Raj K. Shah Email and Phone Number
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Chief Financial Officer / Controller with extensive hands on experience in management, business leadership and working with board of directors, banks and attorneys. Background includes Controller and CFO experience for medium to large (public & private) manufacturers, retailers and service companies. Positively impacted each business through sound financial reporting and projections, insightful analysis, and a strong focus on cost reductions, efficiency and internal controls.Operationally oriented – background extends beyond traditional CFO functions to include administration management, IT, HR, and Legal. Track record of restructuring and building disciplined value-added finance/accounting and MIS departments. Skilled in clearly communicating financial information and analysis to non-financial personnel to enhance decision-making at all levels. Strong international experience – worked in Europe, Mexico, China, and India. Excellent negotiating qualifications.Expertise includes: • Financial and Strategic Planning • Financial Planning and Analysis • Consolidated Financial Reporting • GAAP & SOX Compliance • Budgeting and Forecasting • Manufacturing Standard Costing / ERP • Gross Margin Optimization • Business Expansion and Startups • Internal Controls / Audit Processes • Mergers and Acquisitions • IT Systems Integration
Aroma Naturals, Inc.
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ControllerAroma Naturals, Inc. Jul 2013 - PresentAroma Naturals is a privately held company which manufactures of natural & organic cosmetics and natural soy candles for various industries and retailers. Hired to manage the finance and accounting functions, including payroll, account receivables /collections, expense processing, taxes, and revenue recognition and reporting. Provide business analysis on companies operations and product results. Provide leadership to plan and grow profit efficiently, including developing budgets, standard cost accounting and providing accurate projections in support of business strategy. Present timely and valid interpretation of operating results. Manage overall fiscal operations: directing internal financial programs and procedures, and maintaining useful relationships with outside partners and vendors. Provide ongoing financial analysis and modeling in support of key business decisions. Provide sound leadership in complying with financial and legal requirements. Develop short-range and long-range financial plans to achieve established corporate goals.• Developed a powerful standard cost accounting system that generated reliable information regarding variances in raw materials price and usage, labor usage, and SG&A.• Introduced weekly “dashboard” system to keep management abreast of key business metrics such as revenues, shipments, operating costs, order fill, & productivity. -
Chief Financial Officer/CooSql Star International Inc. May 2010 - Jul 2013Brought in to advise company owners on developing and implementing new operational practices to turn around a highly dysfunctional operation, which was the result of a recent departure of senior management team. Continually analyze all aspects of the business and recommend solutions for improving operational efficiency, updating financial records, reducing costs, enhancing client service capabilities, and performing due diligence to mitigate overall financial risk. • Developed detailed business plan, which initiated cost-effective restructuring of the corporate staff including marketing, accounting, HR and IT. Saved more than $500,000 per year by bringing the controller and HR functions in-house; improved timeliness, quality, and accuracy of financial information.• Recovered $60,000 in health insurance premiums, which had been paid in error for ex-employees.• Maintained vendor support during the six months required to accomplish the capital restructuring, enabling the company to maintain business within tight liquidity constraints.• Improved cash flow by streamlining the billing/collection process and managing vendor payment terms.• Developed and executed a payroll reduction initiative which yielded annual savings of $200,000. Also developed and executed a compensation program for the Company’s sales force which more closely aligned pay with performance.
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Accounting ConsultantToyota Financial Services Nov 2008 - May 2010Plano, Tx, UsOversaw implementation of the new accounting System. Identified / resolved differences between the proposed system and the existing accounting system. Rapidly developed a strong working knowledge on development and execution of SOX documents and department remediation plan.• Assisted with accounting close duties – journal entries including re-classes, adjustments, recurring entries, accruals, inter-company transfers, etc. • Assisted in month closing for debt and derivatives portfolio of approximately $70 billion.• Developed an accounting database utilized in management reports for increasing business accountability and ownership of results. -
Chief Financial OfficerN/S Corporation Apr 2007 - Oct 2008Recruited for executive assignment to assume key role in building solid management infrastructure and positioning $25 million company. Directed general accounting, cash management, financial & tax reporting, banking relations, credit & collections, data processing, HR, customer services and administration, staff up to 16. • Improved the gross margin from 33.3% to 36.1% by working with purchasing to find new global vendors, hard negotiation, and consolidating some supervisory positions in manufacturing.• Cut the receivable write off $440,000 by instituting collection strategies and establishing constructive dialogs with delinquent accounts.• Successfully outsourced the HR functions to ADP TotalSource, reduced the expenses by $50,000 & improved expertise.
