Developed comprehensive financial dashboards to provide detailed insights into key performance indicators, enhancing visibility into financial performance and facilitating data-driven decision making for Senior Management.
- Recognized opportunities for process automation and spearheaded initiatives to automate routine financial tasks, resulting in a 60% reduction in manual efforts and enhanced operational efficiency..
- Conducted comprehensive feasibility study (Showroom expansions / New product line launch etc.,) to assess financial viability and risk, thereby assisting Senior Management in making informed investment decisions.
- Negotiated favorable pricing and credit terms with vendors; achieved 5% annual cost savings till date while maintaining quality and service levels.
- Collaborated with cross-functional teams to drive strategic business planning and growth initiatives. For instance, partnering with the Sales team led to (i) 6% average monthly sales growth and a 3% annual margin increase through the timely identification and implementation of markdown strategies (ii) decreased inventory aged > 3 years from 25% to 13% .
- Led annual budgeting process and collaborated with Department Heads to align financial objectives with business goals; also enhanced budget management by implementing expense tracking and cost reduction strategies.
- Prepared cash flow projections , cost analysis and monthly, quarterly and annual reports. Also, streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Cash flow optimization with diligent monitoring of accounts receivable and payable; managed cash liquidity and working capital requirements for day-to-day financial operations.
- Supported financial director with special projects and additional job duties.
- Collaborated with C-level executives and stakeholders to develop long-term financial plans.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
Senior Accountant
Times Square Group
05.2019 - 06.2021
- Oversee accounting, reporting, compliance, and internal controls for real estate business in Dubai , as well as Joint Ventures across USA, Europe, and Africa regions.
- Conducted due diligence and provided reporting on Joint venture operations.
- Analyzed financial statement and internal control discrepancies , identifying issues such as non-compliance to Standard Operating Procedures and recommending corrective actions to prevent future occurrences.
- Periodical review of Chart of Accounts, coordinating with various departments to gather financial data, thus ensuring accurate representation of each business unit's performance to Senior Management.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Conducted financial due diligence on potential investments and acquisitions.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents , mitigating potential penalties or fines.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Reviewed historical records , current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
Legal Assistant
CA Ashish Goyal, Advocate
11.2017 - 03.2019
- Attended Income Tax Appellate Tribunal (ITAT) bench sessions on a regular basis and briefed Senior Counsel on case judgments, rulings, and arguments.
- Aided in trial preparation and contributed significantly to the formulation of effective legal arguments including (i) drafting Writ Petitions for High Court filings and (ii) written submissions and synopses for argument before ITAT Bench and High Court.
- Effectively handled client case files and addressed their queries regarding appeals before the Commissioner of Income Tax (Appeals) and ITAT.
- Conducted comprehensive legal research using various resources such as online databases, law libraries to support case strategies effectively.
Assistant Audit Manager
Rajendra Goyal And Company
11.2015 - 09.2017
- Assisted in planning and execution of statutory audit programs and ensuring timely completion of audits for Manufacturing, Service and Infrastructure companies .
- Assisted in preparation of executive-level presentations summarizing key findings from completed audits for Senior Management review.
- Overseeing internal audit assignments for educational institutions, trading, manufacturing, pharmaceutical and agricultural companies.
- Also, involved in execution of Commercial Audits and Due Diligence assignments
- Strengthened client relationships through regular communication and timely resolution of any concerns or issues.
- Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings .
Education
Chartered Accountant
The Institute of Chartered Accountants of India
New Delhi, IndiaBachelor of Commerce
Devi Ahilya Vishwa Vidhyalaya
Skills
Financial Reporting
Tax Compliance
Regulatory Compliance
Cash Flow Management
Internal Control
Process Implementation
IFRS
Budgeting and Forecasting
MIS Reporting
Financial Reporting
Timeline
Finance Manager
Times Square Group
05.2021 - Current
Senior Accountant
Times Square Group
05.2019 - 06.2021
Legal Assistant
CA Ashish Goyal, Advocate
11.2017 - 03.2019
Assistant Audit Manager
Rajendra Goyal And Company
11.2015 - 09.2017
Chartered Accountant
The Institute of Chartered Accountants of India
Bachelor of Commerce
Devi Ahilya Vishwa Vidhyalaya
Similar Profiles
Raval VaibhaviRaval Vaibhavi
Sr. Marketing and Sales Manager at Times Square Arcade GroupSr. Marketing and Sales Manager at Times Square Arcade Group
Heather HensonHeather Henson
Dual Sales Manager at AC NYC Times Square & Hampton Inn Times Sq CentralDual Sales Manager at AC NYC Times Square & Hampton Inn Times Sq Central
David BeasleyDavid Beasley
Operations Manager at American Stories Travel, Inc (Formerly Beyond Times Square, Inc)Operations Manager at American Stories Travel, Inc (Formerly Beyond Times Square, Inc)
ERICK SAIMON MMBAGAERICK SAIMON MMBAGA
Ramp Operations Team Leader at Dnata, The Emirates GroupRamp Operations Team Leader at Dnata, The Emirates Group
Asma ShaabanAsma Shaaban
Social Media Manager at KcalSocial Media Manager at Kcal