Paras Patel

Paras Patel Email and Phone Number

Group Chief Financial Officer | Financial Strategy, Cost Optimization @ Regent
Paras Patel's Location
London, England, United Kingdom, United Kingdom
About Paras Patel

I am a dynamic and results-driven finance leader with a proven 15+ year track record of driving strategic transformations and achieving exceptional financial performance. Renowned for challenging the status quo, I build high-performing teams that consistently surpass targets. My expertise spans all aspects of accounting, with a particular focus on Financial Planning & Analytics (FP&A) and statutory reporting.With extensive global finance experience in Dubai, India, Sri Lanka, Australia and the USA, I bring a diverse and comprehensive understanding of international markets and financial landscapes. Adept at cultivating strong relationships with stakeholders, I deliver impactful financial insights that drive business growth. Highly adaptable and driven by a passion for overcoming challenges, I excel as both a leader and a collaborative team player. Target-driven and committed to excellence, I consistently strive to exceed expectations and deliver outstanding results.

Paras Patel's Current Company Details
Regent

Regent

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Group Chief Financial Officer | Financial Strategy, Cost Optimization
Paras Patel Work Experience Details
  • Regent
    Group Chief Financial Officer
    Regent Sep 2024 - Present
    London Area, United Kingdom
    Managed financial operations for Regent in Dubai & India, driving strategic decisions and ensuring compliance. • Implemented cost-saving measures resulting in a 15% increase in profit margins.• Led cross-functional teams to streamline financial processes and improve efficiency.
  • Regent
    Chief Financial Officer
    Regent Jan 2022 - Sep 2024
    London, England, United Kingdom
    Successfully led the global finance function across five countries (Dubai, India, Sri Lanka, Australia, USA), fostering strong relationships with key stakeholders like bankers, auditors, and local authorities. Spearheaded a diverse team (Finance, Student Finance, UKVI Compliance) to achieve short-term goals and empower career development. My strategic leadership resulted in a 5-year revenue surge from £60m to £150m. Furthermore, I implemented a streamlined budgeting and forecasting process, leading to increased stakeholder engagement and data-driven decision-making.Impact Highlights:Boosted EBITDA by 50% (20% to 30%) through strategic planning and cost optimization.Delivered annual savings of £2.5 million by establishing cost-effective support teams in India, Dubai, and Sri Lanka.Ensured global payroll compliance (900+ staff) for HMRC and local government audits.Empowered a culture of continuous improvement, achieving year-on-year KPI advancements.
  • Regent
    Finance Director
    Regent Mar 2020 - Jan 2022
    London, England, United Kingdom
    As Finance Director, I spearheaded financial operations, leading high-performing Financial Reporting & Student Finance teams. I fostered a culture of strong internal controls & operational efficiency, ensuring accurate reporting & alignment with business goals.Key Achievements:Partnered with C-suite to align financial strategy with business objectives.Secured favorable financing terms for growth (loans & equipment).Streamlined reporting for timely submissions to regulators.Implemented Sage Intacct for enhanced data integrity & accessibility.Automated processes to boost efficiency & reduce errors.
  • Regent
    Head Of Finance
    Regent Aug 2016 - Feb 2020
    Harrow, United Kingdom
    As Head of Finance, I led overall finance operations, ensuring robust, efficient, and effective financial processes. I evaluated monthly and quarterly management reports for directors and division managers, providing valuable insights on budget expenditures and projections. I set up sales incentives and targets for the sales team, driving performance and aligning with company goals. I managed relationships with external auditors and tax advisors, ensuring compliance and optimising tax strategies. Additionally, I handled procurement by investigating, renegotiating, and comparing costs for various orders and lease contracts.Key Achievements:Evaluated financial reports, providing key budget insights and projections.Established sales targets, boosting team performance and goal alignment.Managed auditors and tax advisors, enhancing compliance and strategies.Achieved 15% cost savings through improved procurement processes.Implemented Sage Financial system, enhancing overall financial management.
  • Regent
    Finance Manager
    Regent Aug 2010 - Jul 2016
    Harrow, United Kingdom
    As Finance Manager, I managed cost budgets and cash flow, overseeing daily income and expenditure processing, and controlling bad debts. I provided monthly reports to division heads, dealt with external legal teams, and prepared annual accounts, internal financial reports, and monthly management accounts. Additionally, I monitored cash by tracking monthly bank and credit card transactions, managed VAT returns to HMRC, conducted internal audits for higher education student admission files, and oversaw payroll processes.Key Achievements:Streamlined cost budgets and controlled bad debts effectively.Enhanced financial accuracy through comprehensive reporting.Ensured compliance and optimized tax strategies with VAT returns.Scaled the team from 50 to 250+ staff in ten years.Secured 634 new students annually with the first HEAPES Survey.
  • Regent
    Finance Assistant
    Regent Jan 2008 - Jul 2010
    Harrow, England, United Kingdom
    Managed credit control, bank reconciliation, and fixed asset register maintenance.Coordinated with advertising channels and processed monthly supplier invoice payments.Conducted weekly health and safety checks to ensure compliance and safety standards.
  • Optimum Financial Consultancy Ltd
    Administrative Office Assistant
    Optimum Financial Consultancy Ltd Mar 2004 - Jun 2007
    Harrow, England, United Kingdom
    Directed phone calls, managed appointments, and handled basic accounting data entries.Developed and maintained a Mortgage client filing system and updated office policies.Ordered supplies, researched deals, and liaised with senior administrative assistants.

Paras Patel Education Details

Frequently Asked Questions about Paras Patel

What company does Paras Patel work for?

Paras Patel works for Regent

What is Paras Patel's role at the current company?

Paras Patel's current role is Group Chief Financial Officer | Financial Strategy, Cost Optimization.

What schools did Paras Patel attend?

Paras Patel attended Kaplan Business School, Hemchandracharya North Gujarat University.

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