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Interim Cfo / ConsultantAccounting Consultant Mar 2006 - Mar 2007Consulted and served as Interim CFO for various companies. Major assignments included Interim CFO for DPI-West, a $350 million grocery distributor and consultant for Matteo, Inc., a $5 million textile manufacturer and retailerIndependent consultant and interim CFO with a focus on improving business processes, implementing cost accounting systems, and reducing turnaround time of monthly close process for client companies. Served as Interim CFO for DPI-West with responsibility for general and cost accounting, finance, administration, IT, and staffs of up to 21. Traveled to India to explore opportunities for outsourcing and offshoring of accounting, financial, administrative, and HR functions to that country in order to improve profitability.
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Chief Financial OfficerCentinela Feed & Pet Supply, Inc Dec 2004 - Feb 2006Hired to enhance decision-making and improve the profitability of a family-owned, multi-unit retailer by instituting formal finance, accounting, reporting, and analysis systems and structures. Directed all finance, accounting, administrative, IT, HR, and real estate functions. Supervised a direct staff of 10 through 3 managers – Controller, HR Manager, and IT Manager. Results include:• Significantly enhanced the depth and accuracy of financial performance information by establishing fixed and variable budgets for all aspects of the business, performing in-depth analyses, and identifying weak areas. • Analyzed gross margin by product, stores and customer, which uncovered unprofitable locations. Worked with operations managers to turn around under-performing locations. Improved overall gross margin from 42% to 46%.• Improved cash flow $390,000+ through better use of warehouse space and fleet.• Recruited a top-flight IT Manager and drove conversion to JDA retail business system.
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Chief Financial OfficerMitchell Rubber Products, Inc. Apr 2001 - Dec 2004Recruited back as the Senior Finance Executive for the $50 million company and its 3 divisions with 500+ employees at plants and R&D facilities in the U.S. and France. Re-hired based on previous successes to institute relevant, timely reporting and to provide financial leadership for rapid growth and expansion into Europe and China. Directed corporate and plant finance, financial planning, forecasting and analysis, accounting, reporting, budgeting, banking, credit & collections, insurance, investments, taxation, internal controls, inventory management ($3.5 million), MIS, administrative (sales, purchasing, customer service), HR, and legal. Supervised 3 Controllers and a staff of 16 in the Finance, MIS, and HR organizations.• Successfully negotiated with 4 different banks for $6 million line of credit and $2.5 million term loan.• Developed a powerful standard cost accounting system that generated reliable information regarding variances in raw materials price and usage, labor usage, and SG&A.• Reduced manufacturing cost per hour 11.2% by focusing manufacturing personnel on preventative and corrective action and enhancing their understanding of the financial aspects of the process. • Overhauled reporting systems, which significantly improved the accuracy and timeliness of critical information and restored confidence in financial information and projections.• Instituted perpetual inventory system and improved inventory cycle count accuracy to 95%.• Saved $120,000 on premiums for property, earthquake, machinery, and equipment insurance by working with HR and plant manager to improve safety standards and aggressively premium negotiation.• Implemented an online shop floor data collection system to improve plant monitoring and control for payroll, process control, and scrap reduction.
Raj K. Shah Skills
Raj K. Shah Education Details
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University Of RajasthanAccounting & Business Management -
American Institute Of Certified Public AccountantsAccounting -
The Institute Of Chartered Accountants Of IndiaFinancial Management -
University Of RajasthanLaw
Frequently Asked Questions about Raj K. Shah
What company does Raj K. Shah work for?
Raj K. Shah works for Aroma Naturals, Inc.
What is Raj K. Shah's role at the current company?
Raj K. Shah's current role is CFO / Controller maximizing efficiencies, internal controls and cost savings.
What is Raj K. Shah's email address?
Raj K. Shah's email address is rv****@****msn.com
What is Raj K. Shah's direct phone number?
Raj K. Shah's direct phone number is +190999*****
What schools did Raj K. Shah attend?
Raj K. Shah attended University Of Rajasthan, American Institute Of Certified Public Accountants, The Institute Of Chartered Accountants Of India, University Of Rajasthan.
What are some of Raj K. Shah's interests?
Raj K. Shah has interest in Politics, Social Services, Tennis.
What skills is Raj K. Shah known for?
Raj K. Shah has skills like Ms Office, Mas200 And Frx, Hyperion, Peoplesoft, Oracle, Quickbooks, Sas, Accounting, Accounts Receivable, Cash Management, Finance, Sarbanes Oxley Act.
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