Binit Shah Email & Phone Number

London, United Kingdom

London, United Kingdom

Turnover- £50m Employees - 1,000Carrying out all financial controller duties for the American Express and Kodak accounts:Quarterly re-forecasting and Budgeting on all business unitsContract compliance - adhering to all contractual obligations Providing financial assistance and solutions on all issuesRevenue reporting and SOx complianceTreasury functionsAssisting in developing new pricing modelsResource management and ensuring the margin targets are metWorking capital managementWorking closely with senior account management in managing the account efficiently and effectivelyAchievements:Improved margins on account by ensuring correct charge out rates are being utilised and revenues are being recovered on over worked projectsImproved net working capital by implementing controls on the account - e.g. insisting on prepayments on all projects when possibleImplementing and agreeing processes with client procurement teams to minimise FX exposure on revenues and third party costsBuilding up good relationships with key personnel to bridge gap between finance and account management and improve credibility of finance department

Turnover- Employees - 40Sole finance representative of the EUK Digital division. Main responsibilities include:Preparing forecast and budgetsMonthly management accounts with variance analysisReporting self billing sales transactions to suppliers and clientsAnalysing new business ventures and their commercial viability

Carry out all the duties mentioned below in my role as Revenue Management Accountant as well as taking on additional responsibilities consisting of:All costs associated with the business unit - therefore getting a complete picture of the business P&LProducing a detailed monthly management pack with commentary for senior management to review and base decisions onConsolidating the results of three business units that make up the nucleus of Mediaedge:CIA InternationalAchievements:Initiated and created monthly management pack for review by senior directors and management of the organisationSupervising other members of the team in ensuring a consistent approach to presentation of all key management reports by designing Excel templates

Turnover- 150 million Employees- 80My main objective is to effectively manage the revenue function within MEC international. Key responsibilities include:Analysing and recognising our revenue stream in accordance with WPP policy and accounting principles. Ensuring all monthly and quarterly financial reporting to WPP is completed in a timely manner on cartesis. Requesting and compiling revenue forecasts and budgets throughout the course of the financial year and analysing and questioning any variances that may arise.Forging good relationships with key stakeholders by holding monthly client review meetings.Producing a detailed client profitability statement on a monthly basis.Constantly looking for new and innovative ways in which to improve processes and value of data e.g:Revised expenses system on the intranet to accurately track expenditure by clientSending client teams a list of non-billable expenses to ensure that nothing can be recharged to the clientCreating one page client summaries to provide new and existing users a useful overview Developing existing templates and excel workbooks to create efficienciesCarrying out ad hoc requests from both internal and external stakeholders.Ensuring SOx compliance in all aspects of the role.Achievements:Recouped an additional £30k for MEC by being persistent with a supplier when negotiating on the amount of rebateEnhanced cashflow and prevent write off's by putting in place a process to ensure that all billable expenses are invoiced regularly Passing the majority of SOx compliance testing in my area of responsibility due to care and attention put into my processesBridging the communication gap between finance and client services by creating a monthly forum in which there is a free flow of informationImproved the forecasting and budgeting templates to provide a greater level of detail to the finance team and make the forecast process more user friendly

Turnover - 185 million Employees - 150In my role at Starcom I was responsible for managing accounts such as UGC Cinemas, Fiat, House of Fraser, Continental Airline. Within my job remit, it was necessary for me to carry out numerous finance related tasks. I was required to:Prepare forecasts and budgets on client advertising expenditure whilst taking on board factors that would affect their costsAnalysing the financial implications on expenditure owing to change in advertising volumesCarry out analyses to assist in the negotiation of long and short term contractsUse and train staff on several Media systems and Microsoft ExcelLiaise with clients and media owners in producing effective advertising campaignsProduce post-campaign analyses, which measured the effectiveness and overall value of the campaignManage client expectations by setting performance targets that were realistic and achievableAchievements:Negotiated a deal with regional newspaper company for a large car manufacturer to receive £250k worth of media space and PR value at the cost of giving away 8 cars costing them £40k.Maintained advertising rates for clients with falling budgets for three consecutive years through relationships with media owners and tough negotiations

Turnover - 215 million Employees - 730As part of the commercial finance team, I was involved in producing a monthly package that was distributed to the Product Business Unit (PBU) teams and Directors. This package included information such as:Results for each division of the PBUFurther analysis on the above results, e.g. Expenditure as a % of Sales, Margins by Market (i.e. Asia, Japan, America etc.), Sales Market Mix, Stock Cover etc.A commentary section briefly explaining the various factors that caused variances between Budget, Actual and Prior Year.There were many ad hoc information requests that were required to be completed to tight deadlines as the company was going through a process of change

As part of the Consolidation Team, my position as Assistant Accountant involved maintaining the integrity of the central database that was linked to thirteen sites worldwide, ensuring that all data was credible.The accounts in the database were analysed and manipulated to prepare various internal reports in addition to external reports. Some of the reporting in which I was involved:Preparation of a Monthly 'Sales and Units' ReportAssisting in the preparation of schedules that need to be reported to our Parent Company based in GenevaAssisting in preparing a Consolidated Budget presentation Assisting the Group Analyst in preparing a 'Retail Book' which illustrated an in depth analysis of each of our boutiques ,globally, over a five year periodAssisting in the preparation of a 'Weekly Sales flash' which was reported directly to the Commercial Director

Responsibilities included credit control, preparing weekly cash flows, devising reports for management decisions, as well as other accounting duties.

Ba (Hons), Accounting & Law

Final Year Auditing Thesis: "Creative Accounting With A View To Brands".

Education record