Laxit M. Shelani - CA, CPA(Ireland), Bcom

Experience

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  Shah & Taparia Chartered Accountants

  Aug 2011 - Jul 2014

  Article Assistant

  Conducted various Statutory Audits, Internal Audits, Tax Audit, Reconciliation of financial statements and Preparation of Audit Report with taking into consideration Legal Provisions,Accounting and Auditing Standards, Guidance Notes, CARO etc.Worked as audit in-charge throughout all the phases of audit process including planning andresource monitoring, ensuring the completeness, accuracy and objectivity of audit assignments.Experience of key aspects of internal audit such as understanding the standard operating procedures of the entity, testing the samples for key controls, preparing quarterly reports for findings, variance analyses and recommendation to the management.Identification of operational processes inefficiencies and recommendation of necessary improvements.Consolidation and preparation of Accounts, Balance Sheet, P & L and Reconciliation Statements leading to finalization of accounts.Preparation and review of various reconciliation statements e.g. Bank, Cash & Stock.Preparation of LFAR(Long Form Audit Report).Verified internal controls & carried out internal audit, providing suggestions for upgrading the internal ERP systems and software which can generate different types of reports for management review.Review of business contracts with profitability and financial success in mind.Analysis of stock & stores: – Identification procedures for Slow Moving, Non Moving and Obsoleteitems and analysis of Purchase Procedure.Assignments covering areas such as Purchases, Stores, Procurement, Production Planning, Sales& Marketing, Time Office, Safety, Transport.Verification of different HR related issues such as attendance & leave policies, regularization process,data analysis etc.Analysis of debtors & creditors: - Ageing, Recovery Period and Balance Confirmation Procedures. Show less

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  OMAN FOODSTUFF FACTORY LLC

  Jul 2016 - Jul 2018

  Chartered Accountant

  Worked as Key Project Manager with a skill set to implement company’s decision to build greenfield dairy manufacturing plant. Apart from the core responsibility of finance and account management, I was also responsible for following duties:• Analyze financial data to forecast future earnings and expenses• Plan, organize, and direct organization's accounting practices.• Supervised financial planning and budget development processes.• Prepared and coordinated the preparation of financial statements, summaries, annual reports, and other important financial documents.• Recruited, trained, and managed accounting staffto determine the profitability and viability of investments.• Reported to senior management and other stakeholders on execution of the project. •Used statistical modelling software and spreadsheets for project management.• Assisted top management in feasibility study for procuring major equipment for dairy manufacturing. Show less

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  Oman Milk Products (Dairy) Company SFZCO LLC

  Jul 2018 - now

  Finance Manager

  With a successful completion of the greenfield project, execution of the commercial operation, I was offered the role of managing finance and operations with following responsibilities:• Financial reporting on a monthly basis.• Analyse data and prepare meaningful commercial reports to operations management and head office corporate.• Review and investigate any discrepancies around costingProvide financial & KPI performance reporting.• Operational variance analysis including labour, variable, fixed and material cost variances.• Assist operations to identify gaps and drive performancequarterly P&L’s and management reports.• Maintenance of BOM’s, costings and routings.• Managing supply chain to ensure smooth.• Review and recommend opportunities to reduce expenditure and optimise efficiencies to improve profits. Show